In accordance with the sixth paragraph of Article L.22-10-9 I of the French Commercial Code, it is noted that the ratio between the Chairman and Chief Executive Officer’s total annual remuneration (fixed, variable and long-term components) and
The indicators mentioned in Article L.22-10-9 recorded the movements shown in the table below:
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Annual change in the Chairman and Chief Executive Officer’s remuneration (*) | + 0,5 % | - 9,2 % | + 27,9 % | + 14,8 % | - 0,1 % |
| Annual change in net income attributable to owners of the parent | - 61,9 % | + 109,1 % | + 64 % | + 10,4 % | + 3,4 % |
| Annual change in the average remuneration (**) of the Company’s employees | - 4,1 % | + 4,4 % | + 9,9 % | + 8,1 % | - 2,8 % |
| Annual change in the average remuneration (**) of employees in France of companies over which VINCI has exclusive control | - 4,7 % | + 3,9 % | + 3,1 % | + 5,1 % | + 3,1 % |
| Annual change in Ratio A | + 4,6 % | - 13,1 % | + 16,5 % | + 6,2 % | + 2,8 % |
| Annual change in Ratio B | - 6,0 % | - 8,4 % | + 17,1 % | + 11,0 % | + 4,7 % |
| Annual change in Ratio C | + 5,4 % | - 12,5 % | + 24,2 % | + 9,3 % | - 3,1 % |
At its meeting of 6 February 2025, acting on a proposal from the Remuneration Committee and on a separate proposal prepared jointly by this committee and the Appointments and Corporate Governance Committee for the managerial and ESG parts, the Board approved the short-term variable remuneration payable to Xavier Huillard for 2024 as shown below.
Economic and financial part
The following movements were recorded for the indicators relating to economic and financial performance in 2024:
|
Indicateurs (*) |
2024 | 2023 | 2024/2023 change | 2024 bonus(in €) | Upper limit applicable for 2024 |
|---|---|---|---|---|---|
| Earnings per share attributable to owners of the parent (in € millions) | Earnings per share attributable to owners of the parent (in € millions) 20248.93 |
Earnings per share attributable to owners of the parent (in € millions) 20238,18 |
Earnings per share attributable to owners of the parent (in € millions) 2024/2023 change+ 9.2 % |
Earnings per share attributable to owners of the parent (in € millions) 2024 bonus(in €)€403,287 |
Earnings per share attributable to owners of the parent (in € millions) Upper limit applicable for 2024€416,000 potentially raised to €499,200 (**) |
| Recurring operating income (in € millions) | Recurring operating income (in € millions) 20249,135 |
Recurring operating income (in € millions) 20238,175 |
Recurring operating income (in € millions) 2024/2023 change+ 11.7 % |
Recurring operating income (in € millions) 2024 bonus(in €)€423,224 |
Recurring operating income (in € millions) Upper limit applicable for 2024€416,000 potentially raised to €499,200(**) |
| Operating cash flow (***)(in € millions) | Operating cash flow (***)(in € millions) 20249,147 |
Operating cash flow (***)(in € millions) 20237,414 |
Operating cash flow (***)(in € millions) 2024/2023 change+ 23.4 % |
Operating cash flow (***)(in € millions) 2024 bonus(in €)€471,648 |
Operating cash flow (***)(in € millions) Upper limit applicable for 2024€416,000 potentially raised to €499,200 (**) |
| Capping effect | Capping effect 2024
|
Capping effect 2023
|
Capping effect 2024/2023 change
|
Capping effect 2024 bonus(in €)−€50,159 |
Capping effect Upper limit applicable for 2024
|
| Total economic and financial part | Total economic and financial part2024
|
Total economic and financial part2023
|
Total economic and financial part2024/2023 change
|
Total economic and financial part 2024 bonus(in €)€1,248,000 | Total economic and financial partUpper limit applicable for 2024€1,248,000 |
Given the level of operating cash flow achieved by the Group at the end of 2023, the Board decided that economic and financial performance indicators for 2024 would be measured in relation to the average of each indicator as noted at 31 December 2022 and 31 December 2023.
Part based on managerial and ESG performance
At its meeting of 6 February 2025, the Board approved the recommendations of the Remuneration Committee and the Appointments and Corporate Governance Committee, which had examined managerial and ESG performance in detail.
