Ferrovial N.v. · BME:FER
Ferrovial — Investor Presentation (October 2026)
14 slides from Ferrovial's investor presentation, Oct 28, 2026
Slide 1: I-285E Express Lanes Investor Presentation
I-285E Express Lanes Investor Presentation October 28, 2026 I-85 interchange
Slide 2: Disclaimer
DISCLAIMER This presentation has been produced by Ferrovial N.V. (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 t
Slide 3: I-285E Express Lanes: A multi-phase development program
PROJECT OVERVIEW I-285E Express Lanes: A multi-phase development program The Comprehensive Development Agreement (CDA) provides a structured framework to develop the remaining phases with GDOT PHASE 1 COMMITTED PHASE 2 PARTIALLY COMMITTED PHASE 3 INDICATIVE Committed scope and economics Defined T&R
Slide 4: Atlanta: A high-growth Sunbelt metro with strong economic fundamentals
THE CORRIDOR Atlanta: A high-growth Sunbelt metro with strong economic fundamentals1 2 A large, growing economicbase with strong fundamentals supporting willingness to pay POPULATION 3 GDP GROWTH 4 HOUSEHOLD INCOME 5 6.5m 1.3% 3.5% $92k 13% 2025 population 10Y CAGR (2015-25) REAL GDP, 10-YEAR CAGR 2
Slide 5: I-285: A critical corridor serving the Atlanta metropolitan area
THE CORRIDOR I-285: A critical corridor serving the Atlanta metropolitan area Linking Metro Atlanta’s jobs, neighborhoods and freight flows on a single corridor A MULTI-PURPOSE CORRIDOR 200-240K5 LOCAL CONNECTIVITY <3% of trips are VEHICLES/DAY Short trips supported by multiple access end-to-end 1 p
Slide 6: All-day, bi-directional congestion: a deeper need than on SR 400
THE CORRIDOR All-day, bi-directional congestion: a deeper need than on SR 400 Drivers face congestion across more hours, both directions and heavier freight flows I-285E2 Extended congestion throughout the day and in both directions SR 4002 Peak-hour / peak-direction pattern I-285E TODAY 200–240k ve
Slide 7: Capacity to match Atlanta's growth on a constrained corridor
THE CORRIDOR Capacity to match Atlanta’s growth on a constrained corridor We believe congestion is suppressing latent demand that added capacity can serve Strong regional growth prospects anticipated over the Suppressed corridor demand next decade Traffic on I-285E has flattened while Atlanta highwa
Slide 8: Expanded connectivity designed to maximize corridor access
CONNECTIVITY Expanded connectivity designed to maximize corridor access More access points let 95% of corridor trips use the Express Lanes, up from 55% • EXPANDED CORRIDOR ACCESS 1.7x ✓ 48 additional/enhanced connections In-scope trips1 ✓ 95% of corridor trips served vs. 55% in the GDOT base design
Slide 9: Where congestion is highest, pricing keeps the lanes reliable
PRICING FRAMEWORK Where congestion is highest, pricing keeps the lanes reliable Tolls adjust to demand, so Express Lane users keep a predictable, free-flowing trip I-285 EAST PRICING FRAMEWORK Real-time Soft cap Predictable Up to 5x toll OTR Hard Cap ($2025) pricing to keep substantially OTR growth:
Slide 10: Experience-driven design maximizes scope and simplifies delivery
CONSTRUCTION & DESIGN Experience-driven design maximizes scope and simplifies delivery Fewer phases, advanced design and a strong local delivery platform enhance execution and cost certainty • More construction scope delivered earlier, +8.5 lane-miles incorporated into Phase 1 and Phase 2. • Fewer p
Slide 11: I-285 East: bid benchmarked against our managed lanes portfolio
BENCHMARK I-285 East: bid benchmarked against our managed lanes portfolio Portfolio operating data analysis and experience provide differentiated insights across key traffic and pricing drivers TRAFFIC CAPTURE RATES CONNECTIVITY USER ADOPTION DEMAND RELIEF By vehicle class and time Usage supported b
Slide 12: Next steps in the process
NEXT STEPS Next steps in the process Commercial Close expected in December 2026, followed by Financial Close expected in October 2027 1 2 3 4 SERVICE COMMERCIAL CLOSE FINANCIAL CLOSE GROUNDBREAKING1 COMMENCEMENT3 DECEMBER 20262 OCTOBER 20272 Q1 20282 20342 Contractual deadline INTEREST-RATE PROTECTI
Slide 13: Final Remarks
FINAL REMARKS FINAL REMARKS • Highly congested, multi-purpose corridor: Atlanta’s main freight bypass, with all-day, bi-directional congestion support significant suppressed demand. • Solid demographic and economic growth prospects expected to support continued long-term growth in Metro Atlanta. • B
Slide 14: Q&A
Q&A SR400 Interchange