Appendix

Appendix I – segmented information

TOLL ROADS – GLOBAL CONSOLIDATION

(EUR million) TRAFFIC (ADT) REVENUES EBITDA EBITDA MARGIN NET DEBT 100%
Global consolidation DEC-20 DEC-19 VAR. DEC-20 DEC-19 VAR. DEC-20 DEC-19 VAR. DEC-20 DEC-19 DEC-20 SHARE
NTE* 25 34 -26.1 % 109 137 -20.4% 93 116 -20.1% 84.9% 84.6% -1,007 63.0%
LBJ* 30 48 -37.6 % 91 137 -33.5% 63 114 -44.9% 69.1% 83.3% -1,358 54.6%
NTE 35W*/** 28 33 -14.3 % 85 81 5.4% 71 49 46.3% 83.4% 60.1% -748 53.7%
I-77 */**** 20 0 0.0 % 16 21 -26.6% 4 14 -72.6% 24.9% 66.6% -222 50.1%
TOTAL USA 301 376 -19.9% 230 293 -21.2% -3,335
Ausol I**** 10,089 18,232 -44.7 % 66 55 84.1% 15.0%
Ausol II**** 12,184 19,199 -36.5 % 15.0%
Autema 12,671 18,895 -32.9 % 51 113 -54.7% 43 105 -58.4% 85.1% 92.7% -613 76.3%
TOTAL SPAIN 51 179 -71.4% 43 160 -72.8% -613
Azores 8,815 10,735 -17.9 % 24 29 -17.4% 21 26 -20.9% 84.6% 88.3% -275 89.2%
Via Livre 13 15 -14.6% 2 2 5.5% 17.6% 14.3% 8 84.0%
TOTAL PORTUGAL 37 44 -16.5% 23 28 -18.9% -267
TOTAL HEADQUARTERS 16 19 -16.0% -45 -45 -0.6%
TOTAL TOLL ROADS 405 617 -34.5% 251 436 -42.3% 62.1% 70.6% -4,216

* Traffic in millions of transactions. ** NTE 35W includes contribution from NTE3C (under construction). Capital invested & committed: Segment 3C/Net debt 100%: includes all 3 segments.*** On December 3, 2019, formal completion of stake sale from 80% to 15%. Traffic data up to December. P&L and debt in 2019 up to November. In 2020, the toll road is not consolidated due to the put and call agreement mentioned before. *****Full opening on November 2019. Ferrovial agreed the acquisition of an additional 15%, increasing its stake to 65.1% (November 2020).

TOLL ROADS – EQUITY-ACCOUNTED

(EUR million) TRAFFIC (ADT) REVENUES EBITDA EBITDA MARGIN NET DEBT 100%
Equity accounted DEC-20 DEC-19 VAR. DEC-20 DEC-19 VAR. DEC-20 DEC-19 VAR. DEC-20 DEC-19 DEC-20

SHARE
407 ETR (VKT mn) 1,500 2,742 -45.3% 591 1,017 -41.9% 481 885 -45.6% 81.4% 87.0% -5,332 43.2%
M4 25,214 35,442 -28.9% 22 31 -28.2% 13 17 -22.1% 59.5% 54.8% -68 20.0%
M3 31,927 42,080 -24.1% 20 22 -11.4% 12 15 -14.8% 62.6% 65.0% -85 20.0%
A-66 Benavente Zamora 25 24 1.3% 22 22 -1.2% 88.3% 90.5% -155 25.0%
Serrano Park 4 6 -32.6% -1 3 n.s. -22.8% 40.3% -34 50.0%
Ausol I* 10,089 18,232 -44.7% 40 70 -43.4% 30 59 -48.9% 75.5% 83.6% -432 15.0%
Ausol II* 12,184 19,199 -36.5% 15.0%
Algarve 10,893 16,325 -33.3% 33 37 -12.4% 28 33 -14.4% 86.1% 88.0% -91 48.0%
Norte Litoral 21,741 26,998 -19.5% 38 42 -9.0% 33 36 -10.1% 86.2% 87.2% -106 49.0%
Toowomba 25 27 -7.4% 5 8 -34.6% 21.6% 30.6% -234 40.0%

* 65% stake sale to Meridian in December, 2019, the stake decreased from 80% to 15% and a put and call agreement was signed. Cintra holds 15% stake, but the results are not integrated.

MAIN TOLL ROADS (P&L)

407 ETR

(CAD million) DEC-20 DEC-19 VAR.
Revenues 909 1,505 -39.6%
EBITDA 740 1,309 -43.5%
EBITDA margin 81.4% 87.0%
EBIT 642 1,204 -46.6%
EBIT margin 70.7% 80.0%
Financial results -441 -420 -4.9%
EBT 201 783 -74.3%
Corporate income tax -53 -207 74.3%
Net Income 148 576 -74.3%
Contribution to Ferrovial equity accounted result* 33 153 -78.5%

* EURmn

LBJ

(USD million) DEC-20 DEC-19 VAR.
Revenues 104 153 -31.8 %
EBITDA 72 127 -43.5%
EBITDA margin 69.1% 83.3%
EBIT 48 99 -51.1%
EBIT margin 46.2% 64.5%
Financial results -98 -87 -13.1%
Net Income -50 11 n.s.
Contribution to Ferrovial* -24 5 n.s

* Contribution to Net profit, 56% stake EURmn

NTE

(USD million) DEC-20 DEC-19 VAR.
Revenues 125 153 -18.4%
EBITDA 106 129 -18.1%
EBITDA margin 84.9% 84.6%
EBIT 87 101 -14.0%
EBIT margin 69.7% 66.2%
Financial results -51 -74 -31.6%
Net Income 36 26 39,3%
Contribution to Ferrovial* 20 15 35.9%

* Contribution to Net profit. 62.97% stake EURmn

NTE 35W

(USD million) DEC-20 DEC-19 VAR.
Revenues 98 90 8.1%
EBITDA 82 54 49.9%
EBITDA margin 83.4% 60.1%
EBIT 62 35 77.5%
EBIT margin 63.3% 38.6%
Financial results -41 -39 -5.4%
Net Income 21 -5 n.s.
Contribution to Ferrovial* 10 -2 n.s.

