2023 UNIVERSAL REGISTRATION DOCUMENT

At 31 December 2023, VINCI held 18,238,732 treasury shares directly (representing 3.10% of the share capital), for a total of €1,419 million or an average of €77.82 per share:

13,392,373 shares (€1,196 million) were allocated to covering long-term incentive plans and employee share ownership transactions;
4,846,359 shares (€223 million) were intended to be either exchanged as part of acquisition transactions, sold or cancelled.

VINCI sets up long-term incentive plans each year, which involve the granting of conditional awards of performance shares to selected beneficiaries. Under these plans, shares only vest at the end of a three-year period, subject to continued employment within the Group, and the number of shares that will vest depends on the extent to which the internal and external performance conditions are met.

4. Equity

(in € millions)	Capital	Share premium	Reserves and retained earnings Profit or loss	Profit or loss	Regulated provisions	Total
Equity at 31/12/2022	Equity at 31/12/2022Capital1,473	Equity at 31/12/2022Share premium12,822	Equity at 31/12/2022Reserves and retained earnings Profit or loss15,909	Equity at 31/12/2022Profit or loss2,853	Equity at 31/12/2022Regulated provisions4	Equity at 31/12/2022Total33,062
Appropriation of 2022 net income	Appropriation of 2022 net income Capital -	Appropriation of 2022 net income Share premium -	Appropriation of 2022 net income Reserves and retained earnings Profit or loss 2,853	Appropriation of 2022 net income Profit or loss (2,853)	Appropriation of 2022 net income Regulated provisions -	Appropriation of 2022 net income Total -
Dividends paid in respect of 2023	Dividends paid in respect of 2023 Capital -	Dividends paid in respect of 2023 Share premium -	Dividends paid in respect of 2023 Reserves and retained earnings Profit or loss (2,293)	Dividends paid in respect of 2023 Profit or loss -	Dividends paid in respect of 2023 Regulated provisions -	Dividends paid in respect of 2023 Total (2,293)
Increase in share capital	Increase in share capital Capital 21	Increase in share capital Share premium 688	Increase in share capital Reserves and retained earnings Profit or loss -	Increase in share capital Profit or loss -	Increase in share capital Regulated provisions -	Increase in share capital Total 709
Decrease in share capital	Decrease in share capital Capital (22)	Decrease in share capital Share premium -	Decrease in share capital Reserves and retained earnings Profit or loss (813)	Decrease in share capital Profit or loss -	Decrease in share capital Regulated provisions -	Decrease in share capital Total (835)
Net income for 2023	Net income for 2023 Capital -	Net income for 2023 Share premium -	Net income for 2023 Reserves and retained earnings Profit or loss -	Net income for 2023 Profit or loss 2,412	Net income for 2023 Regulated provisions -	Net income for 2023 Total 2,412
Regulated provisions	Regulated provisions Capital -	Regulated provisions Share premium -	Regulated provisions Reserves and retained earnings Profit or loss -	Regulated provisions Profit or loss -	Regulated provisions Regulated provisions 4	Regulated provisions Total 4
Capitaux propres au 31/12/2023	Capitaux propres au 31/12/2023Capital1 473	Capitaux propres au 31/12/2023Share premium13 510	Capitaux propres au 31/12/2023Reserves and retained earnings Profit or loss15 656	Capitaux propres au 31/12/2023Profit or loss2 412	Capitaux propres au 31/12/2023Regulated provisions8	Capitaux propres au 31/12/2023Total33,059

At 31 December 2023, VINCI’s share capital amounted to €1,473 million, represented by 589,048,647 shares with a nominal value of €2.50 each.

VINCI has reserves (share premiums, merger and contribution premiums, reserves other than the statutory reserve) of an amount greater than the amount of all the treasury shares it owned directly or indirectly at 31 December 2023.

Dividends paid by VINCI SA in 2023 amounted to €2,293 million, corresponding to the final dividend in respect of 2022 for €1,694 million (€3.00 per share) paid in cash on 27 April 2023 and the interim dividend in respect of 2023 for €599 million (€1.05 per share) paid on 16 November 2023.

The share capital increases in 2023, amounting to €709 million, resulted from employee subscriptions to Group savings plans.

In addition, VINCI cancelled 8,700,000 treasury shares in December 2023, with a purchase price of €835 million.

(in € millions)	Number of shares	Capital	Share premiums and other reserves	Total
Employees’ subscriptions to Group savings plans	Employees’ subscriptions to Group savings plans Number of shares 8,361,317	Employees’ subscriptions to Group savings plans Capital 21	Employees’ subscriptions to Group savings plans Share premiums and other reserves 688	Employees’ subscriptions to Group savings plans Total 709
Decrease in share capital	Decrease in share capital Number of shares (8,700,000)	Decrease in share capital Capital (22)	Decrease in share capital Share premiums and other reserves (813)	Decrease in share capital Total (835)
Total	TotalNumber of shares(338,683)	TotalCapital(1)	TotalShare premiums and other reserves(125)	TotalTotal(126)

5. Provisions

Accounting policies and methods

Provisions are recorded in the balance sheet in respect of the Company’s obligations to pay supplementary pensions to certain employees or company officers, for the part relating to beneficiaries who are retired. An off-balance sheet commitment is recorded for the portion relating to beneficiaries who have not yet retired.

Retirement benefit obligations (lump sums paid on retirement and supplementary retirement benefit plans) are measured using the prospective actuarial method (the projected unit credit method) on the basis of external assessments made at each period end, for each existing plan.

Other provisions are intended to cover the risks arising from past or present events that are probable at the balance sheet date. They are estimates as regards their amount and expected period of use.

Provisions reported under liabilities

(in € millions)	31/12/2022	Expense	Provisions used	No longer needed	31/12/2023
non-inclus	non-inclus	non-inclus	Reversals		non-inclus
Retirement and other employee benefit obligations	25	1	(2)	-	23
Liabilities in respect of subsidiaries	18	-	-	(15)	3
Other provisions	643	29	(74)	-	597
Total	685	29	(76)	(15)	624