Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q4 2025 Earnings Presentation
11 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Feb 17, 2026
Slide 1: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way 4Q 2025 SUPPLEMENTAL INFORMATION February 17, 2026
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: 2025 Highlights
2025 Highlights Another year of strong earnings growth and margin expansion Solid top-line Aggregates Vulcan Way of Consistent Robust cash growth driven by Selling and execution delivers generation organic pricing Volume +3% Operating drive compounding underpinned by improvement in Mix-Adj. Price +6
Slide 4: Financial Position and Capital Allocation
Financial Position and Capital Allocation Strong cash generation coupled with disciplined capital management drives shareholder value $1,813M $678M Net Cash Provided by Invested in maintenance and growth Operating Activities projects, including greenfields $438M Returned capital to shareholders 1.9x
Slide 5: Contract Awards in Vulcan Markets Outpacing Other Markets
Contract Awards in Vulcan Markets Outpacing Other Markets Vulcan Vulcan Vulcan Vulcan Markets Markets Markets Markets +24% +27% (2%) (2%) Other Markets Other Markets Other Markets Other Markets (7%) (10%) (5%) (5%) U.S. U.S. U.S. U.S. +7% +8% (3%) (3%) Highways Other Infrastructure Private Nonreside
Slide 6: Highway Construction Pipeline Supports Continued Public Growth in 2026 and Beyond
Highway Construction Pipeline Supports Continued Public Growth in 2026 and Beyond Federal and State Budgets Contract Awards State Funding >85% +10% +24% Federal funds Vulcan top 10 states Vulcan markets obligated increase in fiscal year increase in trailing- 2026 capital plans twelve month >50% cont
Slide 7: Vulcan Markets Well Positioned for Continued Growth in Data Centers
Vulcan Markets Well Positioned for Continued Growth in Data Centers Under Construction Announced Size of the circles indicate estimated square footage to date. Square footage of some projects not yet available. Source: Arterio 4Q 2025 Supplemental Information 7 February 17, 2026
Slide 8: 2026 Outlook
2026 Outlook Aggregates volume growth of 1% to 3% supported by continued strength in public construction activity and improving private demand Adjusted EBITDA* Aggregates pricing growth of $2.4 to $2.6 billion 4% to 6% coupled with a low-single digit increase in unit cash cost drives another year of
Slide 9: 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 10: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence 4Q 2025 Supplemental Information 10 February 17, 2026
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations EBITDA Return on Invested Capital EBITDA is an acronym for "Earnings Before Interest, Taxes, Depreciation and Amortization". Generally Accepted Accounting Principles (GAAP) We define "Return on Invested Capital" (ROIC) as Adjusted EBITDA for the trailing-twelve months divide
Vulcan Materials Company — Q4 2025 Earnings Presentation on 6ix