Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q1 2024 Earnings Presentation
14 slides from Vulcan Materials Company (holding Company)'s earnings presentation, May 2, 2024
Slide 1: Enhancing Our Core, Expanding Our Reach
Enhancing Our Core, Expanding Our Reach 1Q 2024 SUPPLEMENTAL INFORMATION MAY 2, 2024 1
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: 1Q 2024 Highlights
1Q 2024 Highlights Strong execution drives margin expansion Widespread Strong execution Aggregates is a Earnings growth Financial strength pricing growth of strategic price/cost winner and disciplined and flexibility to continues disciplines through the cycle capital continue to grow delivers manage
Slide 4: 1Q 2024 Key Performance Indicators – Aggregates
1Q 2024 Key Performance Indicators – Aggregates Continued pricing momentum and solid execution drive strong improvement in unit profitability Volume 48.1M tons, -7% Freight-Adjusted Price Cash Gross Profit* $20.59/ton, +10% $8.86/ton, +10% Cash Cost of Sales* $11.73/ton, +10% *Non-GAAP measure. See
Slide 5: Aggregates Pricing
Aggregates Pricing Pricing environment remains healthy across our footprint Trailing-Twelve Months Freight-Adjusted Price $19.42 $19.02 $18.47 $17.78 $17.11 $16.41 $15.93 $15.43 $15.07 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 5
Slide 6: 1Q 2024 Key Performance Indicators – Downstream
1Q 2024 Key Performance Indicators – Downstream Double-digit cash unit profitability improvement in asphalt and concrete Volume 2.1M tons, +3% Cash Gross Asphalt Profit* $6.31/ton, Average Sales Price +34% $77.83/ton, +6% Volume Cash Gross 0.8M cyds, -54% Concrete Profit* Average Sales Price $11.30/
Slide 7: Financial Position
Financial Position Well positioned for continued growth Net Debt to Weighted-Average Weighted-Average Return on Invested Adjusted EBITDA* Debt Maturity Interest Rate Capital* 1.5x 11 years 4.8% 16.3% *Non-GAAP measure. See appendix for reconciliation. 7
Slide 8: 2024 Outlook
2024 Outlook Reaffirm Outlook for Double-Digit Earnings Growth Positive pricing fundamentals coupled with the compounding Adjusted EBITDA* benefits of our operating $2.15 to $2.30 execution will drive another year billion of strong earnings growth +11% organic growth Demand growth in public offset a
Slide 9: Serving the Right U.S. Markets
Serving the Right U.S. Markets Well positioned to capture U.S. market opportunities 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 growing markets served by Of Infrastructure Vulcan operations Inves
Slide 10: Competing and Winning, Locally
Competing and Winning, Locally Strengthening existing capabilities to drive the next horizon of growth and profitability VWS VWO The Vulcan Way of Selling The Vulcan Way of Operating Commercial Logistics Operational Strategic Excellence Innovation Excellence Sourcing 10
Slide 11: Proven Track Record of Our Aggregates-led Business
Proven Track Record of Our Aggregates-led Business Best-in-class execution leads to resiliency and durability regardless of macro challenges Trailing-Twelve Months Aggregates Cash Gross Profit / Ton* $9.66 $8.17 $7.40 $7.22 $6.82 $6.39 $6.03 1Q 2018 1Q 2019 1Q 2020 1Q 2021 1Q 2022 1Q 2023 1Q 2024 *N
Slide 12: Well Positioned for Continued Growth and Value Creation
Well Positioned for Continued Growth and Value Creation Durable Business Industry Leader with Strong Cash Flow Model to Extend the Clear Competitive Generation and Cycle and Sustain Advantages Investment-Grade Growth Balance Sheet 12
Slide 13: Durable Growth, The Vulcan Way
Durable Growth, The Vulcan Way Our commitment to excellence starts with our people 13
Slide 14: 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
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