Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q3 2024 Earnings Presentation
12 slides from Martin Marietta Materials's earnings presentation, Oct 30, 2024
Slide 1: Q3 2024 Supplemental Information
Q3 2024 SUPPLEMENTAL INFORMATION* October 30, 2024 * All information provided in these slides is qualified in its entirety by reference to the Company's filings with the Securities and Exchange Commission (SEC), which are available on both the Company’s and the SEC’s websites.
Slide 2: Statement Regarding Safe Harbor for Forward-Looking Statements
Statement Regarding Safe Harbor for Forward-Looking Statements Investors are cautioned that all statements herein that relate to the future involve risks and uncertainties, and are based on assumptions that the Company believes in good faith are reasonable but which may be materially different from
Slide 3: Executive Summary
Battin EXECUTIVE SUMMARY Marietta
Slide 4: Q3 2024 Results
Q3 2024 RESULTS FINANCIAL HIGHLIGHTS AGGREGATES SHIPMENTS AGGREGATES AVERAGE SELLING PRICE (ASP) (Tons in Millions) (Per Ton) $1,889M $363M 56 -3.9% 54 +7.7% +8.9%1 Revenues Net Earnings from Continuing $19.98 $21.52 $21.74 1 -5% y-o-y Operations Attributable to Martin Marietta -16% y-o-y $646M 34%
Slide 5: 2024 Guidance Summary
2024 GUIDANCE SUMMARY CONSOLIDATED FULL YEAR 2024 GUIDANCE KEY DRIVERS • Revised full-year 2024 Adjusted EBITDA3 of $2.1B at the $6.58B $1.99B $2.07B midpoint reflects weather-impacted year-to-date results and Revenues Net Earnings from Continuing Adjusted -3% Operations Attributable EBITDA3 softeni
Slide 6: End Use Outlook
Battin END USE OUTLOOK Marietta
Slide 7: 2025 End Market Outlook
2025 END MARKET OUTLOOK INFRASTRUCTURE NON-RESIDENTIAL RESIDENTIAL + Infrastructure Investment + Data centers + Single-family housing and Jobs Act (IIJA) − Warehouses − Multi-family housing + Record state Department of Transportation budgets − Manufacturing + State and local ballot − Light nonreside
Slide 8: Severe Weather Case Studies
SEVERE WEATHER CASE STUDIES ORGANIC CEMENT SHIPMENTS TOTAL COMPANY MIDLOTHIAN PLANT AGGREGATES SHIPMENTS Weather-Impacted Q2 2024 Weather-Impacted Q3 2024 Implied Q4 2024 Guidance Q3 2024 (Primarily Dallas-Fort Worth) (Primarily East Division) (Based on October trends) (18%) (4%) (4%) +5% As Compare
Slide 9: Appendix
DRMe APPENDIX
Slide 10: Adjusted EBITDA
ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Ended Ended Sep 30, 2024 Sep 30, 2023 Earnings from continuing operations before Net earnings from continuing operations attributable to interest; income taxes; depreciation, depletion and $363 $430 Martin Marietta amortization expense; the ear
Slide 11: 2024 Adjusted EBITDA Guidance at the Midpoint
2024 ADJUSTED EBITDA GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2024 Year Ended Earnings from continuing operations before Dec 31, 2023 interest; income taxes; depreciation, depletion and (Midpoint Guidance) amortization expense; the earnings/loss from Net earnings from continuing ope
Slide 12: Aggregates Organic Mix-Adjusted Average Selling Price
AGGREGATES ORGANIC MIX-ADJUSTED AVERAGE SELLING PRICE PER TON Three Months Three Months Ended Ended Sep 30, 2024 Sep 30, 2023 Aggregates Reported average selling price $21.52 $19.98 Adjustment for impact of acquisitions 0.27 – Aggregates organic mix-adjusted average selling price (mix-adjusted ASP)
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