BUILDING for TOMORROW #Allcommitted the Men and Women of VINCI Construction
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BUILDING FOR TOMORROW #AllCommitted The men and women of VINCI Construction VINCI Construction — 2021 VINCI Construction — 2021 VINCI Construction — 2021 02 TALK WITH THE CHAIRMAN 06 INTERNATIONAL PRESENCE 07 ECONOMIC PERFORMANCE 08 OUR ORGANISATION 10 OUR COMMITMENTS 12 MANAGEMENT TEAM CONTENTS 14 EXPER TISE AND SKILLS 16 Buildings 24 Structures 32 Infrastructure 44 FOR TOMORROW 46 Envir onment 52 Innovation VINCI Construction — 2021 2 3 Our ambition in response Talk with Pierre Anjolras, Chairman of to a changing world VINCI Construction A new organisational structure The move also boosts our collective at VINCI, combining the activities innovation capacity, which will be critical of VINCI Construction and Eurovia in accelerating the transformation of our within a single business line, businesses, products, services and solutions was announced in January 2021; in response to the ecological transition, it is headed by Pierre Anjolras. in which we play a leading role. Why are Eurovia and VINCI How is VINCI Construction Construction joining forces? now organised? This move is all about preparing We are organised into three pillars, for the future. We live in a world with leading positions in each. The first, where transformations are accelerating. which most clearly sets us apart from The ecological transition, the digital our competitors, is our Speciality Network; revolution... These far-reaching changes it brings together our subsidiaries that are leading us to rethink the assets specialise in soil technologies, structures, that need to be built and how we build them. nuclear engineering and digital solutions This presents both a fantastic opportunity for the construction sector, with skills and and an immense challenge for all our brands that set the standard worldwide. construction businesses. Together The second is our Major Projects Division, they cover an unrivalled range of expertise which brings together the businesses that across building, civil engineering and work on the largest and most complex projects. infrastructure, and are equally outstanding Here again, ours is a global playing field, in terms of human community, economic as evidenced by the major projects we are potential and geographical coverage, with currently carrying out on all continents. 115,000 employees and over 1,000 companies The third pillar, which we call our Proximity in some 100 countries, and €23 billion Network and generates the largest part in revenue in 2020. Connecting all of these of our revenue, is made up of our local skills and creating new synergies among subsidiaries – our front line. In France, our teams places us in a better position where our markets are mature, Eurovia and to meet the challenges that lie ahead and VINCI Construction divisions and branches to fulfill our customers’ expectations. will continue to operate as usual and to bring VINCI Construction — 2021 4 5 Talk with Pierre Anjolras to bear their expertise throughout the country, and production sites. All VINCI Construction close to their customers. Outside France, executives, starting with myself, are both entities’ networks of local subsidiaries committed to supporting the development are now grouped by geographical area: of our business units. At the same time, The western Strasbourg bypass on the A355 motorway. the United Kingdom, our second-largest and working as always from the ground up, Dodin Campenon Bernard, VINCI Construction Terrassement, VINCI Construction France, market; continental Europe and Africa; we have structured our organisation Eurovia, Cegelec Mobility (VINCI Energies), VINCI Autoroutes the Americas and Oceania. In short, in a manner that fosters cross-business this organisation allows our companies cooperation and the pooling of expertise – to focus on their own catchment areas within VINCI Construction, with the other and markets, while making the most of the VINCI business lines or with our external “Our aspiration is that our clients, of small-scale projects, we secured a series complementarity between them, which partners. This will enable us to provide of major contracts. These include ultimately benefits our customers’ projects. the best local solutions within a framework as well as the talents the Grand Paris Express and The Link tower in that makes it possible to marshal collective the Greater Paris area, the HS2 high-speed line resources and encourages new initiatives. who come to work with us, in the United Kingdom, and road infrastructure How do you manage both projects in Africa, Canada and Australia. the global and local within such This management model demonstrated will choose us for our This confirms our ability to harness our a large entity? its effectiveness during the pandemic. ability to deliver global expertise and our teams to support our We reiterated that the absolute priority for customers on large, complex projects as well We remain faithful to the principle all our companies is to guarantee