Vinci SA · EURONEXT:DG
Vinci SA — 9M 2021 Earnings Presentation
83 slides from Vinci SA's earnings presentation, 2021
Slide 1: First nine months 2021 highlights
First nine months 2021 highlights VINCI awarded contract for the works package 2 in relation to the Lyon–Turin rail link
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking objectives and statements about VINCI’s financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent upon significant risk and uncertainty facto
Slide 3: First 9M 2021 Highlights
VINCI Ws First 9M 2021 Highlights
Slide 4: 9M 2021 highlights
9M 2021 highlights VINCI Energies and VINCI Construction: revenue in excess of 2019 level VINCI Autoroutes: strong traffic levels in Q3 21, above those seen before the health crisis VINCI Airports: beginnings of a recovery in Q3 21 in passenger numbers in the Americas and Europe Order book remains s
Slide 5: Q3 2021 consolidated revenue
Q3 2021 consolidated revenue Δ 2021/2020 Δ 2021/2019 € in millions Q3 2021 Q3 2020 Q3 2019 Actual Comparable Actual Concessions 2,253 1,923 2,657 +17.2% +17.0% -15.2% VINCI Autoroutes 1,761 1,633 1,680 +7.8% +7.8% +4.8% VINCI Airports 407 226 896 +79.9% +75.2% -54.6% Other Concessions** 85 63 82 +34
Slide 6: 9M 2021 consolidated revenue
9M 2021 consolidated revenue Δ 2021/2020 Δ 2021/2019 € in millions 9M 2021 9M 2020 9M 2019 Actual Comparable Actual Concessions 5,153 4,515 6,493 +14.1% +14.5% -20.6% VINCI Autoroutes 4,154 3,526 4,288 +17.8% +17.8% -3.1% VINCI Airports 778 818 1,965 -4.9% -4.3% -60.4% Other Concessions** 221 171 24
Slide 7: 9M 2021 consolidated revenue evolution by division
9M 2021 consolidated revenue evolution by division Real Estate Concessions VINCI Energies VINCI Construction development vs 9M 2020 €5,153 m +14.1% €10,868 m +13.4% €19,247 m +17.7% €1,081 m +44.3% vs 9M 2019 -20.6% +10.9% +5.6% +33.2% Organic FX Organic Scope FX Organic Scope FX Organic Scope €35,8
Slide 8: 9M 2021 consolidated revenue change by geographical area
9M 2021 consolidated revenue change by geographical area France International vs 9M 2020 €19,364 m +18.8% €16,482 m +13.8% vs 9M 2019 +0.3% +5.9% Organic Scope Organic Scope FX €35,845 m €30,778 m +17.9% +0.8% +12.5% +1.7% -0.4% Total VINCI Group 9M 2020 9M 2021 vs 9M 2020 +16.5% +15.3% +1.3% -0.2%
Slide 9: VINCI Autoroutes: 9M 2021 key takeaways
VINCI Autoroutes: 9M 2021 key takeaways ▪ Revenue: €4,154 m (-3% vs 2019, +18% vs 2020) VINCI Autoroutes: leading prevention events to alert road users against the risk of accident during Summer holidays ▪ Traffic levels in Q3 21 now above their pre-crisis levels (+4.1% vs Q3 19, +8.9% vs Q3 20): ✓
Slide 10: VINCI Autoroutes: quick normalisation of traffic, now above 2019 level
VINCI Autoroutes: quick normalisation of traffic, now above 2019 level VINCI Autoroutes monthly change in traffic 2020 and 2021 (vs 2019) 20% 0% -20% -40% -60% -80% -100% LV HV Total Jan. Feb. March Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb. March Apr. May Jun. Jul. Aug. Sept. 2021 10 20
Slide 11: VINCI Autoroutes traffic
VINCI Autoroutes traffic 9M 2021 VINCI Autoroutes traffic VINCI Autoroutes – Rolling twelve months traffic over 10 years Total Δ 9M 2021/9M 2020 Δ 9M 2021/9M 2020 Δ 9M 2021/9M 2020 CAGR Q3 2021/ Δ 9M 2021/9M 2019 Δ 9M 2021/9M 2019 Δ 9M 2021/9M 2019 Q3 2011 120 HV +1.6% 115 +18.8% +20.0% +12.3% 110 -
