Nanterre, 26 March 2026 VINCI signs an agreement with Macquarie Asset Management for the acquisition of nine highway concessions in India Acquisition of the Safeway Concessions portfolio: 9 toll highways representing nearly 700 km on key axes of the Indian networkVINCI Highways takes position in a major high-growth global economySignificant potential for value creation Financial closing expected by the end of 2026 VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement with Macquarie As ...

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Nanterre, 18 March 2026 VINCI wins the construction of river infrastructure in France Two new lock gates to be built to secure river traffic on the RhôneSynergies between VINCI Construction and VINCI Energies€68 million contract The Compagnie Nationale du Rhône has awarded the contract to add a second set of downstream gates at the Bollène and Châteauneuf-du-Rhône locks (both in south-east France) to a consortium1 led by VINCI Construction and including VINCI Energies. The €68 million project will begin in ...

Core Insights - VINCI Autoroutes experienced a decline in light vehicle traffic by 1.2% in February 2026 compared to February 2025, while heavy vehicle traffic increased by 1.1% [2][4] - VINCI Airports reported an overall increase in passenger traffic by 1.6% in February 2026 compared to February 2025, following a 1% increase in January [5][6] VINCI Autoroutes Traffic Summary - Total traffic for VINCI Autoroutes decreased by 0.8% in February 2026 and 1.4% year-to-date at the end of February compared to the same period in 2025 [2][4] - The decline in light vehicle traffic is attributed to the different timing of school holidays and adverse weather conditions, which was partially offset by an increase in heavy vehicle traffic [4] VINCI Airports Traffic Summary - Passenger traffic at VINCI Airports increased by 1.6% in February 2026 and 1.4% year-to-date at the end of February compared to the same period in 2025 [5][6] - Specific regional performances include: - Portugal (ANA) +3.4% in February and +3.7% year-to-date - United Kingdom -1.8% in February and -1.4% year-to-date - France -1.4% in February and -1.4% year-to-date - Serbia +9.4% in February and +7.9% year-to-date - Brazil +12% in February and +11% year-to-date [5][7]

Core Insights - The 2025 Universal Registration Document of VINCI is now available in English on the Group's website [2] - VINCI is a global leader in concessions, energy solutions, and construction, employing 294,000 people across more than 120 countries [3] - The company focuses on designing, financing, building, and operating infrastructure and facilities to enhance daily life and mobility [3] - VINCI is committed to environmental and social responsibility, aiming to create long-term value for all stakeholders [3]

Core Insights - Intuitive Surgical (ISRG) is reinforcing its leadership in robotic-assisted surgery, driven by strong procedure growth, global adoption, and the rollout of next-generation platforms [1][22] Financial Performance - In 2025, Intuitive Surgical reported a revenue increase of 21% to $10.1 billion, with procedures rising 19% year over year [1][10] - Pro forma EPS increased by more than 20% for the third consecutive year in 2025 [12] Procedure Growth - The adoption of da Vinci robotic systems is accelerating, with over 3.1 million patients treated in 2025 and more than 20 million procedures performed since inception [2][10] - Da Vinci procedures grew approximately 18%, while the Ion lung biopsy platform saw a 51% increase in procedures [4][10] - The SP platform recorded an impressive 87% growth in procedures in 2025 [8][10] Geographic Expansion - International da Vinci procedures increased by 23%, now accounting for roughly 35% of global procedures, indicating expanding adoption outside the United States [5][10] Technological Advancements - The launch of the da Vinci 5 system is a significant catalyst, with strong customer interest and higher utilization rates compared to previous generations [6][10] - The da Vinci 5 system integrates digital capabilities such as simulation and performance analytics, enhancing surgeon outcomes [7][10] Ecosystem Development - Intuitive Surgical is expanding its surgical ecosystem beyond da Vinci systems, with the Ion system gaining traction in lung cancer diagnostics and a global installed base nearing 1,000 systems [8][9] Market Position and Valuation - ISRG trades at a forward P/E of 47.08X, significantly higher than the industry average of 26.18X, reflecting its dominant market position and high operating margins of around 37% [15][16] Growth Estimates - Earnings estimates for 2026 have increased by 7.4% to $10.06 per share, while 2027 estimates improved by 5.6% to $11.41 [10]

Core Viewpoint - VINCI has filed its 2025 Universal Registration Document with the French financial markets regulator, the Autorité des marchés financiers (AMF), making it available for stakeholders [2]. Group 1: Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 294,000 people across more than 120 countries [3]. - The company focuses on designing, financing, building, and operating infrastructure and facilities that enhance daily life and mobility [3]. - VINCI is committed to environmentally and socially responsible operations, aiming to create long-term value for customers, shareholders, employees, partners, and society [3].

