VINCI - Profile 2010
VINCI - Profile 2010
VINCI - Profile 2010
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<strong>2010</strong><br />
<strong>Profile</strong>
Group /<br />
<strong>Profile</strong><br />
The world leader in concessions and construction,<br />
employing 162,000 people in about 100 countries,<br />
<strong>VINCI</strong> finances, designs, builds and manages the<br />
facilities that improve everyday life: the systems that<br />
transport us, the public and private buildings<br />
in which we live and work, the urban developments<br />
that create and improve our communities, and the<br />
water, energy and communication networks vital to<br />
human existence.<br />
A private company contributing to the development<br />
of society, <strong>VINCI</strong> successfully blends a business<br />
focus on today’s priorities with the long-term<br />
sustainability of its accomplishments and<br />
concessions-construction business model.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 1
Group /<br />
Corporate governance<br />
Board of Directors<br />
Xavier Huillard (1) , Chairman and<br />
Chairman Executive Officer of <strong>VINCI</strong><br />
Yves-Thibault de Silguy (1) ,<br />
Vice-Chairman and Senior Director<br />
of <strong>VINCI</strong><br />
Directors<br />
Dominique Bazy, Managing Partner<br />
of Barber Hauler Capital Advisers<br />
Robert Castaigne, Former Chief<br />
Financial Officer and former member<br />
of the Executive Committee of Total<br />
François David, Chairman of Coface<br />
Patrick Faure, Chairman of<br />
Patrick Faure et Associés<br />
Dominique Ferrero (2) , Adviser<br />
to the Chairman of Natixis<br />
Jean-Pierre Lamoure, Chairman<br />
of Soletanche Freyssinet<br />
Jean-Bernard Lévy, Chairman<br />
of the Management Board of Vivendi<br />
Michael Pragnell, founder, former<br />
CEO and former Chairman of the<br />
Executive Committee of Syngenta AG<br />
Henri Saint Olive (2) , Chairman<br />
of the Board of Banque Saint Olive<br />
Pascale Sourisse, Senior<br />
Vice-President of the Land & Joint<br />
Systems Division of Thales<br />
Denis Vernoux, Design Engineer<br />
and Chairman of the Supervisory<br />
Board of the Castor corporate<br />
mutual funds<br />
New Director proposed to the<br />
Shareholders’ General Meeting<br />
on 6 May <strong>2010</strong><br />
Qatari Diar Real Estate Investment<br />
Company (3) , a company registered<br />
under Qatari law<br />
2 <strong>VINCI</strong>_ <strong>2010</strong> <strong>Profile</strong><br />
Executive Committee<br />
This committee is responsible for<br />
managing <strong>VINCI</strong>. It met 40 times<br />
in 2009.<br />
Xavier Huillard (1) , Chairman and<br />
Chief Executive Officer, <strong>VINCI</strong><br />
Christian Labeyrie, Executive<br />
Vice-President and Chief Financial<br />
Officer, <strong>VINCI</strong><br />
Richard Francioli, Executive Vice-<br />
President, Contracting, <strong>VINCI</strong><br />
Jean-Yves Le Brouster, Chairman<br />
and Chief Executive Officer,<br />
<strong>VINCI</strong> Energies<br />
Jacques Tavernier, Chairman and<br />
CEO, Eurovia<br />
Louis-Roch Burgard, Chief<br />
Operating Officer, <strong>VINCI</strong> Concessions<br />
Pierre Coppey, Chairman,<br />
<strong>VINCI</strong> Autoroutes<br />
Jean Rossi, Chairman,<br />
<strong>VINCI</strong> Construction France<br />
Bruno Dupety, Director and CEO,<br />
Soletanche Freyssinet<br />
Pierre Berger, Chairman,<br />
<strong>VINCI</strong> Construction Grands Projets<br />
Jean-Luc Pommier, Vice-President,<br />
Business Development, <strong>VINCI</strong><br />
Franck Mougin, Vice-President,<br />
Human Resources and Sustainable<br />
Development, <strong>VINCI</strong><br />
Pierre Duprat, Director of Corporate<br />
Communications, <strong>VINCI</strong><br />
Management and<br />
Co-ordination Committee<br />
This committee brings together the members<br />
of the Executive Committee and senior<br />
<strong>VINCI</strong> executives. Its remit is to ensure broad<br />
discussion of <strong>VINCI</strong>’s strategy and development.<br />
It met four times in 2009.<br />
Pierre Anjolras, CEO, Autoroutes du Sud<br />
de la France<br />
Renaud Bentegeat, Managing Director, CFE<br />
Dominique Bouvier, Chairman and CEO,<br />
Entrepose Contracting<br />
Philippe-Emmanuel Daussy, Chairman and<br />
CEO, Escota<br />
Jean-Marie Dayre, Deputy Managing Director,<br />
<strong>VINCI</strong> Energies<br />
Denis Grand, Chairman and CEO, <strong>VINCI</strong> Park<br />
Jean-Pierre Lamoure, Chairman,<br />
Soletanche Freyssinet<br />
Olivier de la Roussière, Chairman,<br />
<strong>VINCI</strong> Immobilier<br />
Patrick Lebrun, Deputy Managing Director,<br />
<strong>VINCI</strong> Energies<br />
Jean-Louis Marchand, Executive Vice-<br />
President, Eurovia<br />
Yves Meignié, Deputy Managing Director,<br />
<strong>VINCI</strong> Energies<br />
Sébastien Morant, Chairman,<br />
<strong>VINCI</strong> Construction Filiales Internationales<br />
Patrick Richard, General Counsel, <strong>VINCI</strong>,<br />
Secretary to the Board of Directors<br />
John Stanion, Chairman and Chief Executive,<br />
<strong>VINCI</strong> plc<br />
Guy Vacher, Executive Vice-President, Eurovia<br />
(1) Subject to the renewal of his appointment as Director by the Shareholders’ Meeting on 6 May <strong>2010</strong>. (2) Renewal of appointment proposed<br />
to the Shareholders’ Meeting of 6 May <strong>2010</strong>. (3) Appointment proposed to the Shareholders’ Meeting of 6 May <strong>2010</strong>, with effect conditional<br />
upon the transfer of Cegelec’s share capital to <strong>VINCI</strong>.
