Vinci Sa · EURONEXT:DG
Vinci Sa — Vinci Sa Act — H1 2021 Earnings Presentation
92 slides from Vinci Sa's earnings presentation, Jul 30, 2021
Slide 1: 2021 first half results
2021 first half results 30 July 2021 Completion of La Samaritaine historical building renovation in Paris
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: VINCI Autoroutes: decarbonation of the fleet of vehicles
VINCI Autoroutes: decarbonation of the fleet of vehicles 3
Slide 4: VINCI Airports: 30-year concession of Amazonian airports in Brazil
VINCI Airports: 30-year concession of 7 Amazonian airports in Brazil, including Manaus 4 Manaus Airport Manaus Airport
Slide 5: VINCI Highways: closing of the D4 motorway PPP
VINCI Highways: closing of the PPP contract for the D4 motorway in Czech Republic 5
Slide 6: VINCI Energies: electricity infrastructure contract in Benin
VINCI Energies: contract for the construction of electricity transmission/distribution infrastructures in Benin Cotonou
Slide 7: VINCI Construction: Fehmarnbelt tunnel works start
VINCI Construction: start of the works on the Fehmarnbelt tunnel between Denmark and Germany Copyright: Femern A/S 7
Slide 8: VINCI Immobilier: housing units built in Nice
VINCI Immobilier: 350 housing units built on the site of the former Le Ray stadium car park in Nice, France 8
Slide 9: H1 2021 highlights
H1 2021 highlights Xavier Huillard, Chairman and CEO
Slide 10: H1 2021 highlights
H1 2021 highlights Sharp upturn in revenue and results – return to normal in most business lines - VINCI Energies and VINCI Construction: revenue and earnings in excess of 2019 levels - VINCI Autoroutes: traffic upturn since early May following the easing of restrictions in France - - VINCI Airports
Slide 11: H1 2021 Group key figures
H1 2021 Group key figures Revenue Ebit Ebitda* Free cash flow Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Data in € million (unless otherwise specified) 22,607 1,598 3,132 381 +22% +1,332 +1,329 +563
Slide 12: 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 13: Autoroutes in H1 2021
VINCI Autoroutes in H1 2021 Key takeaways Revenue Ebitda Ebitda/Revenue Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 ▪ Traffic upturn of 28.6% in H1 2021 vs H1 2020 (LV +31.7%; HV +16.2%) €2.4 bn € 1.8 bn 75.4% ▪ Traffic still below H1 2019 +26% +€482 m vs 69.9% in H1 20 -
Slide 14: Airports in H1 2021
VINCI Airports in H1 2021 Revenue Ebitda Ebitda/Revenue Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Key takeaways €371 m € (3) m (0.9%) ▪ Airports passenger numbers still hampered by the Covid-19 -37% -€144 m vs 23.7% in H1 20 pandemic -65% -€611 m vs 56.8% in H1 19 ▪ Tre
Slide 15: Robust order intake despite high comparison base
Robust order intake despite high comparison base Several large contracts won in H1 2021 and positive inflexion on small- and medium-size projects in France By business lines (in € billion) By geographical area (in € billion) 22.8 -2% 22.8* -2% 22.4 22.4 20.7 20.7 7.3 +15% 8.4 7.2 11.0 13.1 -5% 12.4
Slide 16: Energies in H1 2021
VINCI Energies in H1 2021 Revenue Ebit Ebit/Revenue Key takeaways Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 ▪ Revenue significantly up vs H1 2019 ✓ Robust economic environment and, to a lesser extent, €7.2 bn €428 m 6.0% positive impact of external growth +€241 m vs 3.0
Slide 17: Construction in H1 2021
VINCI Construction* in H1 2021 Key takeaways Revenue Ebit Ebit/Revenue Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 ▪ Revenue rebound vs H1 2019 ✓ France: revenue -2%, but +32% vs H1 2020 Firm business levels in public works and civil € 12.2 bn € 213 m** 1.8%** engineering
Slide 18: Immobilier in H1 2021
VINCI Immobilier in H1 2021 Key takeaways Revenue ROI* Housing units ▪ Consolidated revenue up 44% vs H1 2019 excluding reservations Urbat Promotion (integration in January 2021) Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 ✓ Strong prod
Slide 19: H1 2021 financial data
H1 2021 financial data Christian Labeyrie, Executive Vice-President and CFO
Slide 20: H1 2021 consolidated revenue evolution by division
H1 2021 consolidated revenue evolution by division vs H1 2020 Concessions VINCI Energies VINCI Construction Real Estate vs H1 2020 €2,900 m +11.9% €7,162 m +16.8% €12,151 m +26.6% €742 m +70.1% vs H1 2019 -24.4% +12.4% +7.2% +57.8% Organic FX Organic Scope FX Organic Scope FX Organic Scope €22,607 m
Slide 21: Consolidated revenue change by geographical area
H1 2021 consolidated revenue change by geographical area vs H1 2020 France International vs H1 2020 €12,365 m +30.4% €10,242 m +13.7% vs H1 2019 +0.8% +8.2% Organic Scope Organic Scope FX €22,607 m +29.4% +1.0 % +13.6% +1.4% -1.3% €18,493 m Total VINCI Group revenue change H1 2020 vs H1 2020 +22.3%
Slide 22: Operating income from ordinary activities (Ebit)
Operating income from ordinary activities (Ebit) VINCI Ebit: €1,598 million, strongly up vs H1 2020 (+€1,332 m), but still down vs H1 2019 (-€690 m) Ebit margin: 7.1% VINCI Autoroutes VINCI Airports VINCI Immobilier VINCI Energies VINCI Construction +479 vs H1 20 -227 vs H1 19 +241 vs H1 20 1,407 -1
Slide 23: 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 24: 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 25: 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 26: 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 27: Financial policy: strong liquidity and credit rating
Financial policy : strong liquidity and credit rating High level of liquidity Strong credit rating 18.3 S&P A- Outlook stable 17.3 Affirmed for VINCI SA, ASF and Cofiroute in June 2021 13.5 5.8 9.0 Moody’s A3 Outlook stable 3.5 1.2 Affirmed for VINCI SA and ASF in April 2021 1.8 0.3 11.3 Debt refina
Slide 28: 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 28
Slide 29: Outlook and strategy
Outlook and strategy Xavier Huillard, Chairman and CEO
Slide 30: Autoroutes: quick normalisation of traffic, now above 2019 level
VINCI Autoroutes: quick normalisation of traffic, now above 2019 level Change in VINCI Autoroutes monthly traffic levels in 2020 and 2021 (vs. 2019) 20% 0% *From 1 July to 25 July 2021, -20% traffic levels up 1.5% -40% (vs the comparable period of 2019) -60% -80% -100% Jan. Feb. March Apr. May June
