€73.520 -1.32 %   14/12/2018 17:35
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VINCI Airports

Contributing to sustainable growth in communities

VINCI Airports draws on its expertise as a full-service provider and the commitment of its 12,000 employees to develop, finance, build and operate airports. It offers its investment capacity, international network and knowhow to optimise the management and performance of existing airports and carry out new-build projects. Ranking among the world’s top five airport operators and active in seven countries, VINCI Airports manages 35 airports, serving 157 million passengers in 2017.

In 2017 VINCI Airports built on its strong growth trajectory, making further gains thanks to record growth in traffic in its airports and expansion of its international network.

VINCI Airports revenue rose 33.5% to €1.4 billion, with organic growth from sustained development of activity in airports already under operation accounting for 13.7%. 2017 was also an eventful year in terms of acquisitions and network extensions, with full-year operation of the Lyon airports in France and the acquisition of new concessions, in Japan (Kobe), Brazil (Salvador de Bahia) and, at the beginning of 2018, in Serbia (Belgrade).

2017 Key figures

35 airports

156.6 million passengers

6,705 employees

Revenue: €1,409m

VINCI Airports’ competitive position

VINCI Airports is one of the top five international players in the airport sector with 35 airports operated worldwide. The main listed companies in the sector are Aena (concession holder of Madrid airport), French group ADP, Fraport (concession holder of Frankfurt airport) and MAHB (concession holder of Kuala Lumpur airport).

In Europe, VINCI Airports operates 10 airports in Portugal (51.8 million passengers) and 12 airports in France (18.2 million passengers), including Lyon-Saint Exupéry and Lyon-Bron since November 2016 (10.3 million passengers).

Outside Europe, VINCI Airports holds concessions for the three international airports in Cambodia (8.8 million passengers).

In Chile, VINCI Airports, under a consortium with ADP and Astaldi, operates Santiago-Arturo Merino Benítez Airport (21.4 million passengers). In the Dominican Republic, VINCI Airports operates six airports (5.1 million passengers).

In Japan, VINCI Airports holds the concession, as part of a consortium with Japanese partners, for the two Osaka airports (43.6 million passengers).

In Brazil, VINCI Airports has been operating Deputado Luís Eduardo Magalhães Airport since 2 January 2018 (7.7 million passengers in 2017).

In 2018, two new airports will be added to VINCI Airports’ portfolio: Kobe (Japan) and Belgrade (Serbia). Together, these two airports managed 8.2 million passengers in 2017.

Perspectives

VINCI expects its Concessions business to post further growth in 2018.

Traffic on VINCI Autoroutes’ network should continue its upward trend against an improved economic backdrop in Europe, which facilitates national and transnational trade. VINCI Airports will continue its growth, boosted by the extension of its international portfolio and sustained growth in passenger numbers. The pace of growth will, however, be less brisk than in previous years due to the high base for comparison. VINCI Highways, meanwhile, will benefit from the contribution from concession and operation contracts recently won in Europe and the Americas. Lastly, 2018 will be the first full year of operation of the South Europe Atlantic high-speed rail line in France. VINCI expects it to go on being a commercial success or become even more successful.

In programme management, the Group will be applying its expertise as an integrated concession operator-builder to a large number of projects: in France, where the motorway stimulus plan projects make VINCI Autoroutes one of the country’s main programme managers of public works; outside France, with the works programmes associated with the airport concession in Chile and motorway concessions in Germany, Russia, Canada, Colombia and Peru.

VINCI will continue its proactive business development strategy, taking over existing concessions in the airport and motorway sectors, as well as acquiring new concessions. The skills sharing and mobility within the VINCI Concessions divisions (VINCI Airports, VINCI Highways, VINCI Railways) and with VINCI Autoroutes will facilitate the approach to new markets. That approach will also benefit from synergies with Contracting business lines and their networks, which operate all over the world. In line with the Group’s unwavering policy, these developments will help replenish the concession portfolio by expanding its international footprint and extending its average maturity.

New avenues for creating value will be opened up through innovation. Innovation policies will optimise the operational performance of each business line and identify new services for infrastructure users, focusing in particular on connected mobility and the journey experience. In the longer term, the Group-wide innovation approach will reveal new business models, associated with the profound transformation in infrastructure and mobility practices.