Capital Markets Day dedicated to Cobra IS “Strategic booster to VINCI”
12 Dezember 2023 - 8:00AM
Capital Markets Day dedicated to Cobra IS “Strategic booster to
VINCI”
Nanterre, 12 December 2023
Capital Markets Day dedicated to Cobra
IS“Strategic booster to VINCI”
- VINCI’s business model strengthened
by the contribution of Cobra IS and its exposure to environmental
and digital megatrends
- Energy services and projects1: in
2025, revenue of at least €7.5 billion and operating margin2 of at
least 7.5%
- Renewable energy asset portfolio:
total capacity (in operation or under construction) of around 5 GW
in 2025 and over 12 GW in 2030
VINCI is today holding a Capital Markets Day in
Madrid – also accessible via a live webcast on its website
(www.vinci.com) – dedicated to its Spanish subsidiary
Cobra IS.
The aim is to give the financial community a
detailed presentation of Cobra IS’ business activities. In
particular, the following topics will be addressed: Cobra IS’
organisation and culture, its main areas of expertise and
geographical locations3 – which complement those of VINCI’s other
businesses – as well as its strategy.
With a wide array of flow business activities
and an acknowledged expertise in complex EPC4 projects,
Cobra IS has an excellent position in markets driven by the
environmental and digital transitions. Supported by a healthy and
record-high order book, Cobra IS forecasts:
- revenue of at least €7.5 billion1
in 2025, equating to average growth of around 11% per year since
2022;
- operating margin2 of at least 7.5%1
in 2024 and 2025, among the industry best-in-class.
During the Capital Markets Day, there will be a
focus on Cobra IS’ potential for developing new renewable energy
production assets. With its long-standing expertise and a large
pipeline of opportunities, Cobra IS plans to add 1.5 GW of capacity
per year on average, representing annual investment of around
€1 billion based on current market conditions. As a result,
Cobra IS expects to have a total capacity in operation or under
construction of:
- Around 5 GW in 2025 (vs 2 GW at the
end of 2023), with solar power plants accounting for 90%5 and
onshore wind farms for 10%5. In geographical terms5, the main
contributors in 2025 will be Brazil (35% of the portfolio), Spain
(25%), the United States (15%) and Australia (10%) based on current
forecasts.
- Over 12 GW in 2030.
The VINCI Group’s financial strength will
support Cobra IS in pursuing this new development and managing its
growth in the long run.
The acquisition of Cobra IS accelerated VINCI’s
strategy, aiming at:
- creating a leading global player in
engineering, works and services focused on the energy sector;
- developing renewable energy assets
to broaden and diversify its portfolio of long-term assets and
extend its average maturity.
Less than two years since its completion, Cobra
IS’ integration within the VINCI Group has proved to be
exceptionally successful, at a time when energy challenges are
becoming increasingly important worldwide. Culture is a key factor
in the success of any acquisition, and VINCI and Cobra IS are a
good cultural fit since they both have decentralised organisations,
strong local roots, companies that operate autonomously but also as
part of a network, and a focus on people and managerial
excellence.
The VINCI Group now operates across the whole
energy value chain, and its development potential has never been so
important. Its “concessions – energy – construction” business model
is particularly well suited to the current challenges society is
facing, i.e. the environmental transition, energy efficiency,
digital revolution, and new sustainable mobility and communication
requirements.
The Capital Markets Day presentation is
available on the VINCI website: www.vinci.com
About VINCIVINCI is a global player in
concessions, energy and construction, employing 272,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
1 Excluding contribution of renewable energy
assets in operation. Revenue of €6.1 billion and operating margin
of 7.4% in the 12 months to end-September 2023.2 Operating income
from ordinary activities (Ebit) / revenue.3 Operations in more than
60 countries. Key geographical markets: Spain, Portugal and Latin
America. 4 Engineering, Procurement and Construction.5 Current
Group estimates.
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_CMD Cobra IS_20231212_EN
Vinci (BIT:DG)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Vinci (BIT:DG)
Historical Stock Chart
Von Mai 2023 bis Mai 2024