2013-vinci-annual-report

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VINCI’s concessions worldwide 38 CONCESSIONS INFRASTRUCTURE DESCRIPTION COUNTRY SHARE CAPITAL HELD Motorway and road infrastructure Network under concession END OF CONTRACT ASF network (excl. Puymorens Tunnel, 5 km) 2,710 km France 100% 2033 Cofiroute network (excl. A86 Duplex Tunnel, 11 km) 1,100 km France 100% (1) 2031 Escota network 459 km France 99% 2027 Arcour (A19) 101 km France 100% 2070 Openly, Lyon 10 km France 100% <strong>2013</strong> (2) Martinique BRT system (3) 2.5 km France 100% 2035 R1 (PR1BINA) expressway 52 km Slovakia 50% 2041 A-Modell A4 motorway 45 km Germany 50% 2037 A-Modell A5 motorway (3) 60 km Germany 54% 2039 A-Modell A9 motorway (3) 46.5 km Germany 50% 2031 Newport Southern Distributor Road 10 km United Kingdom 50% 2042 Hounslow district road network 432 km of roads and 763 km of pavements United Kingdom 50% 2037 Isle of Wight road network 821 km of roads and 767 km of pavements United Kingdom 50% 2038 Moscow–St Petersburg motorway (3) 43 km Russia 50% 2040 Athens-Tsakona motorway (3) 365 km Greece 30% 2038 Maliakos-Kleidi motorway (3) 240 km Greece 14% 2038 Fredericton-Moncton Highway 200 km Canada 25% 2028 Trans Jamaican Highway 34 km Jamaica 13% 2030 Road bridges and tunnels A86 Duplex Tunnel Rueil Malmaison–Jouy en Josas/Versailles (11 km) France 100% (1) 2086 Puymorens Tunnel Tunnel in the Pyrenees (5 km) France 100% 2037 Prado Carénage Tunnel Tunnel in Marseille France 33% 2025 Prado Sud Tunnel Tunnel in Marseille France 59% 2055 Charilaos Trikoupis Bridge Peloponnese–mainland Greece 57% 2039 Tagus bridges Two bridges in Lisbon Portugal 37% 2030 Severn Crossings Two bridges over the Severn United Kingdom 35% 2018 (4) East End Crossing (3) Bridges and a tunnel linking Kentucky to Indiana United States 33% 2051 Coentunnel Tunnel in Amsterdam Netherlands 21% 2037 Confederation Bridge Prince Edward Island–mainland Canada 20% 2032 Rail infrastructure Liefkenshoek Underground rail link (16 km) in Antwerp Belgium 28% 2050 Rhônexpress Light rail system (23 km) in Lyon France 35% 2038 GSM-Rail (3) Wireless communication system France 30% 2025 over 14,000 km of rail lines SEA HSL (3) High-speed rail line (302 km) between Tours and Bordeaux France 33% 2061 Parking facilities VINCI Park 1.8 million spaces, of which 0.4 million World 100% (5) under concession or freehold Car Rental Center, Nice Côte d‘Azur Airport 60,000 sq. metre building France 100% 2040 Truck Étape Two secure parking facilities for heavy goods vehicles France 100% Airports Rennes, Dinard France 49% 2024 (2) Ancenis, Chambéry, Clermont Ferrand, Grenoble, France 100% from 2014 to 2029 (2) Poitiers Biard, Quimper Nantes Atlantique, Saint Nazaire Montoir France 85% 2065 Lisbon, Porto, Faro, Beja, Ponta Delgada, Horta, Portugal 100% 2063 Flores, Santa Maria, Funchal, Porto Santo Phnom Penh, Siem Reap, Sihanoukville Cambodia 70% 2040 (4) Stadiums Stade de France 80,000 seats France 67% 2025 Le Mans stadium (MMArena) 25,000 seats France 100% 2043 Nice stadium (Allianz Riviera) 35,000 seats France 50% 2040 Bordeaux stadium (3) 42,000 seats France 50% 2045 Dunkirk arena (3) 10,700 seats France 50% 2040 Other public facilities Public lighting in Rouen (Lucitea) France 100% 2027 Public lighting in Goussainville France 100% 2026 Automation of river dams (3) 31 dams on the Aisne and Meuse rivers France 50% 2043 (1) Minority shareholder buy-out finalised on 31 January 2014. (2) Service, management or public service contracts. (3) Under construction or to be built. (4) Estimated date of end of contract. (5) 26.8 years: average residual term for the 421,000 spaces under concession.
