2018
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Integrated Annual Report

Letter from the Chairman

Rafael del Pino

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Management Report 2018

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Consolidated Financial Statements 2018

In two minutes

Ferrovial is one of the main global infrastructure groups, operating in Airports, toll roads, services and construction, generating synergies between the different divisions.

Revenues

5737

M€

Capitalization

13067

M€

Workforce at Year-End

92113

Employees

Operating Cash Flow *

572

M€

Ex-Infrastructure

* Before taxes

Strategy

Ferrovial has infrastructure assets that have allowed differential industrial knowledge in the management of urban congestion.

Ferrovial in 2018

2018 has been marked by the positive evolution of Ferrovial’s main assets and by its commitments to shareholders, employees, customers and society in general.

Risks

Effective risk management is key to achieving the strategic and operational objectives of ferrovial and to detecting new business opportunities and competitive edges.

Corporate Governance

Ferrovial’s corporate governance seeks to guarantee integrity, which is viewed as diligent, transparent and responsible conduct vis-à-vis shareholders, employees, customers and the different agents involved in the company’s activities.

Performance 2019

Ferrovial has forecast the performance of its businesses for 2019 and the main markets in which it operates. This will be attained by developing the strategy, opportunities and risks.

Appendix

Ferrovial: Infrastructures and cities

Ferrovial is one of the main global infrastructure groups, operating in airports, toll roads, services and construction, generating synergies between the different divisions. Its main assets are the stakes in Heathrow airport holdings (25%) and the 407 etr toll road in Toronto (43%). Ferrovial also has a portfolio of five dynamic toll roads (Managed Lanes) in the usa. Innovation allows the company to manage more efficient projects that facilitate urban mobility, reducing emissions and improving the environment. The construction and services divisions operate mainly in Spain, the United Kingdom, Poland, the USA and Australia.