Now its a little bit difficult for me to really be critical about the past. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. 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. Obviously, we have made the decision to exit the coal, which is run under Thermal. An example of the latter is the continued rollout of smart meters, where we installed an additional two million smart meters in France last year. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. 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! The second half showed a clear recovery with less stringent confinement measures but also with improved processes and protective equipment for our teams. That will put pressure on Ms MacGregor to make her mark . We currently have leadership positions in all of these activities, and recent successes include a 30-year contract signed in Monaco to design, build, own and operate a seawater heating and cooling network that will enhance energy efficiency. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. - Play an important role in ensuring security of supply for France and Europe Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. https://lnkd.in/ea25krWt Ses parents, d'origine corse et basque[1], sont professeurs. Now that makes me and that makes the team, obviously, extremely motivated and optimistic that we are going to get the benefit from these tailwinds because, as a team, we are extremely focused in making sure that we do outperform, and outperform our peers, outperform the market. If we basically look at simplification, we could cut it in two parts, what I would call transactional simplification, disposals buyout of minorities on maybe organizational simplification. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. Its, for sure, a large part of the investment case. As CEO, Catherine MacGregor will focus on defining and implementing the Group's strategic road map, in particular around the two priority areas announced in July 2020 by the Board of Directors: speeding up growth in renewable energies and energy infrastructure such as cooling and heating networks. By Gwnalle Barzic and Geert De Clercq. 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. To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. Jean-Pierre Clamadieu, Chairman of the Board of Directors, declared: On behalf of the Board and employees of the Group, I am pleased to welcome Catherine MacGregor and wish her full success in her missions. The Board has reaffirmed the groups dividend policy and proposed for 2020 a payout ratio of 75%, which is at the top end of the range. And so we have assumed a very strong recovery like we have seen it in the second half. We support credit card, debit card and PayPal payments. If so, do you have a view to what level? I look forward to continuing to work closely with our brothers in Azerbaijan, and our partners across Europe and around the world, to deliver on our shared clean energy ambitions. On the other hand, we, obviously, want stability in a power system. She was in charge of the entitys IPO. First, we recorded significant impairments mainly driven by the 2.9 billion nuclear impairment caused by the change in lifetime assumption for Belgian nuclear reactors as well as by changes in the commodity price scenario. Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. Yes. That's where the "trim tab" comes in. And its hard to know theres obviously been some pretty big changes in competitive dynamics over the last couple of years. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. On your two questions, 1 was on the tax rate. La situation en France depuis plus de 50 ans Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. And lets now, indeed, look at our priorities for sustainable long-term value creation. 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. 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. And then just another one on guidance. We are assessing the situation, which mainly affects renewables and supply activities. 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. fusion, When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. Offshore wind is typically much longer. Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . Its been a period in which the sector was exceptionally strong. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Ill start maybe with, again, the second one on renewables. And if so, what quantity? Okay. Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition. 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Its were rounding numbers here, as you can see, because like I said, this is our target. Today, I am very pleased to announce a commitment to exit all coal assets in Europe by 2025 and globally by 2027, in line with our purpose to drive carbon neutrality. One second, it will be over soon. Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. A particular region of international growth in Networks has been Latin America, where, in addition to gas, we are also building power transmission lines. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). Thank you Renata Spada for being yourself and authentic. on the development of flexible and resilient energy systems. Its, quite frankly, one of the big wins, I think, of last year when you think about it because both operationally to take this company to a level and multiply by almost 10 times their revenue over the last two years. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. currently to 4 GW p.a. We have a lot of experience over the years developed through our generation and thermal activity. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. Thank you, Sam, for this question. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Are you working on a new organizational format? Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. This is particularly noteworthy in the context of the unprecedented pandemic. So to summarize, ENGIE made progress at pace in 2020. Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. Pour les articles homonymes, voir MacGregor. And I think, namely complexity is one thing. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. We have some core competencies. For example, last year, 91 additional biomethane production units were connected to the French gas grids, and over 85% of these were connected to GRDF. Harnessing 35 years of expertise to power the future of Energy and Water with data-driven solutions. Its coal exits. 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? COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. Welcome to the sector, indeed. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Okay. Theyre going into similar areas with Networks is an important aspect. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. So the 150 million I gave is correct. Obviously, well give you more color on our ambition on renewables in May. And my second question will be more accounting related regarding EVBox. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. I have a couple of questions, 1 for Catherine and 1 for Judith. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. And to this end, Im very pleased to announce our next event on the 18th of May, where Judith and I will cover both our Q1 results and provide you with a medium-term strategic plan and guidance. Thats one thing. And part of this feedstock sometimes continue to rely on coal. In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. We have in the U.S. the largest development pipeline. We are a media company, specifically facilitating the maritime and offshore industry. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Lastly, COI for other activities decreased as 2019 benefited from a positive one-off related to partial sale of a gas supply contract, in 2020 was impacted by COVID mainly due to credit losses for GEM. We remain committed to a strong investment-grade credit rating and continue to target a ratio of below or equal to four times economic net debt to EBITDA over the long term. Onshore wind can be 1.5 years. , Dear Catherine, Name: Katherine MacGregor Birth Year: 1925 Birth date: January 12, 1925 Birth State: California Birth City: Glendale Birth Country: United States Gender: Female Best Known For: Katherine. Ladies and gentlemen, this concludes this conference call. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Iberdrola shares nearly doubled. So hopefully, this helps. However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. I would say that some of the things that were decided last year with these strategic orientations, I am very, very convinced that well address some of the shortfalls that can explain some of the ENGIEs underperformance in the past few years. This was really driven by mix of the results, changes in some tax laws, including in the UK, and we are expecting to go to a more normal level at the 25% kind of range in 2021. So if we have opportunities, which, from an energy transition makes sense, because, for example, they would replace coal or even worst, fuel assets and bring a solution of flexibility to the system is something that we might consider. We are a smaller company than Engie normally would partner with. CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. 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. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. I think there was another question, which was related to the calendar. And I suppose when we see you planning a CMD in May, I think lot of us are hoping that youll be able to do something similar at the May event. 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. In the past Ms. MacGregor held the position of President-Drilling Group at Schlumberger NV and Personnel Director at Oilfield Services Co. Ltd. Ms. MacGregor received an undergraduate degree from cole Centrale Paris. And I look forward to leveraging their strengths to deliver on a full agenda in such critical times for the energy industry and for ENGIE. But that brings me to my question actually. Pour viter se gchis financier avec l'argent des franais We use Significant growth is also expected in the use of renewable gases to accelerate the energy transition. We have progressed on simplifying the group. Elle travaille pendant 23 ans chez Schlumberger. You can update your choices at any time in your settings. We have a new business organization and leadership team who is focused on performance, and weve committed to executing our strategy to accelerating the group growth and to strengthening our commitment to the energy transition. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. But in short, we have big ambition, but we will be disciplined. Organically, these evolutions were slightly better. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. But now that we have officially become Equans for a few weeks, this message that all ENGIE employees worldwide will receive a bonus of 1500,- comes as a disappointment. And the second one is very bad timing. I think we are now about time, so I would like to thank you for your attention. Maybe some thoughts. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. Some of your peers there have convinced the market that they transitioned to hydrogen. In France, we continued to invest into the gas smart meters rollout. We invested 1.5 billion growth CapEx in 2020, mainly in Brazil, on power transmission lines and for the acquisition of the remaining 10% in TAG. Do you have a vision about taking this proportion of minorities down for the group? Its not like a 2020 event. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* Two questions from me. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. Price is going up. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. Energy Solutions: we won major contracts in district heating and cooling networks but also in #greenmobility, notably with 5600 charging points for electric vehicles in Belgium Lets now move to Thermal, which was impacted by scope and FX, notably, 90 million of disposals mainly in Thailand and close to 40 million negative FX impact. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. For a full comparison of Standard and Premium Digital, click here. And then on your DBSO question, what were expecting for 2021 is roughly in line with what we had in 2020, so just below 100 million. One is, of course, to participate in the future growth that we are projecting for this company; and second, of course, the close link into this space, which is a very important space for us. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. A key part of that strategy is its Ocean Winds joint venture with EDPR, which has set out its stall as a global leader in offshore wind. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French group's ambitious renewables and energy transition plans. What are you looking at? Before I share my view on 2021, here are our 2020 financial highlights. Engie has been riven in the past by fights between chairman and CEO and is a company where the board plays a big role in shaping strategy. Now the other aspect, of course, is that we are obviously and we have not talked too much about it yet, but the hydrogen opportunity for us is very, very material. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. Thank you, Catherine, and good morning, everybody. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. Our environment is changing. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. And maybe Ill just say a few things, and Ill pass on to Judith, just to say that the Client Solutions project is a big project. Let me now turn to our ESG performance. Welcome to the utilities world. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. 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. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. She occupied a number of roles within [] Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. And the answer is yes. Very yes, good question. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? Because there was a time when that business was making around 600 million of COI. Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. Were going to really focus on a few geographies. Nothing much more structural than that really, James, on supply improvement. Enel nearly tripled, Orsted quadrupled. So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. These positive effects were partly offset by lower volumes mainly due to a decrease in availability of our Belgian assets caused by the last planned LTO maintenance works on Doel 1, Doel 2 and Tihange 1. The first one is on strategy. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. Problem: 40% of the hours of the month there is minimum wind and zero sun. But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. Thank you very much, Judith. Yes. The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. And so were confident to be able to invest in lots of opportunities that Catherine talked about. university And as in the past, we will be very mindful of timing. You can store it. offers FT membership to read for free. Does this mean that Equans is now getting nothing? More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. 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. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. Within this guidance, we have included our current estimate of the potential impact. 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. Yes. The key here is really to give that business its own industrial project, its own identity. Non Madame Please. Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand. Stepping back. So in short obviously, its a topic we could talk for hours. Now the 2021 guidance. The first one regarding the network convergence. 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. CEO - Engie. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. You can read more about how we handle your information in our privacy policy. And so the amount will be much lower than what you have seen in 2020. I think the team has done, so far, a really nice job. Biography. Turning to an update on the strategic review of part of our Client Solutions business that was launched in the second half of last year. - Contribute to measures to support purchasing power Congratulations to all of our employees on the well-deserved bonus. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Vocs conseguem nos apoiar? Yes. cookies 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. Revenue declined on a gross basis by approximately 900 million for the full year. This was due to higher contributions from entities with minorities, which fully contributed at EBITDA and COI levels but only contributed at share at net recurring income group share level. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. From 2013 to 2016, she served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the group's drilling activity, based in London. I will try and stick to two questions, too.
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