vinci - 2012 profile · as a private-sector company contributing to the development of society,...
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2012 Profile
Group
VINCI is the world leader in construction and concessions, employing more than 183,000 people in some 100 countries. We design, build, finance and manage facilities that improve everyday life: the systems that transport us, the public and private buildings in which we live and work, the urban developments that create and improve our communities, and the water, energy and communication networks vital to human existence.
As a private-sector company contributing to the development of society, VINCI’s integrated concession-construction business model successfully blends a focus on today’s priorities with the long-term sustainability of its accomplishments.
Profile
2012 Profile VINCI 01
Corporate governance
Xavier HuillardChairman and Chief Executive Officer, VINCI
Christian LabeyrieExecutive Vice-President and Chief Financial Officer, VINCI
Richard FrancioliExecutive Vice-President, Contracting, VINCI
Jean-Yves Le BrousterChairman, VINCI Energies
Jean RossiChairman, VINCI Construction
Jacques TavernierChairman and Chief Executive Officer, Eurovia
Louis-Roch BurgardChief Executive Officer, VINCI Concessions
Pierre CoppeyChairman, VINCI Autoroutes
Bruno DupetyChief Operating Officer, VINCI Construction
Yves MeigniéChief Operating Officer, VINCI Energies
Jean-Luc PommierVice-President, Business Development, VINCI
Franck MouginVice-President, Human Resources and Corporate Social Responsibility, VINCI
Pierre DupratDirector of Corporate Communications, VINCI
Patrick RichardGeneral Counsel, VINCI Secretary to the Board of Directors
Xavier HuillardChairman and Chief Executive Officer, VINCI
Yves-Thibault de SilguyVice-Chairman and Senior Director of the Board, VINCI
Dominique Bazy (*)
Managing Partner, Barber Hauler Capital Advisers
Élisabeth BoyerOperations control centre supervisor, Cofiroute; Chairman of the Supervisory Board of the Castor corporate mutual funds
Robert CastaigneFormer Chief Financial Officer and former member of the Executive Committee, Total
François DavidChairman, Coface SA
Patrick FaureChairman, Patrick Faure et Associés
Dominique FerreroAdviser to the Chairman of Natixis
Jean-Pierre Lamoure (**)
Chairman of the Board of Directors, Soletanche Freyssinet
Jean-Bernard LévyChairman of the Management Board, Vivendi
Michael PragnellChairman of the Council of Trustees, Cancer Research UK
Henri Saint OliveChairman of the Board, Banque Saint Olive
Pascale SourisseSenior Vice President, Defence and Security C4I systems, Member of the Executive Committee, Thales
Qatari Diar Real Estate Investment CompanyCompany registered under Qatari law,represented by Yousuf Ahmad Al Hammadi
Board of Directors
The Executive Committee is responsible for managing VINCI.
Executive Committee
(*) Mr Dominique Bazy has indicated that he will not seek the renewal of his appointment as Director, which expires at the close of the Shareholders’ General Meeting to be held on 12 April 2012.(**) Renewal of appointment for a period of four years proposed to the Shareholders’ General Meeting of 12 April 2012.
02 VINCI 2012 Profile
Group
2011 key business figures
Revenue(in € millions)
France International Concession
subsidiaries’ revenue derived from works carried out by non-Group companies
33,376 (*)
20100
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,0
23,562
13,39412,454
20,922
627690
36,956 (*)
2011
Revenue by business (*) (in € millions and as a percentage)
Concessions 5,297 14%
Contracting 31,495 85%
Holding companies and misc. 164 1%
0
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,0
0
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,0
Operating income from ordinary activities by business (in € millions and as a percentage)
Concessions 2,149 59%
Contracting 1,435 39%
Holding companies and misc. 76 2%
0
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,0
Revenue by geographical area (*)
(in € millions and as a percentage)
France 23,562 63.8%Central and Eastern Europe 2,490 6.7%United Kingdom 2,071 5.6%Germany 2,101 5.7%Benelux 1,570 4.2%Rest of Europe 1,079 2.9% Americas 1,284 3.5%Africa 1,710 4.6%Asia, Middle East, rest of the world 1,089 3.0%
Operating income from ordinary activities(in € millions and as a percentage of revenue (*))
0
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,0
Net income attributable to owners of the parent(in € millions and as a percentage of revenue (*))
0
5000
10000
15000
20000
25000
30000
35000
40000
0,0
457,5
915,0
1372,5
1830,0
2287,5
2745,0
3202,5
3660,0
0
238
476
714
952
1190
1428
1666
1904
0,00
670,75
1341,50
2012,25
2683,00
3353,75
4024,50
4695,25
5366,00
0,0
1632,5
3265,0
4897,5
6530,0
8162,5
9795,0
11427,5
13060,01,776
2010
1,904
2011
3,434
2010
3,660
2011
10.3% 9.9%
5.2%5.3%
(*) Excluding conces-sion subsidiaries’ revenue derived from works carried out by non-Group companies.
