Aprs avoir t auditionne par les cabinets de recrutement Korn Ferry et NB Lemercier & Associs, elle est nomme directrice gnrale d'Engie le 2 octobre 2020, avec entre en fonctions le 1er janvier 2021. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. We will now take the next question from Rob Pulleyn with Morgan Stanley. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. It will also require some infrastructure, maybe not with the same density at todays gas network. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. click here. We are a smaller company than Engie normally would partner with. This very unusual year translated into a mixed set of numbers. Thank you, Emmanuel, for your questions. I think these are really, really good questions. And it would be helpful if you could highlight for us any meaningful one-offs embedded in the 2020 results, whether positive or negative that we should bear in mind as we build our bridge to 2021? But the idea is that for the big production projects, we will give the Thermal people and the Thermal team, the responsibility to run those hydrogen production plans and projects because some of the skills are actually quite similar. So 25% of your business is in Thermal, and its an area that youre not particularly resting hugely behind if you look at the growth CapEx numbers. Do you have a vision about taking this proportion of minorities down for the group? We are experts in sourcing projects, in dealing with permitting, land ownership issues, financing, partnering, environmental assessment and all that good stuff as well as aspects of social acceptability, which is really important in the development of renewables as you know. 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So thats one aspect of it. So to summarize, ENGIE made progress at pace in 2020. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. Also on the same point, risking up or risking down in the future strategy, what is your view on how the risk profile for ENGIE should change going forward? 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. This is what I am committed to. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. Thats one thing. 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. Its the first step. The first one regarding the network convergence. And I just wanted maybe to clarify that the government has not explicitly made the decision. 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. Nothing much more structural than that really, James, on supply improvement. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. 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. And so were excited about this transaction. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. 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 on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Let me now move to a detailed view per business line. 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. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. 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 our thermal fleet has a very, very important role to play there. This has been a concern for the market. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. We support credit card, debit card and PayPal payments. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Elle travaille pendant 23 ans chez Schlumberger. 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. Our group remains committed to Belgium and to contributing to the countrys security of supply. Is it something that could be you realize value of and take advantage of low rates? currently to 4 GW p.a. We will now take our next question from Sam Arie with Union Bank of Switzerland. And side comment also on this is that our employees are obviously very excited about renewable as being a growth center of a growth engine for us in ENGIE, so as well as obviously being a key goal of our ESG road map. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. And one of the things to keep in mind, when you say how can you speed up is also that we have less sell downs in Renewables in 2021. Biography. And we will now take our next question from Ajay Patel with Goldman Sachs. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! And I was very pleased to hear that you put simplification at the center of your new vision for the group. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. Maybe some thoughts. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. Catherine will then come back and share our priorities. Therefore, we do continue that we do think that gas will continue to play a very key role. She has spent her entire professional career working in the energy sector. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Curious as to what my Linkedin connections think. And then, of course, now this partial sell down that were planning into a SPAC transaction. ENGIE thanks you for your participation. Obviously, we have made the decision to exit the coal, which is run under Thermal. Although we were in crisis management most of 2020, we did not lose focus on our long-term objectives and continued to invest for the future. So we feel very good about [indiscernible]. So all of the work that we started last year and that we are doing as part of this consultation is to bring these activities into a coherent entity, and this is really happening now with a commonality in terms of mtier, activity type, expertise, purpose and also industrial project. 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. https://noviocean.energy/documents/ And we will now take a last question from Louis Boujard with ODDO. We support credit card, debit card and PayPal payments. Un article de Wikipdia, l'encyclopdie libre. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. Ladies and gentlemen, this concludes this conference call. We announced last December that EVBox would be listed on the New York Stock Exchange. Engie board set to appoint Catherine MacGregor as new CEO. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. 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. And if so, what quantity? 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. MacGregor joins Engie as it embarks on a major push into renewables and clean energy. So no specific things to be taken into account. There is a very, very strong will power within the team to do that. Here's a bit more, on climate change and from a few years ago, but still relevant. 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. (Tech. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Premium access for businesses and educational institutions. Its been a period in which the sector was exceptionally strong. She has spent her entire professional career working in the energy sector. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. 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. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. 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. I would love to hear from you. So and then maybe Ill add that there is also, I think, a lot of things we can do and we are doing, and we will continue to do and even increase around industrialization, procurement, supply chain, of course, digital. university 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. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. And given that theyre contracted, to maybe accelerate other areas of the business? We see a huge potential for hydrogen, and we are already making significant progress in biomethane. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. And with that, Im pleased to hand you over to Catherine. For a full comparison of Standard and Premium Digital, click here. modifier - modifier le code - modifier Wikidata. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. 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. 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. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. And sorry, just a follow-up on the CapEx. Her main mission was to prepare for the spin-off and IPO of Technip Energies, for which she put the energy transition at the heart of the strategy. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. 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? Judith, you want to start with the EVBox question? And how quickly do you think it can actually contribute to your earnings, please? All options for the sale of Equans, the newly-created services unit of French energy group Engie (ENGIE.PA), are being considered, including a possible listing, Chief Executive Catherine MacGregor . Estabelece ainda cotas 50+ proporcionais a populao para preenchimento de vagas no setor pblico. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. In the summer of 2019, she chose to pursue her career in the energy industry by joining the Executive Committee of the TechnipFMC Group to lead its onshore and offshore engineering and construction activities, Technip Energies. 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. We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. By Gwnalle Barzic and Geert De Clercq. Have a nice day. Judith? Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. We will run processes. And still on the asset rotation, this leaves you probably, I dont know, 12 billion of total proceeds, maybe overall when we put everything all together. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. 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. You have, of course, in mind, that we have committed to fund our waste provision until 2025. directrice gnrale d'un groupe industriel nergtique; 25 ans de services, Vincent Collen, David Barroux et Julie Chauveau, , Dcret du 31 dcembre 2020 portant promotion et nomination dans l'ordre national de la Lgion d'honneur, https://fr.wikipedia.org/w/index.php?title=Catherine_MacGregor&oldid=201657000, Portail:Biographie/Articles lis/Sciences, Portail:Biographie/Articles lis/Entreprises, licence Creative Commons attribution, partage dans les mmes conditions, comment citer les auteurs et mentionner la licence. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. French Networks had limited COVID impact also mainly on distributed gas volumes. 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. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. or In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. hosting the engineering activities. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Okay. 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. Comptences clefs . Great post Catherine Fiamma MacGregor! 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.. 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. analyse how our Sites are used. You can update your choices at any time in your settings. 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. Within this guidance, we have included our current estimate of the potential impact. For example, we signed several corporate PPAs with Amazon for a 650-megawatt global portfolio of wind and solar projects across the U.S., Italy and France. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. We will now take the next question from Meike Becker with Bernstein. Let me know below 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]. Catherine MacGregor a t dcrite positivement par d'anciens collaborateurs: des articles de presses rapportent des propos qui la dsignent comme une personne trs simple aux loisirs sans surprise (cinma ou scrabble)[1], directe, mthodique, tenace, trs oprationnelle[4], humble et courageuse[3], efficace, mais elle sait couter (Thierry Pilenko)[2]. For cost savings, you can change your plan at any time online in the Settings & Account section. We use 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. or This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. So maybe I will start with your last question, which is around the decision on nuclear. - Contribute to measures to support purchasing power 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. And Im going to pass it on to Judith now for the COI details on Renewables. Theyre going into similar areas with Networks is an important aspect. Regarding the organizational simplification, you mentioned complexity of the group. Hopefully you can also take this into account? #solvaylife #futureemployees #career #mockinterviews, Bringing some sun and fun to the Solvay Alpharetta site in February, employees and friends enjoyed an Hawaiian themed luau complete with ukulele music from Jason Chung and Ryan Carey. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. The peer groups done very well. Check if your She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. COI decreased mainly driven by a 600 million impact from the pandemic. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. So firstly, theres step-up in CapEx in 2021 versus your sort of prior 10 billion 3-year plan. Its not like a 2020 event. Catherine MacGregor will join Engie as CEO. 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. 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. And Im going to pass it on to Judith to comment maybe on the other questions. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. 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. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. We have strict criteria, and we will stick to them. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. Stepping back. 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. Catherine MacGregor est elle-mme mre de deux filles 2 . 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. Yes. 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. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. 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]. 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 I'm looking forward to continuing to make a difference together. Yes, Judith, just to follow up on the Nuclear, can I just ask setting aside the provisions and the cash payments against those which we know about, can I just ask, do you anticipate any positive free cash flow from the nuclear fleet now in the rest of its life, I mean, if you just look at operating cash flow and essentially operating CapEx that youve got to put in? In recognition of their outstanding contribution in this energy crisis, given the inflationary context and our financial performance, we have decided to award an extraordinary bonus of 1500 to all ENGIE employees worldwide. 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 . No, thank you. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. En 2020, elle est pressentie pour diriger Technip Energies, une socit en cours de cration base Paris d'environ 12000personnes issue de la scission de TechnipFMC en deux entits spares.
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