Vinci Sa · EURONEXT:DG
Vinci Sa — 9M 2020 Earnings Presentation
86 slides from Vinci Sa's earnings presentation, 2020
Slide 1: First nine months 2020 highlights
First nine months 2020 highlights VINCI awarded contract for the rehabilitation of Louis Hippolyte Lafontaine Tunnel, Montreal
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 nine months 2020 Highlights
First nine months 2020 Highlights
Slide 4: 9M 2020 highlights
9M 2020 highlights Most business lines returning to normal in Q3, after being hit hard in Q2 by lockdowns in France and many other countries. First nine months revenue €30.8 bn (-12%) Close to full capacity at VINCI Energies, Eurovia and VINCI Construction Order book remained at an all-time high of
Slide 5: Q3 2020 consolidated revenue
Q3 2020 consolidated revenue Δ 2020/2019 € in millions Q3 2020 Q3 2019 Actual Comparable Concessions 1,923 2,657 -27.6% -27.4% VINCI Autoroutes 1,633 1,680 -2.8% -2.8% VINCI Airports 226 896 -74.7% -74.5% Other Concessions 63 82 -22.7% -20.5% Contracting 10,234 10,336 -1.0% -1.4% VINCI Energies 3,45
Slide 6: 9M 2020 consolidated revenue
9M 2020 consolidated revenue Δ 2020/2019 € in millions 9M 2020 9M 2019 Actual Comparable Concessions 4,515 6,493 -30.5% -33.2% VINCI Autoroutes 3,526 4,288 -17.8% -17.8% VINCI Airports 818 1,965 -58.4% -63.4% Other Concessions 171 240 -28.6% -27.4% Contracting 25,990 28,073 -7.4% -8.5% VINCI Energie
Slide 7: 9M 2020 consolidated revenue change by division
9M 2020 consolidated revenue change by division Concessions Real Estate Contracting €4,515 m -30.5% €749 m -7.6% €25,990 m -7.4% €34,857 m Organic Scope FX Organic Organic Scope FX €30,778 m -33.2% +2.8% -0.1% -7.6% -8.5% +1.7% -0.6% Total VINCI Group 9M 2019 -11.7% -13.2% +2.0% -0.5% 9M 2020 Organi
Slide 8: 9M 2020 consolidated revenue change by geographical area
9M 2020 consolidated revenue change by geographical area France International €16,300 m -15.5% €14,478 m -6.9% €34,857 m Organic Organic Scope Scope FX €30,778 m -16.0% +0.5% -9.8% +4.0% -1.1% Total VINCI Group 9M 2019 -11.7% -13.2% +2.0% -0.5% 9M 2020 Organic Scope FX Revenue change 8
Slide 9: VINCI Autoroutes: 9M 2020 key takeaways
VINCI Autoroutes: 9M 2020 key takeaways VINCI Autoroutes: leading a « Low-carbon motorway » project in the ▪ Revenue: €3,526 m (-17.8% actual and lfl*) south of France ▪ Strong traffic recovery in Q3 (-4.3%) after -52% in Q2 due to travel limitations in France during the lockdown ✓ Resilient HV traf
Slide 10: VINCI Airports: 9M 2020 key takeaways
VINCI Airports: 9M 2020 key takeaways VINCI Airports: enhancement project of Sihanoukville airport (Cambodia) ▪ Revenue: €818 bn ( -58.4% actual; -63.4% lfl) ▪ Passenger numbers trends* : -79% in Q3 after -96% in Q2 ✓ 15 mpax across the VINCI Airports network ✓ Steady recovery during the summer peri
Slide 11: Other concessions: 9M 2020 key takeaways
Other concessions: 9M 2020 key takeaways VINCI Highways: renewal of the service contract for the 91 Express Lanes in California for 7 years (US) ▪ Revenue: €171 m (-28.6% actual; -27.4% lfl) ▪ Main assets: ✓ Lima Expresa (ex-Lamsac) in Peru ✓ Gefyra (Rion-Antirion bridge in Greece) ✓ Mesea (maintena
Slide 12: VINCI Energies: 9M 2020 key takeaways
