2001 in figures millions of euros 2001 Concessions 44% Real estate 22% Services 3% Construction 31% 2000 Concessions 37% Services 2% Construction 34% Real estate 27% Contribution to Operating Income (%) Financial data 2001 2000 1999 % 01/00 01/99 Net revenues 4,240 3,598 2,645 18% 27% Operating income 389 271 194 44% 42% Net income 218 159 111 37% 40% Earnings per share 1.56 1.14 0.78 37% 41% Total assets 10,981 8,821 6,918 Shareholders’ equity 1,198 1,050 928 Gross capital expenditure 712 602 698 Net debt 287 417 319 Total gross dividend 56 39 35 Operating data 2001 2000 1999 Number of employees 23,522 24,208 12,488 Construction backlog 5,599 5,283 4,022 Property pre-sales 603 601 430 Services backlog 718 729 586 Ratios 2001 2000 1999 Operating margin 9.2% 7.5% 7.4% Net margin 5.1% 4.4% 4.2% ROE 19.4% 16.1% 14.7% Leverage 24% 39% 36% Pay-out 26% 24% 25% Per share data 2001 2000 1999 Capitalization 2,762 1,908 2,047 Year-end closing price 19.69 13.60 14.40 Effective daily trading volume 6.3 4.6 6.8 Gross dividend per share 0.41 0.28 0.20 Appreciation in the year 45% -6% -37% Number of shares at year-end 140,264,743 140,264,743 142,132,147 Business figures Construction Concessions Real estate Services Intragroup Total Revenues 3.432 346 375 215 -128 4,240 Operating income 123 177 88 12 -10 389 EBT 152 116 73 6 5 351 Cash (Debt) -890 554 438 108 78 287 Capital expenditure 57 318 312 17 5 712 CAGR* *CAGR: Compound Annual Growth Rate