1、HALF-YEAR FINANCIAL REPORTAT 30 JUNE 2024Management report for the first half of 2024 VINCI Half-year financial report at 30 June 2024 1 Management report for the first half of 2024 VINCI continued its growth trajectory in the first half of 2024,despite a high base for comparison.Remarkable increase

2、s were recorded in operating earnings and free cash flow despite the impact of the new tax on long-distance transport infrastructure operators in France,which almost exclusively targets motorway concession companies.In Concessions,VINCI Airports passenger numbers continued to rise at the vast majori

3、ty of its airports around the world,exceeding overall pre-Covid levels.VINCI Airports also posted operating earnings at a high level.The slight decrease in VINCI Autoroutes traffic levels was due to intermittent disruptions caused by social unrest.The Groups Energy business,consisting of VINCI Energ

4、ies and Cobra IS,maintained its strong momentum,driven by heavy demand relating to the energy transition and digital transformation.Those factors are also benefiting VINCI Construction,since an increasing proportion of its business is related to these underlying trends.As a result,all three business

5、es saw revenue increases and improved their operating margins.Order intake also rose significantly and the Groups order book hit a new record high.This gives VINCI good visibility on its future business levels and the peace of mind needed to advance its growth trajectory in the coming years while re

6、maining selective in taking on new business.As regards acquisitions,the first half of 2024 was a particularly busy period,with the completion of three significant transactions:VINCI Airports acquired a controlling 50.01%stake in Edinburgh airport and a 20%stake in Budapest airport,making it its oper