2025 Universal Registration Document

Concessions

A TRUSTED PARTNER TO REGIONS AND NATIONS

Building on its experience investing in and developing design-build, operation and maintenance projects, VINCI Concessions positions itself as a long-term partner to regions and nations, helping them grow. As such, in 2025, London Gatwick airport received the go-ahead from the UK government regarding the use of its second runway, which will boost economic appeal and growth for the Greater London area. In Portugal, government approval for the preliminary design of the new Lisbon airport strengthened the trusted relationship with VINCI Concessions. In Brazil, the integration of Via Cristais and the consolidation of Entrevias increased the total motorway network operated in the country to 1,164 km. The infrastructure financed, built or operated by VINCI Concessions supports a considerable number of induced jobs in the regions concerned. In line with the Group’s all-round performance target, each concession is managed in a decentralised way, from a long-term perspective, aiming to achieve the highest standards in operational, environmental and social performance, as well as user safety. The concession model allows for investment in the infrastructure throughout its life cycle, independent from budget constraints weighing on governments. Each year, VINCI Concessions invests in its assets under concession to ensure continuous improvement in service quality, harnessing its capacity for innovation.

A STRONG INNOVATION CULTURE

In its role as a concession company, VINCI leverages a corporate culture that encourages initiatives from the ground and a network of centres of excellence specialising in key areas (such as flow management, connected infrastructure, customer experience, road safety, toll services and payment methods), where new solutions are tested, assessed and shared. Among the most recent innovations, several European airports within the VINCI Airports network trialled the Smart Turnaround solution in 2025. The system uses artificial intelligence to optimise plane rotations between landing and take-off, significantly enhancing efficiency and traffic flows.

LISEA also developed the Diadem solution, which detects anomalies and vulnerabilities in the rolling stock operated by railway companies by analysing data collected through sensors installed along the South Europe Atlantic high-speed line. This allows operators to implement predictive maintenance. At VINCI Autoroutes, the PatrolCare solution uses artificial intelligence and computer vision to maintain safety on work areas across the road network.

LOCAL MANAGEMENT AND THE STRENGTH OF A GLOBAL NETWORK

With VINCI Concessions’ decentralised organisation, infrastructure is operated in a way that takes local realities and specificities into consideration while harnessing the experience and skill acquired across the Group to roll out tried and tested best practices from across the world. This model, in which each project or investment combines overall performance and in-depth knowledge of the local environment, has won the Group concessions with a wide range of profiles and needs in 25 countries throughout Europe, Asia, Africa and the Americas.

LEVERAGING ENVIRONMENTAL AMBITION TO DECARBONISE MOBILITY

In close collaboration with its stakeholders, VINCI Concessions rolls out its environmental ambition on the ground, in particular by decarbonising the infrastructure managed by the Group. In 2025, VINCI Concessions reduced the direct emissions of its infrastructure by 65% from 2018 levels, in pursuit of its target, 67% by 2030. Solar panels totalling 94 MWp have been installed across VINCI Concessions’ infrastructure. Moreover, the VINCI Airports network is the world’s leading contributor to the Airport Carbon Accreditation (ACA) programme. Six of its airports in three countries have achieved the net zero emissions target for their direct scope. In France, VINCI Autoroutes boasts the highest number of electric vehicle charge points per 100 km and is one of the best equipped networks in the world. This reflects its commitment to reducing indirect emissions (Scope 3) while continuing to respond to growing mobility needs. In addition to everyday mobility, VINCI Concessions is developing public charging stations for electric heavy vehicles along major roads. In 2025, VINCI Concessions commissioned the first of 108 EV charging stations in Germany, under the federal government’s Deutschlandnetz project, which plans to develop ultra-fast EV charge points throughout the country. From financing through to operation, VINCI Concessions provides businesses and local authorities with turnkey solutions to support them in their energy transition by fully capitalising on their building and land potential. SunMind is VINCI’s subsidiary that specialises in developing, designing, financing, building and operating photovoltaic infrastructure.

Via its decentralised model, VINCI Concessions operates its infrastructure in a way that takes local realities into consideration, while harnessing the skills acquired on a global scale.