Closing of the acquisition

VINCI acquired of Fernao,

a controlling stake inleading company
Edinburgh airport,inScotland
cybersecurity in Germany
(14.4 mpax andfreehold
in 2023, Switzerland
asset)
 This presentation may contain forward-looking objectives and statements about VINCI’s financial situation,
operating results, business activities and expansion strategy.

These objectives and statements are based on assumptions that are dependent upon significant risk and
uncertainty factors that may prove to be inexact. The information is valid only at the time of writing and VINCI
does not assume any obligation to update or revise the objectives on the basis of new information or future or
other events, subject to applicable regulations.

Additional information on the factors that could have an impact on VINCI’s financial results is contained in the
documents filed by the Group with the French securities regulator (AMF) and available on the Group’s website at
www.vinci.com or on request from its head office.

2
3
 Activity levels still buoyant in concessions (+7%) and energy (+5%)
VINCI Autoroutes: traffic stable in Q3 – revenue increase
VINCI Airports: strong summer demand – remarkable performance of recently-acquired airports
VINCI Highways: integration of Denver Northwest Parkway since mid-April 2024
VINCI Energies: sustained revenue growth – new all-time high order book
Cobra IS: activity levels remain well oriented – strong order book
VINCI Construction: activity levels stabilised at a high level – order intake well oriented

Order book at a high level

Good integration of the major acquisitions achieved since the beginning of the year

2024 guidance: details regarding in particular a potential change in the corporate tax of large companies in France

Next event: VINCI Energies Capital Markets Day on 22 November 2024

4
 Δ 2024/2023
in € million

Concessions* 3,562 3,297 +8.1% +5.4%

VINCI Autoroutes 1,950 1,884 +3.5% +3.5%

VINCI Airports 1,446 1,243 +16.3% +9.9%

VINCI Highways 111 100 +11.4% +5.0%

Other concessions** 54 *** 69 -21.7% -22.3%

VINCI Energies 4,979 4,765 +4.5% +3.3%

Cobra IS 1,594 1,627 -2.0% -2.9%
VINCI Construction 8,257 8,439 -2.2% -2.6%
VINCI Immobilier 236 277 -14.8% -14.8%
Eliminations (99) (133)
Total revenue* 18,529 18,272 +1.4% +0.3%
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium
*** Limited activity of VINCI Stadium in 2024 until mid-September due to the Paris 2024 Olympic and Paralympic Games

5
 Δ 2024/2023
in € million

Concessions* 8,900 8,295 +7.3% +5.6%

VINCI Autoroutes 5,029 4,855 +3.6% +3.6%

VINCI Airports 3,479 3,024 +15.0% +11.0%

VINCI Highways 295 261 +12.8% +6.3%

Other concessions** 97 *** 154 -37.2% -37.5%

VINCI Energies 14,530 13,887 +4.6% +3.5%

Cobra IS 4,900 4,688 +4.5% +3.9%
VINCI Construction 23,545 23,354 +0.8% +0.6%
VINCI Immobilier 741 836 -11.4% -11.4%
Eliminations (311) (422)
Total revenue* 52,305 50,637 +3.3% +2.5%
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium
*** Limited activity of VINCI Stadium in 2024 until mid-September due to the Paris 2024 Olympic and Paralympic Games

6
 *

9M 2024
€5,029 m €3,871 m €14,530 m €4,900 m €23,545 m €741 m
revenue

vs 9M 2023 +€174 m +€431 m +12.5% +€643 m +4.6% +€212 m, +4.5% +€191 m +0.8% €(95) m
o/w VINCI Airports:
+€455 m, +15.0%
Organic Scope FX Organic Scope FX Organic Scope FX
€52,305 m
Organic Scope FX
€50,637 m +0.8% (0.2)% +0.6% +0.4% (0.1)% (11.4)%
+1.2% (0.1)% +3.9%
+4.1% (0.0)% +3.5%
+3.6% +8.5%
+11.0% +4.0% (0.0)%

Total 9M 2024 VINCI Group revenue

€52,305 m
+€1,667 m
vs 9M 2023 +3.3% +2.5% +0.9% (0.1)%
Organic Scope FX

7 * VINCI Highways, VINCI Railways, VINCI Stadium

 9M 2024 revenue /
€22,537 m / 43% €29,768 m / 57%
Group contribution

vs 9M 2023 +€579 m +2.6% +€1,088 m +3.8%

Organic Scope Organic Scope FX

€52,305 m

€50,637 m +1.3% (0.2)%

+0.3% +2.7%
+2.4%

Total 9M 2024 VINCI Group revenue

€52,305 m
+€1,667 m
vs 9M 2023 +3.3% +2.5% +0.9% (0.1)%
Organic Scope FX

8
 Completion of the upgrade works of the Mougins
interchange on the A8 motorway near Cannes

9M 2024 Key takeaways

◼ Revenue: €5,029 m (+3.6% vs 9M 23)

◼ Traffic levels stable in Q3 24 (-0.1% vs Q3 23):

– LV -0.2%: after a good print in August, traffic adversely affected
by bad weather conditions in September*
– HV +0.6%, impacted by a positive calendar effect**

◼ Traffic levels in 9M 24: -0.6% vs 9M 23, decrease notably due to

the intermittent blockades during the first semester
– LV -0.5%
– HV -1.4%

* September 2023 benefitted from exceptional, summer-like weather across France at the end of the
month
9 ** 2 more business days in Q3 24 compared to Q3 23
 VINCI Autoroutes - Rolling twelve-month traffic over 10 years

9M 2024 VINCI Autoroutes traffic

CAGR Q3 2024/
130
Q3 2014 Total
125
HV +2.0% Δ 9M 2024/9M 2023 -0.6% -0.5% -1.4%
120

115
Total +1.3%
LV +1.2% Of which:
110 French GDP * +1.1%
105

100 ASF -0.8% -0.6% -1.8%

95

90 Escota +1.1% +1.0% +1.8%

85

80 Cofiroute -1.5% -1.5% -2.0%

Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 (Intercity network)
14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24

LV HV Total French GDP *

* Rolling twelve-month French GDP from Q2 14 to Q2 24 (as Q3 24 data was not yet available at the time of publication of this
10 presentation). Source INSEE (the national statistic bureau of France), dataset GDP (volumes chained at previous year prices)
 Acquisition of a controlling stake in Edinburgh airport,
Scotland (14.4 mpax in 2023, freehold asset)

9M 2024 Key takeaways

◼ Revenue: €3,479 m (+15% vs 9M 23, +11% lfl)
◼ Q3 traffic: +6% vs Q3 23, +4% vs Q3 19, above pre-covid levels
for the fourth consecutive quarter
◼ New record high passenger numbers in Portugal and Serbia
◼ Traffic in the United Kingdom above its pre-pandemic levels for
the first time in Q3
◼ Traffic in France is still down vs its pre-pandemic levels
◼ Firm traffic momentum in the recently-acquired airports
(Edinburgh, Budapest and Cabo Verde)
◼ In Japan, acceleration in the traffic upturn, now very close to its
pre-pandemic levels, due in particular to the resumption of routes
with China
◼ 9M Traffic: 240 mpax (+9% vs 9M 23, +2% vs 9M 19)
11
 Change in VINCI Airports monthly passenger numbers (vs. 2019)

40%

20% VINCI Airports +2.4%

Dominican
0%
Republic
+25%
-20% Portugal +16%
-40%
Mexico +13%
-60%
UK -4%
-80%
Japan -8%
-100%
France -13%
2020 2021 2022 2023 2024

VINCI Airports Aerodom (Dom. Rep.) OMA (Mexico) ANA (Portugal) UK Japan France

12
 Winning of a 30-year concession for the BR-040 highway,
nearly 600-km long (Brazil)

9M 2024 Key takeaways

◼ VINCI Highways revenue: €295 m (+12.8% vs 9M 23, +6.3% lfl)
– Integration of Denver Northwest Parkway since mid-April 2024

◼ VINCI Stadium revenue: €49 m (-57% vs 9M 23)

– Limited activity until mid-September due to the Paris 2024
Olympic and Paralympic Games

◼ Acquisition of an additional 8.6% stake in LISEA (concessionaire of

the high-speed railway link between Tours and Bordeaux) up to
42%. The transaction values LISEA at €1.9 bn (equity value @100%),
i.e. 2.4x the initial equity invested in the company.

* VINCI Highways, VINCI Railways, VINCI Stadium

13
 Acquisition of RH Marine and Bakker Sliedrecht, two Dutch
electrotechnical integrators in the maritime sector

9M 2024 Key takeaways

◼ 9M 24 revenue: €14,530 m (+4.6% actual, +3.5% lfl)
– France revenue up 2.8% (+2.2% lfl), despite high base for
comparison (strong 9M 23 notably against the backdrop of
the energy crisis). Q3 24 revenue up 3% (after +3% in Q2
and +2% in Q1)
– International revenue up 6.0% (+4.5% lfl). Buoyant activity
levels in most geographies, in particular Northern, Central
and Eastern Europe
◼ M&A: 21 acquisitions closed during 9M 2024 representing
around €480 m of additional revenue on a full-year basis (out Revenue change (vs 9M 23) and split by geographical area
of which Fernao* for €260 m)
◼ Order intake in 9M 24: €16.9 bn (+7% vs 9M 23) France
– Acceleration of order intake in Q3 24 (+14% vs Q3 23) +3%
International
– New all-time high order intake on a rolling twelve-month +6%
basis at the end of September (€22 bn)
◼ VINCI Energies’ CMD on 22 November 2024 (webcasted)
14 * The acquisition of Fernao, a leading cybersecurity company in Germany and Switzerland, has been closed
in late September 2024
 Construction of the 299 MW Poolbeg open cycle power plant
close to the seaport of Dublin (Ireland)

9M 2024 Key takeaways

◼ 9M 24 revenue: €4,900 m (+4.5% actual, +3.9% lfl), out of which
a slight drop in Q3 (-2%)
◼ Varying trends by geographies in 9M 2024:
– Spain revenue up 12% actual (+10% lfl), reflecting the solid
economic momentum currently in place in the country
– Revenue outside Spain down 2% actual (-1% lfl), due to the
phasing of several large EPC* projects in Brazil (T&D works)
and to a selective approach to new business in Latin America
as a whole. On the other hand, strong growth in Europe Revenue change (vs 9M 23) and split by geographical area
(excluding Spain) driven by its subsidiary Dragados Offshore
◼ Order intake in 9M 2024 at €7.0 bn, down 18% yoy due in Spain
particular to a high base for comparison** on large EPC projects +12%
Out of Spain
◼ Very high level of order book at €16.4 bn, up 10% yoy -2%
* Engineering, Procurement and Construction
** Contracts for windfarms energy converter platforms to be designed, built and installed in the North Sea
amounted to ~€2.5 bn of order intake in the first nine months 2024 vs ~€3.7 bn in the first nine months
15 2023 (it is also worth mentioning that the contract won for 50 Hertz announced in July 2024 has not been
booked yet).
 Two contracts worth ~€200 m to upgrade two strategic road
link infrastructure in Sydney and Melbourne (Australia)

9M 2024 Key takeaways

◼ 9M 24 revenue: €23,545 m (+0.8% actual, +0.6% lfl)
– France: revenue up 2.5%, driven by firm trend in roadworks and
networks (hydraulic and railway works), offsetting the phase down
of some projects related to the Grand Paris Express. Building
activity remains driven by rehabilitation works and construction
works related to public buildings (notably hospitals)
– International: revenue down 0.5% actual (-0.8% lfl). Activity
remains well oriented in the United Kingdom, the Americas and in
the Specialty Networks business line (Soletanche Freyssinet)
Sogea-Satom, on the other hand, recorded a strong revenue drop
Revenue change (vs 9M 23) and split by geographical area
in Africa (geopolitical turmoils in some countries)
◼ 9M 24 order intake at €24.4 bn, up 4% vs 9M 23
– Firm momentum in the United Kingdom, Oceania, North America France International
and in the Specialty Networks business line +3% -1%
– In France, order intake is fuelled by roadworks and networks
despite a slowdown in building
◼ Order book remains high at €33.7 bn at end-September (stable yoy)
16
 VINCI order intake at €48.4 bn, +1% yoy despite high comps at Cobra IS level

By business line (in € billion) By geographical area (in € billion)

47.8 48.4 47.8 48.4

41.1 8.5
*
7.0 41.1
6.5 18.7 18.1
15.9 16.9 16.3
13.3
19.9 20.5
15.1
21.3 23.4 24.4
9.7 9.2 9.8
9M 22 9M 23 9M 24 9M 22 9M 23 9M 24

VINCI Construction VINCI Energies Cobra IS International excluding Europe

France Europe excluding France

* Contracts for windfarms energy converter platforms to be designed, built and installed in the North Sea amounted to
~€2.5 bn of order intake in the first nine months 2024 vs ~€3.7 bn in the first nine months 2023 (it is also worth mentioning
17 that the contract won for 50 Hertz announced in July 2024 has not been booked yet).
 International accounts for 68% of the order book, of which: • Europe excl. France: 45%
• Rest of world: 24%

By business line (in € billion) By geographical area (in € billion)

66.8 13.7 66.8

63.3 61.4 63.3 61.4
16.4 29.3
14.9 14.4 21.2
20.1 20.0
16.7 10.1
14.7 14.3
26.1 25.6 29.7

33.6 32.7 33.7 12.8

17.1 15.8 15.9

September 2023 December 2023 September 2024 September 2023 December 2023 September 2024

VINCI Construction VINCI Energies Cobra IS International excluding Europe

Europe excluding France France

18
 Inauguration of a Student Factory residence (130 units)
following an urban recycling operation in Nancy's historic
downtown district
9M 2024 Key takeaways
◼ 9M 24 consolidated revenue: €741 m (-11% vs 9M 23)
– Difficulties remain in the real estate sector in France, in both
residential and non-residential markets
◼ Housing reservations in France up 29% vs 9M 23 to 3,247 units,
thanks to bulk sales
◼ Positive signal: confirmation of lower interest rates

19
 Solid credit rating
Substantial liquidity and solid credit rating A- Outlook stable
Confirmed for VINCI in July 2024
High level of liquidity
18.6
1…
A3 Outlook stable
Confirmed for VINCI in June 2024
-1.5
8.0 6.5 *
Financial operations in good conditions
Data in € billion

