Vinci Sa · EURONEXT:DG
Vinci Sa — Vinci Sa Act — Q3 2023 Earnings Presentation
93 slides from Vinci Sa's earnings presentation, Oct 26, 2023
Slide 1: VINCI wins civil engineering contract for Nice wastewater treatment facility
VINCI wins the civil engineering contract for the new wastewater treatment facility in Nice, France
Slide 2: Forward-looking statements 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 factors that may
Slide 3: VINCI Highlights
VINCI GHLIGHT 0) irs FE
Slide 4: Dynamic business levels in Q3, revenue up 9%
Dynamic business levels in Q3 (revenue up 9% yoy) - Solid operational performance overall VINCI Autoroutes: traffic up yoy, driven by light vehicles despite high fuel prices VINCI Airports: all-time high passenger numbers in several platforms of the network – steady recovery in Japan VINCI Energies:
Slide 5: Q3 2023 total revenue
Δ 2023/2022 in € million Concessions* 3,297 2,834 +16.3% +10.7% VINCI Autoroutes 1,884 1,789 +5.3% +5.3% VINCI Airports 1,243 901 +38.0% +19.8% VINCI Highways 100 94 +6.3% +11.8% Other concessions** 69 50 +39.0% +39.1% VINCI Energies 4,765 4,159 +14.6% +10.6% Cobra IS 1,627 1,440 +12.9% +13.5% VINCI
Slide 6: 9M 2023 total revenue
Δ 2023/2022 in € million Concessions* 8,295 6,995 +18.6% +12.0% VINCI Autoroutes 4,855 4,604 +5.4% +5.4%** VINCI Airports 3,024 2,028 +49.2% +26.7%** VINCI Highways 261 240 +8.7% +7.2% Other concessions*** 154 123 +25.7% +25.8% VINCI Energies 13,887 11,914 +16.6% +12.2% Cobra IS 4,688 4,108 +14.1% +
Slide 7: Total VINCI Group revenue change
vs 9M 2022 +€1,300 m +18.6% +€1,972 m +16.6% +€580 m, +14.1% +€1,863 m +8.7% €(267) m o/w VINCI Autoroutes: (24.2)% +€251 m, +5.4% Organic Scope FX Organic Scope FX Organic Scope FX €50,637 m o/w VINCI Concessions: +0.1% (1.3)% (24.2)% +€1,049 m, +43.9% +0.3% (0.3)% +9.9% Organic Scope FX +5.1% (0.7
Slide 8: Total VINCI Group revenue change, France and international
vs 9M 2022 +€1,092 m +5.2% +€4,326 m +17.8% Organic Scope Organic Scope FX €50,637 m (1.7)% +4.5% €45,220 m +0.2% +15.0% +5.1% Total VINCI Group revenue change vs 9M 2022 +12.0% +10.4% +2.5% (0.9)% Organic Scope FX 8
Slide 9: VINCI Autoroutes 9M 2023 key takeaways
Arrangement works at Porte de Gesvre (A11 motorway) to improve the connection between the Northern and Eastern sections of Nantes’ ring road 9M 2023 Key takeaways ◼ Revenue: €4,855 m (+5.4% vs 9M 22) ◼ In September 2023, traffic up 2.2% (of which +3.0% in LV buoyed by exceptional, summer-like weathe
Slide 10: 9M 2023 VINCI Autoroutes traffic
VINCI Autoroutes - Rolling twelve months traffic over 10 years 9M 2023 VINCI Autoroutes traffic 130 CAGR Q3 2023/ Total Q3 2013 125 HV +2.3% Δ 9M 2023/9M 2022 +1.3% +1.7% -1.3% 120 Total +1.5% 115 LV +1.4% 110 105 ASF +1.3% +1.7% -1.3% 100 95 Escota +1.5% +1.8% -0.6% 90 85 Cofiroute +1.2% +1.7% -1.7
Slide 11: VINCI Airports 9M 2023 key takeaways
Launch of a £100 m five-year investment plan at Belfast International Airport to improve the operational efficiency, passenger experience and environmental performance 9M 2023 Key takeaways ◼ Revenue: €3,024 m (+49% actual vs 9M 22, +27% lfl, +12% at constant perimeter vs 9M 19) ◼ 9M 23 pax down 7%