2012 Profile VINCI 03
Group
2011 key human resources figures
Work-and-study Fixed-term Unlimited-term0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
179,527
2010
160,696
18,47717,216
158,392
3,919 4,147
183,320
2011
2,2731,897
Work-and-study Fixed-term Unlimited-term
Group
04 VINCI 2012 Profile
Employees by type of contract
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
By geographical area
Workforce
France 58.6%United Kingdom 5.1%Germany 5.9%Benelux 4.1%Central and 7.2% Eastern EuropeRest of Europe 3.4%Americas 5.4%Africa 6.0%Asia, Middle East, 4.3% rest of the world
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,00,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
By socio-professional category
Managers 31,706 17%Non-managers 151,614 83%
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
44,630
2010
21,128
27,71325,950
16,783
51,114
2011
New employees by type of contract
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
By geographical area
Recruitment
France 44.9%United Kingdom 4.1%Germany 2.3%Benelux 2.5%Central and 6.4% Eastern EuropeRest of Europe 3.1%Americas 14.5%Africa 15.4%Asia, Middle East, 6.8% rest of the world
0
22500
45000
67500
90000
112500
135000
157500
180000
06375
1275019125
2550031875
3825044625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,0003,125
6,2509,375
12,50015,625
18,75021,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
By socio-professional category
Managers 4,565 9%Non-managers 46,549 91%
2012 Profile VINCI 05
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
13%
2010
13%
2011
Women (*)
Diversity
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
22%
2010
23%
2011
Employees aged 50+
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
1.9%
2010
2.0%
2011
Employees with a disability (*)
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
66%
2010
67%
2011
Managers
Access to training
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
58%
2010
57%
2011
Non-managers
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
59%
2010
59%
2011
Group
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
10.98
2010
10.30
2011
Lost time accident frequency rate for VINCI employees (**)
Occupational health and safety
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0.72
2010
0.67
2011
Accident severity rate for VINCI employees (***)
0
22500
45000
67500
90000
112500
135000
157500
180000
0
6375
12750
19125
25500
31875
38250
44625
51000
0,0
2,5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
0,000
3,125
6,250
9,375
12,500
15,625
18,750
21,875
25,000
0,00
0,25
0,50
0,75
1,00
1,25
1,50
1,75
2,00
0,00
8,75
17,50
26,25
35,00
43,75
52,50
61,25
70,00
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
0,0
1,5
3,0
4,5
6,0
7,5
9,0
10,5
12,0
0,000
0,125
0,250
0,375
0,500
0,625
0,750
0,875
1,000
0,0
7,5
15,0
22,5
30,0
37,5
45,0
52,5
60,0
58%
2010
60%
2011
Companies with no lost time accidents
(*) Percentage of workforce.(**) Number of lost time accidents per million hours worked.(***) Number of days lost per thousand hours worked.
Strategy and outlook
A model “for all seasons”VINCI’s continuously improving performance over the past 10 years or so reflects the coherence and robustness of its three-point business model. This is based on a good strategic fit between its Concessions business and the Contracting business lines (Energy, Roads and Construction), which have:– complementary operating cycles: long in Concessions, and short to medium term in Contracting;– complementary financial considerations: Concessions are capital intensive and generate recurring revenues, whereas Contracting requires relatively little capital but is structurally cash positive;– complementary expertise: programme organisation and financing, and project manage-ment during construction and operation in Concessions; and the capacity to design, build and maintain complex structures in Contracting.
Balanced growth across VINCI’s two main businessesIn the Contracting business lines, VINCI’s strategy entails building up dense local networks and developing high technical-content specialities with global applications, such as ground technologies, engineering, and oil and gas infrastructure. At the same time VINCI is working to bolster its large project management resources and capabilities. Another pillar of the Group’s strategy is to strengthen the “long-term” dimension of its Contracting business, with the development of service activities such as facilities management, comprehensive road network maintenance and energy services, mainly.In the Concessions business, VINCI’s growth strategy is focused on diversifying its areas of
activity (e.g. road, rail and airport infrastructure, car parks, and large public amenities such as stadiums), as well as winning greenfield (new) concessions and acquiring brownfield (existing) concessions, and on developing new services to boost the efficient operation of existing infrastructure.
Combining our expertise and stakeholders’ capabilities for more effective project managementVINCI is energetically pursuing technical and managerial synergies between its business lines in order to raise its profile as an integrator of expertise. This approach will apply in the first place to large-scale projects mobilising the entire range of VINCI’s know-how in the areas of project finance, design, construction, and operation and maintenance. Examples include projects either won or launched in 2011, such as, in France, the Tours–Bordeaux South Europe Atlantic high-speed rail line (SEA HSL). It will also apply to the many Contracting projects where the clients’ demands for integrated solutions require a capacity to design joint bids and form networks of expertise and contractors.VINCI is also working to consolidate its position as an integrator of expertise by listening to and engaging in dialogue with all stakeholders affected by its operations. Securing the backing of public opinion and the wider community is crucial to the success of infrastructure and public amenity projects. VINCI’s skills in organising the collective governance of its projects, by involving all of the actors concerned (including elected representatives, public services, non-governmen-tal groups, local residents, the business community, etc.), is a vital factor setting it apart from the competition.
Group
06 VINCI 2012 Profile
1
3
2
1VINCI’s capacity to leverage the expertise of its business lines, and to knit their know-how into networks, answers clients’ needs when executing complex projects.2Expanding into international markets is a key pillar of VINCI’s strategy, especially in high-growth countries such as India, where it recently acquired NAPC.3Expanding service activities will bolster the “long-term” component of the Contracting business.
Faster international growthInternational growth and intensifying synergies are the twin pillars of a single strategy aimed at expanding VINCI’s market coverage by taking advantage of the strategic fit between its networks of local firms, its internationally active specialities, and its divisions dedicated to large projects. VINCI is working to consolidate its positions in those European countries where it is already present, building on its deep local roots in these markets and leveraging its internal synergies, as is currently the case in France, the Benelux, the United Kingdom, Germany and Central Europe.
Presence in markets with long-term growth potentialVINCI’s business mix and model are fully aligned with deep-lying trends in its markets. Looking further ahead, urban development, the increasing importance of mobility, expanding energy infrastructure needs, and ever-tougher energy efficiency requirements will entail huge investment programmes for new-build and renovation programmes in emerging and mature economies alike. This applies equally to infrastructure and buildings. At a time of falling public spending, the growing recourse to public-private partnerships (PPPs) is another factor favouring VINCI’s integrated model.
2012 Profile VINCI 07
Sustainable development Workforce-related performance
1
Ensuring health, safety and quality of life in the workplaceVINCI’s corporate social responsibility policy, which applies to all Group employees, partners, subcontractors, temporary workers and customers, gives priority to health and safety. Our goal is zero accidents on our worksites and within the infrastructure we manage and operate. All levels of management are heavily involved in the coordina-tion, implementation and monitoring of our health and safety policies. In a five-year period, our lost-time accident frequency rate was brought down from 14.65 to 10.30 worldwide and from 15.90 to 13.32 in France.
Creating permanent jobs and fostering career developmentOn 31 December 2011, there were 183,320 Group employees, of whom 160,696 had permanent jobs. VINCI hired 21,128 people worldwide in the course of the year, including 9,479 in France, in permanent jobs. VINCI also proactively promotes the expanded use of work-study programmes, with the goal of raising the percentage of its workforce under apprenticeship or contracts to formalise internal training qualifications to 4% in France.
