Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. Precisamos de 20.000 apoios para que a ideia se transforme em lei. This very unusual year translated into a mixed set of numbers. And then, of course, you also remember that, in 2020, we have decided to more consolidation where it makes strategic and financial sense, as it was mentioned earlier. Thank you very much, Judith. Its coal exits. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. They represent a key long-term growth engine for the group. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. https://lnkd.in/ea25krWt janvier 2021 en qualit de Directrice Gnrale. All options considered for Engie's services business sale-CEO Elle y dirige des activits de forage au Congo, en Mer du Nord 3, aux tats-Unis, en Malaisie, au Royaume-Uni et en France 4. These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. Indeed, we had an increase a temporary increase in 2020 to 32.5%. And with that, Im pleased to hand you over to Catherine. And when we reflect about some of the trends around electrification, around the growth in renewables, we realize that flexibility, dispatchability are going to be very important to the future of the energetic mix. I would love to hear from you. I have one question for Judith and one for Catherine, please. The first is on the Supply business. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! university The renewables COI, could you break that down, if you dont mind, into the change in hydro versus wind and solar in the 2020 numbers? Check if your And what is your philosophy there? Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. This really has two reasons. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. We have ambitious goals to continue to simplify ENGIE at pace to play a key role in accelerating the energy transition and to focus on the long-term profitable growth of the group. So again, of course, I mean, it 2020 was heavily impacted. In France, we continued to invest into the gas smart meters rollout. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future. On 14th of January, I announced a new executive committee, and Im very pleased that Paulo, Edouard, Ccile and Sbastien have started their new business roles. One second, it will be over soon. Two questions from me. I'm looking forward to continuing to make a difference together. Within this guidance, we have included our current estimate of the potential impact. And if so, what quantity? Maybe I will start with your second question, which relates to the coal used in DHC. It mainly affects our renewables and supply activities. organisation Operationally in 2020, the group continuously evolved processes to tackle COVID, and we maintained high health and safety standards for both occupational and process safety. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. We expect financial performance to improve significantly from 2020 driven by a combination of strong recovery from COVID impacts, growth in renewables and international networks, improved nuclear availability and higher achieved price, and reversal of warm weather effects. Aged 48 and a graduate of cole Centrale Paris, Catherine MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. The 48-year-old MacGregor replaces Isabelle Kocher, who was ousted by the Engie board in February, ensuring that a woman maintains a place at the top table of a major European utility. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. A short stay for a rich experience and deep learning. Following which, as usual, well open the lines for Q&A. Now the 2021 guidance. I wish to thank Paulo Almirante, Judith Hartmann and Claire Waysand who will continue to serve as the interim management team until January 1st., I would like to thank the Board of Directors for the confidence it shows in me. Thank you. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Finally, on Client Solutions, we see a strong growth potential driven by decarbonization and energy efficiency, especially in heating and cooling networks, on-site generation, and green mobility among other asset-based solutions. Thank you, Sam, for your welcome message and your welcome question. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Holidays ? We have this 28 billion RAB, or regulated asset base, in France, which gives us this good visibility and predictability, which is a very nice complement to the renewable. So naturally, were landing more just below a 100 million figure for 2021. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Are you working on a new organizational format? The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. First of all, I think you are highlighting through your question the fact that we have, at ENGIE, significant tailwinds, tailwinds that some of our peers have enjoyed and we havent. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Revenue declined on a gross basis by approximately 900 million for the full year. Sure. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. The Board of Directors announces the appointment of Catherine MacGregor We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? We assume up to 100 million dilution effect at the COI level from approximately 2 billion disposals in addition to previously signed transactions. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. Simply log into Settings & Account and select "Cancel" on the right-hand side. No, absolutely. She has spent her entire professional career working in the energy sector. It honors and commits me. Our near-term priority in the region is to commission two major electricity transmission projects. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. We completed the SUEZ transaction in October and launched further strategic reviews. Solvay Alpharetta celebrates Black History Month. Watch th. And if you look at what we announced on January 14 is indeed a smaller executive team, less members. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. And Im really I am personally convinced, enthusiastic about the idea of having a very sharp focus on capital allocation making sure that all of our managerial efforts go in the direction that weve announced, and well be able to show very positive results. You will remember last year, we had close to 200 million, which was really driven by 2 things or 2019, sorry, we had roughly 200 million, 2 things. So its a huge project. These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. On the following slide, Ill share our 2021 expectations for each business line. - Play an important role in ensuring security of supply for France and Europe Her vision on ENGIEs transformation and development, her industrial and international track record as well as her leadership and managerial skills will fully contribute to the achievement of the strategic orientations announced at the end of July. So our main working scenario right now is that it wont happen. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. Its not like a 2020 event. We will then consider next steps and review future ownership options for the new entity in the second half, maximizing value and acting in the interest of all our stakeholders. And then the last thing I would want to mention, too, is on the positive side of this decision, is this will help us reallocate some earmarked, lets say, CapEx into, again, our growth opportunities in Renewables and in Networks. So when you will reinvest? Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. Areas of expertise ; The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. And then just another one on guidance. organisation Catherine MacGREGOR - Les Rencontres conomiques These headwinds were partly offset by a 700 million positive change in working capital requirements from energy management activities driven by dynamic management of margin calls in 2020 in a context of extreme volatility of commodity prices. 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I am very pleased that Jrme Stubler, who has more than 30 years' experience in the construction industry, joined us recently and will be leading this important project. In Networks, lower RAB remuneration rates in France should be offset by the reversal of 2020 warm temperatures as well as continued growth in Latin America. So there will be a capital gain on this. Here's a bit more, on climate change and from a few years ago, but still relevant. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. Catherine MacGregor Net Worth (2022) | wallmine Overall, these positive factors are expected to more than offset year-on-year negative evolutions. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. Pour viter se gchis financier avec l'argent des franais The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. Offshore wind is typically much longer. Overall, we currently estimate a potential net impact at the group COI and net recurring income group share level of between 80 million to 120 million. Il serait pertinent de se concentrer sur l'aprs nuclaire, So we feel very good about [indiscernible]. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. Thank you. Is it something that could be you realize value of and take advantage of low rates? Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. modifier - modifier le code - modifier Wikidata. Onshore wind can be 1.5 years. January 7, 2021. Son profil de spcialiste, sa connaissance des enjeux oprationnels et des mtiers de l'nergie, son exprience internationale sont autant d'atouts pour le groupe Premium access for businesses and educational institutions. We have also started to adopt the existing gas transport networks by commissioning three reverse flow installations in 2020, which allow biomethane to flow from the distribution grid to the gas storage units. And so we have assumed a very strong recovery like we have seen it in the second half. As always, my team and I are here to assist you, so do please reach out. Yes. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. Employee consultation on the proposed organization design started this month as planned, and we expect it to conclude by the end of the second quarter. For example, we significantly enhanced our renewables footprint in the U.S. Please disable your ad-blocker and refresh. Katherine MacGregor - Biography commentary and analysis you can trust. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. A quick word on the agenda for this morning. MacGregor will take the helm at Engie in January 2021, joining from TechnipFMC Group where she has spent just over a year as head of Technip Energies. Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. We use Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. Previous to these positions, she has worked 23 years at Schlumberger, the world's leading provider of reservoir characterization, drilling, production and processing technologies for the oil and gas industry. Dans intrt de la France, For cost savings, you can change your plan at any time online in the Settings & Account section. On quick one on numbers, on guidance. So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. Often, its actually a very small proportion of coal that is being used, but it is indeed the case that it is part of our feedstock. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. This is one of the largest renewable PPAs signed with an industrial group in Belgium and demonstrates the growing appetite for PPAs from a broader range of customers. ENGIE - Catherine MacGregor, Chief Executive Officer of ENGIE from 1 Engie names Catherine MacGregor as new CEO - Offshore Energy And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. Jusqu' l'arrive de Christel Heydemann la tte d'Orange en 2022, elle est la seule femme la tte d'une entreprise du CAC 40[7]. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. And maybe the last point, which is around performance culture, which I think can be improved within ENGIE, and here again, I can assess that the first reaction to this discussion within the company leads me to believe that we can make some inroads on that topic as well. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* On your two questions, 1 was on the tax rate. And thats really the key part of what we do. Its a geography refocus. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. In emerging markets, the importance of gas is driven not just by economic growth but also by reducing exposure to higher emitting sources such as coal. Catherine Fiamma MacGregor on LinkedIn: nergie : la consommation de Excellent example of circular economy ! This button displays the currently selected search type. With respect to the recent extreme weather events in Texas, we are assessing the situation. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. MacGregor will take the helm at Engie in January 2021, joining from TechnipFMC Group where she has spent just over a year as head of Technip Energies.
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