Group /<br />
Key business figures<br />
Revenue by division (1)<br />
85%<br />
15%<br />
Operating profit from ordinary activities<br />
38%<br />
2%<br />
60%<br />
Revenue by geographical area (1)<br />
4.6%<br />
4.2%<br />
4.8%<br />
3.0%<br />
5.6%<br />
6.7%<br />
6.8%<br />
2.8%<br />
61.5%<br />
Concessions 4,899<br />
Contracting 26,891<br />
Holding companies 138<br />
and misc.<br />
Concessions 1,917<br />
Contracting 1,220<br />
Holding companies 55<br />
and misc.<br />
France 19,621<br />
Central and 2,160<br />
Eastern Europe<br />
United Kingdom 2,149<br />
Germany 1,784<br />
Belgium 972<br />
Rest of Europe 1,551<br />
Americas 1,328<br />
Africa 1,456<br />
Middle East and 907<br />
rest of the world<br />
Revenue<br />
30,428<br />
19,717<br />
10,711<br />
2007<br />
Actual<br />
30,874<br />
536<br />
19,631<br />
10,707<br />
33,930<br />
472<br />
20,936<br />
12,522<br />
Pro forma (2)<br />
2007 2008<br />
32,460<br />
532<br />
19,621<br />
12,306<br />
2009<br />
France<br />
International<br />
Revenue realised by concession<br />
subsidiaries for the construction of<br />
new infrastructure by third parties<br />
Operating profit from ordinary<br />
activities<br />
2007<br />
Actual<br />
2007 2007 2008 2009<br />
In € millions<br />
Pro forma (2)<br />
Actual<br />
(1) Excluding revenue realised by concession subsidiaries for the construction of new infrastructure by third parties. (2) Pro forma: after<br />
application of IFRIC Interpretation 12, Service Concession Arrangements. (3) Percentage of revenue (1) .<br />
3,113<br />
10.2% (3)<br />
3,118<br />
10.3% (3)<br />
2007<br />
Pro forma (2)<br />
3,378<br />
10.1% (3)<br />
2008<br />
3,192<br />
10.0% (3)<br />
2009<br />
Net profit attributable to equity<br />
holders of the parent<br />
1,461<br />
4.8% (3)<br />
1,455<br />
4.8% (3)<br />
1,591<br />
4.8% (3)<br />
1,596<br />
5.0% (3)
200000<br />
150000<br />
100000<br />
50000<br />
0<br />
25<br />
50000<br />
20<br />
40000<br />
30000<br />
20000<br />
10000<br />
0<br />
0<br />
0<br />
0<br />
15<br />
10<br />
5<br />
0<br />
2,0<br />
Group /<br />
100000<br />
Key human resources figures<br />
Workforce<br />
Employees by type of contract<br />
128,433<br />
2,014<br />
9,189<br />
117,230<br />
2004<br />
164,057<br />
147,481<br />
2008<br />
161,746<br />
141,027<br />
2009<br />
Employees by geographical area<br />
4 %<br />
4%<br />
5%<br />
7%<br />
6%<br />
6%<br />
8%<br />
3,616<br />
12,960<br />
3%<br />
57%<br />
Employees by socio-<br />
professional category<br />
85%<br />
3,292<br />
17,427<br />
15%<br />
Work-and-study<br />
Fixed-term 40000<br />
Unlimited-term<br />
France<br />
Central and Eastern<br />
2,0<br />
Europe<br />
United Kingdom<br />
Germany<br />
Belgium 1,5<br />
Rest of Europe<br />
Americas<br />
Africa<br />
1,0<br />
Asia, Oceania and<br />
rest of the world<br />
200000<br />
Managers 150000<br />
Non-managers<br />
100000<br />
50000<br />
150000<br />
0<br />
50000<br />
0<br />
50000<br />
30000<br />
20000<br />
10000<br />
0<br />
0,5<br />
0,0<br />
15<br />
12<br />
60<br />
6<br />
50<br />
3<br />
40<br />
0<br />
Recruitment<br />
New employees by type of contract<br />
35,932<br />
16,146<br />
19,786<br />
2004<br />
51,905<br />
25,546<br />
26,359<br />
2008<br />
42,485<br />
27,463<br />
15,022<br />
2009<br />
Fixed-term<br />
Unlimited-term<br />
New employees by geographical area<br />
New employees by socioprofessional<br />
category<br />
9<br />
17%<br />
19%<br />
4%<br />
3%<br />
5%<br />
2% 2% 4%<br />
94%<br />
6 %<br />
44%<br />
200000<br />
150000 France<br />
100000<br />
Central and Eastern<br />
Europe<br />
100000 United Kingdom<br />
50000<br />
Germany<br />
Belgium<br />
50000<br />
Rest of Europe<br />
0<br />
Americas<br />
Africa<br />
0<br />
Asia, Oceania and<br />
rest of the world<br />
50000<br />
40000<br />
Managers<br />
40000<br />
Non-managers 30000<br />
30000<br />
20000<br />
10000<br />
0<br />
200000<br />
150000<br />
50000<br />
20000<br />
10000<br />
0<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0
80<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
1,2<br />
0<br />
1,0<br />
0,8<br />
0,6<br />
0,4<br />
20<br />
0,2<br />
0,0<br />
15<br />
25<br />
Women (1)<br />
Employees aged<br />
55 and over (1)<br />
50<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
Diversity<br />
0<br />
20<br />
15<br />
10<br />
13% 5<br />
0<br />
2008<br />
21%<br />
2008<br />
22%<br />
10<br />
2009<br />
Employees with<br />
a disability (1)<br />
1.61%<br />
2008<br />
40000<br />
12<br />
30000 9<br />
6<br />
20000<br />
25<br />
3<br />
10000<br />
200<br />
13%<br />
2009<br />
1,2<br />
1,0<br />
1.72%<br />
0,8<br />
0,6<br />
2009<br />
0,4<br />
0<br />
15<br />
40<br />
20<br />
15<br />
80<br />
10<br />
60<br />
70<br />
60 50<br />
5<br />
50<br />
40<br />
40<br />
2,00<br />
30<br />
30<br />
1,5<br />
601,0<br />
0,5<br />
0 60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
20<br />
20<br />
10<br />
0<br />
20<br />
15<br />
300,0<br />
10<br />
5<br />
0<br />
Managers<br />
63%<br />
2008<br />
Non-managers<br />
58%<br />
2008<br />
Group<br />
58%<br />
2008<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
Access 0 to<br />
training<br />
66%<br />
2009<br />
58%<br />
2009<br />
59 %<br />
2009<br />
30<br />
150000<br />
100000<br />
10<br />
0<br />
50000<br />
0<br />
50000<br />
30<br />
15<br />
40000<br />
20<br />
40<br />
30000 10<br />
10<br />
20000<br />
0<br />
5<br />
10000<br />
0<br />
0<br />
1,2<br />
1,0<br />
0,8<br />
20<br />
2,0<br />
1,5<br />
0,6<br />
1,0<br />
0,4<br />
0,5<br />
0,2<br />
0,0 0,0<br />
60<br />
60<br />
50<br />
20<br />
5060<br />
4050<br />
3040<br />
2030<br />
1,2<br />
1020<br />
1,0<br />
010<br />
00,8<br />
40000<br />
0<br />
30000<br />
20000<br />
10000<br />
0<br />
2,0<br />
0<br />
1,5<br />
Occupational health and safety<br />
25<br />
1,2<br />
1,0<br />
Lost 202,0<br />
time accident<br />
frequency rate (2)<br />
151,5<br />
1,0 10<br />
0,5<br />
5<br />
18.00<br />
2004<br />
0,0<br />
0<br />
1.06<br />
30<br />
20<br />
2004<br />
0,5 25<br />
15<br />
0,0<br />
<strong>VINCI</strong> employees Temporary<br />
60<br />
staff<br />
60<br />
Accident severity rate 50<br />
(3)<br />
60<br />
1,2<br />
of <strong>VINCI</strong> employees<br />
60<br />
50<br />
40<br />
10<br />
42%<br />
2004<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
60<br />
50<br />
40<br />
46%<br />
30<br />
2008<br />
20<br />
0.64<br />
2008<br />
1,0<br />
40<br />
30<br />
0,6<br />
20 0,4<br />
10<br />
0.67<br />
0,2<br />
20090<br />
% of companies<br />
with no lost time accidents<br />
0<br />
11.59<br />
2008<br />
10.49<br />
2009<br />
54%<br />
2009<br />
30<br />
20<br />
10<br />
5<br />
0<br />
0,8<br />
0,0<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
25<br />
20<br />
15<br />
10<br />
5<br />
28.34<br />
2008<br />
19.87<br />
2009<br />
50<br />
40<br />
30<br />
20<br />
10<br />
15<br />
(1) As a percentage of the<br />
workforce.<br />
10<br />
(2) Number of lost time<br />
accidents per million hours 60<br />
worked.<br />
5<br />
(3) Number of lost days per<br />
thousand hours worked. 500<br />
0<br />
30<br />
25<br />
20<br />
40<br />
1,0<br />
0,8<br />
0,6<br />
0,4<br />
0,2<br />
0,0<br />
10<br />
20 0,0<br />
10<br />
0<br />
6<br />
5<br />
4<br />
3<br />
2<br />
1
Group /<br />
Strategy and outlook<br />
Resilience and growth<br />
<strong>VINCI</strong> is pursuing a strategy of international growth.<br />
Concessions-contracting<br />
complementarities<br />
<strong>VINCI</strong>’s business model is built on the<br />
complementary nature of its concessions<br />
and contracting (energy, roads,<br />
construction) activities:<br />
business cycles: long-term for<br />
concessions, short- and medium-term<br />
for contracting;<br />
financial: high capital intensity and<br />
recurring revenue in concessions; low<br />
capital intensity and a structurally<br />
positive operating cash flow in<br />
contracting;<br />
expertise: the concessions division<br />
provides expertise in project development,<br />
financing and operation; the<br />
construction division has the skills<br />
6 <strong>VINCI</strong>_ <strong>2010</strong> <strong>Profile</strong><br />
required to design and deliver complex turnkey projects,<br />
as well as a network of operations worldwide.<br />
Building on our fundamentals<br />
Our strategic plan is to extend this model to reinforce the<br />
Group’s resilience while strengthening our capacity to<br />
generate growth by intensifying recently launched efforts<br />
so as to:<br />
optimise the Group’s position in its local markets,<br />
to harvest growth opportunities;<br />
invest in market segments and technological niches that<br />
offer above average development potential such as oil and<br />
gas infrastructure or energy services;<br />
generate more long-term business, not only in concessions<br />
(development of operating infrastructure services) but<br />
also in contracting (facilities management, industrial and<br />
energy equipment maintenance, management of public<br />
lighting, road maintenance, etc.);<br />
expand the Group’s capability to design, manage and<br />
implement complex projects.<br />
We will pursue this strategy mainly through organic growth<br />
as our priority goal of controlling debt will limit acquisitions<br />
in cash.<br />
Markets generating long-term growth<br />
<strong>VINCI</strong>’s mix of businesses and its model are fully aligned<br />
with the trends in its markets. In the long term, urban<br />
development, the increasing importance of mobility and<br />
growing energy infrastructure needs will generate very large<br />
investment programmes for new construction and<br />
renovation in both emerging and mature economies.<br />
In most of these markets, economic stimulus packages,<br />
programmes to combat climate change and eco-efficiency<br />
policies will feed the flow of projects.
