This 3-sentence summary provides the high-level information from the investor presentation document:
The document is an investor presentation that outlines Vulcan Materials Company's strategy of focusing on aggregates production through their large reserve base and coastal footprint in high-growth regions. It discusses how their operational expertise and pricing discipline has led to attractive unit profitability and margin expansion, positioning them for continued earnings growth. The presentation also provides financial results showing increased sales, margins, and earnings through 2012 and 2013 YTD, as well as details on their balance sheet and cash flow.
- The company's strategy focuses on leveraging its strength in aggregates, which are essential materials and valuable assets.
- The presentation contains forward-looking statements and important disclosure notes about the risks and uncertainties in the company's projections.
- Financial results for 2013 show continued improvement in earnings and profitability compared to 2012, including increased EPS, cash earnings, and EBITDA.
This document provides an overview of Textron Inc., including forward-looking statements about its strategies, goals, and financial projections. It summarizes Textron's business segments which include aircraft, helicopters, industrial products, and finance. The presentation notes that certain statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially. It directs the reader to SEC filings for additional risks that could affect Textron's business performance.
VWE provides a comprehensive presentation that supersedes all prior presentations on the same topics. The presentation includes forward-looking statements, projections, and non-GAAP financial measures. It introduces VWE's experienced management team and track record of acquisitions. It also summarizes VWE's proposed combination with BCAC to become a public company.
Sysco held its annual Investor Day, where it outlined its growth strategy through fiscal 2024. Sysco plans to grow substantially faster than the market through five strategic pillars: digital, products, solutions, supply chain, and customer teams. Sysco also announced a large acquisition that will help cultivate new channels and capabilities. Sysco expects to grow 1.5 times faster than the total foodservice market by executing on its strategic plan.
Vulcan Materials reported first quarter 2013 earnings results. Key highlights included aggregates shipments and pricing in line with expectations, and improved profitability in non-aggregates segments. The outlook for 2013 anticipates continued recovery in private construction leading to 1-5% growth in aggregates volumes and 4% increase in aggregates pricing. Earnings improvement is expected across all business segments.
The document provides details on Curtiss-Wright's 1Q 2018 earnings conference call, including financial results, business outlook, and guidance. Key points:
- 1Q 2018 diluted EPS increased 35% to $0.98 due to higher sales and profitability in commercial/industrial and defense segments.
- Net sales grew 5% overall with strong demand in aerospace and naval defense. Operating margin expanded 270 basis points to 11.8%.
- Full-year 2018 guidance was raised, expecting higher sales, operating income, margins and EPS, driven by improved outlook across all end markets. However, the Dresser-Rand acquisition reduces some metrics due to first-year purchase accounting costs.
Q3 2013 Rockwell Collins, Inc. Earnings Conference Callrockwell_collins
The document is Rockwell Collins' third quarter fiscal year 2013 earnings presentation. It summarizes key financial details such as sales, net income, earnings per share, operating cash flow, research and development spending, capital structure, and share repurchases. It also reaffirms guidance for full fiscal year 2013 with estimated total sales of $4.65 billion, segment operating margin of 21-22%, and earnings per share of $4.55-$4.60.
This document provides an overview and summary of CAGNY 2021, which took place on February 16. It begins with standard forward-looking statements language, noting that any projections or expectations discussed are subject to risks and uncertainties that could cause actual results to differ materially. The document then provides a high-level summary of Kevin Hourican's presentation as Sysco's President & CEO, where he discussed how Sysco has gained market share during the COVID-19 disruption, investments being made in preparation for economic recovery, and Sysco's strategic focus areas. It also summarizes Aaron Alt's discussion as EVP & CFO, including Sysco's strong financial position and disciplined capital allocation approach. The document concludes
- The company's strategy focuses on leveraging its strength in aggregates, which are essential materials and valuable assets.
- The presentation contains forward-looking statements and important disclosure notes about the risks and uncertainties in the company's projections.
- Financial results for 2013 show continued improvement in earnings and profitability compared to 2012, including increased EPS, cash earnings, and EBITDA.
This document provides an overview of Textron Inc., including forward-looking statements about its strategies, goals, and financial projections. It summarizes Textron's business segments which include aircraft, helicopters, industrial products, and finance. The presentation notes that certain statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially. It directs the reader to SEC filings for additional risks that could affect Textron's business performance.
VWE provides a comprehensive presentation that supersedes all prior presentations on the same topics. The presentation includes forward-looking statements, projections, and non-GAAP financial measures. It introduces VWE's experienced management team and track record of acquisitions. It also summarizes VWE's proposed combination with BCAC to become a public company.
Sysco held its annual Investor Day, where it outlined its growth strategy through fiscal 2024. Sysco plans to grow substantially faster than the market through five strategic pillars: digital, products, solutions, supply chain, and customer teams. Sysco also announced a large acquisition that will help cultivate new channels and capabilities. Sysco expects to grow 1.5 times faster than the total foodservice market by executing on its strategic plan.
Vulcan Materials reported first quarter 2013 earnings results. Key highlights included aggregates shipments and pricing in line with expectations, and improved profitability in non-aggregates segments. The outlook for 2013 anticipates continued recovery in private construction leading to 1-5% growth in aggregates volumes and 4% increase in aggregates pricing. Earnings improvement is expected across all business segments.
The document provides details on Curtiss-Wright's 1Q 2018 earnings conference call, including financial results, business outlook, and guidance. Key points:
- 1Q 2018 diluted EPS increased 35% to $0.98 due to higher sales and profitability in commercial/industrial and defense segments.
- Net sales grew 5% overall with strong demand in aerospace and naval defense. Operating margin expanded 270 basis points to 11.8%.
- Full-year 2018 guidance was raised, expecting higher sales, operating income, margins and EPS, driven by improved outlook across all end markets. However, the Dresser-Rand acquisition reduces some metrics due to first-year purchase accounting costs.
Q3 2013 Rockwell Collins, Inc. Earnings Conference Callrockwell_collins
The document is Rockwell Collins' third quarter fiscal year 2013 earnings presentation. It summarizes key financial details such as sales, net income, earnings per share, operating cash flow, research and development spending, capital structure, and share repurchases. It also reaffirms guidance for full fiscal year 2013 with estimated total sales of $4.65 billion, segment operating margin of 21-22%, and earnings per share of $4.55-$4.60.
This document provides an overview and summary of CAGNY 2021, which took place on February 16. It begins with standard forward-looking statements language, noting that any projections or expectations discussed are subject to risks and uncertainties that could cause actual results to differ materially. The document then provides a high-level summary of Kevin Hourican's presentation as Sysco's President & CEO, where he discussed how Sysco has gained market share during the COVID-19 disruption, investments being made in preparation for economic recovery, and Sysco's strategic focus areas. It also summarizes Aaron Alt's discussion as EVP & CFO, including Sysco's strong financial position and disciplined capital allocation approach. The document concludes
Sysco reported third quarter fiscal year 2021 earnings results. Key highlights include:
- Sales were $11.8 billion, an increase of 13.7% compared to the prior year.