everyone’s performance, for the benefit as on specialised, local projects. of decentralisation that is in VINCI’s DNA: health and safety. Each one of them then In the context of uncertainty the heart of our organisation is the developed and implemented solutions of all our stakeholders.” surrounding the course of the pandemic, 1,000 operational entities that deliver tailored to their local situations, which varied our strong order book gives us peace of mind: our daily performance across our projects greatly from one country or region to another. How do you view business in 2020 it allows us to continue being selective and In this respect, I must point out that thanks and what is your outlook for 2021? to target those projects that generate the most to constructive social dialogue at grassroots value, thus enabling us to pursue our policy level, it was possible in some regions to keep The responsiveness I have just of profitable growth. “Our organisation allows operations going or to restart them swiftly mentioned, combined with our highly diverse our companies to focus on and safely on sites that were at a standstill markets and geographies, attest to the due to lockdown measures. resilience of our model in the face of a crisis. Over and above economic their own catchment This was reflected in our revenue suffering performance, what is your goal only a slight decline, our cash flow remaining for VINCI Construction? areas and markets […], remarkably high, and our earnings holding up well, with those of Eurovia in particular This is not about size. We want to be which ultimately benefits surpassing industry standards once again. leaders in each of our markets, of course, our customers’ projects.” VINCI Construction’s earnings prior to and we want to achieve this through our the change in scope were adversely affected by economic performance as measured in terms the restructuring costs of Entrepose, our oil of margin rate, but also through the quality and gas business that is now part of the Major of our expertise and our contribution to the Projects Division and is refocusing on its most environment, society and employment, buoyant markets, and by the sanitary measures by upholding the values and the public-interest that hampered VINCI Construction’s activity approach of the VINCI Group. Our aspiration in France, particularly in the building sector. is that our clients, as well as the talents who However, across all markets, VINCI Construction come to work with us, will choose us for also held up rather well. our ability to deliver global performance, for the benefit of all our stakeholders. Most importantly, 2020 was a year The current period drives us to work of record order intake, with a backlog of more even harder to achieve this goal because than €32 billion, which sends a very positive our construction specialities are more crucially signal for the year 2021 and beyond. Despite important than ever in helping the world the crisis, in addition to a very large number to meet the challenges of tomorrow! The Papyrus residential building designed by The Fehmarnbelt immersed road and rail Primméa for and with first-time homebuyers in tunnel between Denmark and Germany. Montpellier (France). VINCI Construction France VINCI Construction Grands Projets VINCI Construction — 2021 6 7 INTERNATIONAL ECONOMIC PRESENCE PERFORMANCE Revenue by geographical area. (in €M and as a percentage) One of the world's leading construction companies. NORTH AMERICA FRANCE EUROPE ASIA €2,718 M €11,009 M €5,675 M €451 M 12% of revenue 47% of revenue 24% of revenue 2% of revenue 1,000 €471 M consolidated operating income companies from ordinary activities* €23.2 Bn revenue FRENCH OVERSEAS €613 M 3% of revenue 70,000 + 115,000 projects each year employees CENTRAL AND SOUTH AMERICA AFRICA MIDDLE EAST OCEANIA €631 M €955 M €119 M €1,046 M Figures as at 31 December 2020. 3% of revenue 4% of revenue 0.5% of revenue 4.5% of revenue *IFRS 2020 data. VINCI Construction — 2021 8 9 A NETWORK OF PROXIMITY SUBSIDIARIES OUR ORGANISATION This worldwide network, which brings together multiple companies with strong local roots, is based on a simple principle: to provide a team that focuses on one core skill in a given geographical area, working as closely as possible with its customers. VINCI Construction is organised into three complementary pillars, which allow us to support our clients over the long term, whatever the size, nature and location of projects. €18.4 Bn 87,000 revenue* employees Proximity A DIVISION DEDICATED TO MAJOR PROJECTS networks Working alone or in synergy with other VINCI Construction entities, the companies in this division design and carry out projects that require general contractor capabilities because of their size, complexity or type. €1.6 Bn 7,000 revenue* employees A DIVISION DEDICATED TO SPECIALTY NETWORKS These subsidiaries, which bring together engineers with a high level of expertise in geotechnical and structural engineering, digital technology, nuclear energy, oil and gas and renewable thermal energy, deliver high-technology, high-value solutions.