Slide 12: VINCI Airports monthly passenger numbers vs 2019
Change in VINCI Airports monthly passenger numbers in 2020, 2021, 2022 and 2023 (vs. 2019) 40% 20% VINCI Airports -7% 0% Dominican -20% Republic +17% -40% Mexico +16% -60% Portugal +12% -80% UK -13% -100% France -17% 2020 2021 2022 2023 Japan -23% VINCI Airports Aerodom (Dom. Rep.) OMA ANA (Portugal
Slide 13: Airport passenger traffic by country
Passenger traffic (in thousands of pax)* Portugal (ANA) 51,216 +21.9% +11.6% o/w Lisbon 25,590 +22.8% +7.5% United Kingdom 36,055 +26.6% -12.6% o/w London Gatwick (50.01%) 31,540 +27.7% -13.0% Mexico (OMA) (29.99%) 20,030 +19.7% +16.2% o/w Monterrey 9,853 +26.7% +18.2% France 13,383 +16.1% -15.8% o/
Slide 14: VINCI Highways 9M 2023 key takeaways
9M 2023 Key takeaways ◼ VINCI Highways revenue: €261 m (+9% vs 9M 22, +7% lfl) ◼ VIA 40 Express, concessionaire of the Bogotá-Girardot motorway in Columbia (141 km + 65 km under construction), is fully consolidated within VINCI’s accounts since April 2023 ◼ Reminder: Strait Crossing Development Inc
Slide 15: VINCI Energies 9M 2023 key takeaways
Contract for electrical and mechanical installation works for a 100,000 sqm urban project around Paris Austerlitz train station 9M 2023 Key takeaways ◼ 9M 23 revenue: €13,887 m, strongly up (+17% actual, +12% lfl) – France revenue up 12% (+11% lfl), growth fairly consistent across the four business
Slide 16: Cobra IS 9M 2023 key takeaways
3 contracts for almost 1,950 km of high-voltage transmission lines awarded in Brazil (one PPP and two design-build contracts) 9M 2023 Key takeaways ◼ 9M 23 revenue: €4,688 m (+14% actual and lfl), fuelled by both flow business and EPC* projects in almost all geographies – Spain revenue up 16% (both
Slide 17: VINCI Construction 9M 2023 key takeaways
A €800 m contract to recover excavated materials from the French side of the Mont-Cenis base tunnel (Lyon-Turin) 9M 2023 Key takeaways ◼ Q3 revenue up 5% vs Q3 22 (+7% lfl) – Growth still very strong outside France (+12% lfl) ◼ 9M 23 revenue: €23,354 m (+9% vs 9M 23, +10% lfl) – France: revenue up 5
Slide 18: VINCI order intake at €47.8 bn
VINCI order intake at €47.8 bn (+16% yoy), fuelled by firm activity levels in flow business and several large contracts won in the last few months By business line (in € billion) By geographical area (in € billion) 47.8 47.8 41.1 8.5 41.1 32.5 6.5 32.5 18.7 15.9 16.3 12.3 13.3 14.5 15.1 19.9 20.2 21
Slide 19: VINCI order book
International accounts for 68% of the order book, of which: • • By business line (in € billion) By geographical area (in € billion) 63.3 13.6 63.3 57.4 57.3 57.4 57.3 14.9 29.3 11.2 11.1 20.1 18.3 17.8 12.6 12.4 14.7 9.4 22.0 21.5 26.1 33.6 33.8 33.6 13.0 17.1 17.9 17.1 Sep22 Dec22 Sep23 Sep22 Dec22
Slide 20: VINCI Immobilier 9M 2023 key takeaways
VINCI Immobilier, acting as delegated project manager, delivered the first part of the restructured Louvre Saint- Honoré in Paris, future location of Fondation Cartier 9M 2023 Key takeaways ◼ 9M 23 consolidated revenue: €836 m (-24% vs 9M 22) – Sharp decline due to tough economic backdrop in the Fre
Slide 21: Very high level of liquidity and solid credit rating
Very high level of liquidity and solid credit rating Solid credit rating Very high level of A- Outlook stable liquidity Confirmed for VINCI in March 2023 17.9 18.6 A3 Outlook stable Confirmed for VINCI in July 2023 * 8.0 10.5 Financial operations in good conditions considering Data in € billion the
Slide 22: 2023 outlook
VINCI Autoroutes: traffic levels in full-year VINCI Energies: VINCI Construction: 2023 slightly higher than those seen in 2022 ▪ Further business growth ▪ Further business growth ▪ Solidification of the operating margin ▪ While remaining selective in taking on VINCI Airports: new business ▪ Further
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Slide 24: Appendices
4 SS : ™~™ = Ss re = —— Appendice VINCI
Slide 25: Other information
fee Other infol it VINCI
Slide 26: Ambitious social, workforce-related and environmental commitment
A sustainable economic project is impossible without an ambitious social, workforce-related and environmental commitment. 26
Slide 27: VINCI's businesses at the heart of the world's challenges
VINCI's businesses at the heart of the world's challenges VINCI Autoroutes VINCI Airports VINCI Energies Cobra IS sf Strong growth drivers FIRST NINE MONTHS 2023 HIGHLIGHTS VINCI “”
Slide 28: Act for the climate; optimise resources
Optimise resources thanks Preserve Act for the climate to circular economy natural environments of recycled materials Scopes 1 & 2 emissions in 2022 out of VINCI Construction total annual Towards (over 48 in total) using zero production in 2022 recycled materials phytosanitary products for GHG emiss
Slide 29: Social commitments and workforce
More than long-term unemployed female managers in 2022 hours of training provided of all employees can of companies without lost- (vs 18.5% in 2016) subscribe to an employee people supported in 2022 in 2022 time occupational accidents share ownership on integration programmes programme workplace acc
Slide 30: Strategic priorities
▪ Extension of the portfolio’s average maturity ▪ Prioritise margin over revenue growth ▪ Strengthening of the Group’s footprint in ▪ Rigorous risk monitoring / Selective mobility infrastructures (motorways, airports) approach to new projects ▪ Focus on high value added segments, ▪ Step up in the re
Slide 31: 2023 interim dividend per share
14 November 2023 2023 interim dividend per share Ex-date (all-cash) 16 November 2023 Payment date 4.00 * 3.05 2.90 2.67 2.45 2.22 2.10 Total dividend (–) interim dividend 2.04 2.04 1.77 1.84 Interim dividend 1.05 Special dividend linked to the disposal 1.00 1.05 of VINCI Park 0.57 0.63 0.69 0.75 0.7
Slide 32: Key events in 2023
July 2023: financial closing of a 40-year concession January 2023: acquisition of Otera AS in Norway agreement for the 7 airports in Cape Verde (~€150 m revenue). archipelago (2.8 mpax in 2019). April 2023: acquisition of a 25% stake in Vía 40 July 2023: commissioning of the solar PV farm located in
Slide 33: Shareholding structure
Rest of the World Shareholding structure* Rest of Europe 14.1% ▪ Almost 1,000 institutional 5.9% Individual investors investors 9.5% 15.7% Employees ▪ Approximately 300,000 Institutional United Kingdom investors 9.9% individual shareholders 72.8% 3.3% Qatar Holding LLC ▪ ~160,000 Group employees 4.4
