Vinci SA · EURONEXT:DG
Vinci SA — Q1 2022 Earnings Presentation
84 slides from Vinci SA's earnings presentation, 2022
Slide 1: First quarter 2022 highlights
First quarter 2022 highlights VINCI awarded contract for the Takitimu North Link road in south-east Auckland, New Zealand
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: Q1 2022 highlights
VINCI Ws Q1 2022 highlights
Slide 4: Q1 2022 highlights
Q1 2022 highlights Firm operational performance Concessions: higher traffic levels at VINCI Autoroutes - further improvement in passenger numbers at VINCI Airports Energy: buoyant business levels and order intake at VINCI Energies - Integration of Cobra IS Construction: good momentum Very large Very
Slide 5: Q1 2022 consolidated revenue
Q1 2022 consolidated revenue Δ 2022/2021 € in millions Q1 2022 Q1 2021 Actual Comparable Concessions * 1,779 1,325 +34.2% +32.9% VINCI Autoroutes 1,274 1,108 +15.0% +15.0% VINCI Airports 405 155 2.6x 2.5x Other Concessions 99 62 +60.0% +56.6% (VINCI Highways, VINCI Railways, VINCI Stadium) VINCI Ene
Slide 6: Q1 2022 consolidated revenue change by division
Q1 2022 consolidated revenue change (vs Q1 2021) by division Real Concessions VINCI Energies Cobra IS VINCI Construction Estate €1,779 m +34.2% €3,633 m +6.7% €1,234 m €5,967 m +13.6% €337 m +5.4% Organic Scope FX Organic Scope FX Scope Organic Scope FX Organic €12,847 m +0.8% +1.5% +5.4% +11.2% €10
Slide 7: Q1 2022 consolidated revenue change by geographical area
Q1 2022 consolidated revenue change (vs Q1 2021) by geographical area France International €6,234 m +7.3% €6,613 m +51.4% €12,847 m Organic Scope Organic Scope FX +2.6% +30.3% €10,178 m +0.4% +18.5% +6.9% Total VINCI Group revenue change Q1 2021 +26.2% +12.0% +13.1% +1.1% Q1 2022 Organic Scope FX 7
Slide 8: VINCI Autoroutes: Q1 2022 key takeaways
VINCI Autoroutes: Q1 2022 key takeaways Signing of a low carbon agreement in the French Basque Country to roll-out decarbonation initiatives along the A63 and A64 motorways ▪ Revenue: €1,274 m (+15% vs Q1 21, +9% vs Q1 19) ▪ Traffic levels in Q1 22 remained on a firm upward trajectory (+15.2% vs Q1
Slide 9: VINCI Autoroutes traffic
VINCI Autoroutes traffic Q1 2022 VINCI Autoroutes traffic VINCI Autoroutes – Rolling twelve months traffic over 10 years Total CAGR Q1 2022/ Δ Q1 2022/Q1 2021 Δ Q1 2022/Q1 2021 Δ Q1 2022/Q1 2021 125 Q1 2012 Δ Q1 2022/Q1 2019 Δ Q1 2022/Q1 2019 Δ Q1 2022/Q1 2019 120 HV +1.9% +15.2% +17.7% +4.9% 115 +2
Slide 10: VINCI Airports: Q1 2022 key takeaways
VINCI Airports: Q1 2022 key takeaways Inauguration of the new Santiago international airport in Chile, aiming at doubling the airport capacity to 38 mPax per year ▪ Revenue: €405 m (2.6x Q1 21, -27% vs Q1 19 at constant perimeter) ▪ Gradual return of passenger numbers* to pre-pandemic levels (-46% v
Slide 11: VINCI Airports traffic
VINCI Airports traffic VINCI Airports monthly passenger numbers* in 2020, 2021 and 2022 (vs 2019) Traffic breakdown by segment* (FY 2019) 0% 1% Tourism/Leisure 56% VFR (Visiting Friends & Relatives) 21% -20% Business Other 22% -40% * Estimates based on internal surveys realised in the airports -60%
Slide 12: VINCI Airports traffic details over Q1 2022
VINCI Airports traffic details over Q1 2022 Q1 Change Change Passenger traffic (in thousands of pax) 2022 Q1 22 / Q1 21 Q1 22/Q1 19 Portugal (ANA) 8,195 5.8x -25.6% o/w Lisbonne 4,519 6.1x -27.7% United Kingdom 4,701 18.8x -57.3% o/w LGW 3,809 24.6x -60.6% France 2,633 3.5x -40.3% o/w ADL 1,452 3.2x
Slide 13: VINCI Energies: Q1 2022 key takeaways
VINCI Energies: Q1 2022 key takeaways Cooperation agreement signed with Enapter in Germany to build green ▪ Q1 22 revenue: €3,633 m (+6.7% vs Q1 21, +4.5% lfl): hydrogen production installations responding to industry performance ✓ France revenue up 4.4%, driven by the industry and the building solu
Slide 14: Cobra IS: Q1 2022 key takeaways
Cobra IS: Q1 2022 key takeaways Development of an electric power converter to connect a 900MW offshore wind farm to an onshore converter point on the German North Sea coast ▪ Q1 22 revenue: €1,234 m ✓ Good momentum in flow-business – particularly in Spain, Peru and Mexico – and in EPC projects ✓ 46%
Slide 15: VINCI Construction: Q1 2022 key takeaways
VINCI Construction: Q1 2022 key takeaways Phase 1 of the construction of the new Princess Grace Hospital Centre (Monaco) ▪ Q1 22 revenue: €5,967 m (+14% vs Q1 21, +11% lfl) ✓ France revenue up 3.2%, fuelled by robust business levels in civil engineering and roadworks as well as several major develop
Slide 16: VINCI Immobilier: Q1 2022 key takeaways
VINCI Immobilier: Q1 2022 key takeaways Sales before completion (VEFA) of the 3,500 sqm retail spaces of the future To- Lyon tower ▪ Consolidated revenue: €337 m (+5% vs Q1 21): ✓ Production levels still robust in both residential and commercial sectors ▪ Housing units reservations in France went do
Slide 17: Order intake as of March 31, 2022
Order intake as of March 31, 2022 VINCI Construction and VINCI Energies order intake at €11.4 bn, almost unchanged yoy despite high comps Cobra IS order intake at €1.1 bn By business lines (in € billion) By geographical area (in € billion) +8% 12.5 +8% 12.5 +19% 11.6 1.1 +19% 11.6 9.7 9.7 4.3 +2% 5.
Slide 18: Order book up 2% yoy (excl. Cobra IS)
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) 52.7 +4% 55.0 5
Slide 19: Financial policy: substantial liquidity
Financial policy: substantial liquidity Strong liquidity despite Cobra IS acquisition Strong LT credit rating 17.8 15.5 9.8 S&P A- Outlook stable 7.0 Confirmed in March 2022 * * 8.0 8.5 Moody’s A3 Outlook stable 31 March 2021 31 March 2022 Confirmed in October 2021 Net cash managed Data in € billion
Slide 20: 2022 Outlook maintained
2022 Outlook maintained ✓ Confirmation of the trends expected for 2022, within a sanitary and geopolitical environment not stabilized Energy VINCI Construction Concessions VINCI Energies’ markets remaining buoyant, it should be able to continue growing its VINCI Autoroutes expects full-year Given it
Slide 21: Dividend per share
Dividend 28 April 2022 2021 dividend per share approved during the €2.90 Payment date (all cash) Shareholder’s General Meeting of 12 April 2022 per share 26 April 2022 Ex-date 2021 pay-out ratio: 64% 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
Slide 22: 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 22
Slide 23: 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 24: 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 25: VINCI's strategy
VINCI’ strategy Long cycles/significant equity investments Short cycles/low equity investments CONCESSIONS CONSTRUCTION & ENERGY ✓ Extension of average maturity of the portfolio ✓ Prioritise margin over revenue growth ✓ Strengthening of the group’s footprint in mobility ✓ Rigorous risk monitoring /
Slide 26: Acquisition of Cobra IS (ACS' energy business)
Acquisition of Cobra IS (ACS’ energy business) A MAJOR STRATEGIC MOVE NOTEWORTHY ONGOING PROJECTS ✓ Create a global player in energy contracting to support the energy transition ✓ Develop renewable projects, with an identified Future 570 MW solar PV farm Future 110 MW onshore potential of c.15 GW ov
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Slide 28: Appendices
VINCI Ws Appendices
Slide 29: Financial Data as of March 31, 2022
Financial Data As of March 31, 2022
