APPENDIX

Appendix I- Segmented Information

TOLL ROADS – GLOBAL CONSOLIDATION

(EUR Million)	TRAFFIC (ADT)			REVENUES			EBITDA			EBITDA MARGIN		NET DEBT 100%
Global consolidation	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	DEC-21	SHARE
NTE*	33	25	32.7 %	159	109	45.8%	139	93	50.0%	87.4%	84.9%	-1,075	63.0%
LBJ*	37	30	23.0 %	113	91	23.8%	87	63	38.1%	77.0%	69.1%	-1,757	54.6%
NTE 35W/*	35	28	26.8 %	120	85	41.2%	101	71	42.0%	83.9%	83.4%	-928	53.7%
I-77 *	28	20	45.8 %	31	16	96.5%	17	4	n.s.	54.9%	24.9%	-231	65.1%
TOTAL USA				423	301	40.5%	343	230	49.1%			-3,991
Autema	15,390	12,671	21.5 %	60	51	18.3%	53	43	21.7%	87.5%	85.1%	-621	76.3%
Aravia***	32,353	26,750	20.9%	39	34	13.1%	33	28	15.3%	84.3%	82.7%	-48	60.0%
TOTAL SPAIN				99	85	16.2%	86	72	19.1%			-669
Azores	10,361	8,815	17.5 %	28	24	17.1%	25	21	20.4%	87.0%	84.6%	-273	89.2%
Via Livre				13	13	3.9%	2	2	2.5%	17.4%	17.6%	5	84.0%
TOTAL PORTUGAL				42	37	12.6%	27	23	18.7%			-268
TOTAL				25	16	59.9%	-41	-45	10.2%
TOTAL TOLL ROADS				588	439	34.1%	415	280	48.6%	70.6%	63.7%	-4.928

* Traffic in millions of transactions. ** NTE 35W includes contribution from NTE3C (under construction). Net debt 100%: includes all 3 segments. ***ARAVIA ,the contract for the conservation and operation of the section of the A2 highway, has been excluded from the scope of Services sale. In 2021, it has been reclassified to continuing operations in Toll Roads.

TOLL ROADS – EQUITY-ACCOUNTED

(EUR Million)	TRAFFIC (ADT)			REVENUES			EBITDA			EBITDA MARGIN		NET DEBT 100%
Equity accounted	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	DEC-21	SHARE
407 ETR (VKT mn)	1,696	1,500	13.0%	692	591	17.1%	581	481	20.7%	84.0%	81.4%	-6,070	43.2%
M4	29,951	25,214	18.8%	27	22	19.0%	15	13	10.3%	55.1%	59.5%	-57	20.0%
M3	35,701	31,927	11.8%	18	20	-7.1%	12	12	-6.4%	63.0%	62.6%	-63	20.0%
A-66 Benavente Zamora				23	25	-5.0%	21	22	-5.0%	88.4%	88.3%	-153	25.0%
Serrano Park				6	4	38.7%	3	-1	n.s	48.6%	-22.8%	-32	50.0%
EMESA				153	157	-2.9%	83	94	-11,8%	54.5%	60.0%	-47	50.0%
Algarve	13,101	10,893	20.3%	31	33	-4.6%	27	28	-4.7%	86.0%	86.1%	-71	20.0%
Norte Litoral*	23,833	21,741	9.6%	21	38	-45.7%	18	33	-44.9%	87.4%	86.2%	-87	20.0%
Toowomba				26	25	4.8%	6	5	11.9%	23.1%	21.6%	-232	40.0%
OSARs**				42	35	19.6%	11	6	82.7%	25.2%	16.5%	-398	50.0%
Zero ByPass (Bratislava)**				51	31	65.2%	44	26	73.8%	87.3%	83.0%	-783	35.0%

* EMESA, the maintenance contract of the M-30 road in Madrid, has been excluded from the scope of Services sale. In 2021, it has been reclassified to continuing operations in Toll Roads.
**Norte Litoral sale was completed in July 2021. Traffic up to September 2021. P&L 2021 until July and P&L 2020 up to September.
***OSARs and Zero ByPass opened to traffic in 2021, although the project were not 100% completed. OSARs open to traffic in November 2021, but the final acceptance is expected in 2022. Zero ByPass opened to traffic in October 2021, although the Final Occupation Permit is pending and it is expected in 2022.

