VALVOLINE INC

Valvoline Inc., trading on the New York Stock Exchange under the ticker symbol VVV, operates as a pure-play automotive retail services provider focused on delivering quick, easy, and trusted vehicle maintenance services. The company maintains its website at http://investors.valvoline.com. Founded in 1866, Valvoline has nearly 160 years of history in automotive innovation, beginning when Dr. John Ellis discovered the lubricating properties of distilled crude oil and formulated the world's first petroleum-based lubricant. The company was acquired by Ashland in 1950 and later incorporated as a separate subsidiary in 2016 before completing its initial public offering in September 2016.

Valvoline operates and franchises approximately 2,200 service center locations through its Valvoline Instant Oil Change and Valvoline Great Canadian Oil Change retail locations, while supporting over 240 additional locations through its Express Care platform across the United States and Canada. The company operates 1,016 company-owned retail service centers and employs approximately 11,400 employees, including roughly 10,600 full-time workers. Core services include approximately 15-minute stay-in-your-car oil changes with free 18-point maintenance checks, battery and bulb replacements, tire rotations, wiper replacements, and other manufacturer-recommended maintenance services.

The company holds approximately 390 trademarks in more than 70 countries, with the Valvoline brand and "V" logo among its most protected assets. Following the sale of its Global Products segment to Aramco Overseas Company in March 2023, Valvoline now owns the Valvoline brand for all global retail services, excluding China and certain Middle Eastern and North African countries. The company sources substantially all lubricant and ancillary products through a long-term supply agreement with Valvoline Global Operations, the successor to its former products business.

Valvoline's business model combines company-operated stores with a franchisee network, with franchised locations representing 53 percent of system-wide service centers. The company has achieved 19 consecutive years of system-wide same-store sales growth and added 718 net new stores over the past five years, demonstrating consistent operational excellence and market expansion capabilities.