- 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 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.
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 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.
Vulcan Materials' strategy focuses on leveraging its strength in aggregates, which are essential construction materials. The company has the largest proven reserves of aggregates and operates in markets that represent a high percentage of US population and economic growth. Vulcan aims to maximize long-term earnings growth through strong operational performance, cost controls, and strategic positioning in attractive regions.
Goldman Sachs US Financial Services Conference 2017 presentation outlines Evercore's goal of becoming the most elite and respected independent investment bank. It discusses Evercore's differentiated platform of integrated capabilities across M&A advisory, capital markets, and investment management. The presentation also notes current supportive market conditions and Evercore's strategic expansion diversifying its geographic footprint and industry expertise to drive continued growth.
This document provides an investor update from Devon Energy (DVN) regarding its business and operations. It lists investor relations contacts and provides forward-looking statements and non-GAAP information disclosures. The main points are that Devon has a premier asset portfolio focused on top North American resource plays, significant financial strength following asset divestitures raising $3.2 billion, and is delivering top-tier results while disciplinedly allocating capital. Key areas discussed include the STACK play in Oklahoma where Devon has a large position and is accelerating activity, and the Meramec formation within STACK which is emerging as one of the best oil resource plays in North America.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclosures about forward-looking statements, use of non-GAAP measures, and SEC resource definitions. The rest of the document discusses Devon's asset portfolio and operational strategy, highlighting its leading position in top U.S. resource plays like the STACK and Delaware Basin and plans to increase productivity while lowering costs.
Sysco is presenting at a consumer conference to discuss its strategic plan and financial objectives over the next three years. The plan focuses on growing gross profit through local case growth and margin improvement, reducing supply chain and administrative costs, and leveraging technology and people. Sysco has achieved $410 million in operating income improvements so far, is on track to meet EPS targets, and has a ROIC of 13.1%, demonstrating strong initial results toward its three-year goals.
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.
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 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.
Vulcan Materials' strategy focuses on leveraging its strength in aggregates, which are essential construction materials. The company has the largest proven reserves of aggregates and operates in markets that represent a high percentage of US population and economic growth. Vulcan aims to maximize long-term earnings growth through strong operational performance, cost controls, and strategic positioning in attractive regions.
Goldman Sachs US Financial Services Conference 2017 presentation outlines Evercore's goal of becoming the most elite and respected independent investment bank. It discusses Evercore's differentiated platform of integrated capabilities across M&A advisory, capital markets, and investment management. The presentation also notes current supportive market conditions and Evercore's strategic expansion diversifying its geographic footprint and industry expertise to drive continued growth.
This document provides an investor update from Devon Energy (DVN) regarding its business and operations. It lists investor relations contacts and provides forward-looking statements and non-GAAP information disclosures. The main points are that Devon has a premier asset portfolio focused on top North American resource plays, significant financial strength following asset divestitures raising $3.2 billion, and is delivering top-tier results while disciplinedly allocating capital. Key areas discussed include the STACK play in Oklahoma where Devon has a large position and is accelerating activity, and the Meramec formation within STACK which is emerging as one of the best oil resource plays in North America.
This document provides contact information for Devon Energy's investor relations team. It also includes standard legal disclosures about forward-looking statements, use of non-GAAP measures, and SEC resource definitions. The rest of the document discusses Devon's asset portfolio and operational strategy, highlighting its leading position in top U.S. resource plays like the STACK and Delaware Basin and plans to increase productivity while lowering costs.
Sysco is presenting at a consumer conference to discuss its strategic plan and financial objectives over the next three years. The plan focuses on growing gross profit through local case growth and margin improvement, reducing supply chain and administrative costs, and leveraging technology and people. Sysco has achieved $410 million in operating income improvements so far, is on track to meet EPS targets, and has a ROIC of 13.1%, demonstrating strong initial results toward its three-year goals.
04 15-15 april investor presentation wc-finalAES_BigSky
This document provides an overview of The AES Corporation, including its business operations, portfolio, financial guidance, and growth strategy. Key points include: AES operates in 6 strategic business units across 21 countries, with 34,732 MW of power generation capacity. For 2015, AES expects adjusted EPS of $1.25-$1.35 driven by new businesses coming online, despite currency and commodity headwinds. Beyond 2015, AES expects average annual adjusted EPS growth of 6-8% through 2018 from its $1.5 billion construction program that is already 70% funded.
03 09-15 march investor presentation finalAES_BigSky
This document discusses The AES Corporation's value proposition and future growth outlook. It notes that AES has taken steps to mitigate challenges like currency and commodity changes that reduced 2015 EPS guidance. It highlights the management's track record of improving profitability and allocating capital efficiently. The presentation outlines a largely funded construction program that is expected to drive 6-8% annual EPS growth in 2017-2018. It also forecasts 10-15% annual free cash flow growth from 2015-2018 and an average EPS growth rate of around 5% annually over this period. The document positions AES as offering an attractive free cash flow valuation and competitive dividend with above-average growth potential.
QTS reported strong first quarter 2020 financial results, with revenue growth of 8.5% and adjusted EBITDA growth of 13.5% outpacing revenue. Leasing activity was driven by continued hyperscale strength as well as steady enterprise demand, with Q1 leasing 15% above the prior four quarter average. QTS remains focused on the safety of employees and customers during the COVID-19 pandemic while maintaining business continuity and operational resilience across its data centers.
Grupo Supervielle is a leading universal financial services provider in Argentina. It operates a nationwide distribution network of over 300 access points. In the second quarter of 2016, Supervielle began delivering on its growth strategy, though its consumer portfolio was impacted by high inflation and lower short-term economic expectations. Supervielle aims to utilize its new capital to further grow its business, focusing on consumer finance, retirees, small- and medium-sized enterprises, and middle market clients. The company sees potential for continued strong growth in its core business areas.
- Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines and terminals and other midstream assets.
- PSXP has a balanced portfolio of assets with long-term, fee-based contracts providing stable cash flows. Recent acquisitions and organic growth projects will further expand the portfolio.
- PSXP is targeting 30% annual distribution growth through 2018 while maintaining investment grade credit ratings and annual distribution coverage of at least 1.1x.
This presentation provides an overview of Enbridge Energy Partners and its investment proposition. EEP has an attractive yield of 7.1% and total shareholder return of 11% over 10 years. It owns strategic energy infrastructure assets including large pipeline systems transporting crude oil and natural gas across North America. EEP has a secured capital program of over $8 billion to expand these systems and connect growing supply regions to new markets, supported by long-term commercial agreements.
US Foods reported positive Q1 2017 results with 6.1% growth in adjusted EBITDA. Volume grew 4% driven by increases across all customer types including independent restaurants and healthcare. Management was pleased with progress on their strategic plan and cost savings initiatives. The company also completed two acquisitions in the quarter and maintained a strong balance sheet and liquidity. Full year 2017 guidance was unchanged with expectations for 7-10% adjusted EBITDA growth and 15-20% net income growth.
