WORKING WITH YOU TO BUILD YOUR STORY
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CONTENTS SHARING EXCEPTIONAL STORIES WITH YOU 16 — 27 Attentive to our customers 18 — 19 Attentive to civil society 20 — 21 Attentive to the planet 22 — 23 A talk with Attentive to our employees 24 — 27 the Chairman — 02 Management team — 06 A range of solutions WORKING WITH YOU TO BUILD designed to address A STORY WITHOUT BORDERS 28 — 64 global issues — 08 A strong international presence — 09 TACKLING THE MAJOR GLOBAL CHALLENGES 30 — 31 Three complementary FRANCE: major infrastructure projects 32 — 38 pillars — 10 Focus: HOUSING — 39 OVERSEAS FRANCE: outstanding development projects 40 — 41 Our economic EUROPE: a buoyant market 42 — 44 performance — 11 Focus: THE CITY BELOW THE CITY — 45 A look back at 2018 — 12 AFRICA: economically and socially useful projects 46 — 48 Focus: WATER CYCLE — 49 OCEANIA: new frontiers 50 — 51 ASIA: the age of major projects 52 — 54 MIDDLE EAST: a source of opportunities 55 — 57 CENTRAL & SOUTH AMERICA: a high-growth area 58 — 62 Focus: MARINE INFRASTRUCTURE — 61 NORTH AMERICA: a growing continental market — 63 Focus: CLEAN ENERGY — 64 Cover: Works package T3C of Line 15 South (Grand Paris Express), assembly of the tunnel boring machine cutting wheel in Arcueil-Cachan (also see p.35).
PROFILE VINCI Construction is a global player and European leader operating on five continents with more than 71,000 employees, 830 companies and strong roots in its host geographies. We design and build structures and infrastructure that address the major issues facing today’s world – global warming, population growth, burgeoning urbanisation and increasing mobility. Our integrated design-build business model enables us to operate across €14,231m the entire project life cycle (financing, design, construction and maintenance) Revenue* in eight business areas: buildings, functional facilities, transport infrastructure, water infrastructure, €400m renewable and nuclear energies, environment, oil and gas and mining. Operating income from ordinary activities* Our goal is to build strong stakeholder partnerships and trust and our approach is grounded in the principles over 30,000 of transparency, dialogue and Projects under way corporate responsibility. In a rapidly changing world, we strive to set an example in construction and to become the global benchmark and the partner of choice of our customers. * IFRS 2018 data 1
A TALK WITH THE CHAIRMAN “THE CONTENT OF OUR SOLUTIONS AND SERVICES IS CONSTANTLY should not obscure the fact that EVOLVING AND we also handle a large number of wide-ranging, smaller projects. We do our best to capitalise on EXPANDING.” that asset. This more granular business gives us a stronger presence and makes us more useful day-to-day, while protecting us from strong A talk with Jérôme Stubler, Chairman of VINCI Construction. fluctuations in the major projects business cycle. We are proud of our ability to handle both small local projects and large international projects. In 2018, the latter included the iconic Lusail light rail in Qatar, How would you describe Our income from operations built by our subsidiary QDVC. VINCI Construction’s grew by nearly 20%* in 2018, Other major projects included performance in 2018? improving our strength. offshore ground consolidation We must continue to improve as part of the Hong Kong airport VINCI Construction is on the going forward to ensure that our extension led by Bachy right track. We have returned results are commensurate with Soletanche, the Phuoc Khanh to growth and our order book the engagement of our teams. and Binh Khanh cable-stayed has substantially increased bridges built by Freyssinet in over the past two years. What were the main Vietnam and the gas pipeline This reflects the hard work VINCI Construction across Albania and part of we have done in recent years. projects in 2018? Greece laid by Spiecapag. I could We have boosted our operations also mention the Varso Tower outside France by making a We handed over more than in Warsaw, which will be Europe’s number of selective acquisitions. 30,000 projects. Obviously tallest building and is being built For example, we have VINCI Construction is known by Warbud; the rotation of the significantly expanded our for design-build construction metal frame of the railway bridge business in Oceania. of major projects, but that on the Pňovany-Bezdružice line * Management figures 3
A TALK WITH THE CHAIRMAN and South America and increasing amounts energy; in Asia, business has held and in a separate development, steady overall. And in France we are currently building our order book is up, thanks a hydroelectric energy storage to opportunities generated unit in Morocco. We are also by the Grand Paris programme supporting the green revolution and the growth of large movement by restoring urban areas. biodiversity to our regions and urban areas, remediating What are the major polluted land and providing challenges facing environmental engineering VINCI Construction? services. Another key focus is digitalisation. Our worksites “IN 2018, WE IMPROVED These are exciting times are rapidly going digital. in more ways than one. Sixense, our subsidiary OUR STRENGTH.” The content of our solutions specialising in digitalisation and services is constantly of building and infrastructure evolving and expanding. construction, provides For example, we are working innovative solutions on ways to tackle urbanisation that facilitate our worksite issues via new approaches to operations and enable urban (re)construction above us to work faster, smoother and below the city. We are also and safer. providing practical solutions Lastly, we are focusing for our customers by building on employment. more affordable housing With the expansion of our that is better suited to the activity in France we hired in the Czech Republic by SMP; What is your take on the needs and budgets of first- more than 2,000 long-term and the Ouagadougou highway main geographical areas time home buyers. And we unemployed people in 2018. interchange in Burkina Faso where VINCI Construction are humbly but firmly involved We are doing the same thing built by Sogea-Satom. operates? How are these in the energy revolution. abroad. This reflects the social In France, we are completing geographies doing? To do this, we design and significance of our work, in the New Coastal Highway build structures that save which all our teams take pride. viaduct on Reunion Island, Our revenue is expanding together with Dodin Campenon substantially in Central Europe Bernard, VINCI Construction with the start of a number Grands Projets and our local of major projects. We are subsidiary SBTPC. VINCI expanding in Oceania with Construction France is also Seymour Whyte and HEB involved in various major projects Construction, which have in the La Défense business won significant contracts district near Paris, where it is in Australia and New Zealand. building the Saint-Gobain In Africa, growth is resuming “MORE AND MORE and Trinity towers, the nearby after a downturn over several CUSTOMERS ARE SEEKING VINCI head office and under years. Our volume declined TO BUILD A RELATIONSHIP it a new underground station in the Middle East following and adjacent tunnels for the completion of a number BASED ON TRUST.” e-déf Eole-La Défense project. of major projects. In North 4 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
