Vulcan Materials Company (holding Company) · NYSE:VMC
Vulcan Materials Company (holding Company) — Q2 2024 Earnings Presentation
15 slides from Vulcan Materials Company (holding Company)'s earnings presentation, Aug 6, 2024
Slide 1: Enhancing Our Core, Expanding Our Reach
Enhancing Our Core, Expanding Our Reach 2Q 2024 SUPPLEMENTAL INFORMATION AUGUST 6, 2024
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 2024 Highlights
2Q 2024 Highlights Strong execution in aggregates drove margin expansion Consistent Aggregates is a Widespread Earnings growth Financial strength execution of price/cost winner pricing growth and disciplined and flexibility to strategic through the cycle continues capital allocation continue to grow
Slide 4: 2Q 2024 Key Performance Indicators – Aggregates
2Q 2024 Key Performance Indicators – Aggregates Pricing momentum and operational execution continued to drive strong improvement in unit profitability Volume 60.1M tons, -5% Freight-Adjusted Price Cash Gross Profit* $21.00/ton, +12% $10.92/ton, +12% Cash Cost of Sales* $10.08/ton, +13% *Non-GAAP mea
Slide 5: Aggregates Pricing
Aggregates Pricing Pricing environment remains healthy across our footprint Trailing-Twelve Months Freight-Adjusted Price $20.04 $19.42 $19.02 $18.47 $17.78 $17.11 $16.41 $15.93 $15.43 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 5
Slide 6: 2Q 2024 Key Performance Indicators – Downstream
2Q 2024 Key Performance Indicators – Downstream Pricing growth continues in both asphalt and concrete Asphalt Volume 4.0M tons, flat Cash Gross • Strong shipments in California offset by lower Profit* shipments in weather-impacted Texas $17.57/ton, Average Sales Price • Widespread pricing growth con
Slide 7: Capital Allocation Priorities
Capital Allocation Priorities Strong cash generation coupled with disciplined capital management drives shareholder value Invested in Deployed capital Returned capital Returned capital maintenance and for acquisitions to shareholders to shareholders growth capital, and strategic through through divi
Slide 8: 2024 Outlook
2024 Outlook Earnings growth underpinned by uniquely positioned aggregates business Positive pricing fundamentals coupled with the compounding Adjusted EBITDA* benefits of our operating $2.00 to $2.15 execution will drive another year billion of earnings growth +3% organic growth Demand growth in pu
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* $9.96 $8.65 $7.27 $7.45 $6.98 $6.56 $6.03 2Q 2018 2Q 2019 2Q 2020 2Q 2021 2Q 2022 2Q 2023 2Q 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: Sustainability with a Value-Creation Mindset
Sustainability with a Value-Creation Mindset Focus is on environmental, social and governance priorities material to our business Health & Safety People 91% of Vulcan facilities with zero > 114,500 training hours lost-time injuries completed 6% reduction in injuries per 200 bps increase in employee
Slide 15: 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" and excludes discontinued operations. GAAP does Aggregates segment cash gross profit adds back noncash charges for dep
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