Eagle Materials Inc · NYSE:EXP

Eagle Materials — Q1 2025 Earnings Presentation

15 slides from Eagle Materials's earnings presentation, Jul 30, 2024

  1. Slide 1: First Quarter Fiscal 2025 Earnings Release and Conference Call

    July 30, 2024 First Quarter Fiscal 2025 Earnings Release and Conference Call

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Forward-Looking Statements. This presentation contains forward-looking statements effects on our facilities, operations and contractual arrangements with third parties; within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the competition; cyber-a

  3. Slide 3: Fiscal Year 2025 First Quarter Highlights

    Fiscal Year 2025 First Quarter Highlights Strong quarter despite challenging weather conditions  Delivered record results for another consecutive quarter — Revenue up 1% to record $609 million — Gross profit margin increased 140 bps to 30.7% — EPS up 16% to $3.94  Continued disciplined execution o

  4. Slide 4: Sound Underlying Fundamentals, Steady Demand in Both Sectors

    Sound Underlying Fundamentals, Steady Demand in Both Sectors Market conditions for construction materials remain favorable  Federal infrastructure spending continuing to increase  CBO data and IIJA bill point to years of public infrastructure spending ahead Cement  Ongoing demand outpacing supply

  5. Slide 5: Record Revenue Up 1%

    Record Revenue Up 1% Revenue In millions $602 $609 1% INCREASE DRIVEN BY:  Higher Cement and Wallboard sales prices  Record Recycled Paperboard sales volume 2024 2025 FISCAL Q1 5

  6. Slide 6: Record EPS Up 16%

    Record EPS Up 16% Diluted EPS $5 $4 $3.94 $4 $3.40 16% INCREASE REFLECTS: $3  Higher Cement and Wallboard $3 margins  Reduced share count due to $2 share buybacks $2 $1 $1 $0 2024 2025 FISCAL Q1 6

  7. Slide 7: Heavy Materials First Quarter Results Reflect Steady Price Momentum

    Heavy Materials First Quarter Results Reflect Steady Price Momentum Revenue* Operating Earnings In millions In millions $396 $400 FIRST QUARTER CEMENT  Net sales prices +6%  Sales volume -3% $92 $81 FY2024 FY2025 FY2024 FY2025 FIRST QUARTER FIRST QUARTER * Includes Cement, Concrete and Aggregates

  8. Slide 8: Light Materials Results Driven by Higher Wallboard Sales Price and Recycled Paperboard Sales Volume

    Light Materials Results Driven by Higher Wallboard Sales Price and Recycled Paperboard Sales Volume Revenue Operating Earnings In millions In millions FIRST QUARTER $248 $242  Wallboard net sales prices +1%  Wallboard sales volume -1% $102  Record Recycled $98 Paperboard sales volume +10% FY2024

  9. Slide 9: Substantial Cash Flow Generation

    Substantial Cash Flow Generation $133 million of cash flow from operations Quarter ended June 30 in millions 2023 2024 Operating Cash Flow1 $140 $133 -6% Capex, net (36) (33) Free Cash Flow $104 $100 Acquisition Spending (55) - Dividends Paid (9) (9) Share Repurchases (74) (85) Change in Debt 63 8 O

  10. Slide 10: Capital Structure Continues to Provide Significant Financial Flexibility

    Capital Structure Continues to Provide Significant Financial Flexibility Net Debt-to-Cap Net Debt to Adjusted EBITDA 1 1.3x 1.3x 45% 44% 3.31.24 6.30.24 3.31.24 6.30.24 1 “Net Debt to Adjusted EBITDA” is defined as Net Debt divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA and Adjusted EBITDA

  11. Slide 11: Question & Answer

    E Eagle Materials Question & Answer

  12. Slide 12: Thank you for participating in today's conference call web cast

    Thank you for participating in today’s conference call web cast. An archive of this web cast will be available at eaglematerials.com later today.

  13. Slide 13: Appendix

    E Eagle Materials Appendix

  14. Slide 14: Reconciliation of EBITDA and Adjusted EBITDA

    Reconciliation of EBITDA and Adjusted EBITDA Fiscal Year ended TTM We present Earnings Before Interest, Taxes, March 31, 2024 June 30, 2024 Depreciation and Amortization (EBITDA) and Adjusted EBITDA to provide additional measures of In millions operating performance and allow for more consistent com

  15. Slide 15: Reconciliation of Net Debt to Adjusted EBITDA

    Reconciliation of Net Debt to Adjusted EBITDA GAAP does not define “Net Debt” and it should not As of As of be considered as an alternative to debt as defined by March 31, 2024 June 30, 2024 GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total debt t

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