Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q4 2024 Earnings Presentation
12 slides from Martin Marietta Materials's earnings presentation, Feb 12, 2025
Slide 1: Q4 and Full-Year 2024 Supplemental Information
Q4 and Full-Year 2024 SUPPLEMENTAL INFORMATION* February 12, 2025 * All information provided in these slides is qualified in its entirety by reference to the Company's filings with the Securities and Exchange Commission (SEC), which are available on both the Company’s and the SEC’s websites.
Slide 2: Statement Regarding Safe Harbor for Forward-Looking Statements
Statement Regarding Safe Harbor for Forward-Looking Statements Investors are cautioned that all statements herein that relate to the future involve risks and uncertainties and are based on assumptions that the Company believes in good faith are reasonable but which may be materially different from a
Slide 3: Company Highlights
COMPANY HIGHLIGHTS FY 2024 FINANCIAL HIGHLIGHTS KEY INVESTMENT MERITS $6.5B $2.0B >90% Gross Profit from Upstream 85+ Years of Aggregates Strong Balance Sheet and Significant Opportunities Total Revenues Net Earnings from Continuing Materials3 Reserves4 for Growth -4% y-o-y Operations Attributable t
Slide 4: Q4 2024 Results
Q4 2024 RESULTS FINANCIAL HIGHLIGHTS AGGREGATES SHIPMENTS AGGREGATES AVERAGE SELLING PRICE (ASP) (Tons in Millions) (Per Ton) $1.6B $294M +2.7% 48 +8.6% Revenues Net Earnings from Continuing 47 $20.22 $21.95 +1% y-o-y Operations Attributable to Martin Marietta +2% y-o-y $545M 33% Adjusted EBITDA1 Ad
Slide 5: 2025 Guidance Summary at the Midpoint
2025 GUIDANCE SUMMARY AT THE MIDPOINT CONSOLIDATED FULL YEAR 2025 GUIDANCE1 KEY DRIVERS + Strong infrastructure and data center demand $7.03B $1.09B $2.25B + Full-year of contributions from operations acquired in 2024 Revenues Net Earnings from Continuing Adjusted − Higher-for-longer interest rates
Slide 6: 2024 Portfolio Optimization Efforts Increased Aggregates Gross Profit Contribution
2024 PORTFOLIO OPTIMIZATION EFFORTS INCREASED AGGREGATES GROSS PROFIT CONTRIBUTION… GROSS PROFIT PRODUCT MIX NET LEVERAGE2 2023 Gross Profit1 2024 Gross Profit1 Cement & Mag 5% Downstream 27% Cement & Mag 5% Downstream 2.3x Target 2.0-2.5x 19% DEBT PROFILE Aggregates 68% Aggregates 76% 4.0% 15 Years
Slide 7: 2025 End Market Outlook
2025 END MARKET OUTLOOK INFRASTRUCTURE NONRESIDENTIAL RESIDENTIAL + Infrastructure Investment + Data centers − Single-family housing and Jobs Act (IIJA) − Warehouses − Multi-family housing + Record state Department of Transportation budgets − Light nonresidential + State and local ballot − Manufactu
Slide 8: Appendix
DRMe APPENDIX
Slide 9: Adjusted EBITDA
ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Year Year Ended Ended Ended Ended Earnings from continuing operations before interest; Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 income taxes; depreciation, depletion and Net earnings from continuing operations attributable to amortiz
Slide 10: 2025 Adjusted EBITDA Guidance at the Midpoint
2025 ADJUSTED EBITDA GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2025 Earnings from continuing operations before interest; 1 (Midpoint Guidance) income taxes; depreciation, depletion and Net earnings from continuing operations attributable to Martin Marietta $1,090 amortization expense
Slide 11: Aggregates Organic Mix-Adjusted Average Selling Price
AGGREGATES ORGANIC MIX-ADJUSTED AVERAGE SELLING PRICE PER TON Three Months Three Months Year Year Ended Ended Ended Ended Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 Aggregates organic mix-adjusted average selling Reported average selling price $21.95 $20.22 $21.80 $19.84 price (mix-adjusted
Slide 12: Net Leverage at December 31, 2024
NET LEVERAGE AT DECEMBER 31, 2024 $ IN MILLIONS Twelve-Month Period January 1, 2024 to Consolidated net debt to consolidated Adjusted EBITDA at December 31, 2024 Net earnings from continuing operations attributable to Martin Marietta December 31, 2024, for the trailing-12 months, is a non- $ 1,995 A
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