Investor Presentaiton

Improvement in operating margins VINCI → VINCI Autoroutes as % of revenue and in € millions EBITDA*/revenue: 68.3% vs 67.6% at H1 2010 Contracting Op. profit** /revenue: 3.7% vs 3.3% at H1 2010 1,403 1,333 Energy business line 223 149 67.6% 68.3% 5.2% 5.4% H1 10 H111 * Cash flow from operations before tax and cost of financing H1 10 H111 Eurovia (2) 36 -0.1% 0.9% H1 10 H111 Construction 283 258 4.2% 4.1% H1 10 H1 11 ** Operating profit from ordinary activities 62 62

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