Martin Marietta Materials : September 2023 Discussion Materials
September 18, 2023 at 12:03 pm EDT
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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
3
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.
4
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
5
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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.
Martin Marietta Materials, Inc. is America's 2nd largest producer of granulates and construction materials. Net sales break down by family of products as follows:
- granulates and construction materials (94.5%): granulates (58.7% of net sales), ready mixed concretes (21.9%), road surfacing materials and asphalts (9.9%) and cement (9.5%);
- magnesium-based chemical products (5.5%): intended for industrial, agricultural and environmental applications. The group also proposes dolomitic chalks for the steel industry.
The United States accounts for 98.6% of net sales.
MARTIN MARIETTA MATERIALS, INC. 