In H1 2024, VINCI SA has issued €1.2 bn of debt through 7 private placements

bearing an average maturity of 3.1 years and carrying an average annual yield
of 3.36%.
-0.5 Jan. 2024: ASF has reimbursed a €600 m bond.
10.6 10.1
July 2024: Aerodom successfully refinanced its existing bonds (~$300 m at 30
June 2024) with a new $900 m financing including i/ a $500 m bond (10-year
maturity, annual coupon of 7.0%) and ii/ a $400 m bank term loan (5-year
maturity, variable rate at SOFR + 300 bps)
Net cash managed
Unused confirmed bank credit facility
October 2024: London Gatwick airport issued a €750 m sustainability-linked
bond (due to mature in October 2033, annual coupon of 3.625%)
20 *Considering the high level of the Group’s available cash, the bank credit facility
borne by VINCI SA had been reduced
 VINCI Autoroutes: traffic levels close to VINCI Energies: VINCI Construction:
those of 2023 ▪ Further organic revenue growth but lower than in 2023 ▪ Business levels at least equal to those
▪ Operating margin slightly higher than in 2023 (7.0%) of 2023
VINCI Airports: ▪ Further improvement in the operating
Cobra IS:
▪ Passenger numbers in excess of their margin
▪ Further revenue growth
2019 levels, with variations between
▪ Operating margin higher than in 2023 (7.5%)
airports and geographies
Renewable energy portfolio: total capacity - in operation
or under construction - of around 3.5 GW by the end of the
year (around +1.5 GW vs 2023 year-end)
▪ Barring any event not yet known, the Group expects its total revenue to rise again in 2024 - although growth is likely to be more limited than in 2023 -
along with an increase in its operating earnings
▪ Net income in 2024 was previously indicated to be close to its level achieved in 2023, as a consequence of the new tax on long-distance transport
infrastructure introduced by the French government, the impact of which has been estimated at around €280 million
▪ The latter guidance does not take into account the negative impact on the Group’s net income of the introduction – currently being examined
by Parliament - of an exceptional corporate income tax surcharge applicable on the French profits of large companies. In a first approach, this
surcharge would represent an additional charge of around €400 million for 2024 (to be paid in 2025)
21
 June 2024: closing of the acquisition of a 50.01%
stake in Edinburgh airport (14.4 mpax in 2023, October 2024: acquisition by VINCI Concessions of a
freehold asset) in Scotland for £1.3 bn* further 8.6% stake in LISEA (concessionaire of the
high-speed railway link between Tours and Bordeaux
June 2024: closing of the acquisition of a 20% stake in France), bringing its total stake to 42.0%.
in the Budapest airport concession company in
Hungary for ~€600 m*, making VINCI Airports the
platform operator (14.7 mpax in 2023)

April 2024: closing of the acquisition of Denver’s

Northwest Parkway, a 14-km toll road concession in
Colorado (United States) lasting until 2106 for approx.
$1.2 bn (equity value at 100%)
September 2024: signing of the acquisition of a 51%
stake in the concession company for the SH1
motorway near Hyderabad (India) lasting until 2041
for ~€40 m (equity value at 51%)
September 2024: winning of the 30-year concession
of the BR-040 highway, a nearly 600-km long toll
road between Belo Horizonte and Cristalina (Brazil)
22 * Equity value at 50.01%
** Equity value at 20%
 June 2024: acquisition of two roadworks and materials
9M 2024: 20 bolt-on acquisitions completed production companies in North America (~€150 m of full-year
( ~ €220 m of full-year revenue) revenue):
September 2024: Closing of the acquisition of Fernao, • Newport Construction in New Hampshire and
leading company in cybersecurity in Germany and Massachusetts (US)
Switzerland (~260 m of full-year revenue) • Entreprises Marchand & Frères (EMF) in Quebec
October 2024: acquisition of RH Marine and Bakker (Canada)
Sliedrecht, two Dutch electrotechnical integrators in the July 2024: acquisition by Nuvia, subsidiary of
maritime sector (~160 m of full-year revenue in total) VINCI Construction specialised in industrial services, notably
in the nuclear sector, of MBO Groupe in France (~€85 m of
full-year revenue)

23
24
25
26
 Δ 2024/2023
in € million

Concessions* 5,337 4,998 +6.8% +5.8%

VINCI Autoroutes 3,079 2,971 +3.6% +3.6%

VINCI Airports 2,033 1,781 +14.1% +11.8%

VINCI Highways 183 161 +13.7% +7.1%

Other concessions** 43 85 -49.8% -49.9%

VINCI Energies 9,551 9,122 +4.7% +3.6%

Cobra IS 3,306 3,061 +8.0% +7.5%
VINCI Construction 15,288 14,914 +2.5% +2.4%
VINCI Immobilier 506 560 -9.7% -9.7%
Eliminations (212) (290)
Total revenue* 33,775 32,365 +4.4% +3.8%
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium

27
 €14.9 bn €10.8 bn
+3% +13%
€2.3 bn
+0.5% €1.3 bn
+6%

€1.9 bn
-6% €1.9 bn
-4%

€0.6 bn
-22%

H1 2024/H1 2023 change

Contribution to H1 2024 revenue
H1 2024/H1 2023 change
28
 Δ 2024/2023
in € million

Concessions* 3,316 3,238 +2.4% +2.4%

VINCI Autoroutes 3,079 2,971 +3.6% +3.6%

VINCI Airports 197 183 +8.0% +8.0%

Other concessions** 40 84 -51.9% -51.9%

VINCI Energies 4,101 3,990 +2.8% +2.3%

Cobra IS 24 22 +5.9% +5.9%
VINCI Construction 7,090 6,824 +3.9% +3.9%
VINCI Immobilier 489 553 -11.6% -11.6%
Eliminations (165) (249)
Total revenue* 14,855 14,379 +3.3% +3.2%
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium

29
 Δ 2024/2023
in € million

Concessions* 2,021 1,761 +14.8% +11.8%

VINCI Airports 1,835 1,598 +14.8% +12.2%

VINCI Highways 183 161 +13.7% +7.1%

Other concessions** 2 1 n.s. n.s.

VINCI Energies 5,450 5,131 +6.2% +4.6%

Cobra IS 3,283 3,039 +8.0% +7.5%
VINCI Construction 8,198 8,090 +1.3% +1.1%
VINCI Immobilier 17 6 n.s. n.s.
Eliminations (47) (41)
Total revenue* 18,920 17,987 +5.2% +4.3%
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium

30
 (in € million) H1 2024 H1 2023 Δ 2024/2023 Δ (€m)
Operating income from ordinary activities (Ebit) 3,871 3,549 +9.1% +322
% of revenue 11.5% 11.0%
Share-based payment expense (IFRS 2) (314) (260)
Profit/loss of equity-accounted cos. & miscellaneous 155 104
Recurring operating income 3,712 3,393 +9.4% +318
1
Non-recurring operating items (72) 17
Operating income 3,640 3,410 +6.7% +230
2
Cost of net financial debt (554) (340)
Other financial income and expense 3 (44) (16)
Income tax (874) (816)
Non-controlling interests (172) (148)
Net income attributable to owners of the parent 1,995 2,089 -4.5% -94
Diluted earnings per share (in €) 3.46 3.65 -5.4% -0.20
(1) Of which €(50) million due to the upward revision of the earn-out owed to ACS in the frame of the development of renewable energy assets by Cobra IS (nil in H1 23)
(2) Including the non-recurring positive impact of €167 million linked to the restructuring of the acquisition debt of London Gatwick in H1 23
31 (3) Of which changes in fair value of ADP shares owned by the Group (€(29) million in H1 24, €50 million in H1 23)
 in € million

