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K E Y D ATA
C O N C E S S I O N SRevenue (1)
(in €m)
Net income attributable to owners of the parent
(in €m)
Ebitda (2)
(in €m and as a percentage of revenue (1) )
Net financial debt (3) (in €m)
Capital employed (3) (in €m)
Operating income from ordinary activities
(in €m and as a percentage of revenue (1) )
Revenue (1) by geographical area(as a percentage)
(1) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.
France 82% Portugal 11% Rest of the world 7%
4,302 2,9534,710 3,251
2016
2016 2016 2016
2016 20162017
2017 2017 2017
2017 2017
6,945
1,689 27,145 29,605
67.8% 46.8%6,298
1,664 28,515 29,354
68.3% 46.9%
PUBLIC-PRIVATE PARTNERSHIPS OF VINCI’S CONCESSIONS BUSINESS WORLDWIDE
(1) Under construction or to be built.(2) Service, management or public service contracts.
(3) Including 65 km to be widened.(4) Including 9 km to be built.
(5) Upgrade, maintenance and upkeep contract.
(6) Operation and maintenance contract.(7) End of contract: 8 January 2018.
The PPPs listed below are managed within the Concessions businesses of VINCI. Other PPPs (mainly buildings) are managed within VINCI’s Contracting business.
INFRASTRUCTURE DESCRIPTION COUNTRY SHARE CAPITAL HELD
END OF CONTRACT
Motorway and road infrastructure Network under concessionArcos (A355 – western Strasbourg bypass)(1) 24 km France 100% 2070 Arcour (A19) 101 km France 100% 2070ASF network (excl. Puymorens Tunnel, 5.5 km) 2,731 km France 100% 2036Cofiroute network (excl. A86 Duplex Tunnel, 11 km) 1,100 km France 100% 2034Escota network 471 km France 99% 2032A-Modell A4 motorway 45 km Germany 50% 2037A-Modell A5 motorway 60 km Germany 54% 2039A-Modell A7 motorway 60 km Germany 50% 2047A-Modell A9 motorway 46.5 km Germany 50% 2031Toll Collect(2) Motorway and road toll system for HGVs Germany 10% 2018Regina Bypass(1) 61 km Canada 38% 2049Fredericton–Moncton highway 195 km Canada 25% 2028Bogotá–Girardot motorway 141 km (3) Colombia 50% 2042Athens–Corinth–Patras motorway 201 km Greece 30% 2038Maliakos–Kleidi motorway 230 km Greece 14% 2038Trans Jamaican Highway 50 km Jamaica 13% 2036Lima expressway 25 km (4) Peru 100% 2049Newport Southern Distributor Road 10 km United Kingdom 50% 2042Isle of Wight road network(5) 821 km of roads and 767 km of pavements United Kingdom 50% 2038Hounslow Borough road network(5) 432 km of roads and 735 km of pavements United Kingdom 50% 2037Moscow–St Petersburg motorway (MSP 1) 43 km (Moscow–Sheremetyevo) Russia 50% 2040Moscow–St Petersburg motorway (MSP 7 and 8)(1) 138 km (St Petersburg–Veliky Novgorod) Russia 40% 2041Moscow–St Petersburg motorway (UTS)(6) 359 km (M11) + 70 km (M3) Russia 50% 2027R1 (PR1BINA) expressway 51.4 km Slovakia 50% 2041
Road bridges and tunnelsA86 Duplex Tunnel Rueil Malmaison–Jouy en Josas/Versailles (11 km) France 100% 2086Prado Carénage Tunnel Tunnel in Marseille (2.5 km) France 33% 2025Prado Sud Tunnel Tunnel in Marseille (1.5 km) France 59% 2055Puymorens Tunnel Tunnel in the Pyrenees (5.5 km) France 100% 2037Confederation Bridge Prince Edward Island–mainland Canada 20% 2032Ohio River Bridges – East End Crossing Bridges and a tunnel linking Kentucky to Indiana United States 33% 2051Charilaos Trikoupis Bridge Peloponnese–mainland Greece 57% 2039Tagus bridges Two bridges in Lisbon Portugal 37% 2030Severn Crossings(7) Two bridges over the Severn United Kingdom 35% 2018
Airports
Chambéry, Clermont Ferrand, Grenoble, Poitiers-Biard, Pays d‘Ancenis(2)
France 100% from 2018 to 2029
