There is provided an aerosol-generating article including a heat source; an aerosol-forming substrate disposed in thermal communication with the heat source; and a heat-conducting component disposed around at least a portion of the aerosol-forming substrate, the heat-conducting component including an outer surface forming at least part of an outer surface of the aerosol-generating article, wherein at least a portion of the outer surface of the heat-conducting component includes a surface coating and has an emissivity of less than about 0.6. A method of manufacturing the aerosol-generating article is also provided.