After weathering the Covid-19 health crisis despite travel restrictions, traffic on the VINCI Autoroutes network bounced back fully in 2022.
Because road travel is set to remain the main mode of transport, and is also the mobility sector’s biggest carbon emitter, VINCI Autoroutes is stepping up the transformation of its infrastructure and services to ensure the massive uptake of new decarbonised mobility practices.
Despite sharp fuel price rises in 2022 and shortages in October, traffic on the VINCI Autoroutes network surpassed levels reached in 2019 – the pre-pandemic baseline year. Light vehicle traffic grew 6.7% on 2021 – a year still impacted by pandemic travel restrictions – and 1.1% on 2019.
Heavy vehicle traffic grew 2.0% on the previous year and 5.1% on 2019, buoyed by e-commerce and the logistics sector – whose hub network is partly on motor-way routes.
In these conditions, VINCI Autoroutes’ revenue grew 8.2% to €6.0 billion, com-pared with 2021.
Investment remained high at nearly €600 million. It mostly concerned road widening, upgrades and environmental performance improvements to existing networks under the motorway stimulus plan and motorway investment plan, as well as surface and infrastructure maintenance work.
The stable contractual framework of the concession model is well suited to long-term investment and financing.
At 31 December 2022, the net financial debt of VINCI Autoroutes companies amounted to €17 billion. At the end of August 2022, ASF issued an €850 million 10-year bond, which was later increased to €925 million. In January 2023, it issued a second €700 million 10-year bond. These transactions enabled ASF to maintain the average maturity of its debt on terms that are attractive given current terms in the credit market.
€600 m invested in 2022.