- Adjusted operating expenses increased 17.2% and adjusted operating income increased 32.0% compared to the prior year.
- Adjusted earnings per share were $0.22, an increase of 51.1% compared to the prior year.
- The business recovery from the pandemic is accelerating, with Sysco gaining market share by adding new independent customers.
- Sysco remains focused on managing the business recovery and building customer-centric capabilities to drive long-term growth.
bp reported strong third quarter 2021 results with underlying replacement cost profit of $5.9 billion, up from $4.7 billion in the previous quarter. Operating cash flow was $6 billion including a $1.8 billion working capital build. bp executed a $1.25 billion share buyback from first half surplus cash flow and announced an additional buyback. The results were driven by higher oil and gas prices and strong performances across all segments.
A report with narrative, charts and graphs detailing the latest results and future projects for midstream company Williams--covering all of their North American operations.
The document is Rockwell Collins' 4th quarter FY 2013 earnings presentation. It summarizes the company's financial results including a 1% decrease in sales compared to the previous year. Net income increased 15% to $175 million while earnings per share grew 21% to $1.28. The presentation also provides details on segment results for commercial and government systems and outlines guidance for FY2014.
Sysco reported third quarter fiscal 2020 earnings results on May 5th. Key highlights include:
- Sales decreased 6.5% to $13.7 billion due to the COVID-19 pandemic negatively impacting business.
- Adjusted operating income decreased 39.2% to $377 million and adjusted EPS decreased 43% to $0.45.
- The company has taken actions to strengthen liquidity, stabilize the business by reducing costs, and create new revenue sources to position it for success after COVID-19.
- Sysco had more than $6 billion in available liquidity as of the end of the quarter to weather the current challenges and emerge stronger.
Sysco reported earnings results for the first quarter of fiscal year 2021. Total sales declined 23% to $11.8 billion due to the COVID-19 pandemic negatively impacting restaurant customers. However, the company delivered $365 million in adjusted operating income and strong positive free cash flow of $862 million for the quarter through cost savings initiatives. Sysco remains well positioned with over $8 billion in cash and liquidity as management continues transforming the business for long-term growth.
- Sysco reported first quarter fiscal year 2020 results that were largely in line with expectations. Sales increased 0.6% to $15.3 billion while adjusted operating income rose 7.3% and adjusted earnings per share grew 8.6%.
- In the US Foodservice segment, sales increased 2.5% and adjusted operating income grew 2.6% despite a 0.4% increase in adjusted operating expenses.
- The International Foodservice segment reported improved results with sales up 8.5% in constant currency and adjusted operating income increasing 7.1%.
- Sysco remains confident in its ability to achieve the targets of its three-year strategic plan based on its continued focus on improving the customer
The document summarizes a presentation given at the CAGNY Conference on February 18, 2014. It introduces the three speakers: Bill DeLaney, President and CEO of Sysco; Wayne Shurts, EVP and CTO; and Chris Kreidler, EVP and CFO. It provides an overview of Sysco's business, including key metrics, and discusses the company's strategic focus areas and initiatives. It also discusses Sysco's proposed merger with US Foods, including integration planning and anticipated benefits.
Sysco reported first quarter 2022 earnings results. Sales increased 8.2% compared to the first quarter of fiscal year 2019. While profitability exceeded expectations, the company continued investing aggressively to fund growth. The company is on track with its business transformation agenda and strategic priorities to drive long-term growth and take additional market share. Sysco reiterated its guidance for fiscal year 2022 and expects to begin share repurchases in the second quarter.
Sysco reported their 3Q FY20 earnings results. Some key highlights include:
- The COVID-19 pandemic has significantly impacted their business and the global economy.
- They are focused on managing costs and capitalizing on their industry leadership as the economy recovers.
- Several risks and uncertainties remain around the ongoing impact of the pandemic on their operations and financial results.
Apx group fourth quarter and full year 2013 earnings call presentationvivintIR
APX Group Holdings reported financial and operating highlights for Q4 and full year 2013. Key highlights included:
- For Q4, revenue increased 24% year-over-year to $292 million and adjusted EBITDA grew 19% to $80 million.
- For the full year, total subscribers grew 21% to over 795,000, revenue increased 10% to $501 million, and adjusted EBITDA rose 25% to $132 million.
- Vivint, APX's primary operating business, saw revenue increase 9% for the full year to $483 million and adjusted EBITDA grow 25% to $292 million. Operating cash flow at Vivint was $283 million, representing a
Sysco reported its second quarter fiscal 2021 earnings results. Despite a 23% decline in total sales due to the COVID-19 pandemic, Sysco delivered a profitable quarter through investments in its business transformation initiatives. Sysco gained overall market share compared to the rest of the foodservice distribution industry during this difficult period. Looking ahead, Sysco is well positioned for the economic recovery through investments in its customers, employees, working capital, and technology. Sysco's leadership is confident that the company's transformation strategy will drive long-term accelerated growth as restrictions ease and the economy recovers.
Constellation Brands provides a 3-sentence investor overview presentation:
1) It outlines strategies to build shareholder value through profitable growth, optimizing its wine and spirits portfolio, and planned cash returns to shareholders through 2022.
2) Key highlights include expectations for Canopy Growth to achieve a $1 billion CAD revenue run rate by 2020 and for Constellation's beer business to outpace the U.S. market by a wide margin.
3) The presentation also reviews evolving consumer trends in beer, wine, and spirits and Constellation's strategies to win with consumers through powerful brands, innovation, premiumization focus, and understanding demographics.
Sysco reported their 4th quarter and full year 2020 earnings results. Some key highlights include:
- The COVID-19 pandemic significantly impacted their financial results.
- They implemented various business transformation initiatives to increase efficiency and market share.
- Looking forward, they expect economic recovery to be gradual and have uncertainty around the pandemic's duration and effects.
- Several risks and challenges were also noted around inflation, competition, fuel costs, and successfully realizing benefits from their strategic plans.
- DuPont reported earnings results for the second quarter of 2016, with operating earnings of $1.24 per share, up 14% from the second quarter of 2015.
- Segment operating earnings increased 11% year-over-year to $1.613 billion, driven by growth in Agriculture, Nutrition & Health, Performance Materials, and Industrial Biosciences, partially offset by currency impacts.
- For full-year 2016, DuPont revised its guidance and now expects operating earnings in the range of $3.15 to $3.20 per share, an increase of $0.10 from the low end of the previous guidance range.
This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination
between Bespoke Capital Acquisition Corp. (“BCAC”) and Vintage Wine Estates, Inc. (“VWE”) and related transactions (collectively the “Potential Transactions".
Original air date:
June 6, 2014
Repeat broadcast on June 18, 2014
Register at http://www.mhmcpa.com
Most tax-exempt organizations are required to file Form 990 with the Internal Revenue Service (IRS) each year to maintain their tax-exempt status. Similarly, many organizations also file Form 990-T annually to measure and report unrelated business income tax (UBIT). Join us for this course as experts from our Not-for-Profit & Education Practice Group discuss these forms and areas that often garner additional attention by the IRS. We will cover best practices in Form 990 preparation so that you can best present your organization in this important public-facing document and minimize organizational risk.
