Summit Materials, Inc. (NYSE:SUM) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Karli Anderson - EVP, Chief Environmental, Social & Governance Officer and Head of IR Anne Noonan - President, CEO & Director Brian Harris - EVP & CFO Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Garik Shmois - Loop Capital Collin Verron - Jefferies Asher Sohnen - Citigroup Timna Tanners - Wolfe research Brent Thielman - D.A. Davidson Jerry Revich - Goldman Sachs Ada ...

Q1 2022 Financial Results - Net Revenue was $392.5 million, a decrease compared to $398.5 million in Q1 2021[8] - Net Loss was $(34.8) million, compared to $(23.2) million in Q1 2021[8] - Adjusted EBITDA was $23.3 million, a decrease compared to $41.7 million in Q1 2021, representing approximately 4% of the full year total compared to 8% in the prior year[8] - Adjusted Cash Gross Profit was $67.6 million, a decrease compared to $81.2 million in Q1 2021[8] Segment Performance - West Segment Net Revenue increased by 0.5% to $236.0 million, but Adjusted EBITDA declined to $32.7 million[12] - East Segment Net Revenue decreased by 10.4% to $110.3 million, with Adjusted EBITDA declining to $8.1 million[12] - Cement Segment Net Revenue increased by 13.7% to $46.2 million, while Adjusted EBITDA declined to $(5.8) million[14] Pricing and Volume Analysis - Aggregates volume decreased by (0.8)%, while price increased by +4.8%[8] - Cement volume increased by +0.3%, while price increased by +10.1%[8] - Ready-Mix volume decreased by (7.2)%, while price increased by +7.3%[8] - Asphalt volume decreased by (45.1)%, while price increased by +10.2%[8] 2022 Outlook - The company updated its 2022 Adjusted EBITDA Outlook to $529 million - $557 million[77] - The company expects 2022 Capex to be $270 million - $290 million[77] Capital Structure - The company's net leverage ratio improved by 0.4x year-over-year to 2.8x[69]

ELEVATE SUMMIT MATERIALS 4Q21 & 2021 Results PresentationFebruary 24, 2022 Forward-Looking Statements 2 This presentation includes "forward-looking statements" within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "outlook," "should," "seeks," "in ...

Summit Materials, Inc. (NYSE:SUM) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Karli Anderson - EVP, Chief Environmental, Social & Governance Officer and Head, IR Anne Noonan - President, CEO & Director Brian Harris - EVP & CFO Conference Call Participants Stanley Elliott - Stifel, Nicolaus & Company Trey Grooms - Stephens Inc. Asher Sohnen - Citi Group Courtney Yakavonis - Morgan Stanley Garik Shmois - Loop Capital Markets Collin Verron - Jefferies Timna Tanners - Wolf ...

Summit Materials, Inc. (NYSE:SUM) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Â Company Participants Karli Anderson - Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Inc. Paul Roger - Exane BNP Paribas Kathryn Thompson - Thompson Research Garik Shmois - Loop Capital Collin Verron - Jefferies Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Jerry Revich - ...

ELEVATE SUMMIT MATERIALS Q2 2021 Results PresentationAugust 5, 2021 Forward-Looking Statements 2 This presentation includes "forward-looking statements" within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "outlook," "should," "seeks," "intends," ...

ELEVATE SUMMIT MATERIALS Q1 2021 Results PresentationM a y 11 , 2 0 2 1 Forward-Looking Statements 2 This presentation includes "forward-looking statements" within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "outlook," "should," "seeks," "inten ...

Financial Data and Key Metrics Changes - Summit Materials reported record Q4 results for net revenue, operating income, and adjusted EBITDA, with net revenue increasing 13% to $571.9 million [12][36] - Full year 2020 net revenue reached $2.1 billion, up 5.1% from 2019, driven by volume increases and acquisition-related growth [18][38] - Adjusted EBITDA for Q4 was $130.6 million, up 8% year-over-year, while full year adjusted EBITDA was $485 million, also up 5.1% [40][41] - The company achieved a year-end leverage ratio of 3.2 times, the lowest in its history, with a significant improvement over the past five quarters [21][59] Business Line Data and Key Metrics Changes - Aggregate volumes increased by 24.7% in Q4, with cement volumes up 4.5%, ready-mix volumes up 6.4%, and asphalt volumes up 20.3% [13][40] - The West segment was the largest contributor to Q4 results, benefiting from residential activity in Utah and Texas, while the East segment saw double-digit organic growth in Kansas aggregates [13][14] - The Cement segment reported higher adjusted EBITDA compared to Q4 2019, driven by demand recovery and price increases implemented in June 2020 [16][38] Market Data and Key Metrics Changes - Summit's end-use markets are approximately 38% public, 31% residential, and 31% non-residential, with favorable conditions for residential construction [24] - In Texas, projected lettings for the current fiscal year are $9.6 billion, a substantial increase from the previous year, supported by over $900 million from recent stimulus [25] - Kansas is planning $1.9 billion in spending for the current fiscal year, with single-family permits up 16% year-over-year [27] Company Strategy and Development Direction - The company is focused on cash optimization and operational improvements, particularly in Kentucky, where public spending has been deferred [15][19] - Summit plans to invest $200 million to $220 million in CapEx for 2021, with $25 million to $35 million allocated for Greenfields [62] - The company is optimistic about future infrastructure plans from the new administration, which may drive demand for materials and services [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the overall demand picture for 2021, particularly in residential markets, despite some disruptions from cold weather [22][107] - The company anticipates adjusted EBITDA for 2021 to be in the range of $490 million to $520 million, reflecting a 5% increase over 2020 [61] - Management highlighted the importance of safety and operational excellence, which contributed to record performance in 2020 [10][63] Other Important Information - The Green America recycling facility operated on a limited basis in Q4, impacting adjusted EBITDA by $4.2 million, with expectations for full operations to resume in early 2021 [17][55] - The company generated $246 million of free cash flow in 2020, resulting in a closing cash position of $418 million, an increase of over $100 million from the prior year [58] Q&A Session Summary Question: Impact of the 53rd week on guidance - Management clarified that the 53rd week impacted results in October and provided a boost across the business, with expectations for steady growth throughout the year [68][85] Question: Shape of the year for aggregates growth - Management indicated steady growth in residential markets, with Kansas bidding starting and expectations for a second-half impact from Greenfield projects [74][75] Question: M&A pipeline and focus - The M&A pipeline remains active, with a focus on high ROIC opportunities, particularly in markets where vertical integration is strong [119] Question: Cost inflation headwinds - Management acknowledged inflationary pressures in labor, healthcare, and hydrocarbon costs, but expects to recover some of these through productivity improvements and price increases [91][93] Question: Impact of winter storm on Q1 - Management noted that while Q1 is typically the lowest quarter, the impact of the winter storm was manageable, and operations are expected to catch up quickly [106][108]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file numbers: 001-36873 (Summit Materials, Inc.) 333-187556 (Summit Materials, LLC) SUMMIT MATERIALS, INC. SUMMIT MATERIALS, LLC (exact ...

Summit Materials, Inc. (NYSE:SUM) Q3 2020 Results Conference Call October 28, 2020 11:00 AM ET Company Participants Karli Anderson - Vice President, Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Phil Ng - Jefferies Jerry Revich - Goldman Sachs Stanley Elliott - Stifel Adam Thalhimer - Thompson Davies Trey Grooms - Stephens Garik Shmois - Loop Capital Rohit Seth - Truist Securities Anthony Pett ...