Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q1 2025 Earnings Presentation
11 slides from Martin Marietta Materials's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Supplemental Information
Q1 2025 SUPPLEMENTAL INFORMATION* April 30, 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: Q1 2025 Results
Q1 2025 RESULTS FINANCIAL HIGHLIGHTS AGGREGATES SHIPMENTS AGGREGATES AVERAGE SELLING PRICE (ASP) (Tons in Millions) (Per Ton) $1.35B $116M +6.6% +6.8% Revenues Net Earnings Attributable to 39 $22.26 $23.77 +8% y-o-y Martin Marietta 37 -89% y-o-y1 $351M 26% Adjusted EBITDA2 Adjusted EBITDA Margin2 +2
Slide 4: Monthly Organic Aggregates Shipments Favorable as Weather Permits
MONTHLY ORGANIC AGGREGATES SHIPMENTS FAVORABLE AS WEATHER PERMITS JAN Jan-25 vs. Jan-24 FEB Feb-25 vs. Feb-24 MAR Mar-25 vs. Mar-24 2.6% 19.9% 10.6% Below Average Challenging Winter Weather Favorable Weather Temperatures Across the Across Southeast, Southwest Across the Enterprise Enterprise and Mid
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 Attributable Adjusted − Higher-for-longer interest rates and
Slide 6: 2025 End Market Outlook
2025 END MARKET OUTLOOK INFRASTRUCTURE NONRESIDENTIAL RESIDENTIAL + Infrastructure Investment + Data centers − Single-family housing and Jobs Act − Warehouses − Multi-family housing + Record state Department of Transportation budgets − Light nonresidential + State and local ballot − Manufacturing in
Slide 7: Infrastructure Investment and Jobs Act (IIJA) Update Through February 28, 2025
INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) UPDATE THROUGH FEBRUARY 28, 2025 TOTAL HIGHWAY & BRIDGE FUNDS CUMULATIVE OBLIGATIONS CUMULATIVE STATE REIMBURSEMENTS ~$350B $191B $118B 29% of Total 55% of Total 34% of Total $1.2 Trillion IIJA Highway & Bridge Funds Highway & Bridge Funds THREE YEARS IN
Slide 8: Indicating Robust Multi-Year Tailwinds for This Countercyclical End Market
…INDICATING ROBUST MULTI-YEAR TAILWINDS FOR THIS COUNTERCYCLICAL END MARKET ($ in Billions) Excludes funds from an expected successor bill to IIJA $63 $58 $53 $49 $42 $24 $16 $15 $11 $9 $7 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 & Beyond IIJA spend expected to extend well past its exp
Slide 9: Appendix
DRMe APPENDIX
Slide 10: Adjusted EBITDA
ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Earnings before interest; income taxes; depreciation, Ended Ended Mar 31, 2025 Mar 31, 2024 depletion and amortization expense; the earnings/loss from nonconsolidated equity affiliates; Net earnings attributable to Martin Marietta $116 $1,045 a
Slide 11: 2025 Adjusted EBITDA Guidance at the Midpoint
2025 ADJUSTED EBITDA GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2025 Earnings before interest; income taxes; depreciation, (Midpoint Guidance) 1 depletion and amortization expense; the Net earnings attributable to Martin Marietta $1,090 earnings/loss from nonconsolidated equity affili
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