And so were keeping 40%. 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 . Or does it have its own game plan? Catherine MacGregor est elle-mme mre de deux filles 2 . Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. For example, in addition to the Amazon contract that I mentioned earlier, ENGIE will supply 3 terawatt hours of renewable energy to the global chemicals group, INEOS, through a 10-year corporate PPA. Judith? The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. A key area of value creation from renewables is the ability to commercialize energy with new and innovative solutions for customers, and we have made great progress on this front. Its were rounding numbers here, as you can see, because like I said, this is our target. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. And this is something, obviously, that we are going to continue and push. 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? Iberdrola shares nearly doubled. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? A short stay for a rich experience and deep learning. So let me start then with your question on Thermal. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. We have this 28 billion RAB, or regulated asset base, in France, which gives us this good visibility and predictability, which is a very nice complement to the renewable. In France, we continued to invest into the gas smart meters rollout. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. How quickly can that new CapEx sort of translate into earnings? - Contribute to measures to support purchasing power A graduate of the Paris cole Centrale (CentraleSuplec), Catherine MacGregor has spent her entire professional career working in the energy sector, including 23 years with Schlumberger, the world's leading supplier of technologies for characterizing, drilling, producing and processing reservoirs for the oil and gas sector. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. We want to develop and further our differentiation. On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. Enel nearly tripled, Orsted quadