Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q2 2020 Earnings Presentation
10 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Aug 4, 2020
Slide 1: 2Q 2020 Supplemental Information for Earnings Conference Call
2Q 2020 SUPPLEMENTAL INFORMATION FOR EARNINGS CONFERENCE CALL August 4, 2020
Slide 2: Disclaimer
Disclaimer Safe Harbor This document 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, results of operations,
Slide 3: Second Quarter Highlights
Second Quarter Highlights Earnings growth and margin expansion lead to strong cash generation Total Revenues $1.323 billion, unchanged year-over-year Gross profit margin +210 basis points EPS Continuing Operations $1.58 per diluted share, +7% Adjusted EBITDA* $408 million, +10% Return on Invested Ca
Slide 4: Second Quarter Key Performance Indicators – Aggregates
Second Quarter Key Performance Indicators – Aggregates Cost control and price growth lead to unit margin expansion Volume Freight-Adjusted Price (millions of tons) ($/ton) -2% • Shipment patterns varied widely 57.3 +3% $14.50 56.2 $14.07 due to economic uncertainty resulting from the pandemic and we
Slide 5: Second Quarter Key Performance Indicators – Asphalt and Concrete
Second Quarter Key Performance Indicators – Asphalt and Concrete Earnings improvement despite lower volumes Asphalt Volume Asphalt Price Asphalt Gross Profit (millions of tons) ($/ton) ($ in millions) • Lower liquid asphalt unit cost 3.6 -5% +10% $30.5 versus the prior year 2Q $58.31 -1% $57.46 3.4
Slide 6: Capital Allocation and Financial Position
Capital Allocation and Financial Position Leveraging our capital base to drive shareholder value YoY Improvement in Return on Invested Capital 2.5x Total Debt to TTM Adjusted EBITDA* ROIC * 100 bps 1.9x Net Debt to TTM Adjusted EBITDA* Years 14 Weighted-Average Maturity of Debt Percent 4.1 Weighted-
Slide 7: Leading Indicators of Demand
Leading Indicators of Demand Vulcan markets showing resiliency during pandemic uncertainty. Fundamentals for LT growth remain positive Since mid-March sales activity (e.g. quotes and orders) remains at healthy levels Leading Indicator Vulcan Other Housing permits have returned to growth Served M
Slide 8: Position of Strength in a Challenging Operating Environment
Position of Strength in a Challenging Operating Environment • Unique industry position – Aggregates focus with no cement • Broad operational footprint provides diversification to geographic responsiveness • Experienced management team • Healthy balance sheet and strong liquidity • 4 strategic discip
Slide 9: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures EBITDA EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation and Amortization and excludes discontinued operations. GAAP does not define EBITDA and it should not be considered as an alternative to earnings measures defined by GAAP. We adjust EBITD
Slide 10: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Return on Invested Capital We define Return on Invested Capital (ROIC) as Adjusted EBITDA for the trailing-twelve months divided by average invested capital (as illustrated below) during the trailing 5-quarters. Our calculation of ROIC is considered a non-GAAP fin
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