VINCI - 2005 annual report
VINCI - 2005 annual report VINCI - 2005 annual report
VINCI CONCESSIONS WORLDWIDE EUROPE Pays-Bas Netherlands Services at 1 airport Services at 1 airportuaires United Royaume-Uni Kingdom Ponts Severn Crossings sur la Severn Périphérique Newport Southern sud Distributor de Newport Road Dartford Crossing: : 150 150,000 000 véhicules/j vehicles/day 177 131,000 200 parking places spaces de parking 1 Services escale at de 1 airport services aéroportuaires Irlande Belgique Belgium / / Luxembourg 58,400 parking spaces Services at 1 airport France Réseau Cofiroute Cofiroute network: 1,091 : 1 100 km km Réseau ASF network: ASF 3,107 : 3 100 km km Arcour A19: A19 101 : 101 km km 447 445,000 100 parking places spaces de parking Tunnel Prado-Carénage Prado-Carénage tunnel Tunnel A86 Ouest A86 tunnel ouest Stade de de France: France 80,000 : 80 000 seatsplaces Services at 12 airports 2 airports aéroport (Grenoble : Grenoble and Chambéry): et 460,000 Chambéry passengers : 380 000 pax Portugal 2 bridges ponts sur over le the Tage Tagus 12 escales de services aéroportuaires Espagne Spain 44,700 parking spaces Services at 3 airports 44,700 parking spaces Services at 3 airportsuaires Canada Confederation Bridge Fredericton-Moncton motorway: 200 km 62,000 parking spaces Services at 7 airports États-Unis United States Autoroute SR-91 Express SR91 Lanes: : 17 17 km Services at 65 airports 65 escales de services aéroportuaires Chili Chile Chili Chillán-Collipulli motorway: 160 km Autoroute Chilliàn-Collipulli : 165 km Autoroute Chilliàn-Collipulli : 165 km 26 VINCI 2005 ANNUAL REPORT Allemagne Germany Toll Collect (motorway toll system) Services at 1 airport Denmark Danemark Services at 1 airport (opening 2006) Toll Collect (péage autoroutier) 1 escale de services aéroportuaires 1 escale de services aéroportuaires (ouverture 2006) Pologne République Czech Republic tchèque 9 000 places 9,000 parking de parkings spaces Slovakia Slovaquie Parking 680 680 parking spaces Hongrie Switzerland Suisse / Autriche Austria 8 000 places 8,000 parking de parkings spaces ale de services Services aéroportuaires at 1 airport Serbie-Monténégro Italy Services at 2 airports Greece Grèce Charilaos Trikoupis Pont Bridge Rion-Antirion (Rion-Antirion) Americas ASIA Road and motorway infrastructure Israël Hong Kong 29,000 parking spaces 1 escale Services de at services 1 airport 28 200 places de parking aéroportuaires Cambodia Cambodge 2 airports: 2 2.1 aéroport million passengers : 2Mpax Thailand Thaïlande Services at 1 airport (opening 2006) 1 escalServiceServices at 1 airport (opening 2006) Car parks Airports and airport services Infrastructure projects under study
Motorway infrastructure The acquisition of ASF will make VINCI Concessions the biggest French motorway concession company with a network of 4,316 km. Autoroutes du Sud de la France (ASF) The acquisition of ASF is expected to be fi nalised during the fi rst half of 2006. It will make VINCI Concessions the biggest French motorway concession company, with a network of 4,316 km, and Europe’s leading transport infrastructure concessionaire. ASF holds the concessions for 3,107 km of motorway in France (2,648 km on the ASF network, including the Puymorens tunnel; 459 km on the Escota network), of which 3,026 km were in operation at the end of January 2006. December 2005 saw the culmination of a plan initiated by VINCI four years ago: bringing together VINCI Concessions and Autoroutes du Sud de la France, the leading French motorway concessionaire. During the summer, VINCI submitted a proposal for ASF against the French government’s call for bids for the remaining shares it held in three motorway companies, namely ASF, APRR and Sanef. On 14 December, the government announced its decision to sell its 50.4% interest in ASF to VINCI. Prior to the tender, VINCI already held a 23% interest in the company and had signed an industrial partnership agreement with it in 2004. ACQUISITION TERMS AND CONDITIONS. The sale of the majority holding owned by the government is subject to the approval of the merger control authorities. Once approved, VINCI will launch a takeover bid for the remaining 26.6% of ASF’s capital. This will take the form of a standing market offer to minority shareholders at the same price as that proposed to the government. Finalisation of the transaction is expected during the fi rst half of 2006. In € millions and as a percentage of revenue (data at 100%) REVENUE 2,239 2003 2,389 2,474 2004 2005 * Before tax and fi nancing costs. CASH FLOW FROM OPERATIONS* 1,519 1,569 63.6 % 63.4 % 2004 2005 CONCESSIONS / BUSINESS REPORT NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 398 443 2004 2005 27
- Page 1 and 2: ANNUAL REPORT 2005
- Page 3 and 4: EUROVIA VINCI CONSTRUCTION KEY 2005
- Page 5 and 6: VINCI, the world’s leading integr
- Page 7: VINCI gains new momentum With the A
- Page 10 and 11: Corporate management structures BOA
