VINCI

www.vinci.com
Tel: +33 1 47 16 35 00
Fax: +33 1 47 51 91 02
1 cours Ferdinand de Lesseps
92851 Rueil Malmaison Cedex - France

Jean-Yves Govin Sorel. Project management: Louis Vuitton Foundation. Architect: © Gehry Partners LLP and Frank O. Gehry (cover) – Luc Benevello – Jérôme Cabanel – Yves Chanoit – Augusto Da Silva/Graphix
Images – Stéphane Lavoué – Francis Vigouroux – Photo libraries of VINCI and subsidiaries. All rights reserved. Design and production: –13365 – Translation: Alto International – Printing: Arteprint.
 2015
ESSENTIALS
 WHO
WE ARE
OUR BUSINESS ACTIVITIES FOCUS
ON THE LONG TERM
WE ARE A MULTI-LOCAL
AND MULTI-CULTURAL GROUP
OUR GOAL IS ALL-ROUND
PERFORMANCE

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2015 ESSENTIALS
VINCI is a global player in concessions and construction,
employing more than 185,000 people in some
100 countries.

We design, finance, build and operate infrastructure and

facilities that help improve daily life and mobility for all.

Because we believe in all-round performance, above and

beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible
manner.

And because our projects are in the public interest, we

consider that reaching out to all our stakeholders and
engaging in dialogue with them is essential in the conduct
of our business activities.

Our goal is to build long-term value in this way for our

customers, shareholders, partners and employees, and for
society at large.

2014 REVENUE

€38.7 billion
2014 OPERATING INCOME FROM
ORDINARY ACTIVITIES

€3,642 million
NET INCOME ATTRIBUTABLE TO
OWNERS OF THE PARENT

€2,486 million
ORDER BOOK AT END 2014

€27.9 billion
MARKET CAPITALISATION
AT END 2014

€26.9 billion
 WHAT
WE DO
FOR COMPANIES
FOR LOCAL GOVERNMENT
FOR REGIONS
FOR END USERS

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2015 ESSENTIALS
CONCESSIONS
VINCI AUTOROUTES
We have 4,386 km of motorway under concession in
France. We invest in extending and upgrading this
network, which is used by more than 2 million customers
a day who receive a high quality of service.

VINCI AIRPORTS
We operate 23 airports in Portugal, France and Cambodia,
which together handle a total of almost 47 million
passengers a year. Our policy of proactive operation and
development of new routes, passenger traffic, retail and
services contributes to the sustainable development and
attractiveness of the regions where our airports are
located.

OTHER CONCESSIONS
We operate 20 road infrastructure assets all over the
world, comprising some 1,000 km of motorways, together
with almost 1,300 km of urban roads.

CONTRACTING
VINCI ENERGIES REVENUE 2014
We serve public authorities and business clients in around (in € millions)
50 countries, helping them to deploy, equip, operate and
optimise their energy, transport and communication VINCI AUTOROUTES
infrastructure, industrial facilities and buildings.
4,755
EUROVIA
VINCI AIRPORTS
We are a world leader in transport infrastructure works
(roads, motorways, rail and light rail systems), urban
development and services (road system management and
717
maintenance). We operate a network of quarries and OTHER CONCESSIONS
industrial production facilities (binder and coating plants).
351
VINCI CONSTRUCTION
VINCI ENERGIES
We are a major global player in construction, operating in
some 100 countries. We deliver a comprehensive array of
capabilities in building, civil engineering, hydraulic
9,309
engineering and contracting-related specialities (ground EUROVIA
technologies, structures, nuclear, oil and gas
infrastructure).
8,188
VINCI CONSTRUCTION

15,419
 WHAT
DRIVES US
IMPROVING DAILY LIFE
FACILITATING MOBILITY
RESPONDING TO PERFORMANCE AND
SAFETY CHALLENGES
CONTRIBUTING TO THE DEVELOPMENT
OF REGIONS

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2015 ESSENTIALS
TAKING FULL
ADVANTAGE
OF AIR TRAFFIC
GROWTH
In 2014, 46.8 million
passengers were handled
through the 23 airports
managed by VINCI Airports
in Portugal, Cambodia and
France. This represents
growth of 9.1% compared
with 2013, with record
performances set in
Portugal and Cambodia.
 PARTICIPATING
IN ECONOMIC
DEVELOPMENT
Under the first PPP won by
VINCI in the United States,
the contract to finance,
build, operate and
maintain a motorway link
between Indiana and
Kentucky includes the
construction of a cable-
stayed bridge spanning the
Ohio River. VINCI, in an
alliance with Walsh, brings
its expertise in concessions
along with the technical
know-how of its speciality
businesses.

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2015 ESSENTIALS
SAFEGUARDING
ELECTRICITY GRIDS
VINCI Energies teams are
working on improving the
reliability of eight 400 kV
transformers and
maintaining 863 km of very
high voltage transmission
lines serving Saudi Arabia,
Qatar, Bahrain, Kuwait and
the United Arab Emirates.
Monthly checks are
scheduled and full
inspections carried out
every two years.
 COORDINATING
A MONUMENTAL
WORKSITE
The confinement shelter
for the sarcophagus
of the nuclear reactor
at Chernobyl in Ukraine is
being built by the Novarka
consortium, lead by
VINCI Construction Grands
Projets. The project calls
on the VINCI Group’s
expertise in major
international projects.
In 2017, this colossal
arch-shaped structure
will cover the entire
sarcophagus and will
eventually make it safe
to dismantle the reactor.

