2011 VINCI Energies activity report

V I N C I E N E R G I E S 2 0 1 1

ConneCtingour

energies

VINCI Energies280, rue du 8 Mai 1945BP 72F-78368 Montesson CedexTel.: +33 (0) 1 30 86 70 00Fax.: +33 (0) 1 30 86 70 10www.vinci-energies.com

ConneCtingour energies

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v i n C i E n E r g i E s 2 0 1 1

ProfilE 2

intErviEw with thE Chair man 4

highlights 6

ambitionand businEssaPProaCh 8

rEsPonsibilitiEsand CommitmEnts 10

infrastruCturE 12

industry 16

sErviCE sECtor 20

tElECommuniCations 24

2 vinCi Energies � 2011

PROFILEThe business line created by the combination of VINCI Energies and Cegelec in 2010, supplemented by the creation of VINCI Facilities,took the name of VINCI Energies at the beginning of 2012. It bringstogether 60,000 employees working with public authorities andcompanies to help them roll out, equip, operate and optimise theirenergy, transport and telecommunications infrastructure, industrialfacilities and buildings.VINCI Energies aims to be an expert both in its own fields of expertise– electricity, air-conditioning and heating, mechanical engineering,information and communication technologies – and in its customers’business lines.Based on their particular needs, VINCI Energies can build high value-added solutions that respond to their performance, reliability and safetychallenges.VINCI Energies’ solutions support customers throughout their projects,from engineering and completion of works through to maintenance,operation and facility management. These solutions, both local andglobal, combine local service with the dynamism of a close-knit web of 1,500 networked business units in 40 countries, 20 of them outsideEurope.A key player in energy efficiency and renewable energies, VINCIEnergies makes a strong contribution to VINCI’s global offering in thisarea and in the integration of complex systems.

7,102

8,666

20112010 20112010

387

4835.6 %of revenue

5.4 %of revenue

20112010

242.4

314.93.6 %of revenue

3.4 %of revenue

REVENUEin € billions

OPERATING PROFIT FROMORDINARY ACTIVITIESin € millions

MAIN GROUP BRANDSActemium Industry

Axians Telecommunications

Cegelec InfrastructureIndustryService sectorTelecommunications

Citéos Infrastructure

Graniou Telecommunications

Omexom Infrastructure

Opteor Industry

VINCI Facilities Service sector

NET PROFITin € millions

KEY FIGURES

PROFILE 3

LINES OF BUSINESSbreakdown of revenue

VINCI ENERGIES LOCATIONS ACROSS THE WORLD

GEOGRAPHICAL AREASbreakdown of revenue

II industry 31.9%II service sector 34.4%II infrastructure 24.3%II telecommunications 9.4%

II france 63.5%II germany 13.3%II northern Europe 8.1%II switzerland 3.7%II southern Europe 2.5%II Central Europe 2.3%II rest of the world 6.6%

60,000 employees

1,500 business units

40 countries

AustriaBelgiumBulgaria

Czech RepublicDenmark

FranceGermany

GreeceHungary

ItalyLuxembourgNetherlands

NorwayPoland

AlgeriaAngola

BahrainCameroon

CongoDR Congo

GabonMorocco

PortugalRomaniaSlovakiaSpainSwedenSwitzerlandUnited Kingdom

NigeriaQatarSaudi ArabiaUnited Arab Emirates

United States

French Guiana

Reunion Island

Indonesia

GuadeloupeMartinique

Brazil

Singapore

China

Kazakhstan

INTERVIEW WITH THE CHAIRMAN2011 was a particularly turbulent year, both econom-ically and financially. what effect did this have on vinCiEnergies’ business?Very concretely, the crisis we have experienced over thelast few months did not prevent us from makingprogress. We even exceeded our business forecasts for2011, both in France and in the great majority of othercountries in which we operate. This fed through to recordrevenue of €8.7 billion, an increase of over 5.6% proforma compared to 2010. In parallel, our operating profitfrom ordinary activities rose to a remarkable 5.6%. So the year just ended will have been a very good onefor VINCI Energies!

how do you explain these excellent results?Behind the figures, there is, first and foremost, the extraor-dinary work done on a daily basis by all our teams. Theirpersonal investment was total, particularly on the differentworksites. And here I’m not just talking about the tech-nical quality of our operations, but also of the ongoingdetermination to prevent workplace accidents. Indeed,the reason why we made great strides in safety in 2011is because we made absolutely no concessions on thispoint. For me, this is a genuine point of satisfaction and

it encourages us to persevere with our prevention actions.This positive momentum is also reflected in the figures:our accident frequency rate fell below the symbolicthreshold of 10. Furthermore, it is evident that the closenetworking of our business units and close relationshipswith our local customers made a strong contribution tothis global and collective success.

two developments had a particularly strong impact onthe life of vinCi Energies in 2011: the “docking” withCegelec and rollout of the vinCi facilities brand. howdid these developments contribute to growth?The alliance with Cegelec has allowed us to expand thecoverage of our networks, strengthen international oper-ations and field a broader array of services, as, for exam-ple, in the area of complex systems. Today, we have aneffective organisation, on both the operational and thefunctional level, enabling us to work together and cap-italise on our respective sets of expertise when respond-ing to customers’ demands. To my mind, this “meeting”between Cegelec and VINCI Energies is also a successon the human level. Over the last few months, our teamshave got to know and appreciate each other through aprocess of high-quality social dialogue.


and what about vinCi facilities?VINCI Facilities, which was officially launched as a brandon 24 May 2011, has a key place in our operation. Thisactivity, entirely dedicated to services linked to buildingsand their users, is indissociable from the “long term"concept we are keen to reinforce in customer relations,and this fully justifies its presence in VINCI Energies.

