Growth borne of innovation 2012 Highlights What is ferrovial? € million • Founded in 1952 Revenue 7,686 EBIDTA 927 • Global infrastructure company Net result 710
• Transport infrastructure world *Net cash position 1,489 leader by invested capital since Construction Backlog 8,699 1985: $72.000 million* Service Backlog 12,784 • With operations covering: airports, toll roads, services & construction + • Included in the Ibex 35 Index and in the Dow Jones and FTSE4Good • Sold 16.34% HAH** Consolidated by equity method • HAH (34%) • Edinburgh & Stansted (Jan’13) • 407 ETR (43%) Sustainability indexes • 407 ETR
**Formerly BAA
*Source: Public Works Financing 2012 * 2013 TO INVEST IN FUTURE GROWTH
TOLL ROADS CONSTRUCTION SERVICES AIRPORTS 2 Ferrovial two main assets, Highway 407 ETR and Heathrow Airport, both now What is ferrovial? consolidated by equity method, set new traffic records and distributed dividends Revenue 2012: € 7,686 million
Business divisions Geographic distribution HAH (33,65%) 407 ETR (43%)
Spain 5% 38%5%32% Services UK HAH 2012 407 ETR 2012 38% 5757% Toll Roads United States & Canada Revenues Revenues % Construction 57% Poland Airports € 2,646 million € 734 million 38% Rest of the world 5% 23% 38% HAH 2012 407 ETR 2012 + EBITDA EBITDA EBITDA 2012: € 927 million 38%38% € 1,355 million € 608 million Business divisions Geographic distribution 1GBP=1.20€ 1CAD=0.76€
Services Spain Toll Roads UK Construction United States&Canada Airports Poland
Rest of the world
3 What is ferrovial?
Business model: Integrated infrastructure management (DBFOM)
Construction Maintenance
Infrastructure’s operator
Operation
CONSTRUCTION (DB) TOLL ROADS (FOM) AIRPORTS (FOM) SERVICES (FOM)
• Civil engineering • Urban services & waste • Concession and • Ownership • Building • Facility management operation • Operation • Industrial • Infrastructure maint.
End-to-end infrastructure company 4 What is ferrovial? Business Divisions
CONSTRUCTION: + 80 years of experience: civil works, building, industrial… + 13,956 employees + € 4,326 M revenue in 2012: 70% international + € 8,699 M backlog in 2012: 70% international + 650 international projects successfully carried out
TOLL ROADS: 24 highways in concession in 8 countries Spain, Canada, USA, Colombia, Portugal, Ireland, Greece and Australia. 2,050 km € 21,237 M Invested
AIRPORTS: One of the major private airport operators in the world 4 airports: Heathrow, Southampton, Glasgow and Aberdeen. 100 million passengers
SERVICES: Leading company in the provision of services for transport infrastructure (urban, road and rail) and facility management. International benchmark for the provision of urban and environmental services. In 2012, Ferrovial Services has consolidated its distinctive model for the efficient delivery of comprehensive services to cities + € 12,700 M backlog in 2012
5 Construction Division Structure
Backlog 2012: 8.699 billion euro Revenue 2012: 4.326 billion euro
■ Ferrovial subsidiary that carries out civil engineering, construction and industrial projects. 30% Spain ■ Revenue in 2012: 4.326 billion euro Spain International ■ Backlog in 2012: 8.699 billion euro 70% International For more information, please refer to www.ferrovial.com
■ Poland's largest construction company ■ One of the largest road construction groups ■ Leader in the design and construction of ■ Civil work, building, industrial in Texas water treatment plants and sewage construction and real estate ■ Specialized in the construction of civil treatment ■ One of the First R.O. desalination development projects. infrastructure. ■ companies in the world ■ Subsidiary of Ferrovial Agroman since Leader in the production and distribution of recycled construction aggregates ■ Ferrovial Agroman acquired Cadagua in 2000 ■ Subsidiary of Ferrovial Agroman since 2005 1985 ■ Revenue in 2012: 1.420 billion euro ■ Revenue in 2012: 591 million euro ■ Revenue in 2012: 125 million euro ■ Backlog in 2012: 1.194 billion euro ■ Backlog in 2012: 1.288 billion euro ■ Backlog in 2012: 518 million euro
For more information, please refer to www.budimex.com.pl For more information, please refer to www.wwebber.com For more information, please refer to www.cadagua.es
6 Construction Division Experience
Since 1927… More than 80 years experience... More than 50 years of international activity in more than 50 countries in the 5 continents and more than 650 projects successfully carried out... More than 40 years designing & building turnkey projects for PPP schemes...
