Key figures Net sales by business segment (1) Net sales by geographic area in millions of euros in millions of euros annual report 62% France 10,602 10% Concessions and services 9% Germany 2001 1,791 1,476 18% Energy and Information 7% UK 3,098 1,117 33% Roads 11% Other European countries 5,689 2,087 36% Construction 5% North America 6,114 835 3% Miscellaneous Total Total 6% Rest of the world 480 17,172 17,172 Annual report 2001 1,055 ¥ Net sales (2) Gross operating surplus Operating income VINCI in millions of euros in millions of euros and as a percentage in millions of euros and as a percentage of net sales of net sales 17,253 1,460 • 8.5% 15,643 1,312 • 8.4% • 1999 2000 2001 1999 2000 2001 1999 2000 2001 Net income Shareholders equity Net debt and minority interest in millions of euros in millions of euros In accordance with regulation no. 98-01, this document was filed with the COB in millions of euros (the French securities and exchange commission) on 12 April 2002. It may be used in support of a financial transaction only if it is supplemented by 1,855 a prospectus on the transaction officially approved by the COB. 2,317 423 1,888 2,071 273 1999 2000 2001 1999 2000 2001 1999 2000 2001 Photos: Atom, C. Cieutat, N. Daniilidis, A. Da Silva/Graphix Images, F. Gluzicki, A. Heisse, S. Kalimerov, M. Labelle, M. Ma ofiss, J.-P. Mesguen, E. Montagnier, S. Olivier, V. Paul/Graphix Images, Pierre et Gilles, D. Pype, D. Rousset, L. Tuchband, G. Uf ras/Rapho, J.-B. Vetter, F. Vigouroux, L. Zylberman/Graphix Images, J. Zindel, VINCI photo library. All rights reserved. 1 cours Ferdinand-de-Lesseps, 92851 Rueil-Malmaison Cedex, France 1999 and 2000 figures are pro forma Design and production: Strat us. Photo engraving: Open Graphic. Printed by JPA. Tel: +33 1 47 16 35 00 — Fax: +33 1 47 51 91 02 — Internet: www.vinci.com (1) After allocating Construction net sales to the different business lines (services, energy and information, roads and construction) and after eliminating inter-company transactions (2) Excluding Cofiroute VAT Key figures Net sales by business segment (1) Net sales by geographic area in millions of euros in millions of euros annual report 62% France 10,602 10% Concessions and services 9% Germany 2001 1,791 1,476 18% Energy and Information 7% UK 3,098 1,117 33% Roads 11% Other European countries 5,689 2,087 36% Construction 5% North America 6,114 835 3% Miscellaneous Total Total 6% Rest of the world 480 17,172 17,172 Annual report 2001 1,055 ¥ Net sales (2) Gross operating surplus Operating income VINCI in millions of euros in millions of euros and as a percentage in millions of euros and as a percentage of net sales of net sales 17,253 1,460 • 8.5% 15,643 1,312 • 8.4% • 1999 2000 2001 1999 2000 2001 1999 2000 2001 Net income Shareholders equity Net debt and minority interest in millions of euros in millions of euros In accordance with regulation no. 98-01, this document was filed with the COB in millions of euros (the French securities and exchange commission) on 12 April 2002. It may be used in support of a financial transaction only if it is supplemented by 1,855 a prospectus on the transaction officially approved by the COB. 2,317 423 1,888 2,071 273 1999 2000 2001 1999 2000 2001 1999 2000 2001 Photos: Atom, C. Cieutat, N. Daniilidis, A. Da Silva/Graphix Images, F. Gluzicki, A. Heisse, S. Kalimerov, M. Labelle, M. Ma ofiss, J.-P. Mesguen, E. Montagnier, S. Olivier, V. Paul/Graphix Images, Pierre et Gilles, D. Pype, D. Rousset, L. Tuchband, G. Uf ras/Rapho, J.-B. Vetter, F. Vigouroux, L. Zylberman/Graphix Images, J. Zindel, VINCI photo library. All rights reserved. 1 cours Ferdinand-de-Lesseps, 92851 Rueil-Malmaison Cedex, France 1999 and 2000 figures are pro forma Design and production: Strat us. Photo engraving: Open Graphic. Printed by JPA. Tel: +33 1 47 16 35 00 — Fax: +33 1 47 51 91 02 — Internet: www.vinci.com (1) After allocating Construction net sales to the different business lines (services, energy and information, roads and construction) and after eliminating inter-company transactions (2) Excluding Cofiroute VAT Contents COB cross-referencing table Key figures To make the document easier to read, the following table identifies the main headings that the docu- VINCI business lines 1 ment is required to cover, according to Regulation 98-01 of the Commission des Op rations de Bourse (French securities and exchange commission). Group management 2 Chairman s statement 3 Chapter Heading Pages A European company with operations worldwide 4 VINCI milestones 6 1.1. Name and title of individual responsible for the document 163 Recent developments and strategy 8 1.2. Statements of individual responsible and of Statutory Auditors 