Ferrovial - Annual Report 2011

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Airports

Airports

Ferrovial is the number one private airport operator in the world, with BAA operating six airports in the United Kingdom. These airports (Heathrow, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen) are used by 108,5m passengers in 2011. They serve around 204 airlines, travelling to approximately 612 destinations worldwide. The two London airports alone, Heathrow and Stansted, handled 87.4m passengers in 2011.

On October 2011, Ferrovial announced the disposal of a 5.88% stake of BAA holding company, for GBP280mn (EUR326mn) to two investment vehicles managed by Alinda Capital Partners.

Further progress has been made in strenghthening the Group's capital structure, BAA issued three bonds that resulted in the complete cancellation of its bank debt. In December, BAA published its investors' report including the company's expectation to begin distributing dividends in 2012.

In December, 2011, after a period of 10 years plus a 15 months extension, the concession at Cerro Moreno Airport in Antofagasta, Chile finalised, and the Airport was returned to the Department of Public Works of Chile.

Results 2011: Nicolás Villén

Results 2011: Nicolás Villén

The CEO of Ferrovial Airports gives a positive assessment of 2011, and highlights the increased traffic volumes, especially the historic record set at Heathrow.

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This is an electronic version of the 2011 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