A TALK WITH THE CHAIRMAN How is How are your customer supportive, long-term projects coming up. Nothing VINCI Construction relationships evolving? working relationship with can ever be taken for granted conducting our customers. but I am confident that by its transformation? An increasing number focusing on our fundamentals, of customers are seeking to What is the outlook our “essentials”, by which For the past several years, develop a relationship based for VINCI Construction I mean our endeavour VINCI Construction has on trust. This is reflected in 2019 and thereafter? to achieve simplicity and been structured in three in the growth of ECI - Early constant improvement, complementary pillars – Contractor Involvement. With We move into 2019 with an we will deliver clarity a network of local general ECI, the cost-timeline equation order book that has increased and performance, the keys contracting companies, can be optimised, with the significantly and outstanding to trust and success. major projects companies initial design phase based and a global network on the co-design concept of specialist companies. via direct, productive To transform the group dialogue with the customer. at a fast pace, we are This results in more accentuating synergies cooperation, greater cost to offer more integrated control, lower risk solutions and services. We have and a design phase that also made a major effort to benefits both parties. achieve constant improvement Such a relationship in our design methods and enables all stakeholders execution productivity. to pull in the same direction, work together to find “SIMPLICITY IS ONE OF THE In practical terms, solutions to the difficulties how is digital technology encountered and ultimately KEY SUCCESS FACTORS changing the design-build boost their performance. IN TODAY’S WORLD.” construction industry? What are the Digitalisation is nothing new keys to success in our business activities – in today’s world? it is already widespread in our design activity. The answer is clear-cut. The advent of BIM has enabled To be efficient in a complex us to co-design our structures world, we need to keep through geometrical integration it simple. Of course that of the various building trades. is much easier said than This significantly improves done. In our business, worksite preparation and we face the constant reduces the number of changes challenge of delivering made during the construction a project under the best phase. Worksite digitalisation possible conditions. is already well under way with This entails compliance the use of various software with a number of essentials: systems such as Digital Site, painstaking preparation, which paves the way for team management focused our works teams to move on design excellence and to paperless operations. productivity, and a close, 5
MANAGEMENT TEAM MANAGEMENT TEAM The management team brings together the chairman of VINCI Construction, the chairmen of the main companies that make up VINCI Construction and the directors of the support functions. JÉRÔME STUBLER Chairman, VINCI Construction GILLES GODARD HUGUES FOURMENTRAUX MANUEL PELTIER Chairman, Chairman, Chairman, VINCI Construction International Network VINCI Construction France Soletanche Freyssinet BENOÎT LECINQ PATRICK KADRI Chairman, Chairman, Entrepose VINCI Construction Grands Projets 6 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
MANAGEMENT TEAM YANN GROLIMUND HERVÉ MELLER Chief Administrative and Financial Officer, Human Resources Director, VINCI Construction VINCI Construction CORINNE DESCOURS JEAN-SERGE BOISSAVIT CHLOÉ CLAIR Communications Director, Business Development Director, Chief Technical Officer, VINCI Construction VINCI Construction VINCI Construction NATHALIE MABIL JEAN-PHILIPPE BRÉOT PHILIPPE VENAMBRE General Counsel and Ethics Coordinator, Health and Safety Director, Information Systems Director, VINCI Construction VINCI Construction VINCI Construction 7
FACTS AND FIGURES “We harness our diverse range of solutions and services to design and build a wide variety of complex structures and infrastructure around the world.” Population Climate Environmental Energy challenge challenge challenge challenge A RANGE OF SOLUTIONS DESIGNED TO ADDRESS GLOBAL ISSUES BUILDINGS FUNCTIONAL TRANSPORT WATER FACILITIES INFRASTRUCTURE INFRASTRUCTURE Improving the living Optimising Making the world Making the most environment urban facilities more mobile of water resources Shopping centres, schools, Roads, bridges, viaducts, Dams, canals, locks, Residential and universities, cultural and heritage marine and river infrastructure, pipelines, wells office space, hotels buildings, stadiums, sports railway and airport facilities, hospitals and industrial infrastructure and service sector facilities RENEWABLE AND OIL AND GAS ENVIRONMENT MINING NUCLEAR ENERGY Providing safe Protecting Providing access Fostering access and durable the planet to new resources to safer, more infrastructure Water treatment, Roads, tunnels, drilling, sustainable energy Oil drilling, oil pipelines, waste recycling, soil remediation, soil investigation, cavities Nuclear, wind, gas pipelines, jetties, environmental infrastructure hydroelectric, storage, processes geothermal 8 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
FACTS AND FIGURES 71,401 employees 48% of revenue* generated outside France A STRONG INTERNATIONAL PRESENCE Europe €2,817m France Revenue by geographical area (in € millions and as a percentage)* 20% €6,855m Africa 47% €932m Overseas France 6% €719m Middle East 5% €453m 3 3 North America 3% €530m Asia 4% €705m Central and 5% South America Oceania €583m €931m 4% 6% “We are steadily expanding internationally. VINCI Construction companies operate in more than 100 countries and in all types of environment.” * Management figures (notably including QDVC) 9
