Page 11 - Proxy Statement - 2020

Our Commitment to Excellence, Safety, Corporate Governance, Shareholder
Engagement and Sustainability Is Integral to Our Strategic Plan

Where You Are Matters

State 1 Pop. Growth (’19-’49) 2 Mid-Cycle Demand 3 Fiscal Health

(20%) (10%) 0% 10% 20%
Above
Texas 37% AAA
Below AAA
AA
28%
Colorado
Top 10 Martin Marietta States 1 Georgia 27% At mid-cycle AAA
Below
24%
North Carolina
Below
AAA
8%
Iowa
Below
AAA
35%
Florida
At mid-cycle
AA+
18%
South Carolina
Below
7%
Indiana
AAA
Maryland
AAA
12%
Below
Nebraska 12% Below AAA
Sources: (1) Company materials, Wall Street Research, IHS Markit, S&P Global and U.S. State Ratings and Outlooks. (2) Based on top 10 revenue
generating states based on 2019 Building Materials product revenues by state of destination. (3) Management calculation based on aggregates
consumption per capita multiplied by estimated state population. Based on latest information available as of December 31, 2019.
Over the last decade, Martin Marietta has been a disciplined and well-run heavy construction materials company
➤ Grew total revenues by 3.0x (11% compounded annual growth rate (CAGR)) and Adjusted EBITDA by 3.4x (13% CAGR) over this
period
➤ Completed creative asset swap in Colorado, and acquisitions of Texas Industries, Inc. (Texas aggregates, strategic cement) and
Bluegrass Materials (strong margins, significantly below mid-cycle demand states)
➤ After maintaining dividends through the financial crisis, consistently increased dividends through the decade
➤ Maintained a strong investment grade rating, with a leverage ratio now within target range of 2.0x to 2.5x
➤ Delivered superior shareholder value (2010-2019 TSR CAGR of 14%)

2020 PROXY STATEMENT 7