VINCI - 2005 annual report
VINCI - 2005 annual report
VINCI - 2005 annual report
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KEY FIGURES<br />
In € millions and as a percentage of revenue<br />
REVENUE OPERATING PROFIT<br />
FROM ORDINARY<br />
ACTIVITIES<br />
1,889 1,943 2,055<br />
2003 2004 <strong>2005</strong><br />
* Before tax and fi nancing costs.<br />
<strong>VINCI</strong>’S CONCESSIONS<br />
Structure Description Country % held Consolidation Residual term<br />
method (1) (in years) from<br />
31. Dec. <strong>2005</strong><br />
Motorways Concession network<br />
Cofi route intercity network 1,091 km France 65% FC 25<br />
ASF network 2,643 km France 23% EM 27<br />
Escota network 459 km France 23% EM 21<br />
A19 motorway (2) 101 km France 100% FC 65<br />
Chillán-Collipulli motorway 160 km Chile 83% FC about 18 (3)<br />
Newport Southern Distributor Road 10 km United Kingdom 50% PC 37<br />
Fredericton-Moncton motorway 200 km Canada 12% NC 23<br />
Bridges and tunnels<br />
Charilaos Trikoupis Bridge (Rion-Antirion) Peloponnese-mainland Greece 53% FC 34<br />
Tagus bridges Two bridges in Lisbon Portugal 31% (4) EM 25<br />
Severn Crossings Two bridges over the Severn United Kingdom 35% EM 11<br />
Confederation Bridge Prince Edward Island-mainland Canada 50% PC 27<br />
Prado-Carénage tunnel Tunnel in Marseilles France 32% EM 20<br />
A86 tunnels (2) 17.5 km France 65% FC 70 after opening (5)<br />
Puymorens tunnel 5.5 km France 23% EM 32<br />
Car parks Number of spaces<br />
<strong>VINCI</strong> Park 790,000 France and Europe, 100% FC about 30 (6)<br />
Canada, Hong Kong<br />
Airports <strong>2005</strong> traffi c (passengers)<br />
Cambodia (two airports) 2.1 million Cambodia 70% PC 15<br />
Chambéry-Savoie airport 190,000 France 50% PC 6<br />
Grenoble-Isère airport 270,000 France 50% PC 3<br />
Stade de France 80,000 seats France 67% PC 19<br />
1. – FC: full consolidation; PC: proportionate consolidation; EM: equity method; NC: not consolidated.<br />
2. – Under construction.<br />
3. – Variable term based on traffi c.<br />
4. – Including 3.48% transferred by Hagen as part of the share sale agreement of 16 October 2000 currently being fi nalised.<br />
5. – From the date on which the tunnels go into service.<br />
6. – Excluding service contracts and freehold car parks.<br />
24<br />
3.<br />
4.<br />
2.<br />
1.<br />
<strong>VINCI</strong> <strong>2005</strong> ANNUAL REPORT<br />
580 633<br />
2004 <strong>2005</strong><br />
REVENUE BY<br />
BUSINESS LINE<br />
NET PROFIT CASH FLOW FROM<br />
OPERATIONS*<br />
233 336<br />
2004 <strong>2005</strong><br />
791 857<br />
29.8% 30.8% 40.7% 41.7%<br />
1. Cofi route 44%<br />
2. <strong>VINCI</strong> Park 24%<br />
3. Other infrastructure 8%<br />
4. Airport services 24%<br />
Total 100%<br />
2.<br />
3.<br />
4.<br />
5.<br />
2004 <strong>2005</strong><br />
1.<br />
NET FINANCIAL<br />
DEBT<br />
3,685 4,241<br />
2004 <strong>2005</strong><br />
REVENUE BY<br />
GEOGRAPHICAL AREA<br />
1. France 75%<br />
2. United Kingdom 5%<br />
3. Rest of Europe 6%<br />
4. North America 11%<br />
5. Rest of the world 3%<br />
Total 100%
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