Promoting diversity and equalityVINCI’s corporate culture focuses on bringing together people from a wide variety of back-grounds with a broad range of experience. We also pursue a proactive equality policy rooted in our principles of combating all types of discrimination in hiring and labour relations – particularly discrimination against women, disabled people, older people and people of immigrant background – and fostering a work environment in which all employees, in all their diversity, have an opportunity to make the most of their abilities and help the company achieve its goals. At the end of 2011, VINCI had 24,301 women employees (an increase of 29% over the past five years), who accounted for 19% of new hires. People above the age of 50 made up 8% of new hires in 2011 (as they did in 2010). Disabled employees numbered 3,690, an increase of 8.9% compared to 2010; business awarded to companies employing a majority of disabled people increased 44% in one year and represented revenue of over €6.1 million.
Sharing the benefits of growthAn international employee savings plan tailored to the regulatory environment of each individual
Group
08 VINCI 2012 Profile
3 2
country has been introduced and is being offered to 45,000 employees in 14 countries.
Developing dialogue between management and labourA new Group-wide agreement on management-labour dialogue was signed in January 2012; aside the workforce-related aspects, it emphasises VINCI’s social and environmental responsibility. In 2011, 7,779 employees held office as elected employee representatives and 1,079 agreements were signed by Group companies.
1The Group, which employs 183,320 people, gives preference to permanent jobs.2The health and safety of its employees, partners and subcontractors remain the priority for VINCI.3The Group attended many different job fairs and student forums and its companies welcomed 8,300 interns in 2011.
2012 Profile VINCI 09
Environmental and social performance, R&D, innovation
Making environmental protection an integral part of value creationOur companies are investing in eco-design technologies to develop solutions that improve the energy and climate performance of buildings and infrastructure. In 2011, for the fifth year running, we participated in the annual Carbon Disclosure Project (CDP) enquiry, maintaining our position as a leader in our sector with a rating of 75B/100.
Reducing the environmental impact of our business activitiesVINCI companies strive to meet the highest environmental standards. The sustainable development self-diagnosis questionnaire offers guidance for operating entities in such areas as assessing the environmental impact of their business activities and identifying scope for improvement. In 2011, more than 46,000 hours of environmental training were given.
Strengthening the energy and climate strategyThe Group has been measuring its global greenhouse gas emissions since 2007 using the ISO 14064 standard. In addition to our efforts to reduce emissions resulting directly from our business activities, we encourage our partners, suppliers and customers to do likewise.
Conserving biodiversityOne section of the green motorway package implemented by VINCI Autoroutes since 2010 is dedicated to maintaining the connectivity of natural spaces on either side of the motorway. In 2011, VINCI and several of its entities joined the new phase of the Stratégie Nationale pour la Biodiversité (SNB, national biodiversity strategy)
set up by the French government as an extension of the Grenelle Environment Forum.
Building long-term customer relationsThe consideration of its usefulness to society is an integral part of every project from the tendering phase onwards. Our goal is to achieve overall performance and long-term efficiency and effectiveness. Long-term contracts such as public-private partnerships (PPPs) foster this approach.
Integrating social factors in the value chainPurchasing accounts for nearly 60% of our revenue. Our policy is to develop balanced relations with our suppliers in line with our overall performance objectives. For example, framework contracts established with temporary employment agencies include five human resource and social evaluation criteria (health and safety, equality, training, prevention of social and commercial fraud).
Fostering and supporting civic engagementVINCI encourages its companies and employees to support public interest causes related to their activities. Such civic engagement is primarily focused on projects supported by the Fondation VINCI pour la Cité that help the unemployed find work and create social bonds. In 2011 €1.96 million in Foundation grants was awarded to a total of 118 outreach projects. Over the past several years structures similar to the Fondation VINCI have been set up outside France (Czech Republic, Germany and Greece). In Africa, the Issa (Sogea-Satom Initiatives for Africa) programme supports outreach projects initiated and managed by the Sogea-Satom agencies and worksite teams.
10 VINCI 2012 Profile
Group Sustainable development
1
Ensuring respect for human rightsThe sustainable development self-diagnosis questionnaire encourages VINCI companies to examine their risk profile, with special attention to three goals: prohibiting the use of child labour and forced labour; guaranteeing the fundamental rights of migrant workers on worksites; and ensuring that the human rights of populations affected by projects are not violated.
Striving for technological excellenceWith an annual budget upwards of €47 million (up 45% in three years), VINCI ranks among the research and development leaders in its sector. In 2011, 44 new inventions were patented, bringing the Group’s global portfolio of active patents to 1,547.
Developing research in eco-design and the sustainable city
The Chair in the eco-design of building complexes and infrastructure promotes the inclusion of eco-design concepts in the training of future generations of engineers and the develop-ment of decision-making tools for urban planners and developers.
The Regional Development Club brings together VINCI researchers and operational managers to address regional issues, using case studies to seek appropriate solutions. In 2011, the work focused more especially on the role of the carbon-free vehicle in the city of tomorrow.
The City Factory, set up at VINCI’s initiative in 2008, is a forward-looking think tank promoting discussions among public and private sector players from all backgrounds who are involved at the topmost level in urban development and mobility issues. Debates and seminars were organised in 2011 to address the issues of green urban growth financing (in partnership with the OECD), the role of public spaces in the city of the future, and new technologies serving mobility.
Increasing participative innovationThe VINCI Innovation Awards Competition is held every two years and open to all employees. The 2011 competition drew a large number of participants, with 1,717 entries. An “innovation application” club was set up at the end of the year to accelerate the dissemination of these innovations throughout the Group.
1 The role of public spaces in the city of the future was one of the subjects addressed by The City Factory in 2011.
2012 Profile VINCI 11
Stock market and shareholder base
Share performance and average daily trading volume
Market capitalisation at 31 December 2011: €19.1 billion based on a price of €33.76 per share, ranking VINCI 16th in the CAC 40 by capitalisation and 13th by index weight. Between 31 December 2010 and 31 December 2011, the VINCI share declined 17.0% while the CAC 40, Euro Stoxx 50 and Euro Stoxx Construction & Materials indices declined 17.0%, 17.1% and 20.3% respectively. In 2011, a daily average of 3.4 million shares was traded on the market (Euronext + MTFs).
n VINCIn CAC 40n Euro Stoxx 50n Euro Stoxx Construction
& Materialsn VINCI shares traded
January February March April May June July Aug. Sept. Oct. Nov. Dec.
