2022 Universal Registration Document

Direction and strategy / Business model

Direction and strategy / Business model

DIRECTION AND STRATEGY

The Group’s business model

DIRECTION AND STRATEGY

OUR CHALLENGES AND OPPORTUNITIES

  • Climate emergency
  • Workplace and social expectations
  • Urbanisation
  • Mobility
  • Digitalisation

DIRECTION AND STRATEGY

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

 

DIRECTION AND STRATEGY

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
  • Achieve targets to reduce CO₂ emissions by 40% (Scopes 1 and 2) and 20% (Scope 3) by 2030, validated by the Science Based Targets initiative (SBTi)
  • Optimise resources through the circular economy
  • Preserve natural environments
  • Promote inclusive growth and increase the number of women executives

OUR RESOURCES

Human capital

271,648 employees worldwide

18% of employees in management positions

22 hours of training each year per employee

2,500 health & safety specialists

44% 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.)

Active partner in the global fund to develop clean hydrogen infrastructure

Strong local roots

More than 314,000 worksites

4,000 business units

65 airports managed

400 quarries in operation

More than 8,543 km of motorways

Operations in more than 120 countries

Environmental ambition and resources

More than 800 environmental experts

38% of electricity consumption from renewable sources

More than 2,500 Environment Awards initiatives

42% EU Taxonomy-eligible revenue of which 20% is EU Taxonomy-aligned

44% EU Taxonomy-eligible CapEx (*) of which 12% is EU Taxonomy-aligned

Financial position

Standard & Poor’s: A– stable outlook

Moody’s: A3 stable outlook

€19.7 billion in liquidity

 

(*) CapEx excluding acquisition of the concession rights to the airports from Mexican airport operator OMA.

OUR INTEGRATED BUSINESS MODEL FOR VALUE CREATION

Concessions

Revenue: €9.2 billion

17,987 employees

 

VINCI Autoroutes

 

 

VINCI Airports

 

 

 

Other concessions

 

Design, financing, programme management and infrastructure operation

Energy

Revenue: €22.3 billion

135,521 employees

 

VINCI Energies

 

 

Cobra IS

 

Energy transition and digital transformation

Construction

Revenue: €29.3 billion

116,377 employees

 

VINCI Construction

 

Design and construction of infrastructure and buildings

Property

Revenue: €1.5 billion

1,359 employees

 

VINCI Immobilier

 

Property development