Stock market and shareholder base
STOCK MARKET AND SHAREHOLDER BASE
The VINCI Shareholders’ General Meeting was held in Paris on 12 April 2022.
SHARE PRICE STABILITY AMID BEARISH AND VOLATILE FINANCIAL MARKETS
The VINCI share price held steady throughout 2022 (up 0.4%), closing at €93.29 on 31 December 2022. In a particularly volatile economic and geopolitical environment, it moved between a high of €103.00 in early February 2022 – near its record high of €106.75 in February 2020 – and a low of €81.18 in October 2022.
Financial markets declined overall in 2022, a year marked by the conflict in Ukraine, an energy crisis, strong inflationary pressures and unprecedented monetary tightening by major central banks.
In this turbulent context, the VINCI share delivered the seventh best performance in the CAC 40, which fell 9.5% over the year. At 31 December 2022, the Group ranked 13th in the CAC 40 with a market capitalisation of €55 billion.
DIVIDEND: €4.00 PER SHARE, A YIELD OF 4.3%
In light of the Group’s excellent performance and as a sign of confidence in its continued long-term growth, the Board of Directors decided on 8 February 2023 to propose, at the Shareholders’ General Meeting of 13 April 2023, a total dividend of €4.00 per share in respect of 2022.
The dividend represents an increase of almost 38% on the previous year and a yield of 4.3% based on the share price at 31 December 2022. Since an interim dividend of €1.00 was paid in November 2022, the final dividend payment on 27 April 2023 will be €3.00 per share if approved at the Shareholders’ General Meeting.
PREDOMINANTLY POSITIVE LONG-TERM PERFORMANCE
In the past 10 years, the VINCI share price has increased 159%, compared to 78% growth over the same period for the CAC 40.
A VINCI shareholder who invested €1,000 on 31 December 2012 and reinvested all dividends received would have had an investment of €3,560 on 31 December 2022, representing an average annual return of 13.5% (versus a 9.2% return for the CAC 40).
HIGHLY INTERNATIONAL AND DIVERSIFIED SHAREHOLDER BASE
At 31 December 2022, according to shareholder surveys, 76% of VINCI’s share capital was held by some 1,000 investment funds, located mainly in North America, the United Kingdom and France, but also in the rest of continental Europe, the Middle East, Asia and Oceania.
SHARING THE BENEFITS OF VINCI’S SUCCESS WITH EMPLOYEES
Employee savings funds combine the investments of approximately 160,000 former and current employees, of which around 35,000 are based outside of France. At 31 December 2022, these funds owned 9.9% of VINCI’s share capital, making employees the Group’s biggest shareholder. In addition, an estimated 300,000 individual shareholders, excluding employee savings funds, held 9.5% of our share capital.
Treasury shares represented 4.4% of our share capital at 31 December 2022. Treasury shares are held to cover long-term incentive plans and employee share ownership plans outside France, to be used as payment in external growth transactions, or to be sold or cancelled.