Martin Marietta Materials, Inc. · NYSE:MLM
Martin Marietta Materials — Q3 2025 Earnings Presentation
19 slides from Martin Marietta Materials's earnings presentation, Nov 4, 2025
Slide 1: Q3 2025 Supplemental Information
Q3 2025 SUPPLEMENTAL INFORMATION* November 4, 2025 * 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 Investors are cautioned that all statements herein that relate to the future involve risks and uncertainties and are based on assumptions that the Company believes in good faith are reasonable but which may be materially different from a
Slide 3: Key Messages
KEY MESSAGES Achieved all-time quarterly records for aggregates revenues, profitability and 1 margin Pending strategic asset swap with QUIKRETE to further enhance aggregates 2 platform, margin profile and earnings durability Raising full-year 2025 consolidated Adj. EBITDA guidance, given strong 3 ye
Slide 4: Q3 2025 Results as Reported
Q3 2025 RESULTS AS REPORTED ($ in millions, except per share) Continuing Discontinued Consolidated Operations Operations Results Aggregates, Asphalt & Paving, Arizona Ready Mixed Concrete and Cement and Texas Ready Mixed Concrete Continuing Operations plus Discontinued Operations Specialties $1,846
Slide 5: September 2025 Year-to-Date Results as Reported
SEPTEMBER 2025 YEAR-TO-DATE RESULTS AS REPORTED ($ in millions, except per share) Continuing Discontinued Consolidated Operations Operations Results Aggregates, Asphalt & Paving, Arizona Ready Mixed Concrete and Cement and Texas Ready Mixed Concrete Continuing Operations plus Discontinued Operations
Slide 6: Q3 2025 Highlights
Q3 2025 HIGHLIGHTS FINANCIAL HIGHLIGHTS AGGREGATES SHIPMENTS AVERAGE SELLING PRICE (ASP)3 $1.8B $361M (Tons in Millions) (Per Ton) Revenues1 Net Earnings from Continuing +8.0% +8.0% +12% y-o-y Operations Attributable to Martin Marietta 54 58 +22% y-o-y $21.52 $23.24 $667M 36% Adjusted EBITDA from Ad
Slide 7: Aggregates Growth Engine Positioned for Next Era of Value Creation
AGGREGATES GROWTH ENGINE POSITIONED FOR NEXT ERA OF VALUE CREATION ~400 Aggregates quarries, mines, and yards1 ~85 Years of Reserves based on 2024 Aggregat Aggregates production levels1 es QUIKRETE Aggregates1 1. Reflects number of quarries, mines and yards and years of reserves as of September 30,
Slide 8: 2025 Guidance Summary at the Midpoint
2025 GUIDANCE SUMMARY AT THE MIDPOINT CONTINUING OPERATIONS AND CONSOLIDATED GUIDANCE1 COMMENTARY Raised full-year 2025 Consolidated $6.16B $1.00B $1.16B $2.08B $2.32B Adjusted EBITDA4 of $2.32B at the Revenues Net Earnings from Consolidated Adjusted EBITDA Consolidated midpoint reflects year-to-dat
Slide 9: 2026 End Market Outlook
2026 END MARKET OUTLOOK INFRASTRUCTURE NONRESIDENTIAL RESIDENTIAL + Infrastructure Investment + Data centers − Single-family housing and Jobs Act − Warehouses − Multi-family housing + Record state Department of Transportation budgets − Light nonresidential + State and local ballot − Manufacturing in
Slide 10: Infrastructure Investment and Jobs Act (IIJA) Update Through August 31, 2025
INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) UPDATE THROUGH AUGUST 31, 2025 TOTAL HIGHWAY & BRIDGE FUNDS CUMULATIVE OBLIGATIONS CUMULATIVE STATE REIMBURSEMENTS ~$350B $230B $150B 29% of Total 66% of Total 43% of Total $1.2 Trillion IIJA Highway & Bridge Funds Highway & Bridge Funds THREE YEARS INTO
Slide 11: Indicating Robust Multi-Year Tailwinds for This Countercyclical End Market
…INDICATING ROBUST MULTI-YEAR TAILWINDS FOR THIS COUNTERCYCLICAL END MARKET ($ in Billions) Long tail from IIJA is expected to be enhanced with incremental funds from a successor infrastructure bill $63 $58 $53 $49 $42 $24 $16 $15 $11 $9 $7 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 & Be
Slide 12: Select MLM Projects Underscore Strength in the Non-Residential End Market
SELECT MLM PROJECTS UNDERSCORE STRENGTH IN THE NON-RESIDENTIAL END MARKET DATA CENTERS WAREHOUSES/DISTRIBUTION MANUFACTURING Stargate Data Center Facebook Data Center Amazon Warehouse Ross Distribution Novo Nordisk Plant Toyota Megasite Abilene, TX Covington, GA Wilmington, NC Asheboro, NC Raleigh,
Slide 13: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Leading Industry- Proven track Significant Strategically supplier of leading unit record of whitespace located in aggregates profitability executing and clear higher-growth growth SOAR strategy M&A targets markets Q3 2025 Supplemental Information 13
Slide 14: Appendix
PRAMert. APPENDIX
Slide 15: Adjusted EBITDA from Continuing Operations
ADJUSTED EBITDA FROM CONTINUING OPERATIONS $ IN MILLIONS Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended Sep 30, 2025 Sep 30, 2024 Sep 30, 2025 Sep 30, 2024 Net earnings from continuing operations attributable to Earnings from continuing operations before interest; income $
Slide 16: Adjusted EBITDA from Discontinued Operations
ADJUSTED EBITDA FROM DISCONTINUED OPERATIONS $ IN MILLIONS Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended Sep 30, 2025 Sep 30, 2024 Sep 30, 2025 Sep 30, 2024 Earnings from discontinued operations, net of income tax Earnings from discontinued operations before interest; $53
Slide 17: Consolidated Adjusted EBITDA
CONSOLIDATED ADJUSTED EBITDA $ IN MILLIONS Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended Sep 30, 2025 Sep 30, 2024 Sep 30, 2025 Sep 30, 2024 Earnings before interest; income taxes; depreciation, Consolidated net earnings attributable to Martin depletion and amortization e
Slide 18: Full-Year 2025 Adjusted EBITDA from Continuing Operations Guidance at the Midpoint
FULL-YEAR 2025 ADJUSTED EBITDA FROM CONTINUING OPERATIONS GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2025 1 (Midpoint Guidance) Earnings from continuing operations before interest; income Net earnings from continuing operations attributable to Martin Marietta $1,000 taxes; depreciatio
Slide 19: Full-Year 2025 Consolidated Adjusted EBITDA Guidance at the Midpoint
FULL-YEAR 2025 CONSOLIDATED ADJUSTED EBITDA GUIDANCE AT THE MIDPOINT $ IN MILLIONS Year Ended Dec 31, 2025 Earnings before interest; income taxes; depreciation, depletion 1 (Midpoint Guidance) and amortization expense; the earnings/loss from Consolidated net earnings attributable to Martin Marietta
Martin Marietta Materials — Q3 2025 Earnings Presentation on 6ix