Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q2 2026 Earnings Presentation
17 slides from Martin Marietta Materials's earnings presentation, Jul 30, 2026
Slide 1: Q2 2026 Supplemental Information
Q2 2026 SUPPLEMENTAL INFORMATION* July 30, 2026 * All information provided in these slides is qualified in its entirety by reference to the Company's filings with the Securities and Exchange Commission (SEC), which are available on both the Company’s and the SEC’s websites
Slide 2: Statement Regarding Safe Harbor for Forward-Looking Statements
Statement Regarding Safe Harbor for Forward-Looking Statements This material contains forward-looking statements under the federal securities laws, including the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties and are based on assumptions that the Company believ
Slide 3: Q2 2026 Continuing Operations Highlights
Q2 2026 CONTINUING OPERATIONS HIGHLIGHTS Second-Quarter Records: ✓ Revenues1 (+21%) ✓ Adjusted EBITDA from Continuing Operations2 (+13%) $1.9B $638M Revenues1 Adjusted EBITDA +21% y-o-y from Continuing All-Time Quarter Records: Operations2 ✓ Aggregates Revenues1 (+16%) +13% y-o-y ✓ Aggregates Shipme
Slide 4: 2026 Continuing Operations Guidance Summary
2026 CONTINUING OPERATIONS GUIDANCE SUMMARY Reaffirming Raising Adjusted EBITDA from Revenue Guidance Continuing Operations1 Guidance $7.30B $2.43B Mid Point Mid Point 1. Adjusted EBITDA from Continuing Operations is a Non-GAAP financial measure; see Appendix for reconciliation to nearest GAAP measu
Slide 5: Lhoist North America Combination Expected to Establish MLM as Nation's Leading Producer of Lime and Limestone
LHOIST NORTH AMERICA COMBINATION EXPECTED TO ESTABLISH MLM AS NATION’S LEADING PRODUCER OF LIME AND LIMESTONE… TRANSACTION HIGHLIGHTS ✓ #1 Lime producer in the United States ✓ Irreplicable, high-quality reserve base ✓ Strategically growth markets located in key Sun Belt ✓ Recurring revenues (+50% co
Slide 6: With Industry Leading Margins and a Highly Attractive Combined Financial Profile
…WITH INDUSTRY LEADING MARGINS AND A HIGHLY ATTRACTIVE COMBINED FINANCIAL PROFILE Gross Revenues Adj. EBITDA from Adj. EBITDA from FCF Conversion1 Continuing Operations1 Continuing Operations Margin1 +25% $9.1B +36% $3.3B +290bps 36% +450bps 81% $7.3B $2.4B +309% $2.4B $0.6B 33% 76% $6.7B $6.8B Spec
Slide 7: Lime Delivers Resilient Through-Cycle Performance
LIME DELIVERS RESILIENT THROUGH-CYCLE PERFORMANCE… U.S. Aggregates Production Tons Variance Since 2006 Peak MLM Woodville Lime Shipments Variance to 2006 Shipments Aggregates PPI MLM Woodville Lime ASP 2006 – 2025 CAGR +4.8% 2006 – 2025 CAGR +5.2% +2% (25%) (7%) (37%) 2006 2010 2025 2006 2010 2025 P
Slide 8: With Continued Momentum Q2 2026
…WITH CONTINUED MOMENTUM Q2 2026 Woodville Lime 1% Shipment y-o-y growth 4% ASP y-o-y growth 5% Mix-Adjusted ASP y-o-y growth 7% Gross Profit y-o-y growth Woodville Lime and Stone, Woodville, Ohio Q2 2026 Supplemental Information 8
Slide 9: Adjusted EBITDA Continues Compounding at a Double-Digit Rate, Despite Significant Divestitures
ADJUSTED EBITDA CONTINUES COMPOUNDING AT A DOUBLE-DIGIT RATE, DESPITE SIGNIFICANT DIVESTITURES PORTFOLIO ROTATION SUSTAINED ADJUSTED EBITDA GROWTH Cement and Concrete Aggregates and Specialties Divestitures Acquisitions 10% $2.43B CAGR 2026 2026 ◊ Midlothian Cement / North and ◊ New Frontier Materia
Slide 10: End Use Outlook
END USE OUTLOOK Q2 2026 Supplemental Information 10
Slide 11: 2026 End Market Outlook
2026 END MARKET OUTLOOK INFRASTRUCTURE NONRESIDENTIAL RESIDENTIAL Infrastructure Investment and Jobs Act (IIJA) 44% Cumulative State Reimbursements ~$350B Remaining Funding 56% to be Invested Six data center projects in the Kansas City Region are currently supplied by Martin Marietta’s differentiate
Slide 12: Footprint Aligned with Attractive Infrastructure and Industrial Growth Markets
FOOTPRINT ALIGNED WITH ATTRACTIVE INFRASTRUCTURE AND INDUSTRIAL GROWTH MARKETS Reindustrialization Occurring Uniquely in Our Footprint +70% 80% Within Data Centers1 Warehouses2 55 Miles of a 70% 50% Martin Marietta Facility Manufacturing1 Energy3 Well positioned to capitalize on durable infrastructu
Slide 13: Appendix
APPENDIX Q2 2026 Supplemental Information 13
Slide 14: Adjusted EBITDA from Continuing Operations
ADJUSTED EBITDA FROM CONTINUING OPERATIONS Three Months Three Months Earnings from continuing operations before interest; income taxes; depreciation, Ended Ended depletion and amortization; earnings/loss $ in Millions Jun 30, 2026 Jun 30, 2025 from nonconsolidated equity affiliates; Net earnings fro
Slide 15: Consolidated Adjusted EBITDA
CONSOLIDATED ADJUSTED EBITDA Earnings before interest; income taxes; Year Ended depreciation, depletion and amortization Dec 31, 2021 expenses; earnings/loss from nonconsolidated $ in Millions equity affiliates; acquisition, divestiture and Consolidated net earnings attributable to Martin Marietta $
Slide 16: Full-Year 2026 Adjusted EBITDA from Continuing Operations Guidance
FULL-YEAR 2026 ADJUSTED EBITDA FROM CONTINUING OPERATIONS GUIDANCE Year Ended Earnings from continuing operations before interest; income taxes; depreciation, Dec 31, 2026 depletion and amortization; earnings/loss $ in Millions (Midpoint Guidance)1 from nonconsolidated equity affiliates; acquisition
Slide 17: Adjusted Earnings per Diluted Share from Continuing Operations
ADJUSTED EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS Adjusted earnings per diluted share from Three Months continuing operations is a non-GAAP financial Ended measure used by the Company and by investors Dollars per Diluted Share Jun 30, 2026 to evaluate operating performance and enhance c
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