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Vocs conseguem nos apoiar? ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. 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. Current positions of Catherine MacGregor CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Let me know below My first reaction with the bonus: Wow great ! So two questions, please. More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. - Play an important role in ensuring security of supply for France and Europe or ENGIE SA (ENGIY) CEO Catherine MacGregor on Full Year - SeekingAlpha 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. Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. Because there was a time when that business was making around 600 million of COI. 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. It mainly affects our renewables and supply activities. However, our results were ahead of our expectations on both metrics, and this was driven by the fact that the second half confinements were lighter in our main markets and that we adapted our processes, contributing to improved activity levels. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. So when you will reinvest? Within this guidance, we have included our current estimate of the potential impact. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. We use Katherine MacGregor - Biography Then rapidly followed: "what am I gonna use that for ? Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. On the 100 million, quite frankly, there isnt any unusuals that you should assume. Il serait pertinent de se concentrer sur l'aprs nuclaire, We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. Before I say more on this, let me review the groups overall 2020 performance. personalising content and ads, providing social media features and to Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. 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 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. Holidays ? We continue to develop these activities, including through an acquisition of the worlds largest district cooling scheme in Dubai, allowing us to increase our DHC net installed capacity by 9%. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. Turning to our major focus areas starting with Renewables. Stepping back. Ow, nobetter ! From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. Watch th. 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. 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. It seems to be the trend last few questions. So hopefully, this helps. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. 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.. 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. Thats one thing. Long-term growth drivers for asset-light activities are also strong, underpinned by major international actions plans, such as the European green deal towards making the EUs economy sustainable. La situation en France depuis plus de 50 ans This is value neutral over time as D&A is integrated in the regulated revenue. You certainly have a lot of people out here who want you to be very successful. 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. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. Thank you Renata Spada for being yourself and authentic. 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. 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 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. On the following slide, Ill share our 2021 expectations for each business line. 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. Its a geography refocus. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. Select Accept to consent or Reject to decline non-essential cookies for this use. In France, we continued to invest into the gas smart meters rollout. university The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. 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. Non Madame So these are some of the things that we are excited about when we think about our network assets, and we like it. The current total coupon of 100 million per year has been reduced by 28% since 2017. So thats one aspect of it. Sign up for more in-depth articles and insights. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. Do you have a vision about taking this proportion of minorities down for the group? What is the identity of the Thermal business? We invested 4 billion of growth CapEx and successfully commissioned 3 gigawatt of wind and solar assets. 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. No, thank you. You can still enjoy your subscription until the end of your current billing period. Catherine MacGregor Net Worth (2022) | wallmine EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. I think on the question of network convergence between gas and power, I think were a bit obviously, different drivers behind this, one, which is the trend towards more electrification is something to stay. These negative effects were partially offset by the positive GFOM ruling in Brazil of approximately 165 million. And sorry, just a follow-up on the CapEx. Catherine Macgregor, Engie SA: Profile and Biography 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. It is important to say that our renewables growth ambition is not about entering a gigawatt race. 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. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. This is particularly noteworthy in the context of the unprecedented pandemic. She was in charge of the entitys IPO. 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. 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. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. 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. Hopefully you can also take this into account? Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. Thank you, Emmanuel, for your questions. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. In 2021, we already have hedged 80% of the production at 46. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. 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. Its coal exits. Judith, you want to answer the second question? Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. 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. And Ill turn to Judith maybe for the cash flow from Nuclear. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. MacGregor, an engineer . Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. But really appreciate, thanks again ! And I think, namely complexity is one thing. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. 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. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. Some others, there is still a good portion of assumption that there might be a stranded asset. 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. 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? 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. Problem: 40% of the hours of the month there is minimum wind and zero sun. We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. 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. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. On May 18, 2021, ENGIE's Chief Executive Officer Catherine MacGregor unveiled the Group's strategic roadmap, to reaffirm ENGIE as a leader in the energy transition. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. In Renewables, we expect growth from asset commissioning in the United States from higher achieved prices for French hydro and from the potential positive effect of the CNR concession extension. 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! 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. This has been a concern for the market. Let me now turn to our ESG performance. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. It will also require some infrastructure, maybe not with the same density at todays gas network. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. Its going to take us some time. In DHC networks, the worldwide market is expected to grow over 5% per year on average across the next nine the next five years. 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? I was very pleased to participate in the 9th Ministerial Meeting of the Southern Gas Corridor Advisory Council, and the 1st Ministerial Meeting of the Green Energy Advisory Council, held in #Azerbaijan last week. And Im going to pass it on to Judith now for the COI details on Renewables. Following which, as usual, well open the lines for Q&A. 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 . CEO Affiliation Engie Country France 2020 Rank 13 In her first year as CEO of the giant French power company, MacGregor, an oil and gas industry veteran, focused on simplifying the $63.5. CEO - Engie. 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 what is your philosophy there? COVID weighed particularly heavily on Client Solutions and on Supply. And the second one is very bad timing. So naturally, were landing more just below a 100 million figure for 2021. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. In other words, direct stable energy is needed these hours. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. Elle travaille pendant 23 ans chez Schlumberger. 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. A warm welcome as well to you, Catherine MacGregor. This decrease in total COI was mainly driven by a negative 1.2 billion COVID impact, a negative 300 million pressure from foreign exchange mainly due to the depreciation of the Brazilian real and a negative 160 million impact from French temperatures. 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. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. On the renewables COI for 2020 of about 1.1 billion, basically, you can assume that the main contributors were hydro and wind, hydro about 700 million of that and wind was the rest. Premium access for businesses and educational institutions. Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . So for my question, the first is on the asset rotation. So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? And Judith? We are assessing the situation, which mainly affects renewables and supply activities. 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? In terms of operational performance, I am pleased that the group made progress at pace despite the challenging backdrop. When we mentioned the 2 billion of additional disposal to drive simplification, the topics you know about, of course, the strategic reviews that we have announced. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. She occupied a number of roles in various geographies (Republic of Congo, the US, Malaysia, ): from Director of Business Entities (Wireline, Reservoir Characterization, Drilling, ) to Regional Division (Europe and Africa). You can read more about how we handle your information in our privacy policy. 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. With respect to the recent extreme weather events in Texas, we are assessing the situation. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. Altogether, these units can contribute to a yearly production of up to 3.9 terawatt hours, equating to the annual gas consumption for hitting approximately one million new build homes in France. And I think the way I want to say this is I think we know the broad plan now for the business, but I think its also important to look back at the last 5 years and understand why essentially the investment thesis has not delivered so far for shareholders. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. #Renewables: We have commissioned 2.5 GW of new #renewableenergy capacity since January and are on track to reach 4 GW by the end of the year. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. personalising content and ads, providing social media features and to 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. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. This button displays the currently selected search type. 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. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. https://noviocean.energy/documents/ Price is going up. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Premium access for businesses and educational institutions. 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? We have progressed on simplifying the group. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. So lots of enthusiasm around renewable. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? Let me now move to a detailed view per business line. Thank you, Sam, for this question. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. 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 lets now, indeed, look at our priorities for sustainable long-term value creation. With our strong local presence in key geographies and leading capabilities across the power generation value chain, including in energy management, which is a key for commercializing renewable energy, we are confident in our ability to drive long-term value creation from this renewables growth. 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. One second, it will be over soon. modifier - modifier le code - modifier Wikidata. 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. #beyou #beunique #beunited ENGIE Africa Overall, we have 100 cooling networks with a total installed capacity of 6.1 gigawatts and 300 heating networks of various sizes that distribute 19 terawatt hours yearly. currently to 4 GW p.a. Thank you. 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. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. 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 At the event, we were pleased to highlight how #Masdar is working with our partners in Azerbaijan to develop world-class clean energy projects like the 230 MW Garadagh Solar PV Plant, with further agreements to develop up to 10GW of clean energy capacity across #onshorewind, #offshorewind, #solar, and #greenhydrogen projects. Catherine MacGregor | 2020 Most Powerful Women International Two questions from me. I think thats clearly something the market will be expecting there. Regarding the organizational simplification, you mentioned complexity of the group. And given that theyre contracted, to maybe accelerate other areas of the business? These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Okay. Great post Catherine Fiamma MacGregor! On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. And Judith, you want to comment, please, on the impairment? Dans intrt de la France, Depending on opportunities, it could be this asset or another one. A short stay for a rich experience and deep learning. By Gwnalle Barzic and Geert De Clercq. But that brings me to my question actually. Please go ahead. Catherine MacGregor is currently Chief Executive Officer and Director at Engie - View - Engie org chart Create your alert to follow the career of Catherine MacGregor. You mentioned that you would also phase out coal in district heating. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. Ill start maybe with, again, the second one on renewables. Hydro had a strong increase organically but was down from a growth perspective because of the FX, of course, in the Brazilian real, and wind was an increase for the obvious reasons because we have been investing quite significantly in the past few years. I would love to hear from you. 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. But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? And so were excited about this transaction.