Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q4 2024 Earnings Presentation
14 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Feb 18, 2025
Slide 1: Enhancing Our Core, Expanding Our Reach
Enhancing Our Core, Expanding Our Reach 4Q 2024 SUPPLEMENTAL INFORMATION FEBRUARY 18, 2025
Slide 2: Safe Harbor and Non-GAAP Financial Measures
Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements. Generally, these statements relate to future financial performance
Slide 3: 2024 Highlights
2024 Highlights Strong results underpinned by operating disciplines and consistent execution $7.4 Total Revenues, -5% Billion $10.61 Aggregates Cash Gross Profit*, +12% Per Ton $2.1 Adjusted EBITDA*, +2% Billion 27.7 Adjusted EBITDA Margin*, +190 bps Percent $806 Free Cash Flow* after operating, mai
Slide 4: 4Q 2024 Highlights
4Q 2024 Highlights Solid execution in Aggregates drove margin expansion Widespread Vulcan Way of Aggregates is a Consistent Financial strength pricing growth Selling and Vulcan price/cost winner execution delivers and flexibility to continues Way of Operating through the cycle compounding continue t
Slide 5: 4Q 2024 Key Performance Indicators – Aggregates
4Q 2024 Key Performance Indicators – Aggregates Widespread improvement in unit profitability Volume 53.9M tons, -3% Freight-Adjusted Price Cash Gross Profit* $21.41/ton, +11% $11.50/ton, +16% Cash Cost of Sales* $9.91/ton, +5% *Non-GAAP measure. See appendix for reconciliation. 5
Slide 6: Aggregates Pricing
Aggregates Pricing Commercial execution drives attractive compounding growth Trailing-Twelve Months Freight-Adjusted Price $21.08 $20.57 $20.04 $19.42 $19.02 $18.47 $17.78 $17.11 $16.41 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 6
Slide 7: 4Q 2024 Key Performance Indicators – Downstream
4Q 2024 Key Performance Indicators – Downstream Unit profitability improvement in Asphalt and Concrete Asphalt Volume 3.4M tons, +1% Cash Gross • Widespread pricing growth continues to support Profit* strong gross profit margins $17.37/ton, Average Sales Price • Seven consecutive quarters of double-
Slide 8: Capital Allocation Priorities
Capital Allocation Priorities Strong cash generation coupled with disciplined capital management drives shareholder value Invested in Deployed capital Returned capital Returned capital maintenance and for strategic to shareholders to shareholders growth capital, acquisitions in through dividends thr
Slide 9: 2025 Outlook
2025 Outlook Volume growth of 3% to 5% supported by continued strength in public construction activity Adjusted EBITDA* and recent acquisitions $2.35 to $2.55 billion Pricing growth of 5% to 7%; inclusive of more than 100 basis points of negative +19% mix impact from acquisitions at the midpoint ver
Slide 10: Serving the Right U.S. Markets
Serving the Right U.S. Markets Well positioned to capture U.S. market opportunities 60% 90% Population living Revenues tied to within 50 miles of markets where Vulcan operation Vulcan has a #1 or #2 position 35 of top 50 67% Fastest growing markets served by Of Infrastructure Vulcan operations Inves
Slide 11: Competing and Winning, Locally
Competing and Winning, Locally Strengthening existing capabilities to drive the next horizon of growth and profitability Aggregates Price Growth* 2017 = 100 VMC Peer Average VMC +63% Peers +50% Industry +52% 2017 2018 2019 2020 2021 2022 2023 2024 Aggregates Cash Gross Profit / Ton** VMC $10.61 +77%
Slide 12: Well Positioned for Continued Growth and Value Creation
Well Positioned for Continued Growth and Value Creation Durable Business Industry Leader with Strong Cash Flow Model to Extend the Clear Competitive Generation and Cycle and Sustain Advantages Investment-Grade Growth Balance Sheet 12
Slide 13: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence starts with our people 13
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations Aggregates Segment Cash Gross Profit and Cash Cost of Sales EBITDA EBITDA is an acronym for "Earnings Before Interest, Taxes, Depreciation and Amortization" and excludes discontinued operations. GAAP does Aggregates segment cash gross profit adds back noncash charges for dep
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