40
2010 Profile
2010Profile
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VINCI_2010 Profile 1
The world leader in concessions and construction, employing 162,000 people in about 100 countries, VINCI finances, designs, builds and manages the 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.A private company contributing to the development of society, VINCI successfully blends a business focus on today’s priorities with the long-term sustainability of its accomplishments and concessions-construction business model.
ProfileGroup /
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2 VINCI_ 2010 Profile
Executive Committee This committee is responsible for managing VINCI. It met 40 times in 2009. Xavier Huillard(1), Chairman and Chief Executive Officer, VINCI
Christian Labeyrie, Executive Vice-President and Chief Financial Officer, VINCI
Richard Francioli, Executive Vice-President, Contracting, VINCI
Jean-Yves Le Brouster, Chairman and Chief Executive Officer, VINCI Energies
Jacques Tavernier, Chairman and CEO, Eurovia
Louis-Roch Burgard, Chief Operating Officer, VINCI Concessions
Pierre Coppey, Chairman, VINCI Autoroutes
Jean Rossi, Chairman, VINCI Construction France
Bruno Dupety, Director and CEO, Soletanche Freyssinet
Pierre Berger, Chairman, VINCI Construction Grands Projets
Jean-Luc Pommier, Vice-President, Business Development, VINCI
Franck Mougin, Vice-President, Human Resources and Sustainable Development, VINCI
Pierre Duprat, Director of Corporate Communications, VINCI
Management and Co-ordination Committee This committee brings together the members of the Executive Committee and senior VINCI executives. Its remit is to ensure broad discussion of VINCI’s strategy and development. It met four times in 2009.
Pierre Anjolras, CEO, Autoroutes du Sud de la France
Renaud Bentegeat, Managing Director, CFE
Dominique Bouvier, Chairman and CEO, Entrepose Contracting
Philippe-Emmanuel Daussy, Chairman and CEO, Escota
Jean-Marie Dayre, Deputy Managing Director, VINCI Energies
Denis Grand, Chairman and CEO, VINCI Park
Jean-Pierre Lamoure, Chairman, Soletanche Freyssinet
Olivier de la Roussière, Chairman, VINCI Immobilier
Patrick Lebrun, Deputy Managing Director, VINCI Energies
Jean-Louis Marchand, Executive Vice-President, Eurovia
Yves Meignié, Deputy Managing Director, VINCI Energies
Sébastien Morant, Chairman, VINCI Construction Filiales Internationales
Patrick Richard, General Counsel, VINCI,Secretary to the Board of Directors
John Stanion, Chairman and Chief Executive, VINCI plc
Guy Vacher, Executive Vice-President, Eurovia
Corporate governanceGroup /
Board of Directors Xavier Huillard(1), Chairman and Chairman Executive Officer of VINCI
Yves-Thibault de Silguy(1), Vice-Chairman and Senior Director of VINCI
DirectorsDominique Bazy, Managing Partner of Barber Hauler Capital Advisers
Robert Castaigne, Former Chief Financial Officer and former member of the Executive Committee of Total
François David, Chairman of Coface
Patrick Faure, Chairman of Patrick Faure et Associés
Dominique Ferrero(2), Adviser to the Chairman of Natixis
Jean-Pierre Lamoure, Chairman of Soletanche Freyssinet
Jean-Bernard Lévy, Chairman of the Management Board of Vivendi
Michael Pragnell, founder, former CEO and former Chairman of the Executive Committee of Syngenta AG
Henri Saint Olive(2), Chairman of the Board of Banque Saint Olive
Pascale Sourisse, Senior Vice-President of the Land & Joint Systems Division of Thales
Denis Vernoux, Design Engineer and Chairman of the Supervisory Board of the Castor corporate mutual funds
New Director proposed to the Shareholders’ General Meeting on 6 May 2010Qatari Diar Real Estate Investment Company(3), a company registered under Qatari law
(1) Subject to the renewal of his appointment as Director by the Shareholders’ Meeting on 6 May 2010. (2) Renewal of appointment proposed to the Shareholders’ Meeting of 6 May 2010. (3) Appointment proposed to the Shareholders’ Meeting of 6 May 2010, with effect conditional upon the transfer of Cegelec’s share capital to VINCI.
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Revenue by division (1)
Concessions 4,899 Contracting 26,891 Holding companies 138
and misc.
85%
15%
Key business figuresGroup /
Operating profit from ordinary activities
Concessions 1,917 Contracting 1,220 Holding companies 55
and misc. 38%
60%
2%
Revenue
France International Revenue realised by concession
subsidiaries for the construction of new infrastructure by third parties
Pro forma(2)
30,874
2007
10,707
19,631
536
33,930
2008
20,936
12,522
472 32,460
2009
12,306
19,621
532
Actual
30,428
2007
10,711
19,717
Revenue by geographical area (1)
France 19,621 Central and 2,160
Eastern Europe United Kingdom 2,149 Germany 1,784 Belgium 972 Rest of Europe 1,551 Americas 1,328 Africa 1,456 Middle East and 907
rest of the world
61.5%
6.8%
6.7%5.6%
3.0%4.8%
4.2%2.8%4.6%
In € millions
Operating profit from ordinary activities
Actual
3,113
10.2% (3)
2007
3,378
10.1% (3)
2008
3,192
10.0%(3)
2009
3,118
10.3%(3)
2007
Net profit attributable to equity holders of the parent1,461
4.8%(3)
2007
1,591
4.8% (3)
2008
1,596
5.0%(3)
2009
1,455
4.8%(3)
2007(1) Subject to the renewal of his appointment as Director by the Shareholders’ Meeting on 6 May 2010. (2) Renewal of appointment proposed to the Shareholders’ Meeting of 6 May 2010. (3) Appointment proposed to the Shareholders’ Meeting of 6 May 2010, with effect conditional upon the transfer of Cegelec’s share capital to VINCI.
Pro forma(2)
Pro forma(2)Actual
(1) Excluding revenue realised by concession subsidiaries for the construction of new infrastructure by third parties. (2) Pro forma: after application of IFRIC Interpretation 12, Service Concession Arrangements. (3) Percentage of revenue (1).
