Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Investor Day (2022)
91 slides from Vulcan Materials Company (holding Company)'s investor day presentation, 2022
Slide 1: Vulcan Investor Day 2022
) The VulcanWay 2022 INVESTOR DAY Materials Company
Slide 2: Mark Warren, Vice President Investor Relations
P F a e _. ark Warren ‘Vice President Ir festor Relations ay}
Slide 3: Agenda
Vulcan Investor Day 2022 Agenda Strategy and Vision Tom Hill Talent and Sustainability Darren Hicks & Janet Kavinoky Vulcan Way of Selling (VWS) Jerry Perkins Break Vulcan Way of Operating (VWO) Jason Teter Portfolio Management Ronnie Pruitt Raising the Bar Mary Andrews Carlisle Conclusion and Q&A A
Slide 4: Safe Harbor and Non-GAAP Financial Measures
Vulcan Investor Day 2022 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 fut
Slide 5: Vulcan Investor Day 2022
Vulcan Investor Day 2022 5
Slide 6: Strategy & Vision
Materials Company i er 2 = ee Strategy & Vision Well Positioned for Contin ean owth and Value Gra i Tom Hill Chairman, President & Chief Executive Officer
Slide 7: Well Positioned for Continued Growth and Value Creation
Vulcan Investor Day 2022 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 7
Slide 8: A Strong Foundation for the Future
Vulcan Investor Day 2022 A Strong Foundation for the Future Adjusted EBITDA* 8% $1.55 of gross Billion (11% CAGR since 2017) profit Asphalt Concrete Selective downstream $7.45 Aggregates Cash Gross Profit per Ton* based on market Per Ton (5% CAGR since 2017) Injuries per 200k employee hours worked 1
Slide 9: Serving the Right U.S. Markets
Vulcan Investor Day 2022 Serving the Right U.S. Markets Well positioned to capture U.S. market opportunities 90% 60% Revenues tied to Population living markets where Vulcan within 60 miles of a has a #1 or #2 position Vulcan operation 20 of top 25 $20B Fastest growing Aggregates opportunity markets
Slide 10: Aggregates Focus Drives Growth and Durability
Vulcan Investor Day 2022 Aggregates Focus Drives Growth and Durability Strong fundamentals and lower risk through the cycle 8% of gross profit Asphalt Concrete Selective downstream based on market Aggregates Wide logistical moats, barriers to entry, 92% and limited product substitutions of gross
Slide 11: Aggregates Focus Drives Growth and Durability
Vulcan Investor Day 2022 Aggregates Focus Drives Growth and Durability Selective, strategic footprint in areas complementary to aggregates 8% of gross profit Asphalt Concrete Selective downstream based on market Asphalt Concrete ~95% Aggregates ~80% Aggregates by weight by weight 92% Estimated
Slide 12: We Operate the Right Way
Vulcan Investor Day 2022 We Operate the Right Way 2021 ESG highlights People Health & Safety Environmental Stewardship Neighbors & Community THE WAY FORWARD Governance 2021 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 12
Slide 13: Experienced, Proven Leadership Team
Vulcan Investor Day 2022 Experienced, Proven Leadership Team J. Thomas Hill Thompson S. Baker II Stanley G. Bass Darren L. Hicks Mary Andrews Carlisle Chairman of the Board, Chief Operating Officer Chief Strategy Officer Senior Vice President Senior Vice President, President and Chief and Chief Huma
Slide 14: Business Initiatives…
Vulcan Investor Day 2022 Business Initiatives… Launched Established Strengthened Optimized Further strategic Aggregates portfolio plant efficiency strengthened disciplines cash gross balance sheet profit target 14
Slide 15: …Are Delivering Superior Results
Vulcan Investor Day 2022 …Are Delivering Superior Results Launched Established Strengthened Optimized Further strategic Aggregates portfolio plant efficiency strengthened disciplines cash gross balance sheet profit target +11% +5% 74 +2.7% +210 CAGR in Adjusted CAGR in Cash Aggregate CAGR since 2017