Slide 34: VINCI
VINCI
Slide 35: H1 2023 total revenue
Δ 2023/2022 in € million Concessions* 4,998 4,161 +20.1% +12.8% VINCI Autoroutes 2,971 2,816 +5.5% +5.5% VINCI Airports 1,781 1,126 +58.1% +32.2% VINCI Highways 161 146 +10.3% +4.5% Other concessions** 85 73 +16.6% +16.6% VINCI Energies 9,122 7,755 +17.6% +13.0% Cobra IS 3,061 2,668 +14.8% +14.4% VI
Slide 36: H1 2023 revenue change and contribution
€14.4 bn €9.6 bn +7% +20% €2.3 bn +15% €1.2 bn +21% €2.0 bn +25% €2.0 bn +22% €0.8 bn +9% H1 2023/H1 2022 change Contribution to H1 2023 revenue 36
Slide 37: H1 2023 revenue in France
Δ 2023/2022 in € million Concessions* 3,238 3,049 +6.2% +6.2% VINCI Autoroutes 2,971 2,816 +5.5% +5.5% VINCI Airports 183 161 +13.3% +13.3% Other concessions** 84 72 +16.8% +16.8% VINCI Energies 3,990 3,525 +13.2% +12.6% Cobra IS 22 19 +20.1% +20.1% VINCI Construction 6,824 6,390 +6.8% +6.8% VINCI I
Slide 38: H1 2023 revenue international
Δ 2023/2022 in € million Concessions* 1,761 1,112 +58.3% +31.2% VINCI Airports 1,598 965 +65.6% +35.4% VINCI Highways 161 146 +10.3% +4.5% Other concessions** 1 1 VINCI Energies 5,131 4,230 +21.3% +13.4% Cobra IS 3,039 2,649 +14.7% +14.4% VINCI Construction 8,090 7,064 +14.5% +16.3% VINCI Immobilier
Slide 39: Operating income and net income
(in € million) H1 2023 H1 2022 * Δ 2023/2022 FY 2022 Operating income from ordinary activities (Ebit) 3,549 2,826 +724 6,824 % of revenue 11.0% 9.9% 11.1% Share-based payment expense (IFRS 2) (260)** (138) (356) Profit/loss of equity-accounted cos. & miscellaneous 104 25 14 Recurring operating incom
Slide 40: Ebit by division
in € million Concessions 2,447 49.0% 1,899 45.6% +547 VINCI Autoroutes 1,640 55.2% 1,482 52.6% +158 VINCI Airports 780 43.8% 380 33.8% +400 VINCI Highways 22 13.6% 24 16.4% -2 Other concessions** 5 13 -9 VINCI Energies 623 6.8% 507 6.5% +116 Cobra IS 230 7.5% 190 7.1% +40 VINCI Construction 299 2.0%
Slide 41: Ebit and Ebit margin by division
+158 1,640 1,482 +116 +400 780 623 +46 -43 55.2% 507 52.6% 380 +40 43.8% 299 6.8% 230 254 6.5% 190 33.8% 7.5% 1.9% 2.0% 28 7.1% (16) 3.8% (2.8)% (Ebit in € million and Ebit margin as % of revenue) 41
Slide 42: Ebitda by division
in € million Concessions 3,472 69.5% 2,842 68.3% +630 o/w VINCI Autoroutes 2,280 76.7% 2,114 75.1% +166 o/w VINCI Airports 1,083 60.8% 632 56.1% +451 o/w VINCI Highways 80 49.7% 69 47.3% +11 VINCI Energies 726 8.0% 618 8.0% +109 Cobra IS 297 9.7% 234 8.8% +63 VINCI Construction 602 4.0% 578 4.3% +23
Slide 43: VINCI Group Ebitda
VINCI Group Ebitda: €5,309 million (+783 vs H1 22) Ebitda margin: 16.4% (+50 bp vs H1 22) +166 2,280 2,114 +451 +109 1,083 +23 726 +63 76.7% 632 618 -43 75.1% 578 602 60.8% 8.0% 297 56.1% 8.0% 234 4.3% 4.0% 9.7% 42 8.8% (0) 5.8% (0.1)% (Ebitda in € million and Ebitda margin as % of revenue) 43
Slide 44: Cash flows and free cash flow
in € million Ebitda 5,309 4,526 10,215 Change in WCR* and current provisions (1,952) (2,581) 392 Income taxes paid (1,202) (771) (1,603) ** Net interest paid (313) (273) (563) Dividends received from companies accounted for under the equity method 66 48 92 Cash flows from operating activities (excl.
