VINCI : 2024 VINCI Construction Essential

Editorial

Pierre Anjolras

President of VINCI Construction

2023 was a very solid year for VINCI Construction, in terms of revenue as well as margins. Our operating margin rose to 4%, a level not seen since 2011, while consistently applying our policy of selectivity. Our diverse skill sets, broad geographical coverage and efficient organisation reinforce our resilience.

"A growing proportion of our projects is linked to low-carbon mobility, renewable energy production, the water cycle, climate resilience and flood protection."

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A growing proportion of our projects is linked to the energy­ and environmental transition. Jobs associated with low-carbon mobility, renewable energy production, the water cycle, climate resilience and flood protection account for a significant share of our infrastructure projects. In the building sector, we are carrying out more and more refurbishment projects in which energy renovation goes hand in hand with adapting workplaces, homes and public areas to contemporary uses.

We are tackling these challenges by transforming our design and production processes in order to reduce the environmental footprint of the buildings and the infrastructure we develop. Our initiatives to reduce direct emissions (Scopes 1 and 2),

such as renewing our fleet of worksite equipment and vehicles, optimising worksite supply chains and transforming road asphalt plants, overlap with the development of low-impact materials and construction methods (Scope 3) such as low-carbon concrete and timber.

In our uncertain macroeconomic environment, our resilience will be reinforced by our broad spectrum of expertise, geographical diversification and organisational model. The latter combines strong local roots with the ability to mobilise teams to form networks, and thus generate a wide variety of contracts ranging from local jobs and maintenance operations to specialist services at the cutting edge of technical innovation and large-scale projects.

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Our operation worldwide

More than 100 countries

VINCI Construction is active in some 100 countries. Its array of expertise is unparalleled in the industry

and encompasses every trade in construction.

Canada

United States

9 countries account for over 85% of 2023 revenue

The 9 major countries

Presence of VINCI Construction

Czech Republic

United Kingdom

France

Australia

New Zealand

Average

contract value

 €450,000

Our areas

of expertise

VINCI Construction draws its resilience from a model that optimises market coverage. Within an organisation structured around

three complementary pillars, its teams work day after day

and side by side with their customers, whatever their size, wherever

they are and whatever the type of project, while contributing to

the large-scale transformations unfolding in society.

Major

Projects

P. 10

Our areas of expertise

Major

Projects

The Major Projects Division, which brings together VINCI Construction Major Projects, Dodin Campenon Bernard, VINCI Construction

GeoInfrastructure and Spiecapag, works on large-scale transport or hydraulic infrastructure programmes.

The Fehmarnbelt Fixed Link, combining rail and road, will provide more sustainable mobility options.

Energy infrastructure to enable the transition

VINCI Construction was involved in large energy infra­structure­ projects including a 180,000cu.metre liquefied natural gas storage tank in Rotterdam (Netherlands), extending capacity at a liquefied natural gas terminal on the Isle of Grain in the United Kingdom and building a gas pipeline in British Columbia, Canada. In France, it completed construction of a complex for the ITER international nuclear fusion research programme, illustrating the breadth and variety of skills that VINCI Construction can pool to deliver complex

18 km

Length of the Fehmarnbelt Fixed Link (between Denmark and Germany), the world's longest immersed tunnel.

Cairo metro in Egypt, Line 3 phase B.

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Transport infrastructure to support the growing need for mobility

In France, projects in connection with the Grand Paris Express - currently Europe's largest urban transport programme - dominated the business. The highlights on this programme in 2023 included­ completion of civil works on Lines 15 South and 14 South, and ongoing work on Line 18. The division was also awarded a substantial contract, in a consortium encompassing VINCI Construction and VINCI Energies,

for Line 15 West. It is also applying its cutting- edge expertise on the future Euralpin Lyon-Turin rail tunnel in south-east France and the New Coastal Highway (which comprises France's longest viaduct at sea) on Reunion Island, as well as on the HS2 high-speed line (involving a complex series of viaducts and tunnels) in the United Kingdom and the Fehmarnbelt Fixed Link (an immersed tunnel) in Denmark, two highly technical infrastructure programmes that will facilitate mobility.