163-164 Corporate governance 10 1.3. Names and addresses of Statutory Auditors 163 Share price data and shareholder base 12 Shareholder relations 14 3.1. General information about the Company 150-153 Sustainable development 16 3.2. General information about the capital stock 154-156 3.3. Ownership structure and voting rights 12, 156-157 Business in 2001 3.4. Stock price 13, 158 Concessions 24 3.5. Dividends 13, 15 Energy and Information 36 Roads 46 4.1. Presentation of the Company 1-63 Construction 54 4.2. Litigation 112-113 4.3. Human resources 93, 111 Financial items 4.4. Investment policy 8-9, 70, 85 Report of the Board of Directors 66 4.7. Risk management 73-75, 107-110 Special report of the Board of Directors on stock options 78 Consolidated financial statements 82 5.1. Consolidated financial statements 82-116 Summary of the individual financial statements 118 Parent company financial statements 118-122 Reports of the Statutory Auditors 124 6.1. Corporate governance 2, 10-11, 160-162 Supplementary reports of the Board of Directors 134 6.2. Senior management shareholdings and remuneration 78-81, 112, 126-127 Resolutions submitted for approval to the Shareholders Meeting 138 6.3. Employee shareholdings 76, 78-81, 158-159 General information about the Company 150 Individuals responsible for the annual report 7.1. Recent developments 8-9, 66-73 and for auditing the financial statements 163 7.2. Future prospects 8-9, 72 Contents COB cross-referencing table Key figures To make the document easier to read, the following table identifies the main headings that the docu- VINCI business lines 1 ment is required to cover, according to Regulation 98-01 of the Commission des Op rations de Bourse (French securities and exchange commission). Group management 2 Chairman s statement 3 Chapter Heading Pages A European company with operations worldwide 4 VINCI milestones 6 1.1. Name and title of individual responsible for the document 163 Recent developments and strategy 8 1.2. Statements of individual responsible and of Statutory Auditors 163-164 Corporate governance 10 1.3. Names and addresses of Statutory Auditors 163 Share price data and shareholder base 12 Shareholder relations 14 3.1. General information about the Company 150-153 Sustainable development 16 3.2. General information about the capital stock 154-156 3.3. Ownership structure and voting rights 12, 156-157 Business in 2001 3.4. Stock price 13, 158 Concessions 24 3.5. Dividends 13, 15 Energy and Information 36 Roads 46 4.1. Presentation of the Company 1-63 Construction 54 4.2. Litigation 112-113 4.3. Human resources 93, 111 Financial items 4.4. Investment policy 8-9, 70, 85 Report of the Board of Directors 66 4.7. Risk management 73-75, 107-110 Special report of the Board of Directors on stock options 78 Consolidated financial statements 82 5.1. Consolidated financial statements 82-116 Summary of the individual financial statements 118 Parent company financial statements 118-122 Reports of the Statutory Auditors 124 6.1. Corporate governance 2, 10-11, 160-162 Supplementary reports of the Board of Directors 134 6.2. Senior management shareholdings and remuneration 78-81, 112, 126-127 Resolutions submitted for approval to the Shareholders Meeting 138 6.3. Employee shareholdings 76, 78-81, 158-159 General information about the Company 150 Individuals responsible for the annual report 7.1. Recent developments 8-9, 66-73 and for auditing the financial statements 163 7.2. Future prospects 8-9, 72 130,000 employees 3,000 local businesses 100,000 projects a year in over 80 countries VINCI, world leader €17 billion in net sales in concessions, €1,058 million in operating income construction €454 million in net income and related services €6 billion in market capitalisation VINCI stock is included in the CAC 40, Euronext 100, DJ Stoxx and Next Prime indexes. VINCI Concessions has been present for over a century in outsourced infrastructure management and has unrivalled expertise in the design, turnkey construction, financing and operation of facilities. VINCI Concessions manages road infrastructures, car parks, large structures, airports and airport support services. VINCI Energy and Information is the number one in France and a leading player in Europe in information and energy technologies. It is present in three areas: optimisation of manufacturing equipment; communication infrastructure, networks and services for businesses, local authorities and operators; and equipment for living and working areas. VINCI Roads is the European leader in the road industry and in recycled materials. It is present in three complementary businesses: roadworks, materials production and environment-related activities.