2011
Price in €(VINCI rebased)
Number of shares traded(millions/day)
0
300
600
900
1200
1500
1800
2100
2400
2700
3000
0
1
2
3
4
5
20
30
40
50
0,0
0,5
1,0
1,5
2,0
0,0
0,5
1,0
1,5
2,0
0
5
3
4
2
1
20
50
45
40
30
25
35
(*) Estimate based on a schedule of identifiable bearer shares at the end of 2011 and a shareholder survey.
Employees (savings plans) 9.8%
Individual shareholders 12.0%
Treasury shares 4.4%
Qatari Diar Real Estate Investment Company 5.6%
Financière Pinault 2.8%
Institutional investors (France) 22.3%
Institutional investors (other) 43.1%
Shareholder base (*)
Group
12 VINCI 2012 Profile
n VINCIn CAC 40n Euro Stoxx 50n Euro Stoxx Construction
& Materialsn VINCI shares traded
A growing dividend
The dividend proposed to the Shareholders’ General Meeting of 12 April 2012 in respect of 2011 is €1.77 per share, representing 6.0% growth against 2010 and 16.4% growth over the dividend in respect of 2007.
€1.52
2007
€1.62
2008
€1.62
2009
€1.67
2010
€1.77
2011
Return on investment in VINCI shares since the Group’s inclusion in the CAC 40
A VINCI shareholder who invested €1,000 on 3 April 2002 (date of the Group’s inclusion in the CAC 40) and reinvested all the dividends received would have an investment of €2,768 on 31 December 2011. This represents an annual return of almost 10%.
€2,768
Dec. 2011
€1,000
April 2002
+10%p.a.
VINCI Shareholder Relations Department outside France1 cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex, France
Individual shareholders in FranceTel: 0 800 015 025(free-phone from a fixed line)
Institutional shareholders outside FranceTel: +33 1 47 16 45 07 / 33 46
VINCI: 16th biggest market capitalisation in the CAC 40 on 31 December 2011€19.1 billionat 31 December 2011 based on a price of €33.76 per share.
VINCI is the 16th biggest market capitalisation in the index and the 17th for its performance.
2012 Profile VINCI 13
14 VINCI 2012 Profile
Concessions 16 VINCI Autoroutes20 VINCI Concessions
With its 4,385 km network, VINCI Autoroutes operates half of France’s motorway network under concession. VINCI Concessions develops and operates a unique portfolio of transport infrastructure and public facility concessions in about 20 countries.
Business
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
0
1000
2000
3000
4000
5000
6000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
10000
15000
20000
Revenue (1)
(in € millions)Operating income from ordinary activities (2)
(In € millions and as a percentage of revenue (1))
Net income attributable to owners of the parent (2)
(In € millions and as a percentage of revenue (1))
Cash flow from operations (3)
(In € millions and as a percentage of revenue (1))Net financial debt (2) (4)
(in € millions)
2011 data (1) Excluding concession subsidiaries’ works revenue.(2) Including ASF Holding and Cofiroute Holding.(3) Before tax and financing costs.(4) At 31 December.
Revenue by geographical area (1) (As a percentage)
France 94%
Europe 4%
Rest of the world 2%
5,097
2010
5,297
2011
2,149
2011
848
2010
852
2011
3,197
2010
3,366
2011
17,510
2010
18,895
2011
2,093
2010
40.6%41.1%
16.1%16.6% 63.6%62.7%
2012 Profile VINCI 15
16 VINCI 2012 Profile
Business Concessions
With a network of 4,385 km under concession, including 4,310 km in service, VINCI Autoroutes is Europe’s leading motorway operator. Its four concession operating companies – ASF, Cofiroute, Escota and Arcour – serve the south and west of France, representing half of France’s total motorway network under concession.VINCI Autoroutes’ motorways carry 2.2 million customers a day, with 1.5 million electronic toll subscribers. Drivers cover 46.8 billion km annually on VINCI Autoroutes motorways, representing more than 800 million toll transactions.Bringing private-sector performance to the service of the public, VINCI Autoroutes is working to make motorways an integral part of sustainable mobility. Through its massive investment in infrastructure and development of services, it is improving safety and environmental performance all through its network, and enhancing the motorway user’s experience.
Profile
VINCI Autoroutes
0
1000
2000
3000
4000
5000
0
500
1000
1500
2000
2500
0
200
400
600
800
1000
0
500
1000
1500
2000
2500
3000
3500
0
5000
1000
0
1500
0
2000
0
Revenue by network (*) (In € millions and as a percentage)
ASF 2,512 57% Escota 658 15%Cofiroute 1,202 27%Arcour 37 1%
Operating income from ordinary activities€2,018 million
Net income attributable to owners of the parent (**)
€820 million
Workforce8,285 employees
2011 data(*) Excluding concession subsidiaries’ works revenue.(**) Including ASF Holding and Cofiroute Holding.
Revenue (*)
€4,409 million
ASF ASF (Autoroutes du Sud de la France) operates a
2,714 km network covering half the south of France (A7, A8, A9, A10, A11, A20, A54, A61, A62, A63, A64, A641, A645, A66, A68, A72, A83, A837, A87 and A89), including 75 km at project stage or under construction. ASF also holds the concession for the Lyon northern bypass (Openly) and the Puymorens tunnel in the Pyrenees.
Cofiroute Cofiroute operates a 1,100 km network of
motorways serving western France (A10, A11, A28, A71, A81 and A85). Cofiroute also holds the concession for the A86 Duplex in the Greater Paris region. This 11 km tunnel, which completes the second bypass around the French capital, has been in full service since January 2011.In Germany, Cofiroute is a shareholder of Toll Collect, which deployed and now operates the toll system applied across the country’s entire network (12,500 km) for vehicles of over 12 tonnes.In the United States, Cofiroute operates the SR-91 Express Lanes in Los Angeles, California and the
MnPass system on the HOT lanes (free for carsharers, toll charged for other vehicles) on the I-394 and I-35W motorways in the Minneapolis urban area, Minnesota.
Escota Escota operates a 459 km network located in
Provence-Alpes-Côte d’Azur (A8, A50, A500, A501, A51, A52, A520 and A57).
Arcour Arcour holds the concession for the A19
(101 km), the eco-motorway which, operated by Cofiroute, forms the southern link in the outer ring road around the Greater Paris region.
1
1The installation of noise barriers – here on the A54 – is one component of the green motorway package.