Concessions 3,586 67.2% 3,472 69.5% +114

1
o/w VINCI Autoroutes 2,228 72.4% 2,280 76.7% -52

o/w VINCI Airports 1,264 62.2% 1,083 60.8% +181

o/w VINCI Highways 92 50.4% 80 49.7% +12

VINCI Energies 795 8.3% 726 8.0% +69

Cobra IS 328 9.9% 297 9.7% +31

VINCI Construction 651 4.3% 602 4.0% +49

VINCI Immobilier 2 0.3% (0) (0.1%) +2

Holding companies 311 212 +99

Ebitda 5,673 16.8% 5,309 16.4% +364

* Excluding concession subsidiaries’ construction work done by non-Group companies
(1) Of which the impact of the new tax on long-distance transport infrastructure: €(120) million in H1 24

32
 VINCI Group Ebitda: €5,673 million (+364 vs H1 23)
Ebitda margin: 16.8% (+40 bp vs H1 23)

-52
2,280 2,228 +181

1,264
1,083 +69
+49
795
726
76.7% 72.4% 651
+31 602
62.2%
60.8%
8.3% 297 328
8.0% 4.3% +2
4.0%
9.7% 9.9%
(0) 2
(0.1)% 0.3%

(Ebitda in € million and Ebitda margin as % of revenue)

33
 in € million

Concessions 2,575 48.2% 2,447 49.0% +128

VINCI Autoroutes 1,543 1 50.1% 1,640 55.2% -97

VINCI Airports 1,007 49.6% 780 43.8% +227

VINCI Highways 42 23.0% 22 13.6% +20

Other concessions** (17) 5 -22

VINCI Energies 671 7.0% 623 6.8% +48

Cobra IS 257 7.8% 230 7.5% +27
VINCI Construction 324 2.1% 299 2.0% +25
VINCI Immobilier (16) (3.2%) (16) (2.8%) -0
Holding companies 60 (34) +94
Ebit 3,871 11.5% 3,549 11.0% +322
* Excluding concession subsidiaries’ construction work done by non-Group companies
** VINCI Railways and VINCI Stadium
(1) Of which the impact of the new tax on long-distance transport infrastructure: €(120) million in H1 24
34
 VINCI Group Ebit: €3,871 million (+322 vs H1 23, ie +9.1%)
Ebit margin: 11.5% (+50 bp vs H1 23)

-97
+227
1,640
1,543 1,007
+48
780
671
623
+25
55.2% 50.1% 49.6% +27
43.8% 299 324
6.8% 7.0% 230 257
*
-
* 2.1%
7.5% 7.8% 2.0%
(16) (16)

(2.8)% (3.2)%

35 (Ebit in € million and Ebit margin as % of revenue)

* Not representative of the full-year performance due to construction business seasonality
 in € million

Ebitda 5,673 5,309 11,964

Change in WCR* and current provisions (1,314) (1,952) 1,463
Income taxes paid (962) (1,202) (2,288)
1
Net interest paid (593) (313) 1 (802)
Dividends received from companies accounted for under the equity method 72 66 110
Cash flows from operating activities (excl. other long-term advances) 2,875 1,907 10,447
Operating CAPEX (net of disposals and other long-term advances) (1,389) (747) (2,010)
Repayment of lease debt and associated financial expense (351) (316) (679)
Operating cash flow 1,136 844 7,758
o/w Concessions 1,916 2,159 4,741
o/w VINCI Energies 62 (27) 1,362
o/w Cobra IS 20 (118) 75
o/w VINCI Construction (1,129) (1,198) 1,183
Growth CAPEX in concessions & PPPs (774) (583) (1,130)
Free cash flow (after CAPEX) 361 261 6,628
* Working Capital Requirement
(1) Of which non-recurring positive impact of 167 million euros linked to the restructuring of the acquisition debt of LGW in H1 2023
36
 in € million

Free cash flow (after CAPEX) 361 261 6,628

Net financial investments and other cash flows* (5,656) (651) (974)
Cash flow before movements in share capital (5,295) (389) 5,655
Share capital increases and other operations 444 573 707
Dividends (incl. to non-controlling interests) (2,259) (1,839) (2,481)
Share buy backs (713) (251) (397)
Net cash flow for the period (7,822) (1,906) 3,484
Consolidation impacts and others 583 (468) (1,074)
Change in net financial debt (7,240) (2,374) 2,410

* Other cash flows = dividend received from unconsolidated companies

37
 7,000

6,000

5,000

4,000
in € million

3,000

2,000

1,000

-1,000
H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1 FY H1
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024

Full-year FCF H1 FCF

… but free cash flow is mainly generated in H2

38
 in € million

Concessions 169 77 +92 229

VINCI Autoroutes 14 11 +3 21
VINCI Airports* 143 62 +82 201
Other concessions** 12 5 +7 7
VINCI Energies 125 131 -5 277
1
Cobra IS 704 126 +578 625
VINCI Construction 451 470 -19 1,010
VINCI Immobilier and holdings 5 10 -6 17
Purchases of tangible and intangible assets 1,454 814 +640 2,158
Proceeds from disposals of tangible and intangible assets (65) (67) +2 (148)
Operating CAPEX (net of disposals and other long-term advances) 1,389 747 +642 2,010
* Including London Gatwick capex (€96 million in H1 24, €39 million in H1 23, €149 million euros in 2023)
** VINCI Highways, VINCI Railways and VINCI Stadium

(1) Of which capex related to renewable energy projects: €0.3 billion in H1 24, €0.1 billion in H1 23, €0.4 billion euros in FY 23

39
 in € million

Concessions 581 510 +71 1,033

VINCI Autoroutes 336 288 +49 585
Of which: ASF 161 102 +59 209

Escota 107 73 +34 177

Cofiroute 65 107 -43 190

VINCI Airports 273 187 +86 391

Other concessions* (27) 36 -63 57

VINCI Energies (1) (0) -1 (1)
Cobra IS 185 75 +110 127
VINCI Construction 9 (2) +11 (29)
Net growth CAPEX in concessions and PPPs 774 583 +192 1,130

* VINCI Highways, VINCI Railways and VINCI Stadium

40
 Δ 30 Jun. 24
/ 30 Jun. 23
Non-current assets – Concessions 50,292 43,955 44,091 +6,201
Non-current assets – Energy, Construction and misc. 25,032 24,074 23,127 +1,905
WCR, provisions and other current assets & liabilities (13,760) (15,176) (10,952) -2,808
Capital employed 61,565 52,853 56,266 +5,298
Equity (33,222) (32,040) (30,849) -2,374
O/w minority interests (4,623) (3,928) (3,819) -803