Slide 31: Airports impacted by persistent travel restrictions
VINCI Airports impacted by persistent travel restrictions in some countries Change in VINCI Airports monthly passenger numbers* in 2020 and 2021 (vs. 2019) 0% -20% -40% -60% -80% -100% Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July July** 2021 2020 ** F
Slide 32: Contracting order book at an all-time high level
Contracting order book at an all-time high level Order book up ; International accounts for 62% Breakdown by business lines (in € bn) Breakdown by geographical area (in € bn) +9% 46.0 +9% 46.0 42.9 42.4 42.9 42.4 11.2 10.2 9.9 +13% 17.3 18.0 16.9 +3% 13.6 14.1 16.8 32.7 32.5 34.8 +19% +7% 11.2 11.4
Slide 33: 2021 guidance raised for VINCI Energies and VINCI Construction
2021 guidance raised for VINCI Energies and VINCI Construction VINCI Energies VINCI Construction Concessions Business levels continue to depend on measures taken in response to the Covid-19 situation in France and abroad, and on Guidance raised* Guidance raised* the resulting travel restrictions Giv
Slide 34: 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 35: 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 36: Looking beyond
Looking beyond VINCI is confident in its ability to bounce back when health conditions allow it, and is moving forward with enthusiasm Post-crisis growth will be green A great opportunity for VINCI VINCI Autoroutes VINCI Airports’ network VINCI Energies has VINCI Construction has has deployed around
Slide 37: 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 38: 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 39: 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
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Slide 41: Appendices
VINCI Ws Appendices
Slide 42: Financial data
Financial data as of June 30, 2021
Slide 43: 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 44: 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 45: 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 46: 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 47: Recurring operating income 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 48: 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 49: 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 50: 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 51: 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 52: 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 53: 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 54: 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 55: 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. 55
Slide 56: 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 (in € billi
Slide 57: Other information
VINCI Ws Other information
Slide 58: 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 59: 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 60: Key highlights of the agreement with ACS
Key highlights of the agreement with ACS announced on April 1st 2021 • A major strategic move to create a global player in energy contracting and to develop renewables projects Rationale • Around 45,000 people for an additional revenue of more than €6 bn1, mainly in Spain and Latin America • Strong
Slide 61: 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. 61
Slide 62: Business line profiles
VINCI Ws Business line profiles
Slide 63: 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 64: 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 64
Slide 65: VINCI Autoroutes traffic
VINCI Autoroutes H1 2021 VINCI Autoroutes traffic VINCI Autoroutes average traffic growth over 10 years Total Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 Δ H1 2021/H1 2020 120 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 Δ H1 2021/H1 2019 CAGR Q2 2021/ 115 Q2 2011 +28.6% +31.7% +16.2% HV +1.4% 110 -13.7% -16.5% +2.0
Slide 66: VINCI Airports H1 2021 passenger traffic
VINCI Airports H1 2021 passenger traffic Q2 2021 H1 2021 Change Change Change Change Passenger traffic (million pax) 2021 2021 2021/2020 2021/2019 2021/2020 2021/2019 Portugal (ANA) 3,854 na -76.6% 5 255 -46.0% -80.9% o/w Lisbonne 1,777 na -78.7% 2 518 -55.4% -82.8% United Kingdom 762 na -94.7% 1 01
Slide 67: VINCI Autoroutes
VINCI Ws VINCI Autoroutes
Slide 68: 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 68
Slide 69: 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 70: 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 71: VINCI Airports
VINCI Ws VINCI Airports
Slide 72: 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 73: 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 74: 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 75: 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 76: VINCI Highways, VINCI Railways and VINCI Stadium
VINCI Highways, VINCI Railways and VINCI Stadium
Slide 77: 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 77
Slide 78: Highways - Electronic Toll Collection 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 79: 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 80: 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 81: 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 82: 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 83: Contracting
VINCI Ws Contracting
Slide 84: 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 85: VINCI Energies: digital transformation and energy transition
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 86: VINCI 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 2020 revenue by geographical area 9,0% 4% 8,5% 7% 13.7 14.0 14.2 14.
Slide 87: Eurovia: developing sustainable mobility solutions
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 88: 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 89: VINCI Immobilier
VINCI Ws VINCI Immobilier
Slide 90: 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 91: Notes
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Slide 92: IR team and agenda
IR team and agenda TEAM AGENDA 24 August 2021 Grégoire THIBAULT Alexandra BOURNAZEL VINCI Autoroutes and VINCI Airports Head of investor relations Deputy-head of investor relations monthly traffic gregoire.thibault@vinci.com alexandra.bournazel@vinci.com Tel: +33 1 47 16 45 07 Tel: +33 1 47 16 33 46