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2015 ESSENTIALS
INNOVATING
FOR SAFETY AND
THE ENVIRONMENT
The 35 researchers at
Eurovia’s research and
development centre in
Mérignac, France, conduct
6,000 tests a year. Around
20 projects are initiated
every year, very often in
collaboration with
universities, international
institutions and industrial
companies.
The centre has so far filed
160 patents.
 MAKING
ENERGY ACCESSIBLE
In the Yamal Peninsula in
Russia, 400 km beyond the
polar circle, Entrepose and
VINCI Construction Grands
Projets are providing
engineering, equipment
supply, construction and
commissioning of four
liquefied natural gas tanks,
each with a capacity of
160,000 cubic metres.

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2015 ESSENTIALS
RAISING AWARENESS
OF RESPONSIBLE
DRIVING
In 2014, the VINCI
Autoroutes Foundation
for Responsible Driving
continued its work to
raise driver and general
public awareness to road
risks, particularly those
related to drowsiness
and inattentiveness.
Numerous operations
were organised during
the year, for example
encouraging drivers to
take a break at “siesta
spaces”.
 WHERE WE UNITED STATES
In Georgia, USA, Eurovia’s

OPERATE
subsidiary Hubbard
Construction is continuing
work on widening the
Northwest Corridor in Atlanta.
This extensive project involves
adding reversible express
lanes alongside the I-75 and
I-575 interstate highways.
OVER 100 COUNTRIES
2,100 COMPANIES

€38,703 M
REVENUE IN 2014
FRANCE
23,936
EUROPE (EXCL. FRANCE)
9,245
14 AMERICAS
1,888
15 AFRICA
1,718
2015 ESSENTIALS

RUSSIA, ASIA-PACIFIC
AND MIDDLE EAST
1,916

185,293
EMPLOYEES IN 2014
FRANCE
100,952
EUROPE (EXCL. FRANCE)
49,003 CHILE
AMERICAS The Escondida mine, the
11,481 biggest opencast copper mine
AFRICA
in the world, has awarded
VINCI Construction’s specialist
11,063 subsidiaries the contract to
RUSSIA, ASIA-PACIFIC build seawater intakes and
READ ABOUT
AND MIDDLE EAST outfalls. Delivery is scheduled
OTHER PROJECTS
12,794 ON VINCI.COM for first quarter 2016.
FRANCE
At the end of 2014, the
massive South Europe Atlantic
high-speed line project entered
into its rail works phase. VINCI
and its partners have until
mid-2016 to build 302 km of
two-track line between Tours
and Bordeaux.
EGYPT
At a site 250 km to the north of
Luxor, VINCI Construction
Grands Projets is building the
new Assiut Barrage under a
contract with the Egyptian
government. The dam will
regulate the route of the Nile
and provide irrigation and
electricity production.
In October 2014, the Louis
Vuitton Foundation designed
by the architect Frank Gehry
and built by VINCI and its
partners, was opened in Paris.
It was immediately
acknowledged as the new
trendsetter for contemporary
art and creation.
QATAR
In Doha, QDVC, the joint
subsidiary of Qatari Diar and
VINCI Construction Grands
Projets, is building the metro
line that will link the airport to
the city’s historic district of
Msheireb, as well as a 47 km
motorway on the outskirts of
the capital. QDVC is also
building the light rail system
for the new city of Lusail.
GERMANY
The entire section of the A9
that has been widened over
19 km and upgraded over
27.5 km to three-lane dual
carriageway was opened at
the end of 2014. Under a PPP,
VINCI Concessions financed
the work and will now provide
operation and maintenance
for 20 years.
CAMBODIA
VINCI Airports began
implementing an €80 million
investment programme in 2013
that will practically double
capacity at the airports of
Phnom Penh and Siem Reap,
near Angkor. By 2016, both
airports will be able to handle
5 million passengers a year.
 OUR COMMITMENTS
TO OUR PROJECT
STAKEHOLDERS
TO EARN THEIR CONFIDENCE AND
BUILD LONG-TERM RELATIONSHIPS

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2015 ESSENTIALS
CREATING COLLECTIVE VALUE
The performance of our companies is not
limited to their economic and financial
results. The projects that we take on are often
in the public interest and transform the cities
and regions where they are implemented. This
responsibility to our workforce, to society as a
whole and to the environment is embraced in
two complementary principles.

REDUCE THE ENVIRONMENTAL

IMPACT OF OUR PROJECTS AND
ENSURE THAT THE SOCIOECONOMIC
EFFECTS OF OUR ACTIVITIES ON
COMMUNITIES AND REGIONS ARE
LONG-LASTING

IMAGINE, IN CONJUNCTION WITH

THE STAKEHOLDERS IN OUR
­ACTIVITIES, THE MOST EFFICIENT
SOLUTIONS AGAINST THE BACKDROP
OF AN ECONOMY OF SCARCITY

Written into our Manifesto, these principles

form the foundation of our corporate social
responsibility approach and commit us to
entering into dialogue with all the stakeholders
involved in our business activities.