Lease debt (2,376) (2,247) (2,143) -233

Non-current provisions and misc. long-term liabilities (2,600) (2,439) (2,364) -236
Long-term resources (38,198) (36,727) (35,356) -2,843
Gross financial debt (31,874) (29,298) (28,873) -3,000
Net cash managed 8,508 13,172 7,963 +545
Net financial debt (23,366) (16,126) (20,910) -2,456

41
 (23.4)
Free cash flow: €361 m
vs €261 m in H1 2023 Dividends/Share
(16.1) buyback &
miscellaneous
Acquisitions / (1.9)
Disposals
Capex 1
Interests & taxes (5.7)
EBITDA (2.5)
Δ Working capital paid
5.7 requirement (1.5)
(1.3)

Net financial debt Net financial debt

at 31 Dec. 2023 Concessions Energy + Construction + Real Estate at 30 June 2024

Reminder H1 2023 5.3 (2.0) (1.4) (1.6) (0.7) (2.0)

42 (1) Capex net of disposals and other long-term advances

 Of which Of which Of which
in € million external external external
net debt net debt net debt
Concessions (31,622) (20,249) (28,734) (18,761) (29,967) (19,436)
VINCI Autoroutes (16,102) (11,611) (16,533) (12,323) (16,374) (12,381)

VINCI Airports (10,954) (7,538) (8,781) (5,551) (9,434) (6,246)

VINCI Highways (1,966) (1,113) (2,348) (882) (2,332) (868)

Other concessions* (2,599) 13 (1,073) (5) (1,828) 59

VINCI Energies 49 465 296 529 (461) 473

Cobra IS 293 293 403 403 334 334
VINCI Construction 2,298 1,949 4,160 2,158 1,789 1,778
Holding cos & VINCI Immobilier 5,615 (5,824) 7,749 (456) 7,395 (4,059)

Net financial debt (23,366) (23,366) (16,126) (16,126) (20,910) (20,910)

of which gross financial debt (31,874) (29,298) (28,873)
of which net cash managed 8,508 13,172 7,963

* VINCI Railways, VINCI Stadium and VINCI Concessions Holding

43
 Optimising the average cost of debt in a challenging environment

Breakdown of debt by currency Cost of gross financial debt over the past 5 years
(closing rate)

22% Dec23

61% 30 June
£ Dec20 Dec21
Dec22

2024
€ 7% $
Dec23
3% MXN Dec22
2% PEN Dec20 Dec21

5% other currencies
Dec23
Dec22
Dec20 Dec21

Dec23
Dec22
Dec20
Dec21

Dec23
* Dec22

Dec20 Dec21
44 * Weighted average rates based on all other currencies (including MXN and PEN)
 5,000

4,500

4,000

3,500

3,000
€ million

2,500

2,000

1,500

1,000

500

Holdings & misc. Groupe ASF Cofiroute Arcour Arcos VINCI Airports Other concessions

* Concessions: 6.8 years - Holdings and other divisions: 4.7 years

45
 Nominal amount in € million 704 2,860 4,354 3,120 3,171 2,810

Average rate* 6.81% 3.41% 5.11% 3.82% 4.80% 4.89%

* After hedging

46
 Net cash non representative of year-end position due
to the FCF seasonality inherent to VINCI’s businesses
Gross financial debt breakdown between fixed and floating rates
(in € billion)
31.9
28.6 29.3
27.9 27.8
16.2
11.3 14.5
16.2 16.3
51%
41% 50% 12.0
58% 57%
*
10.2 12.3
5.9 7.9
16.4 14.8 15.7
11.8 12.3
59% 13.2
10.0 9.0 9.2 50% 49%
42% 43% 8.5

Floating rate & inflation linked debt Group Ebitda Fixed rate debt Net cash managed

47 * Rolling twelve-month Ebitda

 At the end of June 2024

Solar PV Brazil Solar PV

100% 95% 100%

Spain Brazil
66% 34%

Portugal
5%

FY 22 FY 23 FY 22 FY 23 H1 24 H2 24+

48 * Estimated amount
49
 A sustainable economic project is impossible
without an ambitious social, workforce-related
and environmental commitment.

50
 Optimise resources thanks Preserve
Act for the climate
to circular economy natural environments

Scopes 1 & 2 emissions in 2023 of recycled materials Towards (over 56 in total) using zero
recycled materials out of VINCI Construction total annual phytosanitary products for
GHG emissions production in 2023
produced by VINCI Airports
vs 2018 (scope 1 & 2) loss of
VINCI Construction
GHG emissions in 2023 vs 2018 biodiversity
(scopes 1 & 2, adjusted for the
impact of acquisitions) reclaimed asphalt
phytosanitary products used by
GHG emissions vs reclaimed asphalt mix from VINCI Autoroutes reused
the concessions activities
2019 (scope 3) of electricity mix from VINCI on its own worksites in 2023
in 2023 vs 2018
consumption from renewable Autoroutes reused
sources in 2023 on its own worksites commitments
(41% excluding Cobra IS vs 38% in 2022)
Only
low carbon with zero waste to
land take for VINCI Immobilier
concrete used
to landfill for all
landfill at VINCI Concessions Zero net loss operations in France in 2023
by VINCI Scope 3 emissions in 2023 of natural land
Construction concessions
for VINCI
low carbon concrete of VINCI Immobilier Immobilier
used by VINCI Construction of VINCI Immobilier revenue generated through land revenues from environmentally
Buildings division in France in France accredited projects in 2023
revenue from urban recycling operations in 2023
in 2023
recycling operations

51
 of eligible revenue

of aligned revenue

2023 2022 2021 2020

Transparency score: 98%
CDP Climate A- A A A-
CDP Water Security B B B B
CDP Forest C C C C

airports achieved Net Zero

« Best in class » in 2023
(in heavy construction sector) emissions for Scopes 1 and 2

52
 More than
long-term unemployed female managers in 2023 hours of training provided of all employees can
of companies without lost- (vs 18.5% in 2016) subscribe to an employee
people supported in 2023 in 2023
time occupational accidents share ownership
on integration programmes
programme

workplace accident of women sitting on the permanent job contracts

high-school students to be severity rate management committees of paid by the group to
welcomed on the Group companies in 2023 employee share ownership,
orientation section of (vs 8.6% in 2018) incentive, profit-sharing
Give Me Five programme
and collective retirement
lost-time workplace young people under 25 plans in France
accident frequency rate years old recruited
of funding provided to non- (constant decrease over the Increase to
profits by the Group’s last 10 years)
by 2030 the proportion of
foundations women on management
(€64 m since 2002) committees and in people recruited worldwide
training hours in health managerial positions
and safety

53
 Group revenue countries where Est. number of Est. number of Est. number market cap. at
(incl. holdings) VINCI operates business units employees of contracts 31 December 2023

Revenue
Est. number
of employees

VINCI Autoroutes VINCI Concessions* VINCI Energies Cobra IS VINCI Construction VINCI Immobilier

* VINCI Airports, VINCI Highways, VINCI Railways and VINCI Stadium

54
 5% 14%
4%
5%
4% 6%
3%
43%
4%
20%
62%

30%

2013 Revenue CAGR 2013/2023 2023 Revenue

€25.1 bn +1.7% €29.6 bn

€15.2 bn +9.9% €39.2 bn

France Central and Eastern Europe Asia/Middle East/Oceania

Western Europe (ex. France) Africa Americas

55
 1% 2% -1%
14%
5% 16% 6%
46% 9% 15%
Revenue 14% Ebitda ROI*
7%
€68.8 bn €12.0 bn €8.2 bn
39% 41%
23% 26%
9% 28% VINCI Autoroutes
VINCI Concessions
VINCI Energies
Cobra IS
VINCI Construction
1% 6% 1% 4%
17% -1% 18% 8% 9% VINCI Immobilier & holdings
6%

