IR Department e: ir@ferrovial.com - +34 915862730 1

Projects awarded I-77 (Preferred bidder)

$655mn North Carolina (US)

Awarded through consortia led by Cintra.

A I R P O R T S CONSTRUCTION S E R V I C E S TOLL ROADS

Dividends received

ETR 407

56mn Heathrow

20mn

Backlog

ETR 407*

+11% CAD150mn

Services

+6% €69mn

Heathrow*

+30% £317mn

Construction

+5% €57mn

EBITDA

Revenues

+21% €1,945mn

EBITDA

+4% €184mn

Corporate net cash1

1,565mn

Operational growth with record backlog in Services. ETR407 toll road and Heathrow

airport delivering significant growth in EBITDA terms. I-77 toll road project newly

awarded in Texas. Signs of traffic stabilization in Spain.

Services division comes to the front with the integration of Enterprise (UK). Revenues

grew both in the UK and Spain.

Construction EBITDA boosted by Webber and Budimex performance. The backlog does not include yet recent projects awarded, for

approximately €0.7bn.

Solid results including Enterprise, acquired in April 2013. L-f-l revenues growth reaches

4%.

Net cash position (corporate level), €1,6bn.

Ferrovial signed a new liquidity facility of €750mn. The undrawn facility improves the

flexibility of the company to take on new projects.

Liquidity1

3,620mn

Traffic

ETR 407

+3.2% 518mn vkt’000

Heathrow*

+0.5% 16.0mn pax

All variation excluding forex impact. 1 Excluding infrastructure projects. * Consolidated by equity method.

Services

+2% €18,105mn

Construction

(5)% €7,489mn

Projects out to tender 407 east ext. II SH-183 Portsmouth Bypass Ontario (CAD) Texas (US) Ohio (US)

SH-288 Illiana Corridor Illiana Corridor

Texas (US) Illinois (US) Indiana (US)

Liquidity facility 2014-2019

€750mn Cost 90 bps.

Undrawn facility providing flexibility

2

Enterprise acquisition is progressing as expected, with the necessary actions to achieve synergies in procurement and supply areas, plus cross-selling between activities.

Revenues

+45.7% 1,033mn

Spain.- Growth in revenues

supported by new contracts. Lower margins in EBITDA due to costs related with start up contracts & integration. Profitability expected to increase through the year.

EBITDA

+6.1% 69mn/6.7%

UK.- Figures reflect the Enterprise

acquisition (April ‘13). The drop in profitability is due to lower margins in Enterprise, expected to increase trough the year.

Backlog

+1.5% 18,105mn

International.- This division

includes Chile (10mn), Portugal (5mn) and Poland (2mn).

P&L affected by a provision reversal in 2013 (€7mn). Excluding this impact, performance would be positive. Slight improvement in European traffic, although affected by the Easter timing (April ´14 vs March´13).

Revenues

(5.3)% 91mn

EBITDA

(2.1)% 55mn/60.3%

Positive performance due to the tariff increase and higher passengers traffic volume.

EBITDA 2014 will be affected by the increase in operating costs related to the opening of Terminal 2 (June´14).

Revenues

+10.4% £614mn

EBITDA

+28.0% £319mn/51.9%

Chicago Skyway

Stake 55%

(5.2)%

32,514

1.1mn

Indiana*

Stake 50%

(3.1)% 21,917

+2.4%

34mn

2.8mn

Ausol **

Stake 80%

(0.4)%

11,867

(5.8)%

7mn

0.4mn

M4 Stake 66%

+4.2% 24,177

+4.4%

5mn

0.1mn

407ETR*

Stake 43%

+3.2%

518mn VKT

+11.2% 122mn

3.8mn

Traffic Revenues EBITDA Net debt

Ferrovial controls 25% of HAH

Consolidated by equity method

Debt

6.8bn

Others

Heathrow

+0.5%

16mn

+10.5%

576mn

Traffic Revenues EBITDA

+30.3%

317mn/55.0%

+6.2%

2.5mn

+6.2%

39mn

+16.4%

9mn/24.2%

(2.7)%

12mn

0.9%

24mn/70.1%

(3.7)%

5mn/73.5%

+6.0%

4mn/69.7%

+11.0%

99mn/81.1%

(4.2)%

10mn/83.5%

INVESTOR RELATIONS DEPARTMENT C/ Príncipe de Vergara, 135 - 28002 MADRID (Spain) Tlf: +34 91 586 27 30 Fax: +34 91 586 28 69

e-mail: ir@ferrovial.es website: www.ferrovial.com

Debt

£12.8bn RAB £14.9bn

* Consolidated by equity method ** Ausol II traffic

EBITDA growth thanks to better margins at Budimex and Webber. Backlog does not include recently awarded projects (I-77 North Carolina, power plant in Poland and a highway in Australia).