In Egypt, where VINCI Construction has been working on successive projects on Cairo's metro system for decades, the division is currently extending Line 3. In the United States, the Major Projects' teams are active on the Hampton Roads Bridge-Tunnel project, which will ease traffic in Virginia. In Canada, they are contributing to modernising infrastructure on a variety of projects such as the Calgary Ring Road (completed in 2023), the Confederation Line in Ottawa, the renovation of the Louis-Hippolyte La Fontaine tunnel in Montréal and works on the Ontario Line subway in Toronto. In Colombia the division is refurbishing the Bogotá-Girardot highway and, in New Zealand, building Auckland's City Rail Link, two projects combining advanced construction techniques with initiatives to foster inclusion in their local area.

infrastructure on a worldwide scale.

Springbank reservoir near Calgary, Canada.

Hydraulic infrastructure to enhance climate resilience

VINCI Construction is working on several major projects relating to water resource management, renewable energy production and climate resil- ience, including: in London, the Thames Tideway Tunnel, a system designed to prevent polluting the Thames (involving two tunnels 5.5 and

4.6 km long and transfer shafts under the river); in Morocco, the Abdelmoumen pumped-stor-

age power station (350 MW of capacity); in Senegal, the Sambangalou dam (which will generate 400 GWh of renewable energy every year and irrigate nearby farmland); in Cambodia, the Bakheng water treatment plant (which will supply drinking water to 1.5 million people); in Canada, the Springbank reservoir designed to protect people living in the wider Calgary region during peak volume events.

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Our areas of expertise

Specialty

Networks

The companies in VINCI Construction's Specialty Networks

• Soletanche Bachy, Menard, Terre Armée, Freyssinet, Nuvia and Sixense - bring together a range of expertise that

is unrivalled in the construction and engineering world.

1,000 t

The amount of prestressed concrete Freyssinet used on Grand Paris Express Line 18.

Terre Armée, a specialist in reinforced soil slopes and structures using Reinforced Earth® technol- ogy, retaining walls and precast concrete arches, continued to diversify its range of geosynthetic soil reinforcement and protection solutions. It worked on several projects in the United

Retaining wall for

Ottawa's Trillium

Line LRT, Canada.

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Soletanche Bachy, a global leader in foundations, was active on numerous transport infrastructure projects including the HS2 high-speed line in the United Kingdom, and the extension of the Toulouse subway system in France and the Ang Mo Kio mass rapid transit station in Singapore. In energy and hydraulic engineering, the main projects were the Ras Laffan solar power plant in Qatar, and the Chimney Hollow Reservoir dam (Colorado) and the Arbuckle Reservoir (Texas in the United States. It was also involved in the construc­ tion of battery plants in the United States and Hungary. Operationalising VINCI Construction's innovative solutions, Soletanche Bachy inaugurated Exegy® low-carbon concrete foundations on the Sullivan 25 project in Mexico.

Menard, which specialises in soil investigation, improvement and remediation, maintained high business levels, thanks in particular to robust performance in Australia, the Middle East and the United States, where a number of recent acquisitions have helped it expand its foothold. Business in North America was driven by various projects for electric vehicle and battery plants. At the Linamar car equipment manufacturer's new production plant in Welland (Ontario, Canada), for instance, generative design solutions developed in-house reduced the amount of material used and implemented low-carbon concrete. After purchasing Lankelma in the United Kingdom in 2022, Menard strengthened its position in the soil investigation sector in Canada by acquiring Geotech at the end of 2023.

Kingdom (canal bridge in Winchburgh, Scotland), Australia (Ovingham Level Crossing), the United States (I-65 North Split, Indianapolis), Canada (Ottawa's Trillium Line light rail transit) and Brazil (access to the stadium in Belo Horizonte, state of Minas Gerais), among others.

Freyssinet, a specialist in structures, is meeting strong demand for new construction and repairs to existing structures, as well as hydraulic infrastructure waterproofing works. Among its main projects, the company has been working on Line 18 of the Grand Paris Express in France; the HS2 high-speed line in the United Kingdom; the Rama III-Dao Khanong bridge in Bangkok, Thailand; the My Thuan 2 bridge over the Mekong river in Vietnam (cable-stay systems); the Industrial bridge in Concepción, Chile (instal- lation of seismic isolators); the Fort McHenry tunnel in Baltimore, United States (concrete repairs); and the Monterrey rapid transit system in Mexico (rehabilitation of viaduct piers).

