VINCI - Profile 2009 - VINCI Construction UK

2009 PROFILE
GROUP profilE
VINCI, the world’s leading
concession and construction group
From the outset, we have built our growth on our strategic
business model of integrated construction and
concession operation. Our 164,000 employees are
tasked with financing, designing, building and operating
infrastructure that enhances everyone’s life: transport
infrastructure, public and private buildings, car parks,
urban development projects, communication and energy
networks, etc. With operations in over 90 countries,
we are implementing a long-term economic and social
responsibility programme with the aim of sharing our
success with our employees, clients, shareholders
and the community at large.
Workforce
164,000 employees worldwide
Revenue (*)
€33.5 billion
Market capitalisation
€15 billion at 1 January 2009
Net profit attributable to equity holders of the parent
€1,591 million
Number of projects (**)
246,000
(*) Excluding revenue realised by concession operators for the construction of new infrastructure by third parties
(**) Estimated number of projects in progress.
2009 PROFILE VINCI
3
ONE GROUP, FOUR BUSINESS LINES
Concessions
VINCI Concessions finances, designs, builds and
operates transport infrastructure and public
facilities under public-private partnership (PPP)
contracts. VINCI Concessions is the world’s largest
operator of private-sector motorway and car park
concessions.
4
VINCI 2009 PROFILE
Energy
VINCI Energies is a market leader in France and
a major player in Europe in energy and information technology services (design, installation and
maintenance). In its activity sectors (infrastructure,
industry, service sector and telecommunications),
VINCI Energies develops solutions that are both
local and global and are provided by 800 business
units operating as a network.
Roads
Ranked among the world’s leading players in
roadworks, Eurovia builds, refurbishes and maintains transport infrastructure (roads, motorways,
railways, airports), carries out urban, industrial and
retail development projects, and is expanding into
complementary maintenance and service business
activities. Eurovia is also one of Europe’s leading
producers of roadworks materials.
Construction
As market leader in France and a major player in
the world construction market, VINCI Construction brings together a comprehensive range of
capabilities in building, civil engineering, hydraulic
engineering and related services. With strong
roots in its local markets in France and Europe
through its networks of subsidiaries, VINCI
Construction also plays a leading role in the
world market for major engineering structures
and specialised, technically sophisticated civil
engineering, dredging and oil and gas infrastructure projects.
2009 PROFILE VINCI
5
CORPORATE GOVERNANCE
BOARD
OF DIRECTORS
EXECUTIVE COMMITTEE
MANAGEMENT AND COORDINATION COMMITTEE
Chairman
Xavier Huillard
Pierre Anjolras
Yves-Thibault de Silguy
Christian Labeyrie
Chairman of the Board of VINCI
Directors
Dominique Bazy
Vice-Chairman Europe
of UBS Investment Bank
Director and Chief Executive Officer, VINCI
Renaud Bentegeat
Richard Francioli
Pierre Berger
Chairman, VINCI Construction Grands Projets
Jean-Yves Le Brouster
Dominique Bouvier
Jacques Tavernier
Pierre Coppey
Robert Castaigne
François David Chairman and Chief Executive Officer,
Eurovia
(1)
Chairman of Coface
Managing Director, CFE
Chairman, VINCI Construction
Chairman and Chief Executive Officer,
VINCI Energies
Former Chief Financial Officer and former
member of the Executive Committee of Total
Chief Executive Officer, Autoroutes du Sud
de la France
Executive Vice-President
and Chief Financial Officer, VINCI
Henri Stouff
Chairman and Chief Executive Officer,
Entrepose Contracting
Chairman and Chief Executive Officer,
Cofiroute and Arcour
Philippe-Emmanuel Daussy
Co-Chief Operating Officer,
VINCI Concessions
Chairman and Chief Executive Officer, Escota
Dominique Ferrero
Jean Rossi
Deputy Managing Director, VINCI Energies
Xavier Huillard
Louis-Roch Burgard
Chief Executive Officer, Soletanche
Freyssinet
Patrick Faure (1)
Chairman of Patrick Faure et Associés
Chief Executive Officer of Natixis
Chief Executive Officer of VINCI
Bernard Huvelin (2)
Vice-Chairman of the Board of VINCI
Jean-Pierre Lamoure (3)
Chairman of Soletanche Freyssinet
Jean-Bernard Lévy
Chairman of the Management Board of
Vivendi
Michael Pragnell (4)
Founder, former Chief Executive Officer
and former Chairman of the Executive
Committee of Syngenta AG
Henri Saint Olive
Chairman of the Board
of Banque Saint Olive
Pascale Sourisse
Senior Vice-President of the Land & Joint
Systems Division of Thales
Denis Vernoux
Design Engineer and Chairman of the
Supervisory Board of the Castor corporate
mutual funds
(1) Renewal of appointment proposed to the
Shareholders’ Meeting of 14 May 2009.
(2) Term of office expiring at the Shareholders’
Meeting of 14 May 2009.
