Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q1 2020 Earnings Presentation
10 slides from Vulcan Materials Company (holding Company)'s earnings presentation, May 6, 2020
Slide 1: 1Q 2020 Supplemental Information for Earnings Conference Call
1Q 2020 SUPPLEMENTAL INFORMATION FOR EARNINGS CONFERENCE CALL May 6, 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: First Quarter Highlights
First Quarter Highlights Results in line with expectations. Earnings improvement in each segment Total Revenues $1.05 billion, +5% Operating Earnings $112 million, +8% EPS Continuing Operations $0.45 per diluted share (1) Aggregates Gross Profit $194 million, +5% Return on Invested Capital* +110 bas
Slide 4: First Quarter Key Performance Indicators – Aggregates
First Quarter Key Performance Indicators – Aggregates Solid execution despite wet weather in certain key markets in the Southeast and Southwest Volume Freight-Adjusted Price (millions of tons) ($/ton) • CA, FL, IL and VA realized solid -1% +4.5% $14.39 growth in volumes 45.6 45.0 $13.77 • On a mix-a
Slide 5: First Quarter Key Performance Indicators – Asphalt and Concrete
First Quarter Key Performance Indicators – Asphalt and Concrete Non-Aggregates results consistent with the Company’s expectations Asphalt Volume Asphalt Price Asphalt Gross Profit (millions of tons) ($/ton) ($ in millions) • Liquid asphalt unit cost 6% 2019 2020 +2% 2.1 +5% $58.51 lower than prior y
Slide 6: Capital Allocation and Financial Position
Capital Allocation and Financial Position Already strong liquidity position enhanced Million 2.2x Total Debt to TTM Adjusted EBITDA* $750 Revolving credit facility Million 2.1x Net Debt to TTM Adjusted EBITDA* $750 364-day delayed draw term loan facility Years Million 14 Weighted-Average Maturity of
Slide 7: COVID-19 Response
COVID-19 Response Remain focused on executing on what we can control Maintaining the safety and well-being of our employees Serving our customers reliably and meeting their shifting needs Vulcan’s products and Assisting our communities to recover from the impact of the pandemic services continue to
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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