2024 Universal Registration Document

General and financial elements

Number of shares

  31/12/2023 Increases: buy-backs Decreases: cancellations and transfers 31/12/2024
Shares bought back to use in payment or exchange

Shares bought back to use in payment or exchange

31/12/2023

4,677,876

Shares bought back to use in payment or exchange

Increases: buy-backs

-

Shares bought back to use in payment or exchange

Decreases: cancellations and transfers

-

Shares bought back to use in payment or exchange

31/12/2024

4,677,876

Shares bought back to be cancelled

Shares bought back to be cancelled

31/12/2023

168,483

Shares bought back to be cancelled

Increases: buy-backs

13,311,554

Shares bought back to be cancelled

Decreases: cancellations and transfers

(13,480,037)

Shares bought back to be cancelled

31/12/2024

-

Subtotal non-current financial assets

Subtotal non-current financial assets

31/12/2023

4,846,359

Subtotal non-current financial assets

Increases: buy-backs

13,311,554

Subtotal non-current financial assets

Decreases: cancellations and transfers

(13,480,037)

Subtotal non-current financial assets

31/12/2024

4,677,876

Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans

Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans

31/12/2023

13,392,373

Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans

Increases: buy-backs

4,588,555

Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans

Decreases: cancellations and transfers

(3,259,368)

Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans

31/12/2024

14,721,560

Subtotal current assets

Subtotal current assets

31/12/2023

13,392,373

Subtotal current assets

Increases: buy-backs

4,588,555

Subtotal current assets

Decreases: cancellations and transfers

(3,259,368)

Subtotal current assets

31/12/2024

14,721,560

Total cash transactions on VINCI shares

Total cash transactions on VINCI shares

31/12/2023

18,238,732

Total cash transactions on VINCI shares

Increases: buy-backs

17,900,109

Total cash transactions on VINCI shares

Decreases: cancellations and transfers

(16,739,405)

Total cash transactions on VINCI shares

31/12/2024

19,399,436

At 31 December 2024, VINCI held 19,399,436 treasury shares directly (representing 3.33% of the share capital), for a total of €1,566 million or an average of €80.74 per share:

  • 14,721,560 shares (€1,360 million) were allocated to covering long-term incentive plans and employee share ownership transactions;
  • 4,677,876 shares (€206 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 Regulated provisions Total
Equity at 31/12/2023

Equity at 31/12/2023

Capital

1,473

Equity at 31/12/2023

Share premium

13,510

Equity at 31/12/2023

Reserves and retained earnings

15,656

Equity at 31/12/2023

Profit or loss

2,412

Equity at 31/12/2023

Regulated provisions

8

Equity at 31/12/2023

Total

33,059

Appropriation of 2023 net income

Appropriation of 2023 net income

Capital

-

Appropriation of 2023 net income

Share premium

-

Appropriation of 2023 net income

Reserves and retained earnings

2,412

Appropriation of 2023 net income

Profit or loss

(2,412)

Appropriation of 2023 net income

Regulated provisions

-

Appropriation of 2023 net income

Total

-

Dividends paid in respect of 2024 Dividends paid in respect of 2024

Capital

-

Dividends paid in respect of 2024

Share premium

-

Dividends paid in respect of 2024

Reserves and retained earnings

(2,570)

Dividends paid in respect of 2024

Profit or loss

-

Dividends paid in respect of 2024

Regulated provisions

-

Dividends paid in respect of 2024

Total

(2,570)

Increase in share capital

Increase in share capital

Capital

16

Increase in share capital

Share premium

652

Increase in share capital

Reserves and retained earnings

-

Increase in share capital

Profit or loss

-

Increase in share capital

Regulated provisions

-

Increase in share capital

Total

668

Decrease in share capital

Decrease in share capital

Capital

(35)

Decrease in share capital

Share premium

-

Decrease in share capital

Reserves and retained earnings

(1,460)

Decrease in share capital

Profit or loss

-

Decrease in share capital

Regulated provisions

-

Decrease in share capital

Total

(1,495)

Net income for 2024

Net income for 2024

Capital

-

Net income for 2024

Share premium

-

Net income for 2024

Reserves and retained earnings

-

Net income for 2024

Profit or loss

1,784

Net income for 2024

Regulated provisions

-

Net income for 2024

Total

1,784

Regulated provisions

Regulated provisions

Capital

-

Regulated provisions

Share premium

-

Regulated provisions

Reserves and retained earnings

-

Regulated provisions

Profit or loss

-

Regulated provisions

Regulated provisions

4

Regulated provisions

Total

4

Equity at 31/12/2024

Equity at 31/12/2024

Capital

1,455

Equity at 31/12/2024

Share premium

14,162

Equity at 31/12/2024

Reserves and retained earnings

14,038

Equity at 31/12/2024

Profit or loss

1,784

Equity at 31/12/2024

Regulated provisions

12

Equity at 31/12/2024

Total

31,451

At 31 December 2024, VINCI’s share capital amounted to €1,455 million, represented by 581,816,830 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 2024.

Dividends paid by VINCI SA in 2024 amounted to €2,570 million, corresponding to the final dividend in respect of 2023 for €1,973 million (€3.45 per share) paid in cash on 25 April 2024 and the interim dividend in respect of 2024 for €597 million (€1.05 per share) paid on 17 October 2024.

The share capital increases in 2024, amounting to €668 million, resulted from employee subscriptions to Group savings plans.

In addition, VINCI cancelled 13,803,182 treasury shares in two transactions in June and December 2024, with a purchase price of €1,495 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

6,571,365

Employees’ subscriptions to Group savings plans

Capital

16

Employees’ subscriptions to Group savings plans

Share premiums and other reserves

652

Employees’ subscriptions to Group savings plans

Total

668

Decrease in share capital Decrease in share capital

Number of shares

(13,803,182)
Decrease in share capital

Capital

(35)

Decrease in share capital

Share premiums and other reserves

(1,460)

Decrease in share capital

Total

(1,495)
Total

Total

Number of shares

(7,231,817)

Total

Capital

(18)

Total

Share premiums and other reserves

(808)

Total

Total

(826)

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.