VINCI AUTOROUTES A ROBUST BUSINESS MODEL SUPPORTING HEAVY INVESTMENTS

Transcription

1 VINCI AUTOROUTES A ROBUST BUSINESS MODEL SUPPORTING HEAVY INVESTMENTS BOLSTERED BY ITS SOUND PERFORMANCE, VINCI AUTOROUTES HAS CONTINUED INVESTING SIGNIFICANTLY IN THE MODERNISATION OF ITS NETWORKS AND DEVELOPMENT OF ITS SERVICE POLICY. CONCESSIONS 40 VINCI ANNUAL REPORT

2 TRAFFIC (IN MILLIONS OF KILOMETRES TRAVELLED) / CHANGE ON AN ACTUAL NETWORK BASIS ASF 29, % Escota 6, % Cofiroute 11, % Arcour % Total 47, % REVENUE (1) (in m) EBITDA (2) (in m and as a % of revenue (1) ) OPERATING INCOME FROM ORDINARY ACTIVITIES (in m and as a % of revenue (1) ) NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT (in m and as a % of revenue (1) ) NET FINANCIAL DEBT (3) (in m) 4,596 4,755 3,231 3,390 2,031 2, ,387 16, % 71.3% 44.2% 45.2% 17.4% 19.3% REVENUE (1) BY NETWORK (in m and as a percentage) VINCI AUTOROUTES COMPETITIVE POSITION Motorway networks under concession in Europe (in km) (4) ASF 2,724 57% Cofiroute 1,284 27% Escota % Arcour 48 1% VINCI Autoroutes Abertis Atlantia 4,386 3,273 2,974 Eiffage 2,440 Brisa 1,389 Ferrovial 1,052 (1) Excluding concession subsidiaries works revenue. (2) Cash flow from operations before tax and financing costs. (3) At 31 December. (4) Source: internal studies, company literature; controlled company networks. VINCI ANNUAL REPORT 41

3 ASF GROUP (ASF and Escota) (in m and as a % of revenue (*) ) COFIROUTE (in m and as a % of revenue (*) ) REVENUE (*) EBITDA (**) NET FINANCIAL DEBT (***) REVENUE (*) EBITDA (**) NET FINANCIAL DEBT (***) 3,308 3,420 2,316 2,428 10,938 10,752 1,241 1, ,857 2, % 71.0% 71.4% 72.2% CONCESSIONS VINCI AUTOROUTES (*) Excluding concession subsidiaries works revenue. (**) Cash flow from operations before tax and financing costs. (***) At 31 December. VINCI S MOTORWAY CONCESSIONS IN FRANCE ASF COFIROUTE ESCOTA ARCOUR La Roche sur Yon Nantes A83 A11 A86 Duplex Alençon Tunnel Laval A28 A81 A11 Le Mans A10 A11 A28 Orléans A87 A85 Angers A10 A10 Poitiers Tours A10 A85 A71 A19 Paris Bourges Rochefort A837 Niort Clermont Ferrand A89 Saintes A10 A89 A89 Brive la Gaillarde Lyon A72 A46 Saint Étienne Bordeaux A62 A20 A7 Gap A63 A641 Biarritz Pau A645 Montauban A64 Toulouse A68 A680 A61 A66 Narbonne Puymorens Tunnel A9 A9 A75 Nîmes A9 A54 Orange A7 A8 A52 A50 A51 Aix en Provence A57 Toulon Menton A8 A500 Nice Monaco 42 VINCI ANNUAL REPORT

4 ECONOMIC AND FINANCIAL DATA TRAFFIC AND REVENUE Following the contraction recorded in 2012, traffic on the VINCI Autoroutes network embarked on an upward trend during the second quarter of and continued to increase in. Traffic on the intercity network was up 2.1% overall, with 2.2% growth in light vehicles and 1.7% in heavy vehicles. Heavy-vehicle traffic, which tends to mirror major economic indicators, returned in to the level recorded 10 years earlier following strong declines unprecedented in the history of the French motorway network during the period VINCI Autoroutes revenue grew 3.5% to 4,755 million. This increase reflects traffic growth, the ramp-up of recently commissioned infrastructure (A86 Duplex, A89 Lyon Balbigny) and higher tolls applied from 1 February in accordance with the contractual pricing laws. OPERATING INCOME Operating income from ordinary activities (Ebit) amounted to 2,149 million, up 5.8% 1 TRAFFIC GROWTH Between and, traffic on an actual network basis increased 2.1% on the intercity network. over a year, giving an Ebit margin of 45.2%. This improvement results mainly from productivity gains generated by harmonising the concession operators operating policies, rationalising their common investments and developing synergies between their networks. This convergence, along with toll automation, which now concerns virtually all transactions, involves substantial investment in the modernisation of toll plazas and the development of remote operation and remote assistance jobs. VINCI ANNUAL REPORT 43

