2025-2026 Engagement Report

Message from Nicolas Notebaert

“ The concession model provides regional and national authorities with a powerful tool for transformation. ”

NICOLAS NOTEBAERT Chief Executive Officer of Concessions at VINCIand President of VINCI Airports, VINCI Autoroutes and VINCI Stadium

HOW WOULD YOU DESCRIBE 2025?

2025 was an important year for VINCI Concessions, as all of the VINCI Group’s concessions operations were integrated into a single structure that designs, finances, builds, operates and maintains over 100 airports, highways and public-private partnership projects in 25 countries. Bringing these operations together has made it possible to pool expertise and strengthen a future-facing model. 2025 was also the year we became a global leader in a second area. We had already been the world’s leading private airport operator for several years, with over 70 airports in our portfolio. We became the world’s leading private highway operator, with over 8,200 kilometres of network.

HOW DOES THE CONCESSION MODEL HELP ADDRESS THE CHALLENGES OF OUR TIME?

National and local authorities face a two-fold challenge: they must invest in further developing mobility and also support the sector’s transition to a sustainable future. As highlighted by the Ambition France Transports consultation process led by the French Ministry for Transport in 2025, addressing this challenge will require considerable investment – both in France and elsewhere. As trusted partners, financers and responsible operators, we have strong expertise to support regions in meeting the expectations of citizens and users.