* Contribution to Net profit. 53.67% stake EURmn

AIRPORTS (P&L)

Heathrow SP & HAH

Revenues

EBITDA

EBITDA margin
(GBP million) DEC-20 DEC-19 VAR. DEC-20 DEC-19 VAR. DEC-20 DEC-19 Var. (bps)
Heathrow SP 1,175 3,070 -61.7 % 270 1,921 -85.9 % 23.0 % 62.6 % -3,956
Exceptionals & adjs 0 0 262.5 % -182 2 n,a -100.2 % n,a, n,a
Total HAH 1,175 3,070 -61.7 % 89 1,922 -95.4 % 7.5 % 62.6 % -5,510

HAH

(GBP million) DEC-20 DEC-19 VAR. LfL.
Revenues 1,175 3,070 -61.7 % -72.7 %
EBITDA 89 1,922 -95.4 % -85.8 %
EBITDA margin 7.5 % 62.6 %
Depreciation & impairments -848 -805 5,3 % -5,3 %
EBIT -759 1,117 -168.0  % n.a.
EBIT margin -64.6 % 36.4 %
Financial results -855 -621 -37,7%. 13.1 %
EBT -1,614 497 n.s. n.s.
Corporate income tax 206 -126 n.s. n.s.
Net income -1,408 370 n.s. n.s.
Contribution to Ferrovial equity accounted result (EUR mn) -396 106 n.s. n.s.

AGS

(GBP million) DEC-20 DEC-19 VAR.
Total Revenues AGS 71 217 -67.4%
Glasgow 34 133 -74.3%
Aberdeen 28 57 -50.3 %
Southampton 9 28 -69.3 %
Total EBITDA AGS -25 94 -126.1 %
Glasgow -16 65 -124.6 %
Aberdeen 0 22 -100.5 %
Southampton -9 8 -209.1 %
Total EBITDA margin -34.9 % 43.5 % -7,843
Glasgow -46.7 % 48.8 % -9,552
Aberdeen -0.4 % 38.4 % -3,880
Southampton -101.4 % 28.6 % -13,000

CONSTRUCTION

CONSTRUCTION DEC-20 DEC-19 VAR. LfL.
Revenues 5,862 5,413 8.3  % 11.4%
EBITDA 227 -286 179.4 % 181.2%
EBITDA margin 3.9 % -5.3 %
EBIT 134 -365 136.8% 137.7%
EBIT margin 2.3  % -6.7 %
Order book 10,129 11,424 -11.3% -5.6%
BUDIMEX DEC-20 DEC-19 VAR. LfL.
Revenues 1,877 1,819 3.2  % 7.3%
Construction 1,689 1,666 1.4 % 5.4 %
Real Estate 151 135 11.5 % 15.9 %
FB Serwis 136 116 17.8 % 22.5 %
Others -99 -97
EBITDA 173 102 69.1 % 76.4 %
EBITDA margin 9.2 % 5.6 %
EBIT 143 73 94.4 % 103.0 %
Construction 87 43 105.1 % 113.3 %
Real Estate 43 27 57.4 % 63.7 %
FB Serwis 17 10 63.1 % 69.6 %
Others -4 -7
EBIT margin 7.6  % 4.0 %
Order book 3,083 2,830 8.9 % 16.9 %
WEBBER DEC-20 DEC-19 VAR. LfL
Revenues 1,038 824 26.0% 29.2%
EBITDA 49 38 31.6% 35.4%
EBITDA margin 4.8% 4.6%
EBIT 22 15 47.0% 52.1%
EBIT margin 2.1% 1.8%
Order book 1,486 1,838 -19.1% -12.0%
F. CONSTRUCTION DEC-20 DEC-19 VAR. LfL.
Revenues 2,947 2,769 6.4% 8.8%
EBITDA 4 -426 101.0% n.s.
EBITDA margin 0.1% -15.4%
EBIT -30 -453 93.3% n.s.
EBIT margin -1.0% -16.4%
Order book 5,561 6,756 -17.7% -13.2%

EBIT before impairments and disposals of fixed assets

SERVICES**

SERVICES DEC-20 DEC-19 VAR. LfL.
Revenues 5,081 5,323 -4.5% -3.3%
EBITDA 186 305 -39.1% -33.0%
EBITDA margin 3.7% 5.7%
Order book 13,027 13,592 -4.2% -0.3%
SPAIN DEC-20 DEC-19 VAR. LfL
Revenues 1,968 2,020 -2.6% -2.6%
EBITDA 206 237 -13.1% -11.8%
EBITDA margin 10.5% 11.8%
Order book 3,748 4,266 -12.1% -12.1%
UK DEC-20 DEC-19 VAR. LfL
Revenues 2,644 2,749 -3.8% -2.3%
EBITDA -47 28% -268.9% -178.6%
EBITDA margin -1.8% 1.0%
Order book 7,993 8,036 -0.5% 5.2%
INTERNATIONAL DEC-20 DEC-19 VAR. LfL
Revenues 470 554 -15.1% -11.1%
EBITDA 26 40 -34.4% -26.7%
EBITDA margin 5.6 % 7.3%
Order book 1,286 1,291 -0.4% 6.7%