5 CONCESSIONS VINCI AUTOROUTES INVESTMENT AND DEBT VINCI Autoroutes has invested a total of almost 9 billion since 2006, with around half that amount going to complementary projects included in concession contract master plans and the green motorway package. In, these investments amounted to 684 million and were devoted primarily to road widening and network upgrades included in the master plans (see Infrastructure). The amortisation expense connected with these investments represented 1,265 million for the year. Low interest rates and prudent debt management helped keep debt-servicing costs under control. A 10-year 600 million bond issue to refinance ASF s debt and lengthen its average maturity was successfully placed at the beginning of the year. The transaction was oversubscribed around four times, confirming the confidence investors have in the company s credit worthiness. ASF also carried out two 15-year private placements totalling 120 million during the first quarter of. At 31 December, the net debt of VINCI Autoroutes concession operators, including their holding companies, amounted to 16.8 billion. MOTORWAY STIMULUS PLAN Developed in, the motorway stimulus plan, which would come in addition to the investments already under way on the network, aims to modernise France s motorway infrastructure while helping to boost economic activity. The plan was initialled on 8 October by the ministry in charge of transport and by the relevant motorway companies; it was then notified to the European Commission on 19 May, which approved it on 28 October. The plan provides for participating motorway companies to invest a total of 3.2 billion over a 10-year period in exchange for an extension to their concession contracts. For VINCI Autoroutes, the investment amounts to 2 billion and will focus mainly on widening sections of the A9, A10, A61 and A63 motorways, as well as on environmental measures. It also provides for bringing the Toulon tunnels and adjacent sections of the A57 which are to be widened into Escota s concession contract. Lastly, the agreement stipulates that more than half the works contracts are to be awarded to companies not linked to the concession companies. Implementation depends on the outcome of discussions under way in the first quarter of 2015 between the government and concession companies to resolve the crisis in the sector triggered by the publication of a report by the country s competition authority in the fourth quarter of, the findings and recommendations of which are contested by the motorway sector. INFRASTRUCTURE ASF NETWORK A9 MONTPELLIER. Rerouting the A9 near Montpellier is the biggest motorway project currently under way in France. For ASF, it represents an investment of almost 800 million, and will generate over 3 million hours of work. In, the project employed almost 400 people from 300 companies, many of them SMEs. Illustrating a new generation of major periurban development works, the project aims to support the growth of Montpellier, France s eighth biggest city. It combines creating a new 12 km section of motorway to the south of the urban area the old section will be converted into an urban boulevard and widening the existing infrastructure over 13 km to the east and west of the area. By separating transit and local traffic, the new arrangement will help smooth traffic on one of Europe s most congested motorways (an average of 100,000 vehicles a day) while improving local service. The design and implementation of the changes were the subject of intense discussion with all stakeholders (see opposite). The new infrastructure is scheduled to open to traffic at the end of CARRIAGEWAY PROTECTION On the A8 between the Italian border and Nice, measures have been taken to prevent rocks from falling onto the carriageways. 44 VINCI ANNUAL REPORT