- Masonite reported 3Q16 net sales of $489.6 million, up 3% from 3Q15. Adjusted EBITDA increased 29% to $65.1 million.
- North American residential sales grew 11% due to strength in both retail and wholesale channels. Adjusted EBITDA margin expanded 210 bps.
- Europe sales declined 11% from foreign exchange impacts, but adjusted EBITDA grew 34% driven by portfolio optimization and higher average selling prices.
- Architectural sales grew 3% and adjusted EBITDA margin increased 110 bps from price increases.
- The company remains focused on operational efficiencies, new product innovation, and digital strategies to support long-term growth
This document provides information about Phillips 66's 2016 Annual Meeting of Shareholders held on May 4, 2016 in Houston, TX. It includes highlights from 2015 such as donating over $22 million to education and charities and hiring 25% of new refining employees as veterans. The presentation discusses Phillips 66's strategy of operational excellence, growth, returns, and having a high-performing organization. Financial details are provided on adjusted EBITDA, capital expenditures, returns on capital employed, and shareholder distributions through dividends and share repurchases.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
Cowen & company health care conference march 7 2017 presentationimpax-labs
Impax provides a summary of its business operations and priorities for 2017. The company operates both specialty pharmaceutical and generic drug divisions. For its specialty division, Impax focuses on growing its Parkinson's drug Rytary and developing a next generation version. Its generic division has a diversified portfolio of 72 approved products and a pipeline of 43 potential products, including several opportunities for first-to-file or first-to-market generics. For 2017, Impax priorities include executing on specialty growth, maximizing generic profits, launching new generics, finding cost savings, and diversifying its portfolio.
The document is an investor presentation by SciQuest, a provider of spend management software. It summarizes SciQuest's business, financial highlights, and growth opportunities. SciQuest has a large addressable market that is growing and underpenetrated. It provides a cloud-based software suite that delivers proven ROI and customer satisfaction. SciQuest has over 500 customers, high recurring revenue from multi-year subscriptions, and strong cash flow conversion.
Using the World Industry Service to stress test credit portfolios. The document outlines a framework for using macroeconomic models and industry performance simulations to assess the impact of stress scenarios on the credit quality of industry exposures within a portfolio. Key steps include identifying stress factors, simulating their macroeconomic effects, analyzing resulting industry sales/profit impacts, and calculating changes in financial ratios to determine industry/portfolio credit migration. The goal is to evaluate portfolio vulnerability and capital needs under unlikely but plausible downside scenarios.
The document provides an overview of forward-looking statements and assumptions regarding Antero Midstream Partners LP and Antero Resources Corporation. It summarizes that any projections are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Our ability to make future distributions is substantially dependent on Antero Resources' development plan, which itself depends on its board's annual approval of the capital budget considering expected commodity prices, contractual obligations, and capital resources at that time.
- Cardinal Health reported financial results for Q2 FY2017 with total revenue of $33.15 billion, a 5% increase over the prior year. Operating earnings were $542 million, a 4% decrease.
- The Pharmaceutical segment saw 5% revenue growth but a 14% decline in segment profit due to generic drug pricing and loss of a customer. The Medical segment had 8% revenue growth and 50% increase in segment profit driven by contributions from Cordis.
- For FY2017, Cardinal expects revenue growth in the high-single digits and non-GAAP diluted EPS between $5.35-$5.50, up from $5.24 in FY2016. The Pharmaceutical segment outlook
This investor presentation provides an overview of The Critical Materials Company (AMG) and its business. Some key points:
- AMG is a leading global supplier of critical materials used in innovative technologies. It has expertise in managing complex global supply chains for materials facing supply risks.
- Global trends like reducing CO2 emissions are increasing demand for critical materials used in applications like more fuel efficient aircraft engines.
- AMG has a diversified portfolio of critical materials including those identified as priorities by the EU and US. It has global production, recycling, and processing facilities.
- Financial highlights show increasing profitability, a 38% rise in pre-tax profits in 2015, and a reduction in net debt to -$1.
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
- The document discusses Aimia's Q3 2013 financial highlights and year-to-date 2013 consolidated financial results. Key highlights include 7.4% growth in gross billings and 4.5% growth in adjusted EBITDA compared to last year.
- Gross billings growth was driven by strong performance in US & APAC (+29.5% cc) and Canada (+3.2%), partially offset by declines in EMEA (+1.7% cc).
- On a year-to-date basis, gross billings increased 4.9% to $1.7 billion. However, operating income declined due to a $683.6 million breakage adjustment related to changes in the
Csod investor deck second quarter finalircornerstone
This presentation provides an overview of Cornerstone OnDemand's corporate strategy and financial performance. It discusses Cornerstone's evolution over the past 15 years from a smaller company focused on learning management to a global leader in talent management solutions. The presentation highlights Cornerstone's growing customer base, expanding global footprint, and market opportunities in new industries, geographies, and talent management areas. Financial metrics show strong, consistent growth in revenue, bookings, and revenue per user over recent years.
Carfinco Financial Group Inc. is a uniquely positioned auto finance company that has delivered consistent 20% annual growth. It provides financing to "non-prime" credit customers through over 1,600 dealer partnerships across Canada. Carfinco has refined credit risk management practices and vertically integrated operations that have supported strong and growing financial returns, including impressive annual returns on equity of over 50%. The leadership team emphasizes continued growth and maintaining dividend payments.
This presentation summarizes ACT's business characteristics as a publicly-traded biotechnology company developing cellular therapies for diseases impacting hundreds of millions. ACT has multiple pluripotent stem cell platforms including embryonic stem cells and induced pluripotent stem cells. Their retinal pigment epithelium cell therapy clinical program is treating dry age-related macular degeneration and Stargardt's macular dystrophy. Preliminary results show no safety issues and signs of engraftment and visual improvement. ACT is expanding their clinical programs and developing additional ocular therapies while maintaining intellectual property protection.
El Paso Electric is a regulated electric utility serving west Texas and southern New Mexico. It has a rate regulated business model with no retail competition. The document discusses El Paso Electric's service territory, generating capabilities, regulatory environment, capital expenditure plans, and growth opportunities from increasing demand in its service area. It notes above average customer and retail sales growth compared to industry averages, driven by economic and population growth in El Paso from the expanding Mexican economy and growth at Fort Bliss military base.
04 15-15 april investor presentation wc-finalAES_BigSky
This document provides an overview of The AES Corporation, including its business operations, portfolio, financial guidance, and growth strategy. Key points include: AES operates in 6 strategic business units across 21 countries, with 34,732 MW of power generation capacity. For 2015, AES expects adjusted EPS of $1.25-$1.35 driven by new businesses coming online, despite currency and commodity headwinds. Beyond 2015, AES expects average annual adjusted EPS growth of 6-8% through 2018 from its $1.5 billion construction program that is already 70% funded.
