Ferrovial - Annual Report 2012

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Airports

airports

Ferrovial is one of the major private airport operators in the world and a shareholder in Heathrow Airport Holdings (HAH), which in 2012 operated in five airports in the United Kingdom. These airports (Heathrow, Stansted, Southampton, Glasgow, and Aberdeen) were used by 99.7 million passengers in 2012. They serve around 204 airlines, travelling to approximately 612 destinations worldwide.

In 2012, Ferrovial reduced their stake in Heathrow Airport Holdings, from 49.99% to 33.65%, which allowed them to consolidate the valorisation of their investment and input approximately 900 million euros. Qatar Holding LCC and Stable Investment Corporation are the new shareholders of the Group, holding 20% and 10% respectively.

The successful divestment operations of Edinburgh and Stansted airports, totalling 2.8 billion euros, put an end to sales imposed by the Competition Commission in the UK. As a result of these divestments BAA is replaced by the name Heathrow Airport Holdings and each airport runs to exploit their brand individually.

In 2012, the shareholders of Heathrow Airports Holdings received a dividend of 240 million pounds, the first dividend distributed since the acquisition of BAA by Ferrovial in 2006. Despite the difficult situation of the debt markets, bonds have been issued amounting to 3.3 billion pounds, including inaugural emissions in Swiss francs and Canadian dollars (in addition to those already existing in pounds, euros and U.S. dollars) and they have refinanced their credit lines.

2012 has been a year of great bidding activity for Ferrovial Airports, which has been active in Brazil, Puerto Rico and Portugal.

Jorge Gil

Jorge Gil

2012 Results


attached files

99.7
Million Passengers 
612
Cities 
Destination
204
Airlines
1,200
£billion
Terminals and infraestructure investment

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This is an electronic version of the 2012 Annual Report prepared by Ferrovial, S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page