FACTS AND FIGURES THREE COMPLEMENTARY PILLARS 1 2 3 OUR NETWORK OUR MAJOR OUR SPECIALIST OF LOCAL SUBSIDIARIES PROJECTS DIVISION SUBSIDIARIES operating close managing major projects delivering technology to our customers around the world and high level Our network of local general The companies in our Major Projects of expertise contractors brings together a wide Division operate individually in the Our specialist subsidiaries bring range of companies with strong roots countries where the local network together engineers with strong in their regions, in France and around does not yet exist and in synergy geotechnical, structural, digital, the world. The basic entity is a team with the other VINCI Construction nuclear, oil, gas and renewable focused on a main business activity entities in countries where the Group thermal energy expertise to deliver and operating in an area close to its is already present. They deliver a high solutions with high technological customers. These subsidiaries build level of expertise across the full content. Operating in more than on their familiarity with local markets range of complex civil engineering, 80 countries, they can work and local issues to deliver solutions earthworks and building projects, as general contractors, joint that meet customers’ needs provide outstanding engineering and contractors or subcontractors. in projects of all sizes. project management capabilities and propose solutions that minimise MAIN COMPANIES: MAIN COMPANIES: project risk. Soils: Soletanche Bachy and Menard VINCI Construction France Structures: Terre Armée and Freyssinet VINCI Construction UK MAIN COMPANIES: Nuclear: Nuvia VINCI Construction International Network: VINCI Construction Grands Projets Digital services for construction: Sixense - VINCI Construction Dom-Tom VINCI Construction Terrassement Oil and gas, energy storage and (Overseas France) Dodin Campenon Bernard Waste-to-Energy: Entrepose Group - Sogea-Satom (Africa) - Warbud, Průmstav, SMP and SMS (Central Europe) - HEB Construction and Seymour Whyte (Oceania) - SMCE (Mexico) €9,048m revenue* €1,303m revenue* €3,880m revenue* 40,415 employees 6,959employees 24,027 employees * IFRS 2018 data 10 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
FACTS AND FIGURES OUR ECONOMIC PERFORMANCE A UNIQUE COMPANY Global player €17.7bn and European leader €14,231m €400m order book* revenue* (up 5%), accounting for operating income from 14.9 months of activity ordinary activities* WIDE-RANGING ACTIVITIES over 30,000 projects every year 830 consolidated companies EMPLOYEES TRAINED TO STRIVE FOR OPERATIONAL EXCELLENCE 71,401 employees over 1 million hours of training provided in 2018 * IFRS 2018 data 11
A YEAR OF PROGRESS A LOOK BACK AT 2018 A review of the progress that enabled the company to continue to grow and serve its main stakeholders. Technological innovation DISCERN set up to deliver in underground construction augmented reality Leading underground construction Following an R&D project coordinated company Dodin Campenon Bernard by Dodin Campenon Bernard and has now fully integrated digital focused on the widespread use technologies in its business activity. of augmented reality on worksites, To boost quality, safety and productivity, VINCI Construction decided VINCI Construction has introduced to set up the DISCERN company real-time 3D display to facilitate in partnership with other industries. tunnel boring machine operation, The purpose of the new company developed a functional prototype is to roll out “technical” augmented real-time scanner for conventional underground works and adopted reality technologies in construction a company digitalisation plan. projects. 2018 Rapid digitalisation VINCI Construction is increasingly using digital tools in its design-build process. For example, VINCI Construction France, VINCI Construction Grands Projets, Entrepose Contracting and VINCI Construction International Network are introducing the digital totem on their worksites, which is tantamount to an open-air office in a cabinet that displays the latest versions of drawings and BIM models in 2D and 3D. VINCI Construction France developed the device, which won a 2017 VINCI Innovation Award. Innovation is also a focus at Sixense, which has introduced the Digital Site tool on more than 300 projects and launched Sissterra®, which uses an innovative, non-invasive method to generate a 3D display of the subsurface. Lastly, Geocean is working on an image recognition project for Entrepose Group to cover equipment references. 12 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
A YEAR OF PROGRESS Construction of a community footbridge project In partnership with the Danish COWI company, Freyssinet worked with U.S. NGO Bridges to Prosperity to help build the Kucyaruseke bridge in southern Rwanda. Five people from each company travelled to Rwanda to volunteer their skills. The bridge will improve daily life for the local population, which has so far used a rough log bridge across the river to take Integration through worksite logistics produce to the market in Huye. With the creation of LIVA, a social enterprise focused on back-to-work integration and specialising in logistics services for building worksites, ARES (51%) and VINCI Construction France (49%) joined forces to professionalise worksite logistics jobs and create a comprehensive digital and offsite logistics service. The social joint venture will also fulfil the integration clauses included in many contracts and foster innovation in worksite logistics. FEBRUARY APRIL JUNE A new entity in Mexico Sixense expands its solutions and services With the creation of VINCI Construction Mexico, VINCI Construction hopes to play an active role The acquisition of Perazio Engineering, in the private sector building market in central which specialises in 3D/4D metrology Mexico City. In December 2018, the new entity and digitalisatioan, will give Sixense won a first contract in partnership with CIMESA a comprehensive airborne, onshore, (Soletanche Freyssinet) to carry out the structural underground and offshore digitalisation works for an 18-storey apartment building. solution. 13
A YEAR OF PROGRESS Geste d’Or recognition In the eighth annual Geste d’Or competition, which recognises exemplary projects focused BIM d’Or successes on the heritage of the past, the present and the future, VINCI Construction France won the Geste d’Or du Grand Prix Atchitecture, Innovation Sociale et Économique award for the VINCI Construction won three restructuring of the building at 8-10, rue Charles V in Paris by GTM Bâtiment; the Geste d’Or prizes at the 2018 BIM d’Or awards du Grand Prix Chantier award for the rehabilitation of the Couvent des Jacobins in Rennes organised by Le Moniteur. At the and its transformation into a convention centre led by Sogea Bretagne BTP; the Geste d’Or awards ceremony, ADIM Paris du Grand Prix Amont award for the rehabilitation of the Congregation of the Sisters Île-de-France (VINCI Construction of Saint Joseph cloister in Annecy developed by ADIM Lyon; and the Geste d’Argent du Grand France) was presented with the Prix Métiers award for the restoration of the Tour des Anges and the Tour de la Garde-Robe prize in the new building category of the Papal Palace in Avignon by Girard. for the Jardins de l’Arche high-rise in La Défense. Citinéa (VINCI Construction France) won the prize in the renovation projects category for the refurbishment of the Noirettes and Grand Bois apartment complexes in Vaulx en Velin in southeastern France. Lastly, the prize in the international construction category went to the VINCI Construction Grands Projets teams for the BIM-based construction Rehabilitation of the Couvent of the National Research Oncology des Jacobins monastery in Rennes. Centre in Astana, Kazakhstan. SEPTEMBER OCTOBER Virtual reality for the end user! REHALIB, a virtual reality application for new-build and renovation projects, enables the prospective homeowner or tenant to use a smartphone or computer to enter the living space, choose arrangements To highlight its one-of-a-kind and display possible changes. Following earthworks capabilties, the intrapreneur programme at Leonard, VINCI Construction VINCI’s foresight and innovation laboratory, Terrassement redefined GTM Bâtiment (VINCI Construction France) its strategic positioning is now developing REHALIB with the goal and adopted a new slogan: of rolling it out and making it into a viable “First on the ground”. business unit. 14 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
