OPERATING CASH FLOW

DIVIDENDS FROM INFRASTRUCTURE PROJECTS (M€) (1) OPERATING CASH FLOW (2) (Ex-Infrastructures) (1) 2014 Includes the extraordinary dividend of Heathrow for the sale of AGS (214 M€) 2018 Includes an extraordinary dividend from Ferrovial Servicios España (104 M€) 2017 Includes an extraordinary dividend after AGS refinancing (43 M€) and an extraordinary Heathrow dividend (2) Before tax 182 387 489 615 477 477 553 623 729 TOLL ROADS AIRPORTS CONSTRUCTION SERVICES OTHERS 56% 19% 16% 9% 2011 2012 2013 2014 2015 2016 2017 2018 2019 (1) OPERATING CASH FLOW (2) (Ex-Infrastructures) (2) Before tax 182 387 489 615 477 477 553 623 729 TOLL ROADS AIRPORTS CONSTRUCTION SERVICES OTHERS 56% 19% 16% 9% 2011 2012 2013 2014 2015 2016 2017 2018 2019 DIVIDENDS FROMINFRASTRUCTURE PROJECTS (M€) (1) 2014 Includes the extraordinary dividend of Heathrow for the sale of AGS (214 M€) 2017 Includes an extraordinary dividend after AGS refinancing (43 M€) and an extraordinary Heathrow dividend 2018 Includes an extraordinary dividend from Ferrovial Servicios España (104 M€)