Vinci SA · EURONEXT:DG
Vinci SA — 9M 2022 Earnings Presentation
82 slides from Vinci SA's earnings presentation, November 2022
Slide 1: First nine months 2022 highlights
First nine months 2022 highlights VINCI signed an agreement to purchase a 29.99% stake in OMA, the concessionaire company of 13 airports in Mexico
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 2022 highlights
VINCI Ws First 9M 2022 highlights
Slide 4: 9M 2022 highlights
9M 2022 highlights Solid Firm operating performance operational across performance in all all business lines divisions VINCI Autoroutes: traffic above pre-pandemic levels VINCI Airports: continued recovery in passenger numbers VINCI Energies, Cobra IS and VINCI Construction: firm business and order
Slide 5: Q3 2022 consolidated revenue
Q3 2022 consolidated revenue Δ 2022/2021 in € million Q3 2022 Q3 2021 Actual Comparable * Concessions 2,834 2,253 +26% +23% VINCI Autoroutes 1,789 1,761 +1.6% +1.6% VINCI Airports 901 407 2.2x 2.1x ** Other Concessions 144 85 +69% +34% VINCI Energies 4,159 3,706 +12% +9.1% Cobra IS 1,440 VINCI Const
Slide 6: 9M 2022 consolidated revenue
9M 2022 consolidated revenue Δ 2022/2021 in € million Q3 2022 Q3 2021 Actual Comparable * Concessions 6,995 5,153 +36% +34% VINCI Autoroutes 4,604 4,154 +11% +11% VINCI Airports 2,028 778 2.6x 2.5x ** Other Concessions 363 221 +64% +43% VINCI Energies 11,914 10,868 +9.6% +6.8% Cobra IS 4,108 VINCI C
Slide 7: 9M 2022 consolidated revenue change by division
9M 2022 consolidated revenue change (vs 9M 2021) by division Real Concessions VINCI Energies Cobra IS VINCI Construction Estate vs 9M 2021 +€1,842 m +35.8% +€1,046 m +9.6% +€4,108 m +€2,244 m +11.7% +€22 m +2.0% Organic Scope FX Organic Scope FX Scope Organic Scope FX Organic €45,220 m +1.0% +2.2% +
Slide 8: 9M 2022 consolidated revenue change by geographical area
9M 2022 consolidated revenue change (vs 9M 2021) by geographical area France International vs 9M 2021 +€1,503 m +7.8% +€7,872 m +47.8% Organic Scope Organic Scope FX €45,220 m +3.6% +27.3% €35,845 m +0.5% +16.9% +2.7% excluding the impact +7.3% of the acquisition of Cobra IS Total VINCI Group revenu
Slide 9: Autoroutes: 9M 2022 key takeaways
VINCI Autoroutes: 9M 2022 key takeaways Autonomous car tests organised in the A86 duplex tunnel near Paris ▪ Revenue: €4,604 m (+11% vs 9M 21, +7% vs 9M 19) ▪ Traffic levels in 9M 22: +2.3% vs 9M 19 ✓ HV +5.5% ✓ LV +1.8% ▪ Resilient traffic levels in Q3 22 despite higher fuel prices (+2.5% vs Q3 19,
Slide 10: Autoroutes: traffic above 2019 levels
VINCI Autoroutes: traffic above 2019 levels Change in VINCI Autoroutes quarterly traffic levels in 2020, 2021 and 2022 (vs. 2019) 10% 9M 2022 traffic up 2.3% 0% vs 9M 2019 -10% -20% -30% +1.8% Of -40% which: +5.5% -50% -60% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 2020 2021
Slide 11: Autoroutes traffic details