Slide 16: Two-Pronged Strategy to Drive Future Growth and Sustainable Value
Vulcan Investor Day 2022 Two-Pronged Strategy to Drive Future Growth and Sustainable Value Supported by foundation of talent, sustainability and innovation Enhance Expand Our Core Our Reach Talent Sustainability Innovation 16
Slide 17: Enhance Our Core
Vulcan Investor Day 2022 Enhance Our Core Driving 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 17
Slide 18: Expand Our Reach
Vulcan Investor Day 2022 Expand Our Reach Ample opportunity for future growth U.S. Aggregates Market The 50 Highest Growth MSAs ■ Public companies ■ Smaller, non-public companies 35 Vulcan-Served MSAs 15 Other MSAs ■ Vulcan’s States 33% ~3 Billion 67% Tons Annually 37% Source: Woods & Poole CEDD
Slide 19: Robust Outlook for Public Sector Demand
Vulcan Investor Day 2022 Robust Outlook for Public Sector Demand Infrastructure Investment and Jobs Act (IIJA) funding is driving strong aggregates demand Mix of $853 Billion in Guaranteed Funding from the IIJA Highway & Bridges 11% Energy/Environment/Resiliency Waterworks 8% Ports & Waterways 1% Mu
Slide 20: Increasing Highway Projects Underscore Growth
Vulcan Investor Day 2022 Increasing Highway Projects Underscore Growth Growing momentum in public infrastructure work Year-over-Year Change in TTM U.S. Highway Starts 14% 10% 9% 9% 8% 6% 4% 1% -4% DEC '21 JAN '22 FEB '22 MAR '22 APR '22 MAY '22 JUN '22 JUL '22 AUG '22 Source: Dodge Data and Analytic
Slide 21: Vulcan-Served Markets Outperform in Highway Funding
Vulcan Investor Day 2022 Vulcan-Served Markets Outperform in Highway Funding Growth in highway project spending is usually greater in Vulcan-served states Compounded Annual Growth Rate by Federal Funding Era TEA-21 Era SAFETEA-LU Era MAP 21 Era FAST Act Era (Jun ‘98 – Jul ‘05) (Aug ‘05 – Jun ‘12) (J
Slide 22: Demographics Support Long-Term Residential Outlook
Vulcan Investor Day 2022 Demographics Support Long-Term Residential Outlook U.S. Population U.S. Households U.S. Housing Starts +3% +12% +6% +19% +10% (17%) Prior Peak Current 2030 Prior Peak Current 2030 Prior Peak Current 2030 There has been continued growth in population… …and household formation
Slide 23: Positive Nonresidential Outlook
Vulcan Investor Day 2022 Positive Nonresidential Outlook Vulcan markets outperform Private Nonresidential Starts VMC Markets +30% YoY Other Markets +13% YoY AUG ‘18 AUG ‘19 AUG ‘20 AUG ‘21 AUG ‘22 TTM starts measured in millions of square feet Source: Dodge and Company estimates 23
Slide 24: Demand Growth Has Supported Pricing Momentum
Vulcan Investor Day 2022 Demand Growth Has Supported Pricing Momentum Aggregates are a unique resource with high barriers to entry Year-over-Year Change in Aggregates Mix-Adjusted Price 12.5% 9.6% 6.9% 4.2% 3.5% 2.6% 1.3% Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Implied 2H '22 Midpoint of Guidance
Slide 25: Price/Cost Dynamics Reached an Inflection Point in 2Q
Vulcan Investor Day 2022 Price/Cost Dynamics Reached an Inflection Point in 2Q Year-over-Year Change in Aggregates (per ton) Cash Gross Profit Cash Cost Price $1.48 $1.36 $1.09 $1.21 $1.10 $1.14 $1.10 $0.85 $0.38 $0.15 -$0.25 -$0.05 MAR '22 APR '22 MAY '22 JUN '22 25
Slide 26: Positioned for Growth and Value Creation
Vulcan Investor Day 2022 Positioned for Growth and Value Creation Durable Business Model Industry Leader with Strong Cash Flow to Extend the Cycle and Clear Competitive Generation and Investment- Sustain Growth Advantages Grade Balance Sheet • 24% improvement in • Largest U.S. aggregates • Financial
Slide 27: Talent and Sustainability
Serafin To2022 Vulcan Investor Day Talent and Sustainability Replace Janet Kavinoky Darren Hicks Vice President, External Affairs• Senior and Corporate Vice Communications President and Chief Human Resources Officer
