2022 Universal Registration Document

4.1.3 Comparativeinformation

4.1.3.1 External benchmarking exercise

At the request of the Remuneration Committee, a benchmarking exercise relating to the components of the Chairman and Chief Executive Officer’s remuneration package is conducted by an independent firm and updated on a regular basis. The aim of this exercise is to ensure that the remuneration of the Group’s top executive remains coherent and in line with market practice. The most recent update was based on the latest publicly available information relating to the 2021 financial year.

For the purposes of this exercise, the Remuneration Committee selected two representative peer groups, the first comprised of 17 French industrial companies that are members of the CAC 40 (the “French peer group”), and the second comprised of 11 European companies with operations in the construction sector or infrastructure concessions (the “International peer group”).

These two peer groups are as follows:

French peer group	Air Liquide, Alstom, Bouygues, Danone, Engie, EssilorLuxottica, Legrand, L’Oréal, Michelin, Pernod Ricard, Renault, Safran, Saint-Gobain, Schneider Electric, Stellantis, TotalEnergies, Veolia
International peer group	International peer group Air Liquide, Alstom, Bouygues, Danone, Engie, EssilorLuxottica, Legrand, L’Oréal, Michelin, Pernod Ricard, Renault, Safran, Saint-Gobain, Schneider Electric, Stellantis, TotalEnergies, Veolia Aéroports de Paris, Bouygues, Eiffage, Atlantia, Ferrovial, Hochtief, ACS, AENA, Fraport, Strabag, Skanska

The charts below situate VINCI in relation to the median and the third quartile of each of these peer groups and show that VINCI is positioned above the peer groups in terms of revenue, number of employees and market capitalisation.

Source: Mercer.

According to the results of the benchmarking exercise for 2021, the total remuneration received by VINCI’s Chairman and Chief Executive Officer can be characterised mainly as follows:

The fixed component is near the median and third quartile of both peer groups.
The short-term component (fixed and variable) is near the median of the French peer group but above the median of the International peer group.
The total remuneration (fixed + variable + long-term) is above the median of both panels but near the third quartile of the French peer group.

VINCI vs median of peer groups in 2021

This graph allows us to situate VINCI in relation to the median and the third quartile of each of these peer groups and show that VINCI is positioned above the peer groups in terms of revenue, number of employees and market capitalisation.

In 2021, VINCI made a revenue of approximately €50bn. The Median of French peer group has made a revenue of approximately €33bn. The Median of international peer group made a revenue of approximately €23bn.

VINCI had more than 200,000 employees during that same year, compared to approximately 120,000 employees for the Median of French peer group and approximately 47,000 employees for the Median of international peer group.

In terms of market capitalisation, VINCI reached approximately €52bn. The Median of French peer group was located at approximately €46bn against approximately €10bn for the Median of international peer group.

VINCI vs third quartile of peer groups in 2021

In 2021, VINCI made a revenue of approximately €49bn against approximately €48bn for the Third quartile of French peer group and approximately €25bn for the Third quartile of International peer group.

VINCI had more than 200,000 employees during the same year, against approximately 160,000 employees for the Third quartile of French peer group and approximately 70,000 employees for the Third quartile of International peer group.

In terms of market capitalisation, VINCI reached approximately €52bn . The Third quartile of French peer group was located at approximatively €60bn. The Third quartile of International peer group was located at approximately €15bn.

VINCI’s Chairman and CEO vs median of peer groups in 2021

This graph compares the remuneration of the CEO of VINCI with that of the CEOs of the Median of French peer group and the Median of International peer group in 2021.

In terms of fixed remuneration,

the CEO of VINCI earns approximately €1.2m,
the CEO of the Median of French peer group earns approximately €1.1m
the CEO of the Median of International peer group earns approximately €0.9m.

In terms of short term remuneration (fixed + variable),

the CEO of VINCI earns approximately €3.0m,
the CEO of the Median of French peer group earns approximately €3.0m
the CEO of the Median of International peer group earns approximately €1.7m.

In terms of total remuneration (fixed + variable + long term),

the CEO of VINCI earns approximately €5.3m,
the CEO of the Median of French peer group earns approximately €4.8m
the CEO of the Median of International peer group earns approximately €2.2m

VINCI’s Chairman and CEO vs third quartile of peer groups in 2021

This graph compares the remuneration of the CEO of VINCI with that of the CEOs of the Third quartile of French peer group and the Third quartile of International peer group in 2021.