Lyon-Bron, Lyon-Saint Exupéry France 31% 2047Nantes Atlantique, Saint Nazaire Montoir France 85% 2065Rennes, Dinard(2) France 49% 2024Toulon-Hyères France 100% 2040Phnom Penh, Siem Reap, Sihanoukville Cambodia 70% 2040Santiago de Chile(1) Chile 40% 2035Kansai, Osaka Japan 40% 2060Lisbon, Porto, Faro, Beja, Ponta Delgada, Horta, Flores, Santa Maria, Funchal, Porto Santo
Portugal 100% 2063
Santo Domingo (Las Américas and La Isabela), Puerto Plata, Samaná (Presidente Juan Bosch and Arroyo Barril), Barahona
Dominican Republic
100% 2030
Salvador de Bahia Brazil 100% 2047
Rail infrastructureGSM-Rail Wireless communication system over 16,000 km of rail lines France 30% 2025SEA HSL High-speed rail line (302 km) between Tours and Bordeaux France 33% 2061Rhônexpress Light rail system (23 km) in Lyon France 35% 2038
Stadiums
Bordeaux (Matmut Atlantique) 42,000 seats France 50% 2045Stade de France 80,000 seats France 67% 2025Le Mans (MMArena) 25,000 seats France 100% 2043Nice (Allianz Riviera) 36,000 seats France 50% 2041Queen Elizabeth Olympic Park stadium 57,000 seats United Kingdom 100% 2040
Other public amenitiesAutomation of river dams (Bameo)(1) 31 dams on the Aisne and Meuse rivers France 50% 2043Car Rental Center, Nice-Côte d’Azur Airport 60,000 sq. metre building France 100% 2040Public lighting in Goussainville France 100% 2026Public lighting in Rouen (Lucitea) France 100% 2027Martinique BRT system 2.5 km France 100% 2035
K E Y D ATA
V I N C I A U T O R O U T E S
VINCI Autoroutes’ competitive position (4)
Motorway networks under concession in Europe (in km)
Source: internal studies, company literature.
Revenue (1) by network(in €m and as a percentage)
(1) Excluding concessions subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).
(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.(4) Controlled company networks.
VINCI Autoroutes
Abertis Atlantia Eiffage Brisa
Revenue (1)
(in €m)
Ebitda (2)
(in €m and as a percentage of revenue (1) )
Operating income from ordinary activities
(in €m and as a percentage of revenue (1) )
Net income attributable to owners of the parent
(in €m)
Net financial debt (3) (in €m)
Capital employed (3) (in €m)
3,710 2,5883,850 2,685
2016
2016 2016 2016
2016 20162017
2017 2017 2017
2017 2017
5,277
1,325
4,443 3,081 2,476 1,6283,555
20,954 21,319
73.0% 50.9%5,111
1,412 22,309 21,598
72.6% 50.6%
ASF 3,053 58% Cofiroute 1,400 27% Escota 762 14% Arcour 58 1%
Aix en Provence
Limoges
Besançon
Amiens
Ca enChâlons en Champagne
Metz
Nancy
Reims
Bourges
Poitiers
Montargis
Sens
Rueil Malmaison
Versailles
Laval
Alençon
La Roche sur Yon
Vannes
Brest
Quimper
Angers
Le Mans
Tours
Niort
Montpellier
Narbonne
Arles
PérigueuxBrive la Gaillarde
Bayonne
Pau
Foix
Perpignan
Nîmes
Toulon
Fréjus
Nice
Orange
Valence
Grenoble
Chambéry
Roanne
Saint Étienne
Gap
Montauban
La RochelleRochefort
Saintes
Blois
Orléans
Chartres
Cholet Saumur
Tarbes
Saint Gaudens
Albi
Cahors
Manosque
Digne les Bains
Agen
Clermont Ferrand
Nantes
Paris
Dijon
Strasbourg
Monaco
Lyon
Lille
Rouen
Rennes
Bordeaux
Toulouse
Cherbourg en Cotentin Le Havre
Fois
Menton
Marseille
Annecy
Thonon les Bains
Colmar
Mulhouse
A19A28
A81
A85
A11
A11
A71
A89
A10
A85
A89
A89
A20
A28A11
A10
A10 A72
A87
A83
A46
A7
A7
A62 A51
A8
A645
A64A63
A66
A68
A61
A9
A75A9 A54
A52
A501 A520
A50A57
A355
A680
A86
A10
A500A64
A641
A837
2016
2016
2017
2017
3,815
1,400
3,689
1,364
(1) Excluding concession subsidiaries’ revenue derived from work carried out by non-Group companies. See glossary (page 333).