03 09-15 march investor presentation finalAES_BigSky
This document discusses The AES Corporation's value proposition and future growth outlook. It notes that AES has taken steps to mitigate challenges like currency and commodity changes that reduced 2015 EPS guidance. It highlights the management's track record of improving profitability and allocating capital efficiently. The presentation outlines a largely funded construction program that is expected to drive 6-8% annual EPS growth in 2017-2018. It also forecasts 10-15% annual free cash flow growth from 2015-2018 and an average EPS growth rate of around 5% annually over this period. The document positions AES as offering an attractive free cash flow valuation and competitive dividend with above-average growth potential.
QTS reported strong first quarter 2020 financial results, with revenue growth of 8.5% and adjusted EBITDA growth of 13.5% outpacing revenue. Leasing activity was driven by continued hyperscale strength as well as steady enterprise demand, with Q1 leasing 15% above the prior four quarter average. QTS remains focused on the safety of employees and customers during the COVID-19 pandemic while maintaining business continuity and operational resilience across its data centers.
Grupo Supervielle is a leading universal financial services provider in Argentina. It operates a nationwide distribution network of over 300 access points. In the second quarter of 2016, Supervielle began delivering on its growth strategy, though its consumer portfolio was impacted by high inflation and lower short-term economic expectations. Supervielle aims to utilize its new capital to further grow its business, focusing on consumer finance, retirees, small- and medium-sized enterprises, and middle market clients. The company sees potential for continued strong growth in its core business areas.
- Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines and terminals and other midstream assets.
- PSXP has a balanced portfolio of assets with long-term, fee-based contracts providing stable cash flows. Recent acquisitions and organic growth projects will further expand the portfolio.
- PSXP is targeting 30% annual distribution growth through 2018 while maintaining investment grade credit ratings and annual distribution coverage of at least 1.1x.
This presentation provides an overview of Enbridge Energy Partners and its investment proposition. EEP has an attractive yield of 7.1% and total shareholder return of 11% over 10 years. It owns strategic energy infrastructure assets including large pipeline systems transporting crude oil and natural gas across North America. EEP has a secured capital program of over $8 billion to expand these systems and connect growing supply regions to new markets, supported by long-term commercial agreements.
US Foods reported positive Q1 2017 results with 6.1% growth in adjusted EBITDA. Volume grew 4% driven by increases across all customer types including independent restaurants and healthcare. Management was pleased with progress on their strategic plan and cost savings initiatives. The company also completed two acquisitions in the quarter and maintained a strong balance sheet and liquidity. Full year 2017 guidance was unchanged with expectations for 7-10% adjusted EBITDA growth and 15-20% net income growth.
- Masonite reported 3Q16 net sales of $489.6 million, up 3% from 3Q15. Adjusted EBITDA increased 29% to $65.1 million.
- North American residential sales grew 11% due to strength in both retail and wholesale channels. Adjusted EBITDA margin expanded 210 bps.
- Europe sales declined 11% from foreign exchange impacts, but adjusted EBITDA grew 34% driven by portfolio optimization and higher average selling prices.
- Architectural sales grew 3% and adjusted EBITDA margin increased 110 bps from price increases.
- The company remains focused on operational efficiencies, new product innovation, and digital strategies to support long-term growth
This document provides information about Phillips 66's 2016 Annual Meeting of Shareholders held on May 4, 2016 in Houston, TX. It includes highlights from 2015 such as donating over $22 million to education and charities and hiring 25% of new refining employees as veterans. The presentation discusses Phillips 66's strategy of operational excellence, growth, returns, and having a high-performing organization. Financial details are provided on adjusted EBITDA, capital expenditures, returns on capital employed, and shareholder distributions through dividends and share repurchases.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations and financial position, highlighting its high-quality asset portfolio including top positions in the STACK and Delaware Basin plays, significant financial strength following asset sales, and a focus on capital discipline and returns.
Cowen & company health care conference march 7 2017 presentationimpax-labs
Impax provides a summary of its business operations and priorities for 2017. The company operates both specialty pharmaceutical and generic drug divisions. For its specialty division, Impax focuses on growing its Parkinson's drug Rytary and developing a next generation version. Its generic division has a diversified portfolio of 72 approved products and a pipeline of 43 potential products, including several opportunities for first-to-file or first-to-market generics. For 2017, Impax priorities include executing on specialty growth, maximizing generic profits, launching new generics, finding cost savings, and diversifying its portfolio.
The document is an investor presentation by SciQuest, a provider of spend management software. It summarizes SciQuest's business, financial highlights, and growth opportunities. SciQuest has a large addressable market that is growing and underpenetrated. It provides a cloud-based software suite that delivers proven ROI and customer satisfaction. SciQuest has over 500 customers, high recurring revenue from multi-year subscriptions, and strong cash flow conversion.
Using the World Industry Service to stress test credit portfolios. The document outlines a framework for using macroeconomic models and industry performance simulations to assess the impact of stress scenarios on the credit quality of industry exposures within a portfolio. Key steps include identifying stress factors, simulating their macroeconomic effects, analyzing resulting industry sales/profit impacts, and calculating changes in financial ratios to determine industry/portfolio credit migration. The goal is to evaluate portfolio vulnerability and capital needs under unlikely but plausible downside scenarios.
The document provides an overview of forward-looking statements and assumptions regarding Antero Midstream Partners LP and Antero Resources Corporation. It summarizes that any projections are based on certain assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Our ability to make future distributions is substantially dependent on Antero Resources' development plan, which itself depends on its board's annual approval of the capital budget considering expected commodity prices, contractual obligations, and capital resources at that time.
- Cardinal Health reported financial results for Q2 FY2017 with total revenue of $33.15 billion, a 5% increase over the prior year. Operating earnings were $542 million, a 4% decrease.
- The Pharmaceutical segment saw 5% revenue growth but a 14% decline in segment profit due to generic drug pricing and loss of a customer. The Medical segment had 8% revenue growth and 50% increase in segment profit driven by contributions from Cordis.
- For FY2017, Cardinal expects revenue growth in the high-single digits and non-GAAP diluted EPS between $5.35-$5.50, up from $5.24 in FY2016. The Pharmaceutical segment outlook
This investor presentation provides an overview of The Critical Materials Company (AMG) and its business. Some key points:
- AMG is a leading global supplier of critical materials used in innovative technologies. It has expertise in managing complex global supply chains for materials facing supply risks.
- Global trends like reducing CO2 emissions are increasing demand for critical materials used in applications like more fuel efficient aircraft engines.
- AMG has a diversified portfolio of critical materials including those identified as priorities by the EU and US. It has global production, recycling, and processing facilities.
- Financial highlights show increasing profitability, a 38% rise in pre-tax profits in 2015, and a reduction in net debt to -$1.
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
- The document discusses Aimia's Q3 2013 financial highlights and year-to-date 2013 consolidated financial results. Key highlights include 7.4% growth in gross billings and 4.5% growth in adjusted EBITDA compared to last year.
- Gross billings growth was driven by strong performance in US & APAC (+29.5% cc) and Canada (+3.2%), partially offset by declines in EMEA (+1.7% cc).