Aviva half year results 2015 analyst presentationAviva plc
The document outlines cautionary statements regarding forward-looking statements made by Aviva plc. It notes that actual results could differ from forward-looking statements due to factors like difficult economic conditions, regulatory changes, catastrophic events, and more. It also provides a timeline of key events at Aviva from 2013 to 2015, including acquisitions, divestitures, leadership changes, and financial results.
The document discusses the challenges US companies face in transitioning from GAAP accounting standards to IFRS standards. It notes that the SEC has advocated for a single set of global accounting standards and has proposed a timeline for US public companies to adopt IFRS by 2016. The transition will require significant resources and affect many departments within a company. Hiring experienced contract staff who specialize in IFRS can help companies implement IFRS in a cost-effective way while minimizing disruptions to operations.
This progress report summarizes work on a project about encouraging blood donation in Uttara Model Town, Dhaka. It acknowledges those who helped with the project and outlines 8 chapters that will be covered, including an introduction to blood donation, methodology, target areas, objectives, project description, current status, public responses, and project activities. The report discusses collecting data, raising awareness among university friends and the public, collaborating with medical organizations, and aims to increase social responsibility around blood donation over time. It provides updates on initial outreach and planning while noting that the project is ongoing.
Sysco reported third quarter fiscal year 2021 earnings results. Key highlights include:
- Sales were $11.8 billion, an increase of 13.7% compared to the prior year.
- Adjusted operating expenses increased 17.2% and adjusted operating income increased 32.0% compared to the prior year.
- Adjusted earnings per share were $0.22, an increase of 51.1% compared to the prior year.
- The business recovery from the pandemic is accelerating, with Sysco gaining market share by adding new independent customers.
- Sysco remains focused on managing the business recovery and building customer-centric capabilities to drive long-term growth.
bp reported strong third quarter 2021 results with underlying replacement cost profit of $5.9 billion, up from $4.7 billion in the previous quarter. Operating cash flow was $6 billion including a $1.8 billion working capital build. bp executed a $1.25 billion share buyback from first half surplus cash flow and announced an additional buyback. The results were driven by higher oil and gas prices and strong performances across all segments.
A report with narrative, charts and graphs detailing the latest results and future projects for midstream company Williams--covering all of their North American operations.
The document is Rockwell Collins' 4th quarter FY 2013 earnings presentation. It summarizes the company's financial results including a 1% decrease in sales compared to the previous year. Net income increased 15% to $175 million while earnings per share grew 21% to $1.28. The presentation also provides details on segment results for commercial and government systems and outlines guidance for FY2014.
Sysco reported third quarter fiscal 2020 earnings results on May 5th. Key highlights include:
- Sales decreased 6.5% to $13.7 billion due to the COVID-19 pandemic negatively impacting business.
- Adjusted operating income decreased 39.2% to $377 million and adjusted EPS decreased 43% to $0.45.
- The company has taken actions to strengthen liquidity, stabilize the business by reducing costs, and create new revenue sources to position it for success after COVID-19.
- Sysco had more than $6 billion in available liquidity as of the end of the quarter to weather the current challenges and emerge stronger.
Sysco reported earnings results for the first quarter of fiscal year 2021. Total sales declined 23% to $11.8 billion due to the COVID-19 pandemic negatively impacting restaurant customers. However, the company delivered $365 million in adjusted operating income and strong positive free cash flow of $862 million for the quarter through cost savings initiatives. Sysco remains well positioned with over $8 billion in cash and liquidity as management continues transforming the business for long-term growth.
- Sysco reported first quarter fiscal year 2020 results that were largely in line with expectations. Sales increased 0.6% to $15.3 billion while adjusted operating income rose 7.3% and adjusted earnings per share grew 8.6%.
- In the US Foodservice segment, sales increased 2.5% and adjusted operating income grew 2.6% despite a 0.4% increase in adjusted operating expenses.
- The International Foodservice segment reported improved results with sales up 8.5% in constant currency and adjusted operating income increasing 7.1%.
- Sysco remains confident in its ability to achieve the targets of its three-year strategic plan based on its continued focus on improving the customer
The document summarizes a presentation given at the CAGNY Conference on February 18, 2014. It introduces the three speakers: Bill DeLaney, President and CEO of Sysco; Wayne Shurts, EVP and CTO; and Chris Kreidler, EVP and CFO. It provides an overview of Sysco's business, including key metrics, and discusses the company's strategic focus areas and initiatives. It also discusses Sysco's proposed merger with US Foods, including integration planning and anticipated benefits.
Sysco reported first quarter 2022 earnings results. Sales increased 8.2% compared to the first quarter of fiscal year 2019. While profitability exceeded expectations, the company continued investing aggressively to fund growth. The company is on track with its business transformation agenda and strategic priorities to drive long-term growth and take additional market share. Sysco reiterated its guidance for fiscal year 2022 and expects to begin share repurchases in the second quarter.
Sysco reported their 3Q FY20 earnings results. Some key highlights include:
- The COVID-19 pandemic has significantly impacted their business and the global economy.
- They are focused on managing costs and capitalizing on their industry leadership as the economy recovers.
- Several risks and uncertainties remain around the ongoing impact of the pandemic on their operations and financial results.
Apx group fourth quarter and full year 2013 earnings call presentationvivintIR
APX Group Holdings reported financial and operating highlights for Q4 and full year 2013. Key highlights included:
- For Q4, revenue increased 24% year-over-year to $292 million and adjusted EBITDA grew 19% to $80 million.
- For the full year, total subscribers grew 21% to over 795,000, revenue increased 10% to $501 million, and adjusted EBITDA rose 25% to $132 million.
- Vivint, APX's primary operating business, saw revenue increase 9% for the full year to $483 million and adjusted EBITDA grow 25% to $292 million. Operating cash flow at Vivint was $283 million, representing a
Sysco reported its second quarter fiscal 2021 earnings results. Despite a 23% decline in total sales due to the COVID-19 pandemic, Sysco delivered a profitable quarter through investments in its business transformation initiatives. Sysco gained overall market share compared to the rest of the foodservice distribution industry during this difficult period. Looking ahead, Sysco is well positioned for the economic recovery through investments in its customers, employees, working capital, and technology. Sysco's leadership is confident that the company's transformation strategy will drive long-term accelerated growth as restrictions ease and the economy recovers.
Constellation Brands provides a 3-sentence investor overview presentation:
1) It outlines strategies to build shareholder value through profitable growth, optimizing its wine and spirits portfolio, and planned cash returns to shareholders through 2022.
2) Key highlights include expectations for Canopy Growth to achieve a $1 billion CAD revenue run rate by 2020 and for Constellation's beer business to outpace the U.S. market by a wide margin.