VINCI Autoroutes traffic details 9M 2022 VINCI Autoroutes traffic VINCI Autoroutes – Rolling twelve months traffic over 10 years Total CAGR Q3 2022/ Δ 9M 2022/9M 2021 Δ 9M 2022/9M 2021 Δ 9M 2022/9M 2021 130 Q3 2012 Δ 9M 2022/9M 2019 Δ 9M 2022/9M 2019 Δ 9M 2022/9M 2019 125 HV +2.3% +9.2% +10.3% +3.0%
Slide 12: Airports: 9M 2022 key takeaways
VINCI Airports: 9M 2022 key takeaways Commissioning of a 3 MW solar PV farm in Faro (Portugal), producing ▪ Revenue: €2,028 m (2.6x 9M 21, -13% vs 9M 19 at constant perimeter) 30% of the airport’s electricity needs ▪ Continued recovery in passenger numbers in Q3 22: down 22% vs Q3 19 (after -46% in
Slide 13: Airports: continued recovery in passenger numbers
VINCI Airports: continued recovery in passenger numbers in almost all platforms of the network Change in VINCI Airports monthly passenger numbers in 2020, 2021 and 2022 (vs. 2019) 9M 2022 (vs 9M 2019) -31% 20% +4% 0% Dom. Rep. -20% -8% Portugal -40% -28% France -60% -32% -80% London Gatwick -100% -6
Slide 14: Airports 9M traffic details
VINCI Airports 9M traffic details 9M Change Change Passenger traffic (in thousands of pax) 2022 9M 22 / 9M 21 9M 22/9M 19 Portugal (ANA) 42,003 2.8x -8.5% o/w Lisbonne 20,845 2.9x -12% United Kingdom 28,473 6.3x -31% o/w LGW 24,706 7.9x -32% France 11,526 2.1x -27% o/w ADL 6,350 2.2x -30% Cambodia 1
Slide 15: Other concessions in 9M 2022
Other concessions in 9M 2022: VINCI Highways, VINCI Railways, VINCI Stadium Revenue Δ 9M 2022/9M 2021 ▪ Strait Crossing Development Inc (concessionaire of the Confederation bridge in Canada) and TollPlus (a technology solutions provider for mobility infrastructures) are both fully € 363 m consolidat
Slide 16: Energies: 9M 2022 key takeaways
VINCI Energies: 9M 2022 key takeaways Acquisition of a major portion of the IT services business of Kontron AG (ex S&T AG) ▪ 9M 22 revenue: €11,914 m (+10% vs 9M 21, +7% lfl): ✓ France revenue up 8% (+7% lfl), fuelled by all business segments (Industry, Building solutions, Infrastructure and ICT) ✓
Slide 17: Cobra IS: 9M 2022 key takeaways
Cobra IS: 9M 2022 key takeaways 2 contracts for high-voltage transmission lines awarded in Brazil (>€1 bn works) ▪ 9M 22 revenue: €4,108 m ✓ Good momentum in flow-business – particularly in Spain, Portugal, Mexico and Peru – as well as in EPC projects ✓ 46% of the revenue coming from Spain, 35% from
Slide 18: Construction: 9M 2022 key takeaways
VINCI Construction: 9M 2022 key takeaways VINCI Construction awarded the contract to build the foundations of a major property development in Hong Kong’s Central business district ▪ 9M 22 revenue: €21,491 m (+12% vs 9M 21, +9% lfl) ✓ France revenue up 4% (both actual and lfl), driven by well oriente
Slide 19: Increase in order intake vs 9M 21
Increase in order intake vs 9M 21, fuelled by good performance in flow business VINCI Construction and VINCI Energies order intake at €34.6 bn (+6% yoy) Cobra IS order intake at €6.5 bn By business lines (in € billion) By geographical area (in € billion) 41.1 41.1 +26% +26% 33.3 -2% 6.5 33.3 -2% 32.