Slide 30: Q1 2022 consolidated revenue - France
Q1 2022 consolidated revenue - France Δ 2022/2021 € in million Q1 2022 Q1 2021 Actual Like-for-like * Concessions 1,375 1,164 +18% +18% VINCI Autoroutes 1,274 1,108 +15% +15% VINCI Airports 71 37 +92% +92% ** Other Concessions 30 19 +56% +56% VINCI Energies 1,703 1,631 +4.4% +3.6% Cobra IS 8 VINCI C
Slide 31: Q1 2022 consolidated revenue - International
Q1 2022 consolidated revenue - International Δ 2022/2021 € in million Q1 2022 Q1 2021 Actual Like-for-like * Concessions 404 162 2.5x 2.4x VINCI Airports 335 119 2.8x 2.6x ** Other Concessions 69 43 +62% +57% VINCI Energies 1,931 1,774 +8.8% +5.3% Cobra IS 1,226 VINCI Construction 3,058 2,436 +26% +
Slide 32: Other information
VINCI Ws Other information
Slide 33: 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 Immobilier Revenue: €7.0 bn Revenue: €15.1 bn Re
Slide 34: Strong free cash flow generation and high cash conversion
Strong free cash flow generation and high level of cash conversion Free cash flow generation 2012 to 2021: €31.5 bn total FCF Net income 10-year CAGR 10-year CAGR 5.3 +18% CAGR +9.5% +3.2% 4.2 4.0 3.2 3.3 3.0 2.9 3.0 2.7 2.5 2.5 2.5 2.6 2.2 2.2 1.9 2.0 2.0 2.0 1.2 2012 x3 x4 2013 x5 x6 2014 x7 x8 20
Slide 35: 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 36: Shareholder base at 31 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 37: 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. » 37
Slide 38: Financial Data as of December 31, 2021
Financial Data As of December 31, 2021
Slide 39: Consolidated revenue
Consolidated revenue Δ 2021/2020 Δ 2021/2019 in € million FY 2021 FY 2020 FY 2019 Actual Like-for-like Actual Concessions 7,046 5,839 8,544 +20.7% +20.9% -17.5% VINCI Autoroutes 5,550 4,613 5,593 +20.3% +20.3% -0.8% VINCI Airports 1,188 990 2,631 +19.9% +19.8% -54.9% Other Concessions 309 235 319 +3
Slide 40: International: 47% of FY 2021 revenue
International: 47% of FY 2021 revenue France €26.3 bn +15% stable 53% Central & North America Eastern Europe +4% +4% +16% +24% €2.3 bn €3.9 bn 5% 8% Western Europe (excl. France) +15% +7% €11.6 bn Asia/Middle East/ 23% Oceania +6% -4% €2.5 bn Central & Africa 5% South America +27% -5% +13% -3% €1.6
Slide 41: Consolidated revenue - France
Consolidated revenue - France Δ 2021/2020 Δ 2021/2019 in € million FY 2021 FY 2020 FY 2019 Actual Like-for-like Actual Concessions 5,867 4,871 6,079 +20.4% +20.4% -3.5% VINCI Autoroutes 5,550 4,613 5,593 +20.3% +20.3% -0.8% VINCI Airports 220 185 371 +19.2% +19.2% -40.5% Other Concessions 96 73 115
Slide 42: Consolidated revenue - International
Consolidated revenue - International Δ 2021/2020 Δ 2021/2019 in € million FY 2021 FY 2020 FY 2019 Actual Like-for-like Actual Concessions 1,180 968 2,464 +21.9% +23.2% -52.1% VINCI Airports 967 805 2,261 +20.1% +19.9% -57.2% Other Concessions 213 162 204 +30.9% +41.2% +4.5% VINCI Energies 8,399 7,80
Slide 43: Ebit by business line
Ebit - operating income from ordinary activities by business line % of % of % of Δ Δ in € million FY 2021 FY 2020 FY 2019 revenue* revenue* revenue* 2021/2020 2021/2019 Concessions 2,683 38.1% 1,586 27.2% 3,989 46.7% +1,097 -1,305 VINCI Autoroutes 2,841 51.2% 1,981 42.9% 2,967 53.0% +860 -125 VINCI
Slide 44: Income statement
Income statement (in € million) FY 2021 FY 2020 FY 2019 Δ 2021/2020 Δ 2021/2019 Operating income from ordinary activities (Ebit) 4,723 2,859 5,734 +1,864 -1,011 % of revenue 9.6% 6.6% 11.9% Share-based payment expense (IFRS 2) (288) (240) (291) Profit/loss of equity-accounted cos. & miscellaneous 29
Slide 45: Recurring operating income by business line
