Martin Marietta Materials (MLM) investor relations material

Strategic Direction and SOAR 2030

• Launching SOAR 2030 to codify the operating system, accelerate organic growth, and align go-to-market strategy with operational excellence initiatives.

• Maintains leadership in aggregates with a complementary specialties division, holding #1 or #2 positions in 90% of markets and a proven record of doubling market cap every five years.

• Focuses on high-growth U.S. states, with 30% of 2024 building materials revenue from Texas and a footprint where population growth is 2x the national average.

• Purposeful portfolio optimization through divestitures and expansion in high-growth markets such as Virginia, the Pacific Northwest, and central U.S.

• Commitment to safety, stewardship, and community engagement as core values underpinning long-term sustainability and industry-leading safety performance.

Financial Performance, Guidance, and Capital Allocation

• Five-year outlook targets double-digit annual EBITDA growth, with a base case of $3.3B organic EBITDA by 2030, and $3.7B including M&A, assuming a 250 basis point price-cost spread and mid-single-digit pricing growth.

• Achieved 8.1% revenue CAGR and 10.6% adjusted EBITDA CAGR from 2020 to 2025, with 2025 guidance midpoint at $7.0B revenue and $2.3B adjusted EBITDA.

• Free cash flow over the next five years projected at $8–9B, with $7–8B available for M&A, growth capex, and buybacks after dividends; total firepower projected at $13–15B by 2030.

• Capital allocation priorities: 58% to M&A, 25% to capex, 10% to share repurchases, and 7% to dividends from 2021–mid-2025, with consistent dividend increases and $1.2B in share repurchases.

• Maintains a strong balance sheet with a target net leverage of 2–2.5x and investment-grade credit ratings.

Technology, Operational Excellence, and Growth Drivers

• Rollout of Precise IQ and precision pricing tools, plant automation, and predictive analytics drive unit profitability, price/cost spread, and customer responsiveness.

• Automation scaled to 40% of plants by 2025, with strategic procurement and technology investments in AI, machine learning, and partnerships for autonomous vehicles and electrification.

• Use of telematics and connected platforms in mobile equipment enhances productivity, safety, and cost efficiency.

• Ongoing investment in cloud-based data platforms to optimize plant operations, maintenance, and cost management.

• Disciplined M&A strategy targets bolt-on acquisitions in core markets, with a robust pipeline and proven integration playbook for rapid synergy realization.