Ferrovial N.V. · BME:FER

Ferrovial — H1 2021 Earnings Presentation

24 slides from Ferrovial's earnings presentation, Jul 27, 2021

  1. Slide 1: 1H 2021 Financial Results

    1H 2021 FINANCIAL RESULTS For a world on the move 27 JULY 2021 July 2021 1

  2. Slide 2: Disclaimer

    1H2021 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 to predict how th

  3. Slide 3: July 2021

    • • • • • • • • • • • • • • • • • • July 2021 3

  4. Slide 4: Toll roads - strong traffic recovery when restrictions ease

    TOLL ROADS - STRONG TRAFFIC RECOVERY WHEN RESTRICTIONS EASE (EURmn) 1H 2021 PERFORMANCE NEW TOLL ROADS 1H2021 %CHLFL Total pending committed equity investment: EURS89mn Revenues 236 +30.8% NTE35W 3C * c.6.7miles (+66% addition to NTE35W). Concession ends 2061. Reported EBITDA 161 +46,0% (Texas, USA)

  5. Slide 5: Dallas Fort Worth - strong traffic growth in June after heavy rains in May

    DALLAS FORT WORTH – STRONG TRAFFIC GROWTH IN JUNE AFTER HEAVY RAINS IN MAY TRAFFIC EVOLUTION YTD NTE: NTE 35W: 3 2 3 2 1 1 LBJ: 3 2 1 July 2021 5

  6. Slide 6: Managed lanes - traffic & revenue above pre-COVID levels in most assets

    MANAGED LANES – TRAFFIC & REVENUE ABOVE PRE-COVID LEVELS IN MOST ASSETS TRAFFIC & REVENUE RECOVERY (INDEX 100 = FEB 2020*) NTE 35W: NTE: LBJ: I-77: July 2021 6

  7. Slide 7: Managed lanes - NTE35W: peak hours recovered and higher volumes at midday

    MANAGED LANES – NTE35W: PEAK HOURS RECOVERED AND HIGHER VOLUMES AT MIDDAY TRAFFIC PATTERNS VS. PRE-COVID (June 2021 vs pre-COVID) NTE 35W: NTE: LBJ: I-77: July 2021 7

  8. Slide 8: DFW managed lanes - revenue/transaction growth. €48mn dividend distribution

    DFW MANAGED LANES –REVENUE/TRANSACTION GROWTH. €48MN DIVIDEND DISTRIBUTION (NTE & LBJ) 1H 2021 PERFORMANCE AVG REVENUE PER TRANSACTION TRAFFIC PERFORMANCE • • • • • • • REGION UPDATE • • • • • DIVIDEND DISTRIBUTION • • • July 2021 8

  9. Slide 9: I-77 - traffic reached pre-COVID levels by the end of June

    I-77 – TRAFFIC REACHED PRE-COVID LEVELS BY THE END OF JUNE 1H 2021 PERFORMANCE TRAFFIC • • • REVENUES • • REGION UPDATE • • July 2021 9

  10. Slide 10: Toronto - stay-at-home order until June 2; phased reopening from then

    TORONTO – STAY-AT-HOME ORDER UNTIL JUNE 2; PHASED REOPENING FROM THEN 407ETR (MONTHLY TRAFFIC vs 2019) • • • • • • July 2021 10

  11. Slide 11: Toronto - traffic improvement as restrictions ease

    TORONTO – TRAFFIC IMPROVEMENT AS RESTRICTIONS EASE 407ETR TRAFFIC EVOLUTION YTD* 1 2 3 C C July 2021 11

  12. Slide 12: 407 ETR - higher average revenue per trip

    407 ETR – HIGHER AVERAGE REVENUE PER TRIP 1H 2021 PERFORMANCE FINANCIAL POSITION • • • • • SCHEDULE 22 • • • TOLL RATES • • • • DIVIDENDS • • July 2021 12

  13. Slide 13: Heathrow - management actions to provide additional headroom

    HEATHROW – MANAGEMENT ACTIONS TO PROVIDE ADDITIONAL HEADROOM 1H 2021 PERFORMANCE FINANCIAL POSITION: £4.8bn liquidity • • • • • • • • TRAFFIC • • IMPROVING EFFICIENCY & RESILIENCE: • • • • • • • • • July 2021 13

  14. Slide 14: Heathrow - looking ahead

    HEATHROW – LOOKING AHEAD OUTLOOK REGULATION • • • • • • • • • • • • • EXPANSION • • • July 2021 14

  15. Slide 15: AGS - traffic weakness though strong response

    AGS – TRAFFIC WEAKNESS THOUGH STRONG RESPONSE 1H 2021 PERFORMANCE LIQUIDITY • • • • • TRAFFIC IMPROVING EFFICIENCY & RESILIENCE • • • • • • • • • • July 2021 15

  16. Slide 16: Construction - strong divisional performance, especially at Budimex

    CONSTRUCTION – STRONG DIVISIONAL PERFORMANCE, ESPECIALLY AT BUDIMEX 1H 2021 PERFORMANCE ASSET SALES • • • • • • BUDIMEX STRENGTH OPERATING CASH FLOW • • • • • ORDER BOOK OUTLOOK • • • • • • July 2021 16

  17. Slide 17: Services (discontinued activity) - solid operating performance

    SERVICES (discontinued activity) – SOLID OPERATING PERFORMANCE 1H 2021 OUTPERFORMANCE 1H 2021 HIGHLIGHTS • • • • • STRONG CASH FLOW GENERATION • • • WASTE TREATMENT IN UK • • • 1H 2020 1H2021 July 2021 17

  18. Slide 18: Services divestment

    SERVICES DIVESTMENT ENVIRONMENTAL SERVICES IN SPAIN & PORTUGAL • • • • • • • ▪ ▪ REST OF PROCESSES ADVANCING • July 2021 18

  19. Slide 19: Consolidated P&L

    CONSOLIDATED P&L 1H 2021 HIGHLIGHTS • • • • • • • • • • • July 2021 19

  20. Slide 20: Net debt evolution (ex-infrastructure) including discontinued activities

    NET DEBT EVOLUTION (EX-INFRASTRUCTURE) INCLUDING DISCONTINUED ACTIVITIES * EBITDA excludes contribution from projects, but it includes EBITDA from discontinued activities. July 2021 20

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

    SUSTAINABILITY REMAINS AT THE CORE OF OUR STRATEGY HIGHLIGHTS 1H 2021 AWARDS • • • • • • • • SUSTAINABILITY INDICES • July 2021 21

  22. Slide 22: Final remarks

    FINAL REMARKS • • • • • July 2021 22

  23. Slide 23: July 2021

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  24. Slide 24: 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 C 7 Sustainability IND RATED iO} M S Cc | Wy CDP Indexes FTSE4Good DRIVING SUST

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