A YEAR OF PROGRESS Chantiers & Territoires Solidaires issues a second call for projects The Chantiers & Territoires Solidaires Fund co-founded by VINCI Construction encourages and supports public-interest “Entrepose au féminin” projects located near the Grand Paris worksites on which Group is up and running companies are working. The Fund launched a new call for projects, Entrepose put together the its second, at the end of 2018 on the theme of social ties. “Entrepose au féminin” programme Projects will be supported around the GCO2 worksite along in order to open up its jobs to women Grand Paris Express Line 14 South. Around Line 15 South (lot T3C), and offer them attractive careers. 11 projects have already received Fund support, incuding Arpeije It will ramp up initiatives in 2019 and its Le Rayon Vert integration project focusing on recycling, to achieve these objectives. bicycle repair and accessory production. NOVEMBER DECEMBER Boosting our building envelope expertise ActivSkeen, which specialises in photovoltaic facade surfaces and dynamic glazing solutions, has boosted its expertise with the acquisition of Ertex Solar, an Austrian company with expertise in building-integrated photovoltaics. Shared pride in the ICE People’s Choice Award The 2018 ICE (Institution of Civil Engineers) Prize was awarded to the Kaikoura road and rail recovery projects carried out in New Zealand following the November 2016 earthquake. The prize recognises HEB Construction’s work on the SH1 highway rehabilitation project. 15
SHARING EXCEPTIONAL STORIES WITH YOU For the e-déf Eole-La Défense 35 metres project, which is extending the RER E regional express line west below the surface of Paris, VINCI Construction The new station will be located under the CNIT in La Défense. and its subsidiaries — The VINCI Construction teams achieved a standout technical feat in underpinning VINCI Construction France, the CNIT structure to enable the cathedral RER E station to be excavated under it. VINCI Construction Grands Work on the foundations of the new station got under way at the end of the year. Projets, Dodin Campenon Bernard, Soletanche Bachy France, Freyssinet, Sixense and Botte Fondations — are building the underground station at La Défense and its adjacent tunnels. The new station will improve the quality of service provided for riders and more broadly enhance the attractiveness of the business district. Setec / Egis / Duthilleul / Arep / Vincent Donnot 16 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
Attentive to our customers 18 — 19 Attentive to civil society 20 — 21 Attentive to the planet 22 — 23 Attentive to our employees 24 — 27 17
ATTENTIVE A s a benchmark For example, it has developed construction group, the Primméa brand to provide VINCI Construction affordable, high-quality TO OUR delivers solutions housing at below-market that are specifically prices. The innovative tailored to the needs and Primméa approach is based CUSTOMERS expectations of its customers on pre-design and modularity and help tackle several issues and aimed at facilitating low-cost facing society at large. first-time homeownership. Similarly, in the healthcare VINCI Construction works with Addressing major sector, VINCI Construction its customers to design and develop demographic and has built on its track record solutions tailored to their needs. healthcare issues comprising more than Panorama. Against a backdrop of steady 200 hospital projects around population growth, urbanisation, the world to put together burgeoning mobility and the Hycare range of turnkey increasing housing and hospitals and medical centres. healthcare infrastructure VINCI Construction Grands needs, VINCI Construction Projets delivers the Hycare focuses on solutions that range of solutions outside address these issues. France to capitalise on the 18 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
ATTENTIVE TO OUR CUSTOMERS Building better and more cost effectively The construction market to include biodiversity is geared to a quest for and urban agriculture in urban continuous improvement. The goal is to build high-quality development projects; structures with optimised and Arbonis, dedicated costs and delivery times, to wood construction. an increasingly complex VINCI Environnement challenge. For this reason, also helps protect the VINCI Construction is engaged environment with its in a variety of R&D initiatives waste-to-energy solutions. aimed at shortening lead times and reducing costs. The Hycare range of solutions and services launched in 2018 brings Delivering solutions together VINCI Construction’s expertise in the hospital sector. to meet specific needs To boost its presence and Making the most deliver new solutions for its of French hospital customers, VINCI Construction expertise continues its drive to operate experience gleaned and work to conserve on a number of complex, As part of the Hycare launch, by VINCI Construction biodiversity and natural value-creating niche VINCI Construction set up markets. For example, a Strategic Guidance Council. France and make the most resources. To improve quality The Council is made up of its sought-after expertise of life, VINCI Construction has to meet the demand for of physicians, university to better support healthcare recently developed several design, construction and professors and a variety provision for populations. ranges of products and renovation of very high- of medical practitioners. services designed to address end structures, the PLENDI Its remit is to study and discuss Increasing focus environmental issues: by VINCI Construction the major issues facing the on environmental issues Equo Vivo, specialising brand was set up to focus medical profession going Another major issue, in environmental engineering; exclusively on exceptional forward. Input from the Council the environment, involves ActivSkeen, based on building- projects. Similarly, in the will enable VINCI Construction property sector, Novelige to put together the most the fight against global integrated photovoltaics (BIPV); appropriate solutions to address warming, the effort to Remea, focusing on soil handles all building these issues and export decarbonise our economies remediation; Urbalia, working construction projects. French expertise. In an exceptional project, the five-star Mandarin Oriental Hyde Park Hotel in London underwent major occupied site renovation works carried out under the PLENDI by VINCI Construction brand. 19