9467_VINCI_EnBref09_GB.indd 3 23/04/10 17:44
Group /
Key human resources figures
Employees by type of contract
Work-and-study Fixed-term Unlimited-term
Workforce
Employees by geographical area
France Central and Eastern
Europe United Kingdom Germany Belgium Rest of Europe Americas Africa Asia, Oceania and
rest of the world
Employees by socio- professional category
Managers Non-managers
New employees by type of contract
Fixed-term Unlimited-term
Recruitment
New employees by geographical area
France Central and Eastern
Europe United Kingdom Germany Belgium Rest of Europe Americas Africa Asia, Oceania and
rest of the world
New employees by socio-professional category
Managers Non-managers0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
128,433
117,230
2004
164,057
147,481
2008
161,746
141,027
2009
4%
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
57%
8%
6%
5%
4 %6%
3%7%
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
85%
15%
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
35,932
16,146
19,786
2004
51,905
25,546
26,359
2008
42,485
27,463
15,022
2009
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
44%
3%
19%
4%
17%
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
94%
6 %
2% 4%2%5%
2,0149,189
3,61612,960
3,292 17,427
9467_VINCI_EnBref09_GB.indd 4 23/04/10 17:44
Employees aged 55 and over (1)
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
21%
2008
22%
2009
Employees with a disability (1)
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
1.61%
2008
1.72%
2009
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
58%
2008
58%
2009
Non-managers
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
58%
2008
59 %
2009
Group
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
1.06
2004
0.64
2008
0.67
2009
Accident severity rate (3) of VINCI employees
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
42%
2004
46%
2008
% of companies with no lost time accidents
54%
2009
(1) As a percentage of the workforce.(2) Number of lost time accidents per million hours worked.(3) Number of lost days per thousand hours worked.
Diversity
Women(1)
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
13%
2008
13%
2009
Managers
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
63%
2008
66%
2009
Access to training
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
18.00
2004
11.59
2008
Lost time accident frequency rate (2)
10.49
2009
Occupational health and safety
0
10000
20000
30000
40000
50000
0
3
6
9
12
15
0
5
10
15
20
25
0,0
0,5
1,0
1,5
2,0
0
10
20
30
40
50
60
70
80
0
10
20
30
40
50
60
0
10
20
30
40
50
60
0
5
10
15
20
0,0
0,2
0,4
0,6
0,8
1,0
1,2
0
10
20
30
40
50
60
0
5
10
15
20
25
30
0
50000
100000
150000
200000
28.34
2008
19.87
2009
VINCI employees Temporary staff
9467_VINCI_EnBref09_GB.indd 5 23/04/10 17:44
Group /
6 VINCI_ 2010 Profile
Resilience and growth
Concessions-contracting complementaritiesVINCI’s business model is built on the complementary nature of its conces-sions and contracting (energy, roads, construction) activities: business cycles: long-term for
concessions, short- and medium-term for contracting; financial: high capital intensity and
recurring revenue in concessions; low capital intensity and a structurally positive operating cash flow in contracting; expertise: the concessions division
provides expertise in project develop-ment, financing and operation; the construction division has the skills
required to design and deliver complex turnkey projects, as well as a network of operations worldwide.
Building on our fundamentalsOur strategic plan is to extend this model to reinforce the Group’s resilience while strengthening our capacity to generate growth by intensifying recently launched efforts so as to: optimise the Group’s position in its local markets,
to harvest growth opportunities; invest in market segments and technological niches that
offer above average development potential such as oil and gas infrastructure or energy services; generate more long-term business, not only in conces-
sions (development of operating infrastructure services) but also in contracting (facilities management, industrial and energy equipment maintenance, management of public lighting, road maintenance, etc.); expand the Group’s capability to design, manage and
implement complex projects.We will pursue this strategy mainly through organic growth as our priority goal of controlling debt will limit acquisitions in cash.
Markets generating long-term growthVINCI’s mix of businesses and its model are fully aligned with the trends in its markets. In the long term, urban development, the increasing importance of mobility and growing energy infrastructure needs will generate very large investment programmes for new construction and renovation in both emerging and mature economies. In most of these markets, economic stimulus packages, programmes to combat climate change and eco-efficiency policies will feed the flow of projects.
Strategy and outlook
VINCI is pursuing a strategy of international growth.
9467_VINCI_EnBref09_GB.indd 6 23/04/10 17:44
VINCI_2010 Profile 7
VINCI-Qatari Diar strategic partnershipIn August 2009, VINCI and investment fund Qatari Diar Real Estate Investment Company signed a draft agreement followed by a contract in January 2010. With Cegelec’s entry into the Group, the agreement represents a major acquisition for VINCI while also helping to stabilise its shareholding. The transaction will be carried out exclusively through an exchange of shares and thus will have
no effect on VINCI’s debt ratios. It will give us a platform for growth in the promising energy services market and increase our revenue by approximately €3 billion. As of the end of March 2010, the partnership’s completion and timetable were pending approval of competition authorities.
Cegelec’s integration will reinforce VINCI’s position in markets that are expected to grow faster than GDP over the long term.
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Group /
8 VINCI_ 2010 Profile
Social responsibility
Creating permanent jobsWhenever possible, VINCI prefers to create permanent jobs. On 31 December 2009, we had 161,746 employees worldwide, 87% of them on permanent contracts. Despite a difficult economic context, we hired 15,022 people worldwide for permanent jobs in the course of the year, 5,985 of them in France.
Anticipating the need to develop new business skillsIn total, 91 forward-looking jobs and skills management (GPEC) agreements were signed in 2009. Such agreements make it possible to better anticipate changes occurring in our business lines and
markets, as well as the corresponding need to develop skills. Our human resources policy also aims to internationalise recruitment and the career development of our employees, and to enhance our expertise as a project integrator capable of taking charge of ever more complex projects. In 2009, we provided 3 million hours of employee training.
Ensuring the health and safety of all employeesOur aim is to achieve zero accidents. In five years, the number of training hours devoted to safety has doubled, and the frequency of occupational accidents has fallen 42%. Our accident prevention and safety policy calls for considerable input on the part of management, and is deployed via a whole range of actions: 15-minute safety sessions, accident prevention competitions, analysis of accidents and near-miss incidents, etc. This policy extends to subcontractors and temporary work agencies.
