2025 Capital Markets Day 74 Reconciliation of Leverage Ratio for June 30, 2025 $ in
Millions Twelve-Month Period July 1, 2024 – June 30, 2025 Net earnings attributable to Martin Marietta $1,100 Add back: Interest expense, net of interest income 188 Income tax expense for controlling interests 269 Depreciation,
depletion and amortization expense and noncash earnings/loss from nonconsolidated equity affiliates 613 Acquisition, divestiture, and integration expenses1 3 Consolidated Adjusted EBITDA $2,173 Consolidated debt at June 30,
2025 $5,416 Less: Unrestricted cash at June 30, 2025 (225) Consolidated net debt at June 30, 2025 $5,191 Consolidated Net Debt to Consolidated Adjusted EBITDA at June 30, 2025, for the Trailing 12-months Consolidated Adjusted EBITDA
2.4X 1 The Company has elected to add back, for purposes of its Adjusted EBITDA calculation, acquisition, divestiture and integration expenses and the impact of selling acquired inventory after its markup to fair value as part of
acquisition accounting subject to the following limitations. Transaction expenses and inventory acquisition accounting impacts are only excluded for transactions with at least $2 billion in consideration and transaction expenses expected to
exceed $15 million. Consolidated net debt to EBITDA at June 30, 2025, for the trailing-12 months, is a non-GAAP measure. Management uses this ratio to assess its capacity for additional borrowings. The calculation is not intended to be a
substitute for the Company’s leverage covenant under its credit facility.