Cegelec’s integration will reinforce <strong>VINCI</strong>’s position in markets that are expected to grow faster than GDP over the long term.<br />
<strong>VINCI</strong>-Qatari Diar strategic<br />
partnership<br />
In August 2009, <strong>VINCI</strong> and investment<br />
fund Qatari Diar Real Estate Investment<br />
Company signed a draft agreement<br />
followed by a contract in January <strong>2010</strong>.<br />
With Cegelec’s entry into the Group, the<br />
agreement represents a major acquisition<br />
for <strong>VINCI</strong> while also helping to stabilise<br />
its shareholding. The transaction will be<br />
carried out exclusively through an<br />
exchange of shares and thus will have<br />
no effect on <strong>VINCI</strong>’s debt ratios. It will give us a platform for<br />
growth in the promising energy services market and<br />
increase our revenue by approximately €3 billion. As of the<br />
end of March <strong>2010</strong>, the partnership’s completion and<br />
timetable were pending approval of competition authorities.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 7
Group /<br />
Sustainable development<br />
Social responsibility<br />
One of <strong>VINCI</strong>’s priorities is the development of ecodesign,<br />
including life cycle analysis, for both buildings<br />
and structures.<br />
Creating permanent jobs<br />
Whenever possible, <strong>VINCI</strong> prefers to create<br />
permanent jobs. On 31 December 2009,<br />
we had 161,746 employees worldwide,<br />
87% of them on permanent contracts.<br />
Despite a difficult economic context, we<br />
hired 15,022 people worldwide for<br />
permanent jobs in the course of the year,<br />
5,985 of them in France.<br />
Anticipating the need to develop<br />
new business skills<br />
In total, 91 forward-looking jobs and skills<br />
management (GPEC) agreements were<br />
signed in 2009. Such agreements make<br />
it possible to better anticipate changes<br />
occurring in our business lines and<br />
8 <strong>VINCI</strong>_ <strong>2010</strong> <strong>Profile</strong><br />
markets, as well as the corresponding need to develop skills.<br />
Our human resources policy also aims to internationalise<br />
recruitment and the career development of our employees,<br />
and to enhance our expertise as a project integrator capable<br />
of taking charge of ever more complex projects. In 2009,<br />
we provided 3 million hours of employee training.<br />
Ensuring the health and safety of all employees<br />
Our aim is to achieve zero accidents. In five years, the number<br />
of training hours devoted to safety has doubled, and the<br />
frequency of occupational accidents has fallen 42%. Our<br />
accident prevention and safety policy calls for considerable<br />
input on the part of management, and is deployed via a whole<br />
range of actions: 15-minute safety sessions, accident<br />
prevention competitions, analysis of accidents and near-miss<br />
incidents, etc. This policy extends to subcontractors and<br />
temporary work agencies.<br />
Promoting equal opportunities<br />
<strong>VINCI</strong> pursues a proactive policy as regards managing equal<br />
opportunities. For the third year running, we had this policy<br />
audited by an independent organisation, Vigeo. Audits carried<br />
out since 2007 have covered a total of 120 subsidiaries (of<br />
which 40 in 2009) and more than 2,600 people. The results for<br />
the four themes examined (gender equality, disabled people,<br />
people from an immigrant background, people aged 55 and<br />
over) show that practices have improved. A body of in-house<br />
auditors, assisted in 2009 by the Vigeo analysts, has been<br />
formed and trained to develop this audit approach, which is the<br />
subject of in-house follow-up.<br />
Fostering employee share ownership<br />
We are committed to making it easier for employees to<br />
participate in our capital through a share-based employee<br />
savings plan and an attractive employer contribution policy<br />
that favours the smallest savers. In 2009, employee share<br />
ownership remained stable despite the difficult stock market<br />
context. More than 95,000 employees, i.e. about 60% of the<br />
workforce, were <strong>VINCI</strong> shareholders at the end of the year.
Developing social dialogue<br />
In 2009, 1,650 equality and diversity<br />
agreements were signed. In total, 73% of<br />
<strong>VINCI</strong> companies are covered by collective<br />
agreements. More than 6,300 employees<br />
have been elected by their peers to<br />
represent them.<br />
Civic engagement<br />
Encouraging employee involvement<br />
in solidarity projects<br />
In line with our humanist convictions<br />
and solidarity values, we support<br />
projects that create social links and<br />
help the unemployed find work.<br />
These initiatives, are led mainly by the<br />
<strong>VINCI</strong> Foundation for the Community,<br />
which provides a combination of<br />
financial support and skills-based<br />
sponsorship. In 2009, 120 projects<br />
supported by 192 employees were<br />
backed by Foundation subsidies<br />
totalling €2 million. Structures similar<br />
to the <strong>VINCI</strong> Foundation in France<br />
have been created in the Czech<br />
Republic (seven projects supported)<br />
and Germany (13). In Africa, too,<br />
Sogea-Satom’s Initiatives for Africa<br />
programme (ISSA) encourages<br />
employee participation in solidarity<br />
projects for the benefit of local people<br />
in regions where the subsidiary’s<br />
offices are working on projects.<br />
Since its creation in 2007, ISSA has<br />
supported 35 projects in 16 countries.<br />
The <strong>VINCI</strong> Foundation for the Community supports projects that create social<br />
links and help the unemployed find work.<br />
Heritage preservation<br />
Group companies continued their policy of showcasing<br />
archaeological and palaeontological finds made on their<br />
worksites, particularly on motorway projects. Numerous<br />
dinosaur fossils have been exhumed in recent years, for<br />
example, in the course of the works to widen the A8 in<br />
Provence.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 9
Group /<br />
Sustainable development<br />
Environment<br />
The A19 is the first application of <strong>VINCI</strong> Autoroutes’<br />
eco-motorway concept.<br />
Limiting the environmental impact<br />
of our business activities<br />
We continued to deploy our environmental<br />
policy in 2009. Our reporting<br />
system now covers virtually all our<br />
revenue (91%). Whether involved in<br />
construction or operation, all <strong>VINCI</strong><br />
companies strive to meet the highest<br />
environmental standards. The rollout of<br />
environmental management systems,<br />
complementing quality management<br />
systems, helps to ensure constant<br />
improvement in this area.<br />
Combating climate change<br />
<strong>VINCI</strong> has been measuring its greenhouse<br />
gas emissions since 2007 as a<br />
10 <strong>VINCI</strong>_ <strong>2010</strong> <strong>Profile</strong><br />
guide to the action to be taken to limit them and to<br />
measure progress made. Using the international standard<br />
ISO 14064, we carried out a CO 2 audit of all Group<br />
emissions. In 2009, these amounted to a total of 2.15 million<br />
tonnes on a Scope 2 basis (i.e. direct emissions and<br />
electricity). In addition to attempting to reduce emissions<br />
resulting directly from our business activities, we encourage<br />
our partners, suppliers and customers – particularly those<br />
of our motorway networks – to participate in this effort.<br />
Deploying an eco-efficiency policy<br />
In preparation for stricter regulation in Europe (Grenelle<br />
Environment Forum legislation in France, Carbon<br />
Reduction Commitment in the UK), we have made the<br />
development of eco-design, including life cycle analysis<br />
(LCA), of buildings and structures a priority. This approach<br />
involves increased discussion upstream of the construction<br />
stage (materials manufacturers, architects, etc.) and<br />
taking the end-user into account when designing projects.<br />
We are also developing eco-comparison tools, which make<br />
it possible to optimise the energy performance of<br />
buildings and limit the environmental footprint of<br />
structures. In addition, these tools enable us to suggest<br />
more environment-friendly alternatives for both buildings<br />
and transport infrastructure.<br />
Preserving natural resources and biodiversity<br />
We have embarked on a series of forward-looking studies,<br />
notably in partnership with France’s National Natural<br />
History Museum and AgroParisTech. These will enable<br />
us to integrate the impact of our projects on natural<br />
resources and biodiversity more accurately into our<br />
business model and evaluate the corresponding costs.<br />
In motorways, our <strong>VINCI</strong> Autoroutes companies have<br />
made a commitment to the French government to invest<br />
€750 million in upgrading their networks to higher<br />
environmental standards in exchange for a one-year<br />
extension to their concession contracts. They have also<br />
renewed their partnership agreement with the Fondation<br />
Nicolas Hulot pour la Nature et l’Homme.
