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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 />

Patrick Messina / Agence Cendrine Gabaret (cover) - Luc Benevello - Augusto Da Silva / Graphix Images - Cyrille Dupont - Thierry Duvivier / Trilogi’c - Dirk<br />

Eusterbrock / Graphix Images - Jean-Yves Govin Sorel - Axel Heise - Gaël Kerbaol - Pascal Le Doaré - Guillaume Maucuit-Lecomte - Sirimage - Francis Vigouroux - Jean<br />

Zindel - Photo libraries of <strong>VINCI</strong> and subsidiaries. All rights reserved – Design and production: - 9467 - Translation: – Printing: Arteprint.

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