3) The presentation also reviews evolving consumer trends in beer, wine, and spirits and Constellation's strategies to win with consumers through powerful brands, innovation, premiumization focus, and understanding demographics.
Sysco reported their 4th quarter and full year 2020 earnings results. Some key highlights include:
- The COVID-19 pandemic significantly impacted their financial results.
- They implemented various business transformation initiatives to increase efficiency and market share.
- Looking forward, they expect economic recovery to be gradual and have uncertainty around the pandemic's duration and effects.
- Several risks and challenges were also noted around inflation, competition, fuel costs, and successfully realizing benefits from their strategic plans.
- DuPont reported earnings results for the second quarter of 2016, with operating earnings of $1.24 per share, up 14% from the second quarter of 2015.
- Segment operating earnings increased 11% year-over-year to $1.613 billion, driven by growth in Agriculture, Nutrition & Health, Performance Materials, and Industrial Biosciences, partially offset by currency impacts.
- For full-year 2016, DuPont revised its guidance and now expects operating earnings in the range of $3.15 to $3.20 per share, an increase of $0.10 from the low end of the previous guidance range.
This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination
between Bespoke Capital Acquisition Corp. (“BCAC”) and Vintage Wine Estates, Inc. (“VWE”) and related transactions (collectively the “Potential Transactions".
Original air date:
June 6, 2014
Repeat broadcast on June 18, 2014
Register at http://www.mhmcpa.com
Most tax-exempt organizations are required to file Form 990 with the Internal Revenue Service (IRS) each year to maintain their tax-exempt status. Similarly, many organizations also file Form 990-T annually to measure and report unrelated business income tax (UBIT). Join us for this course as experts from our Not-for-Profit & Education Practice Group discuss these forms and areas that often garner additional attention by the IRS. We will cover best practices in Form 990 preparation so that you can best present your organization in this important public-facing document and minimize organizational risk.
Aviva half year results 2015 analyst presentationAviva plc
The document outlines cautionary statements regarding forward-looking statements made by Aviva plc. It notes that actual results could differ from forward-looking statements due to factors like difficult economic conditions, regulatory changes, catastrophic events, and more. It also provides a timeline of key events at Aviva from 2013 to 2015, including acquisitions, divestitures, leadership changes, and financial results.
The document discusses the challenges US companies face in transitioning from GAAP accounting standards to IFRS standards. It notes that the SEC has advocated for a single set of global accounting standards and has proposed a timeline for US public companies to adopt IFRS by 2016. The transition will require significant resources and affect many departments within a company. Hiring experienced contract staff who specialize in IFRS can help companies implement IFRS in a cost-effective way while minimizing disruptions to operations.
This progress report summarizes work on a project about encouraging blood donation in Uttara Model Town, Dhaka. It acknowledges those who helped with the project and outlines 8 chapters that will be covered, including an introduction to blood donation, methodology, target areas, objectives, project description, current status, public responses, and project activities. The report discusses collecting data, raising awareness among university friends and the public, collaborating with medical organizations, and aims to increase social responsibility around blood donation over time. It provides updates on initial outreach and planning while noting that the project is ongoing.
1. The document is the final examination for a statistics course with 16 questions covering topics such as measures of central tendency and dispersion, probability, sampling, distributions, correlation, and hypothesis testing.
2. Students are instructed to return the question paper along with their answer script after completing the 3 hour exam.
3. Formulas for measures like standard deviation, mean deviation, and correlation are provided to assist with calculations for questions requiring them.
Final thesis: Technological maturity of future energy systemsNina Kallio
For my Master thesis I built a methodology to assess system maturities in energy sector. The aim was to build a framework, process and tools with the scope of assessing emerging systems and their current technological maturity in an uniform and quantitative way.
This document provides a summary of the manufacturing process of centrifugal pumps at Milnars Pumps Ltd (MPL) in Bangladesh. It describes the various sections of MPL's workshop, including the foundry shop, machine shop, assembly section, and testing section. The foundry shop performs metal casting using an induction furnace to produce components like impellers and casings from materials like stainless steel and alloy steels. The machine shop then machines the casted components using lathes, milling machines, and other tools. Next, the assembly section assembles components like bearings, seals, and impellers into the casings. Finally, the testing section monitors pump performance and ensures quality control. The report aims to document MPL's
The document summarizes a graduation thesis written by Vu Dinh Thang from Hanoi University of Science and Technology. The thesis researches, designs, and fabricates electrical socket covers using sheet molding composite (SMC) materials reinforced with glass fibers. Specifically, the thesis involves designing an electrical socket cover mold using Solidworks software, simulating the compression molding process using Deform 3D software, manufacturing socket covers in the mold, and testing the mechanical, thermal, and electrical properties of the finished products.
This presentation provides an overview of the manufacturing process of centrifugal pumps at Milnars Pumps Ltd. It discusses the key components of centrifugal pumps and how they work. The manufacturing process involves four main steps - the foundry shop where metal casting is done, the machine shop where parts are machined, the assembly shop where parts are assembled, and the test bench where pumps are tested. The presentation also provides recommendations to improve operations and concludes that the practicum provided valuable practical experience and knowledge about pump manufacturing and testing.
mechanical or automobile project ideas research thesisShadab Alam
This document describes a zig zag pneumatic lift system that uses compressed air to lift loads. The system uses an air tank, cylinder with piston, ball valves, and a zig zag frame. When one ball valve opens, compressed air enters the cylinder and pushes the piston in one direction, lifting the zig zag frame. When the other valve opens, the air escapes and the frame lowers back down. The system provides a cheap way to lift loads without using electricity or hydraulics.
This document is a seminar report on power system protection. It includes an introduction to power system protection and its objectives. It describes the key components of a protection system including current transformers, potential transformers, protective relays, circuit breakers, lightning arresters, and isolators. It provides details on the purpose and operation of each component. The document is submitted to fulfill the requirements for a bachelor's degree in electrical engineering.
This document describes a thesis submitted by Kee Li Voon for a Bachelor of Mechanical Engineering degree from Universiti Malaysia Pahang. The thesis is titled "Fiber Bragg Grating Dynamic Pressure Transducer". It details the design and development of a diaphragm-type pressure transducer integrated with a fiber Bragg grating sensor for measuring pressure. Experimental results show the FBG sensor has a pressure sensitivity of 106 pm/bar and excellent linearity with a fitting linear correlation coefficient of 99.91% for pressure measurement. Repeatability testing found an error of less than 0.3%.
- Vulcan Materials aims to offer investors a domestic aggregates business with several years of double-digit revenue growth potential, earnings leverage at each stage of the P&L, and significant return of capital.
- They have an advantaged aggregates asset base and franchise of lasting value, with disciplined portfolio management and a reputation as an industry leader.
- Significant upside exists from eventual growth in US infrastructure investment, with potential for further reductions in Vulcan's cost of capital.
During my Ph.D. in mechanical engineering / robotics, I developed a kinematostatic and a quasi-static model of compliant parallel mechanisms. These models are general and valid for any kind of mechanisms.