Poland

Budimex.- High level of

contracting activity, based on new polish government road plan 2014-2020.

Revenues

0.7% 795mn

US

Webber.-Performance affected

by weather conditions, besides the lower activity in NTE and LBJ, which are almost completed.

EBITDA

+4.7% 57mn/7.1%

Backlog

(4.7)% 7,489mn

RoW

F. Agroman.- Important

number of new works contracted after the end of the quarter, around €0.9bn. Those new contracts provide visibility on future growth.

+81.8%

640mn

+49.7% 17mn

(13.8)%

0.4mn/2.1%

+8.8%

375mn

(17.9)% 39mn/10.3%

Revenues EBITDA Backlog

+58.8%

30mn/4.7%

(1.4)%

228mn

(1.1)%

6,264mn

+3.0%

11,613mn

Revenues EBITDA Backlog

(8.9)% 138mn

+25.1%

8mn/6.1%

(10.0)%

986mn

+3.2%

485mn

(0.6)% 41mn/8.5%

(5.4)%

5,413mn

+2.4%

172mn

+18.3%

7mn/4.0%

+4.6%

1,090mn

New regulatory period (Q6) started on 1st April 2014 until 31th December 2018. Maximum allowable yield per passenger will be RPI minus 1.5%.

2014 tariff increase has been deferred from April to July.

Fixed

Assets

17.3bn

Current Assets

5.6bn

22.9bn Total

Equity

6.0bn

Non current Liabilities & others

12.0bn

Current Liabilities

4.9bn

Gross cash 2.7bn

total

1.6bn

Gross debt 1.1bn

Corporate (1.6)bn

Projects 7.1bn

corporate

53mn 2014

38mn 2015

20mn 2016

11mn 2017

Total cash

2.7bn

Total liquidity 3.6bn

Undrawn lines

0.9bn

1.0bn

2018+

Strong balance sheet and high liquidity position to face future opportunities.

At the end of March´14, Ferrovial’s net cash position, excluding infrastructure projects, amounted to EUR1,565mn.

Standard & Poor’s

BBB / stable

Fitch

BBB- / stable

IR Department e: ir@ferrovial.com - +34 915862730 3

86%

Bonds

4

Women in the company

28,2% Women in management positions

14%

Spain

55% America

7%

UK

28% Poland

6%

RoW

4%

Employees worldwide

66,088 2013

52mn Investment In infrastructure & technologies to reduce

environment impact

2010 - 2013

Lower energy consumption

2010 2011 2012 2013

311

270

6,900

6,200

2009 - 2013

-31.9% Reduction of carbon footprint

Power supply (,000 Mvh)

-11.6% Fuels (,000 Gj)

-8.7%

Risk management and environment responsibility

Management of new business oportunities

Priorities The combination of talent and commitment made by

Ferrovial’s professionals is one of the pillars of its success

and future sustainability. Professional development, transversal management of talent and the increasing

internationalisation are among the company’s strategic

priorities, in an environment that guarantees equal opportunities on the basis of merit.

INVESTOR RELATIONS DEPARTMENT C/ Príncipe de Vergara, 135 - 28002 MADRID (Spain)

Tlf: +34 91 586 27 30 Fax: +34 91 586 28 69

e-mail: ir@ferrovial.es website: www.ferrovial.com

2013: balanced contribution between fix,

variable and long term incentives:

Metrics of The Long Term Incentive Grant 2013 are a mix of: EBITDA / Net Productive Asset , Cash Flow , TSR *

in comparison with 16 international listed companies:

*ACS, OHL, FCC, Abertis, Paris CdG, Fraport, Serco, Carilion, Bilfinger Berger, Vinci, Strabag, Eiffage, Balfour Beatty, Transurban, SNC Lavalin.

22% Fix

39% Variable

39% Long Term incentives 2010 Grant

Ferrovial compares with IBEX35 and is in the average compensation of that group.

Euros 0 200,000 400,000

Percentile 75

0-25%il

25-50%il

50-75%il

75-90%il

Percentile 25

Percentile 90

Mean

Media

Board remuneration non executive President & CEO remuneration

Source: Towers Watson