Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q3 2025 Earnings Presentation
12 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Oct 30, 2025
Slide 1: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way 3Q 2025 SUPPLEMENTAL INFORMATION October 30, 2025
Slide 2: Safe Harbor and Non-GAAP Financial Measures
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 future financial performance
Slide 3: Culture of Continuous Improvement
Culture of Continuous Improvement Aggregates-led business focused on commercial and operational execution delivers compounding results Total Aggregates Aggregates Adjusted Adjusted Revenues Cash Gross Gross Profit EBITDA* EBITDA Third Profit per Ton* Margin Margin* Quarter $2,292M $11.84 34.2% $735M
Slide 4: Financial Position and Capital Allocation
Financial Position and Capital Allocation Strong balance sheet profile supports continued execution of two-pronged growth strategy $1,710M $655M Net Cash Provided by Investments in maintenance and Operating Activities growth projects, including greenfields $2,068M Capital deployed for strategic acqu
Slide 5: Public Construction
Public Construction Contract awards in Vulcan markets outpacing other markets September 30, 2024 March 31, 2025 September 30, 2025 U.S. +1% U.S. +7% U.S. +10% Vulcan Markets Vulcan Markets Vulcan Markets +3% +10% +17% Other Markets Other Markets Other Markets flat +4% +5% Sources: Dodge trailing-twe
Slide 6: Private Construction
Private Construction Improving nonresidential outlook with potential return to growth in 2026 September 30, 2024 March 31, 2025 September 30, 2025 Private NR Private NR Private NR U.S. (18%) U.S. (8%) U.S. +4% Vulcan Markets (23%) Vulcan Markets (10%) Vulcan Markets +7% Other Markets (10%) Other Mar
Slide 7: Outlook
Outlook 2025 2026 Adjusted EBITDA* of $2.35B to $2.45B Preliminary Outlook • Aggregates shipments are up 3 percent through • Continued strength in public construction the third quarter, and full year shipments should activity and an improving private nonresidential reflect similar year-over-year gro
Slide 8: Uniquely Positioned, High Quality Construction Materials Business
Uniquely Positioned, High Quality Construction Materials Business Largest and most profitable U.S. aggregates business with attractive growth prospects 60% 90% Population living Revenues tied to within 50 miles of markets where Vulcan operation Vulcan has a #1 or #2 position 35 of top 50 67% Fastest
Slide 9: Enhancing Our Core and Expanding Our Reach
Enhancing Our Core and Expanding Our Reach Strengthening existing capabilities to drive the next horizon of growth and profitability Aggregates Price Growth 2017 = 100 VMC Peer Average VMC +63% Industry +52% Peers +46% 2017 2018 2019 2020 2021 2022 2023 2024 Aggregates Cash Gross Profit / Ton** VMC
Slide 10: Enhancing Our Core and Expanding Our Reach
Enhancing Our Core and Expanding Our Reach Aggregates-led strategy drives best-in-class growth with less through-cycle risk U.S. Aggregates Share of Revenue Growth EBITDA Growth Operating Cash Flows Total Revenues Growth VMC 76% VMC 10% VMC 13% VMC 12% MLM 67% MLM 6% MLM 11% MLM 9% CRH 8% CRH 7% CRH
Slide 11: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence 11
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations EBITDA is an acronym for "Earnings Before Interest, Taxes, Depreciation and Amortization". Generally Accepted Accounting Principles (GAAP) Aggregates Segment Cash Gross Profit and Cash Cost of Sales does not define EBITDA and it should not be considered as an alternative to
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