18 VINCI 2012 Profile
Business Concessions VINCI Autoroutes
Biarritz
Northern Lyon
Puymorens tunnel
ring road
A86 Duplex
Menton
AlençonLaval
La Roche-sur-Yon
Rochefort
Niort
ToursBourges
Orléans
BordeauxBrive-la-Gaillarde
Poitiers
Saintes
Nîmes
Narbonne Toulon
Orange
Aix-en-PceToulouse
Montauban
Lyon
Clermont-Ferrand
Saint-Étienne
Paris
Le Mans
Nantes
Angers
MonacoNice
Gap
ASF Cofiroute Escota Arcour Motorway under construction
ASF Group (ASF and Escota) (In € millions and as a percentage of revenue (*))
Cofiroute (In € millions and as a percentage of revenue (*))
0
500
1000
1500
2000
2500
3000
3500
0
500
1000
1500
2000
2500
0
100
200
300
400
500
600
700
800
0
300
600
900
1200
1500
0
200
400
600
800
1000
0
50
100
150
200
250
300
3,170
2011
3,074
2010
Revenue (*)
0
500
1000
1500
2000
2500
3000
3500
0
500
1000
1500
2000
2500
0
100
200
300
400
500
600
700
800
0
300
600
900
1200
1500
0
200
400
600
800
1000
0
50
100
150
200
250
300
2,185
2011
2,102
2010
68.9%68.4%
Cash flow from operations (**)
0
500
1000
1500
2000
2500
3000
3500
0
500
1000
1500
2000
2500
0
100
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11,316
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2011 data(*) Excluding concession subsidiaries’ works revenue.(**) Before tax and financing costs.(***) At 31 December.
The VINCI Autoroutes network
2012 Profile VINCI 19
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As both a developer of new concessions and operator of a unique portfolio of existing concessions, VINCI Concessions plays a pivotal role in implementing VINCI’s integrated model. VINCI Concessions’ expertise in design, financing, construction, operation and mainte-nance makes it a leading partner of public authorities in France and other countries for the development and operation of major, complex transport infrastructure and public amenities.
Taking a long-term view, VINCI Concessions seeks to anticipate users’ needs and continuously innovates to offer them ever-higher standards of quality and service. VINCI Concessions strives to fulfil the Group’s social and environmental responsibilities towards all of its stakeholders, making a positive contribution in all its activities.
Profile
VINCI ConcessionsRevenue by business activity (*)
(As a percentage)
VINCI Park 67%VINCI Airports 16%Stadiums 11%Other concessions 6%
Revenue (*)
€888 million
Operating income from ordinary activities€130 million
Net income attributable to owners of the parent€32 million
Workforce7,407 employees
2011 data(*) Excluding concessions subsidiaries’ works revenue.
20 VINCI 2012 Profile
Business Concessions
VINCI ParkEurope’s parking sector leader, with operations in the United States and Canada, VINCI Park manages 1,461,000 on-road and off-road parking spaces (2,600 car parks) in 12 countries under nearly 2,500 concession or service contracts.
VINCI Airports Nine airports in France:
Ancenis, Chambéry-Savoie, Clermont Ferrand-Auvergne, Dinard-Bretagne, Grenoble-Isère, Nantes-Atlantique, Quimper-Cornouaille, Rennes-Bretagne, Saint Nazaire Montoir.
Three airports in Cambodia:Phnom Penh, Siem Reap, Sihanoukville.
Car Rental Center at Nice-Côte d’Azur Airport.
Motorway and road infrastructure Canada Fredericton–Moncton expressway (200 km).FrancePrado Carénage and Prado Sud Tunnels in Marseille.GermanyA4 Gotha–Eisenach (45 km), A5 Offenburg–Karlsruhe (60 km) and A9 Berlin–Munich (46.5 km) motorways.GreeceAthens–Tsakona (365 km) and Maliakos–Kleidi (240 km) motorways.Jamaica34 km motorway network.NetherlandsCoentunnel, Amsterdam.RussiaMoscow–St Petersburg motorway (43 km).SlovakiaR1 (PR1BINA) Nitra-Tekovské Nemce expressway (52 km).United KingdomNewport Southern Distributor Road (10 km).
1
3Surveys of users of the Rhônexpress, which runs between Lyon city centre and Saint Exupéry Airport, show a satisfaction rate of 94%.4Designed to Uefa 2016 standards (40,000 seats), the Bordeaux multi-purpose stadium is being built under a 30-year partnership contract.
1VINCI Park manages 1.4 million parking spaces in 12 countries.2In Marseille, work is continuing on the Prado Sud Tunnel, which is expected to open to traffic in 2014.
22 VINCI 2012 Profile
Business Concessions VINCI Concessions
Rail infrastructureBelgiumLiefkenshoek rail tunnel in the Port of Antwerp (16 km).FranceRhônexpress link (23 km) in Lyon, GSM-Rail digital communication network system covering 14,000 km of track, South Europe Atlantic (SEA)high-speed line between Tours and Bordeaux (302 km of high-speed line and 38 km of connections between the high-speed line and the network).
Public facilitiesFrance Stade de France near Paris, Nice Stadium, MMArena in Le Mans, Bordeaux stadium, public lighting in Rouen (Lucitea) and Goussainville.
4
BridgesCanada Confederation Bridge (New Brunswick–Prince Edward Island).GreeceCharilaos Trikoupis Bridge (Peloponnese–mainland Greece over the Gulf of Corinth).PortugalVasco da Gama and 25 April Bridges over the Tagus estuary, Lisbon.United KingdomTwo bridges over the River Severn linking England and Wales.
2
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2012 Profile VINCI 23
24 VINCI 2012 Profile
Contracting 26 VINCI Energies30 Eurovia34 VINCI Construction
At the heart of the Group’s integrated model, VINCI Energies, Eurovia and VINCI Construction form an unrivalled network of expertise and companies. In 2011, their 167,000 employees worked on 264,000 projects in some 100 countries.
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1,257
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836
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1,766
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1,880
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(in € millions)
Revenue by geographical area(As a percentage)
France 58%Central and Eastern Europe 8%Germany 7%United Kingdom 6%Benelux 5%Rest of Europe 3%Americas 4%Africa 6%Rest of the world 3%
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(In € millions and as a percentage of revenue)
2011 data(*) Before tax and financing costs.(**) At 31 December.