Recurring operating income (ROI) by business line % of in € million FY 2021 % of revenue* FY 2020 FY 2019 % of revenue* Δ 2021/2020 Δ 2021/2019 revenue* Concessions 2,583 36.7% 1,459 25.0% 4,146 48.5% +1,124 -1,563 VINCI Autoroutes 2,828 50.9% 1,968 42.7% 2,948 52.7% +860 -120 VINCI Airports (265) (
Slide 46: Ebitda by business line
Ebitda by business line % of % of in € million FY 2021 FY 2020 FY 2019 % of revenue* Δ 2021/2020 Δ 2021/2019 revenue* revenue* Concessions 4,676 66.4% 3,491 59.8% 5,796 67.8% +1,185 -1,120 o/w VINCI Autoroutes 4,116 74.2% 3,231 70.0% 4,178 74.7% +885 -62 o/w VINCI Airports 385 32.4% 146 14.7% 1,466
Slide 47: Ebitda change by business line
Ebitda change by business line VINCI Group Ebitda: €7,884 million (+1,965 vs FY 20, -613 vs FY 19) Ebitda margin: 16.0% (+230 bp vs FY 20, -170 bp vs FY 19) VINCI Autoroutes VINCI Airports VINCI Energies VINCI Construction VINCI Immobilier +885 vs FY 20 -62 vs FY 19 4,178 4,116 3,231 +516 vs FY 20 +
Slide 48: Cash flow statement (1/2)
Cash flow statement (1/2) in € million FY 2021 FY 2020 FY 2019 Ebitda 7,884 5,919 8,497 * Change in WCR and current provisions 1,579 2,330 428 Income taxes paid (1,213) (1,054) (1,547) Net interest paid (557) (590) (458) Dividends received from companies accounted for under the equity method 112 71
Slide 49: Cash flow statement (2/2)
Cash flow statement (2/2) in € million FY 2021 FY 2020 FY 2019 Free cash flow (after CAPEX) 5,282 3,990 4,201 Net financial investments and other cash flows (4,643)* (370) (8,335) Cash flow before movements in share capital 639 3,619 (4,134) Share capital increases and other operations 721 648 933 D
Slide 50: Operating CAPEX
Operating CAPEX in € million FY 2021 FY 2020 FY 2019 Δ 2021/2020 Δ 2021/2019 Concessions 77 180 242 -103 -165 VINCI Autoroutes 23 22 24 +1 -1 * VINCI Airports 44 138 205 -94 -161 Other Concessions 9 19 12 -10 -3 VINCI Energies 182 164 160 +18 +22 VINCI Construction 758 624 808 +134 -50 VINCI Immobil
Slide 51: Growth CAPEX in concessions and PPPs
Growth CAPEX in concessions and PPPs in € million FY 2021 FY 2020 FY 2019 Δ 2021/2020 Δ 2021/2019 Concessions 841 1,035 1,026 -194 -185 VINCI Autoroutes 677 731 775 -54 -98 Of which: ASF 230 333 266 -103 -35 Escota 120 86 92 +34 +27 Cofiroute 224 216 181 +8 +42 Arcos 95 89 227 +6 -132 VINCI Airports
Slide 52: Consolidated balance sheet
Consolidated balance sheet (in € million) 31 Dec. 2021 31 Dec. 2020* 31 Dec. 2019* Δ 2021/2019 Non-current assets – Concessions 40,437 40,879 42,968 -2,531 Non-current assets – Energy, Construction and other 19,976 14,212 14,055 +5,921 WCR, provisions and other current assets & liabilities (11,621)
Slide 53: Net financial debt by business line
Net financial debt by business line Of which external Of which external Δ 31 Dec. 2021/ 31 Dec. 2021 net debt 31 Dec. 2020 net debt in € million 31 Dec. 2020 Concessions (32,693) (19,664) (32,718) (20,409) +25 VINCI Autoroutes (18,008) (13,296) (18,318) (14,484) +310 VINCI Airports (11,723) (5,860)
Slide 54: Limited increase in net financial debt during FY 2021
Limited increase in net financial debt during FY 2021 (€1.3 bn) despite Cobra IS acquisition (in € billions) Free cash flow: €5,282 m vs €3,990 m in FY 2020 and €4,201 m in FY 2019 (19.3) (18.0) Dividends & Miscellaneous (2.0) Acquisitions / EBITDA Capex Disposals (4.7) O/w: 7.9 ∆ Working capital In
Slide 55: Maturity of LT gross financial debt
Maturity of LT gross financial debt Average maturity of LT gross financial debt (€28.6 bn) as of 31 December 2021: 7.3 years* 3,500 3,000 2,500 € Million 2,000 1,500 1,000 500 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 >2037 Groupe ASF Cofiroute Arcour Arcos VINCI A
Slide 56: Average cost of future debt repayments
