Ferrovial N.v. · BME:FER

Ferrovial — FY2021 Earnings Presentation

26 slides from Ferrovial's earnings presentation, Feb 24, 2022

  1. Slide 1: FY 2021 Financial Results

    FY 2021 FINANCIAL RESULTS 24 February 2022 For a world on the move February 2022 1

  2. Slide 2: Disclaimer

    \ DISCLAIME : _= l 2021 financial information included in this presentation has been impacted by the COVID-19 outbreak, which affects the company’s performance since the second half of March 2020. Given the uncertainty regarding the speed and extent of the resumption in activity, it is not possible

  3. Slide 3: o February 2022

    • • o • • • • • • • • • February 2022 3

  4. Slide 4: €6.8bn €12.2bn €550mn

    €6.8bn €12.2bn €550mn -€1.1bn €1.6bn €2.2bn *Ex-infrastructures February 2022 4

  5. Slide 5: February 2022

    • • • • • • • • • • • • February 2022 5

  6. Slide 6: Strong growth from US managed lanes

    STRONG GROWTH FROM US MANAGED LANES • • • • • • • • • • • • 3C • 3B • 3A • • FORT WORTH February 2022 6

  7. Slide 7: Toronto – steady traffic recovery with Toronto mobility impacted throughout 2021

    TORONTO – STEADY TRAFFIC RECOVERY WITH TORONTO MOBILITY IMPACTED THROUGHOUT 2021 407ETR QUARTERLY PERFORMANCE VS. 2019 (VKT) EVOLUTION OF 407, MAIN ALTERNATIVES & URBAN TRANSIT*** (VS. 2019) 1st wave 2nd wave Delta -20% • ^ ^ 407ETR (VKT) Traffic on major Urban Transit • Alternative(s) • • • TORONTO

  8. Slide 8: Toronto – 407ETR user profile: limited exposure to WFH

    TORONTO – 407ETR USER PROFILE: LIMITED EXPOSURE TO WFH 407ETR CUSTOMER PROFILE (REV. CONTRIBUTION) • 39% of total revenue is generated by business customers* • 61% of revenues from Personal user o Frequent user: 7% of personal customers make more than 10 trips/month • Only 16% of total revenue expos

  9. Slide 9: Toronto – network congestion expected to grow

    TORONTO – NETWORK CONGESTION EXPECTED TO GROW ECOMMERCE: 407ETR IS CAPTURING GROWTH • • ▪ RESIDENTIAL CONSTRUCTION EXPLODING ACROSS ALL 407’S SERVING AREAS • ▪ ▪ 2021 vs 2019 2020 vs 2019 *Source: Canada Mortgage and Housing Corporation (CMHC) February 2022 9

  10. Slide 10: 407 ETR – average rev per trip +5% vs. 2020, despite tariffs unchanged in 2021

    407 ETR – AVERAGE REV PER TRIP +5% vs. 2020, DESPITE TARIFFS UNCHANGED IN 2021 2021 PERFORMANCE FINANCIAL POSITION • • • SCHEDULE 22 • • • ✓ • ✓ • TOLL RATES • DIVIDENDS • February 2022 10

  11. Slide 11: DFW traffic – NTE & NTE35W in line or above pre-pandemic level

    DFW TRAFFIC – NTE & NTE35W IN LINE OR ABOVE PRE-PANDEMIC LEVEL. LBJ KEEPS IMPROVING TRAFFIC EVOLUTION YTD* NTE: NTE 35W: 2021 vs 2021 vs 2019 2019 -0.8% +9.0% 2 2 3 3 4 4 1 1 LBJ: 2021 vs 2019 -23.8% 2 3 4 1 February 2022 11

  12. Slide 12: Managed lanes revenue – outperformance vs. pre-COVID levels in most assets

    MANAGED LANES REVENUE – OUTPERFORMANCE VS. PRE-COVID LEVELS IN MOST ASSETS TRAFFIC & REVENUE RECOVERY (INDEX 100 = FEB 2020*) NTE 35W: NTE: LBJ: I-77: Traffic Revenues February 2022 12

  13. Slide 13: DFW managed lanes – revenue/transaction growth

    DFW MANAGED LANES –REVENUE/TRANSACTION GROWTH 2021 PERFORMANCE POSITIVE IMPACT FROM INFLATION • • • • • • AVG REVENUE PER TRANSACTION REGION UPDATE • • • • • • • February 2022 13

  14. Slide 14: I-77 – ramp up continues with traffic above pre-pandemic levels

    I-77 – RAMP UP CONTINUES WITH TRAFFIC ABOVE PRE-PANDEMIC LEVELS 2021 PERFORMANCE TRAFFIC • • REVENUES REGION UPDATE • • • • • • • February 2022 14