6 A9 MONTPELLIER CONSULTATION IS THE NAME OF THE GAME PHILIPPE SAUREL CHAIRMAN OF THE MONTPELLIER URBAN AREA AUTHORITY, MAYOR OF MONTPELLIER The project to split the A9 in two at Montpellier ramped up in. It had entered its operational phase in, following over 15 years of studies, public surveys and consultation. At its peak, in 2015, the project will employ around 1,000 people from 300 companies, many of them SMEs. Over the entire period of the project, around 500 people will be hired and trained locally under an agreement between VINCI Autoroutes and the public departments in charge of employment and social integration. As on all its projects, VINCI Autoroutes is applying its Sécurité 100% Chantiers worksite safety programme. Within the programme management team, safety coordinators are in charge of managing and checking that works companies are adhering to the rules set out in their contracts, in particular in terms of accident prevention management. Subcontracting has been restricted to one level to ensure that safety goals and messages are effectively taken on board by all participants. The project s environmental component has been managed jointly with nature conservation non-profits. One of these, Écologistes de l Euzière, accumulated 200 days of observing the natural environment over the project s entire footprint for two years in order to decide on the offsetting measures that will be implemented on the 60 hectares of garrigue and 10 hectares of wetlands. Throughout the term of the concession contract, environmental organisations will monitor protected species. The commitment to consultation encompasses relations with nearby residents, to whom the project was presented so as to answer all their questions. 1 Six liaison officers hired locally maintain constant contact with people living or working near the project. 2 The new infrastructure will reroute transit traffic on the A9 to the south of the urban area. A 25 KM PROJECT, INCLUDING A NEW 12 KM SECTION AND 13 KM TO BE WIDENED AND REDEVELOPED. We are currently developing our area sustainably and I am conscious that the work carried out upstream with VINCI Autoroutes helped to create a significant number of jobs. I know the efforts that went into fostering local employment and targeting people eligible for back-to-work contracts. I also appreciate the approach that consists of keeping the general public informed about the project s progress via a regularly updated website and a news letter. France s biggest motorway project really merited all that. 1 VIADUCT, 600 M LONG. 60 STANDARD AND HYDRAULIC ENGINEERING STRUCTURES, RELOCATION OF 138 UTILITY NETWORKS, 15,000 M OF NOISE BARRIERS, 2 NEW TOLL PLAZAS. VINCI ANNUAL REPORT 45

7 CONCESSIONS VINCI AUTOROUTES 46 VINCI ANNUAL REPORT

8 A9 PERPIGNAN SPANISH BORDER. Smoothing traffic on the A9, a major trade route between France and Spain, is a particularly significant challenge. ASF has been carrying out widening works on the approach to the Spanish border since It brought a first widened section (Perpignan North Perpignan South, 14 km) into service in and, during the same year, initiated works on a second 17 km section between Perpignan South and Le Boulou. These include the construction of 28 engineering structures, 12 water retention ponds and 2,800 sq. metres of noise barriers. The project represents an investment of 120 million and will generate 450,000 hours of work. It should be completed by the end of A63. The southern section of the A63 motorway between Saint Geours de Maremne and Biriatou in south-west France is 66 km long. It is a very important artery from a regional, national and European viewpoint. After widening and redeveloping a first 18 km section between Ondres and Biarritz from 2009 to 2012, ASF started similar works in September on the 22 km section linking Biarritz and Biriatou, at the Spanish border. The winding route, hilly terrain and meshing with a dense secondary road network require the construction or reconstruction of numerous engineering structures. Alongside the widening works, ASF is improving sound protection for nearby residents through the construction of embankments over 10 km and noise barriers over 18 km, and protecting water resources through the creation of 20 water recovery and treatment ponds. The project should be completed by mid Studies are under way to widen the third section between Ondres and Saint Geours de Maremne as part of the motorway stimulus plan. PUYMORENS TUNNEL. VINCI Autoroutes continued to modernise this 5 km tunnel, which is located on the RN20 trunk road and is included in ASF s concession contract. The structure facilitates crossing the Pyrenees by providing an alternative to the Puymorens Pass (1,915 metres). The works are being executed in successive annual phases so that the tunnel can be opened each winter. Their main focus in was completion of the civil engineering for new emergency refuge areas and the evacuation tunnel. Other infrastructure projects on ASF s network included developing the Angers WORKS TO WIDEN THE A9 NEAR THE SPANISH BORDER ARE CONTINUING WITH A VIEW TO COMPLETION END ring road and doubling the capacity of trunk road RD9 (5 km) between the A89 and A20 motorways near Brive. The conversion of this trunk road into a 4.6 km motorway section marked the completion of the A89, the east-west artery enabling people to drive from Bordeaux to Lyon in 5 hours 15. This last section, located between the Saint Germain les Vergnes junction and Saint Pardoux l Ortigier, to the north of Brive, was officially opened by French President François Hollande on 7 February ASF has invested 6.3 billion in the construction of this 396 km motorway since being awarded the A89 concession contract in COFIROUTE NETWORK Investments in the Cofiroute network concerned mainly development works included in the company s master plan, in particular: widening 5 km of the A71 between the A85 and A20 junctions; widening 6 km of the A10 between the Chambray lès Tours toll plaza and the A85 junction near Tours South; deploying dynamic equipment to improve driver comfort and safety on the network: variable message signs, data collection stations to calculate journey times, and a too fast, too close system to raise driver awareness to the rules of prudence on the motorway; creating additional HGV parking spaces in rest and service areas as part of an overall 320-space programme, including the Tours-Val de Loire and Blois-Villerbon service areas. In addition, on the A11, two projects are being carried out in partnership with local authorities to create new junctions. The first is at Illiers Combray. To be brought into service in 2015, it is financed 50/50 by Cofiroute and the Eure et Loir Departmental Council. The other, at Connerré Beillé, is jointly financed by Cofiroute, the Pays de la Loire Regional Council and the Sarthe Departmental Council. ESCOTA NETWORK A8. To the west of Nice, works continued in to convert the A8 into a three-lane dual carriageway between the Nice- Promenade des Anglais and Nice-Saint Augustin junctions, and to reconfigure both junctions. Several other projects were launched or continued on the same motorway: construction of the new Borne Romaine 765 metre tunnel between the Nice East and La Turbie junctions; work to prevent the risk of rocks falling onto carriageways that cut through rocky mountains; and repair work following earth slides caused by heavy rain that affected the Var and Alpes-Maritimes departments during the year. In addition, after two years of consultation and studies, Escota started construction of four animal crossings on the A52 and A8, and participated in the commissioning of a 4,300 MWp solar farm near the A51, built in partnership with the town of Vitrolles. 1 WIDENING Works to convert the A8 motorway to three-lane dual carriageway between the Nice-Promenade des Anglais and Nice-Saint Augustin junctions. 2 FINAL SECTION Official opening of the final section of the A89, to the north of Brive, by the President of France on 7 February NETWORK INTERFACES The SEA HSL worksite follows part of the route of the A10 motorway and intersects with the VINCI Autoroutes network at 24 points near Bordeaux and between Tours and Poitiers. VINCI ANNUAL REPORT 47