Slide 28: ESG with a Value-Creation Mindset
Vulcan Investor Day 2022 ESG with a Value-Creation Mindset Focus is on ESG Priorities Material to Our Business Vulcan’s Five ESG Focus Areas Health & Safety People Environmental Neighbors & Governance Stewardship Community 28
Slide 29: Our Top Priority: Keeping Everyone Safe and Healthy
Vulcan Investor Day 2022 Our Top Priority: Keeping Everyone Safe and Healthy Further enhancing a world-class safety record Health & Safety 131,477 94% 100 1.01 270 Hours of health Vulcan facilities with Safety audits 2021 legacy Vulcan Triple zero facilities: and safety training zero lost-time condu
Slide 30: Honed Approach to Risk Prevention
Vulcan Investor Day 2022 Honed Approach to Risk Prevention A more sophisticated method of driving safety Avoiding Accidents Reduce Job Risks To Backward Looking Forward Looking Statistics To Metrics 30
Slide 31: Attracting, Developing and Retaining Our People
Vulcan Investor Day 2022 Attracting, Developing and Retaining Our People Recruiting and keeping the best talent in the industry 39% 251,320 20% 52% - 48% Employees with Total Training Hours Four-year Average Ratio of female to 10+ years tenure (2021) Annual Turnover male salaried, non –exempt employ
Slide 32: Initiatives Underscore Our Commitment to DE&I
Vulcan Investor Day 2022 Initiatives Underscore Our Commitment to DE&I Where everyone can build and advance their career Employee Resource Groups (ERGs) Training • Launched four ERGs in 2022 • Ongoing DE&I awareness training as part of new • Expanding to include additional groups by 2025 hire onboar
Slide 33: Strong Commitment to Environmental Stewardship
Vulcan Investor Day 2022 Strong Commitment to Environmental Stewardship A 60+ year record of doing the right thing, the right way, at the right time Climate Change & Water Land Use and Air Quality GHG Emissions Management Biodiversity A durable and sustainable business Environmental Environmental Co
Slide 34: The Way Forward
Vulcan Investor Day 2022 The Way Forward Creating shareholder value, reducing impacts and mitigating risks Land Use and Business Planning New initiatives and partnerships to reduce scope 2 emissions Operational Efficiency Energy Efficiency & Sourcing Florida Power & Light solar together progra
Slide 35: In Focus: Climate Change and GHG Emissions
Vulcan Investor Day 2022 In Focus: Climate Change and GHG Emissions Doing our part to reduce overall GHG emissions and mitigate the effects of climate change • Reduce Scope 1 and 2 GHG emissions intensity per ton of product Near-Term GHG produced by 10% by 2030 Emissions Reduction Goals • Reduce ene
Slide 36: Vulcan Way of Selling
Vulcan Investor Day 2022 Vulcan Way of Selling Jerry Perkins • Senior Vice President
Slide 37: Competing and Winning Locally
Vulcan Investor Day 2022 Competing and Winning Locally Supporting near-term performance and longer-term competiveness VWS VWO The Vulcan Way of Selling The Vulcan Way of Operating Commercial Logistics Operational Strategic Excellence Innovation Excellence Sourcing 37
Slide 38: Better Serving Our Customers and Enhancing Our Profitability
Vulcan Investor Day 2022 Better Serving Our Customers and Enhancing Our Profitability Variety of customers and projects Highways Residential Nonresidential Infrastructure 38
Slide 39: Efficient Management and Capture of Job Opportunities
Vulcan Investor Day 2022 Efficient Management and Capture of Job Opportunities Quote activity for six month period California Los Angeles Note: Each dot represents a project quoted 39
Slide 40: Vulcan Way of Selling Fundamentals
Vulcan Investor Day 2022 Vulcan Way of Selling Fundamentals A more strategic approach to selling Pre-2017 2017 Forward 1 More time with customers Traditional Market Sales Approach Vulcan Way of 2 Development of our people • Relationship Selling Selling To • Defined Roles Drives • Credit, Quoting, •
