Revenue distribution by sectors:

• Cement: approx. 45%
• Aggregates: approx. 25%
• Concrete and other products: approx. 30%

TOP 3 markets and their percentage shares:

• Europe: approx. 35%
• North America: approx. 30%
• Asia-Pacific: approx. 20%

Heidelberg Materials AG generates the majority of its revenues from cement production, followed by aggregates and concrete products. The geographical distribution shows that Europe is the most important market for the company, followed by North America and the Asia-Pacific region. These markets offer stable growth opportunities, with North America in particular benefiting from infrastructure investments.

Production Sites: Worldwide, with a focus on Europe, North America, and Asia.

Heidelberg Materials AG, formerly known as HeidelbergCement, is a globally operating company active in the construction materials industry. The company operates production facilities in over 50 countries worldwide. The main regions where Heidelberg Materials produces its products include Europe, North America, and Asia.

In Europe, the company is strongly present in Germany, the United Kingdom, Scandinavia, and Eastern Europe. In North America, it operates numerous plants in the United States and Canada. In Asia, Heidelberg Materials is active in countries such as Indonesia, India, and China.

This broad geographical presence enables the company to respond to local market requirements and benefit from regional growth opportunities.

Strategic Focus:

• Decarbonization: Goal to reduce CO2 emissions by 30% by 2030.
• Digital Transformation: Investments in digital solutions to increase efficiency.
• Market Expansion: Focus on growth markets in Asia and Africa.

Heidelberg Materials AG is pursuing a comprehensive decarbonization strategy to significantly reduce its CO2 emissions. This includes investments in new technologies and the optimization of production processes.

Additionally, the company is driving forward digital transformation to improve operational efficiency and customer experience. This involves the implementation of digital platforms and automation technologies.

Another growth focus is on expanding into emerging markets, particularly in Asia and Africa, where an increasing demand for building materials is expected. These strategic initiatives are intended to secure the long-term growth and competitiveness of Heidelberg Materials.

Main Imported Raw Materials: Clinker, Coal, Gypsum, Aggregates

Countries of Origin:

• Clinker: Turkey, Greece
• Coal: South Africa, Russia
• Gypsum: Spain, France
• Aggregates: Norway, Sweden

Heidelberg Materials AG imports a variety of raw materials necessary for the production of cement and concrete. Clinker, an essential component of cement, is often imported from countries like Turkey and Greece, as these countries have large production capacities.

Coal, used as a fuel for cement production, is mainly sourced from South Africa and Russia, as these countries have extensive coal reserves and offer competitive prices.

Gypsum, used in the production of cement and as an additive in the construction industry, is imported from Spain and France, where it is mined in large quantities.

Aggregates, needed for concrete production, often come from Norway and Sweden, known for their high-quality natural resources. These imports are necessary to meet the production requirements of Heidelberg Materials AG and ensure the quality of their products.

Market share in Europe: 10% (estimated 2025)
EBITDA margin: 20% (2024)
R&D expenses: 2% of revenue (2024)

Heidelberg Materials AG has a significant competitive advantage that arises from several factors. Firstly, the company is one of the leading providers of construction materials in Europe, giving it a considerable market share and a strong market position. This position enables the company to benefit from economies of scale and to efficiently structure its cost.

Secondly, Heidelberg Materials maintains a solid EBITDA margin of around 20%, indicating effective cost control and strong operational performance. This margin is above average compared to many competitors in the industry, providing the company with a financial advantage.

Furthermore, Heidelberg Materials continuously invests in research and development to develop innovative and sustainable construction material solutions. With R&D expenses accounting for about 2% of revenue, the company demonstrates a commitment to innovation, helping it to differentiate itself from the competition and respond to changing market demands.

Overall, the combination of market leadership, efficient cost structure, and innovation capability significantly strengthens the competitive advantage of Heidelberg Materials AG.

Institutional Investor Share: approx. 65% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated for 2025)

Heidelberg Materials AG traditionally has a high proportion of institutional investors, indicating confidence in the company's stability and growth potential. The institutional investor share typically exceeds 60%, with major investment funds and pension funds among the main investors.

There have been no significant insider transactions in the last 12 months, indicating a stable assessment of the company's value by management. This can be seen as a sign that management does not expect drastic changes in the company's value.

Market share of Heidelberg Materials AG: Approx. 8% (2025, estimate based on the global cement market)

Main competitors and their market shares:

1. LafargeHolcim: Approx. 10% (2025)
2. Cemex: Approx. 6% (2025)
3. CRH: Approx. 5% (2025)
4. Anhui Conch Cement: Approx. 4% (2025)
5. China National Building Material (CNBM): Approx. 4% (2025)

Moat of Heidelberg Materials AG:

Heidelberg Materials AG has a moderate moat, mainly characterized by its geographical diversification and strong market presence in Europe and North America. The company benefits from an established supply chain and long-standing customer relationships, serving as barriers to entry for new market participants.

In comparison to its competitors, LafargeHolcim has a stronger moat, supported by its global reach and innovation in sustainable building materials. Cemex and CRH also have significant advantages due to their strong regional presence and production efficiency.

Heidelberg Materials could enhance its moat by increasing investments in sustainable technologies and digitalization to differentiate itself from the competition. However, competition remains intense, and the ability to adapt to market trends is crucial for long-term success.

Revenue growth: 8% (2024)
EBITDA margin: 20% (2024)
Market share in the European cement market: 15% (2024)

Heidelberg Materials AG recorded a revenue growth of 8% in 2024, attributed to strong demand in core markets and successful expansion strategies. The EBITDA margin of 20% demonstrates solid operational efficiency and cost-effectiveness, indicating the company's ability to stabilize its profits despite volatile raw material prices.

The company holds a significant market share of 15% in the European cement market, highlighting its strong competitive position. This market position enables Heidelberg Materials to benefit from infrastructure projects and the general construction industry.

Additionally, Heidelberg Materials is investing in sustainable technologies and CO2 reduction initiatives, which are expected to lead to positive developments in terms of regulatory requirements and environmental awareness in the long term. These strategic initiatives could place the company in an advantageous position in the coming years to benefit from a growing market for environmentally friendly building materials.

Overall, these factors suggest that Heidelberg Materials AG's stock could present an attractive investment opportunity, especially for investors interested in a long-term growth strategy.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous payout in the last 5 years

Heidelberg Materials AG has pursued a consistent dividend policy in recent years. The dividend yield for the year 2025 is estimated to be around 3.5%, based on recent payouts and current stock price development.

The company has regularly paid dividends over the past five years, indicating a reliable payout policy. The stability of dividend payments is supported by Heidelberg Materials' solid financial performance and strong market position. Analysts expect the company to continue to be able to pay dividends at a similar level in the future, provided there are no significant negative market changes.