Slide 45: Change in net financial debt
in € million Free cash flow (after CAPEX) 261 (281) Net financial investments and other cash flows (651) (748) (2,677) Cash flow before movements in share capital (389) (1,029) Share capital increases and other operations 573 378 438 Dividends (1,839) (1,298) (1,892) Share buy backs (251) (905) (1,1
Slide 46: Free cash flow history
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 FY H1 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 Full-year FCF H1 FCF 46
Slide 47: Operating CAPEX
in € million Concessions 77 58 +20 123 VINCI Autoroutes 11 13 -2 21 VINCI Airports* 62 41 +21 94 Other concessions** 5 4 +1 8 VINCI Energies 131 81 +49 214 Cobra IS 126 56 +70 465 VINCI Construction 470 368 +101 900 VINCI Immobilier and holdings 10 53 -43 65 Purchases of tangible and intangible asse
Slide 48: Net growth CAPEX in concessions and PPPs
in € million Concessions 510 352 +158 725 VINCI Autoroutes 288 288 -0 578 Of which: ASF 102 105 -3 227 Escota 73 77 -4 144 Cofiroute 107 100 +8 200 Arcos 5 6 -1 7 VINCI Airports 187 65 +122 152 Other concessions* 36 (1) +37 (5) VINCI Energies (0) (1) +0 (2) Cobra IS 75 29 +46 145 VINCI Construction
Slide 49: Capital employed
Δ 30 Jun. 23 / 30 Jun. 22 Non-current assets – Concessions 44,091 42,881 40,616 +3,475 Non-current assets – Energy, Construction and other 23,127 22,655 20,843 +2,284 WCR, provisions and other current assets & liabilities (10,952) (13,071) (8,616) -2,335 Capital employed 56,266 52,465 52,843 +3,423
Slide 50: Free cash flow and net financial debt
Free cash flow: €261 m vs €(281) m in H1 2022 (20.9) (18.5) Dividends/Share buy Acquisitions / back & Disposals Capex miscellaneous Interests & taxes (0.7) (1.6) (2.0) paid EBITDA Δ Working capital (1.4) 5.3 requirement (2.0) Concessions Energy + Construction + Real Estate Net financial debt Net fin
Slide 51: Net financial debt by division
Of which Of which Of which in € million external external external net debt net debt net debt Concessions (29,967) (19,436) (31,735) (18,880) (32,360) (19,453) VINCI Autoroutes (16,374) (12,381) (16,985) (12,578) (17,088) (13,257) VINCI Airports (9,434) (6,246) (11,131) (5,674) (11,251) (5,488) VINC
Slide 52: Optimising the average cost of debt
Optimising the average cost of debt in a more challenging environment / tightening of borrowing conditions Cost of gross financial debt over the past 5 years (closing rate) Gross financial debt cost over the past 5 years* (average rate) Dec22 3.0% 2.4% 2.3% 2.5% Dec19 Dec20 Dec21 2.1% FY 2019 FY 202
Slide 53: Debt maturity profile
3,000 2,500 2,000 € Million 1,500 1,000 500 0 Groupe ASF Cofiroute Arcour Arcos VINCI Airports Other concessions Holdings & misc. * Concessions: 7.1 years - Holdings and other divisions: 5.7 years 53
Slide 54: Bond maturities and average rate
Nominal amount in € million 900 1,654 2,719 2,522 2,632 2,754 Average rate* 5.99% 4.32% 3.55% 5.77% 3.46% 4.98% * After hedging 54
Slide 55: FY22 Key figures
© BY22 Key figures “> ==. t r ‘8 eae = VINCI
Slide 56: Group revenue, people and key figures
Group revenue countries where number of employees estimated number market cap. at (incl. holdings) VINCI operates business units of contracts 31 December 2022 Revenue People VINCI Autoroutes VINCI Concessions* VINCI Energies Cobra IS VINCI Construction VINCI Immobilier * VINCI Airports, VINCI Highwa
Slide 57: Key financial data
Data in € million (unless otherwise specified) * Cash flow from operations before tax and financing costs. ** 2021 figure adjusted from published financial statements as part of the final purchase price allocation of Cobra IS 57
Slide 58: Revenue by geography 2012-2022
5% 13% 4% 4% 6% 5% 3% 4% 45% 19% 63% 29% 2012 Revenue CAGR 2012/2022 2022 Revenue €24.3 bn +1.4% €27.9 bn €14.3 bn +9.0% €33.7 bn France Central and Eastern Europe Asia/Middle East/Oceania Western Europe (ex. France) Africa Americas 58
Slide 59: VINCI
it VINCI
Slide 60: Revenue and EBITDA margin