Slide 12: VINCI Airports: 9M 2021 key takeaways
VINCI Airports: 9M 2021 key takeaways Lyon Airport: announcement of a partnership with Airbus and Air liquide ▪ Beginnings of a recovery in Q3 21 in passenger numbers in the to promote the use of hydrogen and accelerate the decarbonization of Americas and Europe the aviation sector ▪ Revenue: €778 b
Slide 13: VINCI Airports: gradual recovery in traffic
VINCI Airports: gradual recovery in traffic Breakdown of seats by destination (FY 2020) VINCI Airports monthly passenger numbers* in 2020 and 2021 (vs 2019) 10% Domestic 35% 0% Intra EU 40% International Short & Mid haul (excl. Intra EU) -20% 15% International Long haul (>4,000 km) -40% Traffic brea
Slide 14: VINCI Airports 9M 2021 passenger traffic
VINCI Airports 9M 2021 passenger traffic Q3 2021 9M 2021 Change Change Change Change Passenger traffic (in thousands of pax) 2021 2021 2021/2020 2021/2019 2021/2020 2021/2019 Portugal (ANA) 10,012 +92.8% -45.7% 15,267 +2.3% -66.7% o/w Lisbonne 4,570 +115.2% -50.3% 7,088 -8.8% -70.2% United Kingdom 3
Slide 15: VINCI Energies: 9M 2021 key takeaways
VINCI Energies: 9M 2021 key takeaways ▪ Q3 21 revenue: +8% vs Q3 19 Construction of a 12MW solar PV plant in Paulmy (France) in place of a former clay quarry ▪ 9M 21 revenue: €10,868 m (+10.9% vs 9M 19, +13.4% vs 9M 20): ✓ France revenue up 10% vs 9M 19 ✓ International revenue up 12% vs 9M 19 ▪ Robu
Slide 16: VINCI Construction: 9M 2021 key takeaways
VINCI Construction*: 9M 2021 key takeaways ▪ Q3 21 revenue was higher than its pre-crisis level (+3% vs Q3 Port Rail Transformation Project in Melbourne, Australia 19) ▪ 9M 21 revenue: €19,247 m (+6% vs 9M 19, +18% vs 9M 20) ✓ France (-4% vs 9M 19), as 2019 is a high base for comparison. Civil engin
Slide 17: 9M 21 order intake almost stable despite high comparison base
9M 21 order intake almost stable despite high comparison base Order intake up 14% for VINCI Energies, down 10% for VINCI Construction (high comps + selective approach) By business lines (in € billion) By geographical area (in € billion) 31.9 33.3 -2% 32.5 31.9 33.3* -2% 32.5 10.8 10.8 +14% 19.0 18.0
Slide 18: Contracting order book at a very high level
Contracting order book at a very high level Order book up ; International accounts for 62% Breakdown by business lines (in € bn) Breakdown by geographical area (in € bn) +7% 45.4 +7% 45.4 42.8 42.4 42.8 42.4 11.4 11.5 10.2 9.9 +15% 10.8 11.4 +1% 14.3 14.1 +19% 16.8 32.6 32.5 +5% 34.0 17.6 16.9 +2% 1
Slide 19: VINCI Immobilier: 9M 2021 key takeaways
VINCI Immobilier: 9M 2021 key takeaways « Universeine » project: transformation of an industrial wasteland into a 130k sqm district of offices and homes in Saint-Denis, France ▪ Consolidated revenue: €1081 m (+44% actual and +31% lfl vs 9M 20) ▪ Excluding Urbat Promotion, consolidated revenue went u
Slide 20: Financial policy: strong liquidity and credit rating
Financial policy : strong liquidity and credit rating High level of liquidity Strong credit rating S&P A- Outlook stable Affirmed for VINCI SA, ASF and Cofiroute in June 2021 19.5 17.9 18.0 Moody’s A3 Outlook stable 6.6 Affirmed for VINCI SA and ASF in April 2021 10.0 11.5 Debt refinancing in excell
Slide 21: Financial policy: optimisation of average cost of debt