VINCI Energies: 9M 2020 key takeaways AC/DC converter station (Normandy) of the 230-km interconnector between southern England and northern France ▪ Revenue: €9,586 m (-2.2% actual, -6.3% lfl) ▪ Business levels are returning to normal at VINCI Energies, which is showing its resilience in particularl
Slide 13: Eurovia: 9M 2020 key takeaways
Eurovia: 9M 2020 key takeaways N.C. 540 Triangle Expressway in North Carolina (US) ▪ Revenue: €6,894 m (-7.7% actual, -7.2% lfl) ▪ Upturn in revenue in Q3 (-1% lfl) vs -19% in Q2 ✓ France: worksites shut down almost completely during lockdown. Resumption in on-site activity began in mid- April and a
Slide 14: VINCI Construction: 9M 2020 key takeaways
VINCI Construction: 9M 2020 key takeaways Metro line 4 in Copenhagen (Denmark) ▪ Revenue: €9,511 m (-12.0% actual, -11.5% lfl) ▪ Resumption in worksite activity accelerated in Q3 (revenue down 1% lfl) vs -28% in Q2 ✓ France: almost all worksites shut down on 17 March, when lockdown began, before reo
Slide 15: Contracting order intake
Contracting order intake Order intake up 4% at the end of September 2020 Breakdown by business lines (in €bn) Breakdown by geographical area (in € bn) +4% +4% 31.9 33.3 33.3 31.9 12.4 10.8 +14% +20% 14.9 15.2 10.3 19.0 13.5 16.7 8.7 8.7 7.1 -12% 7.6 -6% 16.7 Stable 14.9 15.2 10.8 11.0 12.4 10.8 14.3
Slide 16: VINCI Immobilier: 9M 2020 key takeaways
VINCI Immobilier: 9M 2020 key takeaways « L’archipel », the future VINCI’s headquarters in Nanterre ▪ Consolidated revenue: €749 m (-7.6% actual and lfl) ▪ Q3 revenue fell 8.2% (vs -29% in Q2): revenue suffered from the shutdown of building sites for more than a month ▪ Housing units reservations in
Slide 17: Very strong liquidity
Very strong liquidity 18.5 15.9 Data in € billion 14.7 6.6 Unused confirmed bank credit 6.8 facility 5.1 0.6 Net cash managed 1.3 0.8 Commercial paper (Neu CP) 8.3 8.3 11.3* 30 Sept. 2019 31 Dec. 2019 30 Sept. 2020 *including €8.0 billion due to expire in November 2024 and a €3.3 billion credit faci
Slide 18: Financial policy
Financial policy Breakdown of debt by currency Debt refinancing in excellent market conditions In H1 2020, €1.6 bn debt reimbursed, of which 27% a €750m bond issued by VINCI SA in 2012, carrying a coupon of 3.4% 57% a €650m bond issued by ASF in 2010, carrying a coupon of 4.1% € 30 June £ 2020 In Ma
Slide 19: VINCI Autoroutes: quick normalisation of traffic
VINCI Autoroutes: quick normalisation of traffic, now close to 2019 level VINCI Autoroutes monthly change in traffic 2020 (vs 2019) 20% 0% -20% -40% -60% -80% -100% Janv. Jan. Fev. Feb. Mars March Avr. Apr. Mai May Juin Jun. Juil. Jul. Aout Aug. Sept. Sept. LV HV Total 19
Slide 20: Airports: summer passenger numbers interrupted in September
VINCI Airports: slightly positive summer development in passenger numbers, interrupted in September due to the renewed spread of the pandemic Breakdown of seats by destination (FY 2019) VINCI Airports monthly passenger numbers* change 2020 (vs 2019) 10% Domestic 35% 0% Intra EU 40% International Sho
Slide 21: Contracting order book at an all-time high level
Contracting order book at an all-time high level Order book up 15% year on year; International accounts for 59% Breakdown by business lines (in € bn) Breakdown by geographical area (in € bn) +15% Δ Sept.20/ +15% Δ Sept.20/ 42.8 Sept.19 Sept.19 42.8 37.3 36.5 37.3 36.5 10.8 -3% 24.2 +25% 11.1 -1% 11.