Promoting equal opportunitiesVINCI pursues a proactive policy as regards managing equal opportunities. For the third year running, we had this policy audited by an independent organisation, Vigeo. Audits carried out since 2007 have covered a total of 120 subsidiaries (of which 40 in 2009) and more than 2,600 people. The results for the four themes examined (gender equality, disabled people, people from an immigrant background, people aged 55 and over) show that practices have improved. A body of in-house auditors, assisted in 2009 by the Vigeo analysts, has been formed and trained to develop this audit approach, which is the subject of in-house follow-up.
Fostering employee share ownershipWe are committed to making it easier for employees to participate in our capital through a share-based employee savings plan and an attractive employer contribution policy that favours the smallest savers. In 2009, employee share ownership remained stable despite the difficult stock market context. More than 95,000 employees, i.e. about 60% of the workforce, were VINCI shareholders at the end of the year.
Sustainable development
One of VINCI’s priorities is the development of eco-design, including life cycle analysis, for both buildings and structures.
9467_VINCI_EnBref09_GB.indd 8 23/04/10 17:55
VINCI_2010 Profile 9
Heritage preservationGroup companies continued their policy of showcasing archaeological and palaeontological finds made on their worksites, particularly on motorway projects. Numerous dinosaur fossils have been exhumed in recent years, for example, in the course of the works to widen the A8 in Provence.
Developing social dialogueIn 2009, 1,650 equality and diversity agreements were signed. In total, 73% of VINCI companies are covered by collective agreements. More than 6,300 employees have been elected by their peers to represent them.
Civic engagement
Encouraging employee involvement in solidarity projectsIn line with our humanist convictions and solidarity values, we support projects that create social links and help the unemployed find work. These initiatives, are led mainly by the VINCI Foundation for the Community, which provides a combination of financial support and skills-based sponsorship. In 2009, 120 projects supported by 192 employees were backed by Foundation subsidies totalling €2 million. Structures similar to the VINCI Foundation in France have been created in the Czech Republic (seven projects supported) and Germany (13). In Africa, too, Sogea-Satom’s Initiatives for Africa programme (ISSA) encourages employee participation in solidarity projects for the benefit of local people in regions where the subsidiary’s offices are working on projects. Since its creation in 2007, ISSA has supported 35 projects in 16 countries.
The VINCI Foundation for the Community supports projects that create social links and help the unemployed find work.
9467_VINCI_EnBref09_GB.indd 9 23/04/10 17:44
Group /
10 VINCI_ 2010 Profile
Environment
Limiting the environmental impact of our business activitiesWe continued to deploy our environ-mental policy in 2009. Our reporting system now covers virtually all our revenue (91%). Whether involved in construction or operation, all VINCI companies strive to meet the highest environmental standards. The rollout of environmental management systems, complementing quality management systems, helps to ensure constant improvement in this area.
Combating climate changeVINCI has been measuring its green-house gas emissions since 2007 as a
guide to the action to be taken to limit them and to measure progress made. Using the international standard ISO 14064, we carried out a CO2 audit of all Group emissions. In 2009, these amounted to a total of 2.15 million tonnes on a Scope 2 basis (i.e. direct emissions and electricity). In addition to attempting to reduce emissions resulting directly from our business activities, we encourage our partners, suppliers and customers – particularly those of our motorway networks – to participate in this effort.
Deploying an eco-efficiency policyIn preparation for stricter regulation in Europe (Grenelle Environment Forum legislation in France, Carbon Reduction Commitment in the UK), we have made the development of eco-design, including life cycle analysis (LCA), of buildings and structures a priority. This approach involves increased discussion upstream of the construc-tion stage (materials manufacturers, architects, etc.) and taking the end-user into account when designing projects. We are also developing eco-comparison tools, which make it possible to optimise the energy performance of buildings and limit the environmental footprint of structures. In addition, these tools enable us to suggest more environment-friendly alternatives for both buildings and transport infrastructure.
Preserving natural resources and biodiversityWe have embarked on a series of forward-looking studies, notably in partnership with France’s National Natural History Museum and AgroParisTech. These will enable us to integrate the impact of our projects on natural resources and biodiversity more accurately into our business model and evaluate the corresponding costs. In motorways, our VINCI Autoroutes companies have made a commitment to the French government to invest €750 million in upgrading their networks to higher environmental standards in exchange for a one-year extension to their concession contracts. They have also renewed their partnership agreement with the Fondation Nicolas Hulot pour la Nature et l’Homme.
Sustainable development
The A19 is the first application of VINCI Autoroutes’ eco-motorway concept.
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VINCI_2010 Profile 11
R&D and innovation
Striving for technological excellenceSome 72 research programmes were under way in our various business entities in 2009, representing a budget of €32.5 million. Internally, R&D occupies more than 180 research workers and scientists, and we have a portfolio of over 1,600 active patents worldwide.
Developing research in eco-design and the sustainable cityIn 2008, VINCI co-founded the first chair in the eco-design of building complexes and infrastructure with the ParisTech engineering schools (Mines Paris, Ecole des Ponts, Agro). This move was
designed to promote the integration of eco-design concepts into the training provided for future generations of engineers and develop decision-making tools for economic operators. In 2009, as a result of this partnership, 12 research projects (theses and post-doctoral work) were started and a series of training sessions was given by teams from ParisTech and VINCI.We also encourage forward-looking debate on the sustainable city through The City Factory, a forum where experience and expertise can be shared between public- and private-sector operators involved in urban develop-ment and mobility issues. The City Factory organised its third seminar in 2009. Held in Copenhagen, its subject was “Sustainable cities, from vision to action”.
Making the most of participative innovationWe develop our innovative potential by encouraging concrete initiatives at the most local level from our companies and their teams. This approach is symbolised in particular by the VINCI Innovation Awards competition, staged every second year and open to all Group employees. The 2009 edition attracted almost 1,500 entries (up 30% against 2007): 109 won prizes at regional level and 11 were winners in the final stage of the competition. The Grand Prize went to the Pirandello® modelling system, which measures the impact of public planning decisions (transport, housing, jobs) on urban development.In 2010, our R&D and operational teams will be working together on a technological assessment process to identify innovations that could be suitable for widespread use within and even outside the VINCI Group.
Internally, R&D occupies more than 180 research workers and scientists.
