CONCESSIONS
VINCI’s strategy for its Concessions business focuses on transport infrastructure. Like its concession contracts, this strategy is long-term. It aims to diversify, renew and internationalise the Group’s mix of concessions and extend the average maturity of its portfolio. VINCI’s fast growth in airport and motorway concessions since the 2000s, both in France and internationally, results from its steady implementation of this strategy.
To achieve its aims, the Group harnesses its integrated expertise – as an investor and developer of projects, a designer and builder of infrastructure, and an infrastructure operator and maintenance provider – and combines this know-how with its partnership culture and experience collaborating with the local authorities and stakeholders in its ecosystems.
Since the integration of Cobra IS in 2022, this strategy has been applied to renewable energy projects. The Group is leveraging Cobra IS’s specialised range of activities to build a portfolio of electricity production assets. By the end of 2023, the total capacity of its photovoltaic projects in operation or under construction is expected to reach around 2 GW. The longer-term opportunities identified point to the significant growth prospects of this type of asset, in the context of a general shift toward developing renewable energies.
Structural demand for mobility, along with the large investments needed to adapt transport infrastructure to low-carbon uses while reinforcing its climate resilience, will also deliver a long-term boost to transport infrastructure concessions.
In all these sectors, new project development will benefit from synergies between the Concessions, Energy and Construction businesses, building on their areas of expertise and established presence in the targeted regions.
ENERGY
VINCI has focused strategically on its energy activities since the early 2000s. This has resulted in the very sharp internal and external growth of VINCI Energies, whose expertise in energy infrastructure and information technology have proven to be fully aligned with fundamental market trends. The Group’s expansion in this area accelerated with the integration of Cobra IS, the former energy arm of the ACS group, on 1 January 2022. Cobra IS is a complementary fit with VINCI Energies, with a strong foothold in the Iberian Peninsula and Latin America and a solid reputation for delivering large EPC (Engineering, Procurement and Construction) projects.
Spurred by this addition to its Energy business, VINCI will pursue growth in these markets, buoyed for the long term by the environmental transition and the continuous development of renewable energies.
CONSTRUCTION
VINCI Construction is one of the Group’s earliest businesses and where its entrepreneurial culture all started. Today, it is a global construction industry leader. The integration of Eurovia’s activities, in 2021, brought all of VINCI Construction’s building, civil engineering and infrastructure know-how into one business line. The new organisation creates internal synergies and facilitates innovation to develop efficient solutions for increasingly complex projects.
VINCI Construction will continue to develop its three pillars – major projects, networks of specialist subsidiaries and networks of local subsidiaries –, using this combined global and local approach to achieve optimal market coverage and extend the international reach of the Group’s activities. Targeted acquisitions may round out the Construction business line's presence and expertise.
1 Business recovery picked up pace across all of the Group’s transport infrastructure, both in France and worldwide.
2 VINCI has made great strides in energy infrastructure, especially in renewable energies, one of Cobra IS’s businesses.
3 VINCI Construction covers an unparalleled array of construction expertise.