Page 7 - Martin Marietta - 2024 Proxy Statement

/ PROXY

Proxy Statement Highlights RECORD FINANCIAL

PERFORMANCE
Shareholders Benefit from Martin Marietta’s Record
2023 Performance TOTAL REVENUES
$6.78 B
This summary provides highlights of selected information about Martin
Marietta Materials, Inc. (the Company, Martin Marietta, we or us) from +10%
this Proxy Statement. The Board of Directors is providing the Notice of
2024 Annual Meeting of Shareholders, this Proxy Statement and Proxy NET EARNINGS FROM CONTINUING
Card (the Proxy Materials) in connection with the Company’s solicitation OPERATIONS ATTRIBUTABLE TO
of proxies for the 2024 Annual Meeting (the Annual Meeting) to be held MARTIN MARIETTA
on May 16, 2024, and at any adjournment or postponement thereof. $1.20 B
This proxy summary highlights information contained elsewhere in our
Proxy Statement. The summary does not contain all the information +40%
that you should consider, and we encourage you to read the entire ADJUSTED EBITDA*+
Proxy Statement before voting.
$2.13 B
2023 Safety & Financial Highlights from Continuing
Operations +33%

• Southwest and East Divisions outperformed world class with Total NET MARGIN 1
Injury Incident Rates (TIIRs) of 0.63 and 0.69, respectively 17.7%
• Achieved word-class TIIR for the 3 consecutive year with +380 bps
rd
companywide TIIR of 0.78 PROXY HIGHLIGHTS
ADJUSTED EBITDA MARGIN*+
• 99.9% of employees experienced zero lost-time incidents
• Net Earnings from Continuing Operations Attributable to Martin 31.4%
Marietta increased by more than 40% +540 bps
• Adjusted EBITDA increased 33%, surpassing $2.1 billion
DILUTED EPS FROM CONTINUING
• Achieved 41% growth of diluted EPS from continuing operations to OPERATIONS
$19.32 $19.32
• Grew aggregates gross profit per ton by 46% to $6.93
+41%
• Delivered Total Shareholder Return of 49% vs. the S&P 500 of 26%
CASH FROM OPERATIONS
*Adjusted EBITDA, Adjusted EBITDA margin and Net Leverage are not measures under
generally accepted accounting principles in the United States (GAAP). Please see $1.53 B
Appendix B for a reconciliation of non-GAAP measures to GAAP measures and other
disclosures related to the presentation of Non-GAAP measures. +54%
+Dollar amounts and adjusted EBITDA margin metrics represent records and are based
on continuing operations only. NET LEVERAGE AT DEC. 31, 2023*
1 Net Margin is defined as the ratio between Net Earnings from Continuing Operations 1.44x
Attributable to Martin Marietta and Total Revenues.

Proposal 1 Election of 10 Directors See pages 25
The Board recommends a vote FOR each of the Directors for more
information
Proposal 2 Ratification of the Appointment of PricewaterhouseCoopers LLP as our Independent Auditors for 2024 See pages 39
The Board recommends a vote FOR ratification of PricewaterhouseCoopers for 2024 for more
information
Proposal 3 Advisory Vote to Approve the Compensation of our Named Executive Officers See page 89
The Board recommends a vote FOR our Say-On-Pay proposal for more
information

MARTIN MARIETTA 1