Vinci Sa · EURONEXT:DG
Vinci Sa — ESG Presentation (March 2024)
57 slides from Vinci Sa's sustainability presentation, March 2024
Slide 1: ESG presentation
performance ESG presentation |
Slide 2: The VINCI Group, Corporate governance, Environmental and Social performance
The VINCI Group Corporate governance Environmental performance Social performance 2
Slide 3: The VINCI Group
VINGcI The VINCI Group
Slide 4: Strong growth of revenue and earnings to new all-time highs
Strong growth of revenue and earnings to new all-time highs VINCI Autoroutes: full-year traffic up year-on-year despite high fuel prices VINCI Airports: continued recovery in pax with Q4 23 overall traffic above pre-pandemic levels – sharp Ebitda growth VINCI Highways: strengthening of its internati
Slide 5: Revenue
Group revenue countries where Est. number of Est. number of Est. number market cap. at (incl. holdings) VINCI operates business units employees of contracts 31 December 2023 Revenue Est. number of employees VINCI Autoroutes VINCI Concessions* VINCI Energies Cobra IS VINCI Construction VINCI Immobili
Slide 6: Key financial data in € million
Data in € million (unless otherwise specified) 6 * Cash flow from operations before tax and financing costs
Slide 7: Free cash flow generation 2014 to 2023
FCF Net income Free cash flow generation 2014 to 2023: €39.4 bn total 10-year CAGR 10-year CAGR +12% +9% FCF: +16% CAGR 6.6 5.3 5.4 4.7 in € million 4.2 4.3 4.0 3.3 3.0 2.9 3.0 3.2 2.5 2.5 2.7 2.5 2.6 2.2 2.0 1.2 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Net income FCF 7
Slide 8: Solid credit rating and substantial liquidity
Solid credit rating Substantial liquidity and solid credit rating A- Outlook stable Confirmed for VINCI in November 2023 High level of liquidity A3 Outlook stable 19.7 19.7 Confirmed for VINCI in July 2023 10.5 -4 6.5 Optimised financing in challenging markets At corporate level (VINCI SA and ASF) D
Slide 9: 2024 outlook by business line
VINCI Autoroutes: traffic levels slightly up VINCI Energies: VINCI Construction: compared to those seen in 2023 ▪ Further organic revenue growth but lower than in 2023 ▪ Business levels stabilised close to those ▪ Confirmation of its high-level operating margin of 2023 VINCI Airports: ▪ Further impr
Slide 10: 2023 dividend per share
2023 dividend per share (all-cash) to be 23 April 2024 Ex-date proposed to the Shareholders’ General Meeting of 9 April 2024 25 April 2024 Payment date 4.50 4.00 3.05 * 2.90 2.67 Total dividend (–) interim dividend 2.45 2.22 2.10 2.04 2.04 1.77 1.84 Interim dividend Special dividend linked to the di
Slide 11: Shareholding structure
Rest of the World Rest of Europe 14.7% Shareholding structure* 4.8% Individual investors 10.7% ▪ More than 1,000 United Kingdom 16.6% institutional investors Institutional Employees ▪ ~166,000 Group employees investors 10.2% 73.2% and former employees are 2.8% Qatar Holding LLC shareholders, includi
Slide 12: Share price evolution from December 2013 to February 2024
Share price evolution from December 2013 to 28 February 2024 130 120 VINCI +148% 110 (+9% p.a.) Market capitalisation 100 100 28 February 2024 90 CAC 40 80 +87% €70 bn 70 (+6% p.a.) 60 50 40 30 20 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 VINCI share CAC 40 rebased 12 * Based
Slide 13: VINCI's DNA
VINCI's DNA ¥ Decentralised management ¥The men and women at the heart of actions and organisations YA local and global approach, rooted in all territories YAn all-round performance REAL SUCCESS THE SUCCESS YOU SHARE VINCI i
Slide 14: A sustainable economic project requires ambitious commitment
A sustainable economic project is impossible without an ambitious social, workforce-related and environmental commitment. 14
Slide 15: 2024 Corporate governance
VINGcI 2024 Corporate governance
Slide 16: Board of Directors (14 members)