(3) Co-optation to the Board in 2008 to be approved by
the Shareholders’ Meeting of 14 May 2009.
(4) Appointment proposed to the Shareholders’
Meeting of 14 May 2009.
6
Chairman, VINCI Construction France
Co-Chief Operating Officer,
VINCI Concessions
Jean-Luc Pommier
Vice-President, Business Development, VINCI
Jean-Marie Dayre
Bruno Dupety
Pierre Duprat
Director of Corporate Communications,
VINCI
Denis Grand
Chairman and Chief Executive Officer,
VINCI Park
Jean-Pierre Lamoure
Chairman, Soletanche Freyssinet
Olivier de La Roussière
Chairman, VINCI Immobilier
Patrick Lebrun
Deputy Managing Director, VINCI Energies,
Operating Officer, VINCI Assurances
Erik Leleu
Director of Human Resources, VINCI
Jean-Louis Marchand
Executive Vice-President, Eurovia
Yves Meignié
Deputy Managing Director, VINCI Energies
Sébastien Morant
Chairman, VINCI Construction Filiales
Internationales
Patrick Richard
Director of Legal Affairs, VINCI
Daniel Roffet
Executive Vice-President, Eurovia
John Stanion,
Chairman, VINCI PLC
Philippe Touyarot
Deputy Managing Director, VINCI Energies
VINCI 2009 PROFILE
Guy Vacher
Executive Vice-President, Eurovia
KEY FIGURES
Revenue
Revenue by business line 1
1%
30,428
14%
24%
Concessions 4,781
Energy 4,614
Roads
8,183
Construction 15,722
Holding companies
and misc. 157
472
536 20,936
10,711 10,707
2007
Actual
Operating profit from ordinary activities by
business line
2007
58%
7%
Concessions 1,966
Energy 245
Roads 346
Construction 773
Holding companies
and misc. 48
3.6%
3.6%
3.4%
4.4%
3.0%
5.2%
6.8%
7.4%
62.6%
France 20,936
Central & Eastern
Europe
2,468
United Kingdom 2,279
Germany 1,732
Belgium 998
Rest of Europe 1,489
The Americas 1,208
Africa 1,204
Middle East
and rest of the world 1,144
France
International
2008
3,118
3,378
10.2% 10.3%2 10.1% 2
2007
Actual
Revenue by geographical area 1
Concession
operators’ construction
revenue realised by
third parties
Operating profit from ordinary
activities
3,113
23%
12,522
Pro forma
2%
10%
33,930
19,717 19,631
14%
47%
30,874
2007
2008
Pro forma
Net profit attributable to equity
holders of the parent
1,591
1,461
1,455
4.8%
4.8%2
4.8%2
2007
2008
2007
Actual
Pro forma: after application of Interpretation IFRIC 12, Service Concession Arrangements.
In € millions
1 – Excluding revenue realised by concession operators for the construction of new infrastructure by third parties.
2 – Percentage of revenue 1..
Pro forma
2009 PROFILE VINCI
7
STRATEGY AND OUTLOOK
INCREASING
THE RESILIENCE OF OUR
BUSINESS MODEL
Over time, we have based VINCI’s development on
an integrated concession-construction business
model. Our strategy is to expand on this model to
ensure the Group’s growth and resilience, while
creating value for shareholders.
Balanced growth of activities
with short business cycles…
The growth strategy for activities with short
cycles – mainly design-build activities – is based
on three complementary levers:
- strengthen our networks in order to anchor
ourselves even more firmly in our local markets
and capture growth segments;
- acquire expertise enabling us to penetrate
technological niches that open up opportunities in
growth markets around the world;
- strengthen our ability to manage complex
projects and assume the roles of client-side
project manager and main contractor. This will
enable us to meet the growing need for
comprehensive solutions to projects of ever
increasing size that require a high level of
competence in systems and closer coordination
between our business lines.
extended beyond the scope of the concession
contracts themselves and can be carried out
within the framework of service contracts
involving no capital investment. This strategy also
covers operation, maintenance and services
carried out under multi-year contracts in other
Group activities: facilities management in the
service sector, management of public lighting,
road maintenance and so on.
We are implementing this strategy mainly through
organic growth because we want to limit financial
investments payable in cash in order to keep debt
under control in the current uncertain economic
and financial climate.
Buoyant markets
for the long term
The underlying trends in our markets are urban
development, growing awareness of mobility issues
and growing needs for energy infrastructure. These
three trends will combine to open up business
opportunities over the long term. These needs will
arise in emerging economies, where there will be a
plethora of new projects, and in developed
economies that have to modernise their facilities
and infrastructure in order to remain globally
competitive. The economic stimulus packages,
programmes to fight climate change and
eco-efficiency policies of governments around the
world will also fuel the flow of projects.