Slide 41: Sales Support Model Enables Superior Sales Execution
Vulcan Investor Day 2022 Sales Support Model Enables Superior Sales Execution Spending time where it counts Transactional/ Administrative Tasks Data Market Analytics Intel Sales Rep Customer Sales Support Teams Increasing interactions Better quality discussions Pricing Job Leads Solutions and value
Slide 42: Innovative Tools and Analytics Support Commercial Strategy
Vulcan Investor Day 2022 Innovative Tools and Analytics Support Commercial Strategy Powerful forward-looking data drives decisions and accountability Job Customer Opportunities Visits Win Price Booking Pace Momentum Percentage 42
Slide 43: Superior Pricing Performance Across the Portfolio
Vulcan Investor Day 2022 Superior Pricing Performance Across the Portfolio VWS helps drive best-in-class performance Price Growth (2017 = 100) VMC Peers VMC +20% Cumulative growth Peers +15% Cumulative growth 2017 2018 2019 2020 2021 2022* Note: For comparison purposes, pricing is not freight-adjust
Slide 44: Logistics Sourcing and Technology as a Competitive Advantage
Vulcan Investor Day 2022 Logistics Sourcing and Technology as a Competitive Advantage A differentiated customer experience Project Productivity Features • Delivery ETA • Delivery Confirmation • Key Performance Indicators • Electronic Ticket • Reorder Request 44
Slide 45: Vulcan Investor Day 2022
Vulcan Investor Day 2022 45
Slide 46: Building for the Future
Vulcan Investor Day 2022 Building for the Future New Mobile Digital Sales Platform More robust, real-time market information New customer website with best-in-class functionality Better employee experience for our sales force 46
Slide 47: Delivering an Unmatched Customer Experience
Vulcan Investor Day 2022 Delivering an Unmatched Customer Experience Fred J. Smith, III President and Chief Executive Officer 47
Slide 48: Break
Vulcan Investor Day 2022 Break Investor Day 2022
Slide 49: Vulcan Way of Operating
Serafin To Vulcan Investor Day 2022 Vulcan Way of Operating Replace Jason Teter • Senior Vice President
Slide 50: Competing and Winning, Locally
Vulcan Investor Day 2022 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 50
Slide 51: Building Our Capabilities for Continued Superior Performance
Vulcan Investor Day 2022 Building Our Capabilities for Continued Superior Performance Safety and health of our people Customer service Production efficiency 51
Slide 52: Producing the Right Tons at the Right Time
Vulcan Investor Day 2022 Producing the Right Tons at the Right Time Starting with a strong foundation Strive for Continuous 2022 Improvement and Better 2019 Plant Technology Performance 2017 Vulcan Way of Operations Strategic Sourcing Digital Training 52
Slide 53: Enhanced Training Program Improves Consistency Across Operations
Vulcan Investor Day 2022 Enhanced Training Program Improves Consistency Across Operations Leveraging technology to better equip and train our team Multifaceted proprietary digital library focusing on our major business lines Continuous training resources that support the entire employment life c
Slide 54: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Launched scalable digital process monitoring system to optimize efficiency and improve productivity Aggregates Operations with Production Performance Tracking 54
Slide 55: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Enables detailed plant-by-plant analysis with mobile capability 55
Slide 56: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Area dashboard allows quick access to tracking performance 56
Slide 57: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Plant dashboard helps monitor efficiencies and KPI’s throughout the day 57