Defines the Company’s strategic choices and Board of Directors (14 members) ensures that they are properly implemented Xavier Huillard, Chairman and Chief Executive Officer Maintains the balance of power Yannick Assouad, Lead Independent Director Four specialised Appointments and committees Audit St
Slide 17: Composition of the Board at 31 December 2023
Meetings Attendance rate Female Foreign or Independent 7 ordinary meetings and members* dual national members members* none extraordinary meetings Composition of the Board at 31 December 2023 14 directors, including: 10 independent directors • 2 representing employees • 1 representing employee share
Slide 18: Strategy and CSR Committee
Eight meetings in 2023 92% attendance 90% attendance for all directors, including those who are not permanent members of this committee Benoit Bazin* Carlos F. Aguilar Abdullah Hamad Al Annette Dominique Muller, Alain Saïd (Chairman) Attiyah, permanent Messemer Director representing Director represe
Slide 19: Appointments and Corporate Governance Committee
Three meetings in 2023 100% attendance Yannick Assouad Benoit Bazin* Claude Laruelle Marie-Christine Dominique Muller, (Chair) Lombard Director representing employee shareholders Composition Main responsibilities Activities in 2023 Independent Chair: ✓ Make proposals on the selection of Directors ✓
Slide 20: Appointments and Corporate Governance Committee: succession
The Appointments and Corporate Governance Committee: Ensures that the Chairman and Chief Executive Officer and the Lead Independent Director have properly organised the natural succession process for the Chairman and Chief Executive Officer in the medium term, and that there is always a succession
Slide 21: Lead director profile: Benoit Bazin
Year of first Position(s) Board’s evaluation appointment • Chief executive officer of Saint-Gobain • Chairman of the Strategy and CSR Committee and Benoit Bazin Independent 2020 member of the Appointment and Corporate Governance Committee of VINCI 21
Slide 22: Audit Committee
Five meetings in 2023 100% attendance René Medori Yannick Assouad Caroline Grégoire Claude Laruelle (Chair) Saint Marie Composition Main responsibilities Activities in 2023 Independent Chair: ✓ Monitor the process of compiling financial information ✓ Examination of the budget and accounts ✓ Monitor
Slide 23: Statutory Auditors
Title Year of first appointment Term of office ends PricewaterhouseCoopers Audit • 2024 • 2025 23
Slide 24: Remuneration Committee
Three meetings in 2023 100% attendance Marie-Christine Graziella Gavezotti René Medori Roberto Migliardi Lombard (Director representing (Chair) employees) Composition Main responsibilities Activities in 2023 Independent Chair: ✓ Compensation of the Chairman and Chief Executive Officer ✓ Reviewing th
Slide 25: Directors' aggregate remuneration
◼ Aggregate amount: maximum €1,600,000, approved at the Shareholders’ General Meeting of 17 April 2019 25
Slide 26: Structure of the Chairman and CEO's capped remuneration
Structure of the Chairman and Chief Executive Officer’s Short-term variable component capped remuneration ▪ NET EARNINGS PER SHARE ▪ OPERATING INCOME ▪ CASH FLOW ▪ MANAGERIAL PERFORMANCE ▪ ESG CRITERIA Long-term variable component ▪ ECONOMIC CRITERIA ▪ FINANCIAL CRITERIA ▪ ESG PERFORMANCE ▪ Long-ter
Slide 27: CEO compensation
CEO compensation 4000 3500 3000 2500 2000 1500 1000 500 0 Fixed remuneration short term remuneration of which: economic part of the short term of which: managerial and ESG part of the short long term remuneration * remuneration term remuneration Maximum 2022 2023 27 * Award subject to performance co
Slide 28: Annual calendar to the Shareholders' General Meeting
Dec. Feb. 2024 March 2024 April 2024 2023 31 December: 7 February: 20 March: 5 April: Closing of annual Publication of 2023 Distribution of Record date* accounts annual results Notice of Meeting 28 February: Publication of Shareholders’ 9 April: General Meeting Agenda in Shareholders’ General French
Slide 29: 2023 Environmental Performance
VINGcI 2023 Environmental Performance
Slide 30: CDP ratings and EU taxonomy