Slide 20: Order book up 2% yoy
Order book up 2% yoy (excl. Cobra IS), allowing the Group to continue being selective in taking on new business International accounts for 68% of the order book, of which: Europe excl. France: 38% Rest of world: 30% By business lines (in € billion) By geographical area (in € billion) +9% 57.4 +9% 57
Slide 21: Immobilier: 9M 2022 key takeaways
VINCI Immobilier: 9M 2022 key takeaways Inauguration of «Carré de l’Arsenal», a residential property development project in a 17 ha eco-district in Rueil-Malmaison, built on a former brownfield land ▪ Consolidated revenue: €1,103 m (+2% vs 9M 21): ✓ Revenue up 5% including the share of the Group in
Slide 22: Financial policy: substantial liquidity
Financial policy: substantial liquidity Very high level of liquidity Strong credit rating despite the acquisition of Cobra IS (end 2021) 19.5 S&P A- Outlook stable 17.9 Affirmed for VINCI in March 2022 11.5 7.4 Moody’s A3 Outlook stable Affirmed for VINCI in May 2022 * Debt refinancing in good marke
Slide 23: Financial policy: optimising the average cost of debt
Financial policy: optimising the average cost of debt in a more challenging environment / tightening of borrowing conditions Gross financial debt cost over the past 5 years (average rate) Breakdown of debt by currency 2.7% 2.4% 27% FY 2017 2.3% 2.3% 2.1% 58% 30 Jun. £ FY 2018 FY 2019 FY 2020 2.1% €
Slide 24: 2022 guidance confirmed
2022 guidance confirmed ✓ The good performance achieved over the first nine months of the year – despite geopolitical, economic and pandemic-related uncertainty - confirms VINCI outlook, which expects the net income in 2022 to be higher than the 2019 figure Concessions Energy Construction VINCI Ener
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Slide 26: Appendices
VINCI Ws Appendices
Slide 27: Other information
VINCI Ws Other information
Slide 28: Aiming for an all-round performance
Aiming for an all-round performance « A sustainable economic project is impossible without an ambitious social, workforce-related and environmental commitment. » 28
Slide 29: VINCI's businesses at the heart of the world's challenges
VINCI’s businesses at the heart of the world’s challenges VINCI Construction VINCI Energies Cobra IS VINCI Autoroutes VINCI Airports Strong growth drivers 29
Slide 30: VINCI's environmental ambition and 2021 performance
VINCI’s environmental ambition and 2021 performance Optimize resources Preserve natural Act for the thanks to circular Climate environments economy Ambition 2030 Ambition 2030 Ambition 2030 -40% greenhouse gas emissions vs 2018 (scope 1 & 2) 90% low carbon concrete used no net loss Towards No net lo
Slide 31: VINCI's social performance in 2021
VINCI’s social performance in 2021 Aiming for global performance and sharing with our stakeholders the benefits of our performance 2 million 73% 21.6% 4,132,250 198,000 of companies without lost-time of female managers in hours of training provided in 2021 Employees eligible to hours of integration
Slide 32: VINCI's strategy
VINCI’ strategy Long cycles/significant equity investments Short cycles/low equity investments CONCESSIONS CONSTRUCTION & ENERGY ✓ Extension of the portfolio’s average maturity ✓ Prioritise margin over revenue growth ✓ Rigorous risk monitoring / Selective approach to ✓ Strengthening of the group’s f