+ 3,890 km of toll highways + 15,100 km new roads and expressways + 27,170 km maintenance and re-pavement of Roads
138 hospitals 110 hotels + 10.6 million m2 industrial buildings + 12.4 million m2 non residential buildings + 18 million m2 residential buildings
+ 470 km tunnels + 4,060 km channels + 6,170 km water pipelines + 3,800 km gas and oil pipelines
29 hydroelectric power stations + 147 dams 220 water treatment plants (included RO) + 32 km quays and ports infrastructure
+ 40 airports 20 football and Olympic stadiums + 4,600 km new railways track (included 722 km. high speed) 7 Construction Division
IRELAND UK FRANCE SPAIN ITALY POLAND GREECE PORTUGAL
CANADA Re-Open 2011
USA INDIA (Industrial)
MOROCCO (Industrial) PUERTO RICO
QATAR Open 2010 COLOMBIA Re-Open 2010 BRAZIL Open 2012 DUBAI PERU AUSTRALIA (Industrial) Open 2012 Open 2011
SAUDI ARABIA OMAN CHILE Open 2012 (Industrial) 55%
Ferrovial Agroman Presence
88 Construction Division
Ferrovial Agroman Revenue: 4.326 billion euro Budimex Revenue: 1.420 billion euro Webber Revenue: 591 million euro Cadagua Revenue: 125 million euro
Relevant international projects under construction 31/12/2012
Chile: 10 Greece: 2 Canada: 1 UK: 11 Colombia: 2 USA: 5 Puerto Rico: 20 Poland (Budimex) 217 Ireland: 3 USA (Webber) 53 Portugal: 6 France 2
Construction Human Resources 31/12/2012: 13,956
9 Key Figures Current Portfolio of Concessions
€ Million 2012 Important Projects 24 concessions Revenue 381 New markets 2,050 km of toll roads Equity consolidated Assets EBITDA 271.6 Presence in 8 countries ETR 407 EBITDA Margin 71.2% 21,237 million € investment managed Indiana Toll Road EBIT 204.4 Ionian Roads EBIT Margin 53.6%
407 ETR. Equity method, Ferrovial stake: 43% Canada Ireland 407 ETR Eurolink M4-M6 407 EDG Eurolink M-3 CAD Million 2012 EBITDA growth (9.8%) USA Spain Stable traffic Chicago Skyway Ausol I Revenue 734 Indiana Toll Road M-203 Tariff growth Segments 5&6 SH130 R-4 EBITDA 608 NTE AP-36 Long Term bond issuance in 2012 IH-635 Autema Net Debt 5,219 Ausol II No relevant maturities until 2015 Portugal Plata Highway E. Algarve CAD 1.68 Bn issued since 2008 Almanzora Highway North Litoral CAGR(06-11) 9.5% Dividend payment (CAD 600 millions) Scut Açores Greece 608 Ionian Roads Central Greece 353 EBIT (CAD million)
2006 2007 2008 2009 2010 2011 2012 10 Key Figures
GBP Million 2012
Revenues 2,646
EBITDA 1,355 • EBITDA%/Revenues 51.2% Following the acquisition of BAA, in June 2006, Ferrovial became the world leading private NET DEBT 12,931 infrastructure operator • BAA became HAH*1 in October 2012 Traffic (Pax Million) 2012 • Ferrovial stake 31/12/2012: 33,65% Heathrow 70.0 • Stansted 17.5 Currently HAH manages four airports in UK and *2 Scotland 10.5 Scotland: Heathrow, Southampton, Aberdeen and (Edinburgh until May ’12) Glasgow. Southampton 1.7 • UK Airports 99.7 LHR highest ever traffic
*1 Heathrow Airport Holding *2 After Edinburgh and Stansted Sale (January 2013) 1111 Key Figures
Business in 2012 Amey € Million Spain
Revenue 2.951,2 1.490,6 1.460,6
EBITDA 313,6 118,3 195,3
EBITDA % 10,6% Backlog 12.783,9 7.207,0 5.576,9 Structure
Activities in Spain: - Maintenance and comprehensive conservation of infrastructures and buildings. Its main areas of Spain Business activity are facility management, energy management and conservation of roads, airports and urban roads. - Comprehensive waste management and environmental services in cities.
