Ferrovial N.V. · BME:FER
Ferrovial — Q1 2021 Earnings Presentation
21 slides from Ferrovial's earnings presentation, May 6, 2021
Slide 1: 1Q2021 Results
1Q2021 RESULTS 6 MAY 2021 For a world on the move Picture: NTE35W (Texas, US)
Slide 2: Disclaimer
DISCLAIMER This presentation is not a set of Interim Accounts as per IAS 34. 192021 financial information included in this report 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 ext
Slide 3: 1Q2021 highlights: toll roads, airports, contracting, financial situation
hae TOLL ROADS: TRAFFIC LINKED TO VACCINATION ADVANCES & MOBILITY RESTRICTIONS + Full business reopening in Texas in March given fast vaccination: NTE traffic in line & NTE 35W above 2019 levels (pre-COVID19) + 407 ETRstill impacted by severe restrictions. No Schedule 22 payment in 2020 a AIRPORTS +
Slide 4: NTE 3C located in Alliance logistic hub (Texas, US)
• • • • • • • • NTE 3C located in Alliance logistic hub (Texas, US)
Slide 5: Dallas Fort Worth — Texas reopening boosts traffic
DALLAS FORT WORTH — TEXAS REOPENING BOOSTS TRAFFIC MANAGED LANES (MONTHLY TRAFFIC vs. 2019) RECENT RESTRICTIONS March 11 . aed perease of confirmed WHO declared COVID-19 i ic cases in the area v Mid-J Mid-Aug/early-Si March 10 -OVID-1 aglobal pandemic Cas - in rons ed " l owen ews <P Texas full reop
Slide 6: Dallas Fort Worth — In March 2021: NTE in line, NTE35W above March 2019
DALLAS FORT WORTH — IN MARCH 2021: NTE IN LINE, NTE35W ABOVE MARCH 2019 TRAFFIC EVOLUTION YTD* NTE 35W: NTE: +18% vs. MAR 19 Winter storm impact 2021 ——2020 2019 Lene. 16-ene. B1-ene. 15-feb. 2-mer. 1-mar. Leabe. —2021 2020 2019 Lene. 16-ene. 31-ene. 15-feb. 2-mar. 1-mar. Leabr. LBJ: —2021 2020 ~—20
Slide 7: DFW lanes — fast recovery as restrictions lifted
DFW. LANES ~ FAST RECOVERY AS RESTRICTIONS LIFTED 19 2021: NTE % Ch. LBJ %Ch. NTE3SW %Ch. Transactions 6 -11.9% 7 -32.2% 7 45% Revenues 35 -19% 26 -25.8% 27 11.0% EBITDA 30 -17% 21 -27.4% 22 9.6% EBITDAmg 86.0% 80.1% 83.2% AVG REVENUE PER TRANSACTION: Growth% vs 192020 16% 11% 9% NTE BJ NTE3SW + Av.
Slide 8: Solid improvement since mid-February
|-77— SOLID IMPROVEMENT SINCE MID-FEBRUARY 1Q 2021: 192021 % Ch. Transactions 5 -31,3% Revenues 5 -9,6% EBITDA 2 -24,9% EBITDA mg 33,1% TRAFFIC: * Impacts from restrictions although performance has improved since the last week of March as the COVID-19 cases trend downward and consequently restrictio
Slide 9: Toronto — severe restrictions still in place though less impact than first lockdown
TORONTO ~ SEVERE RESTRICTIONS STILL IN PLACE THOUGH LESS IMPACT THAN FIRST LOCKDOWN 407ETR (MONTHLY TRAFFIC vs 2019) RECENT RESTRICTIONS * Jan 12th; 2"4 State of Emergency with March 11 Stay-at-home Order to reduce WHO declared COVID-19 Mid-August mobility & limit non-essential travel aglobal pandem
Slide 10: Traffic evolution: 7-day rolling average comparison
* Traffic evolution: 7-day Rolling average comparison
Slide 11: 407 ETR — no Schedule 22 payment in 2020
407 ETR-NO SCHEDULE 22 PAYMENT IN 2020 192021 % CH Traffic (VKT mn) 256 -47. 8% Revenues 169 -41.2% EBITDA Bl -45.2% EBITDA mg 77.3% * Revenues impacted by lower traffic resulting from the continued impact of the COVID-19 pandemic (stay-at-home order in effect for most of the 192021) * Traffic drop
