August 2016
INVESTOR PRESENTATION
1
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 Amendment No. 1 to our Annual Report on Form 10-K/A 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
U.S. Concrete – Overview
U.S. Concrete (“USCR” or the “Company”) is a vertically integrated
national producer of ready-mixed concrete
Top 3 position in each major market served1
~1/3 of the aggregates consumed are sourced from internal
production in markets where we have an aggregates position
Ready-mixed concrete segment
170 standard and volumetric plants
1,600+ ready-mixed and volumetric trucks
7.7 million cubic yards sold in the twelve months ending 6/30/16
Aggregates segment
14 operating facilities; 3 import terminals
~130 million tons of owned and leased reserves
Financial Overview
LTM 6/30/16 Revenue: $1,079.5 million
LTM 6/30/16 Adjusted EBITDA: $141.7 million2
Market capitalization of ~$0.9bn and enterprise value of ~$1.3bn3
Commercial &
Industrial
59%
Residential
26%
1 Based on management estimates of cubic yards volume of concrete produced during the twelve months ended June 30, 2016 after giving pro-forma effect for acquisitions through
June 30, 2016
2 Adjusted EBITDA (approximately 80% ready-mixed and 20% aggregate and other, based on allocation of corporate and other expenses as a function of segment revenues) is a non-GAAP
financial measure. See page 29 for a reconciliation to net income from continuing operations.
3 As of August 2, 2016
Revenue Mix by Region (LTM 6/30/16)
Street, Highway &
Other Public Works
15%
Well-Structured Markets
Ready-Mixed Volume by End Market (LTM 6/30/16) EBITDA by Segment (LTM 6/30/16)
Aggregates
& Aggregates
Related
20%
Ready-mixed
Concrete
80%
Ready-Mixed
Concrete
Aggregates Facilities
Recycled Aggregates Corporate Headquarters
Vertically Integrated Operations
Volumetric Concrete
Agg Import Docks
S
C
U.S. Virgin
Islands
Northern
Texas
27%
Northern
California
28%
New York /
New Jersey / DC
31%
Other
2%Western / SouthernTexas
12%
3
Strategic Position in Attractive Markets
Industry Leading
Performance
Strong Financial
Performance,
Conservative Balance
Sheet and Solid
Returns on Capital
Top 1,2 or 3 Position in
Well-Structured
Markets with Attractive
Fundamentals
Long-Term Diversified
Customer Base Across
Sectors and Regions
Top Supplier to
Commercial Projects
with High Margins
Vertical Integration into
Aggregates Enhances
Value Chain
Successful Track
Record of Accretive
Acquisitions and a
Robust Pipeline
Disciplined Pricing
Mechanics Drive
Superior Margin
Performance Through
the Cycle
Purchasing Power Due
to Size in Highly
Fragmented Markets
Experienced and New
Management Team
Since 2011 with Long-
Term Strategic Focus
4
Strategic Footprint Generates Competitive
Advantage
Strong leadership
Operating
excellence
Group-wide sourcing
Centralized IT
Focused R&D
Expansion
opportunities
nationally
Seasoned strategic
development team
Healthy regional
economies
Favorable markets
Vertically integrated
Best practice
execution
Concentrated
purchasing power
Synergistic
opportunities
High-end product
High margin focus
Excellent reputation
Extensive market
knowledge
Comprehensive
plant network
Deep customer
relationships
Fast, flexible delivery
Acquiror of choice
Significant share
Superior returns
Diverse footprint
Vertically integrated
supplier of choice
Accelerated growth
potential
Accretive
acquisitions
National Platform
Leading
Regional
Producer
Strong Local
Presence Success
Large Company Resources & Local Company Entrepreneurship
5
Focused Strategy Translates
into Industry-Leading Returns on Capital
1 Material spread margin defined as (revenue – raw material costs) / revenue