- On a year-to-date basis, gross billings increased 4.9% to $1.7 billion. However, operating income declined due to a $683.6 million breakage adjustment related to changes in the
Csod investor deck second quarter finalircornerstone
This presentation provides an overview of Cornerstone OnDemand's corporate strategy and financial performance. It discusses Cornerstone's evolution over the past 15 years from a smaller company focused on learning management to a global leader in talent management solutions. The presentation highlights Cornerstone's growing customer base, expanding global footprint, and market opportunities in new industries, geographies, and talent management areas. Financial metrics show strong, consistent growth in revenue, bookings, and revenue per user over recent years.
Carfinco Financial Group Inc. is a uniquely positioned auto finance company that has delivered consistent 20% annual growth. It provides financing to "non-prime" credit customers through over 1,600 dealer partnerships across Canada. Carfinco has refined credit risk management practices and vertically integrated operations that have supported strong and growing financial returns, including impressive annual returns on equity of over 50%. The leadership team emphasizes continued growth and maintaining dividend payments.
This presentation summarizes ACT's business characteristics as a publicly-traded biotechnology company developing cellular therapies for diseases impacting hundreds of millions. ACT has multiple pluripotent stem cell platforms including embryonic stem cells and induced pluripotent stem cells. Their retinal pigment epithelium cell therapy clinical program is treating dry age-related macular degeneration and Stargardt's macular dystrophy. Preliminary results show no safety issues and signs of engraftment and visual improvement. ACT is expanding their clinical programs and developing additional ocular therapies while maintaining intellectual property protection.
El Paso Electric is a regulated electric utility serving west Texas and southern New Mexico. It has a rate regulated business model with no retail competition. The document discusses El Paso Electric's service territory, generating capabilities, regulatory environment, capital expenditure plans, and growth opportunities from increasing demand in its service area. It notes above average customer and retail sales growth compared to industry averages, driven by economic and population growth in El Paso from the expanding Mexican economy and growth at Fort Bliss military base.
Era Infra Engineering Ltd. is an infrastructure development company with interests in engineering, construction, real estate, and pre-engineered buildings. It has over two decades of experience with 200+ completed projects and 100+ ongoing projects across India. The presentation provides an overview of Era Infra, its subsidiaries and verticals, key management personnel, order book and ongoing projects in areas such as roads, power, railways, metros, and social infrastructure. It also outlines the company's strategic roadmap to target larger projects, expand globally, and focus on new infrastructure segments.
The document discusses the Bomboré gold deposit located in Burkina Faso, West Africa. It contains over 5 million ounces of gold resources. The deposit remains open at depth and has potential to grow further. Bomboré is owned by Orezone Gold Corporation, which has a strong cash position and experienced management team. Upcoming catalysts for the project include drilling results and a full feasibility study later in 2013.
Dundee Precious Metals is building a mid-tier, low-cost precious metals producer with operating assets in Bulgaria, Armenia, and Namibia. In 2012, the company achieved record gold production at decreasing cash costs. Key priorities include organic growth through projects like the Chelopech Pyrite Project and Kapan expansion, as well as greenfield and brownfield exploration to increase reserves. Dundee aims to maintain a strong financial position while focusing on increasing production and reducing costs across its portfolio of assets.
This document discusses the Donlin Gold project in Alaska. It begins with cautionary statements regarding forward-looking statements and scientific and technical information. The rest of the document then discusses Donlin Gold as having world-class scale and grade, being the largest gold development project in North America, its excellent exploration potential, and Novagold's goals to advance the project on time and on budget through 2013.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing assets, growing organically, and pursuing value-adding acquisitions. It has diversified high-quality assets including the Chelopech mine, Kapan mine, planned Krumovgrad project, and unique Tsumeb smelter. The company aims to increase production and extend mine lives while reducing costs, and has a pipeline of growth opportunities. Trading at a significant discount to peers, Dundee Precious Metals offers compelling value as it increases production and cash flow over the next few years.
MPH Ventures Corp. owns projects focused on molybdenum, graphite, and gold in Canada. It has a molybdenum deposit in Ontario with an indicated resource of 2.7 million tonnes and inferred resource of 12.4 million tonnes. The company also has a graphite property adjacent to a major discovery and gold projects near Timmins, Ontario with drill results of up to 6.5 g/t gold over 8 meters. MPH Ventures is led by a management team with extensive experience advancing mineral exploration projects.
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.
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.
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
- 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.
The document discusses Morgan Stanley's MLP Bus Tour and provides an overview of EnLink Midstream. It notes that EnLink has stable cash flows from long-term fee-based contracts, including a significant portion from its sponsor Devon Energy. It is focused on executing in its core areas of Oklahoma, Permian Basin, and Louisiana. EnLink has a strong financial position as an investment grade company with a $1.5 billion credit facility and high-quality customers.
The document summarizes EnLink's operations report for August 2016. Key points include:
- EnLink revised 2016 guidance, increased adjusted EBITDA to $750-800 million.
- Q2 2016 results showed adjusted EBITDA of $187.4 million and cash available for distribution of $49.8 million.
- EnLink continues focus on core strategies of maximizing cash flows, executing growth projects, and providing best-in-basin service.
The document provides an operations report for August 3, 2016 that contains forward-looking statements and non-GAAP financial measures. It discusses key risks and uncertainties that could impact financial and operational results. It also contains disclaimers around the use of non-SEC compliant resource estimates and non-GAAP measures, urging investors to consider disclosures in SEC filings.
constellation energy 2008 Third Quarter Supporting Materialsfinance12
This document is a presentation of Constellation Energy's Q3 2008 earnings. It discusses how the financial crisis impacted the company's access to capital markets and liquidity. It announces that Constellation Energy entered an agreement to be acquired by MidAmerican Energy Holdings Company to avoid a credit downgrade. The presentation discusses steps taken to reduce risk, including selling business units and lowering collateral requirements. It notes uncertainty around 2008-2009 earnings guidance due to market conditions and strategic changes.
EnLink Midstream reported strong third quarter 2016 results, with adjusted EBITDA of approximately $201 million. Operations in the core growth areas of the STACK, SCOOP, and Cana Woodford in Oklahoma performed well, with volumes on recently acquired assets up 85% compared to the first quarter. Louisiana gas volumes were near record levels at 1.75 billion cubic feet per day. EnLink remains focused on executing its $6 billion growth program through expanding existing assets and strategic acquisitions.
This presentation provides an overview of TransAlta Corporation, a power generator and marketer. Key points include:
- TransAlta has over 100 years of experience and a diversified portfolio of over 9,000 MW of generation capacity across Canada, the US, and Australia.
- The company has a proven track record of growth, having added over 1,700 MW since 2005, and sees potential for further expansion in strong markets.
- TransAlta aims to deliver shareholder value through a combination of dividend yield and growth. The company expects to generate $40-60 million in additional annual EBITDA through initiatives like the recently acquired Solomon Power Project in Australia.
- Significant upside is expected
Access Midstream Partners Investor Presentation - July 2013 Kprelosky
Headquartered in Oklahoma City, Access Midstream Partners is one of the largest midstream gathering companies in the U.S. with a diverse mix of gathering pipelines and facilities in the most attractive producing regions in North America.