Slide 12: Heathrow — resilient financial position despite challenges
HEATHROW — RESILIENT FINANCIAL POSITION DESPITE CHALLENGES TR (GBPmn) 192021 (HEATHROW SP): 192021 =%CH Revenue 5 72.2% Adj. EBITDA -20 -106.4% * Multiple lockdowns hit aeronautical and retail revenue * HAH continue seeking opportunities to optimize the revenue (cargo and digital initiatives) TRAFFI
Slide 13: Heathrow — looking ahead
Equity method HEATHROW — LOOKING AHEAD FER 25% + Uncertainty on passenger forecast given current restrictions + Reopener - 27 April: + 2021 traffic outlook has been revised to a range going from 36mn pax to 13mn = CAA accepted the need for it to act in order to meet its duties to consumers and to =
Slide 14: AGS — traffic weakness though strong response
AGS ~ TRAFFIC WEAKNESS THOUGH STRONG RESPONSE 192021: 192021 %CH Revenue 9 -75.1% EBITDA -ll ns. * Multiple lockdowns hit aeronautical and retail revenue TRAFFIC: 192021 % CH Traffic (000s) 229,9 — -B8,9% Glasgow 67,6 -94,9% Aberdeen 154,4 -69,9% Southampton 7,8 -96,6% * Traffic performance driven b
Slide 15: Construction — strong divisional performance; Budimex still improving
CONSTRUCTION — STRONG DIVISIONAL PERFORMANCE; BUDIMEX STILL IMPROVING (EUR) 192021 192020 %CHLFL BUDIMEX: Revenues 1,231 1,242 2.3% * BUDIMEX is the strongest performer EBITDA 4l 36 26.3% = 4.6% EBIT mg in 192021 (2.7% in 192020) EBITDA % 34%, 29% = Real Estate activity held for sale: contribution e
Slide 16: Services — solid operating performance
SERVICES — SOLID OPERATING PERFORMANCE (EUR) (discontinued activity) A 19 2020 © 192021 SPAIN 10 9 : * Profitability improvement in 192021: 18% * Spain: EBITDA +24%LEL, with both activities, Environmental & infra contributing + Amey: EBITDA +56%LfL (5% mg vs 3% in 192020) thanks to higher volumes in
Slide 17: Consolidated P&L
CONSOLIDATED P&L P&L(EUR mn) REVENUES EBITDA Period depreciation Disposals &impairments. EBIT FINANCIAL RESULTS Equity-accounted affiliates EBT Corporate income tax CONSOLIDATED PROFIT FROM CONTINUING OPERATIONS NET PROFIT FROM DISCONTINUED OPERATIONS CONSOLIDATED NET INCOME Minorities NET INCOME AT
Slide 18: Net debt evolution (ex-infrastructure)
NET DEBT EVOLUTION (EX-INFRASTRUCTURE) - INCLUDING DISCONTINUED ACTIVITIES (EURMn) 1 14 2 47 azn — (129) (8) NCPDec'20 Dividends ERITDA* we Taxes Investments Divestments Shareholder Other. = NCP Mar'21 from projects evolution Remuneration financing cash flows NCP from discontinued activities: * Serv
Slide 19: Final remarks
Final savers + US GDP rebound (especially in Texas) to drive traffic and revenues * Airports: pent-up demand for travel, awaiting a wider reopening Spain Services divestment advancing well 15 scrip dividend announced: €0.197 fixed guaranteed price & 120 rights per share ESG: appointment of 2 new ind
Slide 20: wri 02, =.
wri 02, =. POAAT SSE “lenal
Slide 21: Investor Relations Department
ferrovial INVESTOR RELATIONS DEPARTMENT - C/ Principe de Vergara, 135 - 28002 MADRID (Spain) T: +34 91 586 27 30 F: +34 91586 28 69 e-mail: [email protected] website: www.ferrovial.com Sustainability Award + EURONEXT Wepp Bronze Class 2021 oe - —_—_ VE INDICES. 020 EUROPEr20 S&P Global vioeo.e8 ETSE4