… and activities with long
business cycles
Activities with long business cycles generate
recurring sales and margins. The growth strategy
here applies naturally to the concessions division,
whose expertise as an operator of motorways,
airports, parking facilities and so on can be
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VINCI 2009 PROFILE
Urban development, together with transport and energy
infrastructure needs, will provide business opportunities for
VINCI over the long term.
2009 PROFILE VINCI
9
SOCIAL RESPONSiBILITy
Creating permanent jobs
On 31 December 2008, VINCI had 164,057
employees worldwide, 87% of them on unlimitedterm contracts. Despite a difficult economic
context, worldwide the Group hired 26,359 people
on permanent contracts in the course of the year.
We will continue our recruitment policy in 2009.
VINCI companies cultivate particularly active
contacts with schools through a network of
campus managers. We are also active in helping
young people in troubled circumstances into the
labour market, notably via GEIQs, associations of
employers working for integration and training.
out.
Ensuring the safety of all
employees
Our goal is “zero accidents”. In five years, the
frequency of occupational accidents has gone down
by 35%. The policy on accident prevention and
safety calls for considerable input on the part of
management and is deployed through a whole
range of actions: 15-minute safety meetings,
accident-prevention competitions, analysis of
accidents and near-miss incidents, etc. Our policy
also extends to subcontractors and temporary
worker recruitment companies.
Anticipating the need for new
business skills
Encouraging employee share
ownership
Approximately 100 forward-looking jobs and skills
management agreements were signed within our
subsidiaries in 2008. These will enable them to
better anticipate changes occurring in their business
lines and markets, as well as the corresponding need
to develop skills. Our human resources policy also
aims to put recruitment and the career development
of its employees on a more international basis, and to
enhance our expertise as a project integrator capable
of taking charge of ever more complex projects. In
2008, Group employees benefited from 3.1 million
hours of training.
We are committed to making it easier for our
employees to become shareholders by offering
an attractive employer contribution that favours
the smallest savers. Employee share ownership
remained stable in 2008 despite the difficult
stock market context. At the end of the year,
89,236 employees – more than half our total
workforce or 88% of the workforce in France –
Guaranteeing equal
opportunities for all
VINCI pursues a proactive policy as regards
managing equality of opportunity. In line with our
Manifesto commitment, we commissioned an
audit of our diversity policy for the second year
running in 2008. It covered 40 subsidiaries.
Analysis of the results shows that practices have
improved. We have formed and trained a body of
in-house auditors to follow up on audits carried
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VINCI 2009 PROFILE
VINCI aims to create permanent jobs despite
a difficult economic context.
CIVIC ENGAGEMENT
Mob d’Emploi 36 is a job-creating workshop supported by the
VINCI Foundation for the Community.
Encouraging the involvement of
Group employees in community
projects
VINCI contributes to social development by
supporting community projects that promote
employment and improve the quality of life.
Co-ordinated mainly by the VINCI Foundation
for the Community, our approach combines
financial backing and employee support through
sponsorship and skills. In 2008, 121 projects
were supported by the foundation, with
subsidies totalling more than €2 million.
In the Czech Republic, a foundation created
on the same principles supported six projects
and gave subsidies totalling €65,000. In Africa,
Sogea-Satom’s initiatives for Africa programme
(ISSA) encourages employee participation in
community projects benefiting local people in
countries where we are working on projects or
have offices.
Heritage preservation
Our companies contribute to heritage
preservation by showcasing archaeological
and palaeontological finds made, in particular,
during the construction of motorways. In
addition, VINCI financed (€2 million) and built
the temporary visitors centre at the Château de
Versailles in 2008, having completely restored
the Hall of Mirrors over the preceding few years
within the framework of an unprecedented
skills-based sponsorship operation.
2009 PROFILE VINCI
11
ENVIRONMENT
Quantifying greenhouse gas
emissions
Following our first CO2 assessment in 2007, we
again measured our greenhouse gas emissions in
2008 in accordance with the international standard
ISO 14064. This revealed total emissions of
2.9 million tonnes (Scope 2, direct emissions +
electricity). Several companies, notably motorway
operators, carried out a more broadly based CO2
audit (Scope 3, including indirect emissions and
those generated by customers).
Deploying an eco-efficiency
policy
Fully aware of the impact the fight against climate
change will have on our companies, we are
developing common eco-efficiency guidelines
and measuring tools such as Equer (assessment of
a building’s energy performance), Gaia.be®
(eco-comparator for roadworks) and Freyssinet’s
Sustainable Technology approach. These tools
make it possible, when responding to tenders, to
propose alternative solutions that are environmentally and economically relevant. More
generally, the synergies between our activities as
a result of our integrated concession-construction
business model tend to favour the emergence of
integrated solutions offering a high performance
in terms both of energy and the environment.
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VINCI 2009 PROFILE
Sustainable Technology, the Freyssinet “hallmark”, illustrates the
company’s preference for techniques involving low consumption
of natural resources and low greenhouse gas emissions.