Nuvia, which specialises in projects, services and products in highly regulated industrial envi- ronments, mainly in the nuclear sector, handles scheduled unit outages at EDF's nuclear plants in France and carries out radiation protection work on 12 nuclear sites in the United Kingdom. It won new contracts in the United Arab Emirates for the Barakah nuclear power plant (manage- ment of protective equipment waste), in Sweden for the training and provision of safety officers

for the Nynas AB refinery in Nynäshamn, and in Belgium for the construction of an automated waste identification line at the Doel nuclear power plant.

Sixense, which often works in collaboration with other VINCI Construction entities, experienced strong growth in demand for its engineering services (condition survey of existing structures, digital solutions and infrastructure monitoring), exemplified by the system it set up on the Pont de Pierre bridge in Bordeaux, France.

Construction of a viaduct for Grand Paris Express Line 18.

Extension of

the Ang Mo Kio MRT station in Singapore.

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Our areas of expertise

Proximity

Networks

These networks bring together an array of companies with deep roots in their geographies, all around the world,

and is based on a simple principle: each team focuses on its main

area of expertise, in its market, to serve its local customers.

Paris Psychiatrie

• Neurosciences university hospital, Sainte-Anne neuro ward, Paris.

Projects relating to healthcare, education, culture and sport

Healthcare: a number of hospital projects for instance in Nantes (Loire-Atlantique) - the largest hospital construction project of its kind in Europe -, Rennes (Ille-et-Vilaine), Reims (Marne),

Lens (Pas-de-Calais), Caen (Calvados), Nîmes (Gard) and Montpellier (Hérault).

Education and research: conversion of the Télécom Paris site in the French capital, the Tangram training and innovation centre for CMA CGM in Marseille, the campus of the École Supérieure des Métiers Artistiques' film department in Bordeaux and the public library in Clermont-Ferrand(Puy-de-Dôme).

Culture: the future Maison LVMH/Arts-Talents- Patrimoine, in the Bois de Boulogne woods (western Paris); conversion of the former Louvre des Antiquaires building (also in the capital) into a venue for contemporary art; renovation of the Château de Villers-Cotterêts (Aisne), which will house the Cité Internationale de la Langue Française; and the Chartres exhibition centre (Eure-et-Loir).

Sport and leisure: the Athletes' Village - part of the Universeine project - in Saint-Denis in preparation for the Paris 2024 Olympic and Paralympic Games, the La Meinau stadium in Strasbourg, the UCPA Sport Station in Bordeaux and the LDLC Arena in the Greater Lyon area.

The To-Lyon tower,in the La Part-Dieu

Building France

A wide variety of projects

Substantial growth in refurbishment activity, particularly in social housing, made up for the drop in new-build projects. VINCI Construction completed numerous overhauls throughout France, encompassing student residences (Maison d'Égypte and Maison de

la Chine in Paris, and Patio Brazza in Bordeaux), retirement homes (Le Clos de l'Arsenal in Dijon,

Nord), and large-scale developments such as the Îlot Saint-Germain and Picpus complexes in Paris, the Jardins d'Abraxas in Noisy-le- Grand (Seine-Saint-Denis) and Les Jetées in Huningue (Haut-Rhin).

neighbourhood in Lyon.

The examples below provide an overview of the broad range of operations that the Building France division's teams have tackled.

In business property, they handled construction of the Link high-rise in La Défense and the To-Lyon tower in Lyon, and renovation of L'Oréal's historic head office in Paris and the business complex on boulevard du Mercantour in Nice (Alpes-Maritimes).

VINCI Construction also builds industrial and logistics facilities: recent examples include a plant for Envision AESC, a Japanese company that will manufacture electric batteries for Renault, near Douai (Nord); a cogeneration unit

at the Solvay plant in Dombasle-sur-Meurthe(Meurthe-et-Moselle); logistics hubs for Lidl in Saint-Augustin(Pas-de-Calais) and Honguemare- Guenouville (Eure), and for Thales in Cholet (Maine-et-Loire).

Other prominent sectors include security and defence (for instance the police station in Nice and upgrade work at air base 115 in Orange, both in southern France), and hotels and luxury real estate (work at the Four Seasons George V in Paris; renovation and extension of the Carlton- Cannes in southern France; the voco® hotel in Beaune, Burgundy; the La Porte Bleue complex in Marseille).

Burgundy, and an independent living facility in Eyzin-Pinet, Isère), co-living residences (Cité Internationale de la Recherche in Nanterre, Hauts-de-Seine, and Olympium in Villeneuve-d'Ascq,

The Rehaskeen® solution was used to refurbish the École Nationale

Vétérinaire in Toulouse.

