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Investor Presentaiton

Balanced generation and resilience of Net income and Free cash flow from both Concessions and Contracting Net income 1,776 1,591 1,596 817 779 848 (in € million) Free cash flow 2,276* 2,075 2,026 VINCI → 1,919 608 752 921 946 884 801 836 1,336 1,001 1,033 903 16 92 (110) 82 322** 322** 70 2008 2009 2010 2008 2009 published 2009 restated* 2010 Concessions Contracting * Restated: after change to IAS 31 method 'Interests in Joint Ventures' Holding cos & misc. ** Non recurring Items 8

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