Slide 22: Outlook
Outlook (barring any further adverse development of the pandemic and excluding exceptional events) Concessions Contracting VINCI Autoroutes a 15-20% contraction in traffic levels 2020 Contracting a 5-10% fall in revenue 2020 VINCI Airports a 150-200 bp decline in Ebit margin vs 2019 Around 70% fall
Slide 23: Dividend
Dividend Dividend per share since 2009 (in €) 2.67 2.45 2.22 2.10 2.04 1.84 1.67 1.77 1.77 1.77 1.62 Total dividend – interim dividend Interim dividend Special dividend linked to the disposal of VINCI Park 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 VINCI’s Board of Directors, given the c
Slide 24: Looking beyond 2020
Looking beyond 2020 After a very difficult 2020 Eurovia VINCI Autoroutes The 100% recycled road technology High-speed charging stations VINCI Energies Hypervisor platform at La Défense The growth post-crisis will be green A great opportunity VINCI Airports VINCI Construction Salvador Bahia named Bra
Slide 25: VINCI's environmental ambition
VINCI’s environmental ambition Developing solutions to improve the living environment, while managing and reducing the impact of our activities in 3 main areas Preserve resources with the Act for the climate transition Respect natural environments circular economy 2.3 m teq CO2 -28.3% in 2019 reduct
Slide 26: VINCI's social performance in 2019
VINCI’s social performance in 2019 Aiming for global performance and sharing with our stakeholders the benefits of our performance 2 million 72% 20.3% 4,422,865 142,000 of companies without % of female managers in hours of training provided in 2019 employees owning 9% hours of integration 2019 (vs 1
Slide 27: 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. 27
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Slide 29: Appendices
VINCI Ws Appendices
Slide 30: Other information
VINCI Ws Other information
Slide 31: 9M 2020 VINCI Autoroutes traffic
VINCI Autoroutes 9M 2020 VINCI Autoroutes traffic VINCI Autoroutes average traffic growth over 10 years Total 125 CAGR Q3 2020/ 120 Q3 2010 -21.2% -23.1% -8.8% 115 HV +0.9% Total -0.5% 110 LV -0.8% 105 Of which: 100 ASF -21.2% -23.4% -8.0% 95 90 Escota -19.8% -20.7% -11.7% Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3
Slide 32: VINCI Airports 9M 2020 passenger traffic
VINCI Airports 9M 2020 passenger traffic Q3 2020 9M 2020 12 rolling months Var. Sept. 2019 Var. 12 rolling Passenger traffic (in thousands of pax) 2020 2020 Var. 2020/2019 2020/2019 to Sept. 2020 months Portugal (ANA) 5,192 -71.8% 14,926 -67.5% 28,159 -51.7% o/w Lisbonne 2,124 -76.9% 7,775 -67.3% 15
Slide 33: Concessions capex forecasts
Concessions capex forecasts* In € million 2 000 1 800 Highlights 1 600 • Reduction of around €400 m of Capex in 2020 vs the 1 400 previous forecasts (Dec. 31, 2019) 1 200 • VINCI Airports capex include LGW capex 1 000 800 Pre-Covid forecasts 600 (established as of December 31, 2019) 400 Updated fore
Slide 34: Financial data as of June 30, 2020
Financial data as of June 30, 2020
Slide 35: Consolidated revenue
Consolidated revenue Δ 2020/2019 in € million H1 2020 H1 2019 Actual Like-for-like FY 2019 Concessions 2,592 3,836 -32.4% -36.9% 8,544 VINCI Autoroutes 1,892 2,608 -27.4% -27.4% 5,593 VINCI Airports 592 1,070 -44.7% -56.0% 2,631 Other Concessions 108 158 -31.7% -30.9% 319 Contracting 15,756 17,737 -