R&D and innovation<br />
Internally, R&D occupies more than 180 research<br />
workers and scientists.<br />
Striving for technological<br />
excellence<br />
Some 72 research programmes were<br />
under way in our various business<br />
entities in 2009, representing a budget<br />
of €32.5 million. Internally, R&D occupies<br />
more than 180 research workers and<br />
scientists, and we have a portfolio of<br />
over 1,600 active patents worldwide.<br />
Developing research in ecodesign<br />
and the sustainable city<br />
In 2008, <strong>VINCI</strong> co-founded the first chair<br />
in the eco-design of building complexes<br />
and infrastructure with the ParisTech<br />
engineering schools (Mines Paris, Ecole<br />
des Ponts, Agro). This move was<br />
designed to promote the integration of eco-design<br />
concepts into the training provided for future generations<br />
of engineers and develop decision-making tools for<br />
economic operators. In 2009, as a result of this partnership,<br />
12 research projects (theses and post-doctoral work) were<br />
started and a series of training sessions was given by<br />
teams from ParisTech and <strong>VINCI</strong>.<br />
We also encourage forward-looking debate on the<br />
sustainable city through The City Factory, a forum where<br />
experience and expertise can be shared between public-<br />
and private-sector operators involved in urban development<br />
and mobility issues. The City Factory organised its<br />
third seminar in 2009. Held in Copenhagen, its subject<br />
was “Sustainable cities, from vision to action”.<br />
Making the most of participative innovation<br />
We develop our innovative potential by encouraging<br />
concrete initiatives at the most local level from our<br />
companies and their teams. This approach is symbolised<br />
in particular by the <strong>VINCI</strong> Innovation Awards competition,<br />
staged every second year and open to all Group<br />
employees. The 2009 edition attracted almost 1,500 entries<br />
(up 30% against 2007): 109 won prizes at regional level<br />
and 11 were winners in the final stage of the competition.<br />
The Grand Prize went to the Pirandello® modelling system,<br />
which measures the impact of public planning decisions<br />
(transport, housing, jobs) on urban development.<br />
In <strong>2010</strong>, our R&D and operational teams will be working<br />
together on a technological assessment process to<br />
identify innovations that could be suitable for widespread<br />
use within and even outside the <strong>VINCI</strong> Group.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 11
Group /<br />
Stock market<br />
50<br />
40<br />
30<br />
50<br />
Price in €<br />
(<strong>VINCI</strong> rebased)<br />
20<br />
45<br />
4,0 40<br />
3,5<br />
4<br />
3,0<br />
35<br />
2,5<br />
3<br />
2,0 30<br />
1,5<br />
1,0<br />
25<br />
0,5<br />
0,0 20<br />
20 Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.<br />
2<br />
1<br />
0<br />
<strong>VINCI</strong><br />
CAC 40<br />
DJ Eurostoxx 50<br />
DJ Eurostoxx<br />
Construction & Materials<br />
2009<br />
<strong>VINCI</strong> shares traded<br />
4,0<br />
Share<br />
3,5<br />
performance and average daily trading volume<br />
Between 31 December 2008 and 31 December 2009, our share price rose 32%, while the CAC 40,<br />
DJ 3,0Eurostoxx<br />
50 and DJ Eurostoxx Construction & Materials indexes rose 22%, 21% and 30% respectively.<br />
In 2,5 2009, a daily average of 3 million shares was traded on the market (Euronext + MTFs).<br />
2,0<br />
1,5<br />
1,0<br />
0,5<br />
0,0<br />
9.2% 4.0%<br />
12.3%<br />
9.2% Employees (savings funds)<br />
4.0% Treasury shares<br />
12.3% Individual shareholders<br />
4.0% Financière Pinault<br />
29.0% Institutional investors in France<br />
41.5%<br />
41.5% Institutional investors outside France<br />
4.0%<br />
29.0%<br />
A balanced and diversified shareholder base (*)<br />
At 31 December 2009, institutional investors held 74.5% of <strong>VINCI</strong>’s share capital, spread over almost<br />
600 investment funds located mainly in France, other European countries and North America. At the same date,<br />
individual shareholders accounted for 12.3% of our share capital. Lastly, 95,000 <strong>VINCI</strong> employees held 9.2%<br />
of our share capital through our employee savings funds. These funds were our leading shareholder group.<br />
(*) Estimate based on a schedule of identifiable bearer shares at 31 December 2009.<br />
12 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
Number of shares traded<br />
(millions/day)<br />
5
€1,000<br />
2005<br />
€1.00<br />
2005<br />
€1.33<br />
2006<br />
€1,921<br />
2009<br />
€1.52<br />
2007<br />
+14% a year<br />
€1.62<br />
2008<br />
€1.62<br />
2009<br />
<strong>VINCI</strong> Shareholder Relations Department<br />
1 cours Ferdinand de Lesseps<br />
92851 Rueil Malmaison Cedex, France<br />
Shareholders’ web page on www.vinci.com<br />
Individual shareholders in France<br />
Tel: 0 800 015 025<br />
(free-phone from a fixed line)<br />
Individual and institutional shareholders<br />
outside France<br />
Tel: +33 1 47 16 45 39<br />
Fax: +33 1 47 16 36 23<br />
Return on investment in <strong>VINCI</strong> shares over<br />
five years<br />
A <strong>VINCI</strong> shareholder who invested €1,000 on<br />
1 January 2005 and reinvested all the dividends<br />
received would have had an investment of €1,921<br />
on 31 December 2009. This represents an annual<br />
return of 14%.<br />
Dividend per share growth over five<br />
years (*)<br />
The dividend proposed to the Shareholders’<br />
Meeting in respect of 2009 is €1.62 per share,<br />
the same as that for 2008 and representing 62%<br />
growth over the 2005 dividend.<br />
(*) After restatement following the two-for-one share splits<br />
in May 2005 and May 2007.<br />
<strong>VINCI</strong>: 18th biggest capitalisation<br />
in the CAC 40 on 31 December 2009<br />
€20.5 billion<br />
at 31 December 2009<br />
based on a price of €39.50 per share<br />
<strong>VINCI</strong> is ranked 18th in the CAC 40<br />
by market capitalisation and 16th by index weight.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 13
Revenue (1)<br />
4,574<br />
2007 (2)<br />
4,781<br />
2008<br />
4,899<br />
2009<br />
In € millions and as a percentage of revenue (1)<br />
Operating profit from<br />
ordinary activities<br />
1,751<br />
38.3%<br />
2007 (2)<br />
1,966<br />
41.1%<br />
2008<br />
1,917<br />
39.1%<br />
2009<br />
Net profit<br />
attributable<br />
to equity holders<br />
of the parent<br />
674<br />
14.7%<br />
2007 (2)<br />
756<br />
15.8%<br />
2008<br />
745<br />
15.2%<br />
2009
Concessions<br />
With a network stretching 4,384 km, representing more<br />
than half of France’s motorway network under concession,<br />
<strong>VINCI</strong> Autoroutes is Europe’s leading motorway operator.<br />
<strong>VINCI</strong> Concessions is developing and operating a unique<br />
portfolio of transport infrastructure and public facility<br />
concessions in about 20 countries.<br />
Cash flow from<br />
operations (3)<br />
2,832<br />
61.9%<br />
2007 (2)<br />
2,936<br />
61.4%<br />
2008<br />
3,086<br />
63.0%<br />
2009<br />
Net financial<br />
debt (4)<br />
16,967<br />
2007<br />
(1) Excluding revenue realised by concession subsidiaries<br />
for the construction of new infrastructure by third parties.<br />
(2) Pro forma.<br />
17,454<br />
2008<br />
17,917<br />
2009<br />
(3) Before tax and cost of financing.<br />
(4) At 31 December.<br />
Revenue<br />
by geographical area (1)<br />
2% 4%<br />
France<br />
Rest of Europe<br />
Rest of the world<br />
94%
Concessions<br />
<strong>VINCI</strong> Autoroutes<br />
16 <strong>VINCI</strong>_ <strong>2010</strong> Profi le
<strong>Profile</strong><br />
With a network stretching 4,384 km, representing<br />
more than half of France’s motorway network under<br />
concession, <strong>VINCI</strong> Autoroutes is Europe’s leading<br />
motorway operator.<br />
Four concession companies are united under the<br />
<strong>VINCI</strong> Autoroutes banner in France:<br />
ASF: 2,634 km of motorways in operation and<br />
80 km in planning or construction, covering the<br />
southern half of France (1.1 million customers a day,<br />
578,000 toll accounts);<br />
Cofiroute: a 1,100 km network serving the<br />
west of France (311,000 customers a day,<br />