Rail infrastructure Parking facilities Airports Motorway and road infrastructure Stadiums and other public facilities Infrastructure projects under study EUROPE Germany Toll Collect (motorway toll system) 12,000 parking spaces A-Modell A4 motorway A-Modell A5 motorway A-Modell A9 motorway Belgium Liefkenshoek rail link, Antwerp 57,000 parking spaces Spain 96,000 parking spaces France ASF network Cofiroute network Escota network A86 Duplex Tunnel Arcour (A19) Openly, Lyon Prado Carénage Tunnel Prado Sud Tunnel Truck Étape Rhônexpress 451,000 parking spaces Stade de France Le Mans stadium Nice stadium Bordeaux stadium Dunkirk arena 10 airports Car Rental Center, Nice Côte d’Azur Airport GSM-Rail SEA Tours–Bordeaux HSL Public lighting, Goussainville Public lighting, Rouen Martinique BRT system 31 dams on the Aisne and Meuse Greece Charilaos Trikoupis Bridge Athens–Tsakona motorway Maliakos–Kleidi motorway Luxembourg 57,000 parking spaces Netherlands Coentunnel Poland Portugal 10 airports Two bridges over the Tagus Czech Republic 38,000 parking spaces Romania United Kingdom Newport Southern Distributor Road Severn Crossings 144,000 parking spaces Hounslow district road network Isle of Wight road network Russia 900 parking spaces Moscow-St Petersburg motorway Slovakia 5,000 parking spaces R1 (PR1BINA) expressway Switzerland 6,000 parking spaces INTERNATIONAL Brazil 31,000 parking spaces Cambodia 3 airports Canada Fredericton-Moncton Highway Confederation Bridge 143,000 parking spaces Colombia United States East End Crossing 712,000 parking spaces India Jamaica Trans Jamaican Highway Peru Qatar 7,000 parking spaces CONCESSIONS 39
Page 1 and 2: ANNUAL REPORT 2013
Page 3 and 4: KEY FIGURES €40.3 billion REVENUE
Page 5 and 6: PROFILE VINCI is a global player in
Page 7 and 8: GROUP / 2013 ALBUM 03 Finalised in
Page 9 and 10: GROUP / 2013 ALBUM 05 Having built
Page 11 and 12: GROUP / 2013 ALBUM 07 includes Euro
Page 13 and 14: GROUP / 2013 ALBUM 09 Actemium, the
Page 15 and 16: GROUP / 2013 ALBUM 11 Launched duri
Page 17 and 18: GROUP / 2013 ALBUM 13 components, e
Page 19 and 20: GROUP / 2013 ALBUM 15 permanent tra
Page 21 and 22: CORPORATE GOVERNANCE Board of Direc
Page 23 and 24: 04 05 2014 Management and Coordinat
Page 25 and 26: Milestones 02 01 VINCI’s drive to
Page 27 and 28: Our Group is multi-local and multi-
Page 29 and 30: DESIGN AND BUILD TOGETHER We commit
Page 31 and 32: PROMOTE GREEN GROWTH TOGETHER We co
Page 33 and 34: STRIVE FOR ZERO ACCIDENTS TOGETHER
Page 35 and 36: PROMOTE SUSTAINABLE CAREERS TOGETHE
Page 37 and 38: INNOVATING TO CREATE VALUE The Grou
Page 39 and 40: Return on investment in VINCI share
Page 41: CONCESSIONS VINCI AUTOROUTES VINCI
Page 45 and 46: Profile VINCI Autoroutes designs, b
Page 47 and 48: CREATING LONG-TERM VALUE VINCI AUTO
Page 49 and 50: 01 Light-vehicle traffic on the int
Page 51 and 52: VINCI’s motorway concessions in F