Slide 36: International: 49% of H1 2020 revenue
International: 49% of H1 2020 revenue (44% in H1 2019) France €9.5 bn -23% 51% Central & North America Eastern Europe -4% €1.4 bn +20% €0.9 bn 5% 8% Western Europe (excl. France) -5% €4.7 bn Asia/Middle East/ 25% Oceania -14% Central & €1.0 bn South America -32% Africa 6% €0.4 bn €0.6 bn -9% 2% 3% +
Slide 37: Consolidated revenue - France
Consolidated revenue - France Δ 2020/2019 in € million H1 2020 H1 2019 Actual Like-for-like FY 2019 Concessions 2,030 2,855 -28.9% -28.9% 6,079 VINCI Autoroutes 1,892 2,608 -27.4% -27.4% 5,593 VINCI Airports 100 185 -46.1% -46.1% 371 Other Concessions 38 62 -39.2% -39.2% 115 Contracting 7,295 9,235
Slide 38: Consolidated revenue - International
Consolidated revenue - International Δ 2020/2019 in € million H1 2020 H1 2019 Actual Like-for-like FY 2019 Concessions 562 980 -42.6% -55.1% 2,464 VINCI Airports 492 884 -44.4% -57.6% 2,261 Other Concessions 70 96 -26.8% -25.4% 204 Contracting 8,461 8,502 -0.5% -2.8% 19,329 VINCI Energies 3,496 3,42
Slide 39: Income statement
Income statement (in € million) H1 2020 H1 2019 Δ 2020/2019 Operating income from ordinary activities (Ebit) 267 2,289 (2,022) % of revenue 1.4% 10.5% -910 bp - share-based payment expense (IFRS 2) (90) (100) - profit/loss of equity-accounted cos. & miscellaneous (59) 153 Recurring operating income
Slide 40: Ebit by business line
Ebit - operating income from ordinary activities by business line % of % of % of in € million H1 2020 H1 2019 Δ 2020/2019 FY 2019 revenue* revenue* revenue* Concessions 545 21.0% 1,844 48.1% (1,299) 3,989 46.7% Contracting (255) (1.6%) 432 2.4% (686) 1,654 4.3% VINCI Energies 186 3.0% 378 5.9% (192)
Slide 41: Recurring operating income by business line
Recurring operating income (ROI) by business line in € million H1 2020 % of revenue* H1 2019 % of revenue* Δ 2020/2019 FY 2019 % of revenue* Concessions 474 18.3% 1,954 50.9% (1,480) 4,146 48.5% VINCI Autoroutes 698 36.9% 1,402 53.8% (704) 2,948 52.7% VINCI Airports (201) (34.0%) 518 48.4% (719) 1,1
Slide 42: Ebitda
Ebitda in € million H1 2020 % of revenue* H1 2019 % of revenue* Δ 2020/2019 FY 2019 % of revenue* Concessions 1,502 57.9% 2,692 70.2% (1,190) 5,796 67.8% o/w VINCI Autoroutes 1,324 69.9% 2,004 76.8% (680) 4,178 74.7% o/w VINCI Airports 140 23.7% 608 56.8% (467) 1,466 55.7% Contracting 304 1.9% 877 4
Slide 43: Cash flow statement (1/2)
Cash flow statement (1/2) in € million H1 2020 H1 2019 FY 2019 Ebitda 1,803 3,625 8,497 Change in WCR* and current provisions 471 (1,354) 428 Income taxes paid (774) (529) (1,547) Net interest paid (351) (250) (458) Dividends received from companies accounted for under the equity method 31 110 170 N
Slide 44: Cash flow statement (2/2)
Cash flow statement (2/2) in € million H1 2020 H1 2019 FY 2019 Free cash flow (after CAPEX) (182) 316 4,201 Net financial investments and other cash flows (144) (8,041) (8,335) Cash flow before movements in share capital (326) (7,726) (4,134) Share capital increases and other operations 77 590 933 D
Slide 45: FCF generation in H1 2020