MAIN TOLL ROADS (P&L)

407 ETR

(CAD Million)	DEC-21	DEC-20	VAR.
Revenues	1,023	909	12.6%
EBITDA	859	740	16.1%
EBITDA margin	84%	81.4%
EBIT	757	642	17.8%
EBIT margin	74.0%	70.7%
Financial results	-465	-441	-5.5%
EBT	291	201	44.8%
Corporate income tax	-79	-53	-47.9%
Net Income	212	148	43.6%
Contribution to Ferrovial equity accounted result (EURmn)	52	33	58.2%

LBJ

(USD Million)	DEC-21	DEC-20	VAR.
Revenues	133	104	27.3%
EBITDA	102	72	42.0%
EBITDA margin	77.0%	69.1%
EBIT	76	48	56.9%
EBIT margin	57.0%	46.2%
Financial results	-80	-98	18.4%
Net Income	-5	-50	90.5%
Contribution to Ferrovial*	-2	-24	90.5%

*Globally consolidated asset, contribution to net profit (EURmn). 54.6% stake

NTE

(USD Million)	DEC-21	DEC-20	VAR.
Revenues	187	125	50.0%
EBITDA	164	106	54.3%
EBITDA margin	87.4%	85%
EBIT	129	87	48.7%
EBIT margin	69.0%	69.7%
Financial results	-51	-51	-0.4%
Net Income	78	36	113.9%
Contribution to Ferrovial*	42	20	108.0%

*Globally consolidated asset, contribution to net profit (EURmn). 62.97% stake.

NTE 35W

(USD Million)	DEC-21	DEC-20	VAR.
Revenues	142	98	45.3%
EBITDA	119	82	46.1%
EBITDA margin	83.9%	83.4%
EBIT	95	62	52.4%
EBIT margin	66.5%	63.4%
Financial results	-43	-41	-5.0%
Net Income	51	21	145.2%.
Contribution to Ferrovial*	23	10	138.2%.

*Globally consolidated asset, contribution to net profit (EURmn). 53.67% stake.

I-77

(USD Million)	DIC-21	DIC-20	VAR.
Revenues	36	18	102.1%
EBITDA	20	4	n.s.
EBITDA margin	54.9%	24.9%
EBIT	13	1	n.s.
EBIT margin	37.0%	3.6%
Financial results	-12	-11	-3.2%
Net Income	2	-10	118.5%
Contribution to Ferrovial*	1	-5	122.9%

*Globally consolidated asset, contribution to net profit (EURmn). 65.10% stake

AIRPORTS (P&L)

Heathrow SP & HAH

	Revenues			EBITDA			EBITDA margin
(GBP Million)	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	VAR.	DEC-21	DEC-20	Var. (pbs)
Heathrow SP	1,214	1,175	3.3 %	384	270	42.2 %	31.6 %	23.0 %	863
Exceptionals & adjs	0	0	50.8 %	-27	-182	85.1%	-101.7 %	n.a.	n.a
Total HAH	1,214	1,175	3.3 %	357	89	303.2 %	29.4 %	7.5 %	-2,186

HAH

(GBP Million)	DEC-21	DEC-20	VAR.	LfL
Revenues	1,214	1,175	3.3 %	3.3 %
EBITDA	357	89	n.s.	42.0 %
EBITDA margin	29.4 %	7.5 %
Depreciation & impairments	-828	-848	-2.3 %	2.3 %
EBIT	-472	-759	37.9 %	23.3 %
EBIT margin	-38.8 %	-64.6 %
Financial results	-1,509	-855	-76.6 %	-29.4 %
EBT	-1,981	-1,614	-22.7 %	-4.7 %
Corporate income tax	319	206	54.9 %.	n.s.
Net Income	-1,662	-1,408	-18.0 %	n.s.
Contribution to Ferrovial equity accounted result (EUR mn)	-238	-396	39.9 %	n.s.

