7. Agenda
• MATTERS FOR APPROVAL
1. Approval of the 2012 financial statements
2. Application of results and distribution of dividends
3. Approval of the Board of Directors' management
4. Re-appointment of auditors
5. Re-appointment of Directors
6. Remuneration system: Share delivery plan for members of the Board
with executive functions, and Senior Management
7. Authorization to the Board of Directors to acquire own shares
8. Delegation of powers
8. Agenda
• MATTERS FOR ADVISORY VOTE
9. Annual report on Directors’ remuneration
• MATTERS OF INFORMATION
10. Information on changes to the Board of Directors Regulation
11. Information on the use, by the Board of Directors, of the powers
delegated by resolution 6 of the Shareholders' Meeting held on 22
October 2009 (empowerment to the Board to issue debentures, bonds
and other financial instruments of the debt)
14. The year at Ferrovial
• Sound financial position
• Strong cash flow
• Good operating results
• Backlog in Services and Construction
• Successful asset rotation
• Diversification of funding sources
• Superb share performance
• Excellent remuneration for shareholders
15. Improved financial
position
• Positive net cash position at parent company
(excluding project debt): 1,489 M€
• Lower consolidated net debt (including project
debt): 5,106 M€
24. Awards and recognitions
Engineering and Salmón "Social Infrastructure" "Maji ni Uhai" "Empresa más “Top Employers Leader in terms of
Construction sector Prize from programme, in the project by Business Igual" from the 2012/2013" infrastructure
Expansión Strategic Corporate in the Community's Madrid Regional Certification investment volume
Philanthropy category. Awards for Government
Excellence
"2011 Construction Arte Sacro Business Park Valmayor drinking water Ecofira Innovation Award Leader in Human Heathrow's Terminal 5.
Company of the Year" in and the Reading room at plant, honourable mention for for the "Biofuel Project" Resources Best Practices World Airport Awards:
the General Contractor the Pablo Olavide the Best Public Works Best Airport Terminal in
category University. Spanish Project of 2012 by the the World
Architecture Yearbook School of Civil Engineering of
Madrid
26. Juan Arena de la Mora
Chairman of the Audit and Control Committee
27. Audit and Control
Committee
• Composition
• Functions
• Activities:
• Financial information
• Liaising with the external auditor
• Internal Control Procedures
• Internal Audit
• Risk analysis and risk control systems
• Actions relating to Corporate Governance and compliance
31. Balance sheet
• Good operating performance by the businesses
• Backlog: major new contracts
• Strong cash flow
• Successful asset rotation
• Improved financial position
• Ready access to the capital markets
32. 2012 Results
2012 M€ Chg. 12-11 2012 M€ Chg. 12-11
Revenue 7,686 3% Services backlog 12,784 3%
EBITDA 927 13% Construction backlog 8,699 -13%
Net cash position
EBIT 708 13% 1,489
(excluding projects)
Net profit 710 Consolidated net debt -5,106
33. Contribution, by business area
Including equity holdings
2012 Revenues 2012 Revenues
7,686 M€ 8,427 M€
13%
39% 35%
56%
44%
8%
5%
Services Toll roads Construction Airports
34. Contribution, by business area
Including equity holdings
2012 EBITDA 2012 EBITDA
927 M€ 1,671 M€
19%
34%
33%
37%
29%
19%
29%
Services Toll roads Construction Airports
35. Geographic distribution
Including equity holdings
2012 Revenues 2012 Revenues
7,686 M€ 8,427 M€
4% 3%
10%
19%
34%
38% 17%
62% 66%
INTERNATIONAL INTERNATIONAL
14%
25% 36%
Spain United Kingdom USA and Canada Poland Rest of the world
36. Geographic distribution
Including equity holdings
2012 EBITDA 2012 EBITDA
927 M€ 1,671 M€
7% 1% 2%
21%
12% 34%
36% 66%
INTERNATIONAL INTERNATIONAL
16%
64%
43%
Spain United USA and Canada Poland Rest of the world
Kingdom
39. January February March April
Bond issue Topping out Bond issue Sale announcement
HAH Heathrow HAH Edinburgh
700 M€ Terminal T2A 400 M£ 807 M£
Bond issue Bond issue
HAH 407 ETR
600 M£ / 400 M CHF 400 M CAD
May June Julio August
Contract awarded Advisory Bond issue Financial completion
407 East E. F. Qatar HAH Sheffield
1,100 M CAD 400 M CAD 2,000 M£
Bond issue Sale of 10.62%
HAH HAH
500 M$ 478 M£
September October November December
Insolvency proceedings Contract awarded Dividend CEO
R4 US 460 Ferrovial Jorge Gil
1,079 M€ 1€ gross per share Ferrovial Aeropuertos
Bond issue Inauguration Concession signed
407 ETR SH-130 A-66
200 M CAD 192 M€
Sale of 5.72%
HAH
257 M£
42. Cash and Backlog
• Cash flow: 491 M€
• Record-high backlog: 12,784 M€
• Focus on operating efficiency
• Promotion of cities and energy efficiency: Sheffield
• International development:
• Contracts in Qatar and Poland
• Acquisitions in the UK and Chile
49. Dividends and
adjudications
• Dividends: 220M€ (38.4% over 2011)
• Adjudications:407 Extension and A-66
• 407 ETR: Increase in revenues (8.7%) and dividends
(30.7%)
• Recovery in traffic in the US and weakness in Europe
• Insolvency of R-4 and AP-36
• Opened offices in Australia and Colombia
51. Geographic distribution
Including equity holdings
Revenue: 636 M€
5% 3%
20%
16%
80%
INTERNATIONAL
17%
39%
Spain USA Canada Portugal Ireland Rest of the world
59. Dividends and operational
improvement
• Higher level of satisfaction among Heathrow passengers
• Operational improvements at Heathrow airport
• All-time record at Heathrow (70M passengers)
• Divestments: 16.34% of HAH. Edinburgh and Stansted
• First dividend: 145M€
• Bond issues: Over 3,000 M£
• Investment in improvements: 1,200 M£
62. Overview
Good
EBITDA up
Business operating
13%
performance
Solid financial Positive net cash
Liquidity structure position 1,489 M€
Construction 21,483 M€
Backlog and Services 62% outside Spain
OECD countries
Projects in the four
Development businesses
and focus on
emerging markets
81. Items for information
11. Information on the use, by the Board of Directors, of the powers
delegated by resolution 6 of the Shareholders' Meeting held on 22
October 2009 (empowerment to the Board to issue debentures, bonds
and other financial instruments of the debt)