how does the “Energies” business line fit with the strat-egy of the vinCi group?It allows VINCI to bolster its position as a major playerin the energy and information technologies markets.What’s more, the synergies we can develop with VINCI’scontracting and concessions business lines respond tothe Group’s clearly affirmed intention of being a long-term partner to its customers. This implies supportingthem throughout the life cycle of their projects: design,construction, operation, multi-technical maintenance,multi-service expertise and facility management. We areperfectly in phase with this strategy.

what place does vinCi Energies occupy today in itsfields of activity, i.e. infrastructure, industry, the serv-ice sector and telecommunications?We address the major challenges facing society today –

energy, mobility and communications. This is an unde-niable fact! We are positioned at the point where theseissues converge and where needs are constantly increas-ing, along with demand for ever greater reliability, effi-ciency, safety and capacity. Let me mention two examples.In the field of telecommunications, first of all, bandwidthdemand for mobile and company telephony networks isgrowing exponentially. Secondly, in infrastructure, rein-forcement of electricity lines, interconnection betweencountries and the creation of smart grids are essentialto secure supply and integrate new sources of energy.In each of our four fields of activity, we can act as a coor-dinator and supplier of global solutions.

when we mention the issues facing society, we alsomean energy savings. what is your position on thispoint?A concern for energy efficiency and preserving naturalresources is omnipresent throughout VINCI Energies.Processes, maintenance, energy economy certificates,energy performance contracts: our goal in all these areasis to systematically propose the right solutions to reducethe energy bill and the ecological footprint of the organ-isations that place their trust in us. Secondly, we are alsostrongly committed to construction of power stationsrunning on renewable energies (solar, wind power, bio-mass, etc.) and infrastructure for delivering electricityfrom the place where it is generated to the places whereit is consumed.

how do things look for 2012?We are confident for the next few months given thetrends observed so far and orders already placed. Ourmarkets are buoyant. In addition, we have the trust ofour customers, who are often genuine partners. We haveall the skills needed to meet their needs and we havethe capacity to adapt to them thanks to a sustainedrecruitment and training policy. By connecting our ener-gies, we will continue to occupy the place to which weaspire with our customers, in other words, that of a sup-plier of global solutions, capable of responding over thelonger term to all their expectations.

A global and collectivesuccessJean-Yves Le Brouster Chairman and Chief Executive officer of vinCi Energies

“”

INTERVIEW WITH THE CHAIRMAN 5


JANUARY 2011A FIRST LIGHT RAILLINE IN LE hAVRECegelec Infrastructures & Mobility isproviding the electrical powerequipment for the first light rail line inLe havre, which will be brought intoservice at the end of 2012. The contractcovers installation of eight traction sub-stations, three auxiliary stations andsmoke exhaust and ventilation systemsfor the 700m-long Jenner tunnel. For this project, Cegelec is deploying aunique system to recover the energygenerated on braking.

MARCH 2011OVER 500 GSM-R SITESOPERATEd BySyNERAILOn 4 March 2011, the French rail trackoperator (RFF) transferred the GSM-R*railway communication network toSynerail under a 15-year public privatepartnership.

Since then, Synerail Exploitation, a 40%-owned subsidiary of VINCI Energies, hasbeen responsible for operation andmaintenance of 563 GSM-R sites over3,000 km of track in North-East France,including the LGV Est-Européenne highspeed line. Between now and 2015, thescope will cover all French rail lines asthey are equipped with GSM-Rtechnology by Graniou, a VINCIEnergies brand. In parallel, 988 of the1,600 km of optical fibre to be installedalong rail lines in the framework of thesame public-private partnership havealready been laid and connected.

APRIL 2011ARIANE 5 : 57thLAUNCHWIThCEGELECOn the night of 22 to 23 April 2011 atthe European Space Centre in Kourou,French Guiana, the 57th launch of theAriane 5 launcher put twotelecommunications satellites in orbit.Cegelec teams have been working atthe space centre since 1968 and its

160 employees have participatedactively in all Ariane 5 launches. They have particular responsibility foroperation and maintenance of allAriane 5 fluid and mechanical systemsand payload preparation, together withengineering services (all trades) formodifications of the base’s installations.

MAY 2011ROLLOUT OF THEVINCI FACILITIESBRANDOn 24 May 2011, VINCI Facilities’ 250European managers met in Paris tolaunch rollout of the brand in thedifferent countries. This first meetingwas an opportunity to appreciate all thedevelopment potential generated bygrouping multi-technical maintenance,multi-service expertise and globalfacility management under the samebanner and promote the brand’sambition to be a benchmark player inservices related to buildings and theirusers.

a major contract signedwith the City of Paris toreduce energy consumptionby 30% looking to 2020.

vinCi facilities will beresponsible for upkeep,

maintenance and caretakingservices for the new

bordeaux stadium afterdelivery in 2015.

since 1968, Cegelec has been involved in all launches at the European space Centre in Kourou, french guiana.

HIGHLIGHTS

* Global System for Mobile Communication-Railways

HIGHLIGHTS 7

JULY 2011BEA JOINS VINCIENERGIESIN GERMANyBEA TdL, located in Spremberg,Germany, has joined VINCI Energiesdeutschland. The company has 380employees and specialises in electricalequipment, automated systems andsupervision of equipment linked toopen-cast mining and transport of coalover long distances, and also inmaintenance of this equipment. With itssubsidiaries in Poland, Bulgaria andKazakhstan, BEA TdL posts revenues of€60 million a year.

JULY 2011LIGhTING UP ThECITY OF LIGHTVINCI Energies is a member of theconsortium which has been awarded acontract to operate and maintain publiclighting and traffic lights for the City ofParis. This 10-year contract covers5,300 streets and 300 monuments tobe illuminated – 180,000 light

sources – and 1,800 intersections.It includes an energy performancemanagement clause, with the goal ofreducing electricity consumption by30% looking to 2020. Use of newmanagement tools will make it possibleto improve the rapidity and traceabilityof maintenance operations, while at thesame time guaranteeing better trackingof equipment replacement operations.