A S F G R O U P ( A S F A N D E S C O TA )(in €m and as a percentage of revenue (1))
Revenue (1) Ebitda (2) Net financial debt (3)
C O F I R O U T E(in €m and as a percentage of revenue (1))
Revenue (1) Ebitda (2) Net financial debt (3)
2,652
1,013
2,749
1,048
2016
2016
2016
2016
2017
2017
2017
2017
72.1%
74.9%
10,356
3,773
71.9%
74.3%
11,180
4,115
Motorway concessions of VINCI Autoroutes in France
ASF Cofiroute Escota Arcour Arcos A86 Duplex
Traffic 2017
(in millions of kilometres
travelled )
2017/2016 change
ASF 31,984 +1.9%Escota 7,284 +1.6%Cofiroute 11,720 +1.0%Arcour 329 +4.1%Total 51,316 +1.7%
(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.
K E Y D ATA
V I N C I A I R P O R T S
Revenue (1) by business activity(as a percentage)
Revenue (1) by geographical area(as a percentage)
Revenue (1)
(in €m)
Ebitda (2)
(in €m and as a percentage of revenue (1) )
Operating income from ordinary activities
(in €m and as a percentage of revenue (1) )
Net income attributable to owners of the parent
(in €m)
Net financial debt (3) (in €m)
Capital employed (3) (in €m)
Aviation services 54% Non-aviation services 26% Ground handling 9% Security/assistance for PRM(4) 11%
Portugal 54% Cambodia 13% France 23% Dominican Republic 10%
(1) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).(2) Cash flows from operations before tax and financing costs. See glossary (page 333).
563368
808 563
2016
2016
2016
2016 2016
20162017
2017
2017
2017 2017
2017
1,409
345
57.3%
4,048 5,783
39.9%1,055
249
53.3%
4,295 5,655
34.8%
(3) At 31 December.(4) Persons with reduced mobility.
VINCI Airports is one of the top five international players in the airport sector
with 35 airports operated worldwide.
The main listed companies in the sector are Aena (concession holder of Madrid
airport), French group ADP, Fraport (concession holder of Frankfurt airport)
and MAHB (concession holder of Kuala Lumpur airport).
In Europe, VINCI Airports operates 10 airports in Portugal (51.8 million
passengers) and 12 airports in France (18.2 million passengers), including Lyon-Saint Exupéry and Lyon-Bron
since November 2016 (10.3 million passengers).
AIRPORTS AND PASSENGER TR AFFIC MANAGED35 (1) airports and 156.6 million (1) passengers managed in 2017 (excluding ADP)
Source: internal studies, company literature.
Outside Europe, VINCI Airports holds concessions for the three international
airports in Cambodia (8.8 million passengers).
In Chile, VINCI Airports, under a consortium with ADP and Astaldi, operates
Santiago-Arturo Merino Benítez Airport (21.4 million passengers).
In the Dominican Republic, VINCI Airports operates six airports
(5.1 million passengers).
In Japan, VINCI Airports holds the concession, as part of a consortium with
Japanese partners, for the two Osaka airports (43.6 million passengers).
In Brazil, VINCI Airports has been operating Deputado Luís Eduardo
Magalhães Airport since 2 January 2018 (7.7 million passengers in 2017).
In 2018, two new airports will be added to VINCI Airports’ portfolio: Kobe (Japan)
and Belgrade (Serbia). Together, these two airports managed 8.2 million
passengers in 2017.
i iCompetitive position
(1) Including the airport in Salvador de Bahia, Brazil for full year.(2) Data in millions of passengers and 2017/2016 change.