Financial policy : optimisation of average cost of debt Gross financial debt cost over the past 5 years (average rate) Breakdown of debt by currency 3.2% 29% 2.7% 57% 30 June £ FY 2016 2.3% 2.4% 2.3% 2.3% € 2021 FY 2017 8% $ FY 2019 H1 2021 FY 2018 FY 2020 2% PEN 4% other currencies 21
Slide 22: 2021 guidance confirmed and specified
2021 guidance confirmed and specified VINCI Energies VINCI Construction Concessions Benefits from a very VINCI Autoroutes: given the good trend in traffic levels observed Well positioned in strong order book, in recent weeks and following on from the increase seen in the buoyant markets, expects to
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Slide 24: Appendices
VINCI Ws Appendices
Slide 25: Other information
VINCI Ws Other information
Slide 26: Concessions capex forecasts
Concessions capex forecasts* In € million 1600 1400 1200 1000 VINCI Airports (incl. Manaus) 800 VINCI Autoroutes 600 400 200 0 2021e 2022e 2023e * As of 30 June 2021 and including fully consolidated assets only 26
Slide 27: Dividend
Dividend Ex date 16 November 2021 2021 interim dividend per share €0.65 (all-cash) Payment date 18 November 2021 Dividend per share since 2011 (in €) 2.67 0.45** 2.45 2.22 2.10 2.04 2.04 1.77 1.77 1.77 1.84 Total dividend – interim dividend Interim dividend Special dividend linked to the disposal of
Slide 28: Recent developments
Recent developments VINCI Airports Acquisition of ACS’s energy business ✓ April 2021: 30-year concession for seven airports of ✓ Agreement with ACS announced on April 1st 2021 the North region of Brazil: Manaus, Porto Velho, Rio Branco, Boa Vista, Cruzeiro do Sul, Tabatinga and Téfé ✓ Consistent wit
Slide 29: VINCI's environmental ambition and 2020 performance
VINCI’s environmental ambition and 2020 performance Optimize resources Act for the Preserve natural thanks to circular Climate environments economy Ambition 2030 Ambition 2030 Ambition 2030 Ambition 2030 -40% greenhouse gases 90% low-carbone > 20 mt recycled aggregated commitments emissions vs 2018
Slide 30: VINCI Environment Awards
VINCI Environment Awards Facing climate and environmental emergency, VINCI has launched a dynamic : the Environment Awards The goals of the Environment Awards are to detect, promote and deploy on a large scale initiatives with a positive environmental impact and an economic potential Every employee
Slide 31: VINCI's social performance in 2020
VINCI’s social performance in 2020 Aiming for global performance and sharing with our stakeholders the benefits of our performance 2 million 75% 21.1% 3,460,872 170,000 % of female managers in Employees and former hours of integration of companies without hours of training provided in 2020 2020 (vs
Slide 32: Aim for a global performance
Aim for a global performance A sustainable economic project is impossible without an ambitious social, workforce-related and environmental commitment. 32
Slide 33: H1 2021 Financial data
VINCI Ws H1 2021 Financial data
Slide 34: Consolidated revenue
Consolidated revenue Δ 2021/2020 Δ 2021/2019 in € million H1 2021 H1 2020 H1 2019 Actual Like-for-like Actual Concessions 2,900 2,592 3,836 +11.9% +12.7% -24.4% VINCI Autoroutes 2,393 1,892 2,608 +26.5% +26.5% -8.2% VINCI Airports 371 592 1,070 -37.3% -36.1% -65.3% Other Concessions 136 108 158 +25.
