VINCI SA (OTCPK:VCISF) Q2 2020 Earnings Conference Call July 31, 2020 4:30 AM ET Company Participants Xavier Huillard - Chairman & CEO Christian Labeyrie - CFO & EVP Nicolas Notebaert - CEO, VINCI Concessions Conference Call Participants Operator Xavier Huillard Thanks for joining for this audio conference. You probably found on our website the presentation that will serve as background material to what we have to say. We are here at the head office in Rueil-Malmaison. I am joined by major chief executives ...

2020 first half results 31 July 2020 HS2 (United Kingdom) Disclaimer This presentation may contain forward-looking objectives and statements about VINCI's financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent upon significant risk and uncertainty factors that may prove to be inexact. The information is valid only at the time of writing and VINCI does not assume any obligation to update or revise the obj ...

Financial Highlights - Group revenue reached €48053 million, a 104% increase compared to FY 2018[21] - EBITDA increased by 232% to €8497 million, including a €575 million impact from IFRS 16 adoption[21] - Net income attributable to owners of the parent increased by 93% to €3260 million[21] - Free cash flow increased by €1022 million to €4201 million compared to FY 2018[21] - A dividend of €305 per share is proposed for 2019[20] Revenue Breakdown - 45% of 2019 revenue was generated outside France, compared to 43% in 2018[23] - Revenue in France increased by 62% to €26307 million[52] - International revenue increased by 160% to €21746 million[52] - Concessions revenue increased by 177% to €8544 million[49] - Contracting revenue increased by 87% to €38884 million[49] Operational Performance - Motorway traffic at VINCI Autoroutes grew by 28%[20] - Passenger numbers at VINCI Airports increased by 57%[20] - VINCI Energies revenue grew by 91% (+50% like-for-like), with order intake of €142 billion (+4%)[43] - Eurovia revenue grew by 143% (+62% like-for-like), with order intake of €110 billion (+13%)[44] - VINCI Construction revenue grew by 49% (+43% like-for-like), with order intake of €165 billion (+9%)[45] Debt and Liquidity - Net financial debt increased by €61 billion since December 31, 2018, including a €73 billion impact from the London Gatwick (LGW) acquisition[21, 60] - The Group maintains a high level of liquidity, with €68 billion net cash managed as of December 31, 2019[69] - The Group has an €83 billion unused bank facility[69]