Exterior insulation finishing system
Exterior insulation and finish system (EIFS) is a general class of non-load bearing building cladding systems that provides exterior walls with an insulated, water-resistant, finished surface in an integrated composite material system. EIFS has been in use since the 1960s in North America and was first used on masonry buildings.
Source: Wikipedia — Exterior insulation finishing system (CC BY-SA 4.0)