286,000 toll accounts). Cofiroute also holds the<br />
concession for the A86 Duplex tunnel in the greater<br />
Paris area, of which the first section (4.5 km) was<br />
commissioned in 2009;<br />
Escota: a network of 459 km located in<br />
Provence-Alpes-Cote d’Azur (673,000 customers<br />
a day, 200,000 toll accounts);<br />
Arcour, concessionaire for the new A19<br />
between Artenay and Courtenay (101 km), the<br />
southern bypass around the greater Paris area,<br />
operated by Cofiroute.<br />
(*) Excluding revenue realised by concession subsidiaries<br />
for the construction of new infrastructure by third parties.<br />
Revenue (*)<br />
€4,095 million<br />
Operating profit from<br />
ordinary activities<br />
€1,793 million<br />
Net profit attributable to<br />
equity holders of the parent<br />
€733 million<br />
Workforce<br />
8,600 employees<br />
Revenue by network (*)<br />
27%<br />
15%<br />
58% ASF<br />
15% Escota<br />
27% Cofiroute<br />
Traffic by network<br />
58%<br />
Millions<br />
of kilometres<br />
travelled<br />
Growth on<br />
a stable<br />
network<br />
ASF 28,034 +1.4%<br />
Escota 6,561 +0.7%<br />
Cofiroute 10,773 +1.1%<br />
Arcour<br />
(6 months) 136<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 17
Concessions / <strong>VINCI</strong> Autoroutes / Main contracts<br />
Autoroutes du Sud de la France (ASF)<br />
operates a 2,634 km network covering<br />
the southern half of France (A7, A8, A9,<br />
A10, A11, A20, A54, A61, A62, A63, A64,<br />
A641, A645, A66, A68, A72, A83, A837,<br />
A87 and A89) and has 80 km in planning<br />
or construction. ASF also holds the<br />
concession for the northern ring road<br />
around Lyons (Openly) and the<br />
Puymorens tunnel in the Pyrenees.<br />
Cofiroute operates 1,100 km of motorway<br />
in western France (A10, A11, A19, A28,<br />
A71, A81 and A85). The company also<br />
holds the concession for the A86 Duplex<br />
tunnel near Paris, the first section of which<br />
(4.5 km) was commissioned in 2009.<br />
In Germany, Cofiroute is a shareholder in<br />
Toll Collect, the company that deployed<br />
and now operates the toll system applied<br />
across the country’s entire network<br />
(12,500 km) for vehicles of over<br />
12 tonnes.<br />
In the United States, Cofiroute operates<br />
the SR-91 Express Lanes in Los Angeles<br />
and the MnPass system on the HOT<br />
lanes (free for car-sharers, toll charged for<br />
other vehicles) on the I-394 and I-35W<br />
in Minneapolis, Minnesota.<br />
Escota operates a 459 km network in the<br />
Provence-Alpes-Côte d’Azur region (A8,<br />
A50, A500, A501, A51, A52, A520 and A57).<br />
Arcour holds the concession for the A19<br />
(101 km), the new motorway which,<br />
operated by Cofiroute, forms the<br />
southern link in the outer ring road<br />
around the greater Paris region.<br />
18 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
ASF group (Escota and ASF)<br />
Revenue (1)<br />
2,895 2,967<br />
2008<br />
2009<br />
Cofiroute<br />
Revenue (1)<br />
1,077 1,111<br />
2008<br />
2009<br />
Cash flow<br />
from operations (2)<br />
1,902<br />
1,997<br />
65.7%<br />
2008<br />
67.3%<br />
2009<br />
Cash flow<br />
from operations (2)<br />
772<br />
71.6%<br />
800<br />
72.0%<br />
2008 2009<br />
In € millions and as a percentage of revenue (1)<br />
Net profit<br />
attributable<br />
to equity holders<br />
of the parent<br />
478 (3)<br />
16.5%<br />
2008<br />
480<br />
16.2%<br />
2009<br />
Net profit<br />
attributable<br />
to equity holders<br />
of the parent<br />
269<br />
25.0%<br />
2008<br />
260<br />
23.4%<br />
2009<br />
Motorway networks under concession<br />
in Europe (In km) (4)<br />
<strong>VINCI</strong> Autoroutes 4,384<br />
Atlantia 3,413<br />
Abertis 3,264<br />
Eiffage 2,583<br />
Brisa 1,494<br />
Cintra 1,217<br />
(1) Excluding construction revenue (IFRIC 12).<br />
(2) Before tax and cost of financing.<br />
(3) Of which exceptional items totalling €79 million.<br />
(4) Networks in which the companies are the majority shareholder.<br />
Source: company press releases
The <strong>VINCI</strong> Autoroutes network<br />
Alençon<br />
A86 Duplex<br />
Paris<br />
Nantes<br />
La Roche sur Yon<br />
Laval A28<br />
Angers<br />
Le Mans<br />
A81<br />
A11<br />
A10<br />
Angers<br />
A28<br />
A11<br />
A11<br />
A10 A19<br />
A85<br />
Orléans<br />
A87 Tours<br />
A71<br />
A85<br />
A83 A10<br />
Bourges<br />
Niort Poitiers<br />
A837 A10<br />
Rochefort<br />
Saintes<br />
A10 A89<br />
Bordeaux<br />
Clermont Ferrand<br />
A89 A89<br />
A72<br />
Saint Etienne<br />
Brive<br />
la Gaillarde<br />
Lyons<br />
A7<br />
Northern Lyons<br />
ring road<br />
A20<br />
A63<br />
Biarritz<br />
A62<br />
Montauban<br />
A641 Toulouse<br />
A64<br />
Pau A64<br />
A645<br />
A68<br />
A61<br />
A66<br />
A9<br />
A9<br />
Nîmes<br />
A9 A54<br />
Narbonne<br />
Orange A51<br />
A7<br />
A8 Menton<br />
A8 Aix en Provence<br />
A52<br />
A57<br />
A50 Toulon<br />
ASF<br />
Cofiroute<br />
Escota<br />
Motorway under construction<br />
Puymorens tunnel<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 19
Concessions<br />
<strong>VINCI</strong> Concessions<br />
20 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong>
<strong>Profile</strong><br />
As both a developer of new concessions and an<br />
investor in a unique concessions portfolio, <strong>VINCI</strong><br />
Concessions plays a pivotal role in implementing<br />
<strong>VINCI</strong>’s integrated business model. <strong>VINCI</strong> Concessions’<br />
expertise in design, financing, construction,<br />
operations and maintenance makes it the preferred<br />
partner of public authorities in France and abroad<br />
for development of transport infrastructure (roads<br />
and motorways, car parks, rail links, airports) and<br />
public facilities.<br />
Conscious of the responsibilities with which it is<br />
entrusted through its public service contracts,<br />
<strong>VINCI</strong> Concessions seeks innovative approaches<br />
to optimise operations and infrastructure maintenance<br />
that best respond to the expectations of its<br />
end-users.<br />
Note: the financial data is for <strong>VINCI</strong> Park and other infrastructure (excluding<br />
concessions holding companies).<br />
(*) Excluding revenue realised by concession subsidiaries for the construction<br />
of new infrastructure by third parties.<br />
Revenue (*)<br />
€804 million<br />
Operating profit from<br />
ordinary activities<br />
€136 million<br />
Net profit attributable<br />
to equity holders of<br />
the parent<br />
€59 million<br />
Workforce<br />
8,100 employees<br />
Revenue by business line (*)<br />
6%<br />
17%<br />
77%<br />
77% <strong>VINCI</strong> Park<br />
6 % <strong>VINCI</strong> Airports<br />
17 % Other concessions<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 21
Concessions / <strong>VINCI</strong> Concessions / Main contracts<br />
01 02<br />
<strong>VINCI</strong> Park<br />
Europe’s leader in parking and with<br />
operations in the United States and<br />
Canada, <strong>VINCI</strong> Park manages<br />
1,250,000 on-street or parking facility<br />
(2,300) spaces in 12 countries through<br />
nearly 2,000 contracts.<br />
<strong>VINCI</strong> Airports<br />
Six airports in France<br />
Chambéry-Savoie, Clermont Ferrand-<br />
Auvergne, Dinard-Pleurtuit, Grenoble-<br />
Isère, Quimper-Cornouaille and<br />
Rennes-Saint Jacques.<br />
Three airports in Cambodia<br />
Phnom Penh, Siem Reap and<br />
Sihanoukville.<br />
22 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
Motorway and road infrastructure<br />
Canada Fredericton–Moncton motorway (200 km).<br />
France Prado Carénage and Prado Sud tunnels in<br />
Marseilles.<br />
Germany A4 Gotha–Eisenach (45 km) and A5 Offenburg–<br />
Baden-Baden (60 km) motorways.<br />
Greece Athens–Tsakona (365 km) and Maliakos–Kleidi<br />
(240 km) motorways.<br />
Jamaica 23 km motorway network.<br />
Netherlands Coentunnel in Amsterdam.<br />
Slovakia R1 Nitra–Tekovské Nemce expressway (52 km).<br />
United Kingdom Newport Southern Distributor Road<br />
(9.3 km).<br />
Railway infrastructure<br />
Belgium Liefkenshoek rail link (16 km) in the Port<br />
of Antwerp.<br />
France Rhônexpress light rail system (23 km) in Lyons;<br />
GSM-R digital communication system over 14,000 km<br />
of track.
