CONCESSIONS - vinci.com · Hounslow Borough road network(5) 432 km of roads and 735 km of pavements United Kingdom 50% 2037 Moscow–St Petersburg motorway ... Cambodia 13% France

K E Y D ATA

C O N C E S S I O N SRevenue (1)

(in €m)

Net income attributable to owners of the parent

(in €m)

Ebitda (2)

(in €m and as a percentage of revenue (1) )

Net financial debt (3) (in €m)

Capital employed (3) (in €m)

Operating income from ordinary activities


Revenue (1) by geographical area(as a percentage)

(1) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.

France 82% Portugal 11% Rest of the world 7%

4,302 2,9534,710 3,251

2016

2016 2016 2016

2016 20162017

2017 2017 2017

2017 2017

6,945

1,689 27,145 29,605

67.8% 46.8%6,298

1,664 28,515 29,354

68.3% 46.9%

PUBLIC-PRIVATE PARTNERSHIPS OF VINCI’S CONCESSIONS BUSINESS WORLDWIDE

(1) Under construction or to be built.(2) Service, management or public service contracts.

(3) Including 65 km to be widened.(4) Including 9 km to be built.

(5) Upgrade, maintenance and upkeep contract.

(6) Operation and maintenance contract.(7) End of contract: 8 January 2018.

The PPPs listed below are managed within the Concessions businesses of VINCI. Other PPPs (mainly buildings) are managed within VINCI’s Contracting business.

INFRASTRUCTURE DESCRIPTION COUNTRY SHARE CAPITAL HELD

END OF CONTRACT

Motorway and road infrastructure Network under concessionArcos (A355 – western Strasbourg bypass)(1) 24 km France 100% 2070 Arcour (A19) 101 km France 100% 2070ASF network (excl. Puymorens Tunnel, 5.5 km) 2,731 km France 100% 2036Cofiroute network (excl. A86 Duplex Tunnel, 11 km) 1,100 km France 100% 2034Escota network 471 km France 99% 2032A-Modell A4 motorway 45 km Germany 50% 2037A-Modell A5 motorway 60 km Germany 54% 2039A-Modell A7 motorway 60 km Germany 50% 2047A-Modell A9 motorway 46.5 km Germany 50% 2031Toll Collect(2) Motorway and road toll system for HGVs Germany 10% 2018Regina Bypass(1) 61 km Canada 38% 2049Fredericton–Moncton highway 195 km Canada 25% 2028Bogotá–Girardot motorway 141 km (3) Colombia 50% 2042Athens–Corinth–Patras motorway 201 km Greece 30% 2038Maliakos–Kleidi motorway 230 km Greece 14% 2038Trans Jamaican Highway 50 km Jamaica 13% 2036Lima expressway 25 km (4) Peru 100% 2049Newport Southern Distributor Road 10 km United Kingdom 50% 2042Isle of Wight road network(5) 821 km of roads and 767 km of pavements United Kingdom 50% 2038Hounslow Borough road network(5) 432 km of roads and 735 km of pavements United Kingdom 50% 2037Moscow–St Petersburg motorway (MSP 1) 43 km (Moscow–Sheremetyevo) Russia 50% 2040Moscow–St Petersburg motorway (MSP 7 and 8)(1) 138 km (St Petersburg–Veliky Novgorod) Russia 40% 2041Moscow–St Petersburg motorway (UTS)(6) 359 km (M11) + 70 km (M3) Russia 50% 2027R1 (PR1BINA) expressway 51.4 km Slovakia 50% 2041

Road bridges and tunnelsA86 Duplex Tunnel Rueil Malmaison–Jouy en Josas/Versailles (11 km) France 100% 2086Prado Carénage Tunnel Tunnel in Marseille (2.5 km) France 33% 2025Prado Sud Tunnel Tunnel in Marseille (1.5 km) France 59% 2055Puymorens Tunnel Tunnel in the Pyrenees (5.5 km) France 100% 2037Confederation Bridge Prince Edward Island–mainland Canada 20% 2032Ohio River Bridges – East End Crossing Bridges and a tunnel linking Kentucky to Indiana United States 33% 2051Charilaos Trikoupis Bridge Peloponnese–mainland Greece 57% 2039Tagus bridges Two bridges in Lisbon Portugal 37% 2030Severn Crossings(7) Two bridges over the Severn United Kingdom 35% 2018