Promoting research
in eco-design
At the end of 2008, we signed a partnership with
three of the ParisTech engineering schools (Mines
Paris, Ponts and Agro) resulting in the establishment of the first chair in the eco-design of
building complexes and infrastructure. Associating teaching and research, this new chair has two
complementary objectives: give eco-design a
central place in the training provided for future
generations of engineers; develop new concepts
and tools that cover all aspects of eco-design
(buildings, mobility, management of transport
infrastructure, etc.) and will become real
decision-making aids for economic operators. Our
involvement in this partnership is both financial
(€600,000 a year for five years) and operational
(experiments at pilot sites, hosting researchers
and trainees in Group companies).
R&D AND INNOVATION
Stimulating forward-looking
reflection on the sustainable
city
In 2008, we created a sustainable city think-tank
known as “The City Factory”. It brings together a
wide variety of stakeholders – elected officials,
public-sector managers, academics, urban
development specialists, private operators, etc.
– who compare their points of view and pool their
expertise in an informal setting conducive to
discussion. Two seminars were organised during
the year. The first was devoted to mobility in the
city and the development of intermodality; the
second focused on the greater Paris area and its
transport infrastructure projects. These two events
provided an opportunity to present the Pirandello®
model, developed by VINCI to measure the impact
of public planning decisions (introduction of a
congestion charge, construction of a new transport
link, etc.) on urban communities and mobility.
Striving for technological
excellence
There were 45 research programmes under way
in our various subsidiaries in 2008, representing
a total budget of €30 million. In-house R&D
occupies more than 180 research workers and
scientists. The VINCI teams include about
20 PhD students under industrial training and
research contracts (CIFRE) who are writing their
theses.
Fostering participative
innovation: the VINCI Innovation Awards Competition
In order to develop the Group’s creative potential
by showcasing employees’ innovations,
we organise a major competition open to all
employees every two years: the VINCI Innovation
Awards Competition. For the 2009 version,
we have adjusted the concept underlying the
competition in order to better reflect the extent to
which employees use the innovations and better
capitalise on technological breakthroughs. The
projects entered in the four main categories
(Materials, Processes and Techniques, Management, Equipment and Tools, Marketing and
Services), as well as the special “Safety” and
“Sustainable Development” prizes, are assessed
by technical and commercial experts. A first series
of regional prizes will be awarded in the autumn of
2009; the final winners will be presented with
their prizes at a ceremony early in 2010 in Paris.
More than 180 research workers and scientists are engaged
in R&D work at VINCI.
2009 PROFILE VINCI
13
STOCK MARKET
AND SHAREHOLDER BASE
SHARE PERFORMANCE AND AVERAGE DAILY TRADING VOLUME
Price in €
(VINCI rebased)
Number of shares traded
(millions/day)
6
50
5
45
4
40
3
35
2
30
1
25
Jan.
20
Feb.
March
April
June
July
August
Sept.
Oct.
Nov.
Dec.
2008
VINCI
CAC 40
DJ Eurostoxx 50
DJ Eurostoxx
Construction & Materials
No. of VINCI shares traded
8.2%
4.6%
12.5%
42.4%
4.2%
28.1%
Employees (savings funds)
Treasury shares
Individual shareholders
Financière Pinault
French institutional investors
Other institutional investors, of which:
16.8% North America
6.9% United Kingdom
16.3% Continental Europe
2.4% Rest of the world
14
May
VINCI 2009 PROFILE
0
Between 31 December 2007 and 31 December 2008, our share price
declined 41%, while the CAC 40, DJ Eurostoxx 50 and DJ Eurostoxx
Construction & Materials indexes fell 43%, 44% and 48% respectively.
In 2008, a daily average of 3 million shares were traded on the market
(Euronext).
BALANCED AND DIVERSIFIED
SHAREHOLDER BASE (*)
At 31 December 2008, our employee savings funds were our
leading shareholder group, with 89,236 employees holding over
8% of our share capital.
Some 285,000 individual shareholders, up 17% on the previous
year, held 12.5% of our share capital. Institutional investors, of
which there were more than 500, accounted for about 75% of
our share capital. They were located mainly in France, the rest of
Europe and North America.
(*) Estimate based on a schedule of identifiable bearer shares
at 31 December 2008.
RETURN ON INVESTMENT
IN VINCI SHARES OVER FIVE YEARS
e2,154
A VINCI shareholder who invested €1,000 on 1 January 2004 and
reinvested all the dividends received (including tax credits until
31 December 2004) would have had an investment of €2,154 on
31 December 2008. This represents an annual return of 17%.
e1,000
2004
2008
+17% a year
e1.62
e1.52
e1.33
The dividend proposed to the Shareholders’ Meeting
in respect of 2008 was €1.62 per share, a 6.6%
increase over the 2007 dividend.
e1.00
e0.88
2004 2005
DIVIDEND PER SHARE DOUBLED
IN FIVE YEARS (*)
2006
2007
2008
VINCI Shareholder Relations
Department
1 cours Ferdinand de Lesseps
92851 Rueil Malmaison Cedex, France
> Shareholders’ page on www.vinci.com
> Individual and institutional shareholders
Tel: +33 1 47 16 45 39
Fax: +33 1 47 16 36 23
(*) After restatement following the two-for-one VINCI share splits in May 2005
and May 2007.