03 04<br />
Bridges and tunnels<br />
Canada Confederation Bridge<br />
(New Brunswick–Prince Edward Island).<br />
Greece Charilaos–Trikoupis Bridge<br />
(Peloponnese–mainland Greece over<br />
the Gulf of Corinth).<br />
Portugal Vasco da Gama and 25 April<br />
Bridges over the Tagus estuary in<br />
Lisbon.<br />
United Kingdom Two bridges over the<br />
River Severn linking England and Wales.<br />
Public facilities<br />
Stade de France near Paris and<br />
MMArena stadium in Le Mans (France).<br />
Public lighting (Lucitea) in Rouen; car<br />
rental firm business complex at Nice<br />
airport (France).<br />
01 In New York, LAZ Parking operates<br />
34 car parks linked to the city’s<br />
northern metro network.<br />
02 After completion of the<br />
infrastructure works, the Rhônexpress<br />
link will be brought into service in<br />
summer <strong>2010</strong>.<br />
03 The Prado Carénage tunnel saves<br />
drivers 25 minutes on the journey<br />
across Marseilles.<br />
04 In Slovakia, <strong>VINCI</strong> is a stakeholder<br />
in the PPP for the design, construction,<br />
financing and operation of the R1<br />
expressway.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 23
Revenue Operating profi t from<br />
ordinary activities<br />
28,520<br />
26,891<br />
25,660<br />
2007<br />
2008<br />
2009<br />
In € millions and as a percentage of revenue<br />
24 <strong>VINCI</strong>_ <strong>2010</strong> Profi le<br />
1,289<br />
5.0%<br />
2007<br />
1,363<br />
4.8%<br />
2008<br />
1,220<br />
4.5%<br />
2009<br />
Net profi t<br />
attributable<br />
to equity holders<br />
of the parent<br />
843<br />
3.3%<br />
2007<br />
884<br />
3.1%<br />
2008<br />
801<br />
3.0%<br />
2009
Contracting<br />
At the heart of the Group’s integrated model,<br />
<strong>VINCI</strong> Energies, Eurovia and <strong>VINCI</strong> Construction<br />
form an unrivalled network of expertise and companies.<br />
In 2009, their 145,000 employees worked on<br />
240,000 projects in some 100 countries.<br />
Cash fl ow<br />
from operations (1)<br />
1,659<br />
6.5%<br />
2007<br />
1,809<br />
6.3%<br />
2008<br />
1,737<br />
6.5%<br />
2009<br />
(1) Before tax and cost of financing.<br />
(2) At 31 December.<br />
Net cash (2)<br />
2,593<br />
2007<br />
2,995<br />
2008<br />
3,339<br />
2009<br />
Revenue by<br />
geographical area<br />
5% 3%<br />
5%<br />
9%<br />
7%<br />
8%<br />
8%<br />
France<br />
Central and<br />
Eastern Europe<br />
United Kingdom<br />
Germany<br />
55%<br />
Rest of Europe<br />
Americas<br />
Africa<br />
Rest of the world<br />
<strong>VINCI</strong>_<strong>2010</strong> Profi le 25
Contracting<br />
<strong>VINCI</strong> Energies
<strong>Profile</strong><br />
<strong>VINCI</strong> Energies is a European market leader in<br />
energy and information systems. Linking users<br />
and equipment manufacturers, the company delivers<br />
a wide array of value-added design, implementation,<br />
maintenance and operations services in four<br />
business lines.<br />
Infrastructure: power supply networks (power<br />
transmission, transformation and distribution), urban<br />
lighting and development, transport infrastructure<br />
(power supply, lighting and information systems).<br />
Industry: power distribution, monitoring and<br />
control, mechanical engineering, air treatment, fire<br />
protection, insulation, industrial maintenance.<br />
Service sector: power supply networks,<br />
climate engineering, plumbing, fire detection and<br />
protection, building automation systems, security,<br />
multi-technical and multi-service maintenance.<br />
Telecommunications: infrastructure and<br />
voice-data-image company communications.<br />
The diversity of offers made by <strong>VINCI</strong> Energies<br />
through its comprehensive European network of<br />
800 companies and six brands enables it to propose<br />
solutions that are both local and global. With<br />
a workforce of 32,000 employees in 21 countries,<br />
<strong>VINCI</strong> Energies generates more than 30% of its<br />
revenue outside France.<br />
Revenue<br />
€4,339 million<br />
Operating profit from<br />
ordinary activities<br />
€230 million<br />
Net profit attributable<br />
to equity holders<br />
of the parent<br />
€161 million<br />
Workforce<br />
32,000 employees<br />
Revenue by business line<br />
6%<br />
23%<br />
12%<br />
33%<br />
32%<br />
77%<br />
32% Industry<br />
33% Service sector<br />
23% Infrastructures<br />
12% Telecommunications<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 27
Contracting / <strong>VINCI</strong> Energies / Main contracts<br />
01 02<br />
Industry<br />
Transport<br />
As part of a <strong>VINCI</strong> consortium, repair<br />
work to the Channel Tunnel, damaged<br />
by fire in September 2008. High and low<br />
voltage systems, railway signalling and<br />
cooling systems.<br />
Cement works<br />
Implementation of the electricity and<br />
monitoring and control works packages<br />
for a second cement production unit for<br />
Lafarge Ciments in Tétouan (Morocco).<br />
Energy production<br />
Electricity, instrumentation, automation<br />
and industrial asset protection works<br />
packages as part of the refurbishment<br />
of the GRT Gaz (GDF Suez group)<br />
interconnection grid at Alfortville (France).<br />
Design studies, supply, installation<br />
assistance and commissioning of fire and<br />
gas safety systems, emergency shutdown<br />
system, CCTV and general alarm system<br />
for Total Exploration & Production<br />
Russia’s Kharyaga oilfield in the Nenets<br />
Autonomous District (Russia).<br />
28 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
01 Deployment of a high-performance<br />
conductor for RTE.<br />
02 Opteor (<strong>VINCI</strong> Energies) carries out<br />
maintenance and an energy audit of<br />
ASF installations.<br />
Pharmaceuticals<br />
Installation of low voltage network for process machines,<br />
lighting distribution and electrical outlets, rollout of IT<br />
network at GSK plant in Saint Amand (France). Installation<br />
of airlock management automation.<br />
Pulp & paper<br />
Fire protection and control and command system for Palm<br />
paper plant in King’s Lynn (United Kingdom).<br />
Service sector<br />
Education<br />
Comprehensive heat audit and replacement of eight boilers<br />
by energy-efficient boilers at Eton College (United<br />
Kingdom).<br />
Retail<br />
Full refurbishment (electrical, plumbing, communication,<br />
access control and fire detection systems) of the former<br />
Sulzer office block (26 storeys) for Winterthur department<br />
stores (Switzerland).<br />
Property<br />
Installation of electricity, information system and air<br />
conditioning networks at the new Microsoft head office<br />
in Issy les Moulineaux (France).<br />
Electricity networks in Gothenburg’s new court building<br />
(Sweden).