2 Source: National Ready Mixed Concrete Association (“NRMCA”) and management estimates
3 Return on capital defined as net operating profit after tax / average of beginning and ending debt and book equity
4 Publicly traded peers consist of Martin Marietta Materials, Summit Materials and Vulcan Materials
Favorable Industry Dynamics
Favorable markets with attractive fundamentals
Leading market positions
Low cost producer
Attractive construction material categories
Unique Business Attributes
Focus on commercial projects with high margins
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%
49.8%
44.4% 44.0% 43.9% 44.6%
2012 2013 2014 2015
USCR ready-mixed concrete segment U.S. ready-mixed concrete industry 2
3.4%
6.3%
9.5%
13.0%
2.2% 3.2%
4.4% 5.5%
2012 2013 2014 2015
U.S. Concrete Publicly traded peers
Industry-Leading Returns on Capital3
3, 4
6
NJ
1 Recycled
Aggregates
NY
3 Aggregates
Import
21 RM
MD
3 Ready-
Mixed
2 Ready-
Mixed
New York Metro #1
Western Texas #1
U.S. Virgin Islands #1
San Francisco Bay Area #1 (Tie)
Dallas
Washington, D.C. area
Top 2
Top 3
Ready-Mixed Concrete Plants
Aggregates Production Facilities
Recycled Aggregates
Corporate Headquarters
Vertically Integrated Operations
Volumetric Ready-Mixed Concrete Facilities
Aggregates Import Docks
73 Ready-Mixed
6 Aggregates
16 Volumetric
9 Ready-Mixed
2 Aggregates
22 Ready-
Mixed
Market Position1
Average market share of ~30% across key regions1
20 Ready-Mixed
4 Aggregates
2 Ready-Mixed
1 Aggregates
2 Ready-Mixed
1 Aggregates
Distance between
islands not to scale
SJ
SC
ST
TX
CA
OK
USVI
Top 3 Positions in Favorable Geographic
Markets with Attractive Fundamentals
1 Based on management estimates of cubic yards volume of concrete produced during the twelve months ended June 30, 2016 after giving pro-forma effect to acquisitions through June 30, 2016
t~ 1.9% of Total Company
Revenue Indirect Oil Exposure
7
Long-Term Diversification
Across Sectors and Geography
Texas/Oklahoma Northern California New York/New Jersey Washington, D.C.
Diversified Technology Financial Services Government
Strategic Footprint, Favorable Industry Dynamics & Stable Demand Profile
8
26
1
32
9 3
48 3
72 39
1
39
6 40
6
39
0
40
4
43
2
45
8
45
7
41
5
35
2
25
9
25
7
26
6 29
0 3
00 3
25 33
6
$103.17
$123.98
$20
$40
$60
$80
$100
$120
$140
0
50
100
150
200
250
300
350
400
450
500
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
A
vg. S
elling P
rice (“A
S
P
”)
V
ol
um
e
(in
m
m
c
ub
ic
y
ar
ds
(
“C
Y
D
s”
))
US Production Industry ASP/CYD USCR ASP/CYD
Favorable Margin Profile and Premium
Price Position Lead the Industry
1 Source: NRMCA
1 1
9
Ready-Mixed Top-Line Drivers
3,
83
5
3,
80
9
3,
93
4
4,
04
7
4,
33
5
4,
55
4
4,
67
4
4,
83
9
4,
95
8 5,
06
7
5,
19
4
5,
22
5
5,
34
7
5,
44
2
5,
57
5
5,
69
6
5,
71
9
5,
99
9
6,
52
3 7,
03
8 7,
52
5
7,
68
4
$92.23
$126.46
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
$140
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Q1
'11
Q2
'11
Q3
'11
Q4
'11
Q1
'12
Q2
'12
Q3
'12
Q4
'12
Q1
'13
Q2
'13
Q3
'13
Q4
'13
Q1
'14
Q2
'14
Q3
'14
Q4
'14
Q1
'15
Q2
'15
Q3
'15
Q4
'15
Q1
'16
Q2
'16
A
S
P
/ M
M
S
V
ol
um
e
(in
0
00
’s
C
Y
D
)
LTM Volume (CYDs in 000's) LTM ASP (per CYD) LTM Material Margin Spread (per CYD)
10
500
432
348 337 355 360
389
450
483
510 533
561
2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
Total non-residential building construction ($bn)
81 82
83
79 81
81
84
90
94
97
99
102
2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
Highway and street construction ($bn)
155
106
78 79
85 91
109
124
133 138
143 149
2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
Commercial office and retail building construction ($bn)
358
254 249 253
276
329
375