VINCI: 17th biggest market
capitalisation in the CAC 40
on 1 January 2009
€15
billion
at 31 December 2008
based on a price of €30 per share
VINCI ranked 17th in the CAC 40 by market
capitalisation and 14th by index weight.
2009 PROFILE VINCI
15
VINCI Concessions
ProfilE
VINCI Concessions is Europe’s leading operator of transport infrastructure
concessions (motorways, tunnels, bridges, car parks, airports and rail links) and the
world’s biggest private operator of motorway concessions.
In addition to developing and structuring new concessions, VINCI Concessions is a
shareholder in a unique portfolio of concessions in operation. It is thus particularly well
positioned to benefit from the increase in public-private partnerships (PPPs) generated
by public authorities’ growing infrastructure needs.
In a socially responsible approach to managing public services and with a view to
meeting the expectations of its 600 million end-customers, VINCI Concessions is
developing services that optimise the operation of the infrastructure for which it holds
concession contracts. It also intends making use of its extensive expertise in the
operation of transport infrastructure outside the scope of its concession contracts,
particularly in the field of mobility services such as toll systems, traffic information
systems, road maintenance and car-sharing.
Revenue (*)
€4,781 million
Operating profit from
ordinary activities
€1,966 million
Net profit attributable to
equity holders of the parent
€756 million
Workforce
17,000 employees
2008 data
(*) Excluding revenue realised by concession operators for the
construction of new infrastructure by third parties.
16
VINCI 2009 Profile
Revenue by business line (*)
13%
12%
4 %
48%
23%
ASF
Cofiroute
Escota
VINCI Park
Other
VINCI concessions / MAIN CONTRACTS
VINCI AUTOROUTES
VINCI airports
Autoroutes du Sud de la France (ASF),
Four airports in France: Chambéry-Savoie,
Clermont Ferrand-Auvergne, Grenoble-Isère,
Quimper-Cornouaille.
Three airports in Cambodia: Phnom Penh,
Siem Reap and Sihanoukville.
France’s biggest motorway company, operates a
2,633 km network covering the south of France
(A7, A8, A9, A10, A11, A20, A54, A61, A62, A63, A64,
A645, A66, A68, A72, A83, A837, A87 and A89). It
has a further 81 km planned or under construction.
Cofiroute operates 1,100 km of motorway in
g
g
OTHER INFRASTRUCTURE
western France (A10, A11, A28, A71, A81 and A85).
The company also holds the concession for the
A86 Duplex tunnel near Paris. The first section of
this tunnel, between Rueil Malmaison and the A13,
will be opened to traffic in June 2009.
France
Escota, France’s oldest toll motorway
concession operator, has a 459 km network (A8,
A50, A500, A51, A52, A520 and A57) located
entirely in the Provence-Alpes-Côte d’Azur region.
in Rouen (Lucitea).
Arcour holds the 2005-2070 concession for the
A19, a new 101 km motorway section between
Artenay and Courtenay, which links the A10, A6 and
A77 to form the southern part of the outer ring
road around the greater Paris region. The section is
scheduled for opening at the end of June 2009.
VINCI PARK
Number two in Europe and world leader in
car park concessions, VINCI Park operates
1,220,000 spaces spread fairly evenly between
France and the rest of the world. With operations
in 12 countries, VINCI Park also manages
2,155 car parks under more than 2,000 contracts.
g Prado–Carénage tunnel in Marseilles.
g Northern ring road around Lyons (Openly).
g Stade de France stadium near Paris.
g Management of public lighting and traffic lights
International
g
Germany
Toll Collect system; A4 Gotha–Eisenach motorway
(45 km).
Canada
Fredericton–Moncton motorway (200 km) and
Confederation Bridge.
United States
SR-91 (17 km) and I-394 (16 km) Express Lanes.
Greece
Charilaos Trikoupis Bridge; Athens–Tsakona
(365 km) and Maliakos–Kleidi (230 km)
motorways.
Jamaica
Motorway network (34 km)
United Kingdom
Two bridges over the River Severn (between
England and Wales); Newport Southern Distributor
Road (10 km); Dartford Crossing (bridge and
tunnels).
Portugal
Vasco da Gama Bridge and 25 April Bridge (Lisbon).
g
g
g
g
g
g
18
VINCI 2009 PROFILE
In 2010, Leslys, the 23 km express link, will carry
passengers between Lyons’ Part Dieu railway station
and Saint Exupéry Airport in 25 minutes.
PROJECTS
IN PROGRESS
France
g Leslys light rail system in Lyons (23 km express
link between the city and its airport).
g MMArena stadium in Le Mans.
g Prado–Sud tunnel in Marseilles.
g Car rental firm business complex at Nice-Côte
d’Azur airport.