UK Business Amey is the leading subsidiary of Ferrovial Services in UK. Is dedicated to infrastructure maintenance and facility and building management
FBSerwis, is a joint venture between Ferrovial Services and Budimex, in order to take the opportunity of the synergies that the experience of both companies can achieve, the comprehensive Poland Business management of assets in the Polish market; design and construction, developed by Budimex, and the maintenance throughout the life cycle provided by Ferrovial Services. The activities of the company include Environmental Services, Infrastructure Maintenance, Facility Management and Energy Efficiency Services. 12 Some Relevant Projects
13 Some of our Airports
Heathrow Airport Warsaw Airport Madrid Barajas Airport Barcelona Airport Malaga Airport Bilbao Airport Tenerife Sur Airport Asturias Airport Ibiza Airport Seville Airport Logroño Airport Cuatro Vientos Airport Santander Airport Las Palmas Airport Zaragoza Airport Vigo Airport Tenerife Airport Pontevedra Airport Melilla Airport Fuenterrabía Airport ... 14 Heathrow Airport: New Terminal T2A
Contract in figures
Client: BAA Budget: £ 880 million 20 million passengers per year Construction duration: 36 months Start on site: June 2010 FA Share in JV: 55%
Design by Ferrovial Agroman Technical Office and Foster & Vidal
Surface 200.000 sqm Roof 45.000 sqm
15 Madrid Barajas Airport: New Terminal 4
Contract in figures
Client: AENA (Spanish Airport and Air Traffic Authority) Budget: € 541 M Completion: 2000-2004 JV % of FA: 22,5% Construction Architects: Richard Rogers and Antonio Lamela
Project:
228,000 m2 on the platform Curved roofing (seagull) 150,000 m2 Glazed façade: 40,000 m2
16 407 Highway East-Extension. Toronto, Canada
Client: CINTRA Budget: CAD$ 815 M Completion: 2012-2015 Design and Build (PPP Scheme)
Project:
Extension in 22 Km of H407 Highway Connection with 401 Highway (New junction 10 Km)
17 US460 Highway. Virginia. United States
Client: VDOT Budget: $ 1,396 M (€ 1,079 M) Completion: 2013-2017 Design and Build (PPP Scheme)
Project:
New Toll road 4 carriageways (2+2) Length: 88.5 Km. Parallel route to the current 460 9 junctions
18 METRO: Our Experience Worldwide Since 1927…
Ferrovial Agroman has built 160.20 km and 151 Stations of which 152.64 Km of tunnels and 138 underground stations
In Madrid: 84.56 Km and 88 stations In Bilbao: 7.50 Km and 11 stations In Barcelona: 43.28 Km and 20 stations In Valencia: 7.51 Km and 7 stations In Granada: 3.48 km and 7 stations In Lisbon: 5.66 Km and 5 stations In Santiago de Chile : 8.21 Km and 13 stations
19 Railways & High Speed Rail
We have built more than 4,600 Km of New Railway Tracks. Out of which 722 Km corresponds to High Speed Rail (24% of total Spanish High Speed Rail network)
High Speed Rail Corridors Km Madrid - South Andalucia Corridors (Sevilla and Malaga) 160 Madrid - Barcelona - French Border Corridor 237 Madrid-Northwest Corridors (Segovia, Valladolid, Galicia, Basque Country 128 and Asturias) Madrid - East Corridors (Valencia, Castellon and Murcia) 197 Total 722
20 Guadarrama Tunnels North Corridor High Speed Railway, Segovia. Spain
Contract in figures:
Client: GIF (Ministry of Transportation) Budget: € 219 M section 3 and € 255 M section 4 Completion: 2002-2006 JV percentage FA 33% Construction
Project:
Length: 2 tunnels of 13,377 and 15,000 m Excavation: TBM Double shield (9.55 m diameter) Section: 71.6 m2 Lining: Precast concrete segments
21 CROSSRAIL CONTRACT C300/C410 Western Running Tunnels and Station Caverns
Contract in figures: Contract Value: £ 500 million Construction period: 54 months Start: Jan-2011 FA Joint Venture Share: 33% with BAM and Kier Detail design and construction of running tunnels from Paddington to Farringdon and Station Caverns in TTCR and Bond Street Stations Excavation 710,000 sqm Diameter (Internal) 6,2 m Segmental lining 80,000 sqm TBMs 2 Nr Monitoring 260 Buildings, 1,6 HLC monitored points.
