CONTRIBUTION BY MAIN ASSETS

MULTIPLES DO NOT REFLECT TRUE VALUE OF FERROVIAL. FERROVIAL’S MAIN ASSETS CONSOLIDATE BY EQUITY METHOD, CONTRIBUTING NEITHER TO SALES NOR TO EBITDA, BUT THEY DO CONTRIBUTE SIGNIFICANTLY TO DIVIDENDS AND TO THE GROUP’S VALUATION BY ANALYSTS 85% 1,314 M€ 417 M€ TOLL ROADS AIRPORTS CONSTRUCTION SERVICES EQUITY METHOD* * Analysts’ consensus december 2019 10% 12% 75% 575 738 43% 25% 50% <50% 407 ETR HEATHROW GLASGOW, ABERDEEN, SOUTHAMPTON AIRPORTS OTHERS + = 433 -16 (1) Excluding Construction provision of 1Q 2019. CONSOLIDATED RESULT EBITDA PROPORTIONAL INTEGRATION 421 M€ (1) 1,257 M€ (1) EQUITY VALUATION* CONTRIBUTION FROM INFRASTRUCTURE FERROVIAL TOTAL 3% MULTIPLES DO NOT REFLECT TRUE VALUE OF FERROVIAL. FERROVIAL’S MAIN ASSETS CONSOLIDATE BY EQUITY METHOD, CONTRIBUTING NEITHER TO SALES NOR TO EBITDA, BUT THEY DO CONTRIBUTE SIGNIFICANTLY TO DIVIDENDS AND TO THE GROUP’S VALUATION BY ANALYSTS 85% 10% 12% 3% 75% 43% 25% 50% <50% 407 ETR HEATHROW GLASGOW, ABERDEEN, SOUTHAMPTON AIRPORTS OTHERS + = € 417 M € 1,314 M € 421 M (1) € 1,257 M (1) EQUITY VALUATION* FERROVIAL TOTAL 433 -16 575 738 TOLL ROADS AIRPORTS CONSTRUCTION SERVICES EQUITY METHOD* * Analysts’ consensus december 2019 (1) Excluding Construction provision of 1Q 2019. CONSOLIDATED RESULT EBITDA PROPORTIONAL INTEGRATION CONTRIBUTION FROM INFRASTRUCTURE

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