Access Midstream has established a large-scale position in all of the key unconventional basins in the U.S. and has broad exposure to gathering opportunities in liquids-rich regions with extended access to the processing and fractionation segments of the midstream value chain. Access's diverse portfolio of assets are strategically located in 12 states that encompass the prolific Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica shales, and Mid-Continent areas.
Access Midstream's gathering systems are comprised of more than 6,000 miles of active gathering and transmission lines and treating facilities that provide services to approximately 7,900 wells. Our assets gather approximately 3.5 billion cubic feet (Bcf) of natural gas per day, which we believe ranks us as the largest gathering and processing master limited partnership in the U.S.
Zep Inc. presented its investor presentation for February 2014. The presentation highlighted Zep's value proposition as a seller of consumable packaged chemicals, its market opportunity across transportation, industrial/MRO, and janitorial/sanitation markets. It summarized Zep's history since spinning off in 2007, including platform acquisitions and current focus on complexity reduction. The presentation outlined Zep's financial objectives of $1 billion in revenue, annual EBITDA margin improvement, and annual EPS growth. It provided an overview of Zep's revenue drivers for fiscal 2014 and discussed its strategies for growing sales and profits profitably through margin expansion and returning high ROIC.
Zep Inc. held an investor presentation in August 2014 to provide an overview of the company and its financial performance. The presentation contained the following key points:
- Zep sells highly effective chemicals and products for maintenance, cleaning, and protection across various markets. It focuses on transportation, industrial/MRO, and janitorial/sanitation industries.
- The company has experienced strong revenue growth through acquisitions completed since 2009. It has also improved EBITDA margins and return on invested capital.
- Zep generates consistent cash flow that it uses to fund operations and debt payments. However, a recent fire at its aerosol plant may impact sales and costs in the near future until production is
Zep Inc. provides a company overview and discusses its markets, brands, and strategic initiatives. Key points include:
- Zep sells highly effective chemicals to maintain, clean, and protect assets in transportation, industrial, and janitorial markets.
- It has a trusted family of brands and markets over 4,000 formulas to over 200,000 customers.
- The company aims to consolidate facilities, reduce workforce, and realize cost savings from complexity reduction efforts to improve profitability.
InfraREIT provided its 2016 full year results and supplemental information. It reported solid Q4 2016 performance with an increase in lease revenue and net income in line with expectations. Key highlights included strong growth in Sharyland's service territory with peak load and distribution volume increases, as well as ongoing projects with Hunt. InfraREIT is focused on regulated transmission and distribution opportunities within its footprint, maintaining a strong financial profile to support growth, and growing dividends.
EnLink Midstream provides an overview of its business including its financial and operational highlights for 3Q 2016. Key points include refined 2016 Adjusted EBITDA guidance of $760-790 million, 3Q 2016 Adjusted EBITDA before non-controlling interest of ~$201 million, and distribution coverage ratios of 1.05x for ENLK and 1.07x for ENLC. EnLink also discusses its growth strategy, positioned across multiple basins and services, and commitment to financial strength with leverage of 3.75x debt to Adjusted EBITDA.
constellation energy Q2 2008 Earnings Presentation 2008 Second Quarterfinance12
Constellation Energy held an earnings presentation on July 31, 2008 to report on its second quarter 2008 financial results. The presentation included forward-looking statements and noted that non-GAAP financial measures would be used. Constellation Energy reported adjusted earnings per share for the second quarter of 2008 but did not provide the specific adjusted EPS number, noting it excludes special items, economic hedges, synfuel earnings, and other adjustments in order to provide a comparable view of results between periods. The Vice President of Investor Relations then introduced the Chairman, President and CEO to present further details on the company's financial performance and outlook.
This document provides an overview of Jefferies Energy Conference and includes forward-looking statements and notices about the presentation. It discusses EnLink Midstream's 3rd quarter 2016 financial highlights including refining their consolidated adjusted EBITDA guidance range to $760-790 million, achieving approximately $201 million in adjusted EBITDA before non-controlling interest for ENLK in 3Q16, and a debt ratio of approximately 3.75 times. It also includes notices about non-GAAP financial measures used and forward-looking statements.
Oshkosh Corporation provides an overview of its business and outlook for fiscal year 2015 during a presentation at the J.P. Morgan Aviation, Transportation & Industrials Conference. The company expects to nearly double earnings per share from fiscal year 2012 to fiscal year 2015 due to strong customer sentiment and upside opportunities in defense. For fiscal year 2015, Oshkosh estimates adjusted earnings per share will be in the range of $4.00 to $4.25, driven by continued execution of its MOVE strategy across all business segments.
Mark Wilson, Group Chief Executive Officer, said:
“In the first half we have taken a number of steps to deliver our investment thesis of cash flow and growth. These results show satisfactory progress in Aviva’s turnaround.
“We have achieved profit after tax of £776 million, in contrast to the £624 million loss last year. Cash flows to the Group have increased by 30% to £573 million. Our key measure of sales – value of new business – has increased 17%, driven by the UK, France, Poland, Turkey and Asia.
“Although these results continue the positive trends of the first quarter, tackling our legacy issues will take time.
“I am committed to achieving for investors what we set out to do: turning around the company to unlock the considerable value in Aviva.”
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
The document summarizes Cypress Development Corp's Clayton Valley lithium project in Nevada. Key points include:
- A Preliminary Economic Assessment shows promising economics including a 32.7% IRR and $1.45 billion NPV.
- Measured and indicated resources total 8.9 million tonnes LCE with additional inferred resources.
- The project has the potential for low-cost production due to favorable geology and metallurgy.
- Upcoming catalysts in 2019 include a metallurgical study and prefeasibility study to further de-risk the project.
Aben Resources has made a new high-grade gold discovery at its flagship Forrest Kerr project in BC's Golden Triangle region. The region is known for major gold deposits and saw $100 million in exploration spending in 2017. Recent improvements have made the Forrest Kerr project more accessible via new roads. Aben's technical team has reinterpreted historical data and identified additional exploration targets. The project covers over 23,000 hectares of prospective geology along the Forrest Kerr fault zone that is similar to other major deposits in the Golden Triangle.
Aben Resources has discovered high-grade gold zones at its Forrest Kerr project in British Columbia's Golden Triangle. The first hole of the 2018 drill program intersected four separate high-grade gold zones within 190 metres, including 331.0 g/t Au over 1.0 metre. Aben plans to expand drilling at the Boundary North Zone and test other gold anomalies identified through soil sampling. The company also holds the Justin project in Yukon and Chico project in Saskatchewan near recent discoveries.
Cypress Development Corp. owns lithium claims in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. A preliminary economic assessment found the project could have a 32.7% IRR and $1.45 billion NPV. The project would extract lithium from claystone using leaching and have average annual production of 24,042 tonnes of lithium carbonate over 40 years. Capital costs are estimated at $482 million to build a 15,000 tonne per day operation.