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12 VINCI_2010 Profile
Group /
Stock market
VINCICAC 40DJ Eurostoxx 50DJ Eurostoxx Construction & MaterialsVINCI shares traded
Share performance and average daily trading volumeBetween 31 December 2008 and 31 December 2009, our share price rose 32%, while the CAC 40, DJ Eurostoxx 50 and DJ Eurostoxx Construction & Materials indexes rose 22%, 21% and 30% respectively.In 2009, a daily average of 3 million shares was traded on the market (Euronext + MTFs).
20
45
40
35
30
25
Jan. 0
5
4
3
2
1
Feb. March April May June July Aug. Sept. Oct. Nov. Dec.
Price in €(VINCI rebased)
20
30
40
50
0,00,51,01,52,02,53,03,54,0
20
30
40
50
0,00,51,01,52,02,53,03,54,0
2009
(*) Estimate based on a schedule of identifiable bearer shares at 31 December 2009.
9.2% Employees (savings funds) 4.0% Treasury shares 12.3% Individual shareholders 4.0% Financière Pinault 29.0% Institutional investors in France 41.5% Institutional investors outside France
A balanced and diversified shareholder base(*) At 31 December 2009, institutional investors held 74.5% of VINCI’s share capital, spread over almost 600 investment funds located mainly in France, other European countries and North America. At the same date, individual shareholders accounted for 12.3% of our share capital. Lastly, 95,000 VINCI employees held 9.2% of our share capital through our employee savings funds. These funds were our leading shareholder group.
4.0%
4.0%9.2%
12.3%
29.0%
41.5%
Number of shares traded(millions/day)
9467_VINCI_EnBref09_GB.indd 12 23/04/10 17:44
(*) Estimate based on a schedule of identifiable bearer shares at 31 December 2009.
Return on investment in VINCI shares over five yearsA VINCI shareholder who invested €1,000 on 1 January 2005 and reinvested all the dividends received would have had an investment of €1,921 on 31 December 2009. This represents an annual return of 14%.
€1,921
2009
€1,000
2005
+14% a year
Dividend per share growth over five years(*) The dividend proposed to the Shareholders’ Meeting in respect of 2009 is €1.62 per share, the same as that for 2008 and representing 62% growth over the 2005 dividend.
(*) After restatement following the two-for-one share splits in May 2005 and May 2007.
€1.62
2009
€1.62
2008
€1.52
2007
€1.33
2006
€1.00
2005
VINCI_2010 Profile 13
VINCI: 18th biggest capitalisation in the CAC 40 on 31 December 2009
€20.5 billionat 31 December 2009based on a price of €39.50 per share
VINCI is ranked 18th in the CAC 40 by market capitalisation and 16th by index weight.
VINCI Shareholder Relations Department1 cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex, France Shareholders’ web page on www.vinci.comIndividual shareholders in France Tel: 0 800 015 025 (free-phone from a fixed line)Individual and institutional shareholders outside France Tel: +33 1 47 16 45 39 Fax: +33 1 47 16 36 23
9467_VINCI_EnBref09_GB.indd 13 23/04/10 17:44
Net profit attributable to equity holders of the parent
745
15.2%
2009
Revenue(1)
4,781
2008
4,899
2009
4,574
2007(2)
Operating profit from ordinary activities
1,917
39.1%
2009
1,751
38.3%
2007(2)
1,966
41.1%
2008
756
15.8%
2008
674
14.7%
2007(2)
In € millions and as a percentage of revenue (1)
9467_VINCI_EnBref09_GB.indd 14 23/04/10 17:44
ConcessionsWith a network stretching 4,384 km, representing more
than half of France’s motorway network under concession, VINCI Autoroutes is Europe’s leading motorway operator. VINCI Concessions is developing and operating a unique
portfolio of transport infrastructure and public facility concessions in about 20 countries.
Cash flow from operations (3)
3,086
63.0%
2009
2,936
61.4%
2008
2,832
61.9%
2007(2)
Revenue by geographical area (1)
France Rest of Europe Rest of the world
94%
2% 4%
Net financial debt (4)
17,454
2008
17,917
2009
16,967
2007
(1) Excluding revenue realised by concession subsidiaries for the construction of new infrastructure by third parties.(2) Pro forma.
(3) Before tax and cost of financing.(4) At 31 December.
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16 VINCI_ 2010 Profi le
Concessions
VINCI Autoroutes
9467_VINCI_EnBref09_GB.indd 16 23/04/10 17:44
Profile
With a network stretching 4,384 km, representing more than half of France’s motorway network under concession, VINCI Autoroutes is Europe’s leading motorway operator.Four concession companies are united under the VINCI Autoroutes banner in France:
ASF: 2,634 km of motorways in operation and 80 km in planning or construction, covering the southern half of France (1.1 million customers a day, 578,000 toll accounts);
Cofiroute: a 1,100 km network serving the west of France (311,000 customers a day, 286,000 toll accounts). Cofiroute also holds the concession for the A86 Duplex tunnel in the greater Paris area, of which the first section (4.5 km) was commissioned in 2009;
Escota: a network of 459 km located in Provence-Alpes-Cote d’Azur (673,000 customers a day, 200,000 toll accounts);
Arcour, concessionaire for the new A19 between Artenay and Courtenay (101 km), the southern bypass around the greater Paris area, operated by Cofiroute.
Revenue by network (*)
58% ASF 15% Escota 27% Cofiroute
58%
27%
15%
VINCI_2010 Profile 17
Revenue (*)
€4,095 million
Operating profit from ordinary activities €1,793 million
Net profit attributable to equity holders of the parent €733 million
Workforce 8,600 employees
Millions of kilometres
travelled
Growth on a stable
network
ASF 28,034 +1.4%
Escota 6,561 +0.7%
Cofiroute 10,773 +1.1%Arcour (6 months) 136
Traffic by network
(*) Excluding revenue realised by concession subsidiaries for the construction of new infrastructure by third parties.
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18 VINCI_2010 Profile
Concessions / VINCI Autoroutes / Main contracts
Autoroutes du Sud de la France (ASF)operates a 2,634 km network covering the southern half of France (A7, A8, A9, A10, A11, A20, A54, A61, A62, A63, A64, A641, A645, A66, A68, A72, A83, A837, A87 and A89) and has 80 km in planning or construction. ASF also holds the concession for the northern ring road around Lyons (Openly) and the Puymorens tunnel in the Pyrenees.
