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Vinci(VCISY) - 2019 Q4 - Earnings Call Presentation
VinciVinci(US:VCISY)2020-02-05 18:33

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]