9 1 GREEN HERITAGE VINCI Autoroutes maintains almost 20,000 hectares of green spaces included in the indirect landtake of its networks. VINCI AUTOROUTES HIGH-SPEED RAIL LINE INTERFACES The future South Europe Atlantic Tours Bordeaux high-speed rail line (SEA HSL) follows part of the A10 route and intersects with the VINCI Autoroutes network at 24 points near Bordeaux and between Tours and Poitiers. Significant works, almost completed at the end of, continued with no interruption to motorway traffic. These included the construction of six engineering structures above and below the motorway, and relocating or redeveloping six motorway service areas. Similar works have been carried out at 10 points where the future Bretagne-Pays de la Loire HSL intersects with VINCI Autoroutes network (A11, A28 and A81), including the construction of five bridges and a cut-and-cover tunnel. 2-4 THE COLOUR OF SERVICE Maintenance and safety employees wearing yellow clothing are ready to intervene 24/7/ COORDINATION AND INFORMATION A total of 367 employees, i.e. more than 5% of the workforce, coordinate operations and the transmission of information. CONCESSIONS NETWORK MAINTENANCE Most of the maintenance projects carried out each year concern resurfacing the wearing course, structural reinforcement of pavements and ensuring the sustainability of engineering structures, as well as upgrading and maintaining tunnels. VINCI Autoroutes has teams specially trained in asset management. They draw on a rigorous inspection methodology and sophisticated tools, such as laser measurement of pavement condition, which enable them to improve maintenance operations and keep the infrastructure in optimal operating and safety condition. In addition to investments made, VINCI Autoroutes devoted 81 million in to the routine maintenance of its motorway assets, which total 8,705 km of pavement, 6,702 engineering structures, 38 km of cut-and-cover and other tunnels, and 4,120 water retention and treatment ponds. 32 COMMITMENTS ARE SET OUT IN THE NEW SERVICE CONTRACT ROLLED OUT IN. VINCI Autoroutes also maintains almost 20,000 hectares of green spaces included in the indirect landtake of its networks, and protects biodiversity in collaboration with nature conservation and hunting non-profits. VINCI Autoroutes is ISO certified for all its activities (construction, maintenance and operation). WORKSITE SAFETY A very large number of projects of all sizes are carried out each year on VINCI Autoroutes network, mainly on motorways in service, under its responsibility as programme manager. Under the Sécurité 100% Chantiers worksite safety programme, deployed since 2012, all VINCI Autoroutes employees with programme management responsibilities are given special training. All the procedures governing cooperation with companies and subcontractors in charge of works on the network have been overhauled. Contracts include new clauses framing accident prevention management on worksites, along with penalties for non-compliance. Worksite safety figures have improved, confirming the relevance of this initiative. OPERATION MAINTENANCE AND SAFETY A total of 2,200 maintenance and safety employees provide continuous coverage of VINCI Autoroutes network. They are ready to intervene 24/7 all around the year giving assistance during breakdowns or accidents, removing objects that have fallen on the carriageway or installing traffic management areas. These employees, who wear yellow high-visibility clothing, are the most visible link in a chain of information and safety coordinated by command centres. The centres have 367 employees, which is more than 5% of the workforce. This human chain is backed by a high level of equipment, such as operation control systems, GPS tracking of vehicles in operation, cameras and counting loops all along the carriageway, and more. The system helps to control traffic, organise responses to incidents very rapidly and inform drivers via LED panels and Radio VINCI Autoroutes news flashes. 48 VINCI ANNUAL REPORT