ATTENTIVE TO CIVIL SOCIETY Like the VINCI Group as a whole, VINCI Construction engages with the community at large. Our CSR and civic engagement, a vital part of our design-build activity, is reflected in the action we take to benefit underprivileged communities. In its first project in Equatorial Guinea, ISSA supported the construction of a soap production unit. Continuing our civic engagement W e are experiencing difficulty with auspices of Sogea-Satom, carried out by women. Another engaged social or work integration. supports the economic and feature of the programme in a variety We also work with and social development of local is its long-term approach. of civic through the SolidariTerr’ regions and communities in Over a period of 10 years, activities. co-solidarity system set Africa. It does this in two ways – more than 200 projects have First, we work with and up by VINCI Construction providing financial support received support in 21 countries, through the Fondation Terrassement in 2016, for micro-economic, healthcare over 200 sponsors have been d’Entreprise VINCI pour which encourages employees and education projects; and involved and €3.6 million have la Cité (VINCI foundation to support a local civic supporting skills sponsorships been provided in funding, for the community). organisation working that enable its employees an average of €15,000 per In 2018, for example, the on education, employment, to be personally involved project. In 2018, the programme VINCI Group’s worldwide the environment or mobility in meaningful volunteer work. continued to expand, with a first network of 12 foundations for people living in social The goal of the programme project supported in Equatorial supported 427 projects exclusion in the areas where is to foster the economic, Guinea involving a cold sponsored by 697 employees. the company is working. social, educational, nutritional saponified soap production Of that number, 84 projects The goal is to enroll and energy autonomy unit to make a product that were sponsored by 138 VINCI 10% of employees in the of local communities. better meets the expectations Construction employees and programme. Lastly, ISSA The ISSA programme works of local consumers. focused on finding long-term (Sogea-Satom initiatives for in a wide variety of fields with solutions for people Africa), set up in 2007 under special attention to projects 20 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
ATTENTIVE TO CIVIL SOCIETY LIVA, a social joint venture focused on worksite logistics Fostering long-term employment V LIVA was set up in April 2018 INCI Insertion innovative solutions This programme applies to provide logistics services for Emploi (ViE) to help Group entities across France as a whole. building projects while meeting the integration requirements is an integrated manage integration clauses Examples in southern France included in a large number social enterprise and optimise their impact. include the CAP3000 project of contracts. set up by VINCI This serves a dual purpose: in Saint Laurent du Var, Set up at the initiative in France in 2011. The structure it enables Group entities and in the Paris region of the Fondation d’Entreprise provides practical support for to make strong social the Grand Paris Express VINCI pour la Cité, LIVA, a social Group entities, including those commitments by integrating programme, for which VINCI joint venture held by the ARES within VINCI Construction, vulnerable people; and Construction has earmarked integration group, the majority to help them meet their it supports the long-term between 7% and 10% of all shareholder with 51% of the social requirements and unemployed by providing hours worked to integration share capital, and VINCI Construction France, also strives obligations with respect consistent, skills-oriented of the long-term unemployed, to foster access to employment to work integration, disability training to help them continue while the customer, Société by offering stable jobs and solidarity purchasing. in their job following project du Grand Paris, requires and personalised support ViE does this by devising completion. only 5%. to people in difficulty. The goal is also to professionalise worksite logistics jobs and innovate by creating a comprehensive logistics solution based 137 735,000 1,993 on digital technology and offsite logistics management. projects supported in France hours of work integration people supported In pursuit of its three goals - social inclusion, co-construction of access to employment and professionalisation of worksite logistics - LIVA will employ about 50 people in integration jobs by the end of 2019. Supported by the VINCI Construction France and ViE teams, Saad Abderrezag was hired by Dumez Côte d’Azur under permanent contract in July 2018 after completing the “Parcours Maçons” bricklayer training programme at the CESAME Plan de Campagne training centre in Les Pennes Mirabeau. Currently he is working on Phase 2 of the CAP3000 shopping centre in Saint Laurent du Var, France. 21
ATTENTIVE TO THE PLANET To help tackle the intensifying climate challenge, VINCI Construction has made green growth one of its goals. Like the VINCI Group as a whole, it has adopted a three-pronged approach focused on energy and CO2, the circular economy, and water and biodiversity, and made progress in all three areas. Combatting global warming I n its commitment is expected to encourage to the energy transition the development of energy- as a design-build company, positive buildings, which VINCI Construction will help make city blocks strives to reduce the or entire neighbourhoods environmental impact of its energy self-sufficient. buildings without curtailing ActivSkeen, which has acquired the comfort of the people European specialist Ertex Solar, who live and work in them. is now positioned as a leading It created its ActivSkeen BIPV provider. brand with this goal in mind. The brand covers rollout Developing of building-integrated climate resilience photovoltaics (BIPV) and The creation of Resallience implementation of dynamic is a further significant step glazing solutions - two moves forward in tackling the that will ultimately transform climate challenge. Resallience In 2018 Equo Vivo carried out the hydromorphological restoration the building envelope. Going is a design and engineering of the Glandon riverbed in France to diversify flow, improve water forward, this programme office working on the quality and restore biodiversity in the river and its surroundings. vulnerability of regions and buildings to environmental change and climate events. It supports contracting VINCI Construction The latest innovations authorities by developing has made wood a fully-fledged developed by VINCI climate resilience solutions building solution. Combined Construction, such as very aimed at adapting projects with concrete and steel, low-carbon concrete, and infrastructure and their wood is both a promising have made substantial use to climate change realities. material based on its progress in reducing their intrinsic properties environmental impact. Wood and concrete, and an advantageous way All these new materials materials for the future to decarbonise construction. gradually coming into use With Arbonis, our Also noteworthy is the fact are a concrete demonstration subsidiary specialising that concretes are changing of our commitment in wood construction, and are now shown in the plural. to addressing climate issues. 22 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
