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Investor Presentation May 2013

Our strategy is based on our strength

Aggregates Essential Material | Valuable Asset

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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. .

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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

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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.

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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

95 Percent

Sales Tied to Aggregates

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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

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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 EBITDA1 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.

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$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

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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.

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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%

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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).

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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.

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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

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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

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Aggregates Demand Privately funded construction accounts for most of the cyclicality

Source: Company estimates of aggregates demand.

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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

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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

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Private Construction – Nonresidential Growth in Residential is Helping Drive Growth in Private Nonresidential Buildings

Source: McGraw-Hill and Company Estimates. Trailing Twelve Months.

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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.

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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

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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.

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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

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Appendix - Reconciliation of Non-GAAP Financial Measures

Source: Company filings

Amounts in millions of dollars, except per share data

EBITDAEBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation and Amortization.

Cash gross profitCash gross profit adds back noncash charges for depreciation, depletion, accretion and amortization to gross profit.

Q42012

Q42011

YTD12/31/12

YTD 12/31/11

YTD 12/31/10

EBITDA and Adjusted EBITDANet 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 53.4 211.9 217.2 180.7Discontinued 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 84.9 423.5 425.2 370.6Legal settlement - - - (46.4) 40.0Restructuring charges 0.5 10.0 9.5 12.9 0.0Exchange offer costs 0.0 2.2 43.4 2.2 0.0Gain 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

Q42012

Q42011

YTD12/31/12

YTD 12/31/11

EPS and Adjusted EPSAs reported 0.03 (0.20) (0.42) (0.58)Legal settlement - - - (0.22)Restructuring charges 0.00 0.05 0.05 0.06Exchange offer costs 0.00 0.01 0.20 0.01Gain 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

Q32012

Q22012

Q12012

Q42011

Q32011

Q2 2011

Q1 2011

Q4 2010

Q3 2010

Q2 2010

Q1 2010

Q4 2009

Q3 2009

Q2 2009

Q1 2009

Q4 2008

Q32008

Aggregates segment gross profit 352.1 350.0 338.5 329.5 306.2 284.6 296.4 315.5 320.1 332.2 340.2 345.0 393.3 451.2 503.2 594.3 657.6 722.3Agg. 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 1,021.1Aggregate 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

Q22008

Q12008

Q42007

Q32007

Q22007

Q12007

Q42006

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 775.2 808.2 828.7 846.3 849.7 826.9 819.0 772.8 732.4 690.4 650.0 591.9 565.5 524.1 517.0 519.1 513.7 510.8Agg. 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 1,029.3 977.8 935.3 893.1 856.4 789.7 759.9 715.9 708.1 710.2 705.5 703.4Aggregates 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 MonthsAggregates Segment Cash Gross Profit

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Appendix – Simplified Geology Map Below Geological Fall Line, Little or No Hard Rock Aggregates Reserves Suitable for Mining

Simplified Geology Map

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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

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Appendix - South Region Map

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Appendix - Central Region Map

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Appendix - East Region Map

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Appendix - West Region Map

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1200 Urban Center Drive Birmingham, AL 35242-2545 Telephone: (205) 298-3000

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

Investor Relations: Mark Warren

Telephone: (205) 298-3191 Email: [email protected]

Independent Auditors: Deloitte & Touche, LLP Birmingham, Alabama

Registrar and Transfer Listing: Computershare Shareowner Services LLC