1. Our strategy is based on our strength
Aggregates
Essential Material | Valuable Asset
Investor Presentation
March 2013

2. Important Disclosure Notes
Certain matters discussed in this presentation, including expectations regarding future performance, contain
forward-looking statements that are subject to assumptions, risks and uncertainties that could cause actual results to differ
materially from those projected. These assumptions, risks and uncertainties include, but are not limited to, those associated
with: cost reductions, profit enhancements and asset sales, as well as streamlining and other strategic actions we adopted
will not be able to be realized to the desired degree or within the desired time period and that the results there of will differ
from those anticipated or desired; uncertainties as to the timing and valuations that may be realized or attainable with
respect to intended asset sales; general economic and business conditions; the impact of a prolonged economic recession
on our business and financial condition and access to capital markets; changes in the level of spending for private
residential and 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 our 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 the Company; changes in Vulcan’s effective tax rate; changes in interest rates; the
impact of our below investment grade debt rating on our 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; the Company’s ability to secure and permit aggregates reserves in strategically located
areas; the Company’s ability to manage and successfully integrate acquisitions; Vulcan’s increasing reliance on information
technology; the potential of goodwill 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 Company’s SEC reports, including the report on Form 10-K for the year. Forward-looking
statements are made as of the date hereof, and Vulcan assumes no obligation to publicly update such statements.
Investor Presentation, March 2013 2

3. Company Snapshot
Vulcan is the Leading Aggregates Producer in the U.S.
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
2012 Net Sales: $2.4 Billion Aggregates Facilities: 341
95%
Headquarters: Birmingham, AL Ticker: VMC
Company 2012 10-K Report
Investor Presentation, March 2013 3

4. Positioning the Business to Maximize Future Earnings Growth
Strategically Leading Unit
Positioned Reserve Profitability
Position Continues to
Grow
75% 15.0 27%
Share of U.S. Billion Tons of Higher than
Population Aggregates peak-year in
Growth Reserves volumes
Unit Profitability = Cash Gross Profit / Ton. See Non-GAAP reconciliation at end of presentation.
Investor Presentation, March 2013 4

5. 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 to meet construction demand
 Aggregates operations require virtually no other raw material other
than aggregates reserves
95
Percent
 Coast-to-coast Footprint
 Diversified regional exposure
 Complementary asphalt, concrete and cement businesses in select
Sales Tied to markets
Aggregates  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
95%
 Effective Land Management
 Can lead to attractive real estate transactions
Investor Presentation, March 2013 5

6. 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
Source: Moody’s Analytics as of November 2012
Investor Presentation, March 2013 6

7. Recent Financial Results Demonstrate Operating Leverage
Margin Expansion and Earnings Improvement on Flat Revenues
Full Year 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)
1
Adjusted EBITDA $ 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
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.
Investor Presentation, March 2013 7

8. Recent Financial Results Demonstrate Operating Leverage
Increase in Profitability Driven by Higher Pricing and Effective Cost Control
Gross Profit Margin Adjusted EBITDA Margin
17.1%
13.9%
14.6%
11.8%
2011 2012 2011 2012
Aggregates Gross Profit Margin Aggregates Cash Gross Profit per Ton
20.4% $4.21
17.7% $4.01
2011 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, March 2013 8

9. Attractive Profitability
Unit Profitability That Was Maintained Throughout the Downturn, Now Beginning to Grow
Trailing Twelve Months Cash Gross Profit Per Ton of Aggregates
2012 profitability is higher
than prior year and 27%
higher than peak-year in
volumes (2005)
Note: Please see Non-GAAP reconciliations at the end of this presentation.
Investor Presentation, March 2013 9

10. Track Record for Price Growth
Vulcan Consistently Outperforms, Contributing to Higher Unit Profitability
Aggregates Price Growth
Index, 1992 = 100
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
Investor Presentation, March 2013 10

11. 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).
Investor Presentation, March 2013 11

12. 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 Progress on Planned Asset
service costs, generated Sales coincidently offset cash
$121 million of cash in 2012 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, March 2013 12

13. De-Risked Balance Sheet
Significant Financial and Operational Flexibility With Limited Near-Term Maturities
 Favorable debt maturity profile with substantial liquidity:
— Minimal maturities of $290 million over the next three years
― $275 million cash on hand with no borrowing on $600 million line of credit (1)
 Debt maturities to be funded from available cash and free cash flows
 Limited financial covenants
Debt Summary Debt Maturity Profile (Millions $)
As of December 31
Amounts in Millions, except ratios 2012 2011 2010
Total Debt $ 2,677.0 $ 2,815.4 $ 2,718.3
Cash and Cash Equivalents 275.5 155.8 47.5
Net Debt $ 2,401.5 $ 2,659.6 $ 2,670.8
Net Debt / Adjusted EBITDA 5.8 7.6 7.2
(1) Line of credit is an Asset Based Lending facility: $600 million 5 year facility expiring December 2016.
Investor Presentation, March 2013 13

