Ferrovial S A : 1H 2022 – Investors’ Presentation

INVESTOR PRESENTATION

September 2022

DISCLAIMER

CONTENTS

1.	2.	3.
FERROVIAL		MAIN INFRA		1H 2022
OVERVIEW		ASSETS		RESULTS
		407 ETR
Main features		Managed Lanes		1H 2022 overview
Business Strategy		IRB		Business evolution
Financial Structure		Heathrow		Consolidated P&L & PNT
Sustainability Strategy		AGS		Final remarks
		Dalaman
		JFK - New Terminal One

4.	5.
NON-FINANCIAL		ADDITIONAL
INFORMATION		INFORMATION
Health & Safety
People		Cintra Investor Day
Environment		Historical Data
SM remuneration		Links
Community

1. FERROVIAL OVERVIEW	MAIN FEATURES	BUSINESS STRATEGY	FINANCIAL STRUCTURE	SUSTAINABILITY STRATEGY

BUSINESS MODEL

DEVELOPING & OPERATING INNOVATIVE, EFFICIENT AND SUSTAINABLE INFRASTRUCTURES WHILE CREATING VALUE FOR OUR STAKEHOLDERS

PRICING

FLEXIBILITY

CONTRACTING	LONG
CAPABILITIES TO
DURATION
SUPPORT INFRA
ASSETS
PROJECTS

SUSTAINABLE

INFRASTRUCTURE

INNOVATION,	SELECTED
DIGITALIZATION &	GEOGRAPHICAL
EFFICIENCY	EXPOSURE

TOLL ROADS

• Maintain & develop competitive advantages with traffic risk & availability projects and grow in greenfield projects of high concessional value.
• Focus on Managed Lanes.
• Main assets:
• • 407 ETR (Toronto, Canada)
  • Managed Lanes in USA: DFW in Texas (NTE, LBJ & NTE35W), I-77 in Charlotte & I-66 in Virginia (under construction)
  • IRB a leading Indian road developer (24.86%)

AIRPORTS

• Yellow-fieldprojects & operational capabilities
• Remain conservative and asset specific
• Main assets:
• • Heathrow (25% stake) - regulated asset
  • UK Regional Airports, AGS (50% stake)
  • Dalaman International Airport (60% stake)
  • JFK - New Terminal One (49% stake)

CONSTRUCTION

• Key to the development of greenfield projects
• Focus on markets with a commitment to infrastructure
• Ferrovial Construction, Webber (TX, US) & Budimex (Poland)

ENERGY INFRASTRUCTURE & MOBILITY

• Exploring new sustainable infra related opportunities
• Power infrastructure, Energy efficiency, Water & Mobility

September 2022

1. FERROVIAL OVERVIEW	MAIN FEATURES	BUSINESS STRATEGY	FINANCIAL STRUCTURE	SUSTAINABILITY STRATEGY

GEOGRAPHICAL EXPOSURE

80% VALUATION FROM NORTH AMERICA (Analysts' valuation, June 2022)

CANADA & US*	UK SPAIN POLAND INDIA OTHER
80%	8%	5% 3% 2%3%

PRESENT IN SELECTED GEOGRAPHIES

CANADA
407 ETR
407 East Ext. I & II	POLAND	UK
	Heathrow airport
		UK regional airports

	US	SPAIN	TURKEY
	M. Lanes: NTE, LBJ,
		Dalaman airport
	NTE35W, I-66,I-77
		INDIA
	JFK (New Terminal One)
			IRB
Main markets
Selective Investments	COLOMBIA
Toll Roads			AUSTRALIA
Construction	CHILE
Airports
Transmission lines

September 2022 * JFK not included in the analysts' valuation