Vulcan Materials Company (VMC) Investor presentation summary

Strategic positioning and market leadership

• Maintains a leading position in the U.S. aggregates market with 425 operations across 23 states and over 16.6B tons of permitted reserves, serving 60% of the U.S. population within 60 miles of a facility.

• Achieves 90% of revenue from markets where it holds a #1 or #2 aggregates position, with a diversified footprint in high-growth regions.

• Focuses on aggregates as a core business, consistently generating over 90% of gross profit from this segment over the past 20 years.

• Demonstrates high barriers to entry, favorable pricing, and limited product substitution, supporting strong fundamentals and lower risk.

• Leverages an extensive multi-modal distribution network and a robust leadership team to drive continued growth.

Operational excellence and technology

• Implements the Vulcan Way of Selling and Operating, integrating digital tools, process intelligence, and customer portals to enhance efficiency and customer engagement.

• Achieves 75% of tons produced using process intelligence, with over 7,000 plant assets tracked and 11 operations support centers established.

• Drives plant productivity through real-time dashboards, automation, and continuous improvement, resulting in strong cost performance and higher throughput.

• Invests in autonomous technologies, 3D imaging, and telematics to build the quarry of the future and sustain competitive advantages.

• Prioritizes safety excellence and proactive engagement, with a culture of performance and ownership at all levels.

Financial performance and capital allocation

• Reports $7.9B in revenue and $2.3B adjusted EBITDA for 2025, with a 1.9x total debt/EBITDA ratio and 29.3% EBITDA margin.

• Achieves a 45% increase in aggregates cash gross profit per ton since 2022, reaching $11.33/ton in 2025.

• Delivers double-digit earnings growth, margin expansion, and a 16% CAGR in operating cash flow from 2022 to 2025.

• Maintains disciplined capital allocation, investing in growth, acquisitions, and shareholder returns, with $1.44B in share repurchases and $707M in dividends over the last three years.

• Sustains a strong financial position with 13.7 years average debt maturity and a 5.0% weighted average interest rate.