2024 was a fantastic year for VINCI Concessions. It was a record year in terms of activity for all our subsidiaries. Airport traffic surpassed its previous record set in 2019, reaching 318 million passengers (up 3.7% on 2019, up 8.5% on 2023). Highway traffic increased, particularly in Europe and North America. As for railways, the South Europe Atlantic high-speed line (SEA HSL) in France carried 22 million passengers during the year. And let’s not forget that the Stade de France hosted an incredible Olympic and Paralympic Games!

So the year marked a post-Covid return to normal for our activities and growing demand for mobility. The pandemic confirmed the resilience of our model and its overall performance. We have emerged from it more committed than ever. Our objective remains unchanged: to enhance mobility all over the world in a sustainable way. Mobility is a key driver of social and economic dynamics.

2024 was also a record year in terms of financial performance, marked by numerous successes and investments. Our network includes around 100 infrastructure assets, which we operate to the highest standards in terms of operational and service quality, connectivity, safety and environmental ambition. We manage our concessions with the aim of achieving the highest levels of performance. That’s why our clients trust us and why we can, for instance, proudly celebrate the 20th anniversary of the Rio-Antirrio bridge concession in Greece and the 30-year extension to our airport concession contract in the Dominican Republic. It’s also what motivated us to increase our stake in Lisea, the company that holds the concession for the high-speed line between Tours and Bordeaux – a low-carbon mobility asset. Managing the infrastructure entrusted to us also involves investing in, modernising and enhancing it. For instance, in Japan, the international terminal at Kansai airport will soon welcome visitors arriving from all over the world for World Expo 2025 in Osaka, in expanded and revisited spaces, providing a customer experience that meets the highest standards.

Climate change is the defining issue of this century. Not only are we on track, but we even scaled up our ambitions in 2024. We’re now aiming to reduce our direct carbon emissions (Scopes 1 and 2) by two thirds by 2030, relative to 2018 levels. To decarbonise road mobility, which alone accounts for over 90% of the transport sector’s carbon footprint, efforts need to focus on usage and help change how people travel. This can be achieved by expanding electric mobility. We’re therefore stepping up our efforts by installing charging stations along highways for motorists and at airports in our network.

VINCI Autoroutes offers charge points at 100% of the service areas in its network and has begun equipping its rest areas, making it the leading highway network in Europe in terms of the density of its charging infrastructure for electric vehicles.

In the aviation industry, we are fully committed to our own operational scope and to our various stakeholders. With over 50 accredited airports including four in France and Portugal at ACA Level 5, the highest level possible  VINCI Airports is the number one international contributor to the Airport Carbon Accreditation (ACA) carbon management programme run by Airports Council International (ACI). We are also demonstrating, with the large-scale deployment of photovoltaic power plants across our airport and highway networks, that the concession model can significantly contribute to the production of renewable energy, which can reduce the carbon footprint of the infrastructure it powers or be fed into the national grid to support regional transitions.

Across all concessions held by VINCI, we aim to reach a photovoltaic production capacity of 2 gigawatts  equivalent to the output of two nuclear reactors – by 2030.

Innovation is essential if we want to keep offering our passengers, travellers and users a more seamless experience. Our airports feature some of the most efficient security screening areas in the world. In the railway industry, we have long been at the forefront of deploying predictive maintenance solutions.

With regard to highways, we are leading the way in the development of free-flow solutions in certain countries and our traffic information expertise is unparalleled. Ulys consolidated its position as the leader in multi-service subscriptions for road mobility in France with 1.2 million new sign-ups recorded in 2024, bringing the total number of tags in circulation to 6.8 million, corresponding to a market share of over 70%. With six centres of excellence for innovation worldwide, we lead ecosystems (start-ups, players from the academic world, researchers and other contributors) that are shaping the future of smart mobility alongside us. Artificial intelligence is a powerful driver of innovation, whether it’s to improve employee safety, our processes, the operational efficiency of our infrastructure and client relations or to accelerate the energy transition.

With agility and responsiveness, we will continue our growth and strengthen our asset portfolio globally, particularly in the United States (where VINCI Highways reached a significant milestone in 2024 with the acquisition of Northwest Parkway, VINCI Highways’ first traffic-risk concession in the country) and in Brazil (where we are ramping up our presence in road and air transport), but also in Europe. Growth also involves continuously bringing in new employees and supporting their development within the Group.

VINCI Concessions now has 30,000 employees worldwide within its managed scope. We want to nurture these individuals, train them, identify and retain high potentials, keep increasing the proportion of women in our teams and promote diversity. I firmly believe that we wouldn’t be a recognised global leader today if we didn’t have the best, most competent and most committed teams.