In this work, I also developed a general formulation of the sitffness matrix of a parallel mechanism.
This document outlines the formatting and structure for a thesis submitted to VIT University for a B.Tech in Mechanical Engineering. It includes sections for the title page, dedication, certificate, acknowledgements, abstract, table of contents, lists of tables and figures, chapters, references, appendices, and publication details. Key requirements are the use of Times New Roman font, specific formatting for headings, figures, tables, and references, and margins and page numbering conventions. [END SUMMARY]
Vmc Investor Day Management Presentation 2015VulcanMaterials
The document provides an overview of Vulcan Materials' investor day presentation on February 25, 2015. It begins with introductory remarks and a safe harbor statement. The presentation then focuses on Vulcan's core values of safety, health, environmental leadership and respect. It reviews Vulcan's performance during the decline, turnaround and early recovery stages of the construction cycle. The presentation outlines Vulcan's goals of achieving $2 billion in EBITDA and over 255 million tons of aggregates shipments at normal demand levels. It identifies key drivers to reach these goals including volume growth, pricing increases, operating efficiency, sales and production mix improvements and reducing selling, administrative and general expenses. The presentation emphasizes Vulcan's focus on execution through sales
This document discusses different types of gears used in mechanical engineering including spur gears, helical gears, spiral gears, bevel gears, worm gears, rack and pinion gears, and internal gears. It also mentions gear nomenclature.
This document provides an adjudication board report on the root cause analysis of engine misalignment in F22-P ships for the Pakistan Navy. It acknowledges those who provided guidance and assistance. The introduction explains that misalignment can cause machinery issues and outlines the scope of analyzing misalignment causes in F22-P ships. Methods used to measure alignment, vibration spectra, oil analysis, temperature effects, and resilient mounting are discussed. Test results from the ships are presented to identify the root cause of misalignment.
about international university of business agriculture & technology (iubat)Mohammad Al Amin Khan
This presentation provides an overview of the International University of Business Agriculture & Technology (IUBAT). It discusses the history and establishment of IUBAT. The presentation outlines the semester system, registration process, examination system, grading system, course requirements, and dress code policies of IUBAT. It also summarizes the honors, awards and prizes available to students based on their academic performance.
The document discusses the design and CFD analysis of a Formula 1 front wing. It was a final year project conducted by three mechanical engineering students at the University of Engineering and Technology Lahore. The project involved designing an F1 front wing model using Creo Parametric, meshing it, and performing CFD simulations and analysis using ANSYS 13.0. The goals of the project were to generate downforce while reducing drag. Various design parameters of the front wing and endplates were analyzed through the CFD simulations to evaluate their impact on lift and drag coefficients. Flow patterns and improvements with different designs were also observed. Key results from the simulations including velocity contours and pressure distributions are presented and discussed.
- Vulcan Materials Company is the leading aggregates producer in the US, with 95% of its sales tied to aggregates. Its strategy focuses on leveraging its large, strategically located aggregates reserves and operational expertise.
- The company has demonstrated operating leverage in recent years through margin expansion and earnings growth despite flat revenues, driven by higher pricing and effective cost control. Profitability on a per ton basis has increased and is higher than peak volumes.
- Vulcan has derisked its balance sheet through generating cash from operations, asset sales, and having limited near-term debt maturities, providing financial and operational flexibility.
Vulcan Materials Company's strategy focuses on leveraging its strength in aggregates, which are essential materials for construction. The company has a leading market position in aggregates production in the United States, with operations in key states expected to see significant population growth. Vulcan aims to maximize future earnings growth through its strategically positioned reserves, operational expertise, and cost discipline. Recent financial results demonstrate the company's ability to improve profit margins and earnings through pricing increases and effective cost control, positioning it well for continued recovery in construction markets.
Vulcan Materials Company's strategy focuses on leveraging its strength in aggregates, which are essential materials for construction. The company has a leading market position in aggregates production in the United States, with operations in key states expected to see significant population growth. Vulcan aims to maximize future earnings growth through its strategically positioned reserves, operational expertise, and cost discipline. Recent financial results demonstrate the company's ability to improve profitability through pricing increases and cost control, even with flat revenues.
Vulcan Materials Company's strategy is based on its strength in aggregates, which is an essential construction material. The company has the largest proven and probable aggregates reserve base in the United States. Vulcan is also strategically positioned, with assets located in states that represent a high percentage of projected U.S. population, household, and employment growth through 2020. Recent financial results demonstrate the company's operating leverage, with improved pricing, margins, and earnings across its business segments.
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1. Our strategy is based on our strength.
Aggregates
Essential Material | Valuable Asset
Investor Presentation, November 2013
Investor Presentation
2. IMPORTANT DISCLOSURE NOTES
IMPORTANT DISCLOSURE NOTES
Safe Harbor
Safe Harbor
This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and
This presentation contains forward-looking statements. Statements that relate historical fact, including statements about Vulcan's beliefs and
expectations, are forward-looking statements. Generally, these statementsare not to future financial performance, results of operations, business
expectations, are forward-looking statements. Generally, these earnings (including EBITDA and other measures), dividend policy, shipment
plans or strategies, projected or anticipated revenues, expenses, statements relate to future financial performance, results of operations, business
plans or pricing, levels of capital expenditures, intended cost reductions (including EBITDA and other measures), dividend policy, shipment
volumes, strategies, projected or anticipated revenues, expenses, earningsand cost savings, anticipated profit improvements and/or planned
volumes, pricing, levels of capital forward-looking statements are sometimes identified by the use of terms improvements and/or planned
divestitures and asset sales. Theseexpenditures, intended cost reductions and cost savings, anticipated profitand phrases such as "believe," "should,"
divestitures and asset sales. These forward-looking "intend," "plan," "will," "can," "may" or similar expressions phrases such as document. These
"would," "expect," "project," "estimate," "anticipate,"statements are sometimes identified by the use of terms andelsewhere in this"believe," "should,"
"would," "expect," "project," "estimate," "anticipate," "intend," "plan," "will," "can," but not limited expressions elsewhere in this competitive
statements are subject to numerous risks, uncertainties, and assumptions, including"may" or similarto general business conditions,document. These
statements are energy to numerous risks, uncertainties, and assumptions, the reports Vulcan periodically files with the SEC.
factors, pricing, subject costs, and other risks and uncertainties discussed inincluding but not limited to general business conditions, competitive
factors, pricing, energy costs, and other risks and uncertainties discussed in the reports Vulcan periodically files with the SEC.