High environmental quality certification<br />
(HQE® “Exploitation”) secured for Macif’s<br />
Paris head office (France) by Opteor, which<br />
provides multi-technical maintenance of<br />
the building and is helping to optimise its<br />
energy consumption.<br />
High and low voltage works packages<br />
(access control, fire protection, CCTV and<br />
telecommunications) on the Novartis<br />
campus in Basel (Switzerland).<br />
Telecommunications<br />
Business communication (Axians)<br />
Optimisation of IT infrastructure<br />
in Manpower’s new Dutch head office<br />
in Diemen (Netherlands).<br />
Installation of IT infrastructure<br />
in the head offices of IBM in La Garenne<br />
Colombes (France) and Adidas<br />
in Amsterdam (Netherlands).<br />
Infrastructure (Graniou)<br />
Design and installation of FTTH (fibre<br />
to the home) networks providing very<br />
high speed Internet services for residents<br />
in the 6th, 12th, 15th, 16th and 17th<br />
districts of Paris, as well as in the<br />
Val de Marne department, for operators<br />
Free and SFR, representing almost<br />
320,000 connection points.<br />
Installation of 150 km of optical fibre<br />
along local roads as part of the<br />
RESO-LIAin project in the Ain department<br />
in eastern France.<br />
Maintenance contract covering<br />
6,500 France Télécom fixed-line and<br />
mobile installations for a period of three<br />
years in 25 departments in south-west<br />
France.<br />
Infrastructure<br />
High voltage networks<br />
Refurbishment of 110 kV high voltage line for<br />
CEZ (Czech Republic).<br />
Strengthening of the 2x400 kV high voltage line between<br />
Tamareau and Tavel (France).<br />
Solar power<br />
Turnkey supply of Marie Galante solar energy farm<br />
(2 MWp), the biggest in the French West Indies-Guiana<br />
area.<br />
Installation of solar panels at the Saint Laurent du Maroni<br />
and Mana high schools (French Guiana) and the HQE de<br />
Saint André high school in Reunion Island.<br />
Urban lighting<br />
Modernisation, optimisation and comprehensive<br />
management of public lighting in Divonne les Bains (France)<br />
under a public-private partnership (PPP) contract.<br />
Illumination in France of Saint Nicolas de Port Basilica<br />
and La Rochelle’s Old Crane, the latter winning the first<br />
prize in the Lumières 2009 competition organised by<br />
SERCE.<br />
Transport infrastructure<br />
Traffic control system in Rouen (France) as part of<br />
the Lucitea PPP.<br />
Safety improvement work on 22 tunnels in the greater<br />
Paris area (France). Installation of 1,400 cameras,<br />
tunnel-closing systems, variable message signs, automatic<br />
incident detection systems, as well as associated power and<br />
transmission networks.<br />
Installation or modernisation of lighting, fire protection,<br />
HVAC (heating, ventilation, air conditioning) and power<br />
supply in the Bucharest metro (Romania).<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 29
Contracting<br />
Eurovia
<strong>Profile</strong><br />
Eurovia is a world leader in transport and urban<br />
development infrastructure. While it generates more<br />
than 90% of its revenue in Europe (primarily in France,<br />
Germany, the United Kingdom and Central Europe),<br />
Eurovia also holds significant positions in the United<br />
States (North Carolina, Florida) and Canada. With nearly<br />
42,000 employees, a network of close to 300 branches<br />
and subsidiaries and almost 870 industrial production<br />
sites, Eurovia has developed an integrated range of<br />
expertise.<br />
Transport and urban development infrastructure.<br />
Eurovia builds road, motorway, airport, rail and light<br />
rail infrastructure, as well as industrial and retail sites.<br />
Eurovia also offers expertise in related works: urban<br />
renovation, signage, preserving quality of life and environmental<br />
protection.<br />
Industrial production. Eurovia manages a network<br />
of 300 quarries producing 74 million tonnes of aggregate<br />
(Eurovia share, 55 million tonnes) per year, 45 binder<br />
plants, 400 coating plants, 112 recycling facilities (recycling<br />
8 million tonnes of construction waste and household<br />
waste bottom ash) and 14 factories producing road<br />
equipment (including signage, prefabricated concrete<br />
and noise barriers). These business activities contribute<br />
to Eurovia’s growth and profit while also ensuring<br />
supplies for its projects (reserves under the company’s<br />
control*: 2.1 billion tonnes of aggregate, Eurovia share,<br />
representing about 30 years of production).<br />
Maintenance and services. Eurovia ensures<br />
overall maintenance of roads, motorways, rail networks<br />
and urban and transport infrastructure (network management,<br />
routine maintenance, winter maintenance,<br />
emergency response, temporary signage, etc.). Eurovia<br />
also provides upstream design-coordination, consulting<br />
and technical support services.<br />
(*) Reserves controlled through ownership or royalty agreement.<br />
Revenue<br />
€8,003 million<br />
Operating profit from<br />
ordinary activities<br />
€319 million<br />
Net profit attributable<br />
to equity holders of the<br />
parent<br />
€206 million<br />
Workforce<br />
42,000 employees<br />
Revenue<br />
by business line<br />
22%<br />
72% Road and rail works<br />
22% Industrial production<br />
6% Maintenance and services<br />
%<br />
6%<br />
72%<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 31
Contracting / Eurovia / Main contracts<br />
01 02<br />
France<br />
Motorways A8, A9, A10, A19, A20, A36,<br />
A51, A63, A65, A87, A89, A86 Duplex<br />
tunnel, A13-RN186 interchange, A7-A9<br />
junction.<br />
Trunk roads, local roads and urban<br />
bypasses Taharaa pass in Tahiti (French<br />
Polynesia), Route des Tamarins highway<br />
(Reunion Island), RD109, RD663, RN7 using<br />
Tricouche® high performance base course.<br />
Airport Paris-Charles de Gaulle.<br />
Railway infrastructure Angers,<br />
Marseilles, Montpellier and Paris (T1 and<br />
T2) light rail systems; Rhônexpress city<br />
centre–airport link in Lyons; Cravant–<br />
Clamecy line in the Yonne department (to<br />
the south-east of Paris); Rhine-Rhône<br />
high speed line; track and ballast<br />
replacement between Mantes la Jolie and<br />
Vernon (to the north of Paris).<br />
Port infrastructure Replacement of fixed<br />
pontoons in the port of La Grande Motte.<br />
Urban development Lille,<br />
Maubourguet, Metz, Nantes, Nîmes,<br />
Pertuis.<br />
Industrial and commercial sites<br />
La Duchère urban development zone in<br />
32 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
Lyons, Le Pays d’Erstein business park in eastern France,<br />
MMArena stadium in Le Mans, the Grand Parquet<br />
equestrian stadium in Fontainebleau, Quimper velodrome,<br />
car racing track at Chambley.<br />
Maintenance Repair of numerous local and trunk roads<br />
using coatings, surface dressings, “grave emulsion” cold<br />
mix or in-situ surface regeneration (Recyclovia®);<br />
maintenance of Sanef’s optical fibre network; contract for<br />
minor repair work on Escota’s and ASF’s motorway<br />
networks.<br />
Rest of Europe<br />
Germany<br />
A4 and A5 A-Modell motorways (renovation of 60 km,<br />
including widening of 42 km to three-lane dual carriageway);<br />
Nuthetal motorway triangle; Berlin-Schönefeld airport.<br />
United Kingdom<br />
Application of Viaphone® on the A26 in Tonbridge;<br />
decorative coatings on Constitution Hill in London.<br />
Spain<br />
Recyclovia® process used on 300,000 sq. metres<br />
nationwide; temperature-sensitive paints used in the<br />
provinces of Jaen in Andalusia and Lugo in Galicia;<br />
application of Viagrip® on 20,000 sq. metres at four sites in<br />
Andalusia; manufacture of almost 3,000 tonnes of rubber<br />
modified asphalt using recycled tyres.