424
450 468
487
518
2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
Total residential building construction ($bn)
Source: FMI Corp. as of March 31, 2016
Top 3 Position in Favorable Geographic Markets
with Attractive Fundamentals
Robust end markets expecting continued growth
11
418 433 433
604 609
551
621
689 681
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
1,338 1,340
1,500 1,479
1,381 1,444
1,568 1,614 1,572
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
1,340 1,293 1,411
1,652 1,769
1,981
2,106 2,155 2,114
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
1,666
1,994
2,559
3,221 3,076 3,115 3,248
3,322 3,289
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E
San Francisco MSA1
Washington, D.C. MSA1New York City MSA1
Dallas-Fort Worth MSA1
Source: Dodge Data & Analytics
Note: Non-residential construction defined as cubic yards of concrete used
1 “Metropolitan Statistical Area”
Top 3 Position in Favorable Geographic Markets
with Attractive Fundamentals (cont’d)
USCR regional markets expecting continued growth
Annual new non-residential construction (‘000 cubic yards)
12
82.2%
38.4%
(13.3%)
27.7%
(9.2%)
42.4%
11.3%
(30%)
(15%)
0%
15%
30%
45%
60%
75%
90%
New York - New
Jersey
Dallas - Fort
Worth
Western Texas San Francisco Washington
D.C.
Total USCR National
average
Source: United States Census Bureau – Building Permits Survey
Top 3 Position in Favorable Geographic Markets
with Attractive Fundamentals (cont’d)
Growth in building permits in most of USCR’s largest regional markets are substantially outpacing the national average
Building permits in USCR-served regional markets year-over-year % change from 2014 to 2015
Housing start forecasts (‘000s units)
Source: National Association of Realtors, Mortgage Bankers Association, Fannie Mae, National Association of Home Builders, as of March 2016
Single-family Multi-family Total CAGR
2014 2015A 2016E 2017E 2014 2015A 2016E 2017E 2014 2015A 2016E 2017E '14 - '17E
NAR 647 715 803 900 354 397 405 430 1,001 1,112 1,208 1,330 9.9%
MBA 647 712 831 954 354 394 393 405 1,001 1,106 1,224 1,359 10.7%
Fannie Mae 648 715 817 927 355 397 417 428 1,003 1,112 1,234 1,355 10.5%
NAHB 647 712 817 1,021 354 394 396 414 1,001 1,106 1,213 1,435 12.8%
Minimum 647 712 803 900 354 394 393 405 1,001 1,106 1,208 1,330 9.9%
Average 647 714 817 951 354 396 403 419 1,002 1,109 1,220 1,370 11.0%
Median 647 714 817 941 354 396 401 421 1,001 1,109 1,218 1,357 10.6%
Maximum 648 715 831 1,021 355 397 417 430 1,003 1,112 1,234 1,435 12.8%
13
Top 3 Position in Favorable Geographic Markets
with Attractive Fundamentals (cont’d)
Residential construction is stabilizing and growing in regional markets where USCR has a leading position
70
37
27 27 24 29
37 42
47
71
91 95 94
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E2017E2018E2019E
California housing starts (‘000)
46
30
25 26 24
28
32 30 33
41
50
55 56
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E2017E2018E2019E
Washington D.C. area1 housing starts (‘000)
34
24
16
19
15
18
22 20
22
24
27 28 27
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E2017E2018E2019E
New York and New Jersey housing starts (‘000)
124
82
67 70 66
81
90
100
108
116
137
145 146
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E2017E2018E2019E
Texas housing starts (‘000)
Source: Global Insight as of February 2016
Note: Data consists of private single family housing starts; annual data represents average of four quarters of Seasonally Adjusted Annual Rate (“SAAR”) figures
1 Washington, D.C. area also includes Virginia and Maryland
14
Vertical Integration Into Aggregates
Enhances the Value Chain
Aggregates primary focus is supply of U.S.
