Vulcan Materials Company (Holding Company) · NYSE:VMC
Vulcan Materials Company (Holding Company) — Q2 2022 Earnings Presentation
12 slides from Vulcan Materials Company (Holding Company)'s earnings presentation, Aug 4, 2022
Slide 1: Q2 2022 Supplemental Information for Earnings Conference Call
Q2 2022 SUPPLEMENTAL INFORMATION FOR EARNINGS CONFERENCE CALL A UG US T 4 , 2 0 2 2
Slide 2: Disclaimer
Disclaimer Safe Harbor This document 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, results of operations,
Slide 3: Q2 2022 Highlights
Q2 2022 Highlights Strong results reflect pricing momentum and execution in aggregates despite a challenging macro-economic operating environment $1.954 Total Revenues, +44% Billion $450 Adjusted EBITDA*, +11% Million $402 Aggregates Gross Profit, +8% Million $7.99 Aggregates Cash Gross Profit*, +2%
Slide 4: 2Q 2022 Key Performance Indicators – Aggregates
2Q 2022 Key Performance Indicators – Aggregates Strong execution drives unit profitability growth despite significantly higher diesel fuel costs Volume Freight-Adjusted Price Total Cash Cost of Sales* (in millions of tons) ($/ton) ($/ton) 63.8 $16.25 +9% +9% +16% $8.26 58.5 $14.93 $7.10 Q2 '21 Q2 '2
Slide 5: Pricing Momentum – Aggregates
Pricing Momentum – Aggregates As expected, pricing continues to strengthen with growth widespread across geographies Year-over-Year Change in Aggregates Mix-Adjusted Price 12.5% 9.6% 6.9% 4.2% 3.5% 2.6% 1.3% Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Implied 2H '22 Midpoint of Guidance SUPPLEMENTAL I
Slide 6: 2Q 2022 – Asphalt and Concrete
2Q 2022 – Asphalt and Concrete Double digit price growth helps offset higher energy-related costs and other inflationary pressures Asphalt Concrete Change vs. Change vs. Amounts in millions, except average price 2Q 2021 Amounts in millions, except average price 2Q 2021 Volume, tons 3.4 +9% Volume, c
Slide 7: Financial Position
Financial Position Financial strength to sustain and strengthen the business 2.6x Total Debt to TTM Adjusted EBITDA* 2.5x Net Debt to TTM Adjusted EBITDA* Years 11.4 Weighted-Average Maturity of Debt Percent 4.1 Weighted-Average Interest Rate Percent 13.6 Return on Invested Capital* * Non-GAAP measu
Slide 8: End Market Outlook – Residential
End Market Outlook – Residential Total starts remain at high levels with Vulcan markets continuing to outperform other markets Housing Starts* Vulcan Served 1,200,000 Markets +7% YoY 1,000,000 800,000 Other Markets +2% YoY 600,000 400,000 200,000 - JUN '19 JUN '20 JUN '21 JUN '22 Other Markets Vulca
Slide 9: End Market Outlook – Private Nonresidential
End Market Outlook – Private Nonresidential Nonresidential starts are growing again and are now above pre-pandemic levels with Vulcan markets outpacing other markets Private Nonresidential Starts* Vulcan Served 700,000 Markets +20% YoY 600,000 Other Markets 500,000 +12% YoY 400,000 300,000 200,000 1
Slide 10: End Market Outlook – Highways
End Market Outlook – Highways Construction starts have turned positive with visibility to IIJA funding taking hold Year-over-Year Change in Highway Starts* 9% 8% 7% 5% 3% 1% -5% DEC '21 JAN '22 FEB '22 MAR '22 APR '22 MAY '22 JUN '22 * TTM construction starts measured in dollars for the United State
Slide 11: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures 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 char
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Return on Invested Capital We define "Return on Invested Capital" (ROIC) as Adjusted EBITDA for the trailing-twelve months divided by average invested capital (as illustrated below) during the trailing 5-quarters. Our calculation of ROIC is considered a non-GAAP f
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