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News Releases

407 International Reports Third Quarter Results

TORONTO, October 19, 2017

407 International Inc. (the “Company”) announced today revenues of $348.7 million for the third quarter of 2017, compared to $321.3 million for the same period of 2016. Earnings before interest, taxes, depreciation and amortization (“EBITDA”¹) totalled $307.8 million for the third quarter of 2017 as compared with $284.9 million for same period of 2016. The Company reported net income of $143.2 million for the third quarter of 2017 as compared with $115.9 million for same period of 2016.

The Board of Directors declared an eligible dividend of $0.277 per common share, payable on or about October 19, 2017, to shareholders of record on October 19, 2017.

The Company is owned by Cintra Global Holding Limited, a wholly owned subsidiary of Ferrovial S. A. (43.23%), by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 40%), and by SNC-Lavalin (16.77%).

For more information, contact:

Investors:
Geoffrey Liang
Chief Financial Officer
Tel: 905-265-4070

Media:
Kevin Sack
Vice President
Marketing, Communications and Government Relations
Tel: 905-264-5374

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¹ EBITDA is not a recognized measure under International Financial Reporting Standards and investors are cautioned that EBITDA should not be construed as an alternative to net income or cash from operating activities as an indicator of the Company's performance or cash flows. The Company's method of calculating EBITDA may differ from other companies' methods, and may not be comparable to measures used by other companies. EBITDA less depreciation and amortization, interest and other expenses and income tax expenses, results in net income.