Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q2 2025 Earnings Presentation
13 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Jul 31, 2025
Slide 1: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way 2Q 2025 SUPPLEMENTAL INFORMATION July 31, 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: 2Q 2025 Highlights
2Q 2025 Highlights Strong commercial and operational execution drives continued earnings growth and margin expansion Total Revenues Aggregates Asphalt / Concrete Adjusted EBITDA* Adjusted EBITDA Margin* Volume (1%) Unit Profitability(1): Mix-Adj. Price +8% Asphalt +5% Unit Cash Cost +1% Concrete +30
Slide 4: Continuous Improvement Culture
Continuous Improvement Culture Strong 1H’25 performance on fewer tons reflects underlying strength in business model Aggregates Tons Aggregates Cash Aggregates Cash Adjusted EBITDA* Net Cash Provided Shipped Gross Profit / Ton* Gross Profit by Operating Margin* Activities 107M $11.32 40.6% $1,070M $
Slide 5: Financial Position and Capital Allocation
Financial Position and Capital Allocation Strong cash generation coupled with disciplined capital management drives shareholder value $1,628M $530M Net Cash Provided by Investments in maintenance and Operating Activities growth projects, including greenfields $2,078M Capital deployed for strategic a
Slide 6: Public Construction
Public Construction Highway contract awards in Vulcan markets have accelerated June 30, 2024 Dec 31, 2024 June 30, 2025 U.S. +1% U.S. +7% U.S. +10% Vulcan Markets Vulcan Markets Vulcan Markets (2%) +10% +22% Other Markets Other Markets Other Markets +3% +4% +1% Sources: Dodge trailing-twelve months
Slide 7: Private Construction
Private Construction Looking for signs of an eventual return to growth June 30, 2024 Dec 31, 2024 June 30, 2025 Private NR Private NR Private NR (19%) +1% +5% Residential Residential Residential +5% (3%) (5%) SF growth more than SF still growing MSD MF growth helping offsetting MF while MF remains o
Slide 8: 2025 Outlook
2025 Outlook 1H execution and acceleration in public construction activity reinforce strong earnings growth outlook • July daily shipments up double- digits in attractive Southeastern markets • Acceleration in highway awards $2.35 to $2.55B support 2H volume growth Adjusted EBITDA* • Pricing discipl
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: 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 11: 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 12: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence 12
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations EBITDA Aggregates Segment Cash Gross Profit and Cash Cost of Sales EBITDA is an acronym for "Earnings Before Interest, Taxes, Depreciation and Amortization". Generally Accepted Accounting Principles (GAAP) Aggregates segment cash gross profit adds back noncash charges for de
Vulcan Materials Company — Q2 2025 Earnings Presentation on 6ix