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US: November 2015 Investor Presentation

The following excerpt is from the company's SEC filing.

1 113.156.53 0.81.155 53.156.147 5.158.219 124.124.124 242.112.109 219.104.11 250.166.25 Forward-Looking Statements Certain statements and information provided in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us and do not include the impact of future acquisitions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially. The forward-looking statements speak only as of the date of this presentation. Investors are cautioned not to rely unduly upon these forward-looking statements. The Company undertakes no obligation to update these forward-looking statements, except as required by law. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, general economic and business conditions, which will, among other things, affect demand for new residential and commercial construction; our ability to successfully identify, manage, and integrate acquisitions; the cyclical nature of, and changes in, the real estate and construction markets, including pricing changes by our competitors; governmental requirements and initiatives, including those related to mortgage lending or mortgage financing, funding for public or infrastructure construction, land usage, and environmental, health, and safety matters; disruptions, uncertainties or volatility in the credit markets that may limit our, our suppliers' and our customers' access to capital; our ability to successfully implement our operating strategy; weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms of our indebtedness; our ability to maintain favorable relationships with third parties who supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; and product liability, property damage, and other claims and insurance coverage issues. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see “Risk Factors” in our Form 10-K and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. All written and oral forward-looking statements in this presentation are expressly qualified by these “Risk Factors.”

2 113.156.53 0.81.155 53.156.147 5.158.219 124.124.124 242.112.109 219.104.11 250.166.25 U.S. Concrete – Overview  Vertically integrated national producer of ready- mixed concrete  Top-3 position in each major market served  ~1/3 of aggregates sourced internally  Ready-mixed concrete segment  160 standard and volumetric plants  1,300+ ready-mixed trucks  5.7 million cubic yards sold in 2014  Aggregates segment  14 operating facilities; 3 import terminals  ~150 million tons of owned and leased reserves Financial Overview  LTM 9/30/15 Revenue: $890.7 million (89.5% ready- mixed; 3.8% aggregates)¹  LTM 9/30/15 Adjusted EBITDA: $118.2 million² Texas 45% California 32% New Jersey / New York 19% Other 4% Ready-Mixed Volume by End Market (2014) Commercial 59% Residential 26% ¹ Excludes $24.0 million of internal aggregates sales that are eliminated in consolidation and aggregates terminal sales. ² Adjusted EBITDA is a non-GAAP financial measure, see page 20 for more information Revenue Mix by Region (2014) (2014A) Street, Highway & Other Public Works 15%

3 113.156.53 0.81.155 53.156.147 5.158.219 124.124.124 242.112.109 219.104.11 250.166.25 Premier Position in Attractive Construction Material Categories Industry Leading Performance Top-3 Positions in Well-Structured Markets with Attractive Fundamentals Long-Term Diversified Customer Base Across Sectors and Regions Top Supplier to Commercial Projects with High Margins and Barriers to Entry Vertical Integration into Aggregates Enhances Value Chain Successful Track Record of Accretive Acquisitions with Significant Consolidation Pipeline Disciplined Pricing Mechanics Drive Superior Margin Performance Through the Cycle Strong Financial Performance, Conservative Balance Sheet and Solid Returns on Capital

4 113.156.53 0.81.155 53.156.147 5.158.219 124.124.124 242.112.109 219.104.11 250.166.25 Solid Strategy Translates to Industry Leading Returns on Capital 1 Material spread margin defined as (revenue – raw material costs) / revenue 2 Source: NRMCA and mgmt estimates 3 Return on Invested Capital defined as NOPAT / average of beginning and ending debt and book equity 4 Peer median includes MLM, SUM and VMC Favorable Industry Dynamics  Well-structured local markets  Leading market positions  Low cost producer  Attractive construction material categories Unique Business Attributes  Commercial focus with high barriers to entry  Vertically integrated value chain  Sustainability leadership Attractive Financial Profile  Disciplined pricing  Accretive acquisitions  Prudent balance sheet leverage  Efficient capital allocation Superior Margin Performance (Material Spread Margin)1 45.9% 46.6% 47.8% 44.4% 44.0% 44.5% 2012 2013 2014 U.S. Concrete U.S. ready-mixed concrete industry 2 3.4% 6.3% 9.5% 2.2% 3.2% 4.4% 2012 2013 2014 U.S. Concrete Publicly...


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