The document discusses Aben Resources Ltd., a gold exploration company with projects in British Columbia's Golden Triangle region and other areas of Western Canada. It provides an overview of Aben's management team and directors, flagship Forrest Kerr project, recent drilling results showing new high-grade gold discoveries, and its strategy to advance exploration through 2018. The document also briefly outlines Aben's other projects including the Chico gold project in Saskatchewan and Justin gold project in Yukon.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters thick. A maiden resource estimate calculated 3.287 million tonnes of lithium carbonate equivalent in the indicated category and 2.916 million tonnes LCE in inferred. Metallurgical tests show the claystone is acid leachable and able to recover over 80% of the lithium. Cypress plans additional drilling, engineering studies, and permitting to advance the project towards production.
- Aben Resources has three highly prospective gold projects in Western Canada including its flagship Forrest Kerr Project in BC's Golden Triangle region, which had recent drilling success expanding the Boundary North Zone.
- Management has over 100 years of combined experience in Western Canada and a proven track record of success.
- The projects have significant historic work identifying high-grade gold and robust discovery potential remains.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters. A maiden resource estimate classified over 1.3 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is leachable with over 80% lithium recovery. Cypress aims to advance the project with engineering studies and further drilling to define resources with the goal of becoming a domestic lithium producer for the growing battery market.
The document provides forward-looking statements and discusses risks associated with such statements. It notes that some statements may be deemed forward-looking and lists factors that could cause actual results to differ from forward-looking statements. The document also identifies the qualified person for the technical information as Cornell McDowell and provides Aben's trading symbols and recent share information.
The document provides an overview of Aben Resources Ltd., a mineral exploration company with gold projects in Western Canada. It summarizes Aben's three key projects - Forrest Kerr in BC's Golden Triangle region with recent drill results discovering the Boundary Zone, Chico in Saskatchewan near producing mines, and Justin in Yukon's White Gold district. It outlines the management team's expertise and provides company details like shares outstanding and trading symbols.
- Cypress Development Corp owns the Clayton Valley lithium project in Nevada located near Albemarle's Silver Peak lithium brine operation.
- Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes drilled.
- Metallurgical tests show the claystone is acid leachable with over 80% lithium extraction possible.
- Cypress aims to define a resource estimate in 2018 and advance the project with feasibility studies to develop a lithium operation.
The document discusses forward-looking statements and provides disclaimers about them. It introduces the qualified person for the technical information presented. It also lists Aben's trading symbols and recent share information including price and market capitalization.
1) Cypress Development Corp owns the Clayton Valley lithium project located next to Albemarle's Silver Peak mine in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging over 900 ppm Li to a depth of over 100 meters.
2) A maiden resource estimate classified over 1.5 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is acid leachable to extract over 80% of the lithium.
3) The project is located in a strategic location to supply the growing lithium-ion battery market in the US, with lithium demand accelerating due to the increased production of electric vehicles globally.
TerraX Minerals is a Canadian mineral exploration company focused on exploring and developing its 100% owned 772 square km Yellowknife City Gold project located adjacent to the city of Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts and has had multiple high-grade gold discoveries. TerraX has a strong management team with experience discovering and developing gold deposits and low exploration costs due to the project's excellent infrastructure and year-round access near Yellowknife.
This document discusses forward-looking statements and provides information about Aben Resources Ltd., including its stock symbols, shares outstanding, recent share price, market capitalization, and three gold exploration projects in Western Canada. It summarizes the management team's experience and the company's investment highlights. Specifically, it owns the Forrest Kerr gold project in British Columbia's Golden Triangle region, which saw successful drilling results in 2017 that led to a new discovery called the North Boundary zone.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, process engineering, and a preliminary economic assessment in 2018 to advance the project. The company sees potential for the project given growing lithium demand from electric vehicles and batteries.
TerraX Minerals is a Canadian mineral exploration company focused on exploring its 100% owned 772 square km Yellowknife City Gold project located near Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts with known deposits and past producers. TerraX has made multiple high-grade gold discoveries on the property and identified several high-priority targets for further exploration and drilling. The company has a strong management team with experience discovering and developing deposits in the region.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada that have the potential to be a significant lithium resource. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical testing shows the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to further define the resource potential.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to evaluate the project's potential.
Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling has encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging over 800 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using a weak sulfuric acid solution. Cypress plans additional drilling in 2018 and expects to publish a initial lithium resource estimate in Q1 2018 to advance the project towards a preliminary economic assessment. The project is located near existing lithium production and infrastructure to be a potential new supply of lithium for the growing battery market.
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2. 2Investor Presentation, May 2013
Important Disclosure Notes
This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and
expectations, are forward-looking statements. Generally, these statements relate to future financial performance, results of operations, business
plans or strategies, projected or anticipated revenues, expenses, earnings (including EBITDA and other measures), dividend policy, shipment
volumes, pricing, levels of capital expenditures, intended cost reductions and cost savings, anticipated profit improvements and/or planned
divestitures and asset sales. These forward-looking statements are sometimes identified by the use of terms and phrases such as "believe,"
"should," "would," "expect," "project," "estimate," "anticipate," "intend," "plan," "will," "can," "may" or similar expressions elsewhere in this document.
These statements are subject to numerous risks, uncertainties, and assumptions, including 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
significantly from those expressed in or implied by the forward-looking statements. The following risks related to Vulcan's business, among others,
could cause actual results to differ materially from those described in the forward-looking statements: risks that Vulcan's intentions, plans and results
with respect to cost reductions, profit enhancements and asset sales, as well as streamlining and other strategic actions adopted by Vulcan, will not
be able to be realized to the desired degree or within the desired time period and that the results thereof will differ from those anticipated or desired;
uncertainties as to the timing and valuations that may be realized or attainable with respect to planned asset sales; those 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 increasing
reliance on technology infrastructure for Vulcan’s ticketing, procurement, financial statements and other processes could adversely affect operations
in the event such infrastructure does not work as intended or experiences technical difficulties; the impact of the state of the global economy on
Vulcan’s businesses and financial condition and access to capital markets; changes in the level of spending for private residential and private
nonresidential construction; the highly competitive nature of the construction materials industry; the impact of future regulatory or legislative actions;
the outcome of pending legal proceedings; pricing of Vulcan's products; weather and other natural phenomena; energy costs; costs of hydrocarbon-
based raw materials; healthcare costs; the amount of long-term debt and interest expense incurred by Vulcan; changes in interest rates; the impact of
Vulcan's below investment grade debt rating on Vulcan's cost of capital; volatility in pension plan asset values which may require cash contributions
to the pension plans; the impact of environmental clean-up costs and other liabilities relating to previously divested businesses; Vulcan's ability to
secure and permit aggregates reserves in strategically located areas; Vulcan's ability to manage and successfully integrate acquisitions; the potential
of goodwill or long-lived asset impairment; the potential impact of future legislation or regulations relating to climate change or greenhouse gas
emissions or the definition of minerals; and other assumptions, risks and uncertainties detailed 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 cautionary 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. .