Slide 33: Dividend per share
Dividend 15 November 2022 2022 interim dividend per share €1.0 Ex-date (all-cash) per share 17 November 2022 Payment date Dividend per share since 2012 (in €) 3.05 * 2.90 2.67 2.45 2.22 2.10 2.04 2.04 1.77 1.77 1.84 Total dividend (–) interim dividend Interim dividend 1.0 Special dividend linked to
Slide 34: Recent developments
Recent developments VINCI Airports VINCI Energies ✓ July: signature of a 40-year concession ✓ August: acquisition of a major agreement for 7 airports in Cape Verde portion of the IT services archipelago (2.8 mPax in 2019). Closing business of Kontron AG, expected by mid-2023. bolstering VINCI Energi
Slide 35: Shareholder base at December 2021
Shareholder base at 31 December 2021 Rest of the World Rest of Europe 16.5% 6.0% Individual investors 7.6% 15.0% Employees Institutional United Kingdom investors 592.4 m 9.9% 74.6% shares 3.8% Qatar Holding LLC 4.2% Treasury shares 23.4% North America 13.7% France Shareholding structure* ✓ Over 900
Slide 36: H1 2022 Financial Data
VINCI Ws H1 2022 Financial Data
Slide 37: Consolidated revenue
Consolidated revenue Δ 2022/2021 in € million H1 2022 H1 2021 Actual Like-for-like Concessions* 4,161 2,900 +43.5% +41.5% VINCI Autoroutes 2,816 2,393 +17.7% +17.7% VINCI Airports 1,126 371 +203.4% +188.6% Other concessions** 219 136 +61.1% +48.3% VINCI Energies 7,755 7,162 +8.3% +5.6% Cobra IS 2,66
Slide 38: International: 53% of H1 2022 revenue
International: 53% of H1 2022 revenue France €13.5 bn +9% 47% Central & North America Eastern Europe +9% +25% €1.0 bn €2.0 bn 4% 7% Western Europe (excl. France) +57% €8.0 bn Asia/Middle East/ 28% Oceania +34% €1.6 bn Central & Africa 6% South America +150% +6% €0.8 bn €1.6 bn 6% 3% H1 2022/H1 2021
Slide 39: Consolidated revenue - France
Consolidated revenue - France Δ 2022/2021 in € million H1 2022 H1 2021 Actual Like-for-like Concessions* 3,049 2,518 +21.1% +21.1% VINCI Autoroutes 2,816 2,393 +17.7% +17.7% VINCI Airports 161 81 +99.4% +99.4% Other concessions** 72 44 +63.8% +63.8% VINCI Energies 3,525 3,305 +6.7% +5.7% Cobra IS 19
Slide 40: Consolidated revenue - International
Consolidated revenue - International Δ 2022/2021 in € million H1 2022 H1 2021 Actual Like-for-like Concessions* 1,112 383 +190.8% +170.6% VINCI Airports 965 290 +232.3% +212.6% Other concessions** 147 92 +59.8% +41.4% VINCI Energies 4,230 3,858 +9.7% +5.5% Cobra IS 2,649 VINCI Construction 7,064 6,0
Slide 41: Income statement
Income statement (in € million) H1 2022 H1 2021 Δ 2022/2021 FY 2021 Operating income from ordinary activities (Ebit) 2,890 1,598 +1,291 4,723 % of revenue 10.1% 7.1% 9.6% Share-based payment expense (IFRS 2) (138) (115) (288) Profit/loss of equity-accounted cos. & miscellaneous 25 (15) 29 Recurring
Slide 42: Ebit by business line
Ebit - operating income from ordinary activities by business line in € million H1 2022 % of revenue* H1 2021 % of revenue* Δ 2022/2021 Concessions 1,899 45.6% 944 32.6% +955 VINCI Autoroutes 1,482 52.6% 1,180 49.3% +302 VINCI Airports 380 33.8% (251) (67.6%) +631 Other concessions 37 15 +22 VINCI En
Slide 43: Recurring operating income by business line
Recurring operating income (ROI) by business line % of % of in € million H1 2022 H1 2021 Δ 2022/2021 revenue* revenue* Concessions 1,877 45.1% 883 30.4% +994 VINCI Autoroutes 1,475 52.4% 1,176 49.2% +299 VINCI Airports 363 32.2% (293) (78.8%) +656 Other concessions 39 (1) +39 VINCI Energies 455 5.9%
