VINCI - 2005 annual report

THE 2006 SHAREHOLDERS’
CALENDAR
16 May
Shareholders Meeting
18 May
Dividend payment
3 August First half revenue
5 September First half earnings
2 November Third quarter revenue
16
VINCI 2005 ANNUAL REPORT
Institutional investors and fi nancial analysts
In 2005, VINCI continued its past policy for communicating with the
fi nancial community. In addition to the usual meetings organised when
interim and annual results were published, two special meetings were
held, one to present the fi nancial statements under IFRS and one
to present the acquisition of ASF. VINCI also took part in a dozen theme
events, in particular on motorway concessions and, for the fi rst time,
sustainable development. Lastly, the Financial Department increased its
one-to-one meetings with investors, contacting some 150 fund managers
or buy-side analysts in individual meetings or phone conferences.
In 2005, VINCI’s senior management team took part in fi ve road
shows held in the main fi nancial centres in Europe and the US. These
events, in which senior management was fully involved for four weeks,
provided an opportunity to present the Group, its strategy, its fi nancial
performance and growth prospects to institutional investors.
Lastly, in 2005 VINCI again organised sector-focused presentations
for fi nancial analysts. Following presentations of VINCI Park, Cofi route,
Eurovia and VINCI Construction in 2004, a presentation was made of
VINCI Energies in 2005. This enabled some twenty sell-side analysts who
regularly follow VINCI to learn more about VINCI Energies’ often not
well-known fi elds of business. This approach will be continued in 2006
as it helps the fi nancial community to gain a better understanding of the
value of the Group’s various activities and therefore to reassess its restated
net worth. In total, the management met more than 1,200 investors
and analysts during the year, compared with some 900 in 2004
and 700 in 2003.
In 2005, more sell-side analysts covered the share with six new
brokers, mainly in the English-speaking world, starting to cover it.
VINCI’s share is now followed by 24 brokers, of which less than half
are French.
www.vinci.com: information in real-time
The VINCI website at www.vinci.com provides individual shareholders
with the same information as the fi nancial community and real-time
access to the share price. Press releases, fi nancial results, presentations and
all the documentation on VINCI are put on line immediately in French,
English and German.