Cofiroute operates 1,100 km of motorway in western France (A10, A11, A19, A28, A71, A81 and A85). The company also holds the concession for the A86 Duplex tunnel near Paris, the first section of which (4.5 km) was commissioned in 2009.In Germany, Cofiroute is a shareholder in Toll Collect, the company that 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 and the MnPass system on the HOT lanes (free for car-sharers, toll charged for other vehicles) on the I-394 and I-35W in Minneapolis, Minnesota.
Escota operates a 459 km network in the Provence-Alpes-Côte d’Azur region (A8, A50, A500, A501, A51, A52, A520 and A57).
Arcour holds the concession for the A19 (101 km), the new motorway which, operated by Cofiroute, forms the southern link in the outer ring road around the greater Paris region.
(1) Excluding construction revenue (IFRIC 12).(2) Before tax and cost of financing.(3) Of which exceptional items totalling €79 million.(4) Networks in which the companies are the majority shareholder.
Source: company press releases
Revenue (1)
Revenue (1)
ASF group (Escota and ASF)Cash flow from operations (2)
Cash flow from operations (2)
2,895
2008
2,967
2009
1,902
65.7%
2008
1,997
67.3%
2009
478(3)
16.5%
2008
480
16.2%
2009
Net profit attributable to equity holders of the parent
Net profit attributable to equity holders of the parent
1,077
2008
1,111
2009
772
71.6%
2008
800
72.0%
2009
269
25.0%
2008
260
23.4%
2009
Cofiroute
Motorway networks under concession in Europe (In km)(4)
VINCI Autoroutes 4,384
Atlantia 3,413
Abertis 3,264
Eiffage 2,583
Brisa 1,494
Cintra 1,217
In € millions and as a percentage of revenue(1)
9467_VINCI_EnBref09_GB.indd 18 23/04/10 17:44
(1) Excluding construction revenue (IFRIC 12).(2) Before tax and cost of financing.(3) Of which exceptional items totalling €79 million.(4) Networks in which the companies are the majority shareholder.
Source: company press releases VINCI_2010 Profile 19
The VINCI Autoroutes network
ASF Cofiroute Escota
Motorway under construction
Net profit attributable to equity holders of the parent
Net profit attributable to equity holders of the parent
Motorway networks under concession in Europe (In km)(4)
Biarritz
Rochefort
Angers
Northern Lyons ring road
Menton
A81
A10
A89
A89
A7
A9
A9
A9 A54
A63
A64
A645
A51A8
A57
A10
A85
A61
A66A64
A62A20
A72
A89A837
A10
A28
A86 Duplex
A71
A10A28
A87A83
A7
A50
A52
A11
A85
A11
A19
AlençonLaval
La Roche sur YonNiort
ToursBourges
Orléans
BordeauxBrive la Gaillarde
Poitiers
Saintes
A10
Nîmes
Narbonne Toulon
Orange
Aix en Provence
Puymorens tunnel
A68Toulouse
MontaubanA641
Lyons
Clermont Ferrand
Saint Etienne
Paris
Le Mans
NantesAngers
A8
Pau
A11
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20 VINCI_2010 Profile
Concessions
VINCI Concessions
9467_VINCI_EnBref09_GB.indd 20 23/04/10 17:44
Profile
As both a developer of new concessions and an investor in a unique concessions portfolio, VINCI Concessions plays a pivotal role in implementing VINCI’s integrated business model. VINCI Conces-sions’ expertise in design, financing, construction, operations and maintenance makes it the preferred partner of public authorities in France and abroad for development of transport infrastructure (roads and motorways, car parks, rail links, airports) and public facilities.Conscious of the responsibilities with which it is entrusted through its public service contracts, VINCI Concessions seeks innovative approaches to optimise operations and infrastructure mainte-nance that best respond to the expectations of its end-users.
77% VINCI Park 6 % VINCI Airports 17 % Other concessions
77%
17%
6%
Revenue by business line (*)
Revenue (*)
€804 million
Operating profit from ordinary activities €136 million
Net profit attributable to equity holders of the parent €59 million
Workforce 8,100 employees
Note: the financial data is for VINCI Park and other infrastructure (excluding concessions holding companies).
(*) Excluding revenue realised by concession subsidiaries for the construction of new infrastructure by third parties.
VINCI_2010 Profile 21
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22 VINCI_2010 Profile
VINCI ParkEurope’s leader in parking and with operations in the United States and Canada, VINCI Park manages 1,250,000 on-street or parking facility (2,300) spaces in 12 countries through nearly 2,000 contracts.
VINCI Airports Six airports in France
Chambéry-Savoie, Clermont Ferrand-Auvergne, Dinard-Pleurtuit, Grenoble-Isère, Quimper-Cornouaille and Rennes-Saint Jacques. Three airports in Cambodia
Phnom Penh, Siem Reap and Sihanoukville.
Motorway and road infrastructureCanada Fredericton–Moncton motorway (200 km).France Prado Carénage and Prado Sud tunnels in Marseilles.Germany A4 Gotha–Eisenach (45 km) and A5 Offenburg–Baden-Baden (60 km) motorways.Greece Athens–Tsakona (365 km) and Maliakos–Kleidi (240 km) motorways.Jamaica 23 km motorway network.Netherlands Coentunnel in Amsterdam.Slovakia R1 Nitra–Tekovské Nemce expressway (52 km).United Kingdom Newport Southern Distributor Road (9.3 km).
Railway infrastructureBelgium Liefkenshoek rail link (16 km) in the Port of Antwerp.France Rhônexpress light rail system (23 km) in Lyons; GSM-R digital communication system over 14,000 km of track.
Concessions / VINCI Concessions / Main contracts
01 02
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VINCI_2010 Profile 23
Bridges and tunnelsCanada Confederation Bridge (New Brunswick–Prince Edward Island).Greece Charilaos–Trikoupis Bridge (Peloponnese–mainland Greece over the Gulf of Corinth).Portugal Vasco da Gama and 25 April Bridges over the Tagus estuary in Lisbon.United Kingdom Two bridges over the River Severn linking England and Wales.
Public facilities Stade de France near Paris and
MMArena stadium in Le Mans (France). Public lighting (Lucitea) in Rouen; car
rental firm business complex at Nice airport (France).