2012 Profile VINCI 25
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Infrastructure 24%Service sector 35%Industry 32%Telecommunications 9%
Revenue by business sector (As a percentage)
VINCI’s Energy business line grew out of the combination of VINCI Energies and Cegelec in 2010, and was broadened by the creation of VINCI Facilities. At the beginning of 2012 it took the name of VINCI Energies. Businesses and public authorities draw on the extensive know-how of its 60,000 employees to deploy, equip, operate and optimise their energy, transport and communications infrastructure, industrial facilities and buildings. VINCI Energies combines expertise in its own technology areas – electrical power, heating, ventilation and air conditioning (HVAC), mechanical engineering, and information and commu-nication technologies – with expert knowledge of its customers’ businesses. It leverages these capabilities to develop high value added solutions to address customers’ demands for efficiency, reliability and safety. These solutions support customers throughout their projects’ lifecycle, from project engineering and execution to maintenance, operation and facilities management. Thanks to an exceptionally dense network of 1,500 business units in 40 countries (20 in Europe), VINCI Energies combines global reach with local service. As a key player in energy efficiency and renewable energy, VINCI Energies’ capacity to integrate complex systems is a key component of VINCI’s overall offer
Profile
VINCI Energies
Revenue€8,666 million
Operating income from ordinary activities€483 million
Net income attributable to owners of the parent€315 million
Workforce60,035 employees
2011 data
26 VINCI 2012 Profile
Business Contracting
€
IndustryCarsTechnical works packages (high and low current, fluids) of phase 2 of the construction of the Renault plant in Tangier (Morocco).Food processing Design, study and installation of electricity, automation and multi-technical maintenance works packages for a grain terminal in Le Port, Reunion Island (France) as part of a 30-year industrial public-private partnership (PPP).Turnkey delivery of a wheat gluten production line (electromechanical engineering, automation, instrumentation and IT networks works packages for BENP, a Tereos subsidiary, in Lillebonne (France).LogisticsMulti-year maintenance contract for four parcel-sorting centres for Coliposte, a subsidiary of La Poste (France).Oil and gasTakeover of project management departments for offshore platforms in Borneo (Indonesia)
and electrical refurbishment of 10 offshore platforms in Sendji and Yanga (Republic of Congo) for Total.Delivery of Pazflor, a floating oil production, storage and unloading unit in Angola for Daewoo Shipbuilding & Marine Engineering.Maintenance engineering and inspection contract for Total’s Sullom Voe gas terminal (United Kingdom).Multi-year electromechanical maintenance contract for the Vallourec plant in Jaceaba (Brazil).
Service sectorHealthcareRefurbishment of electrical installations in the pathology department of the university hospital of Zurich (Switzerland).HotelsInstallation of heating, ventilation and air conditioning (HVAC), plumbing, and high and low
1
2
28 VINCI 2012 Profile
Business Contracting VINCI Energies
current works packages at the Peninsula Hotel in Paris (France).PropertyInstallation of HVAC, electricity and data networks at the new Nato headquarters in Brussels (Belgium).Supermarkets Lighting, electrical connections related to the creation of various “universes”, and the installation and connection of LCD screens as part of the application of the new Carrefour Planet hypermar-ket concept in about 20 stores (France).
TelecommunicationsBusiness communicationsSupply and maintenance of LAN and WAN network equipment and of data centres for the eight National Institute for Research in Computer Science and Control centres (France).Maintenance of the IT networks of 34 hospitals belonging to the Uni.H.A group purchasing organisation (France).InfrastructureDeployment of telecommunications infrastructure for Free Mobile at almost 400 sites (France).
InfrastructureHigh voltage networksContract for the renovation and construction of 400 kV overhead lines (United Kingdom); dismantling of an existing line and construction of a new 110 kV line in Moravia (Czech Republic).Renewal of works and maintenance contract for very high voltage stations for Endesa Spain in Catalonia, Minorca and Ibiza (Spain).Public lightingSignature of three 15-year PPPs with the municipalities of Goussainville (north of Paris), Marly (north of France) and Pointe à Pitre
(Guadeloupe) for the modernisation, maintenance and operation of their public lighting and traffic lights (France).Renovation, maintenance and operation of the municipality of Paris’s public lighting, including traffic lights and showcasing heritage assets, as part of a 10-year energy performance contract (France).Solar powerDesign, construction, operation and maintenance of the Montéléger (8.2 MWp) and Miradoux (8 MWp) solar power plants in France.General electrical engineering of the Les Mées solar power plant (31 MWp) in southern France.Thermal power plantModernisation of RWE’s combined cycle gas and steam turbine power plant in Lingen (Germany), including heat insulation and sound protection at the plant.Transport infrastructureContract for the traction, overhead contact line and safety electricity works package for the Jenner Tunnel on the Le Havre tramway (France).Installation of the electricity works package (high and low current, ventilation and fire detection) of the Les Halles road tunnel in Paris (France).Wind powerContract for Turkey’s largest wind farm (52 2.75 MW turbines) at Balikesir.
Maintenance and facilities management
Multi-year comprehensive facilities management contract for the Arcueil campus of the General Secretariat for Administration (SGA) in France.
Four-year technical equipment maintenance contract for the Maine-Montparnasse tower in Paris (France).
Renovation and modernisation of four schools, construction of a gymnasium and maintenance of these sites under the terms of a 20-year PPP with the Brandenburg an der Havel municipal authority (Germany).
Comprehensive facilities management contract for Société Générale’s sites in La Défense and Val de Fontenay (France) over five years and framework contract covering the bank’s sites in several countries.
1 In Belgium, Actemium developed various management systems for ITC Rubis Terminal Antwerpen.2VINCI Facilities provides multi-technical maintenance services in France and other European countries.
