PRYSMIAN SPA-UNSPONSOREE ADR Business Summary

Prysmian S.p.A. (PRYMY) is the global leader in the energy and telecom cable systems industry, generating revenue through the design, manufacture, and installation of high-tech cabling solutions for power transmission, grid distribution, and telecommunications. The company operates through four primary business segments: Transmission (submarine and underground high-voltage projects), Power Grid (distribution networks), Electrification (industrial and construction applications), and Digital Solutions (fiber optics and connectivity). Prysmian leverages a solution-centric model, securing long-cycle contracts for critical infrastructure like offshore wind farms and hyperscale data centers, which currently drive significant organic growth. Its primary direct competitors include Nexans, NKT, Southwire, and Sumitomo Electric; Prysmian maintains its market-leading position through the industry's largest manufacturing footprint and a dominant share of the high-margin subsea cable market. Originally founded in 1879 as Pirelli Cavi e Sistemi, the company was established as Prysmian in 2005 following a leveraged buyout by Goldman Sachs Capital Partners led by long-time executive Valerio Battista. The current leadership team is headed by CEO Massimo Battaini, a 30-year veteran of the group who previously served as COO and CEO of North America. Key executives include Chief Innovation, Sustainability and R&D Officer Srinivas Siripurapu, Chief Strategy & M&A Officer Maria Cristina Bifulco, and CFO Pier Francesco Facchini, who is set to be succeeded by Anna Tanganelli (formerly of Iveco Group) in late 2026. The company is a true public entity with approximately 80% institutional ownership, featuring notable investors such as BlackRock and Pacer Advisors, and is overseen by Chairman Francesco Gori, former CEO of Pirelli Tyre.