Financials VINCI

Equities

Market Closed - Euronext Paris Other stock markets 11:39:39 2024-12-13 am EST			5-day change	1st Jan Change
101.20 ^EUR	+0.45%		+0.10%	-10.99%

Dec. 12	VINCI : RBC reiterates its Buy rating	ZD
Dec. 06	North Queensland Airports Sale Process Reportedly Extends into New Year	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	48,053	43,234	49,396	61,675	68,838	71,376	73,956	75,940
Change	-	-10.03%	14.25%	24.86%	11.61%	3.69%	3.61%	2.68%
EBITDA ¹	8,497	5,919	7,884	10,215	11,964	12,582	13,242	13,725
Change	-	-30.34%	33.2%	29.57%	17.12%	5.16%	5.25%	3.65%
EBIT ¹	5,734	2,859	4,723	6,824	8,357	8,760	9,310	9,722
Change	-	-50.14%	65.2%	44.48%	22.46%	4.83%	6.27%	4.43%
Interest Paid ¹	-622	-636	-618	-614	-894	-1,177	-1,144	-1,040
Earnings before Tax (EBT) ¹	5,042	1,823	3,820	6,154	7,019	7,376	7,982	8,494
Change	-	-63.84%	109.54%	61.1%	14.06%	5.08%	8.22%	6.42%
Net income ¹	3,260	1,242	2,597	4,259	4,702	4,585	5,099	5,511
Change	-	-61.9%	109.1%	64%	10.4%	-2.48%	11.21%	8.09%
Announcement Date	2/5/20	2/5/21	2/4/22	2/9/23	2/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Net sales ¹	13,128	13,196	9,693	8,800	12,286	12,455	10,178	12,429	13,238	13,551	12,847	15,670	16,703	16,455	15,002	17,363	18,272	18,201	15,725	18,050	18,529
Change	-	0.52%	-26.55%	-9.21%	39.61%	1.38%	-18.28%	22.12%	6.51%	2.36%	-5.2%	21.97%	6.59%	-1.48%	-8.83%	15.74%	5.24%	-0.39%	-13.6%	14.79%	2.65%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/24/19	2/5/20	4/23/20	7/31/20	10/20/20	2/5/21	4/22/21	7/30/21	10/19/21	2/4/22	4/21/22	7/29/22	10/25/22	2/9/23	4/25/23	7/28/23	10/26/23	2/7/24	4/25/24	7/25/24	10/24/24

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	18,493	24,741	22,607	26,789	28,517	33,158	32,365	36,473	33,775	37,168	34,290	37,430
Change	-	33.79%	-8.63%	18.5%	6.45%	16.27%	-2.39%	12.69%	-7.4%	10.05%	-7.74%	9.15%
EBITDA ¹	1,803	-	-	4,752	4,526	5,689	5,309	6,655	5,673	6,756	-	-
Change	-	-100%	-	-	-4.76%	25.7%	-6.68%	25.35%	-14.76%	19.09%	-100%	-
EBIT ¹	267	2,592	1,598	3,125	2,890	3,934	3,393	4,964	3,712	4,879	-	-
Change	-	870.79%	-38.35%	95.56%	-7.52%	36.12%	-13.75%	46.3%	-25.22%	31.44%	-100%	-
Charge d'intérêts	-312	-324	-319	-299	-265	-349	-340	-554	-554	-	-	-
Earnings before Tax (EBT) ¹	-312	-	1,165	2,655	-	-	3,053	3,966	3,041	4,218	-	-
Change	-	-100%	-	127.9%	-100%	-	-	29.91%	-23.32%	38.7%	-100%	-
Net income ¹	-294	-	682	1,915	1,900	2,359	2,089	2,613	1,995	2,721	-	-
Change	-	-100%	-	180.79%	-0.78%	24.16%	-11.45%	25.08%	-23.65%	36.39%	-100%	-
Announcement Date	7/31/20	2/5/21	7/30/21	2/4/22	7/29/22	2/9/23	7/28/23	2/7/24	7/25/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	21,654	17,989	19,266	18,536	16,126	19,278	17,661	15,483
Change	-	-16.93%	7.1%	-3.79%	-13%	19.55%	-8.39%	-12.33%
Announcement Date	2/5/20	2/5/21	2/4/22	2/9/23	2/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,314	2,079	1,892	3,292	3,140	3,719	3,847	3,942
Change	-	-10.16%	-8.99%	74%	-4.62%	18.44%	3.44%	2.48%
Free Cash Flow (FCF) ¹	4,201	3,990	5,282	4,146	6,628	4,553	4,845	5,488
Change	-	-5.02%	32.38%	-21.51%	59.86%	-31.31%	6.42%	13.25%
Announcement Date	2/5/20	2/5/21	2/4/22	2/9/23	2/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	17.68%	13.69%	15.96%	16.56%	17.38%	17.63%	17.91%	18.07%
EBIT Margin (%)	11.93%	6.61%	9.56%	11.06%	12.14%	12.27%	12.59%	12.8%
EBT Margin (%)	10.49%	4.22%	7.73%	9.98%	10.2%	10.33%	10.79%	11.19%
Net margin (%)	6.78%	2.87%	5.26%	6.91%	6.83%	6.42%	6.89%	7.26%
FCF margin (%)	8.74%	9.23%	10.69%	6.72%	9.63%	6.38%	6.55%	7.23%
FCF / Net Income (%)	128.87%	321.26%	203.39%	97.35%	140.96%	99.3%	95.03%	99.57%
Profitability
ROA	3.95%	1.97%	2.72%	4%	4.08%	4.39%	4.84%	5.14%
ROE	16.46%	6.01%	11.83%	17.45%	17.4%	15.93%	16.35%	16.35%
Financial Health
Leverage (Debt/EBITDA)	2.55x	3.04x	2.44x	1.81x	1.35x	1.53x	1.33x	1.13x
Debt / Free cash flow	5.15x	4.51x	3.65x	4.47x	2.43x	4.23x	3.64x	2.82x
Capital Intensity
CAPEX / Current Assets (%)	4.82%	4.81%	3.83%	5.34%	4.56%	5.21%	5.2%	5.19%
CAPEX / EBITDA (%)	27.23%	35.12%	24%	32.23%	26.25%	29.56%	29.05%	28.72%
CAPEX / FCF (%)	55.08%	52.11%	35.82%	79.4%	47.37%	81.68%	79.39%	71.84%
Items per share
Cash flow per share ¹	12.66	11.82	13.56	16.45	13.5	14.56	15.11	16.6
Change	-	-6.59%	14.65%	21.38%	-17.97%	7.85%	3.79%	9.85%
Dividend per Share ¹	3.05	2.04	2.9	4	4.5	4.519	4.97	5.405
Change	-	-33.11%	42.16%	37.93%	12.5%	0.42%	9.98%	8.74%
Book Value Per Share ¹	36.84	37.12	38.98	45.47	49.48	53.75	58.55	63.39
Change	-	0.75%	5.01%	16.64%	8.82%	8.65%	8.93%	8.26%
EPS ¹	5.82	2.2	4.51	7.47	8.18	7.945	8.85	9.565
Change	-	-62.2%	105%	65.63%	9.5%	-2.88%	11.39%	8.09%
Nbr of stocks (in thousands)	555,375	562,062	567,846	563,597	570,844	565,589	565,589	565,589
Announcement Date	2/5/20	2/5/21	2/4/22	2/9/23	2/7/24	-	-	-