10 This human and technical organisation is particularly important during the winter maintenance campaigns, when VINCI Autoroutes mobilises 400 special machines and relies on a network of 270 weather stations. SERVICE CONTRACT VINCI Autoroutes rolled out its new service contract across its entire network in. The contract extends, amplifies and clarifies the commitments made in its previous customer service charter. Drawn up following consultation with customers and VINCI Autoroutes employees, the service contract commits the company over and beyond its contractual obligations. It motivates all employees to meet a common objective: continuous improvement in the quality of customer service. The service contract is structured around seven themes covering all aspects of motorway service information, assistance, driving conditions, environment, rest and service areas, attentiveness and advice, and electronic toll collection and encompasses 32 commitments. The roll-out, which started in January, was accompanied by an overall and themed poster campaign, each successive poster highlighting one or several commitments. TOLL PLAZAS, JOBS AND SERVICES Motorway toll collection has changed radically over recent years, both for customers and people working in the sector. Almost 99% of toll transactions on VINCI Autoroutes networks are now automated, either by electronic toll collection (ETC) (47%) for regular customers, or by automated terminals (52%) for occasional customers. The popularity of ETC has been boosted by 30 km/h no-stop toll lanes, which offer benefits in terms of ease of use, smooth traffic, fuel economies and reductions in greenhouse gases. There were 247 lanes of this type in service at the end of at VINCI Autoroutes main toll plazas. To support this trend, VINCI Autoroutes is implementing a change programme that concerns toll equipment and infrastructure, service, and jobs. The company is, first of all, implementing a toll plaza modernisation plan that represents an investment of around 300 million and will concern 308 plazas between now and The infrastructure modernisation goes hand in hand with upgrading equipment and facilities (multi-purpose lanes, operation control cameras, pneumatic conveyors to transport cash within the plazas, etc.). At the same time, VINCI Autoroutes is developing remote assistance for drivers in the toll lanes, in application of one of its service contract commitments ( We commit to assisting you, by intercom or other means, in less than one minute at all of our toll lanes ). Working from one of the 22 remote operation centres that are scattered throughout France, almost 500 employees, all specially trained, fulfil that mission. This is one of the career path changes proposed to employees as the number of toll booth operators declines. Others include maintenance of toll plaza facilities and equipment, customer service and combating fraud. The latter has been the responsibility of almost 200 employees since the Grenelle 2 Law in France gave motorway concession companies access to data held on the national vehicle registration system so that they can send payment notices to offenders at their home address. Concerning electronic toll collection subscriptions, VINCI Autoroutes sold almost 406,000 new transponders (tags) during the year, half of which through the vinci-autoroutes.com website and the other half through the 50 customer service areas located on its network. At the end of the year, VINCI Autoroutes had a total of more than 2.2 million tags in service, representing 44% of all tags used in France and accounting for 51% of light vehicle ETC transactions. Subscribers can also use their tags to pay parking fees at some 300 parking facilities throughout France. CUSTOMER INFORMATION AND SERVICE RADIO VINCI AUTOROUTES accompanies listeners throughout their trips on the network. It is the benchmark for traffic information quality, the result of a joint effort by radio journalists and VINCI Autoroutes operational teams, who all share the same culture and have access to the same traffic monitoring tools and systems. Radio VINCI Autoroutes also seeks to showcase the regions served by the network, in particular through cultural partnerships, and to make motorway jobs and services better known by participating in events such as the French motor show. In compliance with one of the commitments in the radio s charter, To boost listeners safety awareness, it is a key means of getting out the accident prevention message of the VINCI Autoroutes Foundation for Responsible Driving. Radio VINCI Autoroutes also works with other concession companies, covering the A63 motorway (under the name Radio Atlandes Autoroute) and A65 motorway (Autoroute de Gascogne FM). VINCI ANNUAL REPORT 49

