2024 Universal Registration Document

C. Financial indicators by business line and geographical area

VINCI Energies acquired 34 companies in 2024, including Fernao, which provides cybersecurity and IT services in Germany and Switzerland, and RH Marine, a Dutch company specialising in the integration of electrical and automation systems in the maritime industry.

During the year, VINCI Construction made eight acquisitions in North America, France and Australia.

Other changes relate mainly to legal reorganisations within the Group.

2. Changes in consolidation scope in previous periods

VINCI Highways

  • Vía Sumapaz: In April 2023, VINCI Highways acquired an additional stake in Vía 40 Express, now known as Vía Sumapaz, which holds the concession for the toll highway connecting Bogotá and Girardot (141 km) until 2046, from its Colombian partner Constructora Conconcreto, and thereby took control of the company by increasing its stake from 50% to 75%. The company was previously accounted for under the equity method but since that transaction has been fully consolidated in the Group’s financial statements.
  • Entrevias: In May 2023, VINCI Highways acquired a 55% stake in Entrevias, which holds the concession for two toll highway sections in the Brazilian state of São Paulo until 2047, from Brazilian investment firm Pátria Investimentos. VINCI has joint control over Entrevias, and accounts for it under the equity method.

Other acquisitions and transactions

Other changes in 2023 mainly concerned acquisitions by VINCI Energies (34 companies) and VINCI Construction (nine companies).

C. Financial indicators by business line and geographical area

1. Segment information by business line

Based on the Group’s organisational structure and internal reporting system, segment information is presented by business line. The Group’s organisation consists of six business lines in three businesses – Concessions, Energy and Construction – along with VINCI Immobilier, which is a business line that reports directly to the holding company.

In accordance with IFRS 8 “Operating Segments”, segment information is presented according to this organisation.

Concessions

VINCI Autoroutes : motorway concessions in France (ASF, Escota, Cofiroute, Arcour and Arcos).

VINCI Airports : operation of airports in France and in 13 other countries under full ownership, concession contracts and/or delegated management.

Other concessions : VINCI Highways (motorway and road infrastructure, mainly outside France), VINCI Railways (rail infrastructure) and VINCI Stadium (management of four stadiums in France).

Energy

VINCI Energies : services to the manufacturing sector, infrastructure, building solutions and facilities management, and information and communication technology.

Cobra IS : industrial and energy-related services, work on large EPC (engineering, procurement and construction) projects in the energy sector, and development of renewable energy production facilities (solar and wind farms).

Construction

VINCI Construction :

This business line is organised into three business areas:

  • Major Projects : companies designing and carrying out projects that require general contractor capabilities because of their size, complexity or type;
  • Specialty Networks : companies carrying out works in geotechnical and structural engineering, along with related digital activities, and providing services in nuclear engineering;
  • Proximity Networks : local companies active in areas such as building, civil engineering, roadworks, rail works and water works.

VINCI Immobilier : property development (residential properties, commercial properties), management of serviced residences and property services.