2013-vinci-annual-report

58 CONCESSIONS / VINCI CONCESSIONS
Two important developments in 2013
were the acquisition of ANA, the concession
company for Portugal’s airports, and
the increase in VINCI’s stake in the share
capital of Aéroports de Paris. VINCI
Concessions also broadened its business
scope by winning two new contracts:
modernisation of river dams in northeast
France and construction of the bus
rapid transit system in Martinique.
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Airports –
VINCI Airports
VINCI Airports’ business quadrupled with
the acquisition of ANA, the concession
company for Portugal’s 10 airports. With 23
airports managed in Portugal, France and
Cambodia handling almost 43 million passengers
and generating full-year revenue of
€650 million, VINCI Airports is now a
leading player in a market driven by sharp
growth in air traffic.
Outside France
Portugal. The process of privatisation of
ANA, initiated by the Portuguese government
in 2012, was finalised in September
2013 with VINCI’s acquisition of the company’s
shares for an enterprise value of
almost €3 billion. On completion of this
operation, VINCI Airports became the concession
operator for Portugal’s 10 airports
for a period of 50 years.
ANA manages a portfolio of airports
located in mainland Portugal, the Azores
and Madeira that handled 32 million passengers
in 2013, 83% of them on international
flights. Traffic grew 5% over one year.
Lisbon Airport, hub of the national carrier
TAP, alone handled 16 million passengers,
an increase of 4.6%, in 2013. Capitalising on
its strategic position in the high-growth
destinations of Brazil and Portuguesespeaking
Africa, the airport opened a new,
2,000 sq. metre retail area in July 2013.
Cambodia. Cambodia Airports, a 70%-
owned subsidiary of VINCI Airports, is the
concession company for Cambodia’s three
international airports, serving the capital
Phnom Penh, Siem Reap near the Angkor
temples, and Sihanoukville, a seaside
resort and deep-water port in the south of
the country.
2013 was another year of strong growth
in traffic, which rose over the 5 million passenger
mark, with growth of 20% for Siem
Reap airport and 15% for Phnom Penh
airport. To support this development and
the country’s economic growth, Cambodia
Airports launched an investment programme
aimed at doubling the two airports’
passenger capacity. The works,
amounting to almost €80 million, will be
carried out by a consortium led by VINCI
Constructions Grands Projets. In parallel,
Cambodia Airports is supporting a major
campaign of archaeological digs on some
10 Angkor temple sites. As an extension of
this partnership, VINCI Airports sponsored
an exhibition in 2013 entitled “Angkor: the
birth of a myth”, organised at the Musée
Guimet in Paris. The company is also a
founding partner, alongside the Cambodian
government, of the social enterprise
Artisans d’Angkor, which today employs
1,320 people working in 48 workshops in
some 15 villages.
Tajikistan. VINCI Airports continued to
assist VINCI Construction Grands Projets,
in charge of the design and construction
of the new Dushanbe International Airport
terminal. VINCI Airports is responsible for
personnel training and assistance with
commissioning of the terminal, which will
be able to handle 1.5 million passengers a
year.
France
Airports in operation. After taking over operation
of the Poitiers Biard airport (110,000
passengers a year) on 1 January 2013, VINCI
Airports now manages 10 regional airports
in France, which handled total traffic of
5.8 million passengers in 2013, an increase
of 6.9% over one year. At 8.2%, growth was
particularly strong for the Nantes Atlantique
airport, thanks to the introduction of new