ATTENTIVE TO THE PLANET Equo Vivo showcases environmental engineering Lending momentum to the circular economy The Equo Vivo range of environmental engineering R solutions and services was launched in September 2017. ecycling waste and re-use of materials in It focuses exclusively from building its projects – took the circular on protecting and restoring construction economy to a new level with biodiversity, designing and and organising the creation of Waste building environmental circular economy Marketplace. The digital facilities, and maintaining models are important goals. solution was developed ecological continuity. VINCI Construction, already at Leonard as an intrapreneur In 2018, Equo Vivo won about 40 projects across France, involved in the circular economy programme. It organises, and it its expansion is expected via targeted activities – expedites and facilitates to continue in 2019. introduction of alternative waste management. modes of transport to replace The application combines road haulage in worksite rubble traceability, safety and removal where possible; economy. It uses an algorithm Urbalia gives urban waste-to-energy processing to order waste removal biodiversity pride of plant waste; reduction to the destination that can of place in waste production; recycle it at lowest cost. optimisation of water and The solution was introduced Urbalia, founded at the end energy consumption; on 43 worksites in 2018. of 2017 as a startup focused on the inclusion of biodiversity and urban agriculture in development projects, supports project developers “VINCI CONSTRUCTION HAS MADE wishing to help conserve and restore nature in cities. A PRACTICAL, LONG-TERM COMMITMENT Its solutions – vegetation TO THE ENERGY TRANSITION WITH plantings, reduction of urban heat islands, alternative A STRONG FOCUS ON RESILIENCE.” rainwater runoff management, integration of urban agriculture solutions - combine biodiversity protection, useful production and expanded urban resilience. Waste Marketplace is an innovative digital waste removal solution. 23
ATTENTIVE TO OUR EMPLOYEES With our “zero serious accident” safety policy and our human resources policy geared to talent development and job satisfaction, we strive to create a workplace environment that fosters efficiency and employee wellbeing. V INCI Construction major risks inherent in each in three major sections. continues of our activities so as to avoid First: awareness of organisational to pursue serious accidents. To help and human factors to support its objective achieve this goal, the major inclusion of worksite organisation of becoming the “Managing with Safety Focus” and human factors in health undisputed benchmark in safety. training programme was and safety management. introduced, in two stages: Second: dissemination of the 10,612 Accentuating the safety culture first for about 400 top managers, and subsequently for the “Productive and Safe” scheme to be applied on all worksites. people hired in 2018 For several years we have operational teams within Third: introduction of a root been putting the quest for each VINCI Construction entity. cause analysis programme safety excellence into practice Three years from now, nearly to determine the causes over 9,000 and aiming for “zero serious accidents” by developing 9,000 managers will have received the training. This of accidents or potentially serious events, understand managers will have received “Managing with Safety Focus” a strong safety culture at all training, which combines why an accident occurred training three years from now levels of the company. The information modules with and take remedial action current priority is to identify a teaching method, is structured to prevent its recurrence. 24 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
ATTENTIVE TO OUR EMPLOYEES All VINCI Construction entities share a common safety culture. “Productive and Safe” makes safety an integral part of all worksites at all stages of the project. VINCI Construction is doing CAP for Engineering for engineers its capacity and efficiency. VINCI Construction stresses its utmost to instil the safety and CAP for Management for The “Works Management” agility and positions itself culture in day-to-day operations the company’s top managers. training course was specifically as a learning company. and over the long haul. The goal In 2018 VINCI Construction updated and rolled out for This goal is reflected in our is to protect everyone involved continued to work on the this group. proactive training policy in our projects and boost professional development and our high-quality range our overall performance. of each of these groups with Becoming of training programmes the goal of sharing the company’s a learning company available to all employees Providing approach, methods and culture In a world undergoing a wide in France and abroad. long-term talent support and beyond that increasing variety of transformations, To become the undisputed benchmark in construction, we also need an ambitious human resources policy geared to developing talent, encouraging professional mobility and providing training. With CAP for Talents, VINCI Construction has taken a series of initiatives designed to train and promote employees and to foster their mobility. CAP for Talents is dedicated to enhancing jobs and building attractive career paths. It comprises exchange and training programmes to support the company’s three major operational segments: CAP for Projects for project directors, 25