Slide 44: Ebitda
Ebitda % of % of in € million H1 2022 H1 2021 Δ 2022/2021 revenue* revenue* Concessions 2,842 68.3% 1,879 64.8% +963 o/w VINCI Autoroutes 2,114 75.1% 1,805 75.4% +309 o/w VINCI Airports 632 56.1% (3) (0.9%) +635 VINCI Energies 618 8.0% 518 7.2% +100 Cobra IS 234 8.8% VINCI Construction 578 4.3% 555
Slide 45: Cash flow statement (1/2)
Cash flow statement (1/2) in € million H1 2022 H1 2021 FY 2021 Ebitda 4,526 3,132 7,884 Change in WCR* and current provisions (2,581) (735) 1,579 Income taxes paid (771) (453) (1,213) Net interest paid (273) (326) (557) Dividends received from companies accounted for under the equity method 48 37 11
Slide 46: Cash flow statement (2/2)
Cash flow statement (2/2) in € million H1 2022 H1 2021 FY 2021 Free cash flow (after CAPEX) (281) 381 5,282 Net financial investments and other cash flows (748) (170) (4,643)* Cash flow before movements in share capital (1,029) 211 639 Share capital increases and other operations 378 605 721 Dividen
Slide 47: Slightly negative FCF generation in H1 2022
Slightly negative FCF generation in H1 2022, not representative of full-year performance due to seasonal effects 6,000 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 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 20
Slide 48: Operating CAPEX
Operating CAPEX in € million H1 2022 H1 2021 Δ 2022/2021 FY 2021 Concessions 58 43 +15 77 VINCI Autoroutes 13 13 -0 23 VINCI Airports* 41 22 +19 44 Other concessions 4 8 -3 9 VINCI Energies 81 86 -4 182 Cobra IS 56 - +56 - VINCI Construction 368 329 +40 758 VINCI Immobilier and holdings 53 131 -78 1
Slide 49: Growth CAPEX in concessions and PPPs
Growth CAPEX in concessions and PPPs in € million H1 2022 H1 2021 Δ 2022/2021 FY 2021 Concessions 352 426 -74 841 VINCI Autoroutes 288 361 -73 677 Of which: ASF 105 120 -15 230 Escota 77 54 +23 120 Cofiroute 100 113 -14 224 Arcos 6 71 -65 95 VINCI Airports 65 68 -3 163 Other concessions (1) (2) +1 1
Slide 50: Consolidated balance sheet
Consolidated balance sheet (in € million) 30 Jun. 2022 31 Dec. 2021 30 Jun. 2021* Non-current assets – Concessions 40,616 40,437 40,527 Non-current assets – Energy, Construction and other 20,673 19,976 14,423 WCR, provisions and other current assets & liabilities (8,416) (11,621) (7,946) Capital emp
Slide 51: Change in net financial debt during H1 2022
Change in net financial debt during H1 2022 (in € billions) Free cash flow: €(281) m vs €381 m in H1 2021 and €316 m in H1 2019 (22.1) (19.3) Dividends/Share Acquisitions / buy back & Capex Disposals miscellaneous Interests & (1.2) (0.7) taxes paid (1.8) EBITDA ∆ Working capital (1.0) 4.5 requiremen
Slide 52: Net financial debt by business line
Net financial debt by business line Of which Of which Of which in € million 30 Jun. 2022 external 31 Dec. 2021 external 30 Jun. 2021 external net debt net debt net debt Concessions (32,360) (19,453) (32,693) (19,664) (33,465) (19,644) VINCI Autoroutes (17,088) (13,257) (18,008) (13,296) (18,037) (13
Slide 53: Maturity of LT gross financial debt
Maturity of LT gross financial debt Average maturity of LT gross financial debt (€28.2 bn) as of 30 June 2022: 6.9 years* 3,000 2,500 2,000 € Million 1,500 1,000 500 0 H2 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 >2038 Groupe ASF Cofiroute Arcour Arcos VINCI Air
