Summit Materials LLC (SUM) 2015年年度报告「NYSE」.pdf

1、SUMMIT MATERIALSNOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS,PROXY STATEMENT&2015 ANNUAL REPORTNOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS,PROXY STATEMENT&2015 ANNUAL REPORTDear Stockholders,2015 marked an exciting year of growth for Summit Materials both for our company,and in the industry that

2、drives our business.Summit Materials had its initial public offering on March 11,2015.The execution of our organic and acquisition growth strategy,and our vertically integrated model resonated with investors,acquisition targets,and our employees.The IPO was an incredibly exciting milestone in Summit

3、 history,and the first step in a long future as a public company.In 2015,Summit reported$288 million of Adjusted EBITDA and$1.3 billion of Net Revenue.This represented our highest EBITDA Margin to date at 22.3%-an increase of approximately 460 basis points over the prior year.This margin expansion w

4、as driven by organic price,cost and volume improvement in each of our lines of business,and the successful integration of our accretive acquisitions.Additionally,world class information technology systems,and our Performance Teams continued to support our profit and margin improvement.In addition to

5、 organic growth,acquisitions are the second component of our growth strategy and we are very pleased with the acquisition activity we saw in 2015.In July we completed Summits largest acquisition to date through the purchase of the Lafarge Davenport cement assets.The strategic acquisition advanced Su

6、mmits position as a leading cement supplier in the Midwest,adding a plant and 8 terminals along the Mississippi River.The addition of Davenport approximately doubled Summits cement production and increased Materials-based earnings to approximately 60%of Adjusted EBITDA.We also completed two value-ad