2012 Profile VINCI 29
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Eurovia is a world leader in transport and urban development infrastructure. While continuing to nurture its strong roots in France, international operations now account for nearly 42% of its revenue, primarily in Western and Central Europe, North America and Chile. Eurovia is a multimodal construction firm that has built its leadership on integrated contracting and materials production and a broad diversity of expertise, spanning:
Transport and urban development infrastructure. Eurovia builds and renovates transport infrastructure, including roads and motorways, rail and light rail systems, as well as airports, and industrial and retail complexes. It also possesses know-how in related areas, including demolition and decon-struction, drainage, earthworks, roads and utility networks, urban development, civil engineering structures and noise barriers;
Quarries. Eurovia extracts, processes and markets natural and recycled aggregates. It operates a network of more than 400 quarries and 150 materials recovery and recycling facilities;
Industrial production. Eurovia operates a network of 50 binder plants and 405 hot mix plants supplying 25 mil-lion tonnes of asphalt annually. A further 10 factories produce road equipment, including signage (panels, overhead sign gantries, paint), industrial and retail floorings (resins), and pre-fabricated products such as noise barriers, etc.;
Services. Eurovia provides design and coordination, consulting and technical support services. In addition it provides maintenance under long-term contracts, ancillary equipment such as vertical and horizontal signage and safety equipment, and maintenance of all connected structures (public lighting, traffic signals, amenities, green spaces and vegetation).Eurovia invests heavily in research and development of products and processes to enhance road safety and protect the environment, with particular emphasis on materials recycling and cutting CO2 emissions.
Profile Revenue by business sector (As a percentage)
Quarries 10% Industrial production 13% Services 5% Works 72%
Revenue€8,722 million
Operating income from ordinary activities€322 million
Net income attributable to owners of the parent€220 million
Workforce39,937 employees
Eurovia Business Contracting
30 VINCI 2012 Profile
FranceMotorways A5, A6, A9, A10, A16, A26, A31, A40, A50, A51, A63, A71, A72, A87, A89 and A480.Trunk roads, local roads and urban bypassesPusignan bypass Bergerac and RN 154 deviations; Le Havre northern bypass; Angers eastern bypass; renovation of trunk and local roads; Les Halles tunnel (Paris).AirportsBordeaux Mérignac, Lyon Saint Exupéry, Nice Côte d’Azur, Roissy Charles de Gaulle.Rail infrastructureAngers, Besançon, Bordeaux, Brest, Dijon, Le Havre, Lyon, Montpellier, Orléans, Toulouse, Tours and Greater Paris region light rail systems; extension of Lyon metro; South Europe Atlantic (SEA) Tours–Bordeaux high-speed line; LGV Est Européenne high-speed line (phase 2).Port infrastructureExtension of Fréjus Port, La Rochelle recreational harbour, Grand Port sea port of Marseille, re-establishment of maritime character of Mont Saint Michel.Urban developmentBergues, Biarritz, Bourges, Chalon sur Saône, Douai, Lille, Mérignac, Metz, Montpellier, Nîmes, Poitiers, Reims, Roanne, Toulouse; roads and utility networks of future Metz bus rapid transit system; roads and utility networks of new Toulon hospital.Industrial and commercial sitesAéroville urban development zone (Greater Paris region), Les Constellations urban development zone in Juvignac, Pierres Vives urban development zone in Montpellier; industrial zones in Anais and Morlaix. Resurfacing of the Eurocopter plant.
MaintenanceContracts for road maintenance in numerous areas of France using coatings, surface dressings or in situ surface regeneration (Recyclovia®).
EuropeCroatiaSeveral road maintenance contracts in the north-west, east and south of the country.Czech RepublicRenovation of about 3 km of rail track in South Bohemia; development of a 4 km section of rail line no. 63 between Poland and the Czech Republic; restructuring of Vysocanska Avenue in Prague.Germany Berlin-Brandenburg and Dresden airports; A-Modell A9 (renovation of 46.5 km), A-Modell A4 (45 km section), A-Modell A5 (renovation of 60 km); A7 (widening of 12 km to three-lane dual carriageway); Berlin ring road (A10 widening).LithuaniaRenovation project in Varena, airport and road maintenance projects in the Vilnius area.PolandA2 motorway; extension of Wroclaw bypass; modernisation of 5.5 km of the Cracow Biežanow–Wieliczka Rynek rail line; construction of the Salomea–Wolica section of the S8 motorway; S5 expressway between Poznan and Gniezno; modernisation of the Szczecin highway.RomaniaCivil engineering of Europe’s largest wind farm located near the Black Sea; roads in Negresti; roads and utility networks in Chitila.
1
32 VINCI 2012 Profile
Business Contracting
Eurovia
SlovakiaR1 expressway (PR1BINA) between Nitra and Tekovské Nemce (52 km).SpainSeveral road service contracts, including in Andalucia and Galicia.United KingdomSeven-year maintenance contract for the A417/A419 trunk road; service contracts for the Barnsley, Cheshire East, Cheshire West, Chester, North Yorkshire, Doncaster, Wakefield and Essex County Councils.
AmericasCanadaDeviation of a 1.7 km section of Route 108-143 and construction of Highway 410 in the Sherbrooke area; deviation works on two rail lines in the Ville Saint Laurent area of Montreal; repair and maintenance work on the Turcot interchange structures.ChileConstruction of 45 km of road pavement between Antofagasta and the industrial port of Mejillones; repair of a 25 km section of the Pan-American Highway in the oasis of Quillaga.United StatesTampa airport (Florida); extension of the Charlotte bypass (North Carolina); US 19 at Clearwater (Florida); design-build of a section of the I-95 in Brevard County and 21 km extension of express lanes (toll lanes) on the I-95 in Miami (Florida).
2
1 During the summer of 2011, Eurovia personnel totally refurbished a 14 km section of the RN52 highway in the Meurthe et Moselle region of France.2ETF-Eurovia Travaux Ferroviaires offers a range of expertise that positions it in all rail modernisation and line construction projects (light rail, high-speed line, etc.).
2012 Profile VINCI 33
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Business Contracting
VINCI Construction is France’s leading construction com-pany and a major global player, with an unrivalled array of capabilities in building, civil engineering, hydraulic engineer-ing and contracting-related specialities. Its three business areas form an excellent strategic fit.
A network of local subsidiaries:- in France, VINCI Construction France stands at the head of a network of 472 profit centres with strong local roots, and around 30 local subsidiaries in France’s overseas ter-ritories and dependencies;– outside France, with VINCI Construction UK in the United Kingdom; CFE (46.8%-owned by VINCI Construction), mainly in Benelux; Warbud, Prumstav, SMP and APS Alkon in Central Europe; and Sogea-Satom in Africa;
Specialised civil engineering subsidiaries serving global markets: Soletanche Freyssinet (foundations and ground technologies, structural and civilian nuclear engineering); Entrepose Contracting (oil and gas infrastructure); DEME, 50%-owned by CFE (dredging, marine engineering, site remediation, offshore activities and wind turbines);
A division dedicated to the management and execu-tion of complex projects, with VINCI Construction Grands Projets, VINCI Construction Terrassement and Dodin Campenon Bernard, which work on major civil engineering and construction projects in France and all over the world.