Governance Changes at VINCI - Patrick Richard has been appointed as Secretary General of VINCI effective from 1 March 2026, while continuing as a member of the Executive Committee and Secretary to the Board of Directors [3] - Sophie Deis-Beauquesne has been appointed as General Counsel of VINCI and joins the Executive Committee, reporting to Patrick Richard [3] - Céline Acharian has been appointed as Director of Ethics and Conduct of VINCI and also joins the Executive Committee, reporting to Patrick Richard [5] Background of New Appointments - Sophie Deis-Beauquesne holds a doctor of laws degree and has nearly 10 years of legal practice experience in Paris and Hong Kong. She joined VINCI in 2011 and has held various legal roles, becoming General Counsel in April 2024 [4] - Céline Acharian is a graduate of the École Normale Supérieure and has held significant positions in communications and public affairs, including roles at Inria and the French Nuclear Safety Authority. She joined VINCI in September 2022 [6] Company Overview - VINCI is a world leader in concessions, energy solutions, and construction, employing 294,000 people across more than 120 countries. The company focuses on designing, financing, building, and operating infrastructure to improve daily life and mobility [7][8]

春节假期就要结束了。 此刻的我们，情绪大抵是相似的。一边家人围坐的暖意还在心头萦绕，一边马上启程的伤感已然翻涌；一边贪恋 着假期里的放松，一边又要面对新的挑战。 好好和假期告别，好好给自己一份鼓励。那就愿我们，带着温柔与力量，重新出发。 好好出发，是把牵挂装进行囊 这个春节，我们卸下职场人的铠甲，做回父母身边的孩子，可返程的时刻终究会来。父母早早起身，把腊肉、土 鸡蛋和儿时喜爱的土特产一一塞进行李箱，嘴里反复念叨着"到了报平安""工作别太累""照顾好自己"，那些重复 了千百遍的叮嘱，没有华丽的声调，却是最暖心的回响。 人们常说，奔赴远方是为了更好的生活，实际上，我们奔赴的每一步，都离不开家的祝福与支持，它们是行囊里 最重的分量。好好出发，就是要记住这份牵挂，不去害怕前路的风雨，因为身后总有一盏灯，为你执着地亮着。 好好出发，是接纳真实的情绪 我们总说"开工大吉"，可只有自己知道，祝福背后，其实是很多不舍与纠结，那些"身体已就位，心情还在放 假"的小小"时差"，需要一点耐心来调整。毕竟，春天也是慢慢暖起来的。 不必硬撑着立刻满血复活，也别因为状态不好就责怪自己。允许情绪慢慢回落，允许身体渐渐适应。从小任务开 始 ...

Core Viewpoint - VINCI has entered into exclusive negotiations with the French government for the concession of the A154 and A120 motorway link, which will enhance connectivity and traffic flow in the region [1][6]. Group 1: Project Overview - The project involves the development of a new 97 km motorway system in Eure-et-Loir, completing the Rouen–Orléans corridor [1]. - The new motorway will allow traffic to bypass the Greater Paris area to the west, improving connections with the Major Seine Axis River and Seaport [1][2]. - Once completed, the motorway will provide a seamless and fast route, improving road safety and reducing pollution and congestion in urban areas [2]. Group 2: Economic and Environmental Impact - The new motorways will enhance connections with the ports of Rouen and Le Havre, benefiting the local economy, particularly the agricultural sector in the Centre-Val de Loire region [2]. - The project will involve building 69 km of new motorway sections and modernizing 28 km of existing sections on the RN154 national highway [3]. - Environmental performance is a central focus throughout the project, with VINCI committed to low-carbon and shared mobility solutions [3]. Group 3: Concession Agreement Details - The concession agreement will last for 35 years, with VINCI Autoroutes managing the program, financing, and operation, while VINCI Construction will handle design and construction [3]. - The signing of the concession agreement is expected in autumn 2026, pending approval from relevant authorities [4][6].