FCF generation in H1 2020 FY VINCI free cash flow generation since 2009 4 500 4 000 3 500 3 000 in € million 2 500 2 000 H1 1 500 4 500 500 4 000 1 000 300 3 500 500 3 000 100 0 2 500 -100 2 000 1 500 -300 1 000 -500 500 0 -700 Full-year FCF Negative H1 FCF Positive H1 FCF 45
Slide 46: Operating CAPEX
Operating CAPEX in € million H1 2020 H1 2019 Δ 2020/2019 FY 2019 Concessions 116 79 +37 242 VINCI Autoroutes 8 9 -1 24 VINCI Airports* 99 64 +35 205 Other Concessions 9 6 +3 12 Contracting 369 424 -55 969 VINCI Energies 70 74 -4 160 Eurovia 137 136 +1 342 VINCI Construction 162 214 -52 466 VINCI Imm
Slide 47: Growth CAPEX in concessions and PPPs
Growth CAPEX in concessions and PPPs in € million H1 2020 H1 2019 Δ 2020/2019 FY 2019 Concessions 561 496 +66 1,026 VINCI Autoroutes 377 375 +2 775 Of which: ASF 192 144 +48 266 Escota 52 41 +11 92 Cofiroute 88 88 0 181 Arcos 43 99 -56 227 VINCI Airports 189 119 +70 248 Other concessions -4 3 -6 3 C
Slide 48: Consolidated balance sheet
Consolidated balance sheet (in € million) 30 Jun. 2020 31 Dec. 2019* 30 Jun. 2019* Non-current assets – concessions 41,355 42,968 42,299 Non-current assets – contracting and other 13,973 14,055 13,314 WCR, provisions and other current assets & liabilities (6,403) (6,965) (5,008) Capital employed 48,
Slide 49: Change in net financial debt during H1 2020
Change in net financial debt during H1 2020 (in € billions) (22.1) (21.7) Dividends and Acquisitions/ Disposals miscellaneous* Capex LGW (0.1) (0.1) Interest & (1.4) Ebitda (7.7) Δ Working taxes paid 1.8 capital (1.1) requirement 0.5 Free cash flow: (€182 m) vs €316m in H1 2019 Concessions Contracti
Slide 50: Net financial debt by business line
Net financial debt by business line Of which Of which Of which Δ 30 jun. 2020/ 30 Jun. 2020 external 31 Dec. 2019 external 30 Jun. 2019 external in € million net debt net debt net debt 30 Jun. 2019 Concessions (33,777) (20,143) (33,952) (19,901) (34,131) (19,419) +354 VINCI Autoroutes (19,668) (14,5
Slide 51: Maturity of gross financial debt
Maturity of gross financial debt Average maturity of gross financial debt (€28.7 bn) as of 30 June 2020: 8.0 years* 3 000 2 500 2 000 € Million 1 500 1 000 500 0 H2 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 >2035 ASF Cofiroute Arcour VINCI Airports Other concessions
Slide 52: Average cost of future debt repayment
Average cost of future debt repayment H2 2020 2021 2022 2023 2024 2025 Nominal amount in € million 406 1,945 2,575 1,699 1,796 1,783 Average rate* 4.62% 2.47% 2.64% 1.77% 3.01% 0.72% * After hedging ASF Cofiroute VINCI Airports Other concessions Holdings and misc. 52
Slide 53: Natural hedging against interest rates rise
Natural hedging against interest rates rise Natural hedge between floating rate + inflation linked debt and Ebitda (linked to inflation) + net cash managed (remunerated based on short-term floating rate) Gross financial debt (net of derivatives) breakdown between fixed and floating rates 28.4 (in €
Slide 54: FY key figures
VINCI Ws FY key figures
Slide 55: 2019 key figures
VINCI 2019 key figures 222,397 €48.1 bn 110 3,200 300,000 €60 bn employees Group revenue countries where estimated number estimated number market cap. at VINCI operates of business units of contracts 31 December 2019 Concessions Real estate Contracting Revenue: €8.5 bn Revenue: €1.3 bn Revenue: €38.
