Certain terms, including some financial terms, related to the VINCI group's activities are defined below.
Average invested capital - Calculation based on five measurement points, i.e. half of invested capital at 1 January plus invested capital at the end of the first, second and third quarters, plus half of invested capital at the end of the year, divided by four.
Average visible equity - Calculation based on five measurement points, i.e. half of equity attributable to holders of capital securities (shareholders) at 1 January plus equity attributable to holders of capital securities at the end of the first, second and third quarters, plus half of equity attributable to holders of capital securities at the end of the year, divided by four.
Basic earnings per share - Net income attributable to owners of the parent divided by the weighted average number of shares outstanding during the period less the weighted average number of treasury shares.
Big Data - A very data set, structured or otherwise, which requires suitable analysis tools. The "big data" phenomenon relates to new uses, such as social media, online video and connected objects, which every day create billions of bytes of data that can no longer be stored, processed and analysed using traditional tools.
BIM (Building Information Modelling) - A digital model allowing collaborators to integrate, manage and visualise all the data needed to design and build a building up to the operation and maintenance phase.
BU (Business Unit) - Profit centre.
Business - The group consists of two core businesses – concessions and contracting – which each consist of business lines.
Capital employed - Non-current assets less the working capital requirement including current provisions and less tax payable.
Cash flow from operating activities - Cash flow from operations adjusted for changes in operating working capital requirement and current provisions, interest paid, income taxes paid and dividends received from companies accounted for under the equity method.
Castor - An employee savings plan open to group staff. the plan is invested in vinci shares, which are offered on preferential terms.
Cloud computing - The use of remote it storage servers, rented on demand, via the internet.
Concessions - All activities that consist of designing, financing and operating transport infrastructure and public amenities under public-private partnerships. the main concessions business lines are vinci autoroutes and vinci airports.
Consolidated invested capital - Total assets minus non-interest-bearing liabilities.
Consolidated return on invested capital - Operating income plus net financial income/expense expressed as a percentage of average invested capital.
Contracting - All activities of the vinci energies, eurovia and vinci construction business lines.
Cookie - A cookie is a small text file stored, with your permission, on your device (computer, mobile or tablet) when you visit a website or click on an ad. It is used to collect information about your browsing actions and send you services adapted to your device (computer, mobile or tablet).
CSR (corporate social responsibility) - Approach through which workforce-related, social and environmental issues are integrated into the group's activities.
Data center - Physical site where hardware making up an organisation's information system (central servers, storage servers etc.) is located.
Design Thinking - An approach based on innovation and innovation management. It involves a combination of analytical thinking and intuitive thinking, and relies on a co-creative process in which the end-user also contributes to the discussion.
Diluted earnings per share - To calculated diluted earnings per share, the weighted average number of shares outstanding is adjusted for the potentially dilutive effect of all equity instruments issued by the company, in particular share subscription options and performance shares. the dilution resulting from the exercise of share subscription options and from performance shares is determined using the method defined in ias 33. in accordance with this standard, plans in which the stock market price is greater than the average price during the period are excluded from the diluted earnings per share calculation.
Dividend - Remuneration paid to shareholders of a company in return for their equity investment. the dividend is set in a shareholders' general meeting by the shareholders, who decide how to appropriate earnings for the relevant period based on the proposals of the board of directors. the dividend is paid to each holder of a unit or share.
EBIT - Earnings before interest and tax.
EBITDA - Earnings before interest, tax, depreciation and amortisation, also referred to as cash flow from operations before tax and net financing costs.
Eco-design - Approach intended to factor in the environment when designing a building and through all stages of the building's life cycle.
Employee Shareholders’ Circle - Group consisting of employee shareholders who have access to exclusive benefits such as site visits, meetings, project-related events and specific publications.
Energy-positive building - A building that produces more energy (in the form of electricity or heat) than is consumed in running it.
Equity per share - Visible equity attributable to shareholders divided by the number of shares in issue at the end of the year.
Equity/asset ratio - Visible equity including non-controlling interests as a percentage of total assets.
Free cash flow - Cash flow from operating activities less net investments in operating assets and growth investments in concessions and ppps.
Gearing - Net interest-bearing debt divided by visible equity including non-controlling interests.
Hackathon - An IT developer event taking place over several days and at least one night, in which developers collaborate on specific, innovative programming issues, using a highly rigorous method with the aim of creating a ready-to-use prototype application.
Innovation Awards - Participatory innovation initiative that encourages all group employees to innovate together as part of regional competitions. practical initiatives may win awards in regional rounds and in the final awards ceremony.
Intrapreneur - A member of a company that, in agreement with the company and while remaining an employee, transforms an idea or project into a business that is profitable and attractive for the company.
IR - Investor Relations.