11 VINCI AUTOROUTES CONCESSIONS 3605 is VINCI Autoroutes customer service help line. It has some 100 employees working out of eight locations on the network, enabling customers to speak to a VINCI Autoroutes adviser 24/7 to ask about traffic and weather conditions, choose an itinerary or calculate the cost of a trip. The advisers answered 86,000 calls of this type in. The 3605 service also handles relations with the company s current or potential ETC subscribers. Advisers dealt with 395,000 calls on this subject during the year. Across all means of communication with customers ( s, social networks, letters, telephone calls), 1,045,373 contacts were recorded in. THE VINCI-AUTOROUTES.COM WEBSITE recorded almost 20% growth over a year, with an average of 400,000 visits a month in, giving a total of 16 million page views over the year. Designed to help customers prepare their trip, vinci-autoroutes.com is also a gateway to special-interest VINCI Autoroutes websites and spaces (ETC, Radio VINCI Autoroutes, the VINCI Autoroutes Foundation for Responsible Driving, Étapes Estivales weekends), as well as those relating to major roadworks projects such as rerouting the A9 at Montpellier and the redevelopment of the A63. A vinci-autoroutes.com app for all types of smartphone and tablet will be launched in REST AND SERVICE AREAS In its service contract, VINCI Autoroutes commits to providing customers with clean and welcoming rest and service areas. Having refurbished 70% of its rest areas between 2010 and, the company continued its service area upgrade programme in. By the end of 2015, this programme will cover 140 out of a total of 172 service areas. VINCI AUTOROUTES OPENED ITS 19TH CARPOOLER PARKING FACILITY AT MARMANDE, SOUTH-WEST FRANCE. The programme combines the introduction of high-street brands to meet customer expectations and the promotion of local products and services from the regions through which the motorway runs, as illustrated by the new Manoirs du Perche service area on the A11 motorway. New services are being offered in response to changing consumer behaviour. These include the first Leclerc drive-thru supermarket on the motorway at the Esterel area on the A8. In addition, VINCI Autoroutes organises numerous leisure events in its rest and service areas during holiday periods to encourage drivers to take regular breaks during their motorway trips. Some 1,400 employees participated in the Étapes Estivales day-long events, held during eight summer weekends in 37 rest and service areas located on the busiest parts of the motorway network. Similar events are organised during school holidays in February, early April, early November and late December, nurturing direct contact between motorway professionals and their customers. CARPOOLING VINCI Autoroutes opened a nineteenth parking facility for carpoolers in. Located at Marmande in south-west France, it was established in partnership with the Lot et Garonne Departmental Council and the Val de Garonne joint urban authority. At the end of, there were 1,524 parking spaces available to carpoolers in parking facilities near major urban areas. These had over 10,000 regular users, 90% of whom use carpooling for business trips and commuting over an average return trip of 246 km. Also at the end of, VINCI Autoroutes launched a special ETC offering for carpoolers in partnership with BlaBlaCar, a carpooling community website. INNOVATION The motorway is more than just transport infrastructure. It is a vector for the growth of new mobility services and uses, many of which are yet to be invented. The VINCI Autoroutes Lab was created at the end of to facilitate the emergence of such services. Its mission is to support innovative projects by helping them in the transition from idea to full-scale demonstrator on the motorway network. Applications developed to date include Panorama 360 (discovery of outstanding sites in augmented reality from rest and service areas) and Flashez-Décollez (aerial view of the surrounding area). There is also a programme to reward environment-friendly gestures, created in partnership with CitéGreen, which encourages drivers to avoid peak traffic hours when planning their journeys. In Bordeaux, the VINCI Autoroutes Lab organised an innovative digital services competition on the topic Optimising daily mobility. Following this hackathon, start-up Noor, which developed the Hello Ma Ville app (stimulating virtuous behaviour in favour of mobility), was given working space within the VINCI Autoroutes Lab acting as a business incubator. 50 VINCI ANNUAL REPORT