Concrete’s ready-mixed operations
Aggregates exposure generates higher
overall corporate margins
Vertical integration enhances market
dynamics
Provides stable supply and strategic
advantage
Improves overall purchasing power
Increases precision in bidding for new
projects
Aggregates used in USCR’s ready-mixed operations1, LTM 6/30/16
Externally
sourced &
acquisition
opportunities
65%
Internally
sourced
35%
Key focus of acquisition strategy
14 aggregates production facilities,
1 recycling operation, 3 import docks
Over 130 million tons of owned and leased
reserves
Increasingly Vertically Integrated
¹ From regions where USCR has aggregates
15
Experienced Management Team Driving
Sustainable Business Improvement
Executive leadership focused on positioning the business for continued success
Demonstrated commitment to focus on highly attractive geographies and end markets with superior margin projects
Dallas, New York and San Francisco are among the strongest non-residential and residential construction markets
Commercial construction orientation requires greater technical expertise and product capabilities
Synergistic acquisitions within existing footprint or in geographies with defensible market positions
Margin results supported by achieved shift in concrete pricing and material margin spread
USCR’s average price per cubic yard was ~$25 greater than industry average in 2015 compared to average price in-
line with industry in 2009
Resulting material margin spread has increased from $43/cubic yard in 2009 to $62/cubic yard in the last twelve
months ended 6/30/16
Material spread margin in prior downturn (2007 to 2009) increased from $40/cubic yard to $43/cubic yard
Greater vertical integration of aggregates business has also enhanced Adjusted EBITDA margins
Internal requirements are ~1/3 filled from USCR quarries in markets with aggregates positions
External aggregates sales for the last twelve months ended 6/30/16 are approximately $20mm higher than 2009
Sales of aggregates achieve Adjusted EBITDA margins greater than 20%
($mm) 2007 2009 LTM 6/30/16 Commentary
Revenue $803.8 $534.5 $1,079.5 Greater scale
Adjusted EBITDA2 $75.4 $17.4 $141.7 Higher profitability
Adjusted EBITDA margin2 9.4% 3.2% 13.1% Improved EBITDA margins
Material spread margin ($ / cubic yard) ~$40 ~$43 ~$62 Stable spreads during downturn, and better material spread margins today
Ready-mixed sales volume (mm cubic yards) ~7.6 ~3.9 ~7.7 Steady volume, now with differentiated composition
Leverage1 4.0x 17.0x 2.4x Lower leverage
1 Defined as net debt / Adjusted EBITDA
2 2007 and 2009 reflect total consolidated results; LTM 6/30/16 reflects results from continuing operations
16
Significant Industry Consolidation Opportunities Exist
to Enable Scaling of USCR’s Ready-Mixed Business
Ready-Mixed Concrete Market Size (as of August 2016)
Deal opportunities remain robust
USCR is an acquiror of choice in
established markets through decades
long relationships amongst local and
national management teams
Aggregates provide additional
expansion opportunities and
strengthen vertically integrated
capabilities
Increasing vertical integration among
cement, aggregates and concrete
producers represents favorable
market dynamic
Annual Revenue $30.0 B
Ready-Mixed
Concrete Producers 2,200
Ready-Mixed
Concrete Plants 6,500
Source: NRMCA; IBISWorld
17
Focused and Disciplined Acquisition Strategy
Continue to expand within existing regional markets through concrete
bolt-ons and vertical integration into aggregates
Local
Opportunity
Expand concentrically around existing regionsRegionalOpportunity
Selected larger-scale opportunities in new geographies
National
Opportunity
Strong, stable markets with promising growth profile
Appealing market structures
Defensible positions of scale with barriers to entry
Successful Deal Track Record With Significant Consolidation Pipeline
18
Completed 23 ready-mixed concrete and aggregates acquisitions since 2014
Sourcing, executing and integrating acquisitions is a core competency of USCR
Rationalizing existing markets limits impact of cyclicality
Proven ability to consolidate markets, vertically integrate operations, enhance margins and
generate attractive returns
Greco Brothers Concrete
Brooklyn, NY (Feb. 2016)
3 ready-mixed concrete plants and 1 block plant – 32 mixer trucks
Vertically integrated with 2 aggregates quarries; ~40 million tons of reserves and export capability
Spartan Concrete Products
St. Croix, USVI (Oct. 2015)
2 ready-mixed concrete plants – 37 mixer trucks
Strengthened position in New York metropolitan area
Recent Notable Acquisitions
Acquired
Since 2014
25% Organic
75%
Adjusted EBITDA, LTM 6/30/16
1 ready-mixed concrete plant – 16 mixer trucks
Vertically integrated St. Croix with Heavy Materials aggregates supply
Heavy Materials
St. Thomas / St. Croix, USVI (Oct. 2015)
3 ready-mixed concrete plants – 42 mixer trucks
Expanded metro D.C. footprint into northern Virginia
DuBrook Concrete, Inc.