ATTENTIVE TO OUR EMPLOYEES PROGRESS IN FOUR AREAS, TO BENEFIT OUR EMPLOYEES Our corporate culture builds on entrepreneurship, the concept of excellence and determination to make progress. A number of initiatives that put these goals into practice are described below. A different approach to safety awareness A number of entities manager an understanding have taken innovative of the difficulties that initiatives to improve workers may encounter the safety of their teams. in following the prescribed For example, VINCI procedures in the field. Construction France VINCI Construction has developed a manager Grands Projets for its part training programme set up accident analysis focused on organisational and investigation training and human factors. with the goal of helping The training simulates the teams carry out a task ordinarily performed in-depth investigations by workers to give the of major accidents. 6th International Safety Week International Safety into practice and roll Week is a highlight them out in the field. of the safety awareness The event was and support programme an opportunity for at VINCI Construction. widespread discussions The eighth edition, between teams from held in October 2018, different entities and was focused on different countries. “Productive and Safe”. Once again, it enabled Each worksite was asked employees to share to think about ways to put tools, initiatives and the programme’s five steps best practices to emulate. 26 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
ATTENTIVE TO OUR EMPLOYEES The Trail, a resounding success In 2018, VINCI Construction together 56 brilliant organised “The Trail finalists who subsequently by VINCI Construction” took part in a sports event to reach out to young on the banks of Lake graduates. The international Annecy. Following the competition drew some competition, which was 1,200 students from won by a team of students around the world, who from INSA Lyon, the were asked to think about company, which was the construction sector pleased with the image of the future and who and attractiveness fallout submitted outstanding from the event, decided projects. The finals, to repeat the challenge held at Leonard, the at the start of the next VINCI Group’s insight, school year. Many foresight and innovation applicants were recruited platform, brought following the competition. An action plan to promote diversity Continuing the OPEN by VINCI Construction programme initiated in 2018 to increase the proportion of women employees, we will be launching our gender equality plan in 2019. The goal of the plan is to attract and retain more women at all levels of the company. It pays special attention to targeted action in partner schools and to making a coaching programme available to future women directors to pave the way for their taking on responsibility in top operational management positions. 27
WORKING WITH YOU TO BUILD A STORY WITHOUT BORDERS VINCI Construction’s outstanding projects around the world included buildings and infrastructure designed and built in 2018 that suitably addressed the major issues facing our society – global warming, population growth, burgeoning urbanisation and increasing demand for mobility. The Trans-Adriatic Pipeline project, which will bring natural gas from Azerbaijan to Italy to supply Europe with natural gas starting in 2020, continues apace. Spiecapag (a subsidiary of Entrepose) and Bessac (a subsidiary of Soletanche Bachy) are working 1,820 on the project, which is complex due to steep slopes and difficult geology, and on which they metres are responsible for three onshore pipeline works packages in Greece and Albania. The HDI (Entrepose Group) 150,000 teams set a new world record in early 2018 with the “single shot” directional drilling As part of its commitment to help conserve of a 1,820 metre long biodiversity, Spiecapag introduced 150,000 plants 48-inch pipeline under of varying species supplied by local nurseries. the Axios River in Greece. The operation, combined with erosion control Overall project handover and a hydroseeding system, revegetated the pipeline is set for mid-2020. alignments. 28 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
Tackling the major global challenges 30 — 31 France: major infrastructure projects 32 — 38 Focus HOUSING — 39 Overseas France: outstanding development projects 40 — 41 Europe: a buoyant market 42 — 44 Focus THE CITY BELOW THE CITY — 45 Africa: economically and socially useful projects 46 — 48 Focus WATER CYCLE — 49 Oceania: new frontiers 50 — 51 Asia: the age of major projects 52 — 54 Middle East: a source of opportunities 55 — 57 Central & South America: a high-growth area 58 — 62 Focus MARINE INFRASTRUCTURE — 61 North America: a growing continental market — 63 Focus CLEAN ENERGY — 64 29
SUMMARY 10 Transport infrastructure Urbanisation and expanding for road and metro tunnels to extend underground billion inhabitants by 2050 mobility combine to drive very transport networks. Along strong demand for transport with new ways to move infrastructure around the of people and goods, increasing 50% world. With the growth attention is being paid to major increase of increasingly dense urban areas, VINCI Construction crossings, a market in which VINCI Construction is also in water demand between now and 2050 has begun working on the positioning itself. city’s “groundscape”. The point is to use the city’s Water cycle underground and bring Water infrastructure is also it to life in order to decongest an increasing focus of attention. city centres, limit travel and In a world in which 750 million create a more sustainable people still have no access T living environment. This has to safe water and in which he world sector for VINCI Construction. resulted in strong demand water demand is set to increase of the future will With growing urbanisation, be warmer and cultural and sports facilities more densely are being provided for city- populated, urban, dwellers and increasingly mobile and uncertain. These complex urban facilities such major changes entail new as stadiums, museums and challenges, which VINCI educational establishments Construction strives to tackle are being built. They meet within its field of expertise. increasingly diverse patterns of urban life and help boost Buoyant markets the attractiveness of cities. With population growth and VINCI Construction is helping changes in society, notably to build them in France and the number of single-parent abroad. Our iconic projects families and widespread such as the Louis Vuitton mobility, housing needs Foundation building designed are steadily increasing. by Frank Gehry in Paris and In 2050, there will be nearly the Cité du Vin in Bordeaux 10 billion people in the world, boost the economies of the with two-thirds of the world areas that host them. They population living in urban areas. also make the city a more VINCI Construction won the first civil engineering works package Housing remains a buoyant pleasant place in which to live. on the Line 14 South extension that will connect Paris with Orly Airport. TACKLING THE MAJOR GLOBAL CHALLENGES VINCI Construction’s growth momentum continued in 2018 in virtually all our markets. With more than 30,000 projects of all types, we are able to increasingly make the most of our design-build positioning to tackle the major changes taking place throughout the world in our eight in our eight business areas. 30 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