01 The Lasbeck quarry in North Rhine-<br />
Westphalia (Germany) has reserves of<br />
some 19.5 million tonnes.<br />
02 Application of Viaphone®, a noise<br />
abatement surfacing, at Tonbridge<br />
(United Kingdom).<br />
03 In Slovakia, Eurovia built an 11 km<br />
section of the D1 motorway, including<br />
11 bridges, between Mengusovce and<br />
Janovce.<br />
Czech Republic and Slovakia<br />
Construction of 9.5 km of the I/11<br />
highway with 19 structures and three<br />
retaining walls; R1 expressway in<br />
Slovakia; Strahov cut and cover tunnel<br />
in Prague; optimisation of Prague–Pilsen<br />
railway line; start-up of production<br />
of two coating plants with a capacity of<br />
240 tonnes/hour at Ostrów Wielkopolski<br />
and Poznań; Vamberk bypass in eastern<br />
Bohemia; R35 and D1 motorways; repair<br />
of Zilina–Teplica rail node.<br />
Poland<br />
Construction of a 7 km section of the<br />
A1 motorway; Bytom and Stargard bypasses;<br />
S5 expressway between Poznań and<br />
Gniezno; construction of a 14 km section<br />
of the S7 expressway near Gdansk;<br />
Glogowska street in Poznań.<br />
Croatia<br />
Drainage works at Rovinj.<br />
Romania<br />
Civil engineering works for the biggest<br />
wind farm under construction in Europe<br />
(139 turbines).<br />
Lithuania<br />
Extension of Vilnius ring road.<br />
03<br />
Americas<br />
United States<br />
Installation of crushable concrete blocks at Charlotte/<br />
Douglas international airport to stop planes overshooting<br />
the runway (North Carolina); conversion of an urban section<br />
under a build-finance contract for the US19 project in<br />
Clearwater (Florida); extension of Maitland Boulevard in<br />
Apopka (Florida).<br />
Canada<br />
Maintenance contract for almost 3 million sq. metres of<br />
road in New Brunswick; application of coating on Highway<br />
10 near Sherbooke; repair of Highway 30 at Contrecoeur<br />
and Saint Roch.<br />
Chile<br />
Calama–Chiu-Chiu road; 9 km expressway to access the<br />
mine at Chuquicamata.<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 33
Contracting<br />
<strong>VINCI</strong> Construction<br />
34 <strong>VINCI</strong>_<strong>2010</strong> Profi le
<strong>Profile</strong><br />
France’s market leader in construction and a major<br />
global player, <strong>VINCI</strong> Construction combines an<br />
unparalleled array of capabilities in building, civil<br />
engineering, hydraulic engineering and services.<br />
Its business consists of three complementary<br />
components.<br />
A network of local subsidiaries, in mainland<br />
France, through <strong>VINCI</strong> Construction France with a<br />
well-established network of 375 profit centres, and<br />
internationally, with <strong>VINCI</strong> Construction UK in the United<br />
Kingdom, CFE (46.8% held by <strong>VINCI</strong>) mainly in Benelux,<br />
SKE in Germany, Warbud, Prumstav-FCC and SMP in<br />
Central Europe, Sogea-Satom in Africa, as well as about<br />
30 local branches in overseas France.<br />
Specialised, highly technical business lines<br />
including specialised civil engineering technologies with<br />
Soletanche Freyssinet (structures, soil foundations and<br />
technologies, nuclear engineering), dredging with DEME<br />
(50% held by CFE) and oil and gas infrastructure with<br />
Entrepose Contracting.<br />
Management of complex projects with <strong>VINCI</strong><br />
Construction Grands Projets, operating worldwide on<br />
major civil engineering and building structures.<br />
<strong>VINCI</strong> Construction exemplifies the Group’s entrepreneurial<br />
spirit and management approach, combining a<br />
decentralised structure, networked collaborative work,<br />
empowerment of local managers, development of<br />
employees and a responsive organisation.<br />
This model has contributed to the introduction of new<br />
standards of performance in building and public works.<br />
Revenue<br />
€14,549 million<br />
Operating profit from<br />
ordinary activities<br />
€671 million<br />
Net profit attributable<br />
to equity holders of the<br />
parent<br />
€434 million<br />
Workforce<br />
71,000 employees<br />
Revenue by business line<br />
25%<br />
7% 6%<br />
22%<br />
40%<br />
40% Building<br />
22% Civil engineering<br />
25% Specialised civil<br />
engineering<br />
7% Hydraulic engineering<br />
6% Facilities management<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 35
Contracting / <strong>VINCI</strong> Construction / Main contracts<br />
Building<br />
Private sector buildings<br />
Building for RTBF, Liège (Belgium).<br />
Odeon and Teotista Towers, Monaco.<br />
IT centres for KBC, Budapest (Hungary).<br />
Prosta Tower, Warsaw (Poland).<br />
Commercial and industrial buildings<br />
Islamic Art Museum, Louvre Museum<br />
and Louis Vuitton Foundation, Paris.<br />
Mandarin Oriental Hotel, Paris.<br />
Arc shopping centre, Bury St Edmunds,<br />
Suffolk (United Kingdom).<br />
Sports facilities<br />
MMArena stadium in Le Mans and<br />
Le Havre stadium (France).<br />
Sports Park, Tripoli (Libya).<br />
Education<br />
Diderot University, Paris; new ENSTA<br />
campus, Palaiseau, near Paris (France).<br />
Middlesex University, Hendon (United<br />
Kingdom).<br />
Healthcare<br />
Ambroise Paré Hospital, Marseilles;<br />
Necker Hospital, Paris; extension of<br />
Cayenne hospital in French Guiana;<br />
university cancer research hospital,<br />
Toulouse; French blood bank,<br />
Pointe à Pitre, Guadeloupe (France).<br />
Circle Bath Hospital, Bath; Aintree<br />
University Hospital, Liverpool (United<br />
Kingdom).<br />
.<br />
36 <strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong><br />
01<br />
Civil engineering<br />
Transport infrastructure<br />
France<br />
A65 Langon–Paul and A89 Lyons–Bordeaux motorways;<br />
Bacalan Bridge, Bordeaux; bridge over River Saint Etienne,<br />
Reunion Island.<br />
Rest of Europe<br />
Greece: Maliakos–Kleidi and Athens–Tsakona motorways.<br />
Poland: S5 Poznań–Gniezno, S7 Elblag–Olsztynek,<br />
S8 Konotopa–Prymasa Tysiaclecia trunk roads.<br />
Slovakia: R1 expressway.<br />
United Kingdom: Docklands Light Railway refurbishment,<br />
London; Gatwick airport south terminal refurbishment.<br />
Africa<br />
Moundou–Doba–Koumra and Oum Hadjer–Mangalmé<br />
highways (Chad); Zanzibar airport (Tanzania) and Kinshasa<br />
airport (Democratic Republic of Congo).<br />
Middle East<br />
Lusail light rail system (Qatar); Tripoli airport control tower<br />
(Libya); Muscat airport (Oman).<br />
Asia<br />
Ho Chi Minh City light rail system (Vietnam); doubling the<br />
capacity of Ipoh–Padang Besar railway line (Malaysia).
Bridges<br />
East interchange in Ouagadougou<br />
(Burkina Faso); Pulvermuehle viaduct<br />
(Luxembourg); Churchill–Roosevelt<br />
motorway bridge (Trinity and Tobago).<br />
Soil improvement, stay cables and<br />
prestressing for Golden Ears Bridge<br />
(Canada); stay cables and prestressing<br />
for Phu My bridge, to the south of<br />
Ho Chi Minh City (Vietnam).<br />
Underground works<br />
La Croix Rousse tunnel, Lyons (France);<br />
Brightwater tunnels, Seattle (United<br />
States).<br />
Hong Kong metro; Tottenham Court<br />
Road underground station, London<br />
(United Kingdom); Mexico City and<br />
Singapore metros.<br />
Second section of the A86 Duplex<br />
(A13–Pont Colbert interchange) in the<br />
greater Paris area (France).<br />
Four car parks, Lusail (Qatar).<br />
Port and maritime works<br />
Ports of Cotonou (Benin) and Aqaba<br />
(Jordan); Port 2000, Le Havre (France).<br />
Port cleanup, Santos (Brazil); Panama<br />
Canal deepening.<br />
Industrial and energy infrastructure<br />
Chernobyl sarcophagus containment<br />
structure (Ukraine); EPR power station<br />
prestressing, Olkiluoto (Finland).<br />
450 km pipeline (Papua New Guinea);<br />
544 km Durban–Johannesburg pipeline<br />
(South Africa).<br />
C-Power offshore wind farm, Ostend<br />
(Belgium).<br />
Ait Baha cement works (Morocco);<br />
Koniambo factory earthworks (New<br />
Caledonia).<br />
01 In London (United Kingdom), the renovation of South<br />
Quay station and platform works at 18 stations are two major<br />
components of the Dockland Light Railway extension project.<br />
02 Runway renovation and extension works at Zanzibar airport<br />
(Tanzania).<br />
02<br />
Hydraulic engineering<br />
Doha pumping station (Qatar).<br />
Drinking water supply works in Cankuzo, Gitega, Rutana<br />
and Ruyigi (Burundi).<br />
ITB main sewers in Bogota (Colombia) and Oued M’Kacel<br />
(Algeria).<br />
Hain Valley (Belgium), Ajaccio (Corsica), Etang Salé and<br />
SIAPP (Reunion Island) wastewater treatment plants.<br />
Services and specialised business<br />
activities<br />
Public facility maintenance under PPP contracts<br />
54 schools in Germany and Belgium; schools<br />
in Nuremberg (Germany).<br />
Swindon and Medway police stations (United Kingdom).<br />
Energy project development<br />
Wind farm, Vendée (France).<br />
<strong>VINCI</strong>_<strong>2010</strong> <strong>Profile</strong> 37
<strong>VINCI</strong><br />
1 cours Ferdinand de Lesseps<br />
92851 Rueil Malmaison Cedex, France<br />
Tel: +33 1 47 16 35 00<br />
Fax: +33 1 47 51 91 02<br />
www.vinci.com<br />
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