Chantilly, VA (May 2015)
Kings Ready Mix
Brooklyn, NY (Aug. 2016)
4 ready-mixed concrete plants – 62 mixer trucks
Strengthened position in New York metropolitan area
Successful Track Record of Accretive Acquisitions
with Significant Consolidation Pipeline
Accretive acquisitions continue to accelerate Adjusted EBITDA growth
6 ready-mixed concrete plants – 89 mixer trucks in NYC
Expanded service coverage to all of Manhattan
Ferrara Bros.
New York, NY (Apr. 2015)
NYCON Supply Corp.
Queens, NY (June 2016)
2 ready-mixed concrete plants – 38 mixer trucks
Expanded position in Western Queens and Midtown Manhattan area
Jenna Concrete Corp.
Bronx, NY (Aug. 2016)
2 ready-mixed concrete plants – 52 mixer trucks
Expanded geographic coverage in Manhattan market and establishes footprint in the Bronx borough
19
Sustainable demand growing; the USGBC1
projects commercial green construction
spending will grow 9.8% YoY from 2015 to
2018
Increased Product
Demand
USCR’s technology/innovations drive the
development of engineered mixes that reduce
carbon footprint, while delivering higher
performing concrete, compared to traditional
concrete
Competitive Advantage
and Clear Differentiation
Low-CO2 mixes utilize lower-cost, cement
replacement materials, while offering equal or
higher performance compared to traditional
concrete
Reduced Material Cost/CYD;
Greater Margin Potential
Cement companies remain focused on core
activities of cement production and utilization,
which is capital intensive; USCR has more
flexibility to make and execute operating
decisions
Greater Business
Flexibility
Top Supplier to Commercial Projects
with High Margins
USCR sustainability leadership enhances market opportunity
1 U.S. Green Building Council
20
Average Selling Price Sales Volume (‘000)
4,047
4,839 5,225
5,696
7,038
7,684
2,741 3,407
3,597
4,650 4,919
5,508
2011 2012 2013 2014 2015 LTM 6/30/16
Ready-Mixed (CYDs) Aggregates (Tons)
$94.47 $97.59
$104.03
$110.85
$123.98 $126.46
$7.46
$7.89
$8.84
$9.40
$10.54
$11.19
2011 2012 2013 2014 2015 LTM 6/30/16
Ready-Mixed ($/CYD) Aggregates ($/ton)
Adjusted EBITDA from Continuing Operations ($mm)Revenue ($mm)
$428
$517
$598
$704
$975
$1,080
2011 2012 2013 2014 2015 LTM 6/30/16
$12
$26
$49
$78
$132 $142
2011 2012 2013 2014 2015 LTM 6/30/16
Financial Performance and Conservative
Balance Sheet
21
Ready-Mixed Sales Volume (Million Cubic Yards)Ready-Mixed Average Selling Price (Per Cubic Yard)
$793
$1,080
LTM 6/30/15 LTM 6/30/16
Adjusted EBITDA from Continuing Operations ($mm)Revenue ($mm)
6.00
7.68
LTM 6/30/15 LTM 6/30/16
$96
$142
LTM 6/30/15 LTM 6/30/16
$117.71 $126.46
LTM 6/30/15 LTM 6/30/16
Financial Performance and Conservative
Balance Sheet
Improved year-over-year performance (LTM 6/30/16)
22
Ready-Mixed Average Selling Price (Per Cubic Yard)
Adjusted EBITDA from Continuing Operations ($mm)1
Ready-Mixed Sales Volume (Million Cubic Yards)
$123.24
$129.01
Q2 2015 Q2 2016
Financial Performance and Conservative
Balance Sheet
Improved year-over-year performance (Q2 2016)
$33.7 $34.1
Q2 2015 Q2 2016
Revenue ($mm)