SEPTEMBER 2011MAINTENANCEFOR VALLOUREC Cegelec Brazil has been awarded acontract for electromechanicalmaintenance by Vallourec & SumitomoTubos do Brasil (VSB) for its plant inJaceaba in the State of Minas Gerais(Brazil), which produces tubularequipment for oil and gas wells. This three-year contract with an initialvalue of over €10 million, will mobilisesome 150 employees with specialistskills in electricity, instrumentation,mechanics, welding and piping. The Cegelec Brazil teams will also be

responsible for remedial and preventivemaintenance operations, from planningthrough to execution.

OCTOBER 2011LEAdER IN FACILITYMANAGEMENTIN MOROCCOCegelec Morocco and VINCI Facilitieshave signed a partnership with thefinancial institution Caisse de dépôt etde gestion (CdG) in Morocco with aview to acquiring 50% of the capital ofExprom, a CdG développementsubsidiary specialising in facilitymanagement. Acquisition of this stakehas given birth to the leading FM playerin Morocco, a country with highdevelopment potential and regulargrowth.

vinCi facilities’ vehiclefleet is marked with thenew brand livery.

more than 500 gsm-rsites operated by synerailas part of a public-private

partnership with thefrench rail track authority

(rff).


GLOBAL VALUE-ADDEDSOLUTIONSdrawing on the skills of 60,000 employees in 40 countries,VINCI Energies is a major player, in France and abroad, in theactivities associated with its four lines of business: infrastruc-ture, industry, the service sector and telecommunications.Thanks to a close-knit network of business units and the syn-ergies it generates, the Group has become a coordinator andsupplier of global solutions offering high technical and serv-ice content. It is active over the whole life cycle of their oper-ations, whatever the level of complexity: engineering,

implementation, maintenance and facility management. Thanksto its positioning, VINCI Energies can also offer its expertise tothe other VINCI business lines: Concessions, Motorways, Con-struction and Roads, particularly for major projects and pub-lic-private partnerships (PPP).

LOCALLY ROOTED NETWORKSVINCI Energies provides these solutions on the local level,through both its local brands and its network brands. In theenergy infrastructure sector, Omexom proposes global solu-tions in electricity generation, transmission, transformationand distribution. Citéos is active in urban lighting. Actemium

AMBITION & BUSINESS LONG-TERM PARTNERSIn all the markets linked to energy and information technologies, VINCI Energiesaffirms its determination to be a global supplier of solutions, capable of supporting itscustomers in all their development projects over the longer term. It owes thispositioning to its close-knit network of business units and the ability to pool itsnetworks’ expertise.

vinCi facilities provides multi-technical maintenance services tonumerous industrial customers (herein aix-les-bains, france).

rollout of optical fibre by graniouteams for the ain department(france).

thermal insulation andacoustic protection worksitefor the rwE combined cycle

gas power plant in lingen(germany).

AMBITION AND BUSINESS APPROACH 9

is active in engineering and implementation on behalf of indus-trial customers keen to optimise and improve the reliability oftheir processes, while Opteor handles maintenance of the facil-ities. Cegelec also possesses expertise covering a large num-ber of the Group’s fields of activity (infrastructure, industry, theservice sector, etc.)In the field of information technologies, VINCI Energies relieson the Graniou and Axians brands to roll out telecommunica-tions solutions. Graniou manufactures infrastructure for fixed-line and mobile networks for telephone operators, equipmentsuppliers and local authorities. Axians specialises in integra-tion of company communication networks and systems.In the service sector, VINCI Energies is able to install the wholerange of technical equipment in buildings (electricity, air-con-ditioning, fire detection, centralised building management sys-tems, etc.). VINCI Facilities, which specialises in services relatedto buildings and their users, handles multi-technical mainte-

nance, multi-service solutions and facility management forservice-sector and industrial buildings.

A LOCAL AND GLOBAL PARTNERVINCI Energies clearly affirms its determination to establishlong-term relationships with all its customers. This ambitionrests on two pillars: a very local presence thanks to its close-knit network of business units, and a global service offeringboth single site and multi-site integrated solutions, in Franceand elsewhere. Wherever they may be, customers can rely ona single contact to roll out and optimise operation of their facil-ities, with a constant concern for performance and manage-ment of energy demand.

APPROACH

Electrical revamping ofoffshore platforms in the

yanga and sendji oil fields(gulf of guinea) carried out

by Cegelec oil & gas teams.


STRONG SHARED VALUESVINCI Energies relies on entrepreneurship, autonomy, trust,empowerment and solidarity to guarantee its future. Theseshared values have a common point: openness. An opennessto young people, first of all, to attract new talent by offeringinternships, work-study programmes and jobs – 2011 was arecord year in this respect. Secondly, openness towards employ-ees, since personal growth and development of skills are keyto VINCI Energies’ growth. And, last, openness to society, sinceactions conducted in favour of diversity, employment of dis-abled workers and sustainable development are on the increasein the Group.

SAFETY FIRST AND FOREMOSTSafety and prevention of occupational diseases are two con-stant concerns at VINCI Energies. In 2011, the frequency rateof workplace lost-time accidents fell to 9.77, i.e. down 9% on2010. Likewise, almost 70% of business units recorded nolost-time accidents. Many prevention actions were conductedduring the year: “crossed” safety visits carried out by differ-ent site managers, systematic analysis of the cause of an acci-dent, across-the-board “safety updates” carried out in Franceand abroad. From the beginning of 2011, worksite managerswere able to benefit from prevention management training,offered to 6,000 managers over three years.

