Published today

On corporate transactions: mergers, acquisitions and others

Pursuant to the Consolidated Text of the Spanish Securities Market Act (Texto Refundido de la Ley del Mercado de Valores) and the Regulation (EU) on Market Abuse, Ferrovial, S.A. (the “Company” or “Ferrovial“) communicates the following:

INSIDE INFORMATION

Within the framework of the divestment process of the Services division of the Ferrovial Group, the Company has reached an agreement for the sale of the Environmental business in Spain and Portugal to PreZero International GmbH, a company of Schwarz Group.

The transaction represents an enterprise value of €1,133.5 million (including equity and debt). Ferrovial’s Environmental Services business in Spain and Portugal reported c.€130 million* EBITDA in 2020. Based on the balance sheet at year-end 2020, the implied equity value would be c.€950 million. The final consideration to be paid at closing will be adjusted by reference to a balance sheet prepared as at such date.

Completion of the transaction is subject to the usual conditions in this type of transactions and is expected to take place in the second half of 2021.

The transaction is expected to result in capital gains for Ferrovial of c.€317 million with respect to the book value at year-end 2020.

Madrid, 27 July 2021

Santiago Ortiz Vaamonde

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

* This figure includes €101 million of EBITDA ex projects and €29 million of EBITDA from projects (which generate normalized annual dividends of c.€10 million).

More information about this Inside Information

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