01 In New York, LAZ Parking operates 34 car parks linked to the city’s northern metro network.02 After completion of the infrastructure works, the Rhônexpress link will be brought into service in summer 2010.03 The Prado Carénage tunnel saves drivers 25 minutes on the journey across Marseilles.04 In Slovakia, VINCI is a stakeholder in the PPP for the design, construction, financing and operation of the R1 expressway.
03 04
9467_VINCI_EnBref09_GB.indd 23 23/04/10 17:44
24 VINCI_ 2010 Profi le
Net profi t attributable to equity holders of the parent
Revenue Operating profi t from ordinary activities
28,520
2008
26,891
2009
25,660
2007
1,220
4.5%
2009
1,289
5.0%
2007
1,363
4.8%
2008
801
3.0%
2009
884
3.1%
2008
843
3.3%
2007
In € millions and as a percentage of revenue
9467_VINCI_EnBref09_GB.indd 24 23/04/10 17:44
VINCI_2010 Profi le 25
ContractingAt the heart of the Group’s integrated model,
VINCI Energies, Eurovia and VINCI Construction form an unrivalled network of expertise and companies.
In 2009, their 145,000 employees worked on 240,000 projects in some 100 countries.
Cash fl ow from operations (1)
Revenue by geographical area
Net cash (2)
France Central and
Eastern Europe United Kingdom Germany
Rest of Europe Americas Africa Rest of the world
55%
5% 3%
8%
8%
7%
9%
5%2,995
2008
3,339
2009
2,593
2007
1,737
6.5%
2009
1,809
6.3%
2008
1,659
6.5%
2007
(1) Before tax and cost of financing.(2) At 31 December.
9467_VINCI_EnBref09_GB.indd 25 23/04/10 17:55
Contracting
VINCI Energies
9467_VINCI_EnBref09_GB.indd 26 23/04/10 17:44
VINCI_2010 Profile 27
Profile
VINCI Energies is a European market leader in energy and information systems. Linking users and equipment manufacturers, the company delivers a wide array of value-added design, implementa-tion, maintenance and operations services in four business lines.
Infrastructure: power supply networks (power transmission, transformation and distribution), urban lighting and development, transport infrastructure (power supply, lighting and information systems).
Industry: power distribution, monitoring and control, mechanical engineering, air treatment, fire protection, insulation, industrial maintenance.
Service sector: power supply networks, climate engineering, plumbing, fire detection and protection, building automation systems, security, multi-technical and multi-service maintenance.
Telecommunications: infrastructure and voice-data-image company communications.
The diversity of offers made by VINCI Energies through its comprehensive European network of 800 companies and six brands enables it to pro-pose solutions that are both local and global. With a workforce of 32,000 employees in 21 countries, VINCI Energies generates more than 30% of its revenue outside France.
77%
6%
32% Industry 33% Service sector 23% Infrastructures 12% Telecommunications
12%
32%
33%
23%
Revenue by business line
Revenue €4,339 million
Operating profit from ordinary activities €230 million
Net profit attributable to equity holders of the parent €161 million
Workforce 32,000 employees
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28 VINCI_2010 Profile
Contracting / VINCI Energies / Main contracts
Industry Transport As part of a VINCI consortium, repair work to the Channel Tunnel, damaged by fire in September 2008. High and low voltage systems, railway signalling and cooling systems.Cement worksImplementation of the electricity and monitoring and control works packages for a second cement production unit for Lafarge Ciments in Tétouan (Morocco).Energy production Electricity, instrumentation, automation
and industrial asset protection works packages as part of the refurbishment of the GRT Gaz (GDF Suez group) interconnection grid at Alfortville (France). Design studies, supply, installation
assistance and commissioning of fire and gas safety systems, emergency shutdown system, CCTV and general alarm system for Total Exploration & Production Russia’s Kharyaga oilfield in the Nenets Autonomous District (Russia).
PharmaceuticalsInstallation of low voltage network for process machines, lighting distribution and electrical outlets, rollout of IT network at GSK plant in Saint Amand (France). Installation of airlock management automation.Pulp & paperFire protection and control and command system for Palm paper plant in King’s Lynn (United Kingdom).
Service sectorEducationComprehensive heat audit and replacement of eight boilers by energy-efficient boilers at Eton College (United Kingdom).RetailFull refurbishment (electrical, plumbing, communication, access control and fire detection systems) of the former Sulzer office block (26 storeys) for Winterthur department stores (Switzerland).Property Installation of electricity, information system and air
conditioning networks at the new Microsoft head office in Issy les Moulineaux (France). Electricity networks in Gothenburg’s new court building
(Sweden).
01 Deployment of a high-performance conductor for RTE.02 Opteor (VINCI Energies) carries out maintenance and an energy audit of ASF installations.
01 02
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VINCI_2010 Profile 29
High environmental quality certification (HQE® “Exploitation”) secured for Macif’s Paris head office (France) by Opteor, which provides multi-technical maintenance of the building and is helping to optimise its energy consumption. High and low voltage works packages
(access control, fire protection, CCTV and telecommunications) on the Novartis campus in Basel (Switzerland).
TelecommunicationsBusiness communication (Axians) Optimisation of IT infrastructure
in Manpower’s new Dutch head office in Diemen (Netherlands). Installation of IT infrastructure
in the head offices of IBM in La Garenne Colombes (France) and Adidas in Amsterdam (Netherlands).Infrastructure (Graniou) Design and installation of FTTH (fibre
to the home) networks providing very high speed Internet services for residents in the 6th, 12th, 15th, 16th and 17th districts of Paris, as well as in the Val de Marne department, for operators Free and SFR, representing almost 320,000 connection points. Installation of 150 km of optical fibre
along local roads as part of the RESO-LIAin project in the Ain department in eastern France. Maintenance contract covering
6,500 France Télécom fixed-line and mobile installations for a period of three years in 25 departments in south-west France.
InfrastructureHigh voltage networks Refurbishment of 110 kV high voltage line for
CEZ (Czech Republic). Strengthening of the 2x400 kV high voltage line between
Tamareau and Tavel (France).Solar power Turnkey supply of Marie Galante solar energy farm
(2 MWp), the biggest in the French West Indies-Guiana area. Installation of solar panels at the Saint Laurent du Maroni
and Mana high schools (French Guiana) and the HQE de Saint André high school in Reunion Island.Urban lighting Modernisation, optimisation and comprehensive
management of public lighting in Divonne les Bains (France) under a public-private partnership (PPP) contract. Illumination in France of Saint Nicolas de Port Basilica
and La Rochelle’s Old Crane, the latter winning the first prize in the Lumières 2009 competition organised by SERCE.Transport infrastructure Traffic control system in Rouen (France) as part of
the Lucitea PPP. Safety improvement work on 22 tunnels in the greater
Paris area (France). Installation of 1,400 cameras, tunnel-closing systems, variable message signs, automatic incident detection systems, as well as associated power and transmission networks. Installation or modernisation of lighting, fire protection,
HVAC (heating, ventilation, air conditioning) and power supply in the Bucharest metro (Romania).