Airports

Chambéry, Clermont Ferrand, Grenoble, Poitiers-Biard, Pays d‘Ancenis(2)

France 100% from 2018 to 2029

Lyon-Bron, Lyon-Saint Exupéry France 31% 2047Nantes Atlantique, Saint Nazaire Montoir France 85% 2065Rennes, Dinard(2) France 49% 2024Toulon-Hyères France 100% 2040Phnom Penh, Siem Reap, Sihanoukville Cambodia 70% 2040Santiago de Chile(1) Chile 40% 2035Kansai, Osaka Japan 40% 2060Lisbon, Porto, Faro, Beja, Ponta Delgada, Horta, Flores, Santa Maria, Funchal, Porto Santo

Portugal 100% 2063

Santo Domingo (Las Américas and La Isabela), Puerto Plata, Samaná (Presidente Juan Bosch and Arroyo Barril), Barahona

Dominican Republic

100% 2030

Salvador de Bahia Brazil 100% 2047

Rail infrastructureGSM-Rail Wireless communication system over 16,000 km of rail lines France 30% 2025SEA HSL High-speed rail line (302 km) between Tours and Bordeaux France 33% 2061Rhônexpress Light rail system (23 km) in Lyon France 35% 2038

Stadiums

Bordeaux (Matmut Atlantique) 42,000 seats France 50% 2045Stade de France 80,000 seats France 67% 2025Le Mans (MMArena) 25,000 seats France 100% 2043Nice (Allianz Riviera) 36,000 seats France 50% 2041Queen Elizabeth Olympic Park stadium 57,000 seats United Kingdom 100% 2040

Other public amenitiesAutomation of river dams (Bameo)(1) 31 dams on the Aisne and Meuse rivers France 50% 2043Car Rental Center, Nice-Côte d’Azur Airport 60,000 sq. metre building France 100% 2040Public lighting in Goussainville France 100% 2026Public lighting in Rouen (Lucitea) France 100% 2027Martinique BRT system 2.5 km France 100% 2035

K E Y D ATA

V I N C I A U T O R O U T E S

VINCI Autoroutes’ competitive position (4)

Motorway networks under concession in Europe (in km)

Source: internal studies, company literature.

Revenue (1) by network(in €m and as a percentage)

(1) Excluding concessions subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).

(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.(4) Controlled company networks.

VINCI Autoroutes

Abertis Atlantia Eiffage Brisa

Revenue (1)

(in €m)

Ebitda (2)





(in €m)