Proximity Networks

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service structures between the Noisy-Champs and Créteil-L'Échat stations on the Grand Paris Express.

Teaming up with other VINCI Construction divisions

Civil Engineering

Civil Engineering France subsidiaries, partnering with Major Projects companies, are working on the largest projects on the Euralpin Lyon-Turin and Grand Paris Express rail programmes. As part of the latter, they are overseeing the construction and fit- out of Noisy-Champs station, fit-out of

Châtillon-Montrouge station, as well as the building of 17 service structures between the Noisy-Champs and Créteil-L'Échat stations and ancillary structures on lines 15 South and

16. They also provided anchoring and founda- tion work, notably on hospital projects carried out by the Building France division.

The Noisy-Champs station, at the intersection of metro lines 15 and 16 and RER

Line A, is one of the landmarks of the Grand Paris Express.

France

Addressing the issues in society

Revamping

and modernising infrastructure

The division secured a number of major contracts for civil engineering work related to the improvement of the Austerlitz train station in Paris and the creation of a passenger hall,

The Charmes- sur-Rhône bridge in Ardêche, south-east France.

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modernisation of the Calcia cement plant in Airvault (Deux-Sèvres), and its contribution, with VINCI Energies, to the construction of two electrical energy converter stations with a combined capacity of 2 GW on the Inelfe interconnection project between France and Spain.

The Calcia cement plant in Airvault, west-central France.

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Proximity Networks

Preparing for the Paris 2024 Games

The division's subsidiaries were involved in several projects in the build-up to the Paris 2024 Olympic and Paralympic Games: the Athletes' Village in Saint-Denis; the Marie-Curie sports complex in Nogent-sur-Oise (Oise), which was renovated and expanded to accommodate a dojo; the Olympium real estate complex in Villeneuve-d'Ascq (Nord), where the basketball and handball teams will be housed; redevelopment of the areas surrounding the Grand Palais museum, the Warsaw fountain in the Trocadero Gardens and the new Porte de La Chapelle (Adidas) Arena in the capital.

The Olympium complex in Villeneuve-d'Ascq to house athletes.

Equipping cities to cope with climate change

Resurfacing

the A9 motorway.

Road France

Projects covering all mobility options

VINCI Construction's Road France companies took part in a growing number of climate adaptation projects (combating urban heat islands, rethinking or introducing parks and gardens, soil unsealing) for example with their new Revilo® integrated offering.

France's leader in materials. More upstream in the construction supply chain, VINCI Construction produces around 80 million tonnes of aggregates every year in France, of which almost 20% are recycled. As France's leader in this market, it aims to double its output of aggregates from

In 2023, VINCI Construction was also awarded the contract to recycle excavated materials from the French side of the Mont-Cenis base tunnel (Savoie), on the Euralpin Lyon-Turin rail link project, following on from the civil engineering work.

The Revilo® solution in use on Place Gambetta in Bergerac

in Dordogne.

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The main operations undertaken during the year related to a variety of sectors:

• In roads and motorways, work on the A9, A10, A61, A62 and A63 intercity motorways, the A660 near Bordeaux and the M35 in Strasbourg;
• In urban transport infrastructure and active mobility, creation or extension of tramway lines in Marseille, Bordeaux and Greater Paris; development of new-generation bus routes in Bordeaux (all-electric express bus), Toulouse, Nancy and other cities; construction of cycling lanes and greenways in Angers (Maine-et- Loire) and Strasbourg, and of cycle route 52 in the Marne department (north-east France);

• In urban development work, redesign of the Porte Maillot area in Paris, and upgrade of roads and public spaces in urban areas in Pau (Pyrénées-Atlantiques), Nantes and Toulouse, as well as in central Dunkirk (Nord) and La Réole (Gironde);
• In the logistics, industrial and commercial platforms sector, the new assembly line for the Airbus A321neo in Toulouse, the future exhibition centre in Chartres, the DLI-Sud mul- timodal platform serving the Dunkirk seaport, and the logistics hubs for the SEB group in Bully-les-Mines(Pas-de-Calais) and for Colruyt in Choisey (Jura).

recycled materials by 2030.

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responsible sourcing streams for Ogêo®, a new line of highly technical, low- carbon aggregates.

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