Slide 35: International: 45% of H1 2021 revenue
International: 45% of H1 2021 revenue France €12.4 bn +30% +1% 55% Central & North America Eastern Europe +11% +7% +12% +34% €0.9 bn €1.6 bn 4% 7% Western Europe (excl. France) +10% +5% €5.1 bn Asia/Middle East/ 23% Oceania +16% stable €1.2 bn Central & Africa 5% South America +59% +8% +15% +5% €0.7
Slide 36: Consolidated revenue - France
Consolidated revenue - France Δ 2021/2020 Δ 2021/2019 in € million H1 2021 H1 2020 H1 2019 Actual Like-for-like Actual Concessions 2,518 2,030 2,855 +24.0% +24.0% -11.8% VINCI Autoroutes 2,393 1,892 2,608 +26.5% +26.5% -8.2% VINCI Airports 81 100 185 -19.0% -19.0% -56.3% Other Concessions 44 38 62 +
Slide 37: Consolidated revenue - International
Consolidated revenue - International Δ 2021/2020 Δ 2021/2019 in € million H1 2021 H1 2020 H1 2019 Actual Like-for-like Actual Concessions 383 562 980 -32.0% -29.7% -61.0% VINCI Airports 290 492 884 -41.0% -39.7% -67.2% Other Concessions 92 70 96 +31.1% +46.3% -4.1% VINCI Energies 3,858 3,496 3,428 +
Slide 38: Income statement
Income statement (in € million) H1 2021 H1 2020 H1 2019 Δ 2021/2020 Δ 2021/2019 FY 2020 Operating income from ordinary activities (Ebit) 1,598 267 2,289 +1,332 -690 2,859 % of revenue 7.1% 1.4% 10.5% 6.6% Share-based payment expense (IFRS 2) (115) (90) (100) (240) Profit/loss of equity-accounted cos
Slide 39: Ebit by business line
Ebit - operating income from ordinary activities by business line % of % of % of Δ Δ in € million H1 2021 H1 2020 H1 2019 revenue* revenue* revenue* 2021/2020 2021/2019 Concessions 944 32.6% 545 21.0% 1,844 48.1% +399 -900 VINCI Autoroutes 1,180 49.3% 701 37.0% 1,407 53.9% +479 -227 VINCI Airports (
Slide 40: Recurring operating income (ROI) by business line
Recurring operating income (ROI) by business line % of in € million H1 2021 % of revenue* H1 2020 H1 2019 % of revenue* Δ 2021/2020 Δ 2021/2019 revenue* Concessions 883 30.4% 474 18.3% 1,954 50.9% +409 -1,071 VINCI Autoroutes 1,176 49.2% 698 36.9% 1,402 53.8% +478 -226 VINCI Airports (293) (78.8%) (
Slide 41: Ebitda
Ebitda % of % of in € million H1 2021 H1 2020 H1 2019 % of revenue* Δ 2021/2020 Δ 2021/2019 revenue* revenue* Concessions 1,879 64.8% 1,502 57.9% 2,692 70.2% +377 -812 o/w VINCI Autoroutes 1,805 75.4% 1,324 69.9% 2,004 76.8% +482 -198 o/w VINCI Airports (3) (0.9%) 140 23.7% 608 56.8% -144 -611 VINCI
Slide 42: Cash flow statement (1/2)
Cash flow statement (1/2) in € million H1 2021 H1 2020 H1 2019 FY 2020 Ebitda 3,132 1,803 3,625 5,919 Change in WCR* and current provisions (735) 471 (1,354) 2,330 Income taxes paid (453) (774) (529) (1,054) Net interest paid (326) (351) (250) (590) Dividends received from companies accounted for un
Slide 43: Cash flow statement (2/2)
Cash flow statement (2/2) in € million H1 2021 H1 2020 H1 2019 FY 2020 Free cash flow (after CAPEX) 381 (182) 316 3,990 Net financial investments and other cash flows (170) (144) (8,041) (370) Cash flow before movements in share capital 211 (326) (7,726) 3,619 Share capital increases and other opera
Slide 44: Positive FCF generation in H1 2021
Positive FCF generation in H1 2021 VINCI free cash flow generation since 2011 5,000 4,000 in € million 3,000 2,000 1,000 0 -1,000 H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 Fu
Slide 45: Operating CAPEX
Operating CAPEX in € million H1 2021 H1 2020 H1 2019 Δ 2021/2020 Δ 2021/2019 FY 2020 Concessions 43 116 79 -73 -36 180 VINCI Autoroutes 13 8 9 +6 +4 22 VINCI Airports* 22 99 64 -77 -42 138 Other Concessions 8 9 6 +1 +2 19 VINCI Energies 86 70 74 +16 +12 164 VINCI Construction 329 299 350 +30 -21 624