Slide 54: Average cost of future debt repayments
Average cost of future debt repayments H2 2022 2023 2024 2025 2026 2027 Nominal amount in € million 2,304 2,132 1,600 1,821 2,160 2,537 Average rate* 3.01% 2.66% 3.19% 0.85% 2.36% 1.19% * After hedging 54
Slide 55: FY21 Key figures
VINCI Ws FY21 Key figures
Slide 56: VINCI 2021 key figures
VINCI 2021 key figures* €49.4 bn >100 ~3,200 >260,000* >270,000 €55 bn Group revenue countries where number of employees number of market cap. at (incl. holdings) VINCI operates business units contracts 31 December 2021 Concessions Energy Construction Real Estate Revenue: €7.0 bn Revenue: €15.1 bn R
Slide 57: FY 2021 Group key figures
FY 2021 Group key figures Revenue Ebit Ebitda* Free cash flow Δ FY 2021/FY 2020 Δ FY 2021/FY 2020 Δ FY 2021/FY 2020 Δ FY 2021/FY 2020 Δ FY 2021/FY 2019 Δ FY 2021/FY 2019 Δ FY 2021/FY 2019 Δ FY 2021/FY 2019 Data in € million (unless otherwise specified) 49,396 4,723 7,884 5,282 +14% +1,864 +1,965 +1,
Slide 58: A growing international presence
A growing international presence 2011 revenue geographic breakdown 2021 revenue geographic breakdown 11% 5% 3%3% 5% 7% 3% 5% €37.0 bn €49.4 bn 19% INCREASED INTERNATIONAL 53% 64% EXPOSURE 23% 2011 Revenue CAGR 2011/2021 2021 Revenue France €23.6 bn +1.1% €26.3 bn International €13.4 bn +5.6% €23.1 b
Slide 59: Business line profiles
VINCI Ws Business line profiles
Slide 60: Concessions Profile
Concessions Profile Revenue and Ebitda margin over the last 5 years 2021 revenue by geographical area 8.5 7.3 7.0 5% 2% 6.9 4% 5.8 6% France 67.8% 68.4% 67.8% 66.4% Portugal 59.8% €7.0 bn UK Americas RoW 2017 2018 2019 2020 2021 83% Revenue (€bn) EBITDA margin 79% 17% VINCI HIGHWAYS, VINCI RAILWAYS
Slide 61: Concessions capex forecasts
Concessions capex forecasts* In € million 1,400 1,200 1,000 800 VINCI Airports (incl. London Gatwick) VINCI Autoroutes** 600 400 200 0 2022e 2023e 2024e * As of 30 June 2022 and including fully consolidated assets only ** Excluding capex related to the Montpellier Western bypass 61
Slide 62: VINCI Autoroutes
VINCI Ws VINCI Autoroutes
Slide 63: Autoroutes - France's leading toll road concession operator
VINCI Autoroutes - France’s leading toll road concession operator A strategically located 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. 207
Slide 64: Autoroutes - contractually CPI-linked tariffs
VINCI Autoroutes - contractually CPI-linked tariffs Contractual framework of toll increases (LVs) ASF Escota Cofiroute Intercity Network End of 2036 2032 2034 concession 2022* 2.19% 2.05% 1.90% 70% x i 70% x i 70% x i 2023 + 0.39% (2015 toll freeze) + 0.25 % (2015 toll freeze) + 0.10% (2015 toll fre
Slide 65: VINCI Airports
VINCI Ws VINCI Airports
Slide 66: Airports, the world's largest private-sector airport operator
VINCI Airports, the world’s largest private-sector airport operator The most geographically diversified airport operator Passengers traffic1 (millions of pax.) 52* platforms in 11* countries 255 195 157 132 77 86 69 43 47 10 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1 Data at 100% irrespecti
Slide 67: Airports in 2021
VINCI Airports in 2021 Revenue and Ebitda margin over the past 5 years Traffic breakdown by segment* (FY 2019) 2.6 1% Tourism/Leisure 56% VFR (Visiting Friends & Relatives) 1.6 21% 1.4 Business 1.2 1.0 58.6% Other 57.3% 55.7% 22% 32.4% 14.7% 2017 2018 2019 2020 2021 * Estimates based on internal sur
