Ferrovial - Annual Report 2012


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International Construction

Outside Spain, the International Construction Division also covers all areas of civil works and building construction. The division operates through subsidiaries such as Budimex in Poland and Webber in the state of Texas in the U.S., as well as through stable local offices in countries that are considered of strategic interest. There are currently offices in the United States, Canada, Poland, the UK, Ireland, Portugal, Chile, Colombia, Peru, Puerto Rico, Brazil, Qatar, UAE, Saudi Arabia, India and Australia.

In 2012 revenue stood at 2.944 billion euro (not including the international operations of Cadagua), up 20% on the previous year. The main strategic markets (Poland, U.S., Canada and UK) accounted for more than 90% of total international sales.

The backlog remains at strong levels of 5.955 billion euro (not including the international operations of Cadagua). This amounts to a fall of 11% on the 2011 figure due to the high level of execution of works, the elimination of the railroad contract portfolio in Poland, and a lower forecast of projects to be executed in one of the highways in Greece. Despite this, the backlog still represents 24 months of guaranteed production at current rates of execution.

The main contracts won in the year, apart from those detailed below for Budimex and Webber, are: the US460 Highway in the USA (1.052 billion euro, in a JV at 70%), the extension of the 407 East Highway in Canada (618 million euro, in a JV at 50%); the 11 buildings of the Tokamak complex for ITER in France (230 million euro, in a JV at 30%); several highway contracts for the Ruta del Maipo and Ruta del Maule in Chile (110 million euro); the Terminal 3 integrated baggage system at Heathrow Airport in the UK (83 million euro); earth moving and tunnel construction for Codelco in Chile (41 million euro); the PR9 Ponce road in Puerto Rico (31 million euro) and the port of Cerrejón in Colombia (16 million euro).

Also of note was the opening of other major works, such as the AH130 Highway in Texas (USA), the Post T5 Connectivity Phase II Tunnel and the Integrated Baggage System at Heathrow T3 in the UK, the Bradford Phase II Colleges in the UK and the Roberto Sánchez Highway in Puerto Rico. Good progress is also being made on the execution of key contracts awarded in 2009-2011, such as the NTE and LBJ highways in Texas, or the Crossrail tunnels and Terminal T2A in the United Kingdom


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international revenues [billion euro]
+ 20%
on 2011

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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