Revenue (€bn) EBITDA margin 2% 6% France 11% Portugal 10% €9.2 bn UK Americas 71% RoW 60
Slide 61: Division share of 2022 revenue
5% 61 = % of the division’s 2022 revenue
Slide 62: VINCI Airports and VINCI Autoroutes
2,000 1,800 1,600 1,400 1,200 VINCI Airports 1,000 (incl. London Gatwick) 800 600 VINCI Autoroutes 400 200 0 * As of 30 June 2023 and including fully consolidated assets only 62
Slide 63: VINCI Autoroutes
VINCI Autoroutes FIRST NINE MONTHS 2023 HIGHLIGHTS VINCI
Slide 64: VINCI Autoroutes network and concessions
4,443 km approx. 50% >35% under concession of conceded French of total motorway toll roads network in France (1) ASF Cofiroute End of concession Apr. 2036 Feb. 2032 Jun. 2034 Dec. 2086 Dec. 2070 Jan. 2070 ESCOTA A19-Arcour A355: Arcos: Western Network size 2,737 km 471 km 1,100 km 11 km 101 km 24 km
Slide 65: Contractual framework of toll increases
Contractual framework of toll increases (LVs) Cofiroute ASF Escota Intercity Network 2023* 4.82% 4.68% 4.53% After 2023 70% x i 70% x i 70% x i i = Consumer price index excl. tobacco products at end October Y-1 * Applied on 1 February 2023 65
Slide 66: VINCI Airports
VINCI Airports FIRST NINE MONTHS 2023 HIGHLIGHTS VINE! “”
Slide 67: VINCI Airports platforms and countries
platforms in countries * As of 31 July 2023 67
Slide 68: Airport passenger numbers 2013-2022
255 195 157 187 132 77 86 69 43 47 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1 Data at 100% irrespective of percentage held Data include airport passenger numbers on a full-year basis 2 Including passenger numbers relating to OMA airports whose acquisition was completed in December 2022 (23
Slide 69: VINCI Airports revenue and EBITDA
2.6 2.7 1.6 1.2 1.0 58.6% 55.7% 59.0% 32.4% 14.7% Revenue (€bn) EBITDA margin 5% 8% 15% UK (100% Gatwick + Belfast) 10% 36% 34% Portugal (ANA) Revenue EBITDA 12% 8% France €2,679 m €1,580 m LatAm (Brazil + Dom. Rep.) Rest of world 34% 38% 69
Slide 70: Passenger breakdown by purpose and origin
1% Tourism/Leisure 56% VFR (Visiting Friends & Relatives) 21% Business Other 22% 10% Domestic 35% Intra EU 40% International Short & Mid haul (excl. Intra EU) 15% International Long haul (>4,000 km) * Estimates based on internal surveys realised in the airports 70
Slide 71: Airport portfolio: UK, Portugal, Japan, Chile, Mexico
London Gatwick Freehold 46.6 32.8 - 50.01% Yes Full consolidation UK Belfast International Freehold 6.3 4.8 2993 100% Yes Full consolidation ANA Portugal 59.1 55.7 (10 airports in Lisbon, Porto, Faro, Madeira, Azores islands) Concession 2063 100% Yes Full consolidation Of which Lisbon airport 31.2 2
Slide 72: Airport portfolio: USA, Brazil, Serbia and others
Orlando-Sanford Concession 3.3 2.8 2039 100% Yes Full consolidation USA 4 airports: Hollywood Burbank Airport in California, Management Atlantic City in New Jersey, Macon Downtown Airport and 7.1 6.9 n.a 100% No Full consolidation Contracts Middle Georgia Airport in Georgia Salvador Concession 7.8 6
Slide 73: VINCI Highways, Railways and Stadium
VINCI Highways VINCI Railways VINCI Stadium FIRST NINE MONTHS 2023 HIGHLIGHTS VINCI “”
Slide 74: VINCI Highways equity invested and breakdowns
Equity invested 479 (VINCI Highways + VINCI Railways) 298 319 309 235 €2.4 bn 47.8% 48.5% 56.7% At 31 Dec. 2022 42.6% 41.8% VINCI Highways 2022 revenue and EBITDA breakdowns 19% 18% Lima Expresa (Peru) 36% Revenue 6% EBITDA 49% Rion-Antirion bridge (Greece) €328 m €147 m ETC Service providers** 29%
Slide 75: Highways portfolio: Germany, UK, Greece
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 border 47 km 2031 50% no Equity method Motorway A5 Malsch–Offenburg 60 km 2039 54% yes Equity method Motorway B247 Mühlhausen-Bad Langensalza
Slide 76: Tunnels and bridges portfolio
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 method Prince Edward Island - Canada Bridge Confederation bridge 2032 85%* yes Full consolidation* mainland 2.9 km mainland–Peloponnese Greece
Slide 77: Stadium portfolio