- Page 12 and 13: All business lines contributed to t
- Page 14 and 15: Complementary business lines operat
- Page 16 and 17: A growth course set by the concessi
- Page 18 and 19: VINCI share price up 47% in 2005 In
- Page 20 and 21: THE 2006 SHAREHOLDERS’ CALENDAR 1
- Page 22 and 23: 2005 Highlights Bernard Val, Chairm
- Page 24 and 25: 20 VINCI 2005 ANNUAL REPORT
- Page 26 and 27: 22 BUILDING AND MAKING A LONG-TERM
- Page 28 and 29: KEY FIGURES In € millions and as
- Page 32 and 33: Top. ASF and Escota operate a netwo
- Page 34 and 35: CONCESSIONS / ACTIVITÉ ASF recentl
- Page 36 and 37: CONCESSIONS / BUSINESS REPORT 32 VI
- Page 38 and 39: CONCESSIONS / BUSINESS REPORT Betwe
- Page 40 and 41: A86 : DISCREET DOWN TO THE FINEST D
- Page 42 and 43: The toll system of the future In Ma
- Page 44 and 45: Top. Some 41,000 vehicles a day tra
- Page 46 and 47: VINCI Park VINCI Park is present in
- Page 48 and 49: 44 VINCI 2005 ANNUAL REPORT and the
- Page 50 and 51: Airport sector VINCI Concessions is
- Page 52: CONSTRUCTION CONCESSIONS CONSTRUCTI
- Page 55 and 56: ENERGY 51
- Page 57 and 58: A leader in energy and information
- Page 59 and 60: Top. For the Munich airport, German
- Page 61 and 62: Acquisitions 16 companies acquired
- Page 63 and 64: Top left. Design and implementation
- Page 65 and 66: VINCI Energies at the Zénith conce
- Page 67 and 68: ÉDITORIAL GRANIOU SUPPORTS NORTEL
- Page 70 and 71: 66 LEADER IN INFRASTRUCTURE CONSTRU
- Page 72 and 73: KEY FIGURES In € millions and as
- Page 74 and 75: EUROVIA / BUSINESS REPORT Brisk gro
- Page 76 and 77: MATERIALS: A STRATEGIC FACILITY IN
- Page 78 and 79: EUROVIA / BUSINESS REPORT NOxer ®
<strong>VINCI</strong> CONCESSIONS WORLDWIDE<br />
EUROPE<br />
Pays-Bas Netherlands<br />
Services at 1 airport<br />
Services at 1 airportuaires<br />
United Royaume-Uni Kingdom<br />
Ponts Severn Crossings sur la Severn<br />
Périphérique Newport Southern sud Distributor de Newport Road<br />
Dartford Crossing: : 150 150,000 000 véhicules/j vehicles/day<br />
177 131,000 200 parking places spaces de parking<br />
1 Services escale at de 1 airport services aéroportuaires<br />
Irlande<br />
Belgique Belgium / / Luxembourg<br />
58,400 parking spaces<br />
Services at 1 airport<br />
France<br />
Réseau Cofiroute Cofiroute network: 1,091 : 1 100 km km<br />
Réseau ASF network: ASF 3,107 : 3 100 km km<br />
Arcour A19: A19 101 : 101 km km<br />
447 445,000 100 parking places spaces de parking<br />
Tunnel Prado-Carénage Prado-Carénage tunnel<br />
Tunnel A86 Ouest A86 tunnel ouest<br />
Stade de de France: France 80,000 : 80 000 seatsplaces<br />
Services at 12 airports<br />
2 airports aéroport (Grenoble : Grenoble and Chambéry):<br />
et 460,000 Chambéry passengers : 380 000 pax<br />
Portugal<br />
2 bridges ponts sur over le the Tage Tagus<br />
12 escales de services aéroportuaires<br />
Espagne Spain<br />
44,700 parking spaces<br />
Services at 3 airports<br />
44,700 parking spaces<br />
Services at 3 airportsuaires<br />
Canada<br />
Confederation Bridge<br />
Fredericton-Moncton motorway: 200 km<br />
62,000 parking spaces<br />
Services at 7 airports<br />
États-Unis United States<br />
Autoroute SR-91 Express SR91 Lanes: : 17 17 km<br />
Services at 65 airports<br />
65 escales de services aéroportuaires<br />
Chili<br />
Chile Chili<br />
Chillán-Collipulli motorway: 160 km<br />
Autoroute Chilliàn-Collipulli : 165 km<br />
Autoroute Chilliàn-Collipulli : 165 km<br />
26<br />
<strong>VINCI</strong> <strong>2005</strong> ANNUAL REPORT<br />
Allemagne Germany<br />
Toll Collect (motorway toll system)<br />
Services at 1 airport<br />
Denmark<br />
Danemark<br />
Services at 1 airport (opening 2006)<br />
Toll Collect (péage autoroutier)<br />
1 escale de services aéroportuaires<br />
1 escale de services aéroportuaires<br />
(ouverture 2006)<br />
Pologne<br />
République Czech Republic tchèque<br />
9 000 places 9,000 parking de parkings spaces<br />
Slovakia Slovaquie<br />
Parking 680 680 parking spaces<br />
Hongrie<br />
Switzerland Suisse / Autriche Austria<br />
8 000 places 8,000 parking de parkings spaces<br />
ale de services Services aéroportuaires at 1 airport<br />
Serbie-Monténégro<br />
Italy<br />
Services at 2 airports<br />
Greece Grèce<br />
Charilaos Trikoupis Pont Bridge Rion-Antirion<br />
(Rion-Antirion)<br />
Americas ASIA<br />
Road and motorway<br />
infrastructure<br />
Israël<br />
Hong Kong<br />
29,000 parking spaces<br />
1 escale Services de at services 1 airport<br />
28 200 places de parking<br />
aéroportuaires<br />
Cambodia<br />
Cambodge<br />
2 airports: 2 2.1 aéroport million passengers : 2Mpax<br />
Thailand Thaïlande<br />
Services at 1 airport (opening 2006)<br />
1 escalServiceServices at 1 airport (opening 2006)<br />
Car parks Airports and airport services Infrastructure projects under study
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