Page 53 and 54: BUILDING AWARENESS A DIFFERENT ANGL
Page 55 and 56: 01 The “100% worksite safety” a
Page 57 and 58: Miscellaneous Cofiroute USA, which
Page 59 and 60: Profile Through its three areas of
Page 61 and 62: NEW DIMENSION IN AIRPORTS VINCI CON
Page 63 and 64: 01 Extension of the Siem Reap and P
Page 65 and 66: 02 04 01 The East End Crossing proj
Page 67 and 68: VINCI Park’s competitive position
Page 69 and 70: continued to roll out the GSM-Rail
Page 71 and 72: ALLIANZ RIVIERA, NICE NOT JUST A ST
Page 73 and 74: Outlook the owner and granting auth
Page 75 and 76: CONTRACTING VINCI ENERGIES EUROVIA
Page 77 and 78: Profile VINCI Energies serves publi
Page 79 and 80: RESILIENCE AND NETWORK MOMENTUM VIN
Page 81 and 82: 250 BUSINESS UNITS IN 15 COUNTRIES
Page 83 and 84: CERGY PONTOISE CREATING A LIGHTING
Page 85 and 86: 02 03 04 01 In Belgium, Actemium im
Page 87 and 88: 02 CONTRACTING / VINCI ENERGIES 83
Page 89 and 90: Profile Eurovia is a world leader i
Page 91 and 92: RESILIENT RESPONSE TO THE ECONOMIC
Page 93 and 94:
CONTRACTING / EUROVIA 89 03 of 2013
Page 95 and 96:
PEYROLLES EN PROVENCE TRANSFORMING
Page 97 and 98:
03 02 04 01 In the United Kingdom,
Page 99 and 100:
Outlook continued construction of 2
Page 101 and 102:
Profile VINCI Construction, France
Page 103 and 104:
GROWTH AND INTERNATIONAL DEVELOPMEN
Page 105 and 106:
CONTRACTING / VINCI CONSTRUCTION 10
Page 107 and 108:
02 03 01 In Lyon, eastern France, t
Page 109 and 110:
SITA OUEDRAOGO, farmer “We had tr
Page 111 and 112:
main activities focused on the SEA
Page 113 and 114:
Outlook in Tajikistan, the new term
Page 115 and 116:
Located within the Fortdissy.com cy
Page 117 and 118:
General & financial elements 114 Re
Page 119 and 120:
A. Report on the financial statemen
Page 121 and 122:
Change in the presentation of the c
Page 123 and 124:
1.3 Operating income from ordinary
Page 125 and 126:
Cash flow from operations (Ebitda)
Page 127 and 128:
2. Parent company financial stateme
Page 129 and 130:
C. Risk factors Numerous internal a
Page 131 and 132:
Regarding concessions operation, th
Page 133 and 134:
3. Legal risks 3.1 Legal and regula
Page 135 and 136:
5.2 Loss prevention and claims reco
Page 137 and 138:
At its meeting of 5 February 2014,
Page 139 and 140:
Yannick Assouad (*) Chief Executive
Page 141 and 142:
Jean-Bernard Lévy (*) Chairman and
Page 143 and 144:
3.1.2 Individual whose appointment
Page 145 and 146:
3.3 Composition of the Board of Dir
Page 147 and 148:
3.4 Personal situation of company o
Page 149 and 150:
Audit Committee meetings dealt with
Page 151 and 152:
3.7 Assessment of the composition a
Page 153 and 154:
(a) Summary of remuneration due in
Page 155 and 156:
4.1.4.3 Long-term incentive plan Mr
Page 157 and 158:
5.2 Share subscription option plans
Page 159 and 160:
The definitive granting of shares i
Page 161 and 162:
1. Workforce-related information 1.
Page 163 and 164:
Workforce at 31 December 2013 by ty
Page 165 and 166:
1.4.2 Remuneration and social secur
Page 167 and 168:
1.5.4 Collective agreements in 2013
Page 169 and 170:
The gap between the accident freque
Page 171 and 172:
The activity of Trajeo’h, an enti
Page 173 and 174:
Group activities covered by ISO 140
Page 175 and 176:
Total energy consumption (including
Page 177 and 178:
Recycling has been a priority at Eu
Page 179 and 180:
Eurovia also received SNB recogniti
Page 181 and 182:
3. Social information 3.1 Regional,
Page 183 and 184:
One of these prizes went to the Sou
Page 185 and 186:
(see page 180), the environment and
Page 187 and 188:
ˇˇ for environmental indicators:
Page 189 and 190:
F. General information about the Co
Page 191 and 192:
2.3 Movements of funds between the
Page 193 and 194:
3.4 Treasury shares The disclosures
Page 195 and 196:
The authorisations proposed to the
Page 197 and 198:
We determined the nature and scope
Page 199 and 200:
Report of the Chairman of the Board
Page 201 and 202:
The business lines carry out their
Page 203 and 204:
5. Actions undertaken to strengthen
Page 205 and 206:
Report of the Vice-Chairman and Sen
Page 207 and 208:
Consolidated financial statements T
Page 209 and 210:
Consolidated financial statements K
Page 211 and 212:
Consolidated balance sheet Equity a
Page 213 and 214:
Consolidated statement of changes i
Page 215 and 216:
2. Consolidation methods 2.1 Consol
Page 217 and 218:
3.1.3 Measurement of share-based pa
Page 219 and 220:
3.6.3 Group savings plans In France
Page 221 and 222:
3.18 Impairment of non-financial no
Page 223 and 224:
For defined benefit plans, the expe
Page 225 and 226:
4.1 Consolidated income statement (
Page 227 and 228:
4.4 Consolidated cash flow statemen
Page 229 and 230:
ANA’s contribution to VINCI’s 2
Page 231 and 232:
2. Other information by business li
Page 233 and 234:
Reconciliation between capital empl
Page 235 and 236:
4. Capital employed by geographical
Page 237 and 238:
(in € millions) Cost of net finan
Page 239 and 240:
8. Earnings per share Basic earning
Page 241 and 242:
10. Goodwill Changes in the period
Page 243 and 244:
12. Property, plant and equipment (
Page 245 and 246:
14. Investments in companies accoun
Page 247 and 248:
The fair value of non-current deriv
Page 249 and 250:
17.1 Share capital At 31 December 2
Page 251 and 252:
The Shareholders’ Ordinary Genera
Page 253 and 254:
Fair value of the performance share
Page 255 and 256:
The retirement benefit obligations
Page 257 and 258:
VINCI estimates the payments to be
Page 259 and 260:
Employee training rights The French
Page 261 and 262:
21. Net financial debt At 31 Decemb
Page 263 and 264:
Details of the Group’s main finan
Page 265 and 266:
21.2.2 Net cash managed Net cash ma
Page 267 and 268:
22. Financial risk management VINCI
Page 269 and 270:
The following table shows the perio
Page 271 and 272:
22.3.4 Analysis of foreign currency
Page 273 and 274:
31/12/2012 Accounting categories (1
Page 275 and 276:
Control and regulation of prices by
Page 277 and 278:
26. Concession and PPP contracts of
Page 279 and 280:
28. Contractual obligations and oth
Page 281 and 282:
ˇˇEurovia CS, a subsidiary of Eur
Page 283 and 284:
J. List of the main consolidated co
Page 285 and 286:
31 December 2013 31 December 2012 C
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
3. Specific verification We have al
Page 293 and 294:
Income statement (in € millions)
Page 295 and 296:
Cash flow statement (in € million
Page 297 and 298:
Depreciation is calculated on a str
Page 299 and 300:
2. Financial assets Gross values (i
Page 301 and 302:
Issues of shares during the period
Page 303 and 304:
Liabilities at 31 December 2013 (in
Page 305 and 306:
Other receivables 140 Cash manageme
Page 307 and 308:
Five-year financial summary 2009 20
Page 309 and 310:
Special report of the Statutory Aud
Page 311 and 312:
2. Agreements and commitments appro
Page 313 and 314:
4. Information incorporated by refe
Page 315:
11. Research and development, paten
Page 318:
In accordance with Article 212-13 o
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