3,710 2,5883,850 2,685

2016

2016 2016 2016

2016 20162017

2017 2017 2017

2017 2017

5,277

1,325

4,443 3,081 2,476 1,6283,555

20,954 21,319

73.0% 50.9%5,111

1,412 22,309 21,598

72.6% 50.6%

ASF 3,053 58% Cofiroute 1,400 27% Escota 762 14% Arcour 58 1%

Aix en Provence

Limoges

Besançon

Amiens

Ca enChâlons en Champagne

Metz

Nancy

Reims

Bourges

Poitiers

Montargis

Sens

Rueil Malmaison

Versailles

Laval

Alençon

La Roche sur Yon

Vannes

Brest

Quimper

Angers

Le Mans

Tours

Niort

Montpellier

Narbonne

Arles

PérigueuxBrive la Gaillarde

Bayonne

Pau

Foix

Perpignan

Nîmes

Toulon

Fréjus

Nice

Orange

Valence

Grenoble

Chambéry

Roanne

Saint Étienne

Gap

Montauban

La RochelleRochefort

Saintes

Blois

Orléans

Chartres

Cholet Saumur

Tarbes

Saint Gaudens

Albi

Cahors

Manosque

Digne les Bains

Agen

Clermont Ferrand

Nantes

Paris

Dijon

Strasbourg

Monaco

Lyon

Lille

Rouen

Rennes

Bordeaux

Toulouse

Cherbourg en Cotentin Le Havre

Fois

Menton

Marseille

Annecy

Thonon les Bains

Colmar

Mulhouse

A19A28

A81

A85

A11

A11

A71

A89

A10

A85

A89

A89

A20

A28A11

A10

A10 A72

A87

A83

A46

A7

A7

A62 A51

A8

A645

A64A63

A66

A68

A61

A9

A75A9 A54

A52

A501 A520

A50A57

A355

A680

A86

A10

A500A64

A641

A837

2016

2016

2017

2017

3,815

1,400

3,689

1,364

(1) Excluding concession subsidiaries’ revenue derived from work carried out by non-Group companies. See glossary (page 333).

A S F G R O U P ( A S F A N D E S C O TA )(in €m and as a percentage of revenue (1))

Revenue (1) Ebitda (2) Net financial debt (3)

C O F I R O U T E(in €m and as a percentage of revenue (1))

Revenue (1) Ebitda (2) Net financial debt (3)

2,652

1,013

2,749

1,048

2016

2016

2016

2016

2017

2017

2017

2017

72.1%

74.9%

10,356

3,773

71.9%

74.3%

11,180

4,115

Motorway concessions of VINCI Autoroutes in France

ASF Cofiroute Escota Arcour Arcos A86 Duplex

Traffic 2017

(in millions of kilometres

travelled )

2017/2016 change

ASF 31,984 +1.9%Escota 7,284 +1.6%Cofiroute 11,720 +1.0%Arcour 329 +4.1%Total 51,316 +1.7%

(2) Cash flows from operations before tax and financing costs. See glossary (page 333).(3) At 31 December.

K E Y D ATA

V I N C I A I R P O R T S

Revenue (1) by business activity(as a percentage)

Revenue (1) by geographical area(as a percentage)

Revenue (1)

(in €m)

Ebitda (2)





(in €m)



Aviation services 54% Non-aviation services 26% Ground handling 9% Security/assistance for PRM(4) 11%

Portugal 54% Cambodia 13% France 23% Dominican Republic 10%

(1) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 333).(2) Cash flows from operations before tax and financing costs. See glossary (page 333).

563368

808 563

2016

2016

2016

2016 2016

20162017

2017

2017

2017 2017

2017

1,409

345

57.3%

4,048 5,783

39.9%1,055

249

53.3%

4,295 5,655

34.8%

(3) At 31 December.(4) Persons with reduced mobility.

VINCI Airports is one of the top five international players in the airport sector

with 35 airports operated worldwide.

The main listed companies in the sector are Aena (concession holder of Madrid

airport), French group ADP, Fraport (concession holder of Frankfurt airport)

and MAHB (concession holder of Kuala Lumpur airport).

In Europe, VINCI Airports operates 10 airports in Portugal (51.8 million

passengers) and 12 airports in France (18.2 million passengers), including Lyon-Saint Exupéry and Lyon-Bron

since November 2016 (10.3 million passengers).

AIRPORTS AND PASSENGER TR AFFIC MANAGED35 (1) airports and 156.6 million (1) passengers managed in 2017 (excluding ADP)

Source: internal studies, company literature.

Outside Europe, VINCI Airports holds concessions for the three international

airports in Cambodia (8.8 million passengers).

In Chile, VINCI Airports, under a consortium with ADP and Astaldi, operates

Santiago-Arturo Merino Benítez Airport (21.4 million passengers).

In the Dominican Republic, VINCI Airports operates six airports

(5.1 million passengers).

In Japan, VINCI Airports holds the concession, as part of a consortium with

Japanese partners, for the two Osaka airports (43.6 million passengers).

In Brazil, VINCI Airports has been operating Deputado Luís Eduardo

Magalhães Airport since 2 January 2018 (7.7 million passengers in 2017).

In 2018, two new airports will be added to VINCI Airports’ portfolio: Kobe (Japan)

and Belgrade (Serbia). Together, these two airports managed 8.2 million

passengers in 2017.

i iCompetitive position

(1) Including the airport in Salvador de Bahia, Brazil for full year.(2) Data in millions of passengers and 2017/2016 change.