18% Net income Free cash Capital

21% employed
€4.7 bn flow
35%
43% €6.6 bn 41% 43% €52.9 bn
16% 15%

56 * Recurring operating income

 €0.3 bn / 2%
€1.9 bn / 16%

€2.3 bn / 19% +€2.3 bn

*
+€2.7 bn
€4.7 bn / 39% +€2.1 bn
€0.2 bn / 6% ***
€2.4 bn / 59% €2.8 bn / 23% +€0.8 bn
€1.1 bn / 28%
€0.2 bn / 6%
€0.1 bn / 2%
+€0.1 bn
2006 PF - VA 206 PF - Autres 2023 - VA 2023 - Autres

VINCI Autoroutes VINCI Airports & other concessions Energy (VINCI Energies + Cobra IS) VINCI Construction Other (real estate, holdings and VINCI Park **)

* 2006 pro forma Ebitda figures as published in the presentation of the 2006 full year results,
i.e. including the contribution of ASF/Escota xxx (took over on 10 March 2006) over the full year
57 ** VINCI Park was disposed of in 2014
*** Of which VINCI Airports: €2.5 bn / 21%
 Order intake breakdown by division and Noteworthy contracts awarded to VINCI
granularity in 2023
VINCI Energies
FY FY Change -Inelfe: two onshore converter stations for a new electrical interconnection between France
and Spain
In € billion 2023 2022 23/22
-First section of Line 15 West (France): electromechanical installations
VINCI Energies 20.9 17.9 +17% -Senelec: energy transmission and distribution facilities in Senegal
Order intake < €5 m 17.5 15.9 +10% Cobra IS
Order intake > €5 m 3.5 2.0 +73% -HVDC converter platforms (Balwin 1 & 2): two 2-GW converter paltforms for Amprion
-HVDC converter platforms (Lanwin 2 & 4, Balwin 3): three 2-GW converter platforms for
Cobra IS 10.3 8.0 +29% TenneT
Order intake < €50 m 5.2 4.4 +17% -HV transmission lines (Brazil): two design-build contracts for 1,600 km transmission lines
Order intake > €50 m 5.1 3.6 +44% VINCI Construction
-First section of Line 15 West (Grand Paris Express)
VINCI Construction 30.6 29.8 +3% -LNG works package 2 for TotalEnergies (Papua New Guinea)
Order intake < €50 m 25.9 24.0 +8% -Northern bypass of the city of Presov (Slovakia)
Order intake > €50 m 4.8 5.8 -17% -New wastewater treatment plan in Nice (France)
-Infrastructure for Meridian Water (UK): urban regeneration project in the Greater London
-Future police station in the city of Nice (France)
Group total 61.9 55.7 +11%
-Two major road projects in Australia
-Modernisation of a dam near Brisbane (Australia)
-LNG tank in the Netherland
-Contract to recover excavated materials from the Lyon-Turin tunnel (France)
58
 *

is net operating income after tax excluding non-recurring items (NOPAT), divided by
the average capital employed between the opening and closing balance sheet positions for the financial year in question

is net income for the current period attributable to owners of the parent, divided by equity excluding
non controlling interests at the previous year end

59 * The decrease in ROE in 2023 compared with 2022 is mainly due to the sharp increase of financial costs
 Long cycles/significant equity Short cycles/low equity
investments/capital employed intensity investments

⁃Extension of average maturity of the concessions portfolio ⁃Prioritise margin over revenue growth
⁃Strengthening of the Group’s footprint in mobility ⁃Rigorous risk monitoring/Selective approach to new projects
infrastructures (motorways, airports) ⁃Focus on high value-added segments, in particular in the
⁃Step up in the renewable energy market energy sector
(solar PV and onshore wind) ⁃Geographic diversification on selected markets

▪
▪
60

7
 Rest of the World
Rest of Europe

14.7% Shareholding structure*

4.8% Individual investors
10.7%
▪ More than 1,000
United Kingdom
16.6%
institutional investors
Institutional
Employees ▪ ~166,000 Group employees
investors 10.2%
73.2% and former employees are
2.8% Qatar Holding LLC shareholders, including
3.1% Treasury shares approximately 38,000
North America 23.0%
14.1% outside France

France

* Based on available information

61
 2024 interim dividend per share
15 October 2024 Ex-date
(all-cash) 17 October 2024 Payment date

4.50
4.00

3.05 *
2.90
2.67 Total dividend (–) interim dividend
2.45
2.22 2.10 2.04 2.04
1.84 Interim dividend

Special dividend linked to the disposal

of VINCI Park
0.79 1.00 1.05 1.05
0.55 0.57 0.63 0.69 0.75 0.65

* The 2019 dividend initially proposed in February 2020 was €3.05 per share: it was finally cut to €2.04 per share in Spring 2020 due to the Covid-19 pandemic

62
63
 Revenue (€bn) Ebitda margin

4%
11% France
Portugal
11%
€10.9 bn UK
10% 64% Americas
RoW

64
 6%

65 = % of the division’s 2023 revenue

 1,800

1,600

1,400

1,200
VINCI Airports
1,000
(incl. London Gatwick)
800

600
VINCI Autoroutes
400

200

* Forecast as of 30 June 2024 and including fully consolidated assets only. Capex related to Edinburgh airport (whose acquisition has been closed on 25 June 2024) not included.

66
 Portugal (ANA) 32,365 +5.2% +17.9%
o/w Lisbon 16,718 +5.3% +14.4%
United Kingdom 30,378 +9.4% (6.1)%
o/w London Gatwick 19,917 +7.7% (10.4)%
Mexico 12,368 (1.8)% +11.6%
o/w Monterrey 6,090 (0.2)% +15.2%
France 8,939 +7.8% (10.5)%
o/w ADL (Lyon) 5,051 +5.9% (11.3)%
Cambodia 2,317 +18.1% (38.7)%
USA* 3,483 +6.2% +4.3%
Brazil 5,739 +3.1% (2.7)%
Serbia 3,716 +13.1% +42.3%
Dominican republic 3,539 +10.0% +25.4%
Cabo Verde 1,406 +16.3% +4.7%

104,249 +6.5% +3.6%

Japan (40%) 23,301 +24.3% (9.1)%
Chile (40%) 12,785 +14.8% +1.6%
Hungary (20%) 7,860 +17.6% +6.5%
Costa Rica (45%) 1,169 +25.8% +58.1%
Rennes-Dinard (49%) 244 (21.6)% (47.3)%

45,359 +20.0% (3.1)%

149,608 +10.2% +1.5%

67
* Traffic data excluding Orlando Sanford Airport which has been
removed from the VINCI Airports network from 29 February 2024.
** Including 100% of equity-accounted companies traffic on a full period
68
 4,443 km approx. 50% >35%
under concession of conceded French of total motorway
toll roads network in France

(1)