SUMMARY “WITHIN ITS FIELD OF EXPERTISE, VINCI CONSTRUCTION STRIVES TO HELP ADDRESS THE MAJOR ISSUES FACING TODAY’S WORLD.” by 50% between now and 2050, as France and New Zealand to 21st century. They are one in the ITER programme water projects are continuing combat water stress, improve way to meet increasing in Cadarache, which is aimed to expand. VINCI Construction water networks and treat worldwide energy demand at demonstrating the scientific builds on more than 100 years and discharge wastewater. and drive the energy transition, and technical feasibility of experience to help provide which requires a reduction of fusion energy by reproducing access to safe water and Climate resilience in dependence on fossil the reaction that fuels the stars. sanitation. A variety of projects To address the climate energy and the introduction If the programme succeeds, have been carried out in challenge, renewable of an energy mix that fusion could provide the world recent years in Africa, Asia and nuclear energies are generates less CO2. population with an inexhaustible and mature economies such set to expand during the VINCI Construction was involved source of energy. Construction of the experimental ITER nuclear fusion reactor, one of the world’s largest nuclear research programmes. VINCI Construction leads a consortium working on the project. 31
FRANCE: MAJOR INFRASTRUCTURE PROJECTS MARSEILLE A colourful tower THE PROJECT IN A NUTSHELL The 135-metre Marseillaise high-rise building, the first Quais d’Arenc office tower, was inaugurated in October 2018. It comprises 35,000 square metres of office space on 31 levels. It also contains shops on the ground level, a shared company cafeteria, a concierge desk, a day-care centre, a fitness centre and an underground car park. STANDOUT FEATURES The Marseillaise tower, part of Europe’s largest urban renewal programme, built in a narrow site, was a feat of engineering. The air- and watertight facade is made of ultra-high performance fibre-reinforced concrete (UHPFRC) elements. It also boasts compliance with top energy performance standards. KEY PARTICIPANTS GTM Sud and Travaux du Midi, with Botte Fondations (VINCI Construction France). 32 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
FRANCE AUBERVILLIERS Building a city “within the city” THE PROJECT IN A NUTSHELL As a future university humanities and social sciences hub, the Condorcet Campus buildings, with a total floor area of 64,600 square metres, will house the National Demographics Institute, research and training facilities, a symposium centre, a residence for guest researchers, a project hotel, a university canteen, campus support facilities and 451 student housing units. STANDOUT FEATURES To improve the project’s biodiversity potential and meet sustainable city goals, VINCI Construction is using the innovative Biodi(V)strict® solution on the project. The diagnostic tool developed via the ParisTech-VINCI Chair and now fully integrated in the Urbalia startup includes environmental objectives in a design-build programme. KEY PARTICIPANTS Adim Paris Île-de-France, Bateg and Sicra Île-de-France (VINCI Construction France). STANDOUT FEATURES Because the site lies directly adjacent to a residential area, GARD DEPARTMENT the project took special steps to protect it. These included Ongoing major confining earthworks within remediation a temporary building, project constantly watering roadways and worksite areas, THE PROJECT IN A NUTSHELL covering over excavated earth to avoid pollution, As part of the rehabilitation and removing and disposing of an industrial brownfield of 27,000 cu. metres of site previously used polluted soil following to manufacture pesticides, on-site analysis. REMEA teams have been conducting a major soil and KEY PARTICIPANT water remediation project since the spring of 2018. REMEA (Soletanche Freyssinet). 33
FRANCE LYON Successful transformation of a benchmark hospital complex THE PROJECT IN A NUTSHELL Citinéa handed over the Groupement Sanitaire de l’Ouest Lyonnais hospital complex to the French Red Cross in September 2018 following more than two years of works. The complex now brings three of the customer’s Lyon facilities together at a single site: a geriatric hospital, a short-term care and rehabilitation unit and a post-operative rehabilitation centre. STANDOUT FEATURES The design-build project involving a combination of occupied site refurbishment and new-build extension works was particularly complex since the new building was to be incorporated in the existing hospital, which was itself undergoing renovation. Patients were moved from one part of the structure to another during the work. KEY PARTICIPANT Citinéa (VINCI Construction France). STRASBOURG STANDOUT FEATURES Start of work On the COS project, which got on the western under way in September 2018, bypass VINCI Construction is responsible for design THE PROJECT IN A NUTSHELL build construction on behalf of the concession company, The Strasbourg western Arcos (VINCI Autoroutes). bypass (COS) project covers The project covers a dual construction of a 24 km section two-lane carriageway designed to decongest the and some 50 engineering A35 motorway and provide structures. Handover is set continuity of the north-south for 2021. motorway artery in Alsace. The new section added KEY PARTICIPANTS to the existing road network, which is essentially a star- Dodin Campenon Bernard; shaped network around the VINCI Construction city, will boost traffic safety Terrassement; and enhance the attractiveness GTM Hallé and Sogea Est of the region. (VINCI Construction France). 34 VINCI CONSTRUCTION - ACTIVITY REPORT 2018
FRANCE PARIS A new metro line to interconnect the region THE PROJECT IN A NUTSHELL As part of the Grand Paris Express programme, more than 200 km of new metro lines and 68 new stations will be built and interconnected with the existing transport network. The programme will overhaul mobility in the Greater Paris region in coming years. VINCI Construction, which is taking part in the huge infrastructure programme, won, among other contracts, the T3C works package on Line 15 South between Fort d’Issy-Vanves-Clamart and Villejuif-Louis Aragon. STANDOUT FEATURES With more than five stations to be built and eight tunnels to be bored within a densely- populated urban area, the VINCI Construction entities working within a joint venture are making the most of their deep underground works and major project management expertise. A vertical tunnel boring machine, which is particularly well-suited to this type of context, was used for the first time in France. The innovative machine, developed by Herrenknecht, can bore a vertical shaft and install arch segments to support it without requiring any personnel inside the structure, and thus ensure complete safety. KEY PARTICIPANTS VINCI Construction Grands Projets; Dodin Campenon Bernard; VINCI Construction France; Botte Fondations. 35
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