Ferrovial N.v. · BME:FER
Ferrovial — Corporate Update (August 2019)
11 slides from Ferrovial's corporate update, August 2019
Slide 1: NTE 3C, Texas
NTE 3C, Texas : en nr nn a
Slide 2: Cintra has reached financial close of Managed Lanes NTE Segment 3C
Ferrovial’s subsidiary Cintra has reached financial close of : MANAGED LANES NTE SEGMENT 3C An extension North of NTE 35W, in full operation since July 2018. Extensive, connected Managed Lanes network in Dallas-Fort Worth corridor. Follows 3 very successful Managed Lanes owned by Ferrovial in the ar
Slide 3: Project Description
Project Description Development, design, construction & operation of Segment 3C: * Construction of 2 managed lanes in each direction, approx. 6.7 miles from © north of US 81/287 to Eagle Pkwy eae o * Reconstruction of existing general purpose lanes, : * Construction of access ramps and frontage road
Slide 4: Details on financial close
Details on financial close SOURCES & USES Equity PABs Proceeds Public funds" Interest income Civil Works 3C Civil Works: IH-30/Downtown ramps TxDOT credit” Right of Way ITS Other Project Costs? Reserve accounts USDmn 155 750 70 22 602 55 88 14 15 196 27 1; Public funds: for Right of Way & IH-30/Down
Slide 5: Managed lanes network
Managed lanes network.. .. Improving traffic flow in busy Dallas-Fort Worth corridor exe TEXPRESS. Downtown Fort Worth DENTON 360] : TEXAS} TARRANT Ma crores Meroe, TEXPRESS. Downtown Dallas DALLAS MM I-35E TEXPRESS (NE I-30 TEXPRESS (EMME SH 114 TEXPRESS LBJ | NTE | NTE35W peed manage by HEM uss te
Slide 6: Strong economic conditions
Strong economic conditions North Texas economy strong & diverse, outperforms US at-large UNEMPLOYMENT POPULATION at 20 year lows +1.8% (%) DFW-Arlington largest 9,0 growth in US in 2018 y HOUSEHOLD INCOME 6,0 o +5.6% Nominal DFW median in 2017, 4,0 DFW median was higher than i Texas & US 2011-2017 2
Slide 7: NTE, LBJ & NTE 35W: outstanding since opening
{| — ie, One NTE, LBJ & NTE 35W: outstanding since opening NTE - EBITDA LBJ- EBITDA NTE 35W - EBITDA 13 % a) . %o 292015 = 292016 = 20207 = 29.2018) 29.2019 292016 292017 202018 202019 ean ee —— EBITDA margin Mam EBITDA = EBITDA margin mm EBITDA—EBITDA margin FT LANE |B : MUST |= TER RAMP — -
Slide 8: Appendix
Appendix ferrovial
Slide 9: What are Managed Lanes?
What are Managed Lanes? Tolled lanes within an existing highway adding congestion-free capacity that is managed through dynamic pricing Benefits: * — Provide a choice to users. * — Ensure a minimum level of service (>5Omph) via dynamic pricing. ° Optimize revenue by modifying toll rates in real time
Slide 10: What is dynamic pricing?
What is dynamic pricing? yA ~ A Toll Rate / \ ~ 0.90/mi =———_— Demand threshold 3,300 PCE/hr (2 lane) ___—— 5,100 PCE/hr (3 lane) Speed Threshold 50 mph ~ demand 12:00 1:00 2:00 3:00 4:00 5:00 6:00 7:00 8:00 9:00 10:00 11:00 12:00 Hour starting Analysis by segment and direction —" FREEDOM UNDER CAP
Slide 11: Managed Lanes are widely used
Managed Lanes are widely used 1.3mn Trips/day on highway The combination of general purpose lanes & managed lanes accommodates over 1.3mn trips every day on all three projects* % 95% Pay under $50/month Only 5% of Managed lanes users have a monthly bill of over $50 14mn Managed Lane users/month Over