VINCI - 2005 annual report

VINCI Park
VINCI Park is present in 12 countries, designing, building, fi nancing and operating
car parks and on-street parking spaces. Number one in Europe and
world leader in car park concessions, the company operates 790,000 spaces.
A benchmark in the outsourced operation of public car parks, VINCI Park is
also a partner to promoters and investors wishing to outsource the management
of their facilities.
Net profi t
+13 %
42
VINCI 2005 ANNUAL REPORT
France
VINCI Park enjoyed the full benefi t in 2005 of the raising
of restrictions imposed on its expansion by the French
competition commission at the time of the merger between VINCI and GTM.
The company won several tenders for the outsourced management of public
car parks, establishing itself in two new towns with more than 10,000 residents:
Abbeville, with the construction of a car park with 230 spaces and the operation
of 1,000 on-street spaces, and Cosne Cours sur Loire, with 490 spaces.
VINCI Park also increased the number of car parks it manages by winning
two new concessions for car parks to be built, one in Asnières (300 spaces)
and the other in Avignon (700 spaces). In addition, it strengthened its
presence by renewing or obtaining concession contracts in Saint Denis
(1,500 spaces), Beauvais (1,250 spaces), Limoges (550 spaces), Nîmes
(890 spaces), Mulhouse (2,650 spaces), Charenton le Pont (2,710 spaces) and
Neuilly sur Seine (260 spaces). Many medium-sized and small towns have
recently decided in favour of the pay-to-park principle. They are expected
to issue tenders for the outsourced management of public car parks during the
coming months, such tenders representing new growth opportunities for
VINCI Park.
Since 2004, VINCI Park has been developing a special service package
for the hospital segment. Based on quality of service and attention to employee
training – two of the key characteristics that differentiate VINCI Park’s
network – the hospital package was quick to gain signifi cant commercial
success in France (Nîmes, Metz, Suresnes and Rheims, for example), before
attracting similar success in other countries in 2005, notably Canada and the
United Kingdom.
As part of its drive to diversify its portfolio, VINCI Park increased its freehold
base by acquiring car parks in Strasbourg (230 spaces) and Saint Paul de Vence
(480 spaces).
The company also continued its policy of developing services aimed at building
customer loyalty and making car parks more attractive by focusing on customer
care – as guaranteed by VINCI Park’s charter – and the diversity of services
associated with car parks. The initiatives launched in 2005 included the creation
of Radio VINCI Park, which broadcasts classical music and information
messages in car parks, experimenting with drop-off boxes for professional use