Forward-looking statements are not guarantees of future performance and actual results, developments, and business decisions may vary
Forward-looking those expressed in guarantees of future performance statements. The following risks related to Vulcan's business, vary
significantly from statements are not or implied by the forward-looking and actual results, developments, and business decisions mayamong others,
significantly from those expressed in or implied by the forward-looking forward-looking statements: risks that Vulcan's intentions, among others,
could cause actual results to differ materially from those described in thestatements. The following risks related to Vulcan's business,plans and
could with actual to cost reductions, profit from those described in sales, as well as streamlining and other strategic actions adopted by and
resultscauserespectresults to differ materiallyenhancements and asset the forward-looking statements: risks that Vulcan's intentions, plansVulcan,
results be able to be realized to the desired degree or within and asset sales, period and that the results thereof will differ from those anticipated or
will not with respect to cost reductions, profit enhancements the desired timeas well as streamlining and other strategic actions adopted by Vulcan,
will not be able to be as to the timing and valuations within the realized or attainable with respect to planned asset sales; those associated with
desired; uncertaintiesrealized to the desired degree orthat may bedesired time period and that the results thereof will differ from those anticipated or
desired; uncertainties as to the timing and valuations that may be of federal, attainable with respect to infrastructure; the those of the
general economic and business conditions; the timing and amount realized or state and local funding forplanned asset sales;effects associated with
general economic and business conditions; the timing and amount of federal, state and local funding for infrastructure; the effects of the
sequestration on demand for our products in markets that may be subject to decreases in federal spending; changes in Vulcan’s effective tax rate; the
sequestration on demand for our products in markets that may be subject to decreases in federal spending; changes in Vulcan’s effective tax rate; the
increasing reliance on technology infrastructure for Vulcan’s ticketing, procurement, financial statements and other processes could adversely affect
increasing reliance on such infrastructure does for Vulcan’s ticketing, procurement, financial statements the other processes could adversely
operations in the event technology infrastructurenot work as intended or experiences technical difficulties; and impact of the state of the global affect
operations Vulcan’s businesses and financial condition and intended or experiences technical in the level the impact for private residential and
economy onin the event such infrastructure does not work as access to capital markets; changes difficulties; of spendingof the state of the global
economy on Vulcan’s construction; the highly competitive nature of the construction materials in the level of spending for private residential
private nonresidential businesses and financial condition and access to capital markets; changes industry; the impact of future regulatory or and
private nonresidential construction; the highly proceedings; pricing the construction materials industry; the impact phenomena; energy costs;
legislative actions; the outcome of pending legalcompetitive nature of of Vulcan's products; weather and other natural of future regulatory or
legislative actions; the outcome of pending legal proceedings; pricing of Vulcan's products; weather and other natural phenomena; changes in
costs of hydrocarbon-based raw materials; healthcare costs; the amount of long-term debt and interest expense incurred by Vulcan;energy costs;
costs of hydrocarbon-based raw materials; healthcare grade debt rating on Vulcan's debt and interest expense incurred by Vulcan; changes in
interest rates; the impact of Vulcan's below investmentcosts; the amount of long-termcost of capital; volatility in pension plan asset values which may
interest rates; the impact to the pension plans; the impact of debt rating on clean-up costs capital; volatility in pension plan asset values which
require cash contributionsof Vulcan's below investment grade environmental Vulcan's cost ofand other liabilities relating to previously divested may
require cash contributions to secure and plans; the impact of environmental clean-up costs and other liabilities relating to previously divested
businesses; Vulcan's ability to the pensionpermit aggregates reserves in strategically located areas; Vulcan's ability to manage and successfully
businesses; Vulcan's ability to secure goodwill or long-lived asset impairment; the potential impact of future legislation or regulations relating
integrate acquisitions; the potential ofand permit aggregates reserves in strategically located areas; Vulcan's ability to manage and successfully to
integrate acquisitions; the potential of goodwill or definition asset impairment; the assumptions, risks future legislation detailed from relating to
climate change or greenhouse gas emissions or the long-lived of minerals; and other potential impact of and uncertainties or regulations time to time
climate change or by Vulcan with emissions or the definition of minerals; in this communication risks and uncertainties detailed this cautionary
in the reports filed greenhouse gas the SEC. All forward-looking statementsand other assumptions, are qualified in their entirety by from time to time
in the reports filed by Vulcan with the SEC. All forward-looking statements in this communication are qualified in their entirety by this except as
statement. Vulcan disclaims and does not undertake any obligation to update or revise any forward-looking statement in this documentcautionary
statement. Vulcan disclaims and does not undertake any obligation to update or revise any forward-looking statement in this document except as
required by law.
required by law.
Investor Presentation, November 2013
Investor Presentation, November 2013
2
2
3. Notes
COMPANY SNAPSHOT
Industry-Leading Position in Aggregates
Vulcan-Served States
Our value proposition and
leading position is based
upon…
1. Favorable geographic footprint
that provides attractive longterm growth prospects
2. Largest proven and probable
reserve base
3. Operational expertise and
pricing discipline which provides
attractive unit profitability
2012 Net Sales: $2.4 Billion
Aggregates Facilities: 341
95%
Headquarters: Birmingham, AL
Ticker: VMC
Company 2012 10-K Report
Investor Presentation, November 2013
3
4. Notes
BUSINESS STRATEGY
Aggregates-led Value Creation
Build and Hold Substantial Reserves
Used in virtually all types of public and private construction projects
Strategically located in high-growth markets that will require large amounts of aggregates
Aggregates operations require virtually no other raw material other than aggregates reserves
Coast-to-coast Footprint
Diversified regional exposure
Complementary asphalt, concrete and cement businesses in select markets
More opportunities to further enhance long-term earnings growth
Profitable Growth
95% of Sales are tied to aggregates
Tightly managed operational and overhead costs
Benefits of scale as the largest producer
Effective Land Management
Can lead to attractive real estate transactions
Investor Presentation, November 2013
4
5. Notes
BUSINESS STRATEGY
Positioning the Business to Maximize Future
Earnings Growth
Strategically
Positioned
75%
Share of U.S.
Population
Growth
Leading
Reserve
Position
Unit
Profitability
Continues to
Grow
15.0
27%
Billion Tons
of Aggregates
Reserves
Higher than
peak-year in
volumes
Source: Company 2012 10-K Report. As of December 31, 2012 . Unit Profitability = Cash Gross Profit / Ton. See Non-GAAP reconciliation at end of presentation.
Investor Presentation, November 2013
5
6. Notes
SHARE OF TOTAL U.S. GROWTH (2010 – 2020)
Strategically Positioned in Attractive Markets
Population Growth
VMC-Served States
CA,FL,TX
43%
69%
38%
62%
Household Formation
74%
33%
Employment Growth
CA, FL and TX accounted for more than 40% of total sales in 2012. Source: Moody’s Analytics as of June 2013
Investor Presentation, November 2013
6
7. Notes
MOST RECENT FULL YEAR FINANCIAL RESULTS
Operating Leverage Driven by Higher Pricing and
Effective Cost Control
Gross Profit Margin
Adjusted EBITDA Margin
17.1%
13.9%
14.6%
11.8%
2011
2012
Aggregates Gross Profit Margin
2011
Aggregates Cash Gross Profit per Ton
$4.21
20.4%
17.7%
2011
2012
$4.01
2012
2011
2012
Note: Please see Non-GAAP reconciliations at the end of this presentation. Aggregates Gross Profit Margin calculated using Segment Total Revenues.