International
g
Germany
Renovation and operation of A5 Malsch–Offenburg motorway (60 km).
Belgium
Liefkenshoek rail link in the Port of Antwerp.
Slovakia
R1 Nitra–Tekovské Nemce expressway (52 km).
Netherlands
Coentunnel in Amsterdam.
g
g
g
2009 PROFILE VINCI
19
VINCI Energies
Profile
VINCI Energies is a market leader in France and a major player in Europe in energy
and information technology services. It meets the numerous and changing needs of its
customers – power generation and distribution companies, transport and telecommunications operators, manufacturing industries, local authorities, etc. – by integrating
these technologies in customised, high service content offerings.
VINCI Energies supports its customers at all stages of their projects (design and
engineering, implementation, operation and maintenance), providing services in four
business lines:
> infrastructure: power supply networks (power transmission, transformation and
distribution), urban lighting and urban development, transport infrastructure (power
supply, lighting and information systems);
> industry: power distribution, monitoring and control, mechanical engineering, air
treatment, fire protection, insulation, industrial maintenance;
> service sector: power supply networks, climate engineering, plumbing, fire detection
and protection, building automation systems, security and maintenance;
> telecommunications: infrastructure and voice-data-image company communications.
The diversity of these offerings, proposed through a tightly-knit network of 800 business
units, enables the division to develop solutions that are both local and global.
VINCI Energies generates more than 30% of its revenue outside France.
Revenue
€4,614 million
Operating profit from
ordinary activities
€245 million
Net profit attributable to
equity holders of the parent
€148 million
Workforce
33,000 employees
2008 data
20
VINCI 2009 profile
Revenue by business line
12%
34%
23%
31%
Industrie
Service sector
Infrastructure
Telecommunications
VINCI ENERGIES / MAIN CONTRACTS
industry
SERVICE SECTOR
Health care Installation of the active fire
protection system (12,000 sprinkler heads) at
Sanofi Aventis’s vaccine R&D and production
centre in Marcy l’Etoile (France).
Education High and low voltage works
packages (excluding fire protection) of a renovation
project covering 120,000 sq. metres of the western
part of Jussieu University in Paris.
Petrochemicals Safety systems for the tanks
at Total’s Gargenville storage facility (France).
Health care
Heating and insulation Thermal protection
of the intake system of three gas turbines at
Jaroslavskaya, Tverskaya and Kostromskaya in
Russia for Power Machines.
Energy production
g Design, supply of electrical equipment and
assembly on site of three air separation units
(oxygen-nitrogen) at Dunkirk, Fos sur Mer (France)
and Mons (Belgium) for Air Liquide.
Renovation of the natural gas storage site at
Beynes (near Paris) for Storengy, a subsidiary of
GDF-Suez. In a consortium with Litwin and
Boccard, VINCI Energies brand Actemium is in
charge of engineering, supplies and construction,
and will bring the installations into service in 2011.
g
g
g
Audit and maintenance contract for Edouard
Toulouse Hospital in Marseilles.
Installation of power and information networks
(fire alarm, security, patient alarm system, etc.) at
Sahlgrenska Hospital in Gothenburg, Sweden.
Supermarkets
g
Audit and installation of energy metering
systems at 200 Auchan supermarkets (to reduce
energy consumption by 25% over five years, with a
first increment of 8% in 2009).
Modernisation of the lighting at 80 Carrefour
supermarkets in France.
g
infrastructure
High voltage networks
g
g
Renovation of two 220 kV very high voltage
lines for ČEPS (Czech Republic).
Rehabilitation of the very high voltage line
(2 x 400 kV) between Marlenheim and Vigy for
RTE (France).
Wind farms
Salles Curan and Villesèque des Corbières
(France) wind farms for EDF Energies Nouvelles.
Video surveillance
Installation of urban video surveillance system,
including an optical fibre communication network
and supervision centre, in Courchevel (France).
22
VINCI 2009 PROFILE
TELECOMMUNICATIONS
Infrastructure (Graniou)
g Deployment of high-speed telecommunications
networks in the Ain department (eastern France)
and for the Auvergne regional council (central
France).
Design and installation of fibre to the home
(FTTH) networks for operators Free and SFR to give
people living in the 18th and 20th districts of Paris
very high-speed Internet access.
Design and installation of FTTH network
(OP@LYS) in seven districts of Seine Saint Denis,
near Paris, for Sipperec.
g
g
Business communication (Axians)
As a longstanding partner of mobile operators rolling out
their networks, VINCI Energies is also involved in modifying
equipment to support the move to 3G and soon 4G.
Urban lighting
Lighting for the Lycée Saint Just in Lyons (electricity
produced by photovoltaic panels), Diane de
Poitiers’ garden at the Château de Chenonceau,
and the basilica at Boulogne sur Mer (1st tranche
completed in 2008).