$245
$276
Q2 2015 Q2 2016
1.77 1.93
Q2 2015 Q2 2016
1 North Texas weather impacted results.
(1) (1)
23
Sources, Uses and Pro Forma Capitalization
Recent HY Notes Offering
Sources ($mm)
New Senior Unsecured Notes at 6.375% due 2024 $400.0
Total Sources $400.0
Sources & Uses
Pro Forma Capitalization
Uses ($mm)
Refinance existing 2018 Secured Notes $200.0
Pay down ABL Facility1 65.0
Cash to balance sheet for potential acquisitions 118.9
Call premium 8.5
Fees and expenses 7.6
Total Uses $400.0
As of 3/31/2016 PF 3/31/2016 As of 6/30/16 Actual
($mm) Amt. xAdjustedEBITDA Amt.
xAdjusted
EBITDA Amt.
xAdjusted
EBITDA
Cash and cash equivalents $8.8 $127.7 $101.1
$250mm ABL revolver due 2020 (“ABL Facility”) $65.0 0.5x $0.0 0.0x 0.0 0.0x
8.500% Senior Secured Notes due 2018 (“2018 Secured
Notes”) 200.0 1.4x 0.0 0.0x 0.0 0.0x
New Senior Unsecured Notes due 2024 (“2024
Unsecured Notes”) 0.0 0.0x 400.0 2.8x 400.0 2.8x
Other debt2 37.1 0.3x 37.1 0.3x 50.7 0.4x
Total debt2 $302.1 2.1x $437.1 3.1x $450.7 3.2x
Net debt 293.3 2.1x 309.4 2.2x 349.6 2.4x
Market value of equity3 (as of 5/31/2016 or 8/2/2016) 974.5 6.9x 974.5 6.9x 935.2 6.6x
Total capitalization $1,276.6 9.0x $1,411.6 10.0x $1,385.9 9.8x
Enterprise value $1,267.8 9.0x $1,283.9 9.1x $1,284.8 9.1x
LTM 3/31/2016 or 6/30/2016
Adjusted EBITDA4 141.2 141.2 141.7
Liquidity5 103.4 287.2 294.2
1 ABL Facility balance as of 3/31/2016
2 Excludes unamortized debt issuance costs
3 Fully diluted value, including existing warrants and unvested options
4 Adjusted EBITDA is a non-GAAP financial measure. See page 30 for a reconciliation to net income from continuing operations
5 Liquidity is the sum of cash and cash equivalents, and availability under existing ABL Facility
Appendix
25
Top 15, 19%
16-25, 6%
26-35, 4%
36-50, 2%
51+, 69%
Overview of Top Customer RelationshipsRevenue by Customer (2015)
Source: U.S. Concrete
Customer Years End Market Location % of 2015 revenue
1. Customer A* 21 High Rise, Commercial, Gov't Northern Texas 3.2%
2. Customer B* 21 Residential Northern Texas 2.2%
3. Customer C 30 Commercial Northern California 2.0%
4. Customer D 12+ High Rise, Commercial NY / NJ / DC 1.5%
5. Customer E* 21 Commercial Northern Texas 1.3%
6. Customer F 7 Commercial Office / Multi family / hotel NY / NJ / DC 1.3%
7. Customer G 30 Commercial Northern California 1.3%
8. Customer H 20 Commercial Northern California 1.1%
9. Customer I 20 Commercial Northern California 1.0%
10. Customer J 30 Commercial Northern California 0.8%
11. Customer K 21 Government Northern Texas 0.8%
12. Customer L 30 Industrial, Trans, Gov’t NY / NJ / DC 0.7%
13. Customer M 10 Commercial Northern California 0.7%
14. Customer N 3 High Rise, Commercial NY / NJ / DC 0.7%
15. Customer O 10 Commercial Northern California 0.7%
Average 20 Total 19.3%
The average length of USCR’s top 15 customer relationships is ~20 years
Long-Term Diversified Customer Base Across
Sectors and Regions
Quality, long-tenured client relationships with focused concentration in key markets
* Denotes customers that are related to each other
Revenue Mix by Region (LTM 6/30/16) (2014A)
Northern
Texas
27%
Northern
California
28%
New York /
New Jersey / DC
31%
Other
2%Western / Southern
Texas
12%
No direct oil and