LEED® (Leadership in Energy and Environmental Development) - An international system for the environmental certification of buildings, based on resource use, location, design and indoor climate of buildings as well as minimisation of energy consumption and waste provide.
Life cycle analysis - Assessment of a building's environmental impact throughout its life cycle, from the acquisition of the raw materials used to build it to its use.
LTAR (Lost Tıme Accident Rate) - A measure of work time lost due to accidents. it is calculated by taking the number of lost time accidents, multiplying by 1,000,000 hours and dividing by the total number of work hours.
Managed services - The outsourcing of some or all of a company’s IT resources under a contract.
Net income excluding non-recurring items attributable to owners of the parent - Net income excluding non-recurring operating items after tax, attributable to owners of the parent.
Net operating financial assets/liabilities - Accounts in debit/liabilities that bear net interest, with the exception of construction loans to co-operative housing associations and retirement benefit obligations that do not bear net interest.
NOPAT (net operating income after tax) - Recurring operating income less theoretical tax expense.
Open Data - Data that an organisation makes available to all, in the form of digital files, so that they can be reused.
Open innovation - Mode of innovation based on sharing and co-operation between group companies and their ecosystems (partners, students, researchers, startups etc.).
Operating cash flow - Cash flow from operating activities adjusted for net investments in operating assets (excluding growth investments in concessions and ppps).
Operating income from ordinary activities - Operating performance of fully consolidated group subsidiaries before taking account of expenses related to share-based payments (ifrs 2). it also excludes the share of the income or loss of companies accounted for under the equity method, and other recurring and non-recurring operating items.
Order book - Difference between order intake for the period and accrued income (recognised expenses plus accrued income adjusted for loss provisions) plus the order book at the start of the period. Proposal: indicator corresponding to the sum of orders received and not yet completed.
Order intake - The dynamic portion of the order book. It consists of newly received orders, after written confirmation or signature of a contract, for which financing has been organised and the project is due to start within 12 months.
Overall performance - Combination of results achieved by the Group, generated by the positive interaction between strategy, financial results and the implementation of effective workforce-related, social and environmental solutions.
PPE (Personal Protective Equipment) - Safety gear that people are required to use on-site.
PPP (Public-Private Partnership) - Privately financed infrastructure project. a method of financing in which a public authority uses private-sector partners to finance and manage a public amenity. ppps are used in many countries in a variety of forms.
Proof of concept (POC) - Practical preliminary experiment carried out on a method or idea to show its feasibility. A POC is carried out well ahead of the development process for a new product or process, and is an important step on the way to a fully functioning prototype.
Recurring operating income - A measure of the group’s recurring operational performance excluding the impact of non-recurring transactions and events during the period. it is obtained by adding the impacts associated with share-based payments (ifrs 2), income/losses from companies accounted for under the equity method and other recurring operating income and expense to operating income from ordinary activities.
Renewable energies - Sources of energy that are replenished naturally and quickly enough that they are considered inexhaustible on a human time scale.
Research & Development (R&D) - A set of activities carried out in a systematic way in order to increase the sum of knowledge, including knowledge about humans, culture and society, in order to create new applications.
Resilience - The Group's ability to adjust to variations in the economic climate by relying on its concession/construction business model.
Return on capital employed (ROCE) - NOPAT excluding non-recurring items, divided by the average capital employed at the opening and closing balance sheet dates for the financial year in question.
Return on equity - Income attributable to shareholders expressed as a percentage of average visible equity attributable to shareholders.
Return on equity (ROE) - Net income for the current period attributable to owners of the parent, divided by equity excluding non-controlling interests at the previous year end.
Return on invested capital in core businesses, markets and operating units - Operating income plus net financial income/expense minus interest income from the VINCI group's cash position and other financial items, expressed as a percentage of average invested capital. Capitalised interest expense is deducted from total assets for the residential and commercial real-estate development businesses.
RSS (Really Simple Syndication) - System of notifications alerting users to updates made to the vinci website.
Shareholders’ Club - Group consisting of individual shareholders who have access to exclusive benefits such as site visits, meetings, project-related events and specific publications.
Sustainable city - A city that complies with the principles of sustainable development and environmentally friendly urban development, taking into account all relevant issues and uses.
Sustainable development - Development that meets the needs of the present without compromising the ability of future generations to meet their own needs. this concept of the common good has been developing since the end of the 20th century.
The City Factory - An endowment fund and think-tank focusing on urban transition, contributing to the debate about urban innovation by supporting pioneering initiatives.
Transport infrastructure - Facilities, organised into networks, designed to help people and goods move around. the creation of transport infrastructure is a major component of town and country planning and often requires heavy investment.
VINCI Foundation for the Community - Corporate citizenship foundation focused on combating exclusion.
VINCI manifesto - Public and written declaration of vinci's eight commitments as a private-sector partner that works in the public interest.