|
||||||||||||||||||||||||||||||||||||||||||||||
| Ownership |
|
|||||||||||||||||||||||||||||||||||||||||||||
![]() About Ferrovial Ferrovial is one of the world's largest private operators of transportation infrastructure and a leading services provider. As one of Spain's most international companies, it has operations in 49 countries, a workforce of more than 100,000 and assets totaling approximately €48 billion. Ferrovial's business model is focused on end-to-end infrastructure management, design, construction, financing, operation and maintenance. To this end, the company is active in complementary sectors, such as airport and toll road construction and operation, as well as services. Ferrovial has invested a total of $77.56 billion in transport concessions since 1985, leading the latest worldwide ranking published by the esteemed American publication Public Works Financing. In October 2009 the Ferrovial merged with its toll roads subsidiary Cintra and Íńigo Meirás was appointed the group's new Chief Executive Officer. The resulting company is larger, sounder, and has a stronger balance sheet, while its shares now enjoy greater liquidity and stability. The group's diversification both in its business lines and geographically has brought stability to Ferrovial, which prides itself as having 90% of its major assets in leading developed countries (OECD) such as the UK, USA and Canada. Around 64% of the company's revenues and 82% of its EBITDA come from outside Spain. The company had a workforce of more than 106,000 employees at the end of 2008: 12.59% to be found in the Airports division; 0.29% in the Corporate Head Offices; 14.23% in Construction; 66.87% in Services and 4.19% in Toll Roads. Across all its business lines, 23% are located in the United Kingdom, principally in the Airports and Services divisions. In terms of acquisitions, one of the most notable was that of BAA, the world's largest airport management company, in 2006. This went down in history as one of the largest overseas operations ever undertaken by a Spanish company. Both the investment in BAA and that of Swissport, in August 2005, have clearly shown the group's long-term commitment to the aviation industry. Ferrovial is a company that has two clear business profiles: The airports and toll roads business dictate a profile which is intensive in capital, with negative short-term net income but with an increasing cash flow generation in the medium and long term. The second profile - that of the construction and services businesses - is more industrial, and not as capital-intensive, generating a lot of cash flow and generating a positive net income. As a whole, Construction and Services give a recurrent EBITDA of around €800m a year. Ferrovial has been selected from the construction and engineering sector by AIS for its Triodos mutual fund. In terms of Corporate Responsibility, Ferrovial's policies have earned the company a place in the FTSE4Good, ASPI Eurozone and Ethibel indices, as well as being listed on the Dow Jones Sustainability Index for the past eight years, both in the European (DJSI STOXX), and worldwide index (DJSI World). www.ferrovial.com |
||||||||||||||||||||||||||||||||||||||||||||||