1 airport in Chile

1 airport in Brazil

21.4(2)

+11.6%

7.7(2)

+1.8%

6 airports in the Dominican Republic

5.1(2)

+3.7%

10 airports in Portugal

51.8(2)

+16.5%

12 airports in France

18.2(2)

+ 9.4%

3 airports in Cambodia

8.8(2)

+25.1%

2 airports in Japan

43.6(2)

+8.5%

K E Y D ATA

C O N T R A C T I N GRevenue

(in €m)


(in €m)

Ebitda (1)

(in €m and as a percentage of revenue )

Net financial surplus (2) (in €m)



(in €m and as a percentage of revenue)

Revenue by geographical area(as a percentage)

1,5811,153

1,629 1,260

2016

2016 2016 2016

2016 20162017

2017 2017 2017

2017 2017

32,830

793 477 4,348

5.0% 3.8%31,466

680 872 3,465

5.0% 3.7%

France 53% Germany 8% United Kingdom 7% Central and Eastern Europe 6% Rest of Europe 8% Americas 7% Africa 4% Asia and Russia 3% Rest of the world 4%

NB: data does not include VINCI Immobilier.(1) Cash flows from operations before tax and financing costs. See glossary (page 333).(2) At 31 December.

Competitive positionsi i

EUROVIAFRANCE

Eurovia is one of the leaders in the road and rail works market with Colas and Eiffage Infrastructures. The market is

otherwise shared by a large number of local and regional contractors.

Eurovia is market leader in aggregates, where its competitors include roadworks companies and cement groups such as

LafargeHolcim, GSM (HeidelbergCement Group) and Cemex, along with several

hundred local producers.

GERMANYEurovia GmbH is one of the sector’s main players with Strabag, in a market made up

mainly of numerous regional players. In addition, Eurovia’s rail works subsidiary

ETF has expanded into Germany by acquiring THG Baugesellschaft mbH.

UNITED KINGDOMEurovia UK, through its subsidiary

Ringway, is a major player in long-term road maintenance contracts. Its main

competitors are Amey (Ferrovial group), Kier and Balfour Beatty. Eurovia UK also operates in conventional roadworks in

competition with Balfour Beatty Carillion and Tarmac (CRH Group), Aggregate Industries (LafargeHolcim), Hanson

(Heidelberg) and Conway.

CZECH REPUBLICEurovia CS is among the leaders in road and rail works. Its main competitors are

Skanska, Metrostav and Strabag.

NORTH AMERICAIn Canada, Eurovia is one of the major players in road infrastructure works in Quebec, Alberta and British Columbia through subsidiaries Eurovia Québec

Construction, Carmacks and BA Blacktop. Its main competitors are subsidiaries of Colas and LafargeHolcim, as well

as local companies.

In the United States, through subsidiaries Hubbard Construction and Blythe

Construction, Eurovia is a market leader in the south-east alongside Archer

Western Contractors (a Walsh Group subsidiary) and Lane Construction

(Salini Impregilo Group) for construction works and Preferred Materials

(CRH Group) for the manufacture and application of asphalt concrete.

Source: company literature.

VINCI ENERGIESFRANCE

VINCI Energies is the leader in a fragmented market in which the top six players account for only around

50% of the market.

Its main competitors are Engie Energie Services, Spie, Eiffage Énergie,

Bouygues Energies & Services and SNEF.

EUROPEVINCI Energies is a leading electrical

engineering and installation company. It ranks among the top players

in Germany, where it has a strong position (revenue of almost €2 billion

in 2017), Switzerland, Belgium, Netherlands, Portugal and Romania,

and now in Scandinavia (Sweden, Finland and Norway).

In the information and communication technologies sector, VINCI Energies operates mainly in

France, Germany, Netherlands, Portugal, Spain, Switzerland, Italy,

Sweden, United Kingdom, Belgium and Austria.