1 airport in Chile
1 airport in Brazil
21.4(2)
+11.6%
7.7(2)
+1.8%
6 airports in the Dominican Republic
5.1(2)
+3.7%
10 airports in Portugal
51.8(2)
+16.5%
12 airports in France
18.2(2)
+ 9.4%
3 airports in Cambodia
8.8(2)
+25.1%
2 airports in Japan
43.6(2)
+8.5%
K E Y D ATA
C O N T R A C T I N GRevenue
(in €m)
Net income attributable to owners of the parent
(in €m)
Ebitda (1)
(in €m and as a percentage of revenue )
Net financial surplus (2) (in €m)
Capital employed (2) (in €m)
Operating income from ordinary activities
(in €m and as a percentage of revenue)
Revenue by geographical area(as a percentage)
1,5811,153
1,629 1,260
2016
2016 2016 2016
2016 20162017
2017 2017 2017
2017 2017
32,830
793 477 4,348
5.0% 3.8%31,466
680 872 3,465
5.0% 3.7%
France 53% Germany 8% United Kingdom 7% Central and Eastern Europe 6% Rest of Europe 8% Americas 7% Africa 4% Asia and Russia 3% Rest of the world 4%
NB: data does not include VINCI Immobilier.(1) Cash flows from operations before tax and financing costs. See glossary (page 333).(2) At 31 December.
Competitive positionsi i
EUROVIAFRANCE
Eurovia is one of the leaders in the road and rail works market with Colas and Eiffage Infrastructures. The market is
otherwise shared by a large number of local and regional contractors.
Eurovia is market leader in aggregates, where its competitors include roadworks companies and cement groups such as
LafargeHolcim, GSM (HeidelbergCement Group) and Cemex, along with several
hundred local producers.
GERMANYEurovia GmbH is one of the sector’s main players with Strabag, in a market made up
mainly of numerous regional players. In addition, Eurovia’s rail works subsidiary
ETF has expanded into Germany by acquiring THG Baugesellschaft mbH.
UNITED KINGDOMEurovia UK, through its subsidiary
Ringway, is a major player in long-term road maintenance contracts. Its main
competitors are Amey (Ferrovial group), Kier and Balfour Beatty. Eurovia UK also operates in conventional roadworks in
competition with Balfour Beatty Carillion and Tarmac (CRH Group), Aggregate Industries (LafargeHolcim), Hanson
(Heidelberg) and Conway.
CZECH REPUBLICEurovia CS is among the leaders in road and rail works. Its main competitors are
Skanska, Metrostav and Strabag.
NORTH AMERICAIn Canada, Eurovia is one of the major players in road infrastructure works in Quebec, Alberta and British Columbia through subsidiaries Eurovia Québec
Construction, Carmacks and BA Blacktop. Its main competitors are subsidiaries of Colas and LafargeHolcim, as well
as local companies.
In the United States, through subsidiaries Hubbard Construction and Blythe
Construction, Eurovia is a market leader in the south-east alongside Archer
Western Contractors (a Walsh Group subsidiary) and Lane Construction
(Salini Impregilo Group) for construction works and Preferred Materials
(CRH Group) for the manufacture and application of asphalt concrete.
Source: company literature.
VINCI ENERGIESFRANCE
VINCI Energies is the leader in a fragmented market in which the top six players account for only around
50% of the market.
Its main competitors are Engie Energie Services, Spie, Eiffage Énergie,
Bouygues Energies & Services and SNEF.
EUROPEVINCI Energies is a leading electrical
engineering and installation company. It ranks among the top players
in Germany, where it has a strong position (revenue of almost €2 billion
in 2017), Switzerland, Belgium, Netherlands, Portugal and Romania,
and now in Scandinavia (Sweden, Finland and Norway).
In the information and communication technologies sector, VINCI Energies operates mainly in
France, Germany, Netherlands, Portugal, Spain, Switzerland, Italy,
Sweden, United Kingdom, Belgium and Austria.
OUTSIDE EUROPEVINCI Energies operates in Africa,
where it is market leader in Morocco. It also operates in the Middle East,
Asia and South America.VINCI Energies has a solid foothold in
New Zealand and Australia.With the acquisition of PrimeLine Utility Services, VINCI Energies is
establishing a significant position in North America in energy transmission
and distribution.
Source: company literature.
VINCI CONSTRUCTIONFRANCE
VINCI Construction is the leader in a market estimated to be worth revenue of around €200 billion, ahead of Bouygues
Construction, Eiffage Construction, Fayat, NGE and Spie Batignolles. The remaining
market is divided among several medium-sized regional companies
(including Demathieu Bard and Léon Grosse) and a large number of
small contractors.
