Vinci Sa Act (VCISF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to you all. Thanks for joining us for the presentation of Vinci's half-yearly results. You'll see, and I'm sure you've already read, that our financial performance is excellent, I would say. even once again. Excellent. I'm joined today by Thierry Mirville, CFO of Vinci since the 1st of June. Thierry's been the group for over 30 years. He's a pure product made in Vinci and notably was CFO of Vinci Energy for 12 years, taking an active part in this tremendous success story. He was head of treasury and Finance and Tax of Vinci at the Holding for three years with Christian Labeyrie. He was schooled in good hands, so he was CFO of Vinci Construction for five years on my side, during which we learned to get to know one another, work together, and we form a tandem that works very well. I'm also joined this morning by other members of the Executive Committee, as well as Gregoire Thibault and his investor relations teams will be available to answer all your questions. Now, this first half of 2026 delivers once again an excellent performance by Vinci, driven by the dynamic trajectory of energy solutions. The result is quite remarkable in the current context of geopolitical macroeconomic context that you're familiar with that weighed particularly on concessions traffic. The takeaways over and above Energy Solutions that we'll return to, that in this environment our teams were able to adapt rapidly to control at best the costs. It's a new illustration of the efficiency of our decentralized organization, agile, responsive, tirelessly focusing in our three businesses on margin increase, cash flow generation of value creation over time. It also reflects the ability of groups, companies to pass on inflation Furthermore, in this fragmented global environment, our belief ...