Investor Presentation, November 2013
7
8. Notes
CURRENT YEAR FINANCIAL RESULTS–YTD SEPT. 30,2013
Margin Expansion and Earnings Improvement in Each
Operating Segment
Net Sales up 8% and Gross Profit up 21%
Broad-based improvement in aggregates pricing, up 3%
Aggregates volumes up 2%, despite extremely wet weather in 1H’13
Concrete and Cement volumes up 13% and 14% respectively
Gross Profit Margin up 180 basis points
Aggregates earnings up 11%
Non-aggregates earnings improvement of $24 million
EPS Improvement of $0.53 per diluted share
Improved Credit Metrics
Net Debt / EBITDA 4.5x, down from 6.9x
Note: Please see Non-GAAP reconciliations at the end of this presentation. Margin calculated using Net Sales.
Investor Presentation, November 2013
8
9. Notes
CASH GROSS PROFIT PER TON OF AGGREGATES
Unit Profitability That Was Maintained Throughout the
Downturn, Now Beginning to Grow
2012 Profitability is higher than prior year and 32% higher than peak-year in volumes (2005)
Tons in Millions. Note: Please see Non-GAAP reconciliations at the end of this presentation.
Investor Presentation, November 2013
9
10. Notes
AGGREGATES PRICE GROWTH (INDEX, 1992=100)
Vulcan Consistently Outperforms, Contributing to Higher
Unit Profitability
CAGR
’92-’02 ’02-’12
Vulcan
3.6%
6.4%
Industry*
2.8%
5.3%
Note: Historical performance is not a guarantee or assurance of future performance nor that previous results will be attained or surpassed.
*Industry = Producer Price Index for Aggregates reported by the U.S. Bureau of Labor Statistics. For comparison purposes, Vulcan price not freight adjusted.
Investor Presentation, November 2013
10
11. Notes
SAG EXPENSES
Reduced During the Downturn. Well Positioned to
Leverage ERP Investment and Shared Services
Total SAG down $115
million from 2007
(31% decrease)
Millions of $
Source: Company filings Note: 2007 SAG includes Florida Rock on a pro forma basis ($84.5M).
Investor Presentation, November 2013
11
12. Notes
2012 CASH FLOW BRIDGE
De-Risking the Balance Sheet Through Higher Cash
Generation from Operations and Asset Sales
Sources of Cash
Uses of Cash
Operating activities, less debt
service costs, generated $121
million of cash in 2012
Progress on Planned Asset Sales
coincidently offset cash used for
debt maturities and exchange
offer defense costs
VPP = Volumetric Production Payment. Exchange Offer = Costs incurred as a result of an unsolicited exchange offer initiated by Martin Marietta Materials on December 12, 2011 and subsequently withdrawn in 2012.
Investor Presentation, November 2013
12
13. Notes
BALANCE SHEET
Significant Financial and Operational Flexibility With
Limited Near-Term Maturities
Amounts in Millions, except ratios
Total Debt
Cash and Cash Equivalents
Net Debt
Net Debt / TTM EBITDA
2013
As of Sept 30
2012
2011
$ 2,524
246
$ 2,278
$ 2,813
243
$ 2,569
$ 2,821
152
$ 2,669
4.5
6.9
6.6
Favorable debt maturity profile with substantial liquidity
Minimal maturities of $150 million over the next three years
$500 million line of credit (1)
Limited financial covenants
(1) Line
of credit is an Asset Based Lending facility: $500 million 5 year facility expiring March 2018.
Investor Presentation, November 2013
13
14. Notes
AGGREGATES DEMAND IN VULCAN MARKETS (1972=100)
Vulcan’s Key Markets Are Leveraged to Favorable LongTerm Growth Prospects
Aggregate demand
significantly below
population trend line.
Source: Company estimates of aggregates demand using data from Woods & Poole CEDDS.
Investor Presentation, November 2013
14
15. Notes
U.S. AGGREGATES DEMAND (MILLIONS OF TONS)
Privately Funded Construction Accounts for Most of
the Cyclicality
Source: Company estimates of aggregates demand.
Investor Presentation, November 2013
15
16. Notes
U.S. HOUSING STARTS
Growth Bodes Well for Continued Recovery in Our Markets
Year-over-Year % Change in TTM – September 2013
Notes: States sorted high to low by largest absolute change in TTM housing starts.. For example, of the Vulcan-served states shown, FL had the largest absolute change and TX the next largest.
Source: McGraw-Hill and Company Estimates. TTM = Trailing Twelve Months. Includes both Single-family and Multi-family
Investor Presentation, November 2013
16
17. Notes
U.S. PRIVATE NONRESIDENTIAL
Growth in Residential is Helping Drive Growth in Private
Nonresidential Buildings
YoY Chg. TTM
Housing +23%
Private NR +10%
Source: McGraw-Hill and Company Estimates. TTM = Trailing Twelve Months.
Investor Presentation, November 2013
17
18. Notes
PRIVATE NONRESIDENTIAL
Another Leading Indicator, the ABI, Has Remained Above
50 for 11 of the Last 12 Months
Architectural Billing Index – Monthly Value
A value greater than 50
indicates an increase in
billing activity from the
prior month.
Note: The Architectural Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards Survey conducted by the AIA Economics & Market Research Group
Investor Presentation, November 2013
18
19. Notes
PUBLIC CONSTRUCTION - HIGHWAYS
More Stabile and Predictable Funding Environment Leads
to Improving Construction Activity
Growth in TTM Contract Awards for New Highway Projects
U.S. +7% and Vulcan-served states +11%
Growth in Obligation of Regular Highway Program Funds
Obligated $ greater than any year since 2009 (last year of SAFETEA-LU)
Increased State-led Highway Funding Initiatives
TIFIA Funding Authorization Expanded in MAP-21
$1.75 billion of funding authorization could support up to $50 billion of new
construction 1
As of June 2013. Sources: The American Road & Transportation Builders Association, McGraw-Hill and Company Estimates.
Investor Presentation, November 2013
1
U.S. Department of Transportation Secretary July 27, 2012
19
20. Notes
PUBLIC CONSTRUCTION
Vulcan States Should Get a Disproportionate Number of
TIFIA-funded Projects
$74Bn of Potential
Projects Submitted
12 projects
$14 billion
>60%
Share of Total Project $
in Vulcan Markets
5 projects
$9 billion
3 projects
$3 billion
4 projects
$3 billion
Enacted in 1998 to provide Federal credit assistance
for eligible transportation projects and stimulate private
capital investment.
Each dollar put into TIFIA can provide approximately
$10 in loans and support up to $30 in infrastructure
investment.
MAP-21 Funding Authorization: $1.75 billion over
two years (FY’13 & FY’14). Signed into law July 2012.