UNITED KINGDOMVINCI Construction UK is a company of significant size in the United Kingdom,
especially in the building and civil engineering sectors. Its main competitors
are Balfour Beatty, Kier, Laing O’Rourke and Interserve. The British market is
estimated to be worth revenue of around £150 billion.
CENTRAL EUROPEVINCI Construction operates in the
region through its medium-sized local subsidiaries, notably in Poland, the
Czech Republic and Slovakia. Its main competitors are Strabag, Skanska and Porr,
as well as Budimex in Poland and Metrostav in the Czech Republic.
AFRICAOperating in 21 countries, Sogea-Satom is
a major player in Central Africa, West Africa, Equatorial Africa and East Africa.
Its main competitors are European, Asian (particularly Chinese) and
African companies.
OCEANIABy acquiring HEB Construction in August 2015, VINCI Construction became a major
player in New Zealand’s infrastructure market. At the end of October 2017, VINCI Construction moved into the
Australian market with the acquisition of Seymour Whyte.
SPECIALIST MARKETSSoletanche Freyssinet operates
in specialist civil engineering markets all over the world. Its competitors include
Trevi, Bauer and Keller in special foundations, and VSL (a Bouygues subsidiary)
in prestressing and stay cable systems. Entrepose is a global operator in the design and construction of complex industrial projects in the oil, gas and
energy recovery sectors. Its main competitors include Saipem (ENI Group)
and CB&I.
Source: Euroconstruction, December 2017 (market size);company literature.
K E Y D ATA
V I N C I E N E R G I E S
Revenue by business activity(as a percentage)
Revenue by geographical area(as a percentage)
Revenue (in €m)
Ebitda (1)
(in €m and as a percentage of revenue)
Operating income from ordinary activities
(in €m and as a percentage of revenue)
Net income attributable to owners of the parent
(in €m)
Net financial debt (2) (in €m)
Capital employed (2) (in €m)
626 581627 615
2016
2016
2016
20162016
20162017
2017
2017
20172017
2017
10,759
361
5.8%
3,084700
5.7%10,200
326
6.1%
2,590420
5.7%
(1) Cash flows from operations before tax and financing costs.See glossary (page 333).(2) At 31 December.
Service sector 29% Industry 28% Infrastructure 25% Information and communication technologies 18%
France 51% Germany 17% Switzerland 4% Belgium 4% Netherlands 4% Rest of Europe 10% Africa 4% Rest of the world 6%
K E Y D ATA
E U R O V I A
Revenue by business activity(as a percentage)
Revenue by geographical area(as a percentage)
Revenue (in €m)
Ebitda (1)
(in €m and as a percentage of revenue)
Operating income from ordinary activities
(in €m and as a percentage of revenue)
Net income attributable to owners of the parent
(in €m)
Net financial surplus (2) (in €m)
Capital employed (2) (in €m)
416
243
455 301
2016
2016
2016
2016 2016
20162017
2017
2017
2017 2017
2017
8,112
216
5.6%
229 877
3.7%7,585
160
5.5%
159 795
3.2%
(1) Cash flows from operations before tax and financing costs.See glossary (page 333).(2) At 31 December.
Works 70% Industry 13% Quarries 9% Services 8%
France 57% Germany 10% United Kingdom 7% Central and Eastern Europe 11% Rest of Europe 2% United States 6% Canada 5% Central and South America 2%
K E Y D ATA
V I N C I C O N S T R U C T I O N
Revenue by business activity(as a percentage)
Revenue by geographical area(as a percentage)
Revenue (in €m)
Ebitda (1)
(in €m and as a percentage of revenue)
Operating income from ordinary activities
(in €m and as a percentage of revenue)
Net income attributable to owners of the parent
(in €m)
Net financial surplus (2) (in €m)
Capital employed (2) (in €m)
539 330547 344
2016
2016
2016
2016 2016
20162017
2017
2017
2017 2017
2017
13,960
216
3.9%
948 387
2.5%13,681
194
3.9%
1,133 79
2.4%
(1) Cash flows from operations before tax and financing costs.See glossary (page 333).(2) At 31 December.
Building 37% Specialist activities and complex projects 39% Civil and hydraulic engineering 24%
France 53% United Kingdom 11% Central and Eastern Europe 5% Rest of Europe 4% Americas 8% Africa 7% Asia and Russia 6% Rest of the world 6%