Slide 1: Fiscal Year and Fourth Quarter 2025 Earnings Release and Conference Call
MAY 20, 2025 Fiscal Year and Fourth Quarter 2025 Earnings Release and Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements. This presentation contains forward-looking statements within the nature or level of activity in any one or more of the markets or industries in which the Company or meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securit
Slide 3: Fiscal Year 2025 Highlights
Fiscal Year 2025 Highlights Steady progress on financial and strategic priorities in challenging environment Progress on long-term sustainability — Lowest Total Recordable Incident Rate (TRIR) in Company history — On track for 50% reduction in water consumption at Republic papermill — Expanded our
Slide 4: Executed on Strategic Priorities and Long-Term Growth Initiatives
Executed on Strategic Priorities and Long-Term Growth Initiatives Acquired two pure-play aggregates businesses complementary to our existing footprint in Northern Kentucky and Western Pennsylvania — 50% increase in annual aggregates production capacity — Enhanced ability to serve growing markets —
Slide 5: Outlook Remains Favorable, With Solid Demand Fundamentals
Outlook Remains Favorable, With Solid Demand Fundamentals Eagle well-positioned in current operating environment State and Federal infrastructure budgets remain healthy, with no material disruption in award funding Two-thirds of IIJA funds remaining to be spent, supporting years of public infras
Slide 6: Solid Annual and Q4 Revenue
Solid Annual and Q4 Revenue Revenue In millions $2,259 $2,261 ANNUAL CHANGE DRIVEN BY: Higher prices across all business lines $477 $470 Lower Cement and Concrete and Aggregates sales volume 2024 2025 2024 2025 FISCAL YEAR FISCAL Q4 6
Slide 7: Record Annual EPS, Up 1%
Record Annual EPS, Up 1% Diluted EPS $13.61 $13.77 ANNUAL RESULTS REFLECT: Reduced share count due to share buybacks Lower Cement and Concrete and Aggregates $2.24 $2.00 earnings 2024 2025 2024 2025 FISCAL YEAR FISCAL Q4 7
Slide 8: Heavy Materials Annual Results Driven by Lower Sales Volume
Heavy Materials Annual Results Driven by Lower Sales Volume Revenue1 Operating Earnings In millions In millions $1,466 $1,439 FISCAL 2025 CEMENT $351 Sales volume -5% $311 Net sales prices +4% FY2024 FY2025 FY2024 FY2025 1 Includes Cement, Concrete and Aggregates and Cement Intersegment revenue,
Slide 9: Light Materials Annual Results Driven by Higher Wallboard Sales Prices and Record Recycled Paperboard
Light Materials Annual Results Driven by Higher Wallboard Sales Prices and Record Recycled Paperboard Sales Volume Revenue Operating Earnings In millions In millions $969 $941 FISCAL 2025 Wallboard net sales $389 prices up 1% $366 Record Recycled Paperboard sales volume, up 5% FY2024 FY2025 FY20
Slide 10: Continued Healthy Cash Flow Generation and Disciplined Capital Allocation
Continued Healthy Cash Flow Generation and Disciplined Capital Allocation Fiscal Year ended March 31, In millions 2024 2025 Operating Cash Flow1 $564 $549 Capex, net (120) (195) Free Cash Flow $444 $354 Acquisition Spending (55) (175) Dividends Paid (35) (34) Share Repurchases (343) (298) Change in
Slide 11: Capital Structure Provides Significant Financial Flexibility
Capital Structure Provides Significant Financial Flexibility Net Debt-to-Cap Net Debt to Adjusted EBITDA1 45% 46% 1.5x 1.3x 3.31.24 3.31.25 3.31.24 3.31.25 1 Net Debt to Adjusted EBITDA is defined as Net Debt divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA and Adjusted EBITDA are non-GAAP fi
Slide 12: Question & Answer
E Eagle Materials Question & Answer
Slide 13: Thank you for participating in today's conference call webcast
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.
Slide 14: Appendix
E Eagle Materials Appendix
Slide 15: Reconciliation of EBITDA and Adjusted EBITDA
Reconciliation of EBITDA and Adjusted EBITDA We present Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Fiscal Year ended Fiscal Year ended Adjusted EBITDA to provide additional measures of March 31, 2024 March 31, 2025 operating performance and allow for more consistent
Slide 16: Reconciliation of Net Debt to Adjusted EBITDA
Reconciliation of Net Debt to Adjusted EBITDA As of As of GAAP does not define “Net Debt” and it should not be considered as an alternative to debt as defined by March 31, 2024 March 31, 2025 GAAP. We define Net Debt as total debt minus cash and cash equivalents to indicate the amount of total In mi