Stadium Stade de France 80,000 seats, Paris 2025 67% yes Full consolidation Stadium Marie-Marvingt 25,000 seats, Le Mans 2044 100% yes Full consolidation France Stadium Allianz Riviera 36,000 seats, Nice 2041 50% yes Equity method 42,000 seats, Stadium Matmut Atlantique 2045 50% yes Equity method Bo
Slide 78: Railways and other concessions portfolio
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 between Tours and Bordeaux 2061 33.4% yes Equity method Building Park Azur Car rental centre, Nice Airport 2040 100% no Full consolidation En
Slide 79: VINCI Energies
VINCI Energies RST NINE MONTHS 2023 HIGHLIGHTS VINCI “”
Slide 80: VINCI Energies revenue and Ebit margin
Making energy transition and digital transformation a reality 2022 revenue by geographical area Revenue and Ebit margin over the past 5 years 16.7 3%4% France 15.1 7% 13.7 13.7 Germany 12.6 Scandinavia 44% 22% €16.7 bn Rest of Europe 6.5% 6.8% 5.8% 6.0% Americas 5.7% Africa 4% RoW 16% France 10% 34%
Slide 81: VINCI Energies business lines
Making energy transition and digital transformation a reality Technical equipment and management Process operation and control Electrical systems Telecom Infrastructures / Cloud & Data Center systems Electrical, mechanical and thermal engineering / Heating, ventilation, air conditioning Infrastructu
Slide 82: Cobra IS
2023 FIRST HALF RESULTS VINE!
Slide 83: Cobra IS revenue by geography
A leading company in applied industrial engineering and specialised services and a global player in the energy sector 2022 revenue by geographical area 2022 Revenue and Ebit margin 3% 8% Spain Africa 3%3% Latin America Middle East 4% Germany RoW 45% Portugal €5.5 bn 35% Spain 16% 29% International 1
Slide 84: Cobra IS business lines
A leading company in applied industrial engineering and specialised services and a global player in the energy sector Maintenance of energy infrastructure (LV & Installation & Maintenance (HV transmission Primarily energy infrastructure projects Instrumentation, control and security systems MV trans
Slide 85: VINCI Construction
VINCI Construction FIRST NINE MONTHS 2023 HIGHLIGHTS VINCI “”
Slide 86: VINCI Construction revenue and Ebit margin
France’s leading construction company and a major global player 2022 revenue by geographical area Revenue and Ebit margin over the past 5 years 3% 2% France 29.3 6% 26.3 UK 25.1 * 23.2 23.1 * Central & Eastern 16% Europe 3.7% 3.8% 45% Rest of Europe 3.2% 3.3% €29.3 bn Americas 7% Oceania 2.0% 7% Afr
Slide 87: VINCI Construction business lines
France’s leading construction company and a major global player Roadworks Non residential / Residential Civil engineering Railworks Maintenance and management of roads and Refurbishment / New build Geotechnical engineering Earthworks motorways Structural engineering Water infrastructure Asphalt indu
Slide 88: Grand Paris Express works
Around Line 18 (3 overhead stations) €36 bn Construction budget* Line 15 (interior design works 200 km of two stations: Bry- Automatic metro lines Villiers-Champigny and Chatillon Montrouge) 68 New stations Expected completion in 2030 Works by VINCI entities * source: Société du Grand Paris 88
Slide 89: VINCI Immobilier
FIRST NINE MONTHS 2023 HIGHLIGHTS VINCI “”
Slide 90: VINCI Immobilier revenue and reservations
Revenue over the past 5 years 2022 reservations by destination 1.6 1.5 1.3 1.1 1.2 Buy to let private investors 34% Social, 41% Institutional 6,059 Revenue – non residential (€bn) 12% 13% Revenue – residential (€bn) Private owners Managed residences * Including VINCI Immobilier’s share in joint deve
Slide 91: VINCI Immobilier division share of revenue
XX % = % of the division’s 2022 revenue 91
Slide 92: Notes
Notes FIRST NINE MONTHS 2023 HIGHLIGHTS VINE! “”
Slide 93: Investor relations contacts and agenda
Agenda 14 VINCI Autoroutes and VINCI Airports traffic in October 2023 gregoire.thibault@vinci.com boris.valet@vinci.com +33 1 57 98 63 84 +33 1 57 98 62 84 12 Cobra IS Capital Markets Day in Madrid 14 VINCI Autoroutes and VINCI Airports celine.louvet@vinci.com marie.richard@vinci.com traffic in Nove