And Networks, given that we do, we continue to invest here in France into the RAB, you will see a relative quick turnaround into contribution. Now the guidance for 2021. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. 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. Biography. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. Sure. ENGIE is a major player in the energy sector, and we are extremely well placed to tackle most of the challenges posed by this transition. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. Comptences clefs . All options considered for Engie's services business sale-CEO 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. My first reaction with the bonus: Wow great ! PDF CATHERINE MACGREGOR Directrice Gnrale - Engie Check if your You may change or cancel your subscription or trial at any time online. 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. And so were confident to be able to invest in lots of opportunities that Catherine talked about. Are you working on a new organizational format? Hosted by His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, my dear friend His Excellency Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, and Kadri Simson, EU Commissioner for Energy, this is an important forum for advancing Europes #cleanenergy ambitions. 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! EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. Premium access for businesses and educational institutions. Ladies and gentlemen, this concludes this conference call. 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. We also benefited from higher contributions of GTT thanks to a strong past order intake. Now its a little bit difficult for me to really be critical about the past. And we will now take our next question from Vincent Ayral with JPMorgan. Compare Standard and Premium Digital here. Katherine MacGregor (born Dorlee Deane McGregor; January 12, 1925 - November 13, 2018) was an American actress, best known for her role as Harriet Oleson in Little House on the Prairie. From November 1st DN Media Group is responsible for controlling your data on Recharge. All these strategic advances, which place our Group as a leader in the low-carbon transition, are the result of the exceptional commitment of all our teams! For example, we significantly enhanced our renewables footprint in the U.S. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. I'm looking forward to continuing to make a difference together. I think we are now about time, so I would like to thank you for your attention. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. Catherine MacGregor Net Worth (2022) | wallmine All information you need to have a pleasant time during the event. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. Now the 2021 guidance. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. The enshittification of apps is real. Find here the list of all the sessions presented by this speaker in order not to miss any of it. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Thank you, Sam, for your welcome message and your welcome question. Obviously, we have made the decision to exit the coal, which is run under Thermal. To this end, we expect to invest between 5.5 billion to 6 billion growth CapEx, with over 90% of this in renewables, networks and asset-based client solutions. Catherine MacGregor - Chief . Now turning to Networks. How old is Ms MacGregor? Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. So lots of enthusiasm around renewable. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. Catherine MacGregor est elle-mme mre de deux filles[2]. 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. We will now take the next question from Meike Becker with Bernstein. . I would like to pay tribute to their mobilization, which has enabled us to: And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. I think the team has done, so far, a really nice job. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. So Paulo, Ccile, Edouard and Sbastien will be obviously leading this organization effort, which I very, very much look forward to, indeed, seeing simplified over the coming months. Yes. 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. This has been a concern for the market. I want to take advantage also to clarify on a question that I was asked earlier on the nuclear impairments and the impact on D&A. I have proper control over all inventory department with the skill of my Minimum and Maximum stock levels, Gerente Industrial | Gesto de Operaes e Servios | Supply Chain | Engenheiro de Produo | leo e Gs | Suporte Tcnico | Produo | Gesto da Qualidade, Pessoal, eu criei esta Proposta de Ideia Legislativa no Senado Federal que se transformada em lei criar as Poltica Nacional de Incluso das Pessoas 50+. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. And then, of course, right after that, you have hydrogen. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. You can see that on the recent months trading for renewable players. Live from New York and. We have not seen prices like this in many years. Ms MacGregor, an engineer by training who was born and raised in Morocco, will start in the CEO job on 1 January 2021, taking over a company that has been roiled over the past few years by a. 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. And first question is for Catherine MacGregor. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, 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. Yes. And the answer is yes. 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. And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. 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. The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. 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 Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. and other data for a number of reasons, such as keeping FT Sites reliable and secure, For the first part of the transactions, you mentioned the first buyout of or rather the buyout of a part of your minorities in Latin America. analyse how our Sites are used. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. Again, especially when it comes to replace when it replace coal. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. Engie board set to appoint Catherine MacGregor as new CEO. Iberdrola shares nearly doubled. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Therefore, we do continue that we do think that gas will continue to play a very key role. currently to 4 GW p.a. In Thermal, we expect a COI decrease due to the normalization of a strong 2020 performance in Europe, which was supported by high spark spreads and ancillary contributions. And then, of course, now this partial sell down that were planning into a SPAC transaction. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. First, you will hear from our new CEO, Catherine MacGregor, on the highlights of 2020, followed by our CFO, Judith Hartmann, on our financial performance. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. In addition, the extension of fair value accounting to a European gas contract and its related assets also led to a net impairment of 500 million. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. This change led to an impairment, which Judith will cover shortly. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. Please. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ET, Aarti Singhal Director of Investor Relations, Catherine MacGregor Chief Executive Officer, Judith Hartmann Chief Financial Officer. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. We have also good fleet in Middle East and also Latin America. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. Then rapidly followed: "what am I gonna use that for ? #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class 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. Thank you very much, James, for your question. So without going into any specific, youre right to say that it does contribute to the simplification efforts. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Catherine MacGregor est elle-mme mre de deux filles 2 . And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. In this uncertain environment, ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance and we have stayed on track! 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. Engie boosts asset sales as it targets 'doing less stuff' And then the second question is more for Judith. I think thats clearly something the market will be expecting there. In France, we continued to invest into the gas smart meters rollout. The enshittification of apps is real. 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. (Tech. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. This very unusual year translated into a mixed set of numbers. Congratulations to all of our employees on the well-deserved bonus. Offshore wind is typically much longer. Enel nearly tripled, Orsted quadrupled. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. I have a couple of questions, 1 for Catherine and 1 for Judith. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. Yes, two topics that you were talking about, Peter. 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. I would like to take this opportunity to thank all ENGIE employees who have worked so hard to deliver critical services for our customers in unprecedented conditions. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. And Judith? Tout au long de cette priode, les quipes d'Elengy, Storengy - ENGIE, GRTgaz, GRDF Catherine Fiamma MacGregor on LinkedIn: nergie : la consommation de gaz a baiss de 6,2% en France en . La situation en France depuis plus de 50 ans Next, a few words on the bridge from EBITDA to net recurring income group share. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. 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. Access to customer sites was much reduced during the strict lockdowns of the second quarter 2020, and we were not able to perform various services. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? - Accompany our customers in their decarbonization strategies to face the climate emergency Its going to take us some time. So thats one aspect of it. offers FT membership to read for free. #beyou #beunique #beunited ENGIE Africa In other geographies, we benefited from commissioning new capacity in the United States and from higher wind production. But on defining the structure, does that mean we have a disposal in Q3, Q4? 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. So for my question, the first is on the asset rotation. 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. One second, it will be over soon. Every Friday at a quarter past 10, the fire alarm. Other generators like Uniper and Fortum have been very strong as well. Recharge is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. Un article de Wikipdia, l'encyclopdie libre. 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. And Ill turn to Judith maybe for the cash flow from Nuclear. Let me know below French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. Some of your peers there have convinced the market that they transitioned to hydrogen. Congratulations Engie. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. To Engie in my case. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). Yes. On the strength of our shared industry culture and my operational experience, I will work with all of our teams to achieve our goal of enabling ENGIE to accelerate the energy transition.. A warm welcome as well to you, Catherine MacGregor. Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. You can still enjoy your subscription until the end of your current billing period. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. 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. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? 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. This is what I am committed to. But in short, we have big ambition, but we will be disciplined. Obviously, you did signal that youd be ramping up CapEx. I would love to hear from you. 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. French utility's new chief Catherine MacGregor to increase investment in renewables. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? We have strict criteria, and we will stick to them. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). Elle travaille pendant 23 ans chez Schlumberger. or In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. 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. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. And if you look at what we announced on January 14 is indeed a smaller executive team, less members. What an insightful stay in India this week starting with a technical conference on #hydrogen #certification at #IndiaEnergyWeek then meetings with 7 industrial players developing hydrogen projects across #India. 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. From 2013 to 2016, she also served as president Europe & Africa at Schlumberger, before being promoted in 2017 to president of the drilling business, while based in London. This was mainly due to impairments, especially related to our nuclear reactors. I will try and stick to two questions, too. Welcome again to Catherine.