gas exposure
26
Top Supplier to Commercial Projects
with High Margins
Selected precedent commercial projects
Higher margins due to rigorous specifications, increased complexity, high
customization requirements and significant plant and truck capacity demands
Project and Location Cubic Yards Status
1. LaGuardia Airport1 – Queens, NY 350,000 Backlog
2. Toyota North American Headquarters – Plano, TX 140,000 In Progress
3. The Union Tower – Dallas, TX 110,000 Backlog
4. Facebook NA-4 Data Center – Fort Worth, TX 100,000 In Progress
5. San Antonio Village – Mountain View, CA 100,000 In Progress
6. Dallas Love Field Parking Garage – Dallas, TX 80,000 Backlog
7. Legacy West – Plano, TX 80,000 In Progress
8. The Wharf – Washington, D.C. 77,000 In Progress
9. 655 NY Avenue – Washington, D.C. 71,000 Backlog
10. Manhattan West Tower – Manhattan, New York 70,000 In Progress
1 Joint venture with two other suppliers
27
Name Role Year Joined Relevant Experience
Bill Sandbrook President and Chief Executive Officer 2011 24 years
Joseph Tusa, Jr. Senior Vice President and Chief Financial Officer 2016 9 years1
Ronnie Pruitt Senior Vice President and Chief Operating Officer 2015 23 years
Paul Jolas Senior Vice President, General Counsel and Corporate Secretary 2013 26 years
Brian Mahavier Vice President – Strategy and Development 2013 11 years
Wallace Johnson Vice President – Marketing and Sales 2004 45 years
Mark Peabody Vice President – Human Resources 2012 25 years
Kathy Kantor Corporate Controller 2012 23 years
Niel Poulsen Executive Vice President – South East 2012 38 years
Jeff Davis Vice President and General Manager – Central Concrete Supply 2001 41 years
Kevin Kohutek Regional Vice President and General Manager – Atlantic 2012 4 years
Jeffrey Roberts Vice President and General Manager – Ingram Concrete 1994 27 years
Experienced Management Team Driving
Sustainable Business Improvement
New executive leadership since 2011
Significant experience which positions USCR for industry leadership
1 Includes experience in industrial infrastructure segment
28
Organizational Structure
U.S. Concrete, Inc. &
Subsidiaries
Alliance
Haulers, Inc.
Beall
Industries,
Inc.
Ingram
Concrete
LLC
Redi-Mix,
LLC
Atlas-Tuck
Concrete,
Inc.
Texas / Oklahoma
USC
Atlantic, Inc.
New York / New Jersey
Eastern
Concrete
Materials,
Inc.
California
Central
Concrete
Supply Co.,
Inc.
Bode Gravel
Co.
Washington D.C.
Superior
Concrete
Materials,
Inc.
ABL Facility
2024 Unsecured Notes
U.S. Virgin Islands1
Heavy
Materials,
LLC
Spartan
Products,
LLC
1 Our USVI subsidiaries do not guarantee our ABL Facility and will not guarantee the 2024 Unsecured Notes
Ferrara
Bros., LLC
29
Reconciliation of
Non-GAAP Financial Measures
We report our financial results in accordance with generally accepted accounting principles in the United States (“GAAP”). However, our management believes that certain non-GAAP performance measures and
ratios, which our management uses in managing our business, may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods. See the
table above for presentations of our Adjusted EBITDA and Adjusted EBITDA Margin for the twelve months ending June 30, 2016 and the years ending December 31, 2015, 2014, 2013, 2012, 2011, 2009 and 2007.