Slide 46: Growth CAPEX in concessions and PPPs
Growth CAPEX in concessions and PPPs in € million H1 2021 H1 2020 H1 2019 Δ 2021/2020 Δ 2021/2019 FY 2020 Concessions 426 561 496 -135 -70 1,035 VINCI Autoroutes 361 377 375 -16 -14 731 Of which: ASF 120 192 144 -72 -24 333 Escota 54 52 41 +2 +13 86 Cofiroute 113 88 88 +25 +25 216 Arcos 71 43 99 +28
Slide 47: Consolidated balance sheet
Consolidated balance sheet (in € million) 30 Jun. 2021 31 Dec. 2020 30 Jun. 2020 Non-current assets – concessions 40,527 40,879 41,355 Non-current assets – contracting and other 14,423 14,212 13,973 WCR, provisions and other current assets & liabilities (7,946) (8,833) (6,403) Capital employed 47,00
Slide 48: Change in net financial debt during H1 2021
Change in net financial debt during H1 2021 (in € billions) (18.6) (18.0) Acquisitions/ Dividends and Capex Disposals miscellaneous Interest & (1.3) (0.8) Ebitda Δ Working (0.2) taxes paid 3.1 capital LGW (0.7) requirement (7.7) (0.7) Free cash flow: €381 m vs (€182 m) in H1 2020 and €316m in H1 201
Slide 49: Net financial debt by business line
Net financial debt by business line Of which Of which Of which 30 Jun. 2021 external 31 Dec. 2020 external 30 Jun. 2020 external in € million net debt net debt net debt Concessions (33,465) (19,644) (32,718) (20,409) (33,777) (20,143) VINCI Autoroutes (18,037) (13,336) (18,318) (14,484) (19,668) (14
Slide 50: Maturity of gross financial debt
Maturity of gross financial debt Average maturity of gross financial debt (€27.6 bn) as of 30 June 2021: 7.7 years* 3,500 3,000 2,500 € Million 2,000 1,500 1,000 500 0 H2 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 >2037 Groupe ASF Cofiroute Arcour VINCI Airports
Slide 51: Average cost of future debt repayment
Average cost of future debt repayment H2 2021 2022 2023 2024 2025 2026 Nominal amount in € million 372 2,858 1,708 1,476 1,778 2,124 Average rate* 0.91% 2.09% 1.25% 3.24% 0.59% 2.10% * After hedging ASF Cofiroute VINCI Airports Other concessions Holdings and misc. 51
Slide 52: FY20 key figures
VINCI Ws FY20 key figures
Slide 53: 2020 key figures
VINCI 2020 key figures 217,731 €43.2 bn >100 3,200 >270,000 €50 bn employees Group revenue countries where estimated number estimated number market cap. at VINCI operates of business units of contracts December 31, 2020 Concessions Real estate Contracting Revenue: €5.8 bn Revenue: €1.2 bn Revenue: €
Slide 54: 2020 Group key figures
2020 Group key figures Revenue Ebit Ebitda Free Cash Flow Δ FY 2020/FY 2019 Δ FY 2020/FY 2019 Δ FY 2020/FY 2019 Δ FY 2020/FY 2019 43,234 2,859 5,919 3,990 Data in € million (unless otherwise specified) -10.0% -50.2% -30.3% -5% Net Income Diluted net income/share (€) Dividend proposed (€) Net financi
Slide 55: A growing internationalisation
A growing internationalisation 2010 revenue geographic breakdown 2020 revenue geographic breakdown 2% 4% 10% 5% 6% 7% 3% 5% €33.4 bn €43.2 bn 19% INCREASED EXPOSURE 53% TO INTERNATIONAL 23% 63% 2010 International Revenue CAGR 2010/2020 2020 International Revenue €12.5 bn +5.0% €20.3 bn France Africa
Slide 56: Business line profiles
VINCI Ws Business line profiles
Slide 57: Concessions Profile
Concessions Profile Revenue and Ebitda margin evolution over the last 5 years 2020 revenue by geographical area 8.5 110.0% 105.0% 3% 6.9 7.3 100.0% 4% 6.3 95.0% 90.0% 5% 7.0 5.8 85.0% 80.0% 5% 75.0% France 70.0% 65.0% 68.4% 67.8% 60.0% 55.0% Portugal 68.3% 67.8% 50.0% 3.5 59.8% 45.0% 40.0% €5.8 bn 3
Slide 58: VINCI Autoroutes
VINCI Ws VINCI Autoroutes
Slide 59: Autoroutes key figures