of eligible revenue of eligible Capex of aligned revenue of aligned Capex 2023 2022 2021 2020 Transparency score: 98% CDP Climate A- A A A- CDP Water Security B B B B CDP Forest C C C C « Best in class » in 2023 airports achieved Net Zero (in heavy construction sector) emissions for Scopes 1 and 2 3
Slide 31: Act for the climate, preserve natural environments
Act for the Preserve natural climate environments VINCI
Slide 32: Climate, circular economy and natural environments
Optimise resources thanks Preserve Act for the climate to circular economy natural environments Scopes 1 & 2 emissions in 2023 of recycled materials Towards (over 54 in total) using zero recycled materials out of VINCI Construction total annual phytosanitary products for GHG emissions production in
Slide 33: Greenhouse gas emissions reduction levers
-14% greenhouse gas emissions in 2023 vs 2018 (scopes 1 & 2, adjusted from the impact of acquisitions) COMPANY CARS, WORKSITE MACHINERY INDUSTRIAL UTILITY VEHICLES ACTIVITIES BUILDINGS >50% 12% 70 kWh/t 37% worksite machines of vehicles converted to energy performance of electricity consumed equippe
Slide 34: GHG emissions targets and actual trajectory
Data in absolute value and adjusted for the impact of acquisitions 45% 40% 40% 40% 40% 39% 37% 35% -30% 35% 32% 30% Remaining reduction of GhG emissions (scopes 1&2) 30% one point lower than in 2022 32% 32% 31% 25% 29% 21% 20% 15% 10% 5% 0% 0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2
Slide 35: Scope 3 emissions and reduction levers
Other purchases Other (including Sub- Other upstream Usage downstream Purchase of materials transport) contracting impacts Concession traffic Energy equipment Buildings impacts 36% UPSTREAM 64% DOWNSTREAM ✓ 2030 Ambition: 90% of low- ✓ Route and travel ✓ Low Carbon Highway ✓ Eco-design of buildings
Slide 36: Employee environmental engagement
Candidate initiatives Employees who have taken the environmental ambition e-learning Number of voters Motivated and Relays trained in the committed pioneers in regions the ecowork community 36
Slide 37: Renewable energy solutions
VINCI's business lines are adapting their expertise and developing solutions in renewable energy - solar and wind in particular - to make a full contribution to the energy transition and to improve the energy mix of tomorrow. Power Road® : what if the road heated the city? The application contribute
Slide 38: Solutions for the ecological transition
In response to the ecological emergency, VINCI provides concrete solutions to accelerate the transformation of living environments, infrastructures and mobility. Exegy®, Too Electric, making low-carbon accelerating electric concrete widespread mobility Resallience, adaptation engineering Diagnosis o
Slide 39: Low carbon maintenance and renaturation
Renaturation of the motorway domain Low carbon motorway maintenance The perpetual quarrier Reusing water from air of green space conditioning systems Maximising the recycling and reuse of asphalt off-cuts (between CompenSEA, 70% and 100%), while optimizing greenhouse gas emissions Monitoring compens
Slide 40: 2023 Social Performance
VINGcI 2023 Social Performance
Slide 41: Social performance key figures
More than long-term unemployed female managers in 2023 hours of training provided of all employees can of companies without lost- (vs 18.5% in 2016) subscribe to an employee people supported in 2023 in 2023 time occupational accidents share ownership on integration programmes programme workplace acc
Slide 42: Health and safety
72% 74% 6.60 5.66 2017 2023 2017 2023 ✓ An in-house network of 2,800 health and safety specialists ✓ Trainings and best practices : ✓ 44% of training hours on health & safety ✓ 2.6 million hours of training in health & safety ✓ Subcontracting and customer awareness 42 42
Slide 43: Diversity and women in management