Transport infrastructure
g
Implementation of high-voltage and lighting
equipment in the three two-drive tunnels on the
Route des Tamarins on Reunion Island.
Automation of the closing of the Arly gorges
(eastern France).
Installation of a computer-aided operations
system for Line T4 of the Lyons light rail system.
Installation of the 400 Hz power supply network
for the Euroregional hub of Air France at Saint
Exupery Airport, Lyons.
g Complete overhaul of the Théâtre National de
Bretagne’s information and communication
system.
Replacement or upgrade of MGEN’s switchboards.
Migration of German parliament (Bundestag)
network towards a Gigabit Ethernet network (very
high speed), giving users simultaneous access to
numerous services relating to data (file transfer),
multimedia (images, video) and voice. Infrastructure also designed to accommodate VoIP.
Maintenance of a group of 20,000 telecommunications systems for Neuf Cegetel’s offering of
direct voice and data.
Optimisation and acceleration of the IT network
of Manpower Netherlands.
g
g
g
g
g
g
g
2009 PROFILE VINCI
23
EUROVIA
Profile
Eurovia is a world leader in transport infrastructure and urban development works.
Generating over 90% of its revenue in Europe, Eurovia also holds significant positions
in the United States and Canada.
Drawing on a network of 300 works divisions and subsidiaries and 875 industrial
production sites, the company has developed an integrated range of specialised
expertise:
> transport infrastructure and urban development: construction of road, motorway, railway, airport and light rail infrastructure, as well as industrial and retail
development sites;
> industrial production: operation of a network of 303 quarries, 46 binder plants,
381 coating plants, 130 recycling facilities and 15 factories producing road equipment;
> maintenance and services: overall maintenance of road, motorway and rail
networks, as well as urban transport infrastructure.
Revenue
€8,183 million
Operating profit from
ordinary activities
€346 million
Net profit attributable to
equity holders of the parent
€209 million
Workforce
42,000 employees
2008 data
24
VINCI 2009 profile
Revenue by business line
7%
23%
70%
Road and rail works
Materials production
Services and maintenance
EUROVIA / MAIN CONTRACTS
FRANCE
REST OF EUROPE
Motorways: A4 bis, A7, A8, A75/A9, A87, A19.
Germany
National, departmental and ring roads:
RN88, RN141, RD104, RD6202 bis, Route du Lido
(Cap d’Agde–Sète in southern France), Molsheim
ring road (eastern France), northern ring road
around Lyons.
Airports: Paris-Vatry (150 km to the east of
Paris), Lyons-Saint Exupéry, Bordeaux-Mérignac,
Tiga (French Polynesia).
New Berlin-Brandenburg International Airport (one
of the two runways, the taxiways and the aircraft
parking areas); construction of a 25 km section of the
A4 motorway in Thuringia.
United Kingdom
About 60 multi-year road and highway network
maintenance contracts with counties, districts and
large urban areas, maintenance of the entire Virgin
Media cable television network in London.
Rail infrastructure: Leslys city centre–airport
light rail link, Lyons; Toulouse-Blagnac, Grenoble,
Angers and Marseilles light rail systems; Channel
Tunnel repair following the fire on 11 September
2008.
Spain
Port infrastructure: re-development of the
Two major expressway projects in the Czech
Republic (R6 between Sokolov and Tisová, and new
25 km section of the D3 between Tabor and Veseli
nad Luznici); modernisation of the main railway
station in Prague and re-development of the
long-distance lines serving the site; D1 motorway in
Slovakia between Mangusovce and Janovce; R1
between Zarnovica and Sasovské Podhradie
(Slovakia), including engineering structures and
associated motorway equipment; construction of
several storage areas for the German company
Golbeck.
roll-on/roll-off terminal in Boulogne sur Mer
(northern France), extension of the container
terminal in Dunkirk (northern France).
Urban development: Annecy (eastern
France), Aix en Provence (southern France), Bérat
(south-west France), Labastide Murat (south-west
France), Cadenet (south-east France), Caluire
(central eastern France), Confluence neighbourhood (Lyons), Lille, Le Mans.
Industrial and retail sites: Blayais nuclear
power plant (south-west France), Rhône-Gier
business park, production facilities of Knauf at
Lannemezan (south-west France) and Turbomeca
at Orin (south-west France), projects at the
Maisonnément shopping centre in Cesson (near
Paris) and at the Pompidou urban development
area in Vendargues (southern France).
Maintenance: departmental roads (south-west
France); Escota’s 459 km motorway network; 121 km
of canals and 150 km of tunnels for Société du
26
VINCI 2009 PROFILE
M410 motorway on the outskirts of Madrid; start-up
of production at Eurovia’s new special products
factory in Valdepeñas.
Czech Republic and Slovakia
Poland
S7 expressway between Elblag and Kalsk (northern
Poland); four new coating plants.
g
By acquiring Vossloh Infrastructure Services, now known
as ETF-Eurovia Travaux Ferroviaires, VINCI broadened the
spectrum of its expertise in transport infrastructure.