Slide 58: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Crusher dashboard provides visibility into real-time performance 58
Slide 59: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Crusher Performance 59
Slide 60: Vulcan's Enterprise-Wide Production Performance Tracking
Vulcan Investor Day 2022 Vulcan’s Enterprise-Wide Production Performance Tracking Crusher Performance 60
Slide 61: Digital Tracker Generates Measurable Success
Vulcan Investor Day 2022 Digital Tracker Generates Measurable Success Visibility into real-time performance drives lower unit costs and higher unit margins Productivity Yield Cost of Unit Production Profitability 61
Slide 62: …Including Superior Cost Performance
Vulcan Investor Day 2022 …Including Superior Cost Performance Vulcan’s cash cost per ton beats inflation CAGR since 2017 2.7% 6.4% VS. Vulcan Cash Inflation** Cost Per Ton* *Non-GAAP measure. See appendix for reconciliation. Trailing-twelve months as of 2Q 2022. **PPI for Industrial Commodities Sour
Slide 63: Strong Momentum Will Continue to Drive Improved Performance
Vulcan Investor Day 2022 Strong Momentum Will Continue to Drive Improved Performance Exciting developments – and we’re just getting started 1 Continued development of training 2 Leveraging the technology across the enterprise 63
Slide 64: Portfolio Management
Serafin To Vulcan Investor Day 2022 Portfolio Management Replace Ronnie Pruitt • Senior Vice President
Slide 65: Expanding and Enhancing Our Portfolio
Vulcan Investor Day 2022 Expanding and Enhancing Our Portfolio Guiding principles 1 Foundation in Aggregates 2 Right Market Structure 3 Downstream in Select Markets 4 Disciplined Approach 65
Slide 66: Expanding in Existing Markets Through M&A
Vulcan Investor Day 2022 Expanding in Existing Markets Through M&A Powerful combination of scarcity and growth 2016 Aggregates + Asphalt 66
Slide 67: Expanding in Existing Markets Through M&A
Vulcan Investor Day 2022 Expanding in Existing Markets Through M&A Powerful combination of scarcity and growth 2017 Aggregates + Asphalt Sales Yard Concrete 67
Slide 68: Expanding in Existing Markets Through M&A
Vulcan Investor Day 2022 Expanding in Existing Markets Through M&A Powerful combination of scarcity and growth 2021 Aggregates + Asphalt Sales Yard Concrete 68
Slide 69: Expanding in Existing Markets Through M&A
Vulcan Investor Day 2022 Expanding in Existing Markets Through M&A Powerful combination of scarcity and growth 2022 Aggregates + Asphalt Sales Yard Concrete 69
Slide 70: Expanding in Existing Markets Through Greenfields
Vulcan Investor Day 2022 Expanding in Existing Markets Through Greenfields First Tier of Past Growth New Greenfield Next Tier of Operations Future Growth Will Serve Future Growth 70
Slide 71: Expanding in New Markets Through Acquisitions
Vulcan Investor Day 2022 Expanding in New Markets Through Acquisitions Powerful combination of scarcity and growth 2021 Quarry Sales Yard 71
Slide 72: Disciplined Approach to Expanding Our Aggregates Footprint
Vulcan Investor Day 2022 Disciplined Approach to Expanding Our Aggregates Footprint Aggregates Operations Added Since 2016 ● Acquisition Aggregates ● Greenfield + Asphalt Concrete 72
Slide 73: Disciplined Approach to Expanding Our Aggregates Footprint
Vulcan Investor Day 2022 Disciplined Approach to Expanding Our Aggregates Footprint All Operations Added Since 2016 ● Acquisition Aggregates ● Greenfield + Asphalt Concrete 73
Slide 74: Disciplined Approach to Expanding Our Aggregates Footprint
Vulcan Investor Day 2022 Disciplined Approach to Expanding Our Aggregates Footprint All Operations Today ● Acquisition Aggregates ● Greenfield + Asphalt Concrete ● Legacy 74
Slide 75: Ample Opportunity for Future Growth
Vulcan Investor Day 2022 Ample Opportunity for Future Growth Aggregates Operations Not Owned by Public Companies 75