  15. Slide 15: I-66: increasing exposure to Virginia managed lanes (5.7% additional stake)

    I-66: INCREASING EXPOSURE TO VIRGINIA MANAGED LANES (5.7% ADDITIONAL STAKE) ASSET DESCRITION: TRANSACTION DETAILS: • • • • • • • • • • • FAIRFAX COUNTY: REGION WITH HIGH CONGESTION LEVELS, GOOD ECONOMIC PROSPECTS & HIGH INCOME LEVELS • BRAMBELTON RESTON • ~ WASHINGTON • FAIRFAX COUNTY • ARLINGTON AL

  16. Slide 16: Heathrow – steady build in traffic

    HEATHROW – STEADY BUILD IN TRAFFIC TRAFFIC 2021 PERFORMANCE (vs. 2020) HAH PASSENGERS 81 22 • 19 • • • • • • • • INFLATION EXPOSURE REGULATION • • • • • • • • • OUTLOOK • . February 2022 16

  17. Slide 17: AGS – first signs of recovery

    AGS – FIRST SIGNS OF RECOVERY TRAFFIC 2021 PERFORMANCE (vs. 2020) • • • • LIQUIDITY IMPROVING EFFICIENCY & RESILIENCE • • • • • • • • • • • • • February 2022 17

  18. Slide 18: Dalaman Int'l Airport (Turkey) – diversifying airports' portfolio on growth opportunities

    DALAMAN INT’L AIRPORT (TURKEY) – DIVERSIFING AIRPORTS’ PORTFOLIO ON GROWTH OPPORTUNITIES OVERVIEW OF THE ASSET TURKISH RIVIERA - GROWING DESTINATION FOR INT’L LEISURE TRAVEL • c.5mn pax in 2019 (68% international) including 63 destinations • Dalaman Airport located in Muğla province in the Turkish R

  19. Slide 19: Construction – order book at all time high

    CONSTRUCTION – ORDER BOOK AT ALL TIME HIGH 2021 PERFORMANCE NON-CORE ASSET SALES • • • • • • • STRONG ACF GENERATION ON THE BACK OF DIVESTMENTS 518 • • • 212 BUDIMEX STRENGTH • • Net CF Investment OCF ORDER BOOK OUTLOOK • • • • • February 2022 19

  20. Slide 20: Services – significant advances in the divestment process in 2021

    SERVICES – SIGNIFICANT ADVANCES IN THE DIVESTMENT PROCESS IN 2021 SERVICES DIVESTMENT PROCESSES CLOSED REMAINING PROCESSES ADVANCING 2022 EXPECTED CLOSING ENVIRON. UK Chile SERVICES • EQ. VALUE: €1,032mn (€335mn of net capital gains) Mining SPAIN & • Closed in 4Q 2021 & sold to PreZero Int’l (Schwar

  21. Slide 21: Sustainability remains at the core of our strategy

    SUSTAINABILITY REMAINS AT THE CORE OF OUR STRATEGY HIGHLIGHTS 2021 TARGETS & 2021 PERFORMANCE • • • • 2050 • Carbon neutrality • • SUSTAINABILITY INDICES • • • February 2022 21

  22. Slide 22: Consolidated P&L

    CONSOLIDATED P&L 2021 HIGHLIGHTS • • • • • • • February 2022 22

  23. Slide 23: Net debt evolution (ex-infrastructure) including discontinued activities

    NET DEBT EVOLUTION (EX-INFRASTRUCTURE) INCLUDING DISCONTINUED ACTIVITIES 442 (385) (463) (121) (341) 550 1,621 (1,112) 2,182 1,991 NCP Dec'20 Dividends EBITDA* WC Taxes Investments Divestments Shareholder Other NCP Dec'21 from projects evolution Remuneration financing cash flows NCP from Services di

  24. Slide 24: Picture: I-66 Corridor

    • • ^ ✓ • ✓ ✓ February 2022 Picture: I-66 Corridor 24

  25. Slide 25: Q&A

    Q&A February 2022 25

  26. Slide 26: Investor Relations contact

    For a world on the move INVESTOR RELATIONS DEPARTAMENT Ferrovial Corporacién, S.A. Principe de Vergara, 135 28002 Madrid (Spain) Tel. +34 91586 2730 Fax +34 91586 28 69 e-mail: ir@ferrovial.com website: www.ferrovial.com Momber of Powered by the S&P Global CSA Sustainability Award S&P Global CLIMATE

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