14. Aggregates Demand
Vulcan’s Key Markets Leveraged to Favorable Long Term Growth Prospects
2012 aggregate
demand 47% below
population trend line.
Source: Company estimates of aggregates demand using MSA population data from Woods & Poole CEDDS.
Investor Presentation, March 2013 14

15. Aggregates Demand
Privately funded construction accounts for most of the cyclicality
Source: Company estimates of aggregates demand.
Investor Presentation, March 2013 15

16. Private Construction – Residential
Growth Bodes Well for Continued Recovery in Our Markets…
Investor Presentation, March 2013 16

17. Private Construction – Residential
…Evident by the Significant Growth in Housing Starts in These Key Vulcan-Served States
Source: McGraw-Hill and Company Estimates
Investor Presentation, March 2013 17

18. Private Construction – Nonresidential
Growth in Residential is Helping Drive Growth in Private Nonresidential Buildings
Investor Presentation, March 2013 18

19. Private Construction – Nonresidential Buildings
Important End Use Categories Like Stores and Office Buildings Growing Again
Source: McGraw-Hill and Company Estimates
Investor Presentation, March 2013 19

20. Public Construction – Other Public Infrastructure
Supported by Large Projects Through the Downturn, Contract Awards Have Turned Positive
Investor Presentation, March 2013 20

21. Public Construction – Highways
Passage of Federal Highway Bill Should Provide Stability and Predictability to Funding
Investor Presentation, March 2013 21

22. Public Construction - Highways
Obligation of Federal Highway Funds is Beginning to Grow
Obligation of Federal Highway Funds for New Projects
Through January of Fiscal Year (Billions $)
Obligation of Federal
Highway Funds in the
Regular Highway Program
are again growing - up
58% versus the prior year
Obligation - FHWA obligates the federal government to pay its share of the cost for an eligible project under the federal-aid highway program. The project can then proceed to
bidding and construction Fiscal Year ends September 30. Source: ARTBA and FHWA
Investor Presentation, March 2013 22

23. Public Construction – Highways
Vulcan states should get a disproportionate number of TIFIA-funded projects
Potential TIFIA Projects in Vulcan-Served Counties
From the Fall of 2011 to January
2013, Letters of Interest (LOIs)
totaling $77 billion have been
filed. Of these LOIs, 43 projects
totaling $49 billion, or 64%, are
located in Vulcan-served counties.
Enacted in 1998 to provide Federal credit assistance for eligible
transportation projects and stimulate private capital investment.
Since enactment, 13 states and the District of Columbia have
used $9.2 billion of TIFIA credit assistance to help fund more than
$36 billion in projects (mostly large-scale highway projects).
Investor Presentation, March 2013 23

24. Vulcan’s Value Proposition
Well Positioned to Capitalize on Market Recovery
Superior Aggregates Strong Operating De-Risked Balance
Operations Leverage Sheet
 Largest reported reserve  Attractive unit profitability  Substantial liquidity
base
 Cost reduction initiatives  Moderate debt maturity
 Favorable long term resetting mid-cycle profile
growth prospects EBITDA to new, higher
level  Commitment to
 Benefits of scale strengthening balance
 Favorable trends in sheet
 Operational expertise and private construction
pricing growth activity  Commitment to restore a
meaningful dividend
 Attractive real estate  New multi-year Federal
opportunities Highway Bill
Investor Presentation, March 2013 24

25. Appendix - Reconciliation of Non-GAAP Financial Measures
Amounts in millions of dollars, except per share data
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:
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 Q4 YTD YTD YTD
2012 2011 12/31/12 12/31/11 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 Q4 YTD YTD
2012 2011 12/31/12 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 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
Trailing 12 Months 2012 2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009 2008 2008
Aggregates Segment Cash Gross Profit
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 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
2008 2008 2007 2007 2007 2007 2006 2006 2006 2006 2005 2005 2005 2005 2004 2004 2004 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
Source: Company filings
Investor Presentation, March 2013 25

26. Appendix – Simplified Geology Map
Below Geological Fall Line, Little or No Hard Rock Aggregates Reserves Suitable for Mining
Simplified Geology Map
Investor Presentation, March 2013 26

27. Appendix - Comprehensive Distribution Network to Serve Attractive
Markets With Limited Aggregates 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
Note: Per ton mile costs exclude loading and unloading.
Less than $0.01 per ton mile
Investor Presentation, March 2013 27

28. Appendix - South Region Map
Investor Presentation, March 2013 28

29. Appendix - Central Region Map
Investor Presentation, March 2013 29

30. Appendix - East Region Map
Investor Presentation, March 2013 30

31. Appendix - West Region Map
Investor Presentation, March 2013 31

32. Investor Relations:
Mark Warren
Telephone: (205) 298-3191
Email: ir@vmcmail.com
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: bnymellon.com/shareowner/equityaccess
Independent Auditors:
Deloitte & Touche, LLP
Birmingham, Alabama
1200 Urban Center Drive
Birmingham, AL 35242-2545
Telephone: (205) 298-3000