Slide 76: Raising the Bar
Serafin To Vulcan Investor Day 2022 Raising the Bar Replace Mary Andrews Carlisle • Chief Financial Officer
Slide 77: Durable Growth Through the Cycle
Vulcan Investor Day 2022 Durable Growth Through the Cycle Disciplined approach yields consistent results Growth Throughout the Cycle (2Q’12 = 100) 400 Adjusted EBITDA Volume 350 300 Operational Cash Capital 250 Execution Generation Allocation 200 150 100 50 0 2Q 2012 3Q 2013 4Q 2014 1Q 2016 2Q 2017
Slide 78: Consistent Execution Makes the Best Better
Vulcan Investor Day 2022 Consistent Execution Makes the Best Better Industry-leading profitability gap widened, even during macro headwinds TTM Aggregates Cash Gross Profit / Ton* $7.45 5% CAGR $6.00 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'2
Slide 79: Disciplined Capital Allocation Strategy
Vulcan Investor Day 2022 Disciplined Capital Allocation Strategy Clear priorities in place to drive long-term shareholder value creation 1 Operating Capital maintain and grow the value of our franchise 2 Growth Capital including greenfields and acquisitions 3 Dividend Growth with Earnings with a kee
Slide 80: Attractive Opportunities to Reinvest and Grow
Vulcan Investor Day 2022 Attractive Opportunities to Reinvest and Grow A balanced approach 2015 80
Slide 81: Attractive Opportunities to Reinvest and Grow
Vulcan Investor Day 2022 Attractive Opportunities to Reinvest and Grow A balanced approach Externally Sourced New Greenfield Operations 2016 81
Slide 82: Attractive Opportunities to Reinvest and Grow
Vulcan Investor Day 2022 Attractive Opportunities to Reinvest and Grow A balanced approach Internally Sourced Acquired Operations 2017 82
Slide 83: Strong Financial Position
Vulcan Investor Day 2022 Strong Financial Position Investment-grade balance sheet supports future growth 2.5x 11.4 years 3.9% Net Debt to Weighted-Average Weighted-Average Adjusted EBITDA Debt Maturity Interest Rate Financial strength and flexibility to sustain and strengthen business operations
Slide 84: Raising the Bar…
Vulcan Investor Day 2022 Raising the Bar… Cash Gross Profit / Ton 2022 Investor 14 Day Target 2019 12 Investor $11 - $12 Day Target 10 $9 8 ~$8 6 $6 236M 4 tons 230 to - 260 to 240M ~224M 270M 2 tons (ex. USCR) tons 0 2022 Guidance $2.0B EBITDA 2019 Goal as outlined at 2019 Investor Day. Cash Gross
Slide 85: Raising the Bar…
Vulcan Investor Day 2022 Raising the Bar… Cash Gross Profit / Ton 2022 Investor 14 Day Target 12 2019 Investor $11 - $12 Day Target 10 8 $9 ~$8 6 $6 236M 4 tons 230 to - 260 to 270M 2 240M ~224M tons (ex. USCR) tons 0 2022 Guidance $2.0B EBITDA $1.7B EBITDA 2019 Goal as outlined at 2019 Investor Day
Slide 86: Raising the Bar…
Vulcan Investor Day 2022 Raising the Bar… Cash Gross Profit / Ton 2022 Investor 14 Day Target 12 2019 Investor $11 - $12 Day Target 10 8 $9 ~$8 6 $6 236M 4 tons 230 to - 260 to 270M 2 240M ~224M tons (ex. USCR) tons 0 2022 Guidance $2.0B EBITDA $1.7B EBITDA 2019 Goal as outlined at 2019 Investor Day
Slide 87: Raising the Bar…
Vulcan Investor Day 2022 Raising the Bar… Cash Gross Profit / Ton 2022 Investor 14 Day Target 2019 12 Investor $11 - $12 Day Target 10 $9 8 ~$8 6 $6 236M 4 tons 230 to - 260 to 240M ~224M 270M 2 tons (ex. USCR) tons 0 2022 Guidance $2.0B EBITDA $1.7B EBITDA $2.7B to $3.0B EBITDA 2019 Goal as outline
Slide 88: Best Investment Opportunity
Vulcan Investor Day 2022 Best Investment Opportunity Products Enhance Expand Our Core Our Reach Markets People Technology & Innovation Portfolio 88
Slide 89: Q&A
Serafin To Vulcan Investor Day 2022 Q&A Replace
Slide 90: Appendix - Non-GAAP Reconciliations
Vulcan Investor Day 2022 Appendix - Non-GAAP Reconciliations 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 defin
Slide 91: vulcanmaterials.com
Vulcan Investor Day 2022 vulcanmaterials.com