ThE FUTURE BEGINS TOdAy! The 60,000 professionals working for VINCI Energies constitute the strength and wealth of a Group that makes recruiting new talent, retaining employees anddeveloping their skills a priority to guarantee its future. Sharing common values, an emphasis on occupational health and safety and a commitment to sustainablegrowth shared by all the business units are crucial to balanced development.

management systems for storage and handling liquid products developed by actemium for itC rubis terminal antwerpen in antwerp (belgium).

intervention of Citéos teams as part of a public-private partnership with the City of aix-les-bains (france).

rollout of the whole range of axians’ expertise and know-how (video-conferencing, supervision of audio systems, double image projection,etc.) for a banking sector customer (france).

RESPONSIBILITIESAND COMMITMENTS

RESPONSIBILITIES AND COMMITMENTS 11

A high point of the year, the annual 15-minuteSafety Session gave all employees an opportunityto engage in dialogue around “shared vigilance”.

HUMAN CAPITAL FOCUSED ON THE FUTURE A highlight of 2011 was the creation of a common culture unit-ing the teams of Cegelec, VINCI Energies and VINCI Facilities.An unprecedented training programme was conducted by theAcadémie VINCI Energies and Cegelec Group University toencourage convergence between the business units makingup the new business line.Management, marketing, management tools – almost 10,000employees enrolled in these modules designed to encourageGroup cohesion and representing a 50% increase in the Group’straining investment compared to 2010. The training modulesoffered outside France take into consideration the diversity of thecountries represented, while focusing on the same fundamentalthemes and messages. In parallel, structuring training sessionsfor site managers focusing on multi-technical maintenance andfacility management were developed for VINCI Facilities.The search for new talent resulted in almost 5,800 young peoplebeing offered internships or work-study programmes in 2011. The Group’s presence on the social networks, its participation instudent forums and organisation of a young Talents day by Cegelecare examples of concrete initiatives carried out in the Group.

DEVELOPING AND REWARDING SKILLSVINCI Energies places great importance on developing andrewarding the skills of its employees. In-house promotion ispreferred when making new appointments (directors, businessunit managers, project managers, etc.). The dense web of loca-tions and networking between business units encourages func-tional and geographical mobility, discovery of the differentbusiness lines and rollout of common offers.

ENVIRONMENTALRESPONSIBILITY AT THE HEARTOF OUR BUSINESS UNITS’PROJECTSEnvironmental responsibility, one aspect of sustainable devel-opment, is fully integrated in VINCI Energies’ operatingapproach. A “CO2” calculator enables us to offer low-GhG alter-native solutions submitted along with our bids. In addition, thesearch for energy-saving solutions is a constant. In 2011, theGroup focused on setting up systematic recycling of wasteelectrical and electronic equipment by signing a partnershipwith Recyclum. In-house, a campaign was conducted to raisegeneral awareness of ecologically responsible driving and sev-eral VINCI Energies business units carried out a “sustainabledevelopment self audit” enabling them to initiate action andimprovement plans.

Construction by Cegelec of the output transformer at the Kenitrapower plant in morocco.


INFRASTRUCTURE 13

INFRASTRUCTUREDelivering energy and meeting mobility needs are twomajor challenges for society. This is why strengtheningand improving the reliability of electricity generation,transmission, transformation and distributioninfrastructure are on the agenda. The same is true fortransport infrastructure. VINCI Energies business unitsare key players in all these fast-growing markets.

Renovation of public lighting,associated with optimalmanagement of existing facilities,offers the potential to reduceconsumption by more than 50%.


MIRADOUX ANDMONTÉLÉGER:A PLACE IN THE SUN!34,500 photovoltaic panels inmiradoux (8 mwp) and 35,000 atmontéléger (8.2mwp): CegelecEnergy and Omexom respectivelydesigned and built two of the biggestsolar parks inaugurated in france in 2011. Each unit can meet the electricity needs of approximately4,500 households. the respectiveCegelec Energy and omexom teamswill also be handling operation andmaintenance of this infrastructure for several years. these two majorprojects allow the group to reaffirmits status as a key player in development of renewable energies.

MARKET TRENDSAll the studies show that world energy con-sumption is set to increase by 40% in the next20 years. This means that we have to createnew power generation infrastructure and newnetworks to deal with increasing demand forenergy transmission. VINCI Energies’ expert-ise allows it to intervene right along the chain,from production plants to public lighting, andincluding the creation of “intelligent” networksor smart grids. In the area of transport, grow-ing urbanisation requires development of effi-cient collective and rail infrastructure. Inparallel, making roads and tunnels safer isprompting rollout of increasingly sophisticatedsystems. here again, VINCI Energies hasexpertise in all these activities that help makeeveryday life safer and more pleasant, whileencouraging recourse to renewable energiesand managing available resources more effi-ciently.

VINCI ENERGIES’ACTIVITYIn the field of energy production, VINCI Energies has proved its capacity to buildturnkey power stations, alone or as part of aconsortium. The work carried out in Moroccoon the Kenitra power station project, plusdelivery of the Miradoux, Montéléger andLes Mées solar parks are a few examples.during the year, a major contract was signedby Cegelec to build a wind park in Turkey(52 turbines delivering 143 MW). In the fieldof nuclear energy, VINCI Energies works withAreva, EdF and CEA (French atomic energycommission) to install, maintain, operate anddismantle facilities, whether in France (theFlamanville EPR for EdF, the GB 2 plant forAreva) or elsewhere (Finland, the UnitedKingdom, etc.).In the electricity transmission and distribu-tion market, the Group occupies a strong posi-tion in all network reinforcement and safetyoperations, both in major electricity trans-mission infrastructure and in rural electrifica-tion. It worked with RTE (Réseau de Transport

d’Electricité) on VhV line projects in EasternFrance, Savoie and Cotentin through theOmexom brand, which is also active in elec-tricity substations in Spain and Portugal.