VINCI ConstructionRevenue by business sector (As a percentage)
Building 43% Civil engineering 24%Specialised civil engineering 21%Hydraulic engineering 7%Other activities 5%
Revenue€14,107 million
Operating income from ordinary activities€630 million
Net income attributable to owners of the parent€433 million
Profile
Business Contracting
34 VINCI 2012 Profile
Business Contracting
VINCI Construction
FranceBuildingNice Stadium; Ambroise Paré hospital, Terrasses du Port shopping and leisure centre, and Mucem, Marseille (south of France); New Bordeaux stadium (south-west France). Urban renovation, Denain (northern France). Koutio hospital, Noumea (New Caledonia). Fondation Louis Vuitton pour la Création, Peninsula Hotel (Paris). Confluences Museum, Lyon; Chambéry hospital (eastern France). Grand Stade du Havre (northern France). Cité du Cinéma, Saint Denis (near Paris). Chalon sur Saône hospital (eastern France).Transport infrastructureSouth Europe Atlantic (SEA) high-speed rail line between Tours and Bordeaux. Prado Sud Tunnel, Marseille. LGV Est Européenne high-speed line, phase 2, works package 47 in eastern France. Bacalan-Bastide lift bridge, Bordeaux. Cover over the A6B motorway, extension of Lyon station, extension of Line 12 of Paris metro. Bridge over Saint Etienne River (Reunion Island). A89 Balbigny–La Tour de Salvagny motorway, extension of Line B towards Oullins, Croix Rousse road tunnel, Lyon. Verdun sur Garonne suspension bridge (south-west France).Industrial and energy infrastructureConstruction of two pipes in Marseille port, earthquake insulation system for Tokamak reactor, Cadarache (south of France). Rizzanese Dam (southern Corsica). Buildings to extend the Georges Besse II uranium enrichment via centrifugation plant (south-eastern France). Biopole waste treatment centre, Angers (western France). Building to extend the vitrified nuclear waste storage facility in La Hague (northern France). LNG terminal and
tunnel, Dunkerque (northern France). Waste-to-energy plant, Montereau Fault Yonne (near Paris). Le Port grain terminal (Reunion Island).Hydraulic engineeringWastewater treatment plants: Ajaccio (southern Corsica); Siarce, Évry (near Paris); Louis Fargue, Bordeaux (south-west France); Baillif (Guadeloupe); Cambaie, Saint Paul (Reunion Island); La Morée, Le Blanc Mesnil (near Paris).
EuropeBuildingLichttoren building complex, Antwerp; Up-Site tower and fourth European school, Brussels; police headquarters, Charleroi; Duinenwater swimming pool, Knokke; German-speaking community schools (Belgium). Odéon Tower (Monaco). Cultural centre, Szczecin; Capitol Theatre, Wroclaw (Poland). Office building, Bratislava (Slovakia). BNP Paribas Real Estate office building, housing and shops, Streatham Hub, London; Circle Hospitals, Manchester and Reading; construction and refurbishment of schools, Sheffield (United Kingdom).Transport infrastructureLiefkenshoek rail tunnel, Antwerp (Belgium). Renovation and construction of Coentunnel, Amsterdam; rail tunnel, Delft (Netherlands). Gdansk ring road; A2 motorway, Warsaw–Lodz section (Poland). Crossrail (works package 510), King’s Cross, Tottenham Court Road and Whitechapel metro stations, refurbishment of Victoria metro station, London; Nottingham Express Transit light rail project, Nottingham (United Kingdom).
36 VINCI 2012 Profile
Stay cables for the Russky Island and Golden Horn Bridges, Vladivostok (Russia). Hallandsås rail tunnel (Sweden). Ceva rail link (Switzerland).Industrial and energy infrastructureChernobyl sarcophagus containment structure (Ukraine).Hydraulic engineeringLee Tunnel, London (United Kingdom).
Africa, Middle EastLNG tanks, Soyo (Angola). Port of Cotonou (Benin). Water supply system, Gitega (Burundi). Ewo airport (Republic of Congo). Water distribution system (Djibouti). Assiut Dam, Cairo metro (Egypt). Gueckédou–Sérédou highway (Guinea). Renault Nissan plant, Tangier (Morocco). Lusail light rail; Sheraton Park project and pumping station, Doha (Qatar). Fambélé–Bouar highway (Central African Republic). Water supply system, Mbeya (Tanzania). Toukra university, N’Djamena (Chad).
Asia, OceaniaBarangaroo seafront, dredging of western basin of Port of Gladstone, Wheatstone LNG tanks (Australia). Airport, Kowloon rail terminus, rail tunnel, Hong Kong; Dalian Jiangsu, Taishan and Zhuhai LNG tanks (China). Subansiri dam (India). Residential and office building complex, Kuala Lumpur; Double Track rail link (Malaysia). 450 km of pipelines (Papua New Guinea). Bugis metro station and associated tunnels, diaphragm walls, Down Town Line (Singapore). Two water
production plants, refurbishment of Kantale wastewater treatment plant (Sri Lanka). Government building in Ashgabat (Turkmenistan). Thai Nguyen wastewater collection system (Vietnam).
AmericasTunnels at El Teniente mine (Chile); Wolf Creek Dam (United States); refurbishment of two water production plants, Kingston (Jamaica); water treatment systems in five towns (Dominican Republic); interchange, Package C (Trinidad and Tobago).
21
1After contributing to the rehabilitation of the World Trade Center site in New York, Nicholson, the American subsidiary of Soletanche Bachy, is currently involved in building the Vehicle Security Center.2VINCI Construction France is putting up the seven buildings of the 100,000 sq. metre University Cancer Centre at the future Canceropôle in Toulouse.
2012 Profile VINCI 37
VINCI1 cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex - FranceTel.: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02
www.vinci.com
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ries o
f VIN
CI an
d su
bsid
iaries
. All r
ight
s res
erve
d.
Desi
gn a
nd p
rodu
ctio
n:
- 1
0984
– T
rans
latio
n:
– P
rintin
g: A
rtepr
int.