Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q3 2024 Earnings Presentation
16 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Oct 30, 2024
Slide 1: Enhancing Our Core, Expanding Our Reach
Enhancing Our Core, Expanding Our Reach 3Q 2024 SUPPLEMENTAL INFORMATION OCTOBER 30, 2024
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: 3Q 2024 Highlights
3Q 2024 Highlights Solid execution drove margin expansion despite extreme weather disruptions Widespread Consistent Aggregates is a Operating results Financial strength pricing growth execution of price/cost winner and disciplined and flexibility to continues strategic disciplines through the cycle
Slide 4: 3Q 2024 Key Performance Indicators – Aggregates
3Q 2024 Key Performance Indicators – Aggregates Widespread improvement in unit profitability despite lower volume and harsh weather conditions Volume 57.7M tons, -10% Freight-Adjusted Price Cash Gross Profit* $21.27/ton, +10% $10.89/ton, +10% Cash Cost of Sales* $10.38/ton, +11% *Non-GAAP measure. S
Slide 5: 3Q Daily Shipping Pace
3Q Daily Shipping Pace In line with expectations when weather conditions were more moderate Year-over-Year Change in 3Q Aggregates Daily Shipments July August September Markets across the Southeast impacted by Heavy rainfall in the -6% Hurricanes Francine and Southeast Helene that caused compounded
Slide 6: Aggregates Pricing
Aggregates Pricing Pricing environment remains healthy across our footprint Trailing-Twelve Months Freight-Adjusted Price $20.57 $20.04 $19.42 $19.02 $18.47 $17.78 $17.11 $16.41 $15.93 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 6
Slide 7: 3Q 2024 Key Performance Indicators – Downstream
3Q 2024 Key Performance Indicators – Downstream Pricing growth continues in both asphalt and concrete Asphalt Volume 4.1M tons, +1% Cash Gross • Widespread pricing growth continues to Profit* support strong gross profit margins $17.82/ton, Average Sales Price • Six consecutive quarters of double-dig
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 acquisitions to shareholders to shareholders growth capital, and strategic through through divi
Slide 9: Wake Stone Acquisition Will Expand Our Reach in the Carolinas
Wake Stone Acquisition Will Expand Our Reach in the Carolinas Value-enhancing acquisition is expected to provide more than 60 years of quality hard rock reserves • Consistent with our disciplined capital allocation priorities and aggregates-led growth strategy • Will expand our reach to better serve
Slide 10: 2025 Preliminary Outlook
2025 Preliminary Outlook • Growth in public construction activity and improving private demand point toward a return to volume growth • Pricing environment remains favorable with expectations of high-single digit growth • Costs will benefit from moderating inflation and operating execution • Double-
Slide 11: 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 12: Competing and Winning, Locally
Competing and Winning, Locally Strengthening existing capabilities to drive the next horizon of growth and profitability VWS VWO The Vulcan Way of Selling The Vulcan Way of Operating Commercial Logistics Operational Strategic Excellence Innovation Excellence Sourcing 12
Slide 13: Proven Track Record of Our Aggregates-led Business
Proven Track Record of Our Aggregates-led Business Best-in-class execution leads to resiliency and durability regardless of macro challenges Trailing-Twelve Months Aggregates Cash Gross Profit / Ton* $10.22 $9.06 $7.64 $7.33 $7.07 $6.70 $6.14 3Q 2018 3Q 2019 3Q 2020 3Q 2021 3Q 2022 3Q 2023 3Q 2024 *
Slide 14: 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 14
Slide 15: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence starts with our people 15
Slide 16: Non-GAAP Reconciliations
Non-GAAP Reconciliations EBITDA Aggregates Segment Cash Gross Profit and Cash Cost of Sales 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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