AGS

(GBP Million)	DEC-21	DEC-20	VAR
Total Revenues AGS	87	71	22.5%
Glasgow	45	34	33.3%
Aberdeen	32	28	13.7%
Southampton	9	9	8.3%
Total EDIBTA AGS	-6	-25	76.2%
Glasgow	-2	-16	84.6%
Aberdeen	3	0	n.s.
Southampton	-6	-9	25.6%
Total EBITDA margin	-6.8%	-34.9%	n.s.
Glasgow	-5.4%	-46.7%	n.s.
Aberdeen	9.5%	-0.4%	n.s.
Southampton	-69.7%	-101.4%	n.s.

CONSTRUCTION

CONSTRUCTION	DEC-21	DEC-20	VAR.	LfL
Revenues	6,077	5,984	1.6 %	3.1%
EBITDA	245	214	14.6%	16.4%
EBITDA margin	4.0 %	3.6%
EBIT	132	101	31.3%	32.1%
EBIT margin	2.2%	1.7%
Order book	12,216	11,276	8.3%	7.4%

BUDIMEX		DEC-21	DEC-20	VAR.	LfL
Revenues		1,735	1,726	0.5 %	2.7%
	Construction	1,598	1,689	-5.4 %	-3.3 %
	FB Serwis	171	136	25.2 %	27.9 %
	Others	-34	-99
EBITDA		158	130	21.8 %	24.7 %
EBITDA margin		9.1 %	7.5 %
EBIT		126	100	26.3 %	29.3 %
	Construction	95	87	9.1 %	11.5 %
	FB Serwis	18	17	6.6 %	8.9 %
	Others	13	-4
EBIT margin		7.3 %	5.8 %
Order book		3,092	3,083	0.3%	0.7 %

WEBBER	DEC-21	DEC-20	VAR.	LfL
Revenues	950	1,038	-8.5%	-5.8%
EBITDA	58	49	17.1%	20.9%
EBITDA margin	6.1%	4.8%
EBIT	34	22	54.1%	59.8%
EBIT margin	3.6%	2.1%
Order book	1,865	1,486	25.5%	16.7%

F. CONSTRUCTION	DEC-21	DEC-21	VAR.	LfL
Revenues	3,204	3,053	5.0%	5.6%
EBITDA	2	14	-83.8%	n.s.
EBITDA margin	0.1%	0.5%
EBIT	-40	-26	-49.6%	n.s.
EBIT margin	-1.2%	-0.9%
Order book	6,377	5,561	14.7%	10.9%

OTHERS	DEC-21	DEC-21	VAR.	LfL
Revenues	188	166	13.4%	16.6%
EBITDA	26	20	35.3%	39.2%
EBITDA margin	14.1%	11.8%
EBIT	12	5	124.2%	130.7%.
EBIT margin	6.2%	3.1%
Order book	881	1,146	-23.1%	-0.9%

EBIT before impairments and disposals of fixed assets

SERVICES

SERVICES*	DEC-21	DEC-20	VAR.	LfL
Revenues	5,090	4,681	8.7%	9.0%
EBITDA	365	217	67.9%	78.0%
EBITDA margin	7.2%	4.6%
Order book	8,373	8,293	1.0%	8.3%

UK	DEC-20	DEC-19	VAR.	LfL
Revenues	2,890	2,547	13.5%	9.5%
EBITDA	131	44%	198.9%	116.8%
EBITDA margin	4.5%	1.7%
Order book	8,079	7,993	1.1%	8.3%

CHILE	DEC-21	DEC-21	VAR.	LfL
Revenues	130	110	18.8%	18.1%
EBITDA	13	6	102.9%	68.5%
EBITDA margin	9.8%	5.8
Order book	294	300	-2.2%	9.1%

*Excluding the activities whose sale has been completed in 2021, along with the Infrastructure Services business to Portobello, whose sale was closed on January 31st, 2022.

SPAIN	DEC-21	DEC-20	VAR.	LfL
Revenues	1,952	1,881	3.7%	10.6%
EBITDA	221	172	28.1%	48.4%
EBITDA margin	11.3%	9.1%

North America	DEC-21	DEC-20	VAR.	LfL
Revenues	118	143	-17.4%	-11.5%
EBITDA	0	-5%	106.9%	117.8%
EBITDA margin	0.3%	-3.5%

EBIT before impairments and disposals of fixed assets
Others include the Infrastructure Maintenance Services in USA and Canada