MARTIN MARIETTA
DISCUSSION MATERIALS
SEPTEMBER 2023
COMPANY OVERVIEW
MARTIN MARIETTA AT A GLANCE
MLM OVERVIEW
GEOGRAPHIC FOOTPRINT
9,400 +
Employees
2 CementPlants
38 AsphaltPlants
300 + AggregatesQuarries, Mines & Yards
90 + Ready Mixed
Concrete
Plants
2 MagnesiaSpecialties
Facilities
Aggregates |
Cement |
Asphalt |
Ready Mix |
FINANCIAL HIGHLIGHTS
$6.8B1 | $1.10B1 | $2.05B1 | 2.1x2 |
Total | Net Earnings from | Adj. EBITDA | Net Leverage |
Revenues | Cont. Ops attributable to | Ratio | |
Martin Marietta |
Note: For continuing operations
- Reflects the midpoint of MLM 2023 guidance. See Appendix for Adj. EBITDA calculation.
- Reflects Net Leverage Ratio for the 12-month period July 1, 2022 to June 30, 2023. See Appendix for Net Leverage Ratio calculation
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DIFFERENTIATED AGGREGATES-LED BUSINESS
90%
OF FY22 TOTAL CONSOLIDATED GROSS PROFIT
AGGREGATES-LED | STRATEGIC CEMENT | MAGNESIA SPECIALTIES | ||||||||||
Leading aggregates | Leading cement position | Leading producer of | ||||||||||
positions in 90% | in the nation's largest | magnesia-based chemicals | ||||||||||
of markets | cement market | and dolomitic lime | ||||||||||
Secular pricing growth coupled | Texas cement pricing CAGR of | Complementary, high-margin | ||||||||||
with resilient infrastructure | 7.1% since 2013, similar to | business with sustainable earnings | ||||||||||
demand through cycles | aggregates business | that moderates heavyside demand | ||||||||||
cyclicality | ||||||||||||
UPSTREAM | MATERIALS | |||||||||||
Note: Selling price is established locally at the point of sale and is subject to competitive and other factors at each locality. ASP increases reflect the average of the Company's
selling price across all regions, some of which may have already been implemented. Local prices can vary significantly from this average.
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UPSTREAM MATERIALS PRICING STRENGTH
AGGREGATES PRICING GROWTH
20.3%
13.7%
7.2%
1H 2022 | 2H 2022 | 1H 2023 |
TEXAS CEMENT PRICING GROWTH
Implied 2H
Guidance Midpoint
16.8%
2H 2023
26.5% 21.0%
13.5%
1H 2022 | 2H 2022 | 1H 2023 |
Note: For continuing operations
Implied 2H
Guidance Midpoint
18.0%
2H 2023
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Martin Marietta Materials Inc. published this content on 18 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2023 16:02:04 UTC.