12 1 NEW-GENERATION REST AND SERVICE AREAS As illustrated by the one in Portes lès Valence, south-eastern France, VINCI Autoroutes new-generation service areas provide greater comfort and encourage people to take longer breaks from driving. 2 INNOVATION FROM THE VINCI AUTOROUTES LAB Available on rest and service area terminals, the Flashez-Décollez app gives people an aerial view of the surrounding area. 3 COMFORT AND RELAXATION Refurbished rest areas pictured here, the Lauragais area on the A61, combined with a marina encourage people to relax. 4 UNDERSTANDING AND COMBATING ROAD RISK Tests at the University of Strasbourg s Ci2N laboratory as part of the research programme on preventing inattentiveness conducted by the VINCI Autoroutes Foundation for Responsible Driving. THE VINCI AUTOROUTES FOUNDATION FOR RESPONSIBLE DRIVING The VINCI Autoroutes Foundation for Responsible Driving continued to pursue its missions in its three priority areas. The first concerns financing scientific studies and research aimed at increasing understanding of road risk. To that end, the Foundation supported two unprecedented scientific studies. The first was conducted by the Raymond Poincaré Hospital in Garches, part of the Greater Paris area public hospital system, and focused on HGV driver drowsiness (it revealed in particular that almost one-third of these drivers feared they may have an accident due to drowsiness); the other was carried out by Strasbourg University s Centre for Neurocognitive and Neurophysiological Investigation (Ci2N), and aimed at measuring the harmful consequences of telephone use on driver vigilance (between 30% and 50% loss of attention). The Foundation also published its fourth barometer on responsible driving, broadened in to include seven European Union countries and a sample of 7,000 drivers. The Foundation s second field of action consists of raising driver and general public awareness to road risks, particularly those related to drowsiness and loss of attention at the wheel. This action is aided by VINCI Autoroutes employees, who are ambassadors for responsible driving. Numerous operations were organised during the year: free coffee at night in service areas to top up driver vigilance ; siesta spaces at rest and service areas every weekend during the summer, encouraging drivers to take regular breaks from their trips; special rest areas for motorcyclists during the France Moto GP and 24-hour motorcycle race in Le Mans, etc. The Foundation also targets the general public, particularly young people, through Roulons-autrement.com. The website was created in partnership with Ferdinand, a non-profit organisation, and its founder, French actor and film-maker Patrick Chesnais. On it, Internet users can watch hundreds of awareness-raising films from all over the world. As part of this partnership, the Foundation supports the creation of films aimed at combating road risks, which helps foster an important solidarity chain among the different distribution channels. After the short film Ivresse, directed by Guillaume Canet and screened in almost 800 cinemas and on over 10 television channels, Le bon vivant, made by Éric Toledano and Olivier Nakache, was filmed in December. Aimed at alerting people aged between 18 and 25 in particular to the dangers of drink driving, it will be screened by the summer of The next film in this series, currently under preparation, will address the topic of inattentiveness at the wheel. The third field of action explored by the Foundation consists of supporting non-profit and civic initiatives in favour of responsible driving. To that end, working with the Fondation VINCI pour la Cité and the PSA Peugeot Citroën Foundation, it issued a call for low-cost mobility projects. This will enable non-profit organisations on the ground to benefit from financial backing (total budget: 600 million) and the sponsorship of VINCI and PSA employees. In response to the call for projects, 300 proposals were received and 31 selected. VINCI ANNUAL REPORT 51