| Concessions | ||||
|---|---|---|---|---|
| (in € millions) | VINCI Autoroutes | VINCI Airports | VINCI Highways, VINCI Railways, VINCI Stadium and other | Total |
| Income statement | ||||
|
Revenue (*) Concession subsidiaries’ works revenue Total revenue |
5,550 569 6,119 |
1,188 100 1,288 |
309 11 320 |
7,046 680 7,727 |
|
Operating income from ordinary activities % of revenue (*) |
2,841 51.2% |
(206) (17.3%) |
48 15.5% |
2,683 38.1% |
| Recurring operating income | 2,828 | (265) | 21 | 2,583 |
| Operating income | 2,829 | (265) | 22 | 2,586 |
| Cash flow statement | ||||
|
Cash flow from operations before tax and financing costs % of revenue (*) |
4,116 74.2% |
385 32.4% |
175 56.7% |
4,676 66.4% |
| Depreciation and amortisation | 1,299 | 444 | 87 | 1,829 |
| Operating investments (net of disposals) | (23) | (43) | (9) | (75) |
| Repayment of lease liabilities (**) | (7) | (21) | (9) | (38) |
| Operating cash flow | 3,274 | (25) | 253 | 3,501 |
| Growth investments in concessions and PPPs | (677) | (163) | (1) | (841) |
| Free cash flow | 2,597 | (188) | 252 | 2,660 |
| Balance sheet | ||||
|
Capital employed at 31/12/2021 dof which investments in companies accounted for under the equity method of which right-of-use assets in respect of leases |
19,676 14 12 |
16,388 193 274 |
2,520 146 24 |
38,584 353 310 |
| Net financial surplus/(debt) | (18,008) | (11,723) | (2,962) | (32,693) |
(*) Excluding concession subsidiaries’ works revenue.
(**) Including associated financial expense.
PPP: Public-private partnership.
| Concessions | ||||
|---|---|---|---|---|
| (in € millions) | VINCI Autoroutes | VINCI Airports | VINCI Highways, VINCI Railways, VINCI Stadium and other | Total |
| Income statement | ||||
| Revenue (*) | 4,613 | 990 | 235 | 5,839 |
| Concession subsidiaries’ works revenue | 558 | 298 | 8 | 864 |
| Total revenue | 5,171 | 1,288 | 243 | 6,703 |
|
Operating income from ordinary activities % of revenue (*) |
1,981 42.9% |
(369) (37.3%) |
(26) (11.0%) |
1,586 27.2% |
| Recurring operating income | 1,968 | (597) | 87 | 1,459 |
| Operating income | 1,968 | (498) | 85 | 1,555 |
| Cash flow statement | ||||
|
Cash flow from operations before tax and financing costs % of revenue (*) |
3,231 70.0% |
146 14.7% |
114 48.3% |
3,491 59.8% |
| Depreciation and amortisation | 1,271 | 463 | 95 | 1,828 |
| Operating investments (net of disposals) | (21) | (138) | (19) | (178) |
| Repayment of lease liabilities (**) | (6) | (17) | (11) | (34) |
| Operating cash flow | 2,405 | (422) | 40 | 2,023 |
| Growth investments in concessions and PPPs | (731) | (310) | 6 | (1,035) |
| Free cash flow | 1,674 | (732) | 46 | 988 |
| Balance sheet | ||||
|
Capital employed at 31/12/2020
|
20,388
|
16,143
|
2,773
|
39,304
|
| Net financial surplus/(debt) | (18,318) | (11,053) | (3,347) | (32,718) |
(*) Excluding concession subsidiaries’ works revenue.
(**) Including associated financial expense
PPP: Public-private partnership.
