Slide 1: Q2 2023 Supplemental Information
Q2 2023 SUPPLEMENTAL INFORMATION* July 27, 2023 * 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 in this presentation 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 d
Slide 3: Financial Highlights
Battin FINANCIAL HIGHLIGHTS Marietta
Slide 4: Q2 2023 Results
Q2 2023 RESULTS FINANCIAL HIGHLIGHTS AGGREGATES CEMENT Shipments (MM Tons) ASP Shipments (MM Tons) ASP $1,821M $596M 57.8 -6% +19% +0% +22% Total Revenues Adj. EBITDA* $19.37 1.1 1.1 $170.46 54.5 +11% y-o-y +25% y-o-y $16.34 $140.00 $116M 32.7% Returned to shareholders Adj. EBITDA Margin* through di
Slide 5: 2023 Guidance Revision Summary
2023 GUIDANCE REVISION SUMMARY 2022 Actual Midpoint of Guidance Midpoint of Guidance as of May 2023 as of July 2023 $6,708 $6,793 Total Revenues ($ in MMs) $6,161 (+9%) (+10%) $1,850 $2,050 Adjusted EBITDA ($ in MMs) $1,600 (+16%) (+28%) 208 202 Aggregates Volume (Tons in MMs) 208 (flat) (-3%) $19.0
Slide 6: Portfolio Shaping and Strong Balance Sheet Provides Foundation for Future Growth
PORTFOLIO SHAPING AND STRONG BALANCE SHEET PROVIDES FOUNDATION FOR FUTURE GROWTH HIGHLIGHTS Net Leverage1 Debt Reduced by ✓ Completed multiple non-core asset divestitures in 2022 Continues to Decline ~$760MM and year-to-date 2023; meaningfully enhancing Martin 3.2x $5.1B 2 Marietta’s proforma margin
Slide 7: End Use Outlook
Battin END USE OUTLOOK Marietta
Slide 8: Unprecedented Public Investment in Highways and Domestic Manufacturing
UNPRECEDENTED PUBLIC INVESTMENT IN HIGHWAYS AND DOMESTIC MANUFACTURING… FEDERAL STATE AND LOCAL $72B $40B Additional funding available to Martin Marietta’s FY2023 Total Federal Highway Investment Top-10 States via Cornyn – Padilla Amendment $53B $23B CHIPS Act Funding for Semiconductor Transportatio
Slide 9: Driving Significant Increase in Highway Contract Awards
…DRIVING SIGNIFICANT INCREASE IN HIGHWAY CONTRACT AWARDS… Highway, bridge and tunnel contract awards increased to a record $114B for LTM June 2023 driven by IIJA and COVID relief funds; a positive leading indicator of future infrastructure construction activity ($ in Billions) +25% LTM June ‘19-22 C
Slide 10: And Manufacturing Construction Activity
…AND MANUFACTURING CONSTRUCTION ACTIVITY MANUFACTURING CONSTRUCTION INVESTMENT SELECT PROJECT EXAMPLES ACROSS OUR FOOTPRINT (Seasonally adjusted annual rate, $ in Billions) $194B Data Centers Austin Semiconductor Hickory, NC Taylor, TX Lithium Battery Plant LNG Terminal Expansion Kokomo, IN Sabine P
Slide 11: Nonresidential Activity Varies by Sector
NONRESIDENTIAL ACTIVITY VARIES BY SECTOR CATEGORIES OUTLOOK COMMENTARY Domestic • Reshoring of U.S.-based manufacturing of critical products Manufacturing (e.g., semiconductors, batteries and electric vehicles) • Accelerating to meet increased consumer demand; significant Energy industrial construct
Slide 12: Residential Trends
RESIDENTIAL TRENDS SEASONALLY ADJUSTED SINGLE-FAMILY STARTS (000s) 1,500 Key 100 Single-family Starts (000s) Recent inflection in HMI data 1,311 NAHB Housing Market Index / HMI and SF starts indicate a robust 1,231 1,217 (ranges 0 to 100) 1,1801,173 1,227 1,173 1,211 1,179 1,176 home building enviro
Slide 13: Appendix
PRMer APPENDIX
Slide 14: Adjusted EBITDA
ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Ended Jun 30, 2023 Ended Jun 30, 2022 Earnings from continuing operations before interest; income taxes; depreciation, depletion and Net earnings from continuing operations attributable to Martin $ 347.6 $ 353.2 amortization expense; the earnin
Slide 15: 2023 Adjusted EBITDA Guidance
2023 ADJUSTED EBITDA GUIDANCE $ IN MILLIONS Year Ended Year Ended Dec 31, 2023 Year Ended Year Ended Dec 31, 2023 (Midpoint Dec 31, 2023 Dec 31, 2022 Earnings from continuing operations before (Low Guidance) Guidance) (High Guidance) (Actual) interest; income taxes; depreciation, depletion and Net e
Slide 16: Net Leverage at June 30, 2023
NET LEVERAGE AT JUNE 30, 2023 $ IN MILLIONS 12-Month Period Jul 1, 2022 to Consolidated net debt to consolidated Adjusted EBITDA Jun 30, 2023 at June 30, 2023, for the trailing-12 months, is a non- Net earnings from continuing operations attributable to Martin Marietta $ 960.6 GAAP measure. Add back
Slide 17: Net Leverage at December 31, 2021
NET LEVERAGE AT DECEMBER 31, 2021 $ IN MILLIONS 12-Month Period Jan 1, 2021 to Dec 31, 2021 Net earnings from continuing operations attributable to Martin Marietta $ 702.0 Add back: Interest expense, net of interest income 142.4 Consolidated net debt to consolidated Adjusted Income tax expense for c
Slide 18: For More Information, Please Visit www.martinmarietta.com
FOR MORE INFORMATION, PLEASE VISIT WWW.MARTINMARIETTA.COM