Ferrovial N.v. · BME:FER
Ferrovial — Q1 2025 Earnings Presentation
14 slides from Ferrovial's earnings presentation, May 14, 2025
Slide 1: Q1 2025 Financial Results
Q1 2025 Picture: I-66. FINANCIAL RESULTS May 14th, 2025 Q1 2025 1 Financial Results
Slide 2: Disclaimer
DISCLAIMER 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. Neither thi
Slide 3: Q1 2025 Overview
Q1 2025 OVERVIEW Substantial growth in all business divisions • Highways: Strong revenue performance from North American assets • Airports: NTO (JFK) construction advancing • Construction: Steady profitability with adjusted EBIT margin reaching 3.3% Solid net debt ex-infra projects1 reaching -€1.9B
Slide 4: Highways: Significant growth in US managed lanes
HIGHWAYS SIGNIFICANT GROWTH IN US MANAGED LANES Q1 2025 PERFORMANCE vs. Q1 2024 1 EUR M Q1 2025 % Ch LfL Revenue 324 14.1% Adj. EBITDA1 235 14.6% 1 Adj. EBITDA mg 72.5% PERFORMANCE & CONTRIBUTION FROM US ASSETS +19.1% +14.6% US HIGHWAYS’ US HIGHWAYS’ ADJ. REVENUE vs. Q1 2024 EBITDA1 vs. Q1 2024 88%
Slide 5: 407 ETR: Outstanding performance with double-digit EBITDA growth
407 ETR OUSTANDING PERFORMANCE WITH DOUBLE-DIGIT EBITDA GROWTH Q1 2025 PERFORMANCE vs. Q1 2024 CAD M Q1 2025 VAR. CAD M Q1 2025 VAR. CAD25.9M Traffic (VKT M) 524 1.9% Schedule 22 provision Revenue 410 24.3% accrued in Q1 2025, EBITDA 321 15.0% Total Revenue 410 24.3% included in EBITDA1 EBITDA mg 78
Slide 6: DFW Managed Lanes: Continued growth in revenue and EBITDA
DFW MANAGED LANES CONTINUED GROWTH IN REVENUE AND EBITDA Q1 2025 PERFORMANCE vs. Q1 2024 Q1 2025 VAR. Q1 2025 VAR. Q1 2025 VAR. Revenue 1 Adj. EBITDA 1 Adj. EBITDA mg Traffic impacted by Capacity Improvement construction works NTE Adj. EBITDA in Q1 2025 includes $1M of revenue share (none in Q1 2024
Slide 7: I-66 and I-77
I-66 I-77 INCREASED MOBILITY IN PEAK HOURS ROBUST OPERATING PERFORMANCE Q1 2025 PERFORMANCE vs. Q1 2024 Q1 2025 PERFORMANCE vs. Q1 2024 USD M Q1 2025 VAR. USD M Q1 2025 VAR. Transactions (M) 3.7% Transactions (M) 10 0.4% Revenue 31.1% Revenue 28 21.9% 1 1 Adj. EBITDA 34.0% Adj. EBITDA 17 7.2% 1 1 Ad
Slide 8: New Terminal One at JFK and Dalaman
NEW TERMINAL ONE AT JFK DALAMAN CONSTRUCTION DEVELOPMENT ONGOING STEADY GROWTH FROM DOMESTIC TRAFFIC • NTO (New Terminal One) remains on budget & on schedule facing a EUR M Q1 2025 VAR. crucial year for construction Passengers (M) 0.3 0.6% Revenue 3 3.2% • In Q1 2025, physical progress saw a 6% adva
Slide 9: Construction: Steady profitability
CONSTRUCTION STEADY PROFITABILITY Q1 2025 PERFORMANCE vs. Q1 2024 EUR M Q1 2025 Q1 2024 % VAR. % VAR. LfL1 Revenue 1,584 1,476 7.3% 5.3% Adj. EBITDA 1 87 68 27.5% 24.8% Adj. EBITDA mg 1 5.5% 4.6% 1 Adj. EBIT 52 32 64.1% n.s. Adj. EBIT mg 1 3.3% 2.1% • Budimex: solid profitability (6.4% Adj. EBIT mg1
Slide 10: Q1 2025 Main Figures
Q1 2025 MAIN FIGURES Q1 2025 REVENUE & PROFITABILITY FIGURES (LfL VARIATION VS. Q1 2024) REVENUE ADJ. EBITDA1 ADJ. EBIT1 €2,059M €309M €199M +7.4% +19.1% +28.3% Pic: 407 ETR Q1 2025 (1) Non-IFRS financial measure. For the definition and reconciliation to the most directly comparable IFRS measure, re
Slide 11: Q1 2025 Change in Consolidated Net Debt
Q1 2025 CHANGE IN CONSOLIDATED NET DEBT 1 EX-INFRASTRUCTURE PROJECT COMPANIES CASH FLOWS EUR -369 M OPERATING (EUR -100 M) INVESTING (EUR +378 M) FINANCING (EUR -647 M) CASH CASH DEBT & Dividends Construction Other cash Tax payments Cash flows Interest Divestments Treasury shares Other cash Effect o
Slide 12: Closing Remarks
CLOSING REMARKS • • • • • • Pic: I-77 Q1 2025 (1) Subject to I-24 prequalification, which remains pending 12 12 Financial Results
Slide 13: Q&A
Q&A 13 13 Q1 2025 Financial Results
Slide 14: Investor Relations
INVESTOR RELATIONS +34 91 586 25 65 +31 207 983 724 ir@ferrovial.com www.ferrovial.com Q1 2025 Financial Results