Heidelberg Materials (HEI) Investor presentation summary

Company overview and market position

• Operates as one of the world's largest building materials companies with 49,000 employees and 2,600 locations across five continents.

• Holds leading positions in cement, aggregates, and ready-mixed concrete, with a balanced global footprint.

• Revenue distribution: 46% Europe, 25% North America, 16% Asia-Pacific, 13% Africa-Mediterranean-Western Asia.

• Business lines: 51% cement, 25% ready mix & asphalt, 24% aggregates.

• Maintains a solid asset base with significant reserves and production capacity worldwide.

Strategy 2030 and growth initiatives

• Focuses on profitable growth, operational excellence, and disciplined capital allocation.

• Achieved or exceeded 2025 targets: EBITDA margin 21.8%, ROIC 10.4%, leverage 1.22x, cash conversion 45.1%.

• Pursues both organic and inorganic growth, with a robust M&A pipeline and recent acquisitions in the US, Morocco, and Australia.

• Transformation Accelerator Initiative (TAI) targets over €500m in recurring savings by 2026.

• Strong cash generation supports further investments, M&A, and shareholder returns.

Financial performance and shareholder returns

• FY 2025 revenue reached €21.5bn, RCO at €3.4bn (+6%), EBITDA margin at 21.8%.

• Free cash flow at €2.1bn, cash conversion rate 45%, leverage at 1.2x.

• Adjusted EPS increased by 4% to €12.4; ROIC improved to 10.4%.

• Shareholder return rose 10% to €1.1bn, with ongoing share buybacks and progressive dividends.

• Maintains strong investment grade credit ratings and a balanced debt maturity profile.