Ferrovial N.v. · BME:FER
Ferrovial — Q3 2024 Earnings Presentation
16 slides from Ferrovial's earnings presentation, Oct 30, 2024
Slide 1: 9M 2024 Financial Results
9M 2024 FINANCIAL 407 ETR, Canada. RESULTS Oct. 29, 2024 9M 2024 1 Financial Results
Slide 2: 9M 2024 Overview
9M 2024 OVERVIEW Robust performance across all business divisions • Toll Roads: 407 ETR continues to benefit from increased mobility in Q3. US MLs posted solid revenue per transaction growth • Airports: Record-breaking number of passengers at Heathrow. AGS & Dalaman showed a positive evolution • Con
Slide 3: Toll Roads: Significant Growth of US Managed Lanes
TOLL ROADS SIGNIFICANT GROWTH OF US MANAGED LANES 2024 PERFORMANCE vs. 2023 (Q3 & YTD) 1 EUR mn Q3 2024 % Var. 9M 2024 % Var. % Ch LfL Revenue 321 11.4% 916 17.4% 21.9% 1 Adj. EBITDA 244 12.5% 673 16.5% 22.8% 1 Adj. EBITDA mg 76.0% 73.4% NORTH AMERICAN ASSETS’ PERFORMANCE +23.3% +22.1% US TOLL ROADS
Slide 4: 407 ETR: Growth in Traffic, Revenue and Dividends
407 ETR GROWTH IN TRAFFIC, REVENUE AND DIVIDENDS 2024 PERFORMANCE vs. 2023 (Q3 & YTD) CAD mn Q3 2024 Q3 2023 VAR. 9M 2024 9M 2023 VAR. Toll Revenue 462 395 17.1% 1,197 1,026 16.7% CAD mn Q3 2024 VAR. 9M 2024 VAR. Traffic (VKT mn) 765 3.0% 1,980 4.6% Revenue 487 16.1% 1,267 13.2% Total Revenue 487 41
Slide 5: DFW Managed Lanes: Solid Revenue per Transaction Growth
DFW MANAGED LANES SOLID REVENUE PER TRANSACTION GROWTH 2024 PERFORMANCE vs. 2023 (Q3 & YTD) NTE LBJ NTE35W (2) Q3 2024 VAR. 9M 2024 VAR. Q3 2024 VAR. 9M 2024 VAR. Q3 2024 VAR. 9M 2024 VAR. Revenue Adj. EBITDA1 Adj. EBITDA mg 1 NTE LBJ NTE 35W REVENUE PER TRANSACTION GROWTH NTE LBJ NTE35W DIVIDEND Pi
Slide 6: I-77 and I-66
I-77 I-66 STRONG REVENUE GROWTH TRAFFIC STABILIZATION 2024 PERFORMANCE vs. 2023 (Q3 & YTD) 2024 PERFORMANCE vs. 2023 (Q3 & YTD) USD mn Q3 2024 VAR. 9M 2024 VAR. USD mn Q3 2024 VAR. 9M 2024 VAR. Transactions (mn) 10 -3.2% 2.0% Transactions (mn) 8 3.8% 11.9% Revenue 26 8.5% 77 14.5% Revenue 63 28.1% 4
Slide 7: Heathrow: Record-Breaking Passenger Numbers
HEATHROW RECORD-BREAKING PASSENGER NUMBERS 2024 PERFORMANCE vs. 2023 (Q3 & YTD) GBP mn Q3 2024 VAR. 9M 2024 VAR. Passengers (mn) 23.2 4.2% 63.1 6.2% Revenue 958 -3.9% 2,650 -3.2% Adj. EBITDA 585 -7.3% 1,536 -9.7% Adj. EBITDA mg 61.1% 58.0% • Aeronautical revenue affected by lower charges set by CAA
Slide 8: Other Airports
OTHER AIRPORTS AGS – SOLID GROWTH DALAMAN – BUSIEST NINE MONTHS EVER RECORDED GBP mn Q3 2024 VAR. 9M 2024 VAR. EUR mn Q3 2024 VAR. 9M 2024 VAR. Passengers (mn) 3.4 9.6% 8.6 8.5% Passengers (mn) 2.8 5.4% 4.8 7.4% Revenue 64 7.1% 165 11.2% Revenue 42 7.4% 67 8.1% 1 Adj. EBITDA1 31 25.3% 65 24.8% Adj.
Slide 9: Construction: Strong Q3 with Profitability on Track
CONSTRUCTION STRONG Q3 WITH PROFITABILITY ON TRACK 2024 PERFORMANCE vs. 2023 (Q3 & YTD) EUR mn Q3 2024 Q3 2023 % VAR. 9M 2024 9M 2023 % VAR. % VAR. LfL1 Revenue 1,866 1,836 1.6% 5,237 4,994 4.9% 3.2% Adj. EBITDA1 140 69 103.9% 324 126 156.4% 148.2% Adj. EBITDA mg1 7.5% 3.7% 6.2% 2.5% Adj. EBIT1 95 3
Slide 10: P&L 9M 2024 and Q3 2024
P&L 9M 2024 & Q3 2024 Revenue ADJ. EBITDA (1) ADJ. EBIT (1) €6.6bn €1.0bn €0.7bn +6.2% vs. 9M 2023 +50.0% vs. 9M 2023 +79.2% vs. 9M 2023 % LfL % LfL % LfL Revenue ADJ. EBITDA (1) ADJ. EBIT (1) €2.4bn €0.4bn €0.3bn +4.2% vs. Q3 2023 +35.7% vs. Q3 2023 +45.5% vs. Q3 2023 Pic: NTE (1) Non-IFRS financia
Slide 11: 9M 2024 Change in Consolidated Net Debt
9M 2024 CHANGE IN CONSOLIDATED NET DEBT EX-INFRASTRUCTURE PROJECT COMPANIES CASH FLOWS -€1,896mn CASH FLOWS FROM (USED IN) CASH FLOWS FROM (USED IN) CASH FLOWS FROM OPERATING ACTIVITIES INVESTING ACTIVITIES (USED IN) FINANCING ACTIVITIES €135mn -€602mn -€1,429mn CASH CASH CHANGE IN DEBT AND OTHER NE
Slide 12: Closing Remarks
CLOSING REMARKS • Strong performance • on track to meet 2024’s target • Growth investments combined with shareholder distributions • Sizeable pipeline ahead Pic: I-77 12 12 9M 2024 Financial Results
Slide 13: Q&A
Q&A 13 13 9M 2024 Financial Results
Slide 14: Disclaimer (I)
DISCLAIMER (I) This presentation has been produced by Ferrovial SE (the “Company,” “we,” or “us” and, together with its subsidiaries, the “Group”) for the sole purpose expressed herein. By accessing this presentation, you acknowledge that you have read and understood the following statements. Neithe
Slide 15: Disclaimer (II)
DISCLAIMER (II) Alternative Performance Measures In addition to the financial information prepared under the International Financial Reporting Standards (“IFRS”), this presentation may include certain alternative performance measures (“APMs” or “non-IFRS measures”), as defined in the Guidelines on A
Slide 16: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT +34 91 586 25 65 +31 207 983 724 ir@ferrovial.com www.ferrovial.com Q1 2024 Financial Results