Percentage of women in managerial positions 16.4% 23.1% in 2012 in 2023 : • Increase the percentage of women in management positions and the percentage of women members of the Group’s management committees to 30% • An in-house diversity network of nearly 600 active members • Fostering the employment
Slide 44: Guidance, recruitment and development of women
1. Guidance 2. Recruitment 3. Development • Nearly 740 VINCI sponsors and relays • Targeted actions with students, especially • A Connect'HER banner to accompany all • Actions carried out in 25 countries from INSA since 2018 initiatives • Clauses in recruitment mandates relating • Training courses d
Slide 45: Youth integration and internships
1 2 Offer week internships for middle-school Guide, empower and professionally support middle- students to discover the enterprise world school students in collaboration with 4 associations, academic rectorates and partners 3 4 Strenghten 14-25 years old’s skills Facilitate the access to internships
Slide 46: Training and employee savings
22 hours of training on average per employee €490 M paid out to French employees through employer contributions, profit-sharing, incentive and retirement saving plans 46 46
Slide 47: Code of ethics documents available in 30 languages
Documents available in 30 languages and for 99% of employees 47 47
Slide 48: VINCI Integrity alert platform
https://www.vinci-integrity.com • • • 48 48
Slide 49: Human rights guide and e-learning
DEDICATED E-LEARNING AVAILABLE TO ALL EMPLOYEES IN ENGLISH, FRENCH, SPANISH, PORTUGUESE AND POLISH THE GUIDE: • identifies VINCI’s salient issues (5 areas divided into 17 themes) and associated guidelines for each theme; • has a universal dimension within the group; • applies to all our companies re
Slide 50: Deployment of the human rights approach
Deployment of the approach fo} MAPPING OF KEY HUMAN RIGHTS RISKS ATGROUP LEVEL + 7aaae HUMAN 2 '& © At Holding level. R S RIGhuLS en © VINCI’s Guide on human rights and its appendix. 20 ine ALERT MECHANIS PRIORITISATION AND RISKS MAPPING AT COUNTRY LEVEL -7aAumim= © At social responsibility team lev
Slide 51: Human rights risk mapping by country
38 countries 98 subsidiaries 30,000 employees (vs. 32 end of 2022) (vs 81 end of 2022) (vs. 23,000 end of 2022) 24 % of the 64 % of the Group’s 82 % of workforce Group’s workforce workforce in non- in very high-priority (excluding France) OECD member countries* countries (vs. 20 % end of 2022) (vs.
Slide 52: Collaborative initiatives
Collaborative initiatives Entreprises pour les droits de l/Homme esponsibly Leadership Group for responsible recruitment Global Compact B4IG - Business for inclusive growth Global Deal Global Business Network for Social Protection Floors (French platform) o £ VINE! “”
Slide 53: Building Responsibly
Group of leading engineering and construction companies working together to raise the bar in promoting the rights and welfare of workers across the industry and to facilitate the dissemination of workers’ welfare standards throughout the value chain (subcontractors, customers, partners, etc.) Buildi
Slide 54: Socio-economic footprint of VINCI's activities in France
Socio-economic footprint of VINCI's activities in France by Utopies© ete) 96.5% OF PURCHASES MADE IN FRANCE CA FOR FRENCH ACTIVITIES 463,100 JOBS €13 billion OF PURCHASES | €35 billion | PR» 49% SUPPORTED IN FRANCE, FROM FRENCH SUPPLIERS OF GDP CONTRIBUTION, Ce crpurcuases mane LE. AND LE. WITH VSEs
Slide 55: Socio-economic footprint publications
• Syntheses for each business line and territory • Dedicated platform on the Group’s intranet and website Website: Empreinte socio-économique - Publications - Développement durable [VINCI] 55
Slide 56: Investor relations contacts
gregoire.thibault@vinci.com patrick.richard@vinci.com isabelle.spiegel@vinci.com +33 1 57 98 63 84 +33 1 57 98 64 90 +33 1 57 98 63 72 boris.valet@vinci.com nathalie.boivin@vinci.com alexandra.bournazel@vinci.com +33 1 57 98 62 84 +33 1 57 98 63 52 +33 1 57 98 63 86 sylvie.deromemont@vinci.com sarah
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