Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q2 2025 Earnings Presentation
12 slides from Martin Marietta Materials's earnings presentation, Aug 7, 2025
Slide 1: Q2 2025 Supplemental Information
Q2 2025 SUPPLEMENTAL INFORMATION* August 7, 2025 * 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 a
Slide 3: Q2 2025 Results
Q2 2025 RESULTS FINANCIAL HIGHLIGHTS AGGREGATES SHIPMENTS AGGREGATES AVERAGE SELLING PRICE (ASP) (Tons in Millions) (Per Ton) $1.81B $328M 53 -0.6% 53 +7.4% Revenues Net Earnings Attributable to $21.61 $23.21 +3% y-o-y Martin Marietta 12% y-o-y1 $630M 35% Adjusted EBITDA2 Adjusted EBITDA Margin2 +8%
Slide 4: 2025 Guidance Summary at the Midpoint
2025 GUIDANCE SUMMARY AT THE MIDPOINT CONSOLIDATED FULL YEAR 2025 GUIDANCE1 COMMENTARY $6.97B $1.14B $2.30B • Raised full-year 2025 Adjusted EBITDA3 of $2.30B at the midpoint reflects year-to-date results, July 2025 shipment Revenues Net Earnings Attributable Adjusted +7% To Martin Marietta EBITDA3
Slide 5: Asset Exchange Overview
ASSET EXCHANGE OVERVIEW KEY TRANSACTION TERMS EXCHANGED ASSETS • Martin Marietta to receive select Quikrete aggregate assets that produce ~20 million tons per annum, $450 million of cash and an aggregates supply agreement in North Acquisitions Divestitures Texas • Quikrete to receive the Midlothian
Slide 6: 2025 End Market Outlook
2025 END MARKET OUTLOOK INFRASTRUCTURE NONRESIDENTIAL RESIDENTIAL + Infrastructure Investment + Data centers − Single-family housing and Jobs Act − Warehouses − Multi-family housing + Record state Department of Transportation budgets − Light nonresidential + State and local ballot − Manufacturing in
Slide 7: Infrastructure Investment and Jobs Act (IIJA) Update Through June 30, 2025
INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) UPDATE THROUGH JUNE 30, 2025 TOTAL HIGHWAY & BRIDGE FUNDS CUMULATIVE OBLIGATIONS CUMULATIVE STATE REIMBURSEMENTS ~$350B $215B $139B 29% of Total 62% of Total 40% of Total $1.2 Trillion IIJA Highway & Bridge Funds Highway & Bridge Funds THREE YEARS INTO T
Slide 8: ...Indicating Robust Multi-Year Tailwinds for This Countercyclical End Market
…INDICATING ROBUST MULTI-YEAR TAILWINDS FOR THIS COUNTERCYCLICAL END MARKET ($ in Billions) Long tail from IIJA will be enhanced with incremental funds from an expected successor infrastructure bill $63 $58 $53 $49 $42 $24 $16 $15 $11 $9 $7 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 & Be
Slide 9: Capital Markets Day
CAPITAL MARKETS DAY Wednesday, September 3, 2025 | Mandarin Oriental Hotel, NYC Join WARD NYE, Chair, President and Chief Executive Officer, MICHAEL PETRO, Senior Vice President and Chief Financial Officer And other members of our senior leadership team as we highlight our SOAR 2030 growth strategy
Slide 10: Appendix
DRMe APPENDIX
Slide 11: Adjusted EBITDA
ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Earnings before interest; income taxes; depreciation, Ended Ended Jun 30, 2025 Jun 30, 2024 depletion and amortization expense; the earnings/loss from nonconsolidated equity affiliates; Net earnings attributable to Martin Marietta $328 $294 acq
Slide 12: 2025 Adjusted EBITDA Guidance at the Midpoint
2025 ADJUSTED EBITDA GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2025 Earnings before interest; income taxes; depreciation, (Midpoint Guidance) 1 depletion and amortization expense; the Net earnings attributable to Martin Marietta $1,140 earnings/loss from nonconsolidated equity affili
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