Slide 56: A combination of two complementary business profiles
A combination of two complementary business profiles REVENUE EMPLOYEES EBITDA** €48.1 bn* 222,397 €8.5 bn 1% 18% 1% 3% 17% 1% 1% 8% 2% 10% 29% 15% 82% 90% 91% 68% 81% * o/w 45% outside France **Cash flow from operations before tax and financing costs (including a €575 million impact from IFRS 16) FR
Slide 57: Growing internationalisation
Growing internationalisation Breakdown of 2008 revenue by geographical area Breakdown of 2019 revenue by geographical area 4% 9% 3% 3% 5% 7% 3% 5% €33.5 bn €48.1 bn 20% INCREASED EXPOSURE 55% TO INTERNATIONAL 23% 63% 2008 international revenue CAGR 2008/2019 2019 international revenue €12.5 bn +5.1%
Slide 58: Steady returns over time
Steady returns over time VINCI ROCE and ROE over the past 5 years 16.6% 16.7% 17.0% 15.7% 13.9% 9.0% 9.3% 9.3% 9.0% 8.5% 2015 2016 2017 2018 2019 ROCE ROE Return on capital employed (ROCE) is net operating income after tax, excluding non-recurring items, divided by the average capital employed at th
Slide 59: Business line profiles
VINCI Ws Business line profiles
Slide 60: Concessions profile
Concessions profile Change in revenue and Ebitda margin over 5 years 2019 revenue by geographical area Revenue CAGR (since 2014): +8.0% 5% 9,0 8.5 75,0% 4% 6.9 7.3 9% 6.3 France 5.8 Portugal 5,5 68.4% 70,0% 11% 68.3% €8.5 bn UK 67.8% 67.8% 67.8% Americas 2,0 65,0% 71% RoW 2015 2016 2017 2018 2019 -1
Slide 61: VINCI Autoroutes
VINCI Ws VINCI Autoroutes
Slide 62: VINCI Autoroutes key figures
VINCI Autoroutes key figures Change in revenue and Ebitda margin over 5 years Revenue CAGR (since 2014): +3.3% 6,0 76,0% 5.6 5.4 5.1 5.3 4.9 74.7% 75,0% 73.0% 72.2% 72.6% 74,0% 72.7% 3,5 73,0% 72,0% 71,0% 1,0 70,0% 2015 2016 2017 2018 2019 Revenue (€bn) Ebitda margin 62
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 - 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 2020* +0.956% +0.885% +0.715% 70% x i 70% x i 70% x i 2021 + 0.39% (2015 toll freeze) + 0.25 % (2015 toll freeze) + 0.10% (2015 tol
Slide 65: VINCI Airports
VINCI Ws VINCI Airports
Slide 66: Airports in 2019
VINCI Airports in 2019 Revenue and Ebitda margin over the past 5 years VINCI Airports: 2019 Revenue and Ebitda by country Revenue CAGR (since 2014): +30% 2.6 67,5% 23% 23% 100 1.6 40% 400 1.4 14% Revenue 34% Ebitda 55.7% 57,5% 9% €1,466 m 0.8 1.1 €2,631m 58.6% 57.3% 700 50.2% 53.3% 28% 29% 0 47,5% 2
Slide 67: Airports, the most geographically diversified airports operator
VINCI Airports, the most geographically diversified airports operator Passengers traffic1 (millions of pax.) evolution 255 45 platforms in 12 countries 195 157 132 69 43 47 Passengers traffic* (millions of pax.) evolution 10 2012 2013 2014 2015 2016 2017 2018 2019 1 Data at 100% irrespective of perc
Slide 68: Airports network (1/2)
VINCI Airports network (1/2) VINCI AIRPORTS VINCI Country Name Description mPAX in 2019 End of concession Traffic risk Consolidation* share London Gatwick Freehold 46.6 - 50% Yes Full consolidation UK Belfast International Freehold 6.3 2993 100% Yes Full consolidation ANA Portugal (10 airports in Li
Slide 69: Airports network (2/2)
VINCI Airports network (2/2) VINCI AIRPORTS VINCI Country Name Description mPAX in 2019 End of concession Traffic risk Consolidation* share Orlando-Sanford Concession 3.3 2039 100% Yes Full consolidation USA 4 airports: Hollywood Burbank Airport in California, Management 7.0 Atlantic City in New Jer
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 Revenue CAGR (since 2014): +25% Lamsac’s acquisition 319 (Peru) 298 258 112 131 2015 2016 2017 2018 2019 Revenue (€m) 71
Slide 72: Highways - Electronic Toll Collection developments
