Vinci Sa Act (VCISF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning. Thanks for joining us for the presentation of Vinci's full year results. You'll see, you'll have noticed that our performance is once again outstanding. Today I'm joined by Christian Labéry, CFO, Deputy Director. Chief Executive, other members of the Executive Committee, several changes of late, the appointment of Thierry Merville as Deputy CFO who will follow on from Christian during the course of the year. We're also with the investor relations team whom you know well and will be available to answer your questions. So, first of all, on this first photograph, We're heading for the Bay of Biscay, where Vinci Energy, Cobra, and Vinci Construction are working together on the new electricity interconnection project between France and Spain, the Inelfe project, set to be completed by 2028. It's the largest DC interconnect line between France and Spain. 400 Ks submarine cable with two conversion plants. It's a fine example in Europe and elsewhere of future exponential investments in power grids. Electrical infrastructure, we first of all think of production infrastructure, nuclear power as well as renewable power, and equally essential infrastructures, which are the power plants. transmission and distribution grids that require as much investment, if not more. And these electrical infrastructure projects are key components of the energy transition, but to a growing extent of energy security and sovereignty. A powerful driver, possibly the most powerful driver for Vinci's business developments. Thank you. Other photographs now in the Killing Sessions business on the left, London Gatwick Airport managed by Vinci Airports, a major milestone reached last autumn was the final approval by the UK government of the transformation plan of the no...