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Contracting
Eurovia
9467_VINCI_EnBref09_GB.indd 30 23/04/10 17:44
Profile
Eurovia is a world leader in transport and urban development infrastructure. While it generates more than 90% of its revenue in Europe (primarily in France, Germany, the United Kingdom and Central Europe), Eurovia also holds significant positions in the United States (North Carolina, Florida) and Canada. With nearly 42,000 employees, a network of close to 300 branches and subsidiaries and almost 870 industrial production sites, Eurovia has developed an integrated range of expertise.
Transport and urban development infrastruc-ture. Eurovia builds road, motorway, airport, rail and light rail infrastructure, as well as industrial and retail sites. Eurovia also offers expertise in related works: urban renovation, signage, preserving quality of life and envi-ronmental protection.
Industrial production. Eurovia manages a network of 300 quarries producing 74 million tonnes of aggregate (Eurovia share, 55 million tonnes) per year, 45 binder plants, 400 coating plants, 112 recycling facilities (recy-cling 8 million tonnes of construction waste and house-hold waste bottom ash) and 14 factories producing road equipment (including signage, prefabricated concrete and noise barriers). These business activities contrib-ute to Eurovia’s growth and profit while also ensuring supplies for its projects (reserves under the company’s control*: 2.1 billion tonnes of aggregate, Eurovia share, representing about 30 years of production).
Maintenance and services. Eurovia ensures overall maintenance of roads, motorways, rail networks and urban and transport infrastructure (network man-agement, routine maintenance, winter maintenance, emergency response, temporary signage, etc.). Eurovia also provides upstream design-coordination, consulting and technical support services.
(*) Reserves controlled through ownership or royalty agreement.
Revenue by business line
Total 100%
%
72% Road and rail works 22% Industrial production 6% Maintenance and services
72%
22%
6%
Revenue €8,003 million
Operating profit from ordinary activities €319 million
Net profit attributable to equity holders of the parent €206 million
Workforce 42,000 employees
VINCI_2010 Profile 31
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32 VINCI_2010 Profile
France Motorways A8, A9, A10, A19, A20, A36,
A51, A63, A65, A87, A89, A86 Duplex tunnel, A13-RN186 interchange, A7-A9 junction. Trunk roads, local roads and urban
bypasses Taharaa pass in Tahiti (French Polynesia), Route des Tamarins highway (Reunion Island), RD109, RD663, RN7 using Tricouche® high performance base course. Airport Paris-Charles de Gaulle. Railway infrastructure Angers,
Marseilles, Montpellier and Paris (T1 and T2) light rail systems; Rhônexpress city centre–airport link in Lyons; Cravant–Clamecy line in the Yonne department (to the south-east of Paris); Rhine-Rhône high speed line; track and ballast replacement between Mantes la Jolie and Vernon (to the north of Paris). Port infrastructure Replacement of fixed
pontoons in the port of La Grande Motte. Urban development Lille,
Maubourguet, Metz, Nantes, Nîmes, Pertuis. Industrial and commercial sites
La Duchère urban development zone in
Lyons, Le Pays d’Erstein business park in eastern France, MMArena stadium in Le Mans, the Grand Parquet equestrian stadium in Fontainebleau, Quimper velodrome, car racing track at Chambley. Maintenance Repair of numerous local and trunk roads
using coatings, surface dressings, “grave emulsion” cold mix or in-situ surface regeneration (Recyclovia®); maintenance of Sanef’s optical fibre network; contract for minor repair work on Escota’s and ASF’s motorway networks.
Rest of EuropeGermanyA4 and A5 A-Modell motorways (renovation of 60 km, including widening of 42 km to three-lane dual carriage-way); Nuthetal motorway triangle; Berlin-Schönefeld airport.United KingdomApplication of Viaphone® on the A26 in Tonbridge; decorative coatings on Constitution Hill in London.SpainRecyclovia® process used on 300,000 sq. metres nationwide; temperature-sensitive paints used in the provinces of Jaen in Andalusia and Lugo in Galicia; application of Viagrip® on 20,000 sq. metres at four sites in Andalusia; manufacture of almost 3,000 tonnes of rubber modified asphalt using recycled tyres.
Contracting / Eurovia / Main contracts
01 02
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VINCI_2010 Profile 33
AmericasUnited StatesInstallation of crushable concrete blocks at Charlotte/Douglas international airport to stop planes overshooting the runway (North Carolina); conversion of an urban section under a build-finance contract for the US19 project in Clearwater (Florida); extension of Maitland Boulevard in Apopka (Florida).CanadaMaintenance contract for almost 3 million sq. metres of road in New Brunswick; application of coating on Highway 10 near Sherbooke; repair of Highway 30 at Contrecoeur and Saint Roch.ChileCalama–Chiu-Chiu road; 9 km expressway to access the mine at Chuquicamata.
Czech Republic and SlovakiaConstruction of 9.5 km of the I/11 highway with 19 structures and three retaining walls; R1 expressway in Slovakia; Strahov cut and cover tunnel in Prague; optimisation of Prague–Pilsen railway line; start-up of production of two coating plants with a capacity of 240 tonnes/hour at Ostrów Wielkopolski and Poznań; Vamberk bypass in eastern Bohemia; R35 and D1 motorways; repair of Zilina–Teplica rail node.PolandConstruction of a 7 km section of the A1 motorway; Bytom and Stargard bypasses; S5 expressway between Poznań and Gniezno; construction of a 14 km section of the S7 expressway near Gdansk; Glogowska street in Poznań.CroatiaDrainage works at Rovinj.RomaniaCivil engineering works for the biggest wind farm under construction in Europe (139 turbines).LithuaniaExtension of Vilnius ring road.
