VINCI - 2005 annual report
VINCI - 2005 annual report VINCI - 2005 annual report
CONSTRUCTION CONCESSIONS CONSTRUCTION CONCESSIONS CONSTRUCTION / OUTLOOK / PERSPECTIVES Integrate ASF and take full advantage of the growing PPP segment in Europe The fi rst synergies will be seen in 2006 when the VINCI Concessions and ASF business development teams are brought together. 48 VINCI 2005 ANNUAL REPORT The emphasis in 2006 will be on integrating ASF within VINCI’s concessions division. The acquisition was the core component of the industrial project presented to the French government. It will give VINCI Concessions the capacity to establish itself more fi rmly as one of the leading partners to French and other public authorities, both for the design and fi nancing of new infrastructure, and for its long-term operation. The fi rst synergies will be seen in 2006 when the two companies’ business development teams are brought together. Working in conjunction with the Group’s construction businesses, they will focus on Europe, where the public-private partnership market continues to grow. In France, the Group’s concession companies – including ASF, Escota, Cofi route and VINCI Park – will coordinate their efforts to increase the number of innovative customer service initiatives and improve their overall performance. In accordance with that objective, VINCI Park will, in cooperation with Cofi route, accept payment by Liber-t badge at 250 of its car parks in 2006. Similarly, the fi rst secure parks for heavy goods vehicles, which ASF and VINCI Concessions have been studying jointly since mid-2004, should become operational in 2006. With regard to existing concession contracts, one of the highlights for ASF in 2006 will be the incorporation within its consolidation scope of the Lyons-Balbigny section of the A89. For Cofi route, the investment programme in new sections and the A86 Ouest will continue at a slightly higher level than in 2005 and teams will be formed to prepare for the opening of the A86 Ouest, a key event in 2007. Arcour will complete the administrative and archaeological phase of the A19 and start the fi rst works on it at the end of 2006. SCA (Société Concessionnaire des Aéroports du Cambodge) will continue the modernisation of Siem Reap airport near the Angkor site and should, under the terms of an amendment to the contract, extend its fi eld of operation to the third international airport in Cambodia. More generally in the airport sector, VINCI Concessions will target its growth on France by taking full advantage of the experience acquired at Chambéry and Grenoble, as well as the customer references obtained outside France and in airport services. In the car park sector, VINCI Park will seek growth opportunities in medium-sized towns, which are showing a gradual trend towards pay-to-park facilities. The company will also develop its service packages for hospitals and shopping centres. In international business, growth will continue, especially in Central and Eastern Europe. In France and elsewhere, VINCI Park will continue to develop new services, including “soft” mobility solutions such as self-service bicycles and joint strategies with public transport operators, as well as new payment methods such as multi-park offers and convergence with public transport tickets.
- 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 30 and 31: VINCI CONCESSIONS WORLDWIDE EUROPE
- 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 54 and 55: CUSTOMISED SERVICES AT THE JUNCTION
- Page 56 and 57: KEY FIGURES In € millions and as
- Page 58 and 59: ENERGY / BUSINESS REPORT Strong res
- Page 60 and 61: SAFETY: EXEMPLARY RESULTS IN GERMAN
- Page 62 and 63: ENERGY / BUSINESS REPORT Despite a
- Page 64 and 65: Top left. In the Paris region, VINC
- Page 66 and 67: ENERGY / BUSINESS REPORT 62 Graniou
- Page 68: CONSTRUCTION ENERGY CONSTRUCTION EN
- Page 71 and 72: ROADS 67
- Page 73 and 74: An integrated road industry operato
- Page 75 and 76: Top. In Bordeaux, as on many other
- Page 77 and 78: Revenue +11 % in France Communicati
- Page 79 and 80: Top. The low production and applica
- Page 81 and 82: Revenue +29 % in the Czech Republic
- Page 83 and 84: ÉDITORIAL EUROVIA HONOURED IN THE