Slide 68: Airports network (1/2)
VINCI Airports network (1/2) VINCI AIRPORTS End of VINCI Traffic Country Name Description mPAX in 2019 mPAX in 2021 Consolidation concession share risk London Gatwick Freehold 46.6 6.3 - 50% Yes Full consolidation UK Belfast International Freehold 6.3 2.3 2993 100% Yes Full consolidation ANA Portuga
Slide 69: Airports network (2/2)
VINCI Airports network (2/2) VINCI AIRPORTS End of VINCI Traffic Country Name Description mPAX in 2019 mPAX in 2021 Consolidation concession share risk Orlando-Sanford Concession 3.3 2.4 2039 100% Yes Full consolidation USA 4 airports : Hollywood Burbank Airport in California, Atlantic Management Ci
Slide 70: VINCI Highways, VINCI Railways and VINCI Stadium
VINCI Highways, VINCI Railways and VINCI Stadium
Slide 71: Other concessions
Other concessions Revenue over the past 5 years 319 309 298 258 235 48% 49% 57% 44% 43% 2017 2018 2019 2020 2021 Revenue (€m) EBITDA margin Main fully consolidated entities Revenue € million FY 2021 FY 2020 Lima Expresa (Peru) 90 73 Rion Antirion bridge (Greece) 49 33 MESEA (Tours-Bordeaux high-spee
Slide 72: 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 73: 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 34.2% yes Equity method France Tunnel Prado Sud 1.9 km road tunnel, Marseille 2055 58.5% yes Equity metho
Slide 74: 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 16,000 km of track 2025 70% no Equity method France Rail SEA High-Speed-Rail 302 km of high-speed rail line be
Slide 75: Energy & Construction
VINCI Ws Energy & Construction
Slide 76: Energies: making energy transition and digital transformation a reality
VINCI Energies: making energy transition and digital transformation a reality Revenue and Ebit margin over the past 5 years 2021 revenue by geographical area France Americas 15.1 3%4% Germany Africa 13.7 13.7 6% 12.6 Scandinavia RoW 10.8 Rest of Europe 1,800 22% €15.1 bn 44% 6.5% Business Units 5.7%
Slide 77: Construction: France's leading construction company
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 2021 revenue by geographical area 25.1 * 26.3 22.1 23.2 23.1 * 4%2%
Slide 78: The Grand Paris Express project
The Grand Paris Express project €4.6 bn attributed to VINCI entities as of December 2021 4 new metro lines around Paris and 2 line extensions Around €35 bn 200 km 68 Automatic New stations Construction metro lines budget* Expected completion in 2030 Works by VINCI entities * source: Société du Grand
Slide 79: VINCI Immobilier
VINCI Ws VINCI Immobilier
Slide 80: Immobilier
VINCI Immobilier Revenue over the past 5 years 2021 reservations by destination 1.6 €2.0 bn 1.3 2021 managed revenue* Buy to let private 1.2 investors 29% 1.1 0.9 37% Social, Presence in Institutional 7,325 23 Cities in France 2017 2018 2019 2020 2021 (+ in Monaco and Poland) 23% 11% Private owners
Slide 81: Notes
Notes VINCI “_ i eeeeeeereerrrrrr—“‘ti‘s:SCSsSCSCSCSCSCSCSCSstsSEES
Slide 82: IR team and agenda
IR team and agenda TEAM 16 November 2022 VINCI Autoroutes and VINCI Airports traffic Grégoire THIBAULT Boris VALET in October 2022 Head of investor relations Investor relations officer gregoire.thibault@vinci.com boris.valet@vinci.com December 2022 Tel: +33 1 57 98 63 84 Tel: +33 1 57 98 62 84 14 VI