Investor Presentaiton

EDGE: Our 2025 Targets & Long-term Vision Adjusted EBITDA Margin Capex -15% 11.7% 2022 $178 MM EDGE: KEY NEAR-TERM DRIVERS Pricing Strategy Targeted Bid Strategy PIT Crew and Institutionalizing Best Practices ■ Benefit from Scale ■ Focus on Increasing Mix of Aggregates KNIFE RIVER 20% 2025 Guidance Long-Term Vision ~$170 MM 5-7% of Revenue KEY ASSUMPTIONS ■ Increasing mix of aggregates relative to 2022 Normal economic environment No further rapid rise in inflation ■ No material M&A 48

View entire presentation