3. 3Investor Presentation, May 2013
Company Snapshot
Vulcan is the Leading Aggregates Producer in the U.S.
95%
2012 Net Sales: $2.4 Billion Aggregates Facilities: 341
Headquarters: Birmingham, AL Ticker: VMC
Company 2012 10-K Report
Vulcan-Served States
Our leading position in aggregates is
based on…
1. Favorable geographic footprint that
provides attractive long-term growth
prospects
2. Largest proven and probably reserve
base
3. Operational expertise and pricing
discipline which provides attractive
unit profitability
4. 4Investor Presentation, May 2013
Positioning the Business to Maximize Future Earnings Growth
Strategically
Positioned
Leading
Reserve
Position
Unit
Profitability
Continues to
Grow
75%
Share of U.S.
Population
Growth
27%
Higher than
peak-year in
volumes
15.0
Billion Tons of
Aggregates
Reserves
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.
5. 5Investor Presentation, May 2013
Aggregates-Led Value Creation
95%
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 to meet construction demand
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 manage portfolio of locations to further enhance
long-term earnings growth
Profitable Growth
Tightly managed operational and overhead costs
Benefits of scale as the largest producer
Effective Land Management
Can lead to attractive real estate transactions
95Percent
Sales Tied to
Aggregates
6. 6Investor Presentation, May 2013
Source: Moody’s Analytics as of November 2012
Share of Total U.S. Growth – 2010 to 2020
Vulcan’s Aggregates Assets are Strategically Positioned in Attractive Markets
75% in VMC-served states
70% in VMC-served states
63% in VMC-served states
7. 7Investor Presentation, May 2013
2012 F(U)
Amounts in Millions, except EPS 2012 2011 vs. 2011
Net Sales 2,411$ 2,407$ 4$
Gross Profit 334$ 284$ 50$
% Margin 13.9% 11.8% 2.1 pts
SAG 259$ 290$ 31$
EBITDA 423$ 425$ (2)$
Adjusted EBITDA
1
411$ 352$ 59$
% Margin 17.1% 14.6% 2.5 pts
EPS from Cont. Ops, diluted (0.42)$ (0.58)$ 0.16$
Adjusted EPS1
from Cont. Ops, diluted (0.47)$ (0.93)$ 0.46$
Full Year
Most Recent Full Year Financial Results Demonstrate Operating Leverage
Margin Expansion and Earnings Improvement on Flat Revenues
Note: Please see Non-GAAP reconciliations at the end of this presentation. Margin calculated using Net Sales.
1 Adjusted to exclude gain on sale of real estate and businesses, recovery from a legal settlement, exchange offer and restructuring costs.
8. 8Investor Presentation, May 2013
$4.01
$4.21
2011 2012
17.7%
20.4%
2011 2012
11.8%
13.9%
2011 2012
14.6%
17.1%
2011 2012
Most Recent Full Year Financial Results Demonstrate Operating Leverage
Increase in Profitability Driven by Higher Pricing and Effective Cost Control
Note: Please see Non-GAAP reconciliations at the end of this presentation. Aggregates Gross Profit Margin calculated using Segment Total Revenues.
Adjusted EBITDA Margin
Aggregates Cash Gross Profit per Ton
Gross Profit Margin
Aggregates Gross Profit Margin
9. 9Investor Presentation, May 2013
Attractive Profitability
Unit Profitability That Was Maintained Throughout the Downturn, Now Beginning to Grow
2012 profitability is higher
than prior year and 27%
higher than peak-year in
volumes (2005)
Trailing Twelve Months Cash Gross Profit Per Ton of Aggregates
Note: Please see Non-GAAP reconciliations at the end of this presentation.
10. 10Investor Presentation, May 2013
Track Record for Price Growth
Vulcan Consistently Outperforms, Contributing to Higher Unit Profitability
Aggregates Price Growth
Index, 1992 = 100
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.
6.4%
5.3%
CAGR ’92-’02 ’02-’12
Industry*
Vulcan 3.6%
2.8%
11. 11Investor Presentation, May 2013
SAG Expenses Have Been Reduced During the Downturn
Well Positioned to Leverage ERP Investment and Shared Services Platforms
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).
12. 12Investor Presentation, May 2013
De-Risked Balance Sheet
Higher Cash Generated from Operations and Asset Sales
2012 Cash Flow Bridge 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.
13. 13Investor Presentation, May 2013
De-Risked Balance Sheet
Significant Financial and Operational Flexibility With Limited Near-Term Maturities
(1) Line of credit is an Asset Based Lending facility: $500 million 5 year facility expiring March 2018. Total Capital = SHE + LTD + Current Maturities of LTD + Short-term Borrowings.
Favorable debt maturity profile with substantial liquidity:
— Minimal maturities of $290 million over the next three years
― $188 million cash on hand with no borrowing on $500 million line of credit (1)
Debt maturities to be funded from available cash and free cash flows
Limited financial covenants
Debt Maturity Profile (Millions $)Debt Summary
Amounts in Millions, except ratios 2013 2012 2011
Total Debt 2,666$ 2,814$ 2,733$
Cash and Cash Equivalents 188$ 191$ 63$
Net Debt 2,478$ 2,623$ 2,670$
Net Debt / TTM Adjusted EBITD 6.4 6.7 7.5
Net Debt / Total Capital 38.8% 40.0% 40.3%
As of March 31
14. 14Investor Presentation, May 2013
Aggregates Demand
Vulcan’s Key Markets Leveraged to Favorable Long Term Growth Prospects
1972 = 100. Source: Company estimates of aggregates demand using data from Woods & Poole CEDDS.
Aggregate demand
significantly below
population trend line.
Growth Trends for Vulcan-Served Markets
15. 15Investor Presentation, May 2013
Aggregates Demand
Privately funded construction accounts for most of the cyclicality
Source: Company estimates of aggregates demand.
16. 16Investor Presentation, May 2013
Private Construction – Residential
Growth Bodes Well for Continued Recovery in Our Markets…
• TTM U.S. housing starts up 27% versus the prior year
• Vulcan-served states now account for more than 60% of all starts
• TX, FL and CA starts more than next 10 states combined
Source: McGraw-Hill and Company Estimates. Trailing Twelve Months. Includes both Single-family and Multi-family
17. 17Investor Presentation, May 2013
Private Construction – Residential
…Evident by the Significant Growth in Housing Starts in These Key Vulcan-Served States
Source: McGraw-Hill and Company Estimates. Trailing Twelve Months. Includes both Single-family and Multi-family
18. 18Investor Presentation, May 2013
Private Construction – Nonresidential
Growth in Residential is Helping Drive Growth in Private Nonresidential Buildings
Source: McGraw-Hill and Company Estimates. Trailing Twelve Months.
19. 19Investor Presentation, May 2013
Private Construction - Nonresidential
Another leading indicator, The ABI, has been above 50 for 8 consecutive months
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. A value greater than 50 indicates an increase in activity.