Leader in managementof public lightingWith 1,300,000 light sources maintained,Citéos – a VINCI Energies brand – is leaderin this activity in France. The highlight of theyear was the signature – as part of a con-sortium - with the City of Paris of an energyperformance contract covering operationand maintenance of public lighting and traf-fic lights. In parallel, three public-private part-nerships were signed with the municipalitiesof Pointe-à-Pitre, Goussainville and Marlyto modernise and operate their lighting infra-structure. These contracts factor in per-formance targets, including a 30-50%reduction in energy consumption. In Spain,Tecuni was awarded a contract to renovate,improve and upgrade public lighting in thecity of Bilbao.

INFRASTRUCTURE 15

VINCI ENERGIES ON THE RIGHT TRACK IN RABATAND CASABLANCA.vinCi Energies business units participated in creation of the light rail systems in rabat and Casablanca. in the moroccan capital, CegelecInfrastructures & Mobility and Cegelec Moroccobuilt the electricity sub-stations and rolled out the overhead contact line for the 18 km network.Roiret Transport was responsible for the electronic data wiring, centralised technicalmanagement (Ctm) and the operating assistanceand passenger information system. in Casablanca,Cegelec infrastructures & mobility and Cegelecmorocco are currently installing the overheadcontact line, while roiret transport is working on the electronic data wiring and Ctm packagesfor the 30 km network.

Transport, mobility and safetyWith the arrival of the Cegelec teams, VINCIEnergies has expanded the range of services itoffers in terms of equipment and systems forroads, tunnels and public transport. In 2011,VINCI Energies worked on upgrading many engi-neering structures and won two new projects inthe Paris Region: improving safety in tunnels onthe A13 (Boulogne and Saint-Cloud) and theunderground roads in the Les halles district inParis. Its know-how was also harnessed in Lyonfor the Croix-Rousse tunnel, and for three tun-nels being built on the A89 for VINCI Autoroutes.Overhead contact lines, traction energy, signallingand other systems designed for the greater com-fort and safety of passengers: VINCI Energiessuccessfully took positions on several light-railoperations in the Paris Region, as well as in Brest,Tours, Le havre, Montpellier and outside France(Prague, Berlin, Göteborg, Casablanca and Rabat).The Group was also active in metro line exten-sion projects in Lyon, Toulouse, Marseille andParis. Lastly, 2011 saw the start of studies for theLGV Sud Europe Atlantique high speed line. Some250 employees were mobilised in the consor-tium responsible for global electricity supply -design, studies, works, tests – for the line.

OUTLOOKExtension of the life of nuclear power plants anddemands for ever-tighter security make thenuclear market a very promising one over thelong term. The same is true for electricity trans-mission networks, where security and rein-forcement requirements remain very substantial.In France alone, RTE will be investing €1.4 bil-lion to meet these needs in 2012. This contrastswith the situation in renewable energies. Whilemajor wind-power projects are still on theagenda, development of solar energy has slowednotably in Europe. In transport, activity is sup-ported by numerous urban redevelopment pro-grammes. After the big urban centres, smallermunicipalities have launched this type of oper-ation, often hand-in-hand with rollout of lighterinfrastructure, such as rapid transit bus networks.In roads, synergies with other VINCI Group busi-ness lines offer interesting prospects, such as forthe western bypass of Strasbourg.

We aresupporting thedevelopment of the Cityof Pointe-à-Pitre over the longer term. It’s fascinating! Thetechnological choices forrenovation, associatedwith maintenanceactions and a genuineoperating strategy willdeliver a realimprovement in quality of life.”Arnaud BurbandirectorvinCi Energies sud-ouestméditerranée antilles-guyane

“

PUBLIC LIGHTING: A 15-YEAR PPP IN POINTE-À-PITRE.the City of Pointe-à-Pitre decided to renovate itspublic lighting in the framework of a public-privatepartnership (PPP) spanning 15 years. during thisperiod, Citéos Guadeloupe and XERIA, vinCiEnergies business units, will be handling recon-struction work, replacement, maintenance andoperation of 4,700 light sources, traffic lights at 11 intersections, festive illumination for the end-of-the-year celebrations and heritage illumination forseven historic and cultural sites. the contract alsocovers installation of five photovoltaic roof arraypower plants (350 mw) and will take over respon-sibility for an existing video-protection system.Axians Antilles-Guyane and Eger Guadeloupe,two other vinCi Energies business units, are alsoinvolved in this PPP.


INDUSTRY 17

A large share of industrial company investment in 2011 was devoted to enhancing the reliability of production processes and seeking greaterproductivity. Investment was also supported by increasingly high logistics costs, promptingcompanies to produce closer to the consumer.Whether in engineering, implementation ormaintenance, VINCI Energies has the expertiserequired to support its industrial custome rs’projects throughout the world.

INDUSTRY

In 2012, 51% of industrialcompanies will give priority toproductivity-related investment,whether this means acting onefficiency, reliability or modernity.

TEREOS, EXTENSION OF THE PRODUCT PORTFOLIO AT THE LILLEBONNE PLANT.tereos, one of the world leaders in sugars, starches and alcohols, is diversifying its bioethanolproduction plant in lillebonne (france) to produceproteins and starches for human consumption.Mangin-Egly, a vinCi Energies company andlong-term partner of this industrial company, wona contract to supply the protein extraction unit.this turnkey project covering high and low-voltageelectricity distribution and command-controlsystems, was completed in 28 weeks for a contractvalue of over €15 million.

vinCi Energies � 201118

MARKET TRENDSBrisk – a single word that sums up the trend inindustrial markets in 2011, with a particularlypronounced recovery in Germany and theBenelux countries. All – or almost all – sectorswere involved: automobile, aviation, oil & gas,petrochemicals, waste treatment, energy andmines, etc. As a result, industrial companiesfocused on their core business, seeking to opti-mise production, while outsourcing maintenanceof their facilities.VINCI Energies has the capacity to provide globalsolutions meeting their expectations, by com-bining the expertise of the Actemium, Cegelecand Opteor brands to roll out and maintain newprocesses, whether in engineering, electricity,instrumentation, command-control, air treat-ment or mechanical processes. VINCI Facilities offers industrial companies amulti-technical maintenance and facility man-agement service for their buildings.

