Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Merger or Acquisition (June 2026)
17 slides from Martin Marietta Materials's merger presentation, Jun 29, 2026
Slide 1: Martin Marietta to Combine with Lhoist North America
MARTIN MARIETTA TO COMBINE WITH LHOIST NORTH AMERICA June 29, 2026
Slide 2: Statement Regarding Safe Harbor for Forward-Looking Statements
Statement Regarding Safe Harbor for Forward-Looking Statements This material contains forward-looking statements under the federal securities laws, including the Private Securities Litigation Reform Act of 1995. These statements include: the expected timing and closing requirements for completing th
Slide 3: Combination Creates the Clear U.S. Leader Across Aggregates, Lime and Industrial Minerals
Combination Creates the Clear U.S. Leader Across Aggregates, Lime and Industrial Minerals Differentiated and irreplicable upstream materials platform 1 positioned for through-cycle, profitable growth Highly complementary footprint in key Southeast and Southwest 2 geographies with attractive exposure
Slide 4: Transaction Overview
Transaction Overview • $13.5 billion enterprise value Transaction • Consideration Mix: $7.0 billion cash (subject to customary adjustments); $6.5 billion common stock Economics • Approximately 15x 2025A LNA Adjusted EBITDA* including annual run-rate cost synergies1 • Expected to be accretive2 to ear
Slide 5: Lhoist North America At-a-Glance
Lhoist North America At-a-Glance Investment Highlights $1.8B $786M 45% 94% ✓ #1 Lime Producer in Gross Revenues Adj. EBITDA* Adj. EBITDA Margin* FCF Conversion* the United States ✓ Irreplicable, high- Diversified End Size and Scale quality reserve base Market Exposure ✓ Strategically located Pulp &
Slide 6: Lime Demonstrates "Aggregates-Like" Characteristics
Lime Demonstrates “Aggregates-Like” Characteristics Value Drivers… …Compounding Performance Depleting Natural Resources Secular and Compelling Price/Cost Dynamics Price Index (as of 2000) Lime, PPI Aggregates, PPI CPI Capital and Permitting Requirements +328% +230% Transportation Advantages +90% Lim
Slide 7: Core Competency Alignment Through Value Chain
Core Competency Alignment Through Value Chain… Resource Development & Extraction Production Sales Quality Reserve Mining Raw Material Lime Manufacturing Distribution Development Operations Processing And Conversion Mode Lime Product Industrial Minerals Aggregates 7
Slide 8: Expanded Exposure to Diversified End Uses
…With Expanded Exposure to Diversified End Uses Infrastructure Industrial Processes Environment & Food Highways & Non-Ferrous Flue Gas Building Steel Pulp & Paper Water Agriculture Mega Projects Metals Treatment End Markets & Applications Improves soil Input for bricks Core process Functional and pH
Slide 9: Complementary Product Offering and Distribution Network Across Key Sun Belt Geographies
Combination Provides Complementary Product Offering and Distribution Network Across Key Sun Belt Geographies Extend Reach to End Customer Through Combined Distribution MLM Lhoist N.A. Network Building Materials Specialties Distribution Terminals 9
Slide 10: Compelling Cost Synergies and Incremental Upside from Commercial and Operational Opportunities
Compelling Cost Synergies and Incremental Upside from Commercial and Operational Opportunities Additional Upside Potential from Commercial Platform Optimization and Operational Opportunities • Procurement scale • Unlock full potential of the combined reserve base • Operational efficiencies • Differe
Slide 11: Highly Attractive Combined Financial Profile with Industry Leading Margins
Highly Attractive Combined Financial Profile with Industry Leading Margins Gross Revenues Adj. EBITDA* Adj. EBITDA Margin* FCF Conversion* +28% $9.1B +38% $3.4B +270bps 37% +450bps 81% $7.2B $2.3B +306% $2.4B $0.6B 76% 34% $6.6B $6.8B Specialties Building Materials Combined Combined Combined Combine
Slide 12: Key Takeaways
Key Takeaways 1 2 3 4 Advances SOAR 2030 Establishes a Highly Positions combined objective to build a differentiated complementary company as national complementary, upstream materials operations in key champion of critical specialty products franchise with geographies leverage infrastructure and in
Slide 13: Q&A
Q&A
Slide 14: Appendix
Martin Marietta
Slide 15: Combined and Non-GAAP Financial Measures
Combined and Non-GAAP Financial Measures Martin Marietta uses non-GAAP measures to evaluate the Company’s operating performance from period to period. Management believes these non-GAAP measures are commonly used by investors to evaluate the Company’s performance and, when read in conjunction with t
Slide 16: MLM: Full-year 2026 Adjusted EBITDA and Adjusted EBITDA Margin
MLM: Full-year 2026 Adjusted EBITDA and Adjusted EBITDA Margin Year Ended Dec 31, 2026 $ in Millions (Midpoint Guidance)1 Net earnings from continuing operations attributable to Martin Marietta $1,115 Add back: Interest expense, net of interest income 200 Income tax expense for controlling interests
Slide 17: Lhoist North America: Reconciliation of Net Earnings to Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow Conversion
Lhoist North America: Reconciliation of Net Earnings to Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow Conversion $ in Millions 2025A Net income $516 Add back: Interest expense, net of interest income 39 Income tax expense 129 Depreciation, depletion and amortization expense 76 Group ove
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