01 The Lasbeck quarry in North Rhine-Westphalia (Germany) has reserves of some 19.5 million tonnes.02 Application of Viaphone®, a noise abatement surfacing, at Tonbridge (United Kingdom).03 In Slovakia, Eurovia built an 11 km section of the D1 motorway, including 11 bridges, between Mengusovce and Janovce.
03
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34 VINCI_2010 Profi le
Contracting
VINCI Construction
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VINCI_2010 Profile 35
Profile
France’s market leader in construction and a major global player, VINCI Construction combines an unparalleled array of capabilities in building, civil engineering, hydraulic engineering and services.Its business consists of three complementary components.
A network of local subsidiaries, in mainland France, through VINCI Construction France with a well-established network of 375 profit centres, and internationally, with VINCI Construction UK in the United Kingdom, CFE (46.8% held by VINCI) mainly in Benelux, SKE in Germany, Warbud, Prumstav-FCC and SMP in Central Europe, Sogea-Satom in Africa, as well as about 30 local branches in overseas France.
Specialised, highly technical business lines including specialised civil engineering technologies with Soletanche Freyssinet (structures, soil foundations and technologies, nuclear engineering), dredging with DEME (50% held by CFE) and oil and gas infrastructure with Entrepose Contracting.
Management of complex projects with VINCI Construction Grands Projets, operating worldwide on major civil engineering and building structures.VINCI Construction exemplifies the Group’s entrepre-neurial spirit and management approach, combining a decentralised structure, networked collaborative work, empowerment of local managers, development of employees and a responsive organisation.This model has contributed to the introduction of new standards of performance in building and public works.
Revenue by business line
40%
7%6%
22%
40% Building 22% Civil engineering 25% Specialised civil
engineering 7% Hydraulic engineering 6% Facilities management
25%
Revenue €14,549 million
Operating profit from ordinary activities €671 million
Net profit attributable to equity holders of the parent €434 million
Workforce 71,000 employees
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36 VINCI_2010 Profile
BuildingPrivate sector buildings Building for RTBF, Liège (Belgium). Odeon and Teotista Towers, Monaco. IT centres for KBC, Budapest (Hungary). Prosta Tower, Warsaw (Poland).
Commercial and industrial buildings Islamic Art Museum, Louvre Museum
and Louis Vuitton Foundation, Paris. Mandarin Oriental Hotel, Paris. Arc shopping centre, Bury St Edmunds,
Suffolk (United Kingdom).Sports facilities MMArena stadium in Le Mans and
Le Havre stadium (France). Sports Park, Tripoli (Libya).
Education Diderot University, Paris; new ENSTA
campus, Palaiseau, near Paris (France). Middlesex University, Hendon (United
Kingdom).Healthcare Ambroise Paré Hospital, Marseilles;
Necker Hospital, Paris; extension of Cayenne hospital in French Guiana; university cancer research hospital, Toulouse; French blood bank, Pointe à Pitre, Guadeloupe (France). Circle Bath Hospital, Bath; Aintree
University Hospital, Liverpool (United Kingdom)..
Civil engineeringTransport infrastructureFranceA65 Langon–Paul and A89 Lyons–Bordeaux motorways; Bacalan Bridge, Bordeaux; bridge over River Saint Etienne, Reunion Island.Rest of Europe Greece: Maliakos–Kleidi and Athens–Tsakona motorways. Poland: S5 Poznań–Gniezno, S7 Elblag–Olsztynek,
S8 Konotopa–Prymasa Tysiaclecia trunk roads. Slovakia: R1 expressway. United Kingdom: Docklands Light Railway refurbishment,
London; Gatwick airport south terminal refurbishment.AfricaMoundou–Doba–Koumra and Oum Hadjer–Mangalmé highways (Chad); Zanzibar airport (Tanzania) and Kinshasa airport (Democratic Republic of Congo).Middle EastLusail light rail system (Qatar); Tripoli airport control tower (Libya); Muscat airport (Oman).AsiaHo Chi Minh City light rail system (Vietnam); doubling the capacity of Ipoh–Padang Besar railway line (Malaysia).
Contracting / VINCI Construction / Main contracts
01
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VINCI_2010 Profile 37
Hydraulic engineering Doha pumping station (Qatar). Drinking water supply works in Cankuzo, Gitega, Rutana
and Ruyigi (Burundi). ITB main sewers in Bogota (Colombia) and Oued M’Kacel
(Algeria). Hain Valley (Belgium), Ajaccio (Corsica), Etang Salé and
SIAPP (Reunion Island) wastewater treatment plants.
Services and specialised business activitiesPublic facility maintenance under PPP contracts 54 schools in Germany and Belgium; schools
in Nuremberg (Germany). Swindon and Medway police stations (United Kingdom).
Energy project developmentWind farm, Vendée (France).
Bridges East interchange in Ouagadougou
(Burkina Faso); Pulvermuehle viaduct (Luxembourg); Churchill–Roosevelt motorway bridge (Trinity and Tobago). Soil improvement, stay cables and
prestressing for Golden Ears Bridge (Canada); stay cables and prestressing for Phu My bridge, to the south of Ho Chi Minh City (Vietnam).Underground works La Croix Rousse tunnel, Lyons (France);
Brightwater tunnels, Seattle (United States). Hong Kong metro; Tottenham Court
Road underground station, London (United Kingdom); Mexico City and Singapore metros. Second section of the A86 Duplex
(A13–Pont Colbert interchange) in the greater Paris area (France). Four car parks, Lusail (Qatar).
Port and maritime works Ports of Cotonou (Benin) and Aqaba
(Jordan); Port 2000, Le Havre (France). Port cleanup, Santos (Brazil); Panama
Canal deepening.Industrial and energy infrastructure Chernobyl sarcophagus containment
structure (Ukraine); EPR power station prestressing, Olkiluoto (Finland). 450 km pipeline (Papua New Guinea);
544 km Durban–Johannesburg pipeline (South Africa). C-Power offshore wind farm, Ostend
(Belgium). Ait Baha cement works (Morocco);
Koniambo factory earthworks (New Caledonia).
01 In London (United Kingdom), the renovation of South Quay station and platform works at 18 stations are two major components of the Dockland Light Railway extension project.02 Runway renovation and extension works at Zanzibar airport (Tanzania).
02
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VINCI1 cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex, FranceTel: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02www.vinci.com
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