VINCI ENERGIES’ ACTIVITYVINCI Energies worked on several gas facilities forGdF Suez and its subsidiaries. In France, Cegelecwas involved in construction of the compressionplant in Chazelles, while Actemium carried outsimilar work on the Tersanne compression plantand also on underground storage sites in Beynes,Saint-Claire-sur-Epte and Céré-la-Ronde. A firstmajor order was taken, in a consortium withVINCI, for the future methane gas terminal indunkirk. Still in the energy sector, but this timein oil & gas, Cegelec is working on the Takreerrefinery in Abu dhabi and the Sonara refinery inCameroon. Its teams worked on numerous oper-ations for Total, Chevron, Perenco, Adnoc, Qapcoand Sonatrach in the Gulf of Guinea and theMiddle East.

In France and other countriesVINCI Energies is also involved in many majoroperations in other industrial sectors, in Franceand abroad. It won orders from aircraft manufac-turers Airbus (France) and Embraer (Brazil), thepaper manufacturer Saica (England), the miningcompany Koniambo Nickel (New Caledonia) andthe polysilicon manufacturer Wacker Chemie

VINCI FACILITIESWORKS WITHGUILFORD IN THEUNITED KINGDOM.in June 2011, VINCI Facilities signeda three-year contract with guilfordfor facility management at itsalfreton textile plant (unitedKingdom). its teams provide a rangeof services, including reception,maintenance of electrical andmechanical equipment and cleaningetc. under the terms of this contract,vinCi facilities undertakes to guar-antee a high rate of problem-solvingon first intervention.

GIRASSOL: TOTAL E&P RENEWS ITS CONTRACT WITH CEGELEC OIL & GAS. after 10 years of operations, total E&P renewed the multi-technical maintenance contract with Cegelec oil & gas for the girassol fPso (floating production, storage and off loading) platform located off the coast of angola. the new contract is for a five-year term with an option to renew for another five years. it is worth $80 million and employs a permanent team of 92 people, including 64 local employees. Cegelec oil & gas, which has been handling maintenance of the girassol platform since it was brought into service in 2001, confirms its presence in angola as a provider of services to oil companies operating in the country.

INDUSTRY 19

The quality ofthe service we provide,the availability of ourteams and the constantconcern withtransferring skills tolocal employees werecrucial in convincingTotal E&P to renew ourmaintenance contractfor the Girassol FPSOplatform.”Didier Elieoperations and maintenancemanager,Cegelec oil & gas

“ (Germany), and, in France, from Renault and Peu-geot for the production lines for the future Zoéand T9 models. The Group is also participating inconstruction of the Renault plant in Tangiers(Morocco) and the coal-burning power plant inWalsum (Germany).

Multi-site and multi-countrymaintenanceSNCF, Airbus, Total Petrochemicals, Sanofi Pas-teur, General Electric and Areva have all chosenVINCI Energies to maintain a good number oftheir industrial sites. In France, Cegelec andOpteor are working on more than 200 several-year contracts in this activity. In Brazil, Cegelecwon the maintenance contract for the Vallourecplant in Jaceaba and contracts for five oil termi-nals for Transpetro. In the United Kingdom, itsteams handle maintenance and engineeringinspection for the Laggan Tormorre (UK) projectfor Total. Last, but certainly not least, Cegelec andits customer Total renewed the full maintenance

contract for the Girassol offshore platform off thecoast of Angola for another five years.VINCI Facilities also ramped up its operationswith industrial customers in 2011. The multi-site solutions it offers in the fields of multi-tech-nical maintenance of industrial buildings andfacility management won over numerous cus-tomers across Europe, including Electrolux andGeneral Electric.

OUTLOOKThere are still some uncertainties over industrialactivity in 2012. however, some sectors, such asthose related to aviation and energy, remainbuoyant. Positioning itself as a benchmark playerfor its customers, VINCI Energies focuses itsefforts on two areas primarily: the ongoing searchfor energy performance and optimising produc-tion facilities for its industrial customers.


SERVICE SECTOR 21

SERVICE SECTORThe comfort and safety of property and people are key priorities forproperty managers, who are also placing increasing importance on the energy performance of the buildings they manage to meet the newthermal regulations. VINCI Energies implements, operates and maintainssystems that meet these expectations, while proposing a broad range of facility management services to its customers.

The 2012 thermal regulations in France setan energy consumption threshold for buildingsof under 50 kWh/sq. m./year.


MARKET TRENDSThe energy performance of buildings is a majorchallenge in the combat against climate change,since buildings alone generate 40% of green-house gas emissions. Implementation of low-consumption infrastructure became the rule inFrance starting in 2011. It has led to a changein construction models with the growing weightof technical equipment, both for building refur-bishment and construction projects. In the serv-ice sector, VINCI Energies offers customers itsexpertise in energy networks, hVAC, fire protec-tion, plumbing and centralised building man-agement systems. VINCI Facilities, whichspecialises in services related to buildings andtheir users, handles multi-technical maintenanceand facil ity management with the aim ofenabling users to enjoy a comfortable and com-pletely safe environment.