Investor Presentation, November 2013
14 projects
$13 billion
LA, FL and GA
4 projects
$4 billion
59 projects submitted for approval as of August 2013 totaling $74 billion. Includes FY 2011-FY 2013
20
21. Notes
SUMMARY – VULCAN’S VALUE PROPOSITION
Well Positioned to Capitalize on Market Recovery
Superior Aggregates
Operations
Strong Operating
Leverage
Largest reported reserve
base
Attractive unit
profitability
Favorable long term
growth prospects
Cost reduction initiatives
resetting mid-cycle
EBITDA to new, higher
level
Benefits of scale
Operational expertise and
pricing growth
Attractive real estate
opportunities
Investor Presentation, November 2013
Favorable trends in
private construction
activity
De-Risked Balance
Sheet
Substantial liquidity
Moderate debt maturity
profile
Commitment to
strengthening balance
sheet
Commitment to restore a
meaningful dividend
New multi-year Federal
Highway Bill
21
23. Notes
APPENDIX
Reconciliation of Non-GAAP Financial Measures
Amounts in millions of dollars, except per ton data
Generally Accepted Accounting Principles (GAAP) does not define "Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)" and "aggregates segment cash gross profit."
Thus, they should not be considered as an alternative to any earnings measure defined by GAAP. We present these metrics for the convenience of investment professionals who use such
metrics in their analysis, and for shareholders who need to understand the metrics we use to assess performance. The investment community often uses these metrics as indicators of a
company's ability to incur and service debt. We use cash gross profit, EBITDA and other such measures to assess the operating performance of our various business units and the
consolidated company. Additionally, we adjust EBITDA for certain items to provide a more consistent comparison of performance from period to period. We do not use these metrics as a
measure to allocate resources. Reconciliations of these metrics to their nearest GAAP measures are presented below:
EBITDA
EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation and Amortization.
Aggregates Segment Cash Gross Profit
Aggregates segment cash gross profit adds back noncash charges for depreciation, depletion, accretion and amortization to gross profit.
EBITDA and Adjusted EBITDA
Net earnings (loss)
Provision (benefit) for income taxes
Interest expense, net
Discontinued operations, net of tax
EBIT
YTD
YTD
12/31/12 12/31/11
(52.6)
(66.5)
211.9
(1.3)
91.5
(70.8)
(78.4)
217.2
(4.5)
63.5
Plus: Depr., depl., accretion and amort.
332.0
361.7
EBITDA
Legal settlement
Restructuring charges
Exchange offer costs
Gain on sale of real estate and businesses
Adjusted EBITDA
423.5
9.5
43.4
(65.1)
411.3
425.2
(46.4)
12.9
2.2
(42.1)
351.8
Trailing 12 Months EBITDA
Net earnings (loss)
Provision (benefit) for income taxes
Interest expense, net
Discontinued operations, net of tax
Depr., depl., accretion and amort.
EBITDA
Q3
2013
Q3
2012
Q3
2011
18.9
(21.2)
205.7
(3.6)
309.2
509.0
(83.9)
(97.7)
212.4
(0.4)
341.4
371.8
(89.7)
(76.2)
210.1
(5.5)
366.4
405.1
Trailing 12 Months
Aggregates Segment Cash Gross Profit
Aggregates segment gross profit
Agg. Depr., depl., accretion and amort.
Aggregates segment cash gross profit
Aggregate tons
Aggregates segment cash gross profit per ton
Q4
2012
Q3
2012
Q2
2012
Q1
2012
Q4
2011
Q3
2011
Q2
2011
Q1
2011
Q4
2010
Q3
2010
Q2
2010
Q1
2010
Q4
2009
Q3
2009
Q2
2009
Q1
2009
352.1
240.7
592.8
141.0
4.21
350.0
247.7
597.6
142.1
4.20
338.5
255.1
593.6
145.3
4.08
329.5
261.8
591.3
145.8
4.06
306.2
267.0
573.2
143.0
4.01
284.6
272.5
557.1
142.2
3.92
296.4
279.3
575.7
143.0
4.03
315.5
284.8
600.3
146.8
4.09
320.1
288.6
608.8
147.6
4.12
332.2
293.1
625.3
147.4
4.24
340.2
295.9
636.1
148.6
4.28
345.0
298.6
643.6
146.2
4.40
393.3
303.9
697.1
150.9
4.62
451.2
304.9
756.1
160.7
4.70
503.2
304.4
807.6
172.6
4.68
594.3
302.7
897.0
190.8
4.70
Aggregates segment gross profit
Agg. Depr., depl., accretion and amort.
Aggregates segment cash gross profit
Aggregates tons
Aggregates segment cash gross profit per ton
Q4
2008
657.6
299.8
957.4
204.3
4.68
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
2008
2008
2008
2007
2007
2007
2007
2006 2006
722.3
775.2
808.2
828.7
846.3
849.7
826.9
819.0 772.8
298.8
283.2
266.4
248.0
228.3
220.8
213.1
206.6 205.1
1,021.1 1,058.4 1,074.6 1,076.7 1,074.6 1,070.4 1,040.0 1,031.1 977.8
217.4
224.4
228.5
231.0
234.5
239.8
246.7
255.4 258.8
4.70
4.72
4.70
4.67
4.58
4.46
4.22
4.05 3.78
Q2
2006
732.4
203.0
935.3
263.6
3.55
Q1
2006
690.4
202.7
893.1
265.3
3.37
Q4
2005
650.0
201.6
828.7
259.5
3.20
Q3
2005
591.9
197.7
789.7
255.0
3.10
Q2
2005
565.5
194.4
759.9
252.6
3.01
Q1
2005
524.1
191.8
715.9
245.8
2.91
Source: Company filings
Investor Presentation, November 2013
22
24. Notes
APPENDIX – SIMPLIFIED GEOLOGY MAP
Below the Geological Fall Line, Little or No Hard Rock
Aggregates Reserves Suitable for Mining
Investor Presentation, November 2013
23
25. Notes
APPENDIX
Comprehensive Distribution Network to Serve Attractive
Markets With Reserves
65 truckloads per barge
$0.02-0.03 per ton mile
Geological Fall Line
4-5 truckloads per rail car
$0.04-0.12 per ton mile
20-25 tons per truck
$0.15-0.35 per ton mile
2,500 truckloads per ship
Less than $0.01 per ton mile
Investor Presentation, November 2013
Note: Per ton mile costs exclude loading and unloading.
24
30. Notes
APPENDIX
Other Information
Registrar and Transfer Listing:
Computershare Shareowner Services LLC
Shareholder Services:
(866) 886-9902 (toll free inside the U.S. and Canada)
(201) 680-6578 (outside the U.S. and Canada, may call collect)
(800) 231-5469 (TDD, hearing impaired)
Internet: computershare.com/investor
Independent Auditors:
Deloitte & Touche LLP
Birmingham, Alabama
Investor Relations:
Mark Warren
Telephone: (205) 298-3191
Email: ir@vmcmail.com
Media Relations:
David Donaldson
Telephone: (205) 298-3220
Email: media@vmcmail.com
Investor Presentation, November 2013
1200 Urban Center Drive
Birmingham, AL 35242-2545
Telephone: (205) 298-3000
Fax: (205) 298-2963
29