Ferrovial - Our parent company
Our parent company "Ferrovial", is one of the world's leading infrastructure companies, with over 100,000 employees and operations in 48 countries in a range of sectors including construction, airport, toll road, and car park management and maintenance, and municipal services.
Ferrovial leveraged construction, its original business, to finance expansion into other sectors that are more profitable and capable of generating growing cash flow in the long term. Since 2000, the company has invested approximately 10.2 billion euro in diversifying its business and moving into other countries. As a result, in 2008, 82% of the company's EBITDA came from outside Spain, and 73% came from infrastructure management.
Today Ferrovial has two clear business profiles: infrastructure operator and industrial company. The Airports, Toll Roads and Car Parks divisions make up the infrastructure area: they are more capital intensive, focus on creating value and provide steadily growing cash flow over the long term. The industrial area is comprised of Construction and Services, which are less capital intensive but are cash-generative and provide positive net income. Ferrovial’s acquisition of Amey was a key part of this strategy, helping to boost revenues from its services business.
The Ferrovial model focuses on integrated infrastructure management: «design, build, finance, operate and maintain» projects (DBFOM). Ferrovial also focuses on sustainable growth, underpinned by a portfolio of high-quality, long-term businesses. This approach to sustainable development is starting to be recognised in financial markets. For the seventh consecutive year, Ferrovial has been included in the DJSI World and the DJSI STOXX, and for the fouth year in a row, it is part of the prestigious FTSE4Good index.
For more information on Ferrovial, please visit their website www.ferrovial.com. For details of the latest annual report please visit their specialist site http://report2008.ferrovial.com