VINCI ENERGIES’ ACTIVITYThe service sector market has recovered afterthe downturn observed in previous years. Brisktrends in the electrical sector, a recovery in ther-mal activity and the increasing weight of con-tracts organised in macro-works packagesallowed VINCI Energies to perform in line withits expectations in 2011. Major contracts weresigned and/or partly completed during the yearin synergy with VINCI Construction France, suchas the descartes tower in La défense, SFR’s headoffice in Saint-denis, The Peninsula luxury hotelin Paris and the future Nantes Airport. Prepara-tion for the European Football Cup in 2016 gaveVINCI Energies the opportunity to work in engi-neering and implementation for the future Niceand Nanterre stadiums. The Group reaffirmed itspresence in the hospital sector in France (Creil,Toulouse, Lyon, Fort-de-France, Noumea) andalso in Portugal, Sweden and Belgium. Also inBelgium, Cegelec is responsible for all electric-ity and hVAC systems for the Brussels head-quarters of NATO and the European Union.

IN ORBIT WITHCARREFOUR PLANET.implementing electrical equipmentacross Carrefour Planet, the newhypermarket concept launched bythe world number 2 mass-marketretailer: this is the mission entrustedto Masselin Surfaces Commerciales.acting as lead manager for sevenvinCi Energies france business unitsfor the purposes of this contract,masselin surfaces Commerciales hasbecome Carrefour’s preferred partnerfor the project in france. worksstarted in april 2011 and areexpected to last 30 months.

NATO HEADQUARTERSIN BRUSSELS: A CAPITALPROJECT.Cegelec Belgium is involved in theproject to build the future natoheadquarters in brussels (belgium). its teams, working in a consortium,were awarded the hvaC (heating,ventilation, air-conditioning) and electricity and information networkspackages for this building, which isscheduled for completion at end 2015after 57 months of works. this is the biggest constructionproject ever conducted in belgiumwith a total area of no less than250,000 sq. m. including 120,000 sq. m.of offices.

SERVICE SECTOR 23

A leader in facility managementVINCI Energies’ mission is not confined solely tofitting out service sector buildings. The rolloutof VINCI Facilities in 2011 has provided cus-tomers with a platform that can support themanagement of their property assets over thelong term, as shown by its involvement along-side VINCI’s Construction and Concession busi-ness lines in the PPPs for the Nice and Bordeauxstadiums. As a coordinator and supplier of globalsolutions, VINCI Facilities also has the capacityto take on multi-site and multi-country con-tracts. It owes this positioning to its close-knitnetwork of business units and their local roots,which corresponds to the expectations of a grow-ing number of customers, including EdF, SociétéGénérale and Unisys – the latter will be rollingout global FM in 15 countries. In Morocco, acqui-sition of a stake in Exprom alongside CegelecMorocco has led to creation of the leading facil-ity management player in this country, confirm-ing VINCI Facilities’ determination to broadenits scope of action.

OUTLOOKThe upturn in business in the service sector, asobserved in 2011, is expected to continue in2012. Control of energy demand is a central issuein construction and renovation of buildings andwill continue to support the market. The newthermal regulations will require global expertiseassociating experts in construction and energy.hence, projects will increasingly be awarded tocompanies that are capable of meeting their cus-tomers’ needs as general contractor or providerof macro-works packages. With VINCI Facilities,VINCI Energies has all the strengths it needs tomeet the market’s requirements, in line with thestrategy adopted by VINCI: design, implement,operate and maintain its customers’ facilities, ina genuine, long-term partnership.

SOCIÉTÉ GÉNÉRALE ENTRUSTS ITS “FM” TO VINCI FACILITIES.société générale chose VINCI Facilities to handle global facility management for its main Paris region sites in la défense and val-de-fontenay. the contract, spanning five years, is worth over €20 million a year.in parallel, société générale finalised a framework agreement with vinCi facilities for rollout of the projectin most European countries. this entails forging a genuine partnership between the bank and vinCi facilities teams to “co-build” a truly tailor-made service. the key points of the project are operational excellence, economic efficiency and integration of social responsibility in implementing the services.

A genuinepartnership has beenforged between SociétéGénérale and VINCIFacilities teams to “co-build” a truly tailor-made service.”Olivier Genelotmanaging directorvinCi facilities idf tertiaire

“


TELECOMMUNICATIONS 25

TELECOMMUNICATIONSThe telecommunications needs of individuals,companies and public authorities are continuing to grow exponentially. Substantial investments arebeing made in radio or fixed-line networks to buildinfrastructure large enough to satisfy user needs.VINCI Energies is strongly positioned in thesemarkets and is well-placed to respond to a majorchallenge: broadband for all.

Across the world, almost one out of three people have Internet access.Every second 200,000 SMS messages and 3.4 million e-mails are sent and23,000 videos viewed.

ETAVIS PUTS SWISSCOM IN A WINNING POSITION! swisscom is continuing to develop its network, particularly in mobiletelephony. Etavis Broger and Etavis Micatel, vinCi Energies businessunits and members of the graniou network, weremobilised across switzerland to install radio sites inall the country’s major cities, a first phase of theproject, in less than two months. a second phaseconcerned installation of sites along the main roadand rail arteries. in a third phase, the alpine touristresorts were also equipped. swisscom was particu-larly pleased with the responsiveness of vinCiEnergies teams – they were able to work very rapidly inthe country’s three language regions (french, germanand italian). thanks to the permanent developmentof the mobile network, the internationaltrade magazine Connect named swisscomas the best network in switzerland.


