Page 45 - Martin Marietta - 2022 Proxy Statement

SUMMARY OF OUR COMPENSATION CONSIDERATIONS /

NET EARNINGS attributable to Martin Marietta from
continuing operations of $702.0 million and record Returned $148 MILLION TO SHAREHOLDERS via
ADJUSTED EBITDA FROM CONTINUING dividends and share repurchases
OPERATIONS* OF $1.5 BILLION
Continuous commitment to SUSTAINABILITY, which is Fifth consecutive year of WORLD-CLASS SAFETY
included in our strategy and compensation decisions performance

Disciplined management through ongoing COVID-19 Successful completion of four acquisitions valued over
pandemic ensured EMPLOYEE HEALTH AND SAFETY $3.0 billion in line with the Company’s SOAR 2025
with minimal business disruption Strategic Plan

* See Appendix B for reconciliation to reported net earnings from continuing operations attributable to Martin Marietta. Adjusted EBITDA is a metric
used for executive performance targets.
In 2021, we continued to execute on our strategic initiatives to enhance our footprint and responsibly expand our
business. Specifically, we made significant progress advancing goals included in our latest five-year strategic plan,
SOAR (Strategic Operating Analysis and Review) 2025, which was developed in 2020. The SOAR process,
supplemented by our annual planning process, has guided us since 2010 as we have grown the business in an intentional,
contemplative, and disciplined manner. SOAR 2025 set ambitious yet achievable targets for future growth and value
creation, and the four acquisitions completed in 2021 were all well aligned with our SOAR 2025 goals. Importantly, the
company’s strategic efforts in 2021 provide a platform for continued expansion in future years.

2021 Highlights Disciplined Capital Allocation

Consolidated revenues on continuing operations $75 million contributed to the Company’s
of $5.4 billion, reflecting organic shipment qualified pension plan, resulting in a fully-funded
growth, pricing gains, and contributions from plan
acquired operations
Board approved a 7% quarterly dividend increase
th
Achieved 10 consecutive year of growth in ($2.44/share on an annualized basis) in August,
products and services revenues, adjusted gross continuing the Company’s track record of
profit, adjusted EBITDA and adjusted earnings per dividend growth
diluted share growth (after adjusting for the
one-time earnings per share benefit in 2017 Maintained our investment grade credit rating
resulting from the Tax Cuts and Jobs Act of 2017) while issuing $2.5 billion in debt to finance
value-enhancing acquisitions, exiting the year
Record-setting results from 2011 to 2021 yielded with a 3.0x leverage ratio
a 10-year TSR of 553% versus the S&P 500
return of 363% during the same period

40 2022 PROXY STATEMENT