20. 20Investor Presentation, May 2013
Public Construction - Highways
MAP-21 beginning to provide stability and predictability in highways
Source: McGraw-Hill and Company Estimates
First increase
since January 2011
ARRA Signed into Law - Feb’09
SAFETEA-LU Expires September ’09. No Federal Hwy Bill MAP21 – July ’12
21. 21Investor Presentation, May 2013
Public Construction – Highways
Vulcan states should get a disproportionate number of TIFIA-funded projects
Potential TIFIA Projects in Vulcan-Served Counties
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)
Letters of Interest (LOIs):
More than $40 billion have been submitted since
MAP-21 became law, of which, approximately 2/3
are located in Vulcan-served counties.
Enacted in 1998 to provide Federal credit assistance for eligible
transportation projects and stimulate private capital investment.
22. 22Investor Presentation, May 2013
Attractive unit profitability
Cost reduction initiatives
resetting mid-cycle
EBITDA to new, higher
level
Favorable trends in
private construction
activity
New multi-year Federal
Highway Bill
Vulcan’s Value Proposition
Well Positioned to Capitalize on Market Recovery
Superior Aggregates
Operations
Strong Operating
Leverage
De-Risked Balance
Sheet
Largest reported reserve
base
Favorable long term
growth prospects
Benefits of scale
Operational expertise and
pricing growth
Attractive real estate
opportunities
Substantial liquidity
Moderate debt maturity
profile
Commitment to
strengthening balance
sheet
Commitment to restore a
meaningful dividend
23. 23Investor Presentation, May 2013
Appendix - Reconciliation of Non-GAAP Financial Measures
Source: Company filings
Amounts in millions of dollars, except per share data
EBITDA
EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation and Amortization.
Cash gross profit
Cash gross profit adds back noncash charges for depreciation, depletion, accretion and amortization to gross profit.
Q4
2012
Q4
2011
YTD
12/31/12
YTD
12/31/11
YTD
12/31/10
EBITDA and Adjusted EBITDA
Net earnings (loss) 3.5 (27.8) (52.6) (70.8) (96.5)
Provision (benefit) for income taxes 0.6 (30.6) (66.5) (78.4) (89.7)
Interest expense, net 52.9 53.4 211.9 217.2 180.7
Discontinued operations, net of tax 1.0 1.9 (1.3) (4.5) (6.0)
EBIT 58.0 (3.1) 91.5 63.5 (11.5)
Plus: Depr., depl., accretion and amort. 78.6 88.0 332.0 361.7 382.1
EBITDA 136.6 84.9 423.5 425.2 370.6
Legal settlement - - - (46.4) 40.0
Restructuring charges 0.5 10.0 9.5 12.9 0.0
Exchange offer costs 0.0 2.2 43.4 2.2 0.0
Gain on sale of real estate and businesses (46.8) (2.5) (65.1) (42.1) (39.5)
Adjusted EBITDA 90.4 94.6 411.3 351.8 371.1
Q4
2012
Q4
2011
YTD
12/31/12
YTD
12/31/11
EPS and Adjusted EPS
As reported 0.03 (0.20) (0.42) (0.58)
Legal settlement - - - (0.22)
Restructuring charges 0.00 0.05 0.05 0.06
Exchange offer costs 0.00 0.01 0.20 0.01
Gain on sale of real estate and businesses (0.22) (0.01) (0.30) (0.20)
Adjusted EPS (0.19) (0.15) (0.47) (0.92)
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
Q4
2008
Q3
2008
Aggregates segment gross profit 352.1 350.0 338.5 329.5 306.2 284.6 296.4 315.5 320.1 332.2 340.2 345.0 393.3 451.2 503.2 594.3 657.6 722.3
Agg. Depr., depl., accretion and amort. 240.7 247.7 255.1 261.8 267.0 272.5 279.3 284.8 288.6 293.1 295.9 298.6 312.2 304.9 304.4 302.7 310.8 298.8
Aggregates segment cash gross profit 592.8 597.6 593.6 591.3 573.2 557.1 575.7 600.3 608.8 625.3 636.1 643.6 705.5 756.1 807.6 897.0 968.4 1,021.1
Aggregate tons 141.0 142.1 145.3 145.8 143.0 142.2 143.0 146.8 147.6 147.4 148.6 146.2 150.9 160.7 172.6 190.8 204.3 217.4
Aggregates segment cash gross profit per ton 4.21 4.20 4.08 4.06 4.01 3.92 4.03 4.09 4.12 4.24 4.28 4.40 4.68 4.70 4.68 4.70 4.74 4.70
Q2
2008
Q1
2008
Q4
2007
Q3
2007
Q2
2007
Q1
2007
Q4
2006
Q3
2006
Q2
2006
Q1
2006
Q4
2005
Q3
2005
Q2
2005
Q1
2005
Q4
2004
Q3
2004
Q2
2004
Q1
2004
Aggregates segment gross profit 775.2 808.2 828.7 846.3 849.7 826.9 819.0 772.8 732.4 690.4 650.0 591.9 565.5 524.1 517.0 519.1 513.7 510.8
Agg. Depr., depl., accretion and amort. 283.2 266.4 246.9 228.3 220.8 213.1 210.3 205.1 203.0 202.7 206.4 197.7 194.4 191.8 191.1 191.1 191.8 192.6
Aggregates segment cash gross profit 1,058.4 1,074.6 1,075.6 1,074.6 1,070.4 1,040.0 1,029.3 977.8 935.3 893.1 856.4 789.7 759.9 715.9 708.1 710.2 705.5 703.4
Aggregates tons 224.4 228.5 231.0 234.5 239.8 246.7 255.4 258.8 263.6 265.3 259.5 255.0 252.6 245.8 242.3 240.8 239.5 236.2
Aggregates segment cash gross profit per ton 4.72 4.70 4.66 4.58 4.46 4.22 4.03 3.78 3.55 3.37 3.30 3.10 3.01 2.91 2.92 2.95 2.95 2.98
Generally Accepted Accounting Principles (GAAP) does not define "Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)" and "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 and to monitor our cash and liquidity positions. 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 and provide the earnings per share (EPS) impact of these
for the convenience of the investment community. We do not use these metrics as a measure to allocate resources. Reconciliations of these metrics to their nearest GAAP measures are presented
below:
Trailing 12 Months
Aggregates Segment Cash Gross Profit
24. 24Investor Presentation, May 2013
Appendix – Simplified Geology Map
Below Geological Fall Line, Little or No Hard Rock Aggregates Reserves Suitable for Mining
Simplified Geology Map
25. 25Investor Presentation, May 2013
Appendix - Comprehensive Distribution Network to Serve Attractive
Markets With Limited Aggregates Reserves
4-5 truckloads per rail car
$0.04-0.12 per ton mile
65 truckloads per barge
$0.02-0.03 per ton mile
2,500 truckloads per ship
Less than $0.01 per ton mile Note: Per ton mile costs exclude loading and unloading.
Geological Fall Line
20-25 tons per truck
$0.15-0.35 per ton mile