Page 6 - Proxy Statement - 2020

2020 BUSINESS HIGHLIGHTS
Shareholders Benefit from Martin Marietta’s Record 2019 Performance

The past year was one of improved financial performance, disciplined capital allocation and continued emphasis on safety, health and
our other tenets of sustainability. We continued to see the full-year benefits from our 2018 acquisition and quick-paced integration of
Bluegrass Materials Company (Bluegrass), strengthening our foundation for long-term financial success. Our record 2019 financial
performance is a continuation of the growth in total revenues, gross profit, adjusted EBITDA and earnings diluted per share (EPS) since
2011. These trends, along with our record safety results, validate both our strategic plan and our ability to logically and successfully
execute against that plan. Disciplined execution against our capital allocation priorities was also reflected in 2019 as we continued our
share repurchase program and meaningfully increased our dividend again.
These are highlights of our financial performance in 2019:
✓ Record consolidated revenues of $4.7 billion, a 12% year-on-year increase, driven by double-digit aggregates and cement shipment
growth and steady pricing gains across the Building Materials business, with net earnings attributable to Martin Marietta of $612 million
✓ Achieved 8 consecutive year of revenue, gross profit, adjusted EBITDA and EPS growth
th
✓ Record-setting results yielded a 64 percent Total Shareholder Return (TSR), more than double the S&P 500
✓ $50 million contributed to the Company’s ~100% funded qualified pension plan

✓ Repurchased 416,000 shares for $98.2 million ($236.04 per share); 13.7 million shares remaining on our February 2015
authorization
✓ Our Board of Directors (Board) approved a 15% dividend increase ($2.20 per share on an annualized basis) in August, one of the
largest increases in Company history
✓ Maintained our investment grade credit rating, exiting the year at 2.2x debt-to-EBITDA leverage ratio, within our target ratio
of 2.0x – 2.5x

Record Financial Performance

TOTAL REVENUES ADJ. EBITDA* Diluted EPS

$4.7BN $1.255BN $9.74

+12% +15% +31%

ADJUSTED EBITDA OPERATING DEBT REDUCTION &
MARGIN* CASH FLOW LEVERAGE RATIO*

26.5% $966MM $350MM

+80 BPS +37% 2.2x

Drives superior Total Shareholder
Returns (TSR)

* Please see Appendix B for a reconciliation of non-GAAP measures to GAAP measures.

2 2020 PROXY STATEMENT