CROSSRAIL CONTRACT C435. Farringdon Station Contract in figures: Detail design and construction Farringdon station Contract Value: £ 200 million including caverns, excavation, structure and Construction period: 54 months architectural and services fit out. Start on Site: April 2012 Surface 30,000sqm FA Joint Venture Share: 33% Envelope 10,000sqm 22 M-30 Ring Road Bypass Tunnel North. Madrid, Spain
Contract in figures:
Client: Ayuntamiento de Madrid Budget: € 285 M Completion: 2004-2007 JV percentage FA 50% Construction
Project:
Length: 3,539 meters Excavation: TBM (15.16 m diameter/ 107 m, the longest in the world) Lining: Precast concrete segments
23 “Los Tilos” Bridge. La Palma, Spain
Contract in figures:
Client: Ministerio de Fomento Budget: € 6 M Completion :2001-2003 JV percentage FA 70% Design and Built
Project:
150 meters height 255 meter span 2005 International Agustín de Betancourt Award, “Los Tilos” Bridge as the best civil work.
24 Some of our Maritime Works
Extension of Bilbao Port Valencia Port, new harbor entrance to inner dock. Barcelona Port. Prat Quay. Phase 1A. Ibiza Port, Botafoc Dock. (Balearic Islands) Port in Ciutadella, Menorca (Balearic Islands) Marina Alcaidesa, Línea de la Concepción. Cádiz Carboneras Port. Almeria I&II Quay Valencia Port, Levante Dock Extension of Candás Port. Asturias New Containers Terminal. Barcelona Port. Prat Quay. Extension of Antofagasta Port. Chile New Ferry Terminal, Cataño. Puerto Rico Breakwater of Haina Port. Dominican Republic …. 25 Extension of Bilbao Port: Phases 1 & 2. Spain
Contract in figures:
Client: Puertos del Estado (Autoridad Portuaria de Bilbao) Budget: € 336 M Completion 1: 1991-2004 JV percentage FA 100% Construction
Project:
1,236 acres of new protected harbor area, 67 feet deep 9,545 feet long rip-rap breakwater dike 5,560 feet long concrete caisson quay Dredging of 2.62 million cubic yards
26 Telefónica Data Center. Alcalá de Henares, Madrid
Client: Telefónica Budget: 103 M € Completed in 2012
Project:
Design and Built 1st phase executed (of its five phases) Building measuring 24,700 m2, with seven IT rooms covering an area of 682 m2 each. Largest Centre in the world with Tier IV certification from the Uptime Institute, which guarantees the highest level of fault tolerance. Modular configuration, with a redundant energy supply and communications, also capable of guaranteeing the highest levels of flexibility, reliability, safety and efficiency (PUE: 1,3).
27 Combined Cycle Power Plant. Plana del Vent. Tarragona, Spain
Contract in figures:
Client: Gas Natural SDG, S.A. Budget: € 355 M Completion: 2005 - 2007 JV percentage FA 42,5%
Project:
EPC 800 Megawatts 750 T. metallic structure 32,000 m3 of concrete in structures
28 DAMS: Our experience worldwide since 1932…
147 dams of all typologies (Gravity dam, Arch gravity dam, Arch coupole dam, Burtress dam, Heightening gravity dam, Roller compacted concrete gravity dam, Earthfill homogeneous dam, Rockfill dam with impervious day core, Concrete faced rockfill dam and Asphaltic concrete faced rockfill dam)
Spain 131 Brazil 2 Dominican Republic 9 Chile 2 Ecuador 1 Tunisia 1 Senegal 1
29 Ferrovial Agroman, S.A. Ribera del Loira, 42 28042 Madrid (Spain) T. + 34 91 300 85 00 F. + 34 91 300 88 96 www.ferrovial.com