MARKET TRENDSMobile telephone operators, companies andlocal authorities share the same imperative:increase the capacity of their communicationinfrastructure to meet ever-increasing userdemand. Use of Smartphones, multimedia appli-cations, new uses for company IT networks andimplementation of video-protection systems incities all consume bandwidth. Substantial invest-ments are being made across the different net-works: expanding coverage for mobile telephony,integration of networks for companies and localauthorities, rollout of optical fibre to the enduser, etc. VINCI Energies is present in all thesemarkets through the Graniou and Axians brands.Graniou specialises in fixed and mobile telecom-munications infrastructure, while Axians offerscompanies and local authorities global networkintegration solutions, voice-data-image com-munication services and IT facilities manage-ment.

VINCI ENERGIES’ ACTIVITYWith a 25% increase in revenue, 2011 was anexcellent year for Graniou. The brand supportedEuropean mobile operators in expanding their3G coverage. It also responded to their need toraise network capacity to absorb the increase intraffic. In France, Graniou is an historic partnerto all operators, and more recently to Free Mobile,a new mobile telephony operator. In Sweden anddenmark, the brand participated in the transi-tion from 3G networks towards 4G.In the fixed-line market, optical fibre was installedthrough FTTh* switches in large French cities(Lille, Toulouse, Bordeaux), in the Paris suburbsand also in Poland and Switzerland. Graniou alsooffers a specific solution to operators for con-necting small and medium companies to thesevery high speed networks.* Fiber To The Home

Swisscom wasparticularly pleased withthe responsiveness ofVINCI Energies teams –they were able to workvery rapidly in the country’s three language regions.”Hermann Huber Business unit manager,Etavis Micatel

“

GRANIOU INSTALLS4G IN SWEDEN.Graniou Sweden is working on the first rollout of mixed gsm and ltEmobile technology (4th generation) insweden for the manufacturer huaweion the shared network of a jointventure between two scandinavianoperators.this major project, strategic for the customers, the manufacturer but also for graniou, consisted ofinstalling the equipment for this newgeneration technology (4g-ltE),together with transmission systems,on 3,500 sites across the country in less than three months.

AXIANS TAKESRESPONSIBILITY FORMAINTENANCE OFNETWORKS IN34 FRENCH HOSPITALS. uni.h.a is the cooperative healthpurchasing combine for the54 largest hospitals in france andone of the "top 10" buyers in Europe.in July 2011, Axians won the contractto maintain it network infrastructure(switch, routers, wifi, video-confer-encing) for 34 teaching and othermajor hospitals in continental franceand martinique. this frameworkagreement based on contractpurchase orders includes a guaran-teed restoration-time clause of4-12 hours, depending on the estab-lishment. the 24/24 service isprovided by 14 axians-brandbusiness units.

TELECOMMUNICATIONS 27

A last, noteworthy point: in the framework of theGSM-R (railway) project, execution studies andconstruction of the first radio sites have beenlaunched, and almost 1,000 km out of 1,600 kmof optical fibre have been laid and connected.

Integrated networks for all typesof engineering structures A benchmark partner in network integration forlarge companies and local authorities, Axians hasexpanded its range of services to new sectors,for which network and bandwidth requirementsare also crucial to their operation. For instance,the brand is present in the Le Mans, Valenci-ennes and Bremen (Germany) stadiums. It isimplementing the information system network(traffic information, variable message panels,video-protection etc.) for Autoroutes du Sud dela France. Its teams have also won a contractwith Uni.h.A to maintain the IT network for 34big hospitals in France. In Germany, the Bade-Wurtemberg federal bank asked VINCI Energiesto equip its brand new data centre. This contracthighlights an increasingly pronounced trend –the transfer of companies’ IT systems to remoteservers (cloud computing) requires high-capac-ity networks that are reliable and secure.

OUTLOOKBroadband for all, and the accompanying increasein network capacities, is a real challenge for soci-ety. Widespread rollout of 4G across Europe, thegrowing volumes of information transmitted onmobile networks, replacement of copper wire byoptical fibre and supporting companies’ transi-tion to cloud computing: VINCI Energies is posi-tioned at the heart of these markets, a source ofshort-, medium- and long-term growth, whilecontinuing to develop specific solutions for cus-tomers in clearly identified activity sectors (health,transport, industry, etc.). This enables it to standout from the competition by demonstrating itscapacity to understand customers’ expectationsand provide a global response.


Actemium n Axians n Cegelec n Citéos n Graniou n Omexom n Opteor n VINCI Facilities

A SHOWCASE FORVINCI ENERGIES.

as of may 2011, employeesworking at the vinCi Energies

head office in montesson have been enjoying their

completely renovated workspace. the building was

designed as a compact displaycase for group business units’know-how in energy perform-

ance and informationtechnologies.

Photo creditsCover

Gilles PiotPage 4

Luc BenevelloPages 6-7

Bordeaux Stadium:Herzog & de MeuronAriane 5:ESA/CNES/Arianespace,CSG optical departmentGSM-R: RFF / CAPA / Jean-Baptiste Vetter (TOMA)Axel HeiseLuc BenevelloPages 8-9

Francis VigourouxAxel HeiseXavier BoymondLaurent WargonPages 10-11

Francis VigourouxDavid FugereXavier BoymondFrancis VigourouxPage 12

Gilles PiotPages 14-15

Francis VigourouxPage 16


Mangin-EglyLaurent WargonLuc BenevelloPage 20


Augusto Da SilvaNATO:Govin SorelLuc BenevelloPage 24


Graniou photo libraryCommunication DepartmentCaen Teaching Hospital (CHU) Page 28

Govin SorelDesign anD layout

Idé ÉditionartistiC DireCtion

Jean-Pierre DésiréeWriter

Jean-Claude Rœlandtranslation

AltoPrinted by an Imprim'Vert-label, FSC (Forest StewardshipCouncil) certified printer. SIRAcertificate: FCBA-COC-000092. Printed on FSC certified papersourced from responsibly and sustainably managed(non-primary) forests.

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Documents

2011 VINCI Energies activity report