Reflections on a Monumental Year for Ferrovial
Dear employees and shareholders,
2024 proved to be a significant turning point for Ferrovial. Together, we achieved remarkable accomplishments while continuing our commitment to delivering vital infrastructure that enhances lives around the globe. Our hard work has led to impressive financial outcomes, emphasizing our position as a leader in the industry.
Strengthening Our Market Presence
This year marked a major milestone for Ferrovial as we successfully expanded our foothold in the U.S. market. We have not only led extraordinary projects but ventured into emerging sectors ripe for growth. Our listing on one of the world's most prestigious stock exchanges is a testament to our progress, opening doors to global capital that will drive our next phase of development.
The Journey Ahead: Infrastructure and Community Impact
One of our crowning achievements this year is the 10-year anniversary of the North Tarrant Express, a project that has significantly transformed transportation in the area. The TEXpress Lanes provide improved travel options for residents, contributing over $20 billion to the local economy and supporting thousands of jobs.
A New Era of Airport Projects
In our quest to enhance transportation infrastructure, we are also leading the development of the New Terminal One at JFK International Airport. With an ambitious budget and timeline, this project is set to change the travel experience for millions, making it the largest terminal at JFK and boosting local airline capacity.
Commitment to Renewable Energy
As part of our adaptation to changing energy demands, 2024 saw us breaking ground on a solar photovoltaic plant in Texas, expected to power tens of thousands of homes. This investment is Ferrovial's inaugural foray into renewable energy projects within the U.S. market and is poised to make substantial contributions to sustainable energy initiatives.
Financial Success and Future Goals
Thanks to our collective efforts, Ferrovial reported a robust adjusted EBITDA of $1.5 billion, marking a significant yearly increase. Our dedication resonates with investors, who recognize the value of our quality infrastructure projects. We are in a position to provide substantial returns while adhering to financial discipline.
Embracing Digital Innovations
Our construction division successfully surpassed profitability goals this year. We also established a Digital Infrastructure Division that leverages our expertise to innovate and provide tailored solutions in the growing data center sector. This strategic direction aligns us with the evolving demands of digital landscapes and positions Ferrovial as a key player in shaping future infrastructure.
Looking Ahead: Vision for 2025 and Beyond
As we step into 2025, we are excited to leverage our operational principles that distinguish us in the industry. Our goal is to continue delivering innovative infrastructure that empowers communities as populations grow, ensuring we remain at the forefront of transforming environments in North America.
Ignacio Madridejos
Ferrovial CEO
About Ferrovial
Ferrovial stands as a beacon of excellence among global infrastructure companies. We are operational in over 15 nations and keep a workforce exceeding 25,000 worldwide. Not only is Ferrovial triple listed, but we are also a proud member of Spain's IBEX 35 index and recognized by esteemed sustainability indices.
Frequently Asked Questions
What key achievements did Ferrovial accomplish in 2024?
Ferrovial marked significant milestones such as the 10-year anniversary of the North Tarrant Express and the launch of the New Terminal One at JFK Airport.
How has Ferrovial expanded its market presence?
This year, Ferrovial strengthened its presence in the U.S. market, leading various projects and listing on a major stock exchange.
What renewable energy initiatives is Ferrovial undertaking?
Ferrovial has started construction on a solar photovoltaic plant in Texas, targeting to power 36,000 homes with its capacity.
How did Ferrovial perform financially in 2024?
Ferrovial achieved an adjusted EBITDA of $1.5 billion, reflecting a 38.9% increase compared to the previous year, demonstrating strong financial health.
What is Ferrovial's focus for the future?
Looking ahead, Ferrovial aims to continue innovating infrastructure solutions, enhancing community development as populations grow.
