Investor Presentaiton

Concessions: 2010 Key figures VINCI → 2010 (in € millions) Concessions VINCI Autoroutes VINCI Concessions Revenue* 5,097 4,259 838 Cash flow from operations before cost of 3,197 2,929 268 financing and tax (EBITDA) % of revenue* 62.7% 68.8% 31.9% Operating profit from ordinary activities. 2,093 1,923 171 % of revenue* 41.1% 45.1% 20.4% Net profit attributable to owners of the parent 875 837 39 % of revenue* 17.2% 19.6% 4.6% Operating cash flow 1,797 1,635 162 Capex (851) (759) (92) Free cash Flow 946 Net financial debt (15,599) Debt/ EBITDA X4.9 X4.8 876 (13,965) (1,634) X6.1 70 * Excluding concession subsidiaries' construction works revenue (IFRIC 12) 37

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