AMERICAS
United States
Romania
Access road and civil engineering work for the
largest continental wind farm (139 turbines)
currently under construction in Europe.
Lithuania
Refurbishment of the concrete road between
Vilnius and Utena.
Landfill (Florida); widening of 13 km of road in
Jacksonville (Florida); design-build contract (North
Carolina).
Canada
Extension of A5 motorway; aggregate production,
with a sales volume in excess of 4.5 million tonnes.
Chile
CH60 highway; bus lane networks in Santiago.
2009 PROFILE VINCI
27
VINCI CONSTRUCTION
Profile
French market leader and a world major in construction, VINCI Construction
brings together an unparalleled array of capabilities in building, civil engineering,
hydraulic engineering and services.
VINCI Construction’s business is divided into three major complementary components:
> a network of local subsidiaries in mainland France with VINCI Construction
France, which has a network of 370 profit centres, and outside mainland France
with VINCI Construction UK in the United Kingdom, CFE (in which VINCI holds a
46.8% interest) in the Benelux countries and VINCI Construction Filiales Internationales in Germany, Central Europe, Overseas France and Africa;
> specialised business lines with high technical content: specialised civil
engineering technologies with Soletanche Freyssinet (structures, special foundations, soil technologies, nuclear engineering), dredging and marine engineering
works with DEME (in which CFE holds a 50% interest); and oil and gas infrastructure with Entrepose Contracting;
> management of complex projects with VINCI Construction Grands Projets,
which operates in the world market for major civil engineering and building
structures.
Revenue €15,722 million
Operating profit from
ordinary activities
€773 million
Net profit attributable to
equity holders of the parent
€527 million
Workforce
72,000 employees
2008 Data
28
VINCI 2009 profile
Revenue by business line
6% 6%
25%
41%
22%
Building
Civil engineering
Specialised civil engineering
Hydraulic engineering
Facilities management
VINCI CONSTRUCTION / MAIN CONTRACTS
BUILDING
CIVIL ENGINEERING
Private-sector buildings
Transport infrastructure
g Granite Tower and Société Générale trading
room in La Défense, near Paris.
g CMA-CGM Tower, Marseilles (southern France).
g Louis Vuitton Foundation, Paris.
g EIB head office, Luxembourg.
Commercial and industrial buildings
g
Lyons Confluence recreation and shopping
centre (eastern France); Musée de la Mer and Cité
de l’Océan et du Surf, Biarritz (south-western
France).
Copernicus science centre, Warsaw; Leclerc
shopping centre, Gdansk (Poland).
g
Education
g
g
High schools in Provins, Tournan en Brie and
Argenteuil (France).
Renovation of Sheffield schools under “Building
Schools for the Future” programme (Yorkshire);
East Barnet (Hertfordshire) and Luton (Bedfordshire) high schools (England).
Health care
g
New Estaing Hospital, Clermont Ferrand (central
France); hospitals in Chalon sur Saône (eastern
France) and Sainte Musse in Toulon (southern
France); Circle Hospital Bath, Somerset (England).
Extension of Royal Oldham Hospital in
Manchester (England).
g
France
A65 Langon–Pau motorway; Route des Tamarins
(Reunion Island); Rhine-Rhone high-speed rail line.
Rest of Europe
United Kingdom: M1 motorway (23 km),
Nottingham; Docklands Light Railway, London.
Belgium: Diabolo (E19 motorway rail link to
Zaventem Airport), Brussels.
Poland: S7 Elblag–Olsztynek and S8 Konotopa–
Prymasa Tysiaclecia national highways.
Africa
RN1 and RN4 national highways, (Burkina Faso),
Lufimi–Kwango highway (Democratic Republic of
Congo); 93 km Kissoudougou–Guéckédou–Sérédou highway (Guinea); urban streets in Douala
(Cameroon).
g
g
g
Bridges
g
Viaducts over the Loing Valley on the A19 (north
central France) and the Grande Ravine (Reunion
Island); Térénez Bridge (western France).
Clackmannanshire Bridge, Kincardine (Scotland);
Noorderlaanbruggen bridges on the Albert Canal,
Antwerp (Belgium).
Stay cables on Megyeri Bridge, Budapest
(Hungary); stay cables and prestressing on Phu My
Bridge, Ho Chi Minh City (Vietnam).
g
g
Underground works
g
g
A86 Duplex near Paris; extension of Paris metro
lines 12 and 13; Channel Tunnel repair.
Railway tunnels: Delft, Coentunnel in
Amsterdam (Netherlands) and Liefkenshoek,
Antwerp (Belgium).
Metros: Singapore and Mexico City, special
works; Algiers (Algeria), 10 stations and a technical
building; Cairo, line 3 (Egypt).
Car parks (4) in Lusail (Qatar).
g
g
30
VINCI 2009 PROFILE
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