OUTSIDE EUROPEVINCI Energies operates in Africa,

where it is market leader in Morocco. It also operates in the Middle East,

Asia and South America.VINCI Energies has a solid foothold in

New Zealand and Australia.With the acquisition of PrimeLine Utility Services, VINCI Energies is

establishing a significant position in North America in energy transmission

and distribution.

Source: company literature.

VINCI CONSTRUCTIONFRANCE

VINCI Construction is the leader in a market estimated to be worth revenue of around €200 billion, ahead of Bouygues

Construction, Eiffage Construction, Fayat, NGE and Spie Batignolles. The remaining

market is divided among several medium-sized regional companies

(including Demathieu Bard and Léon Grosse) and a large number of

small contractors.

UNITED KINGDOMVINCI Construction UK is a company of significant size in the United Kingdom,

especially in the building and civil engineering sectors. Its main competitors

are Balfour Beatty, Kier, Laing O’Rourke and Interserve. The British market is

estimated to be worth revenue of around £150 billion.

CENTRAL EUROPEVINCI Construction operates in the

region through its medium-sized local subsidiaries, notably in Poland, the

Czech Republic and Slovakia. Its main competitors are Strabag, Skanska and Porr,

as well as Budimex in Poland and Metrostav in the Czech Republic.

AFRICAOperating in 21 countries, Sogea-Satom is

a major player in Central Africa, West Africa, Equatorial Africa and East Africa.

Its main competitors are European, Asian (particularly Chinese) and

African companies.

OCEANIABy acquiring HEB Construction in August 2015, VINCI Construction became a major

player in New Zealand’s infrastructure market. At the end of October 2017, VINCI Construction moved into the

Australian market with the acquisition of Seymour Whyte.

SPECIALIST MARKETSSoletanche Freyssinet operates

in specialist civil engineering markets all over the world. Its competitors include

Trevi, Bauer and Keller in special foundations, and VSL (a Bouygues subsidiary)

in prestressing and stay cable systems. Entrepose is a global operator in the design and construction of complex industrial projects in the oil, gas and

energy recovery sectors. Its main competitors include Saipem (ENI Group)

and CB&I.

Source: Euroconstruction, December 2017 (market size);company literature.

K E Y D ATA

V I N C I E N E R G I E S

Revenue by business activity(as a percentage)


Revenue (in €m)

Ebitda (1)





(in €m)



626 581627 615

2016

2016

2016

20162016

20162017

2017

2017

20172017

2017

10,759

361

5.8%

3,084700

5.7%10,200

326

6.1%

2,590420

5.7%

(1) Cash flows from operations before tax and financing costs.See glossary (page 333).(2) At 31 December.

Service sector 29% Industry 28% Infrastructure 25% Information and communication technologies 18%

France 51% Germany 17% Switzerland 4% Belgium 4% Netherlands 4% Rest of Europe 10% Africa 4% Rest of the world 6%

K E Y D ATA

E U R O V I A



Revenue (in €m)

Ebitda (1)





(in €m)



416

243

455 301

2016

2016

2016

2016 2016

20162017

2017

2017

2017 2017

2017

8,112

216

5.6%

229 877

3.7%7,585

160

5.5%

159 795

3.2%


Works 70% Industry 13% Quarries 9% Services 8%

France 57% Germany 10% United Kingdom 7% Central and Eastern Europe 11% Rest of Europe 2% United States 6% Canada 5% Central and South America 2%

K E Y D ATA

V I N C I C O N S T R U C T I O N



Revenue (in €m)

Ebitda (1)





(in €m)



539 330547 344

2016

2016

2016

2016 2016

20162017

2017

2017

2017 2017

2017

13,960

216

3.9%

948 387

2.5%13,681

194

3.9%

1,133 79

2.4%


Building 37% Specialist activities and complex projects 39% Civil and hydraulic engineering 24%

France 53% United Kingdom 11% Central and Eastern Europe 5% Rest of Europe 4% Americas 8% Africa 7% Asia and Russia 6% Rest of the world 6%

CONCESSIONS - vinci.com · Hounslow Borough road network(5) 432 km of roads and 735 km of pavements United Kingdom 50% 2037 Moscow–St Petersburg motorway ... Cambodia 13% France

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