2021 UNIVERSAL REGISTRATION DOCUMENT

Direction and strategy / Business model

A resilient business model driving responsible and sustainable growth

Stable in its fundamentals, applied over time to ever-expanding geographies and areas of expertise, VINCI’s business model delivers tremendous resilience. The Group’s strategy is to further develop this robust model across all its business activities. Spurred by fast-emerging innovations, the ecological transition is driving the reshaping and sustainable growth of the Group’s businesses.

VINCI infused its technical know-how and innovative prowess into its new head office, showcasing its business activities and how they help build sustainable cities.

With the acquisition of Cobra IS, VINCI is boosting its growth potential in low-carbon energy.

Business model

STABILITY AND EXPANSION

VINCI’s business strategy has developed historically from the complementary nature of its concessions, energy and construction activities. The Group has never ceased to expand its business model, moving from electricity concessions in the early 20th century into motorway, airport and renewable energy concessions in the 21st, and from building and infrastructure construction into specialist activities in civil engineering and in energy and information technologies.

As VINCI has diversified its areas of expertise, so has it entered more and more international markets. In 2021, the Group generated 47% of its revenue outside France, in some 120 countries, and in 2022, with the integration of Cobra IS (see page opposite), most of its revenue will be international.

In addition to a broad range of businesses and markets, VINCI gains its resilience from its management structure. The Group’s highly decentralised organisation and supportive management culture give its companies and people tremendous agility in adapting to changes or uncertainty in their environment. Their responsiveness amid the unprecedented Covid-19 pandemic illustrated this clearly.

Drawing on these solid fundamentals, VINCI will continue to implement its long-term strategy and to take a balanced approach in developing its three core businesses.