Direction and strategy / Business model
ÉVOLUTION ET STRATÉGIE
The Group’s business model
Our challenges and opportunities
- Climate emergency
- Workplace and social expectations
- Urbanisation
- Mobility
- Digitalisation
Our strengths
- World leader in concessions, energy and construction
- Partner for the long term working in the public interest
- Local presence with global expertise
- Diversity of skills and areas of expertise
- Decentralised management and entrepreneurial culture
- 130-year history
Our strategy
Concessions
Long cycles, high amounts of invested capital
- Renew and internationalise the concession portfolio, and extend its average maturity
- Focus growth primarily on transport infrastructure
- Seize opportunities in renewable energies
Energy and Construction
Short cycles, low amounts of invested capital
- Put priority on margins over business volume
- Practise disciplined risk management
- Strengthen the Group’s presence in high value-added segments, such as energy
- Diversify our geographical spread of expertise
Cross-business
- Bolster synergy in operations to win new projects
- Accelerate international growth
- Reduce CO2 emissions by 40% by 2030 (Scopes 1 and 2)
- Optimise resources through the circular economy
- Preserve natural environments
- Promote inclusive growth and increase the number of women executives
Our resources
Human capital
- 219,299 employees worldwide
- 21% of employees in management positions
- 19 hours of training each year per employee
- 2,500 health & safety specialists
- 37% of training on health & safety
Technical expertise
- 55 R&D programmes
- €50 million budget for R&D
- lab recherche environnement: partnership with VINCI-ParisTech established in 2008
- Unparalleled array of expertise (underground projects, foundations, prestressing, geotechnical engineering, etc.)
- Global fund launched to develop clean hydrogen infrastructure
Strong local roots
- More than 280,000 worksites
- 3,200 business units
- 45 airports managed in 2021
- 360 quarries in operation
- More than 8,000 km of motorways
- Operations in some 120 countries
Environmental ambition and resources
- More than 800 environmental experts
- 25% of electricity consumption from renewable sources
- More than 2,500 Environment Awards initiatives
- 36% of revenue and 32% of CapEx eligible for European taxonomy
Financial position
- Standard & Poor’s: A– stable outlook
- Moody’s: A3 stable outlook
- €18 billion in liquidity
Our integrated business model for value creation
Concessions
REVENUE: €7 billion
16,826 employees
- VINCI Autoroutes
- VINCI Airports
- Other Concessions
Design, financing, programme management and infrastructure operation
Energy
REVENUE *: €15.1 billion
85,555 employees*
- VINCI Energies
- Cobra IS
Digital transformation and energy transition
Construction
REVENUE: €26.3 billion
115,270 employees
VINCI Construction
Design and construction of buildings and infrastructure
Property
REVENUE: €1.6 billion
1,248 employees
VINCI Immobilier
Property development
The Covid-19 health crisis impacted the Group’s activities and performance. However, the Group’s business model proved resilient and adaptable in 2020, then generated vigorous recovery in 2021, which is all the more noteworthy as the public health situation has yet to stabilise.
Data at 31 December 2021.
* Excluding 2021 revenue and workforce for Cobra IS.