Average cost of future debt repayments 2022 2023 2024 2025 2026 2027 Nominal amount in € million 3,209 1,580 1,487 1,773 2,119 2,491 Average rate* 2.23% 1.30% 3.23% 0.55% 2.09% 0.95% * After hedging 56
Slide 57: Natural hedging against interest rates rises
Natural hedging against interest rates rises 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 breakdown between fixed and floating rates (in € billion) 28.4 27.9 28.6 5
Slide 58: Business line profiles
VINCI Ws Business line profiles
Slide 59: 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 60: Concessions capex forecasts
Concessions capex forecasts* In € million 1,600 1,400 1,200 1,000 VINCI Airports (incl. London Gatwick) 800 VINCI Autoroutes** 600 400 200 0 2022e 2023e 2024e * As of 31 December 2021 and including fully consolidated assets only ** Excluding capex related to the Montpellier Western bypass 60
Slide 61: VINCI Autoroutes
VINCI Ws VINCI Autoroutes
Slide 62: 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 63: 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 64: Autoroutes FY 2021 traffic
VINCI Autoroutes FY 2021 VINCI Autoroutes traffic Of which: VINCI Autoroutes - Rolling twelve months traffic over 10 years Total Δ FY 2021/FY 2020 Δ FY 2021/FY 2020 Δ FY 2021/FY 2020 125 Δ FY 2021/FY 2019 Δ FY 2021/FY 2019 Δ FY 2021/FY 2019 120 CAGR Q4 2021/ Q4 2011 115 +22.1% +24.4% +10.2% HV +1.8%
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.) 53* platforms in 12 countries 255 195 157 132 77 86 69 43 47 10 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Passengers traffic* (milli
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 (1/2) 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: Airports FY 2021 passenger traffic
VINCI Airports FY 2021 passenger traffic Q4 2021 FY 2021 FY 2019 Change Change Change Change Passenger traffic (thousand pax) 2021 2021 2019 2021/2020 2021/2019 2021/2020 2021/2019 Portugal (ANA) 9,632 +217% -27.2% 24,899 +38.6% -57.9% 59,120 o/w Lisbon 5,061 +241% -31.3% 12,149 +31.2% -61.0% 31,173
Slide 71: VINCI Highways, VINCI Railways and VINCI Stadium
VINCI Highways, VINCI Railways and VINCI Stadium
Slide 72: 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 73: 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 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 2033 33.3% yes Equity method France Tunnel Prado Sud 1.9 km road tunnel, Marseille 2055 58.5% yes Equity metho
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 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 76: Non-controlling stakes in concessions
Non-controlling stakes in concessions VINCI share, based on best estimates as of 31/12/2021 Projects consolidated under the equity method In € millions Equity invested Equity to be Equity committed at 31/12/2021 invested LISEA 258 258 0 Kansai Airports (Japan) 253 253 0 Santiago Airport (Chile) 193
Slide 77: Energy & Construction
VINCI Ws Energy & Construction
Slide 78: 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 79: 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 80: 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 81: VINCI Immobilier
VINCI Ws VINCI Immobilier
Slide 82: VINCI 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 83: Notes
Notes VINCI “_ i eeeeeeereerrrrrr—“‘ti‘s:SCSsSCSCSCSCSCSCSCSstsSEES
Slide 84: IR team and agenda
IR team and agenda TEAM 16 May 2022 Grégoire THIBAULT Boris VALET VINCI Autoroutes and VINCI Airports traffic Head of investor relations Investor relations officer in April 2022 gregoire.thibault@vinci.com boris.valet@vinci.com Tel: +33 1 57 98 63 84 Tel: +33 1 57 98 62 84 15 June 2022 VINCI Autorou