VINCI Autoroutes key figures Change in revenue and Ebitda margin over 5 years 5.3 5.4 5.6 80.0% 5.1 79.0% 4.6 78.0% 5.0 74.7% 77.0% 72.6% 73.0% 72.7% 76.0% 75.0% 74.0% 73.0% 70.0% 72.0% 2.5 71.0% 70.0% 69.0% 68.0% 67.0% 66.0% 0.0 65.0% 2016 2017 2018 2019 2020 Revenue (€bn) Ebitda margin 59
Slide 60: Autoroutes - France's leading toll road concession operator
VINCI Autoroutes - France’s leading Toll Road concession operator A strategic location network 4,443 km approx. 50% >35% GCO* under concession of conceded French of total motorway toll roads network in France Intercity (1) network End of concession Apr. 2036 Feb. 2032 Jun. 2034 Dec. 2086 Dec. 2070 J
Slide 61: Autoroutes - tariff contractually CPI-linked
VINCI Autoroutes - tariff contractually CPI-linked Contractual framework of toll increases (LVs) ASF Escota Cofiroute Intercity Network End of 2036 2032 2034 concession 2021* 0.54% 0.47% 0.30% 70% x i 70% x i 70% x i 2022 to 2023 + 0.39% (2015 toll freeze) + 0.25 % (2015 toll freeze) + 0.10% (2015 t
Slide 62: VINCI Airports
VINCI Ws VINCI Airports
Slide 63: Airports, 1st private airports operator worldwide
VINCI Airports, 1st private airports operator worldwide The most geographically diversified airports operator Passengers traffic1 (millions of pax.) evolution 45* platforms in 12 countries 255 * Excluding the 7 brasilian airports, to be integrated in 2021 195 157 132 69 77 43 47 10 2012 2013 2014 20
Slide 64: Airports in 2020
VINCI Airports in 2020 Revenue and Ebitda margin over the past 5 years Breakdown of seats by destination (FY 2019) 2.6 140.0% 130.0% 120.0% 10% 2,100 110.0% Domestic 1.6 100.0% 35% 90.0% 1.4 80.0% Intra EU 1,400 70.0% 1.1 58.6% 55.7% 1.0 60.0% 40% 50.0% International Short & Mid haul (excl. Intra EU
Slide 65: Airports network (1/2)
VINCI Airports network (1/2) VINCI AIRPORTS VINCI Country Name Description mPAX in 2020 End of concession Traffic risk Consolidation* share London Gatwick Freehold 10.2 - 50% Yes Full consolidation UK Belfast International Freehold 1.7 2993 100% Yes Full consolidation ANA Portugal (10 airports in Li
Slide 66: Airports network (2/2)
VINCI Airports network (2/2) VINCI AIRPORTS VINCI Country Name Description mPAX in 2020 End of concession Traffic risk Consolidation* share Orlando-Sanford Concession 1.5 2039 100% Yes Full consolidation USA 4 airports : Hollywood Burbank Airport in California, Management 2.5 Atlantic City in New Je
Slide 67: VINCI Highways, VINCI Railways and VINCI Stadium
VINCI Highways, VINCI Railways and VINCI Stadium
Slide 68: Other concessions
Other concessions Revenue over the past 5 years Lamsac’s 350 acquisition 319 200.0% (Peru) 298 180.0% 300 258 160.0% 250 235 140.0% 200 120.0% 131 100.0% 150 80.0% 100 48% 49% 60.0% 40.0% 50 44% 43% 20.0% 22% 0 0.0% 2016 2017 2018 2019 2020 Revenue (€m) Ebitda margin 68
Slide 69: Highways - Electronic Toll Collection (ETC) developments
VINCI Highways - Electronic Toll Collection (ETC) developments Managed revenue of ETC in 2020: €53 m (vs €41 m in 2019) Serving about 2 million ETC subscribers worldwide UTS, Russian leader in M50 motorway operation and (Dublin ringroad) toll management SR91 Greece Express Lanes CTRMA CCRMA NTTA Tol
Slide 70: Highways
VINCI Highways VINCI HIGHWAYS End of VINCI Country Type Name Description Traffic risk Consolidation concession share Road Infrastructure Motorway A7 Bockenem-Göttingen 60 km 2047 50% no Equity method Motorway A4 Horselberg 45 km 2037 50% yes Equity method Germany Motorway A9 Thuringia/Bavarian borde
Slide 71: Highways and VINCI Stadium
