1. Ferrovial
  2. Investors

Within the framework of the divestment process of its Services division, Ferrovial has reached an agreement to sell Broadspectrum.

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Published on 12/23/2019

Transmissions and purchases of capital undertakings

Pursuant to article 226 of the Consolidated Text of the Spanish Securities Market Act (Texto Refundido de la Ley del Mercado de Valores), FERROVIAL, S.A. (the “Company” or “FERROVIAL”), reports the following:

Reference is made to the communications filed on 16 October 2018 (registration number 270,505) and 27 February 2019 (registration number 275,263), regarding the divestment process of all or part of the assets of the Services division of Ferrovial group.

Within the framework of this process, the Company has reached an agreement for the sale of Broadspectrum (Services business in Australia and New Zealand) to an entity controlled by Ventia Services Group Pty Limited.

Equity value (price of shares and shareholder’s loans) amounts to AUD 485.5mn (€303mn approximately). Enterprise value stands at AUD 524.5mn (€327mn approximately). Up to September 2019, Broadspectrum EBITDA amounts to AUD 52.9mn (€ 33mn approximately).

The completion of the transaction is subject to usual conditions in this type of operations, including the obtention of regulatory and competition authorizations.

The transaction is expected to have a negative impact on Ferrovial’s P&L of approximately €270mn in the fourth quarter of 2019.

With respect to the rest of the group’s Services division, the Company remains committed to its divestment, having observed higher interest for specific businesses and/or geographies.

Ferrovial will hold a conference call on 23rd December 2019 at 17:00 h. CET. The details for the conference are as follows:

  • Spain (17:00h): +34 919 011 644
  • UK (16:00h): +44 203 936 2999
  • USA: +1 646 664 1960
  • Canada: +1 613 699 6539
  • Australia: +61 028 417 2995
  • All other locations: +44 203 936 2999

To join the conference, these phone numbers must be followed by the pin code 317192.

Slides to be presented along such conference call are attached.

Madrid, 24 December 2019

Santiago Ortiz Vaamonde

Secretary non Director of the Board of Directors of Ferrovial, S.A.

 

English translation for information purposes only. In the event of discrepancies between the English and the Spanish version, the Spanish version shall prevail.

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