We promote outreach and consultation in

conducting our projects to ensure that our
partners are closely involved. CODE OF ETHICS AND
CONDUCT: DIRECT
We commit to total transparency on our RECIPIENTS WHO HAVE
ACKNOWLEDGED RECEIPT
practices and those of our subcontractors.

95.4%
 OUR COMMITMENTS
TO OUR EMPLOYEES
IN A SHARING APPROACH FOR THEIR SAFETY
AND EMPLOYABILITY

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2015 ESSENTIALS
SAFETY
We reject the idea that workplace accidents
are unavoidable and we commit to the zero
accidents objective by applying our health and
safety policy to everyone working at our
worksites and operations.

DIVERSITY AND EQUALITY TRAINING PROVIDED IN 2014

We commit to diversifying our supervisory
staff to include more women and people of
diverse origins through a policy that aims to
3.17 mhours
illion

combat all forms of discrimination in recruit-

ment and work relations. 23% 
in VINCI academies or
under other internal
SUSTAINABLE CAREERS programmes
We commit to proposing training and job
mobility opportunities for all our employees in
PERCENTAGE OF COMPANIES WITH NO
order to promote sustainable employability, LOST-TIME ACCIDENTS
while contributing to sharing the same
technical and managerial culture in order to
support our businesses’ evolution.

SHARING THE BENEFITS OF OUR

PERFORMANCE
We commit to ensuring that every VINCI
employee is given an opportunity, wherever 58% 69%
possible, to share in our economic success by in 2010 in 2014
adjusting to the legal and fiscal conditions of
all countries where we operate. PERCENTAGE OF WOMEN MANAGERS

20%
18%
15%

2015
2010 2014 target

PERCENTAGE OF VINCI EMPLOYEE

SHAREHOLDERS (IN 24 COUNTRIES)

34%
in 2004

60%
in 2014
 OUR COMMITMENTS
TO SOCIETY
TODAY AND TOMORROW

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2015 ESSENTIALS
CIVIC ENGAGEMENT
We commit to supporting the civic engage-
ment of our employees, especially through
the Group’s foundations around the world.
The foundations’ actions combine financial
support with the commitment of employees
who sponsor non-profit projects to aid access
to employment, housing and mobility.

GREEN GROWTH
We commit to reducing our greenhouse gas GREENHOUSE GAS EMISSIONS
emissions by 30% by 2020, to supporting our (IN TONNES OF CO2 EQUIVALENT)
customers in their quest for better energy
efficiency and to encouraging their adoption
of an environmentally responsible approach.
50
tCO2 eq.
We develop our own eco-design tools in liaison
2014 61 2020 target
with the scientific community, in particular tCO2 eq.

through a partnership with the three ParisTech

schools under the framework of the Eco-­ 71
tCO2 eq. 2009
design of Buildings and Infrastructure Chair.

We are continuing our work on addressing

urban issues through the Fabrique de la Cité
(the City Factory) think tank set up at VINCI’s SUMS COMMITTED TO PATRONAGE
AND CIVIC ENGAGEMENT
initiative.

€4 M €12 M
2008 2014

NUMBER OF ACTIVE PATENTS

WORLDWIDE

1,938
PATENTS
 OUR STRATEGY
FOR THE FUTURE
SUPPORT URBAN DEVELOPMENT
PREPARE FOR THE ENERGY
TRANSITION
ACCELERATE INTERNATIONAL
EXPANSION

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2015 ESSENTIALS
VINCI continues to rely on the excellent fit between its two
businesses, Concessions and Contracting (energy, roadworks,
construction), for developing its strategy. The Group’s main
focus will be on activities with strong value-creation
potential and parts of the world with high growth potential.

This strategy will lead VINCI to increase the share of the

Concessions business, which generates high and recurring
revenue. Particular attention will be paid to airports
and road and motorway infrastructure. The share of
this business may rise from 15% in 2014 to 20% looking
to the 2020s.

In the Contracting business, the main external growth

priority will be on the VINCI Energies business line,
continuing on from its major 2014 acquisitions of Imtech
ICT and Electrix, which alone represent annual revenue of
around €1 billion. In the other Contracting business lines,
VINCI will give development priority to highly technical
activities with global prospects, such as special
foundations, civil engineering structures, nuclear
technology and oil and gas infrastructure, together with
specialised activities such as rail works.

In all its business activities, VINCI intends to accelerate its

international expansion, in particular in Latin America,
South-East Asia and Oceania, together with the most
buoyant European markets. This strategic orientation
should increase revenue generated outside France to over
50% by around the 2020s.

In the long term, VINCI’s growth will be based on the

increased necessity to find solutions to mobility, urban
development and energy transition, which are central
to the Group’s expertise.

Cover photo
The Louis Vuitton Foundation, Paris.