ASF Cofiroute End of concession Apr. 2036 Feb. 2032 Jun. 2034 Dec. 2086 Dec. 2070 Jan. 2070
ESCOTA A19-Arcour
A355: Arcos: Western Network size 2,737 km 471 km 1,100 km 11 km 101 km 24 km
Strasbourg bypass

69 (1) Toll tunnel connecting Rueil-Malmaison to Versailles and Vélizy

 Contractual framework of toll increases (LVs)

Cofiroute
ASF Escota
Intercity Network

2024* 2.71% 2.71% 2.71%

After 2024 70% x i 70% x i 70% x i

i = Consumer price index excl. tobacco products at end October Y-1

* Applied on 1 February 2024

The amendment to the ASF concession contract, regarding the financing of the Montpellier Western bypass project, was approved by
decree and published in the Journal Officiel on 29 December 2023. The 6.5 km section, costing around 270 million euros, will link the
A750 and A709 motorways, and will help to reduce traffic congestion in the city. It will be financed by additional tariff increases
applied to the toll gates around this new infrastructure

70
71
 platforms in

countries

(*) As of 30 June 2024

72
 267
255

210
195
157
132

77 86
69
47

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

1 Data at 100% irrespective of percentage held

Data include airport passenger numbers on a full-year basis

73
 3.9

2.6 2.7

1.0 1.2
55.7% 59.0% 63.2%
32.4%
14.7%

Revenue (€bn) Ebitda margin

UK (100% Gatwick + Belfast)

3% 8% 2% 7%
5% 7% Portugal (ANA)
31% 29%
9% Revenue 6% * Mexico (OMA)
Ebitda
€3,947 m €2,495 m France
16% 19% Dom. Rep. (Aerodom)
29% Brazil
28%
Rest of world & misc.

74
 1% Tourism/Leisure
56% VFR (Visiting Friends & Relatives)
21%
Business
Other
22%

9%
Domestic
39%
Intra EU
37%
International Short & Mid haul (excl. Intra EU)
International Long haul (>4,000 km)
16%

* Estimates based on internal surveys realised in the airports

75
 London Gatwick Freehold 46.6 40.9 - 50% Yes Full consolidation
UK Edinburgh Airport Freehold 14.7 14.4 - 50% Yes Full consolidation
Belfast International Freehold 6.3 6.0 2993 100% Yes Full consolidation
ANA
Portugal 59.1 66.3
(10 airports in Lisbon, Porto, Faro, Madeira, Azores islands) Concession 2063 100% Yes Full consolidation
Of which Lisbon airport 31.2 33.6
Japan Kansai airports (Kansai International, Osaka Itami, Kobe) 51.8 41.5
Concession 2060 40% Yes Equity method
Of which Kansai International 31.9 23.3
Chile Santiago Concession 24.6 23.3 2035 40% Yes Equity method
OMA (Monterrey international, Culiacan, Ciudad Juarez,
Chihuahua, Mazatlan and 8 other regional and tourist Concession 23.2 26.8
Mexico 2048 29.99% Yes Full consolidation
airports)
Of which Monterrey international 11.2 13.3
Lyon airports (Lyon-Bron, Lyon Saint-Exupéry) Concession 11.8 10.0 2047 30.6% Yes Full consolidation
Chambéry, Clermont-Ferrand, Grenoble,
DSP* 0.9 0.6 2025 to 2030 100% Yes Full consolidation
Pays d‘Ancenis
Bretagne Rennes & Dinard DSP* 0.9 0.6 2024 49% Yes Equity method
France
Aéroports du Grand Ouest
Concession 7.2 6.5 2021** 85% Yes Full consolidation
(Nantes Atlantique, Saint-Nazaire)
Toulon-Hyères Concession 0.5 0.3 2040 100% Yes Full consolidation
Annecy Mont-Blanc Concession n.a. n.a. 2036 100% Yes Full consolidation
Cambodia Phnom Penh, Sihanoukville Concession 7.7 4.0 2040 70% Yes Full consolidation
* DSP (outsourced public service)
76
** The termination of the concession for reasons of general interest was decreed on 24 October 2019. The termination is
intended to take effect at the latest on the signature date of the new concession contract
 4 airports: Hollywood Burbank Airport in California,
Management
USA Atlantic City in New Jersey, Macon Downtown Airport and 7.1 7.0 n.a 100% No Full consolidation
Contracts
Middle Georgia Airport in Georgia

Salvador Concession 7.7 7.3 2047 100% Yes Full consolidation

Brazil
7 airports in the North Region: Manaus, Porto Velho, Rio
Concession 4.6 4.2 2051 100% Yes Full consolidation
Branco, Boa Vista, Cruzeiro do Sul, Tabatinga and Tefé
Serbia Belgrade Concession 6.2 7.9 2045 100% Yes Full consolidation
Dominican Aerodom (Santo Domingo, Puerto Plata, Samana, La
Concession 5.6 6.6 2060 100% Yes Full consolidation
Republic Isabela, Barahona, El Catay)
Costa Rica Guanacaste Concession 1.2 1.7 2030 45% Yes Equity method
Cape Verde The 7 airports of the Cape Verde archipelago Concession 2.8 2.6 2063 100% Yes Full consolidation
Hungary Budapest Concession 16.2 14.7 2080 20% Yes Equity method

▪ (14.4 mpax in 2023)

▪ (14.7 mpax in 2023),
making VINCI Airports the platform operator

77
78
 661
479

319 309
235 Equity invested Net financial debt
47.8% 48.5% 56.7%
41.8% 42.9%
€4.1 bn € 4.6 bn
At 30 Jun. 2024 At 30 Jun. 2024

VINCI Highways 2023 revenue and Ebitda breakdowns

19% 16% Lima Expresa (Peru)

37%
Revenue 12% Ebitda 48% Rion-Antirion bridge (Greece)
€352 m €172 m ETC Service providers
29%
25% Other motorways and holdings
15%

79 * VINCI Railways, VINCI Stadium and others

 Motorway A7 Bockenem-Göttingen 60 km 2047 50% no Equity method
Motorway A4 Horselberg 45 km 2037 50% yes Equity method
Germany Motorway A9 Thuringia/Bavarian border 47 km 2031 50% no Equity method
Motorway A5 Malsch–Offenburg 60 km 2039 54% yes Equity method
Motorway B247 Mühlhausen-Bad Langensalza 28 km 2051 50% no Equity method
Public highway network Hounslow PFI 432 km roads; 762 km sidewalks 2037 50% no Equity method
UK Public highway network Isle of Wight PFI 821 km roads; 767 km sidewalks 2038 50% no Equity method
Bypass Newport Southern crossing 9 km 2042 50% yes Equity method
Slovakia Motorway Expressway R1 52 km 2041 50% no Equity method
Czech Republic Motorway D4 Via Salis 47 km 2049 50% no Equity method
Motorway Athens-Corinth-Patras-Pyrgos 201 km + 75 km under construction 2038 / 2044 29.9% yes Equity method
Greece
Motorway Maliakos–Kleidi 230 km 2038 15.3% yes Equity method
Canada Motorway Regina bypass 61 km (2x2 lanes) 2049 37.5% no Equity method
USA Ring road Denver Northwest Parkway * 14 km 2106 100% yes Full consolidation
Russia Motorway Moscow-St Petersburg (Sections 1&2) 43 km 2040 50% yes Equity method
Russia Motorway Moscow-St Petersburg (Sections 7&8) 138 km 2041 40% no Equity method
Peru Ring road Lima Expresa 25 km 2049 100% yes Full consolidation
Brazil Motorway Entrevias 570 km 2047 55% yes Equity method
Colombia Motorway Bogotá-Girardot (Via Sumapaz) 141 km, 65km (3rd lane) under construction 2046 75% yes Full consolidation**
80 Concession or PPP infrastructure under construction
* Acquisition of 100% of the Northwest Parkway section of the Denver ring road completed in April 2024
 Tunnel Prado Carénage 2.5 km road tunnel, Marseille 2033 34.2% yes Equity method
France
Tunnel Prado Sud 1.5 km road tunnel, Marseille 2055 58.5% yes Equity method