We define Adjusted EBITDA as our net income (loss) from continuing operations, plus the provision (benefit) for income taxes, net interest expense, depreciation, depletion and amortization, non-cash stock
compensation expense, derivative (gain) loss, (gain) loss on extinguishment of debt, non-cash gain (loss) on revaluation of contingent consideration, officer severance, acquisition-related professional fees, expense related
to the departure of our former Chief Executive Officer, expense related to our corporate headquarters relocation, and reorganization items. We have included Adjusted EBITDA and Adjusted EBITDA Margin herein because
they are widely used by investors for valuation and comparing our financial performance with the performance of other building material companies. We also use Adjusted EBITDA and Adjusted EBITDA Margin to monitor
and compare the financial performance of our operations. Adjusted EBITDA does not give effect to the cash we must use to service our debt or pay our income taxes and thus does not reflect the funds actually available for
capital expenditures. In addition, our presentation of Adjusted EBITDA may not be comparable to similarly titled measures other companies report. Adjusted EBITDA and Adjusted EBITDA Margin are not intended to be
used as an alternative to any measure of our performance in accordance with GAAP.
Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported operating results or cash flow from operations or any other measure of performance prepared in
accordance with GAAP.
The Company applied the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 852 “Reorganizations” to its financial statements while the Company operated under the provisions
of Chapter 11 of the United States Bankruptcy Code. As of August 31, 2010, the Company applied fresh-start accounting under the provisions of ASC 852. The adoption of fresh-start accounting resulted in the Company
becoming a new entity for financial reporting purposes. Accordingly, the Company’s financial statements for periods prior to August 31, 2010 are not comparable with its financial statements for periods on or after August
31, 2010. References to “Successor” in the Company’s financial statements refer to the Company on or after August 31, 2010, after giving effect to the provisions of our Plan of Reorganization and the application of fresh-
start accounting. References to “Predecessor” in the Company’s financial statements refer to the Company prior to August 31, 2010. Because of various adjustments to the Company’s consolidated financial statements in
connection with the application of fresh-start accounting, including asset valuation adjustments and cancellation of debt adjustments, the results of operations for the Successor are not comparable to those of the
Predecessor.
Successor Predecessor
LTM ended June 30, Year ended December 31, Year ended December 31,
2016
2015
(restated) 2014 2013 2012 2011 2009 2007
(Loss) income from continuing operations $(17.7) $(5.1) $21.6 $(18.3) $(24.4) $(7.9) $(78.7) $(60.8)
Income tax (benefit) expense 5.3 0.8 2.2 1.2 (3.8) (0.4) (0.3) 0.0
Interest expense, net 23.5 21.7 20.4 11.3 11.3 11.1 25.9 27.5
Corporate gain on early extinguishment of debt 12.0 - (0.0) (1.0) 2.6 - (7.4) -
Derivative loss 55.8 60.0 3.6 30.0 19.7 (13.4) - -
Depreciation, depletion and amortization 49.4 43.6 23.8 18.9 15.5 18.5 23.5 23.2
Non-cash loss on revaluation of contingent consideration 3.2 0.9 - - - - - -
Non-cash stock compensation expense 7.4 5.8 3.7 5.4 2.5 2.1 2.4 3.0
Acquisition-related professional fees 2.8 3.8 2.5 0.8 - - - -
Officer severance - 0.4 - 0.2 0.1 - - -
Departure of former CEO - - - - - 2.1 - -
Corporate headquarters relocation expense - - - 0.6 2.5 - - -
Reorganization items (2009) Goodwill impairment (2007) - - - - - 0.0 47.6 72.9
Adjusted EBITDA $141.7 $131.9 $77.8 $49.1 $26.2 $11.9 $13.0 $65.9
Adjusted EBITDA margin 13.1% 13.5% 11.0% 8.2% 5.1% 2.8% 3.0% 10.2%