- Page 86 and 87: ALL THE EXPERTISE OF NETWORK CONSTR
- Page 88 and 89: CHIFFRES KEY CHIFFRES FIGURES CLÉS
- Page 90 and 91: CONSTRUCTION / ACTIVITY Outperformi
- Page 92 and 93: Top. Reinforcement work on 285 km o
- Page 94 and 95: CONSTRUCTION / ACTIVITY The megacut
- Page 96 and 97: GROUP SYNERGIES IN THE HOSPITAL SEC
- Page 98 and 99: COHESTRAND, THE HIGH PERFORMANCE ST
- Page 100 and 101: CONSTRUCTION / ACTIVITY Soyuz proje
CONSTRUCTION CONCESSIONS CONSTRUCTION CONCESSIONS CONSTRUCTION / OUTLOOK<br />
/ PERSPECTIVES<br />
Integrate ASF and take full<br />
advantage of the growing PPP<br />
segment in Europe<br />
The fi rst synergies<br />
will be seen<br />
in 2006 when the<br />
<strong>VINCI</strong> Concessions<br />
and ASF business<br />
development<br />
teams are brought<br />
together.<br />
48<br />
<strong>VINCI</strong> <strong>2005</strong> ANNUAL REPORT<br />
The emphasis<br />
in 2006 will be on integrating ASF<br />
within <strong>VINCI</strong>’s concessions division.<br />
The acquisition was the core component of the industrial project presented<br />
to the French government. It will give <strong>VINCI</strong> Concessions the capacity to establish<br />
itself more fi rmly as one of the leading partners to French and other<br />
public authorities, both for the design and fi nancing of new infrastructure,<br />
and for its long-term operation.<br />
The fi rst synergies will be seen in 2006 when the two companies’ business<br />
development teams are brought together. Working in conjunction with<br />
the Group’s construction businesses, they will focus on Europe, where the<br />
public-private partnership market continues to grow.<br />
In France, the Group’s concession companies – including ASF, Escota, Cofi route<br />
and <strong>VINCI</strong> Park – will coordinate their efforts to increase the number of innovative<br />
customer service initiatives and improve their overall performance.<br />
In accordance with that objective, <strong>VINCI</strong> Park will, in cooperation with<br />
Cofi route, accept payment by Liber-t badge at 250 of its car parks in 2006.<br />
Similarly, the fi rst secure parks for heavy goods vehicles, which ASF and <strong>VINCI</strong><br />
Concessions have been studying jointly since mid-2004, should become<br />
operational in 2006.<br />
With regard to existing concession contracts, one of the highlights for ASF<br />
in 2006 will be the incorporation within its consolidation scope of the<br />
Lyons-Balbigny section of the A89. For Cofi route, the investment programme<br />
in new sections and the A86 Ouest will continue at a slightly higher level than<br />
in <strong>2005</strong> and teams will be formed to prepare for the opening of the A86 Ouest,<br />
a key event in 2007. Arcour will complete the administrative and archaeological<br />
phase of the A19 and start the fi rst works on it at the end of 2006.<br />
SCA (Société Concessionnaire des Aéroports du Cambodge) will continue<br />
the modernisation of Siem Reap airport near the Angkor site and should,<br />
under the terms of an amendment to the contract, extend its fi eld of operation<br />
to the third international airport in Cambodia. More generally in the airport<br />
sector, <strong>VINCI</strong> Concessions will target its growth on France by taking full<br />
advantage of the experience acquired at Chambéry and Grenoble, as well as the<br />
customer references obtained outside France and in airport services.<br />
In the car park sector, <strong>VINCI</strong> Park will seek growth opportunities in<br />
medium-sized towns, which are showing a gradual trend towards pay-to-park<br />
facilities. The company will also develop its service packages for hospitals and<br />
shopping centres. In international business, growth will continue, especially in Central<br />
and Eastern Europe. In France and elsewhere, <strong>VINCI</strong> Park will continue to develop<br />
new services, including “soft” mobility solutions such as self-service bicycles and<br />
joint strategies with public transport operators, as well as new payment methods<br />
such as multi-park offers and convergence with public transport tickets.