Prince Edward Island -

Canada Bridge Confederation bridge 2032 85% yes Full consolidation
mainland
2.9 km mainland–Peloponnese
Greece Bridge Rion–Antirion 2039 72.3% yes Full consolidation
link

Portugal Bridge Lusoponte Vasco de Gama - Lusoponte 2030 49.5% yes Equity method

Bridge & Bridge (762 mtrs) and tunnel

USA Ohio River Bridge 2051 33.3% no Equity method
Tunnel (512 mtrs), Louisville, KY

ETC
USA ViaPlus USA ETC services in the USA 2024 to 2031 100% n.a. Full consolidation
contract
ETC
India ViaPlus India ETC services in India 2024 to 2028 100% n.a. Full consolidation
contract
ETC ETC services for Dublin ring-
Ireland Turas 2031 60% n.a. Full consolidation
contract road (M50)

81
 Stadium Stade de France 80,000 seats, Saint-Denis 2025 67% yes Full consolidation

Stadium Marie-Marvingt 25,000 seats, Le Mans 2044 100% yes Full consolidation

France
Stadium Allianz Riviera 36,000 seats, Nice 2041 50% yes Equity method

Stadium Matmut Atlantique 42,000 seats, Bordeaux 2045 50% yes Equity method

82
 Rail GSM-Rail Ground-train communication system on 16,000 km of track 2025 70% no Equity method
France
Rail SEA High-Speed-Rail 302 km of high-speed rail line between Tours and Bordeaux 2061 33.4% yes Equity method

Building Park Azur Car rental centre, Nice Airport 2040 100% no Full consolidation

Energy Lucitea Public lighting, Rouen 2027 100% no Full consolidation

France
Bus TCSP Martinique Operation and maintenance of bus route and vehicles 2035 100% no Full consolidation

Hydraulic Bameo Operation & maintenance of 31 dams on the Aisne and Meuse rivers 2043 50% no Equity method

83
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 Making energy transition and digital
transformation a reality

2023 revenue by geographical area

Revenue and Ebit margin over the past 5 years
3%4% France
19.3 6%
16.7 Germany
15.1
13.7 13.7 Scandinavia
42%
6.8% 7.0% 24% €19.3 bn Rest of Europe
6.5%
6.0% Americas
5.7%
Africa
5% RoW
16%

France 9% 32%

International 7% 51%

85
 Making energy transition and digital transformation a reality

Transport infrastructure: technical Process control and automation Electrical systems Telecommunication and enterprise networks
equipment and management systems Electrical and instrumentation Heating, ventilation, air conditioning Data storage (cloud infrastructure and data centres)
Energy infrastructure: electromechanical Mechanical and piping Fire safety Business networks
equipment of power plants, substation, Process utilities Video surveillance and access control Digital Workspace
transportation and distribution networks
Robotics Maintenance and services Data analysis and business applications
Renewable energies and storage
Cybersecurity
Public lightning
Electric mobility

XX % = % of the division’s 2023 revenue

86
87
 A leading company in applied industrial
engineering and specialised services and
a global player in the energy sector
2023 revenue by geographical area

9% Spain
Revenue and Ebit margin Portfolio of renewable energy 2%3%
3% Latin America
over the past 2 years assets at the end of 2023
Germany
6%
44% Portugal
€6.5 bn
Africa
Middle East
RoW
33%

Spain 12% 32%

International 11% 45%

88
 A leading company in applied industrial engineering and
specialised services and a global player in the energy sector

Design, engineering, supply and construction of Construction, installation and maintenance of high- Integration and supply of traffic control/tunnelling Design, engineering, supply and construction of
electricity distribution lines and all type of gas, voltage electrical networks, air conditioning systems projects related to the energy sector
water and communication infrastructure and installations, mechanical and naval assembly, railway Management of all urban and interurban intelligent (power transmission lines, renewable and conventional
services installations transport systems and smart city projects power plants, water infrastructure)
Management and maintenance of public Integrated maintenance of all types of infrastructure, Construction of large buildings
lightning industry and building

XX % = % of the division’s 2023 revenue

89
 *

**

* Delivered in 2023
** Contract announced in July 2024, not in order book at the end of June 2024
90
91
 France’s leading construction company
and a major global player

2023 revenue by geographical area

Revenue and Ebit margin over the past 5 years 4% 2% France
31.5 7%
29.3 UK
25.1
* 26.3 Central & Eastern
23.1 * 16% Europe
3.8% 4.0% 43% Rest of Europe
3.7%
3.3% €31.5 bn
Americas
7% Oceania
2.0%
7% Africa
14% RoW

* 2019 and 2020 proforma data for VINCI Construction, i.e. after intra-business line eliminations
France 23% 20%

International 34% 23%

92
 France’s leading construction company
and a major global player

Roadworks
Non residential / Residential Civil engineering Railworks
Maintenance and management of roads and
Refurbishment / New build Geotechnical engineering Earthworks
motorways
Structural engineering Water infrastructure
Asphalt industries: 380 asphalt production plants
Nuclear civil works
and 40 binder manufacturing plants
Aggregates: 380 quarries (3.1 bn tonnes of reserves)
& 230 recycling sites producing 84 m tonnes of
aggregates per year (Group share), o/w 16 m
recycled

XX % = % of the division’s 2023 revenue

93
 Line 15 Around
design-build of a section of €36 bn
Line 15 West (between Pont de
Construction budget*
Sèvres station and La Défense)

200 km
Automatic metro lines

68
New stations

Expected completion in

2030
Works by VINCI entities
* source: Société du Grand Paris

94
95
 Revenue over the past 5 years

1.6
2023 reservations by destination
1.5
1.3
1.2 1.2 Buy to let private
investors
17%

Social,
46%
4,214 Institutional
Private 22%
owners

Revenue – non residential (€bn) 15%

Revenue – residential (€bn)
Managed
residences

* Including VINCI Immobilier’s share in joint developments

96
 XX % = % of the division’s 2023 revenue

97
98
99
 Agenda

19
VINCI Autoroutes and VINCI
[email protected] [email protected] Airports traffic in October 2024
+33 1 57 98 63 84 +33 1 57 98 62 84

22
VINCI Energies Capital Markets
Day in Nanterre, France

[email protected] [email protected] 17
VINCI Autoroutes and VINCI
+33 1 57 98 66 54 +33 1 57 98 66 53
Airports traffic in November 2024

6 VINCI FY 2024 results

publication after market close

100