VINCI Highways and VINCI Stadium Country Type Name Description End of concession VINCI share Traffic risk Consolidation Bridges & Tunnels Tunnel Prado Carénage 2.1 km road tunnel, Marseille 2033 33.3% yes Equity method France Tunnel Prado Sud 1.9 km road tunnel, Marseille 2055 58.5% yes Equity metho
Slide 72: Railways and other concessions
VINCI Railways and other concessions VINCI Railways Country Type Name Description End of concession VINCI share Traffic risk Consolidation Rail GSM-Rail Ground-train communication system on 14,000 km of track 2025 70% no Equity method France Rail SEA High-Speed-Rail 302 km of high-speed rail line be
Slide 73: Non-controlling stakes in concessions
Non-controlling stakes in concessions VINCI share, based on best estimates as of 31.12.2020 Projects consolidated by the equity method In € millions Equity invested Equity to be Equity committed at 31.12.2020 invested Kansai Airports (Japan) 253 253 0 Santiago Airport (Chile) 196 173 23 VIA 40 (Colo
Slide 74: Contracting
VINCI Ws Contracting
Slide 75: Contracting profile
Contracting profile Revenue and Ebit margin evolution over the last 5 years 2020 revenue by geographical area 38.9 40.0 31.5 35.8 36.9 8.0% 7.5% France 11% 32.8 7.0% 6.5% Germany 4% Est. Revenue Non 6.0% Public 4.1% 5.5% UK 6% split public 4.3% 5.0% 4.5% 20.0 4.0% France 20% 27% 3.5% Central & Easte
Slide 76: VINCI Energies: making digital transformation and energy transition a reality
VINCI Energies: making digital transformation and energy transition a reality Revenue and Ebit margin over the past 5 years 2020 revenue by geographical area France Americas 13.7 13.7 1,800 5% 3% 5% Germany Africa 12.6 8.0% Est. Business Units Scandinavia RoW 12.0 10.8 7.5% 10.2 Rest of Europe 7.0%
Slide 77: VINCI Construction: France's leading construction company and a major global player
VINCI Construction*: France’s leading construction company and a major global player * In addition to its construction activities, VINCI Construction includes Eurovia since January 2021 Revenue and Ebit margin over the past 5 years 2020 revenue by geographical area 9.0% 4% 8.5% 7% 13.7 14.0 14.2 14.
Slide 78: Eurovia: developing sustainable mobility solutions for communities
Eurovia*: developing sustainable mobility solutions for communities * In addition to its construction activities, VINCI Construction includes Eurovia since January 2021. 2020 revenue by geographical area Revenue and Ebit margin over the past 5 years France USA 6% 2% 10.2 9.6 7.0% Germany Canada 9.0
Slide 79: The Grand Paris Express project
The Grand Paris Express project €9.5 bn attributed as of December 2020, o/w around €2.7 bn to VINCI entities Line 17 4 new metro lines around Paris and 2 line extensions Around Line 15 Line 11 Line 16 €35 bn 200 km 68 Automatic New stations Construction metro lines budget* Line 15 Line 14 Expected c
Slide 80: VINCI Immobilier
VINCI Ws VINCI Immobilier
Slide 81: Immobilier
VINCI Immobilier Revenue over the past 5 years 2020 reservations by destination 1.3 €1.4 bn Buy to let private 1.1 1.2 2020 managed revenue* investors 17% 0.9 0.8 Social, 41% Presence in Institutional 6,120 23 Private owners 22% Cities in France 2016 2017 2018 2019 2020 (+ in Monaco and Poland) 20%
Slide 82: Notes
Notes VINCI “_ i eeeeeeereerrrrrr—“‘ti‘s:SCSsSCSCSCSCSCSCSCSstsSEES
Slide 83: IR team and agenda
IR team and agenda TEAM AGENDA 4 February 2022 Grégoire THIBAULT Boris VALET Head of investor relations Deputy-head of investor relations VINCI FY 2022 results publication gregoire.thibault@vinci.com boris.valet@vinci.com Tel: +33 1 47 16 45 07 Tel: +33 1 47 16 33 45 Walid LOUNIS Aurélie GODIN 12 Ap