BUZZI UNICEM SPA-UNSPON ADR Business Summary

Buzzi SpA (formerly Buzzi Unicem SpA) operates as a vertically integrated international manufacturer of building materials, primarily generating revenue through the production and sale of cement, ready-mix concrete, and natural aggregates. The company’s business model is anchored by its Cement segment, which accounted for approximately €3.24 billion of its €4.52 billion in consolidated net sales for FY 2025, supported by a secondary Concrete and Aggregates division. Geographically, the firm maintains a diversified footprint across Italy, Central and Eastern Europe, and North America, with the United States serving as its most significant market, contributing over 35% of total revenue. Buzzi competes globally against industry giants such as Holcim, Cemex, and Heidelberg Materials, positioning itself as a high-efficiency mid-tier player with a strategic focus on long-term value through plant modernization and recent expansion into the UAE market. The company is led by a multi-generational executive team with deep roots in the Buzzi family, which retains control through holding companies Fimedi S.p.A. and Presa S.p.A., collectively owning approximately 53% of ordinary shares. Pietro Buzzi, who previously served as Chief Financial Officer, currently holds the role of Chief Executive Officer, while Luigi Buzzi serves as Chief Technology Officer, overseeing the group's technical development and sustainability initiatives. The leadership team is rounded out by Chairwoman Veronica Buzzi and Chief Operating Officer Dirk Beese, the latter of whom brings extensive experience from his tenure as CEO of the group’s German subsidiary, Dyckerhoff. This core leadership was re-confirmed for a three-year term in May 2026, ensuring continuity for a firm originally founded in 1907 by brothers Pietro and Antonio Buzzi.