VINCI Highways - Electronic Toll Collection (ETC) developments Managed revenue of ETC in 2019: €41 m (vs €19 m in 2018) Serving about 1.2 million ETC subscribers worldwide Russian M50 interoperability (Dublin ringroad) SR91 Greece Express Lanes CTRMA NTTA Toll Plus ICICI Bank VIA 40 Bank of Baroda E
Slide 73: Highways
VINCI Highways VINCI HIGHWAYS Country Type Name Description End of concession VINCI share Traffic risk Consolidation 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 74: 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 2032 33.3% yes Equity method France Tunnel Prado Sud 1.9 km road tunnel, Marseille 2055 58.5% yes Equity meth
Slide 75: Railways and other concessions
VINCI Railways and other concessions VINCI Railways Country Type Name Description End of concession VINCI share Traffic risk Consolidation Rail Rhônexpress 23 km light rail system, Lyon 2020* 35% yes Equity method Rail GSM-Rail Ground-train communication system on 14,000 km of track 2025 70% no Equi
Slide 76: Non-controlling stakes in concessions
Non-controlling stakes in concessions VINCI share, based on best estimates as of 31.12.2019 Projects consolidated by the equity method, excluding ADP In € millions Equity committed Equity invested Equity to be at 31.12.2019 invested Kansai Airports (Japan) 253 253 0 Santiago Airport (Chile) 196 135
Slide 77: Contracting
VINCI Ws Contracting
Slide 78: Contracting profile
Contracting profile Revenue and Ebit margin evolution over the last 5 years 2019 revenue by geographical area Revenue CAGR (since 2014): +3.4% France 11% 38.9 4% Germany 40,0 35.8 4,5% 32.6 32.8 UK 31.5 5% 4.3% Central & Eastern Europe 4,0% 4.1% 10% €38.9 bn 50% Rest of Europe 20,0 3.8% USA 3.7% 3,5
Slide 79: VINCI Energies: digital transformation and energy transition
VINCI Energies: making digital transformation and the energy transition a reality Revenue and Ebit margin over the past 5 years 2019 revenue by geographical area Revenue CAGR (since 2014): +8.1% 1,800 Business 3% 5% 13.7 6% France 12.6 Units 6,0% Germany 12,0 10.2 10.2 10.8 45% Scandinavia 21% €13.7
Slide 80: Eurovia: sustainable mobility solutions for communities
Eurovia: developing sustainable mobility solutions for communities Revenue and Ebit margin over the past 5 years 2019 revenue by geographical area Revenue CAGR (since 2014): +4.5% 500 France Business 6% 2% Germany Units 11% 10.2 5,0% UK 8.9 9,0 8.1 4,5% 2% 7.9 7.6 4.2% Central & Eastern Europe 3.9%
Slide 81: VINCI Construction, France's leading construction company
VINCI Construction, France’s leading construction company and a major global player Revenue and Ebit margin over the past 5 years 2019 revenue by geographical area Revenue CAGR (since 2014): -0.6% 836 4% France Business 8% UK 14.5 14.2 14.9 3,5% Units 13.7 14.0 7% Central & Eastern Europe Rest of Eu
Slide 82: The Grand Paris Express project
The Grand Paris Express project More than €9 bn attributed as of June 2020, o/w around €2.5 bn to VINCI entities Line 17 4 new metro lines around Paris and 2 line extensions Line 11 Line 16 €28 bn 200 km 68 Line 15 to €35 bn Automated New stations Construction metro lines budget* Line 15 Line 14 Exp
Slide 83: VINCI Immobilier
VINCI Ws VINCI Immobilier
Slide 84: Immobilier
VINCI Immobilier Revenue over the past 5 years 2019 reservations by destination Revenue CAGR (since 2014): +17.6% €1.6 bn 1.3 2019 managed 1.1 Social, revenue* 0.9 Institutional Buy to let private 0.8 30% 31% 0.7 investors 6,215 Presence in 2015 2016 2017 2018 2019 23 Managed 11% cities Residences 2
Slide 85: Notes
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Slide 86: IR team and agenda
IR team and agenda TEAM AGENDA 5 February 2021 Grégoire THIBAULT Alexandra BOURNAZEL Head of investor relations Deputy-head of investor relations VINCI FY 2020 results publication gregoire.thibault@vinci.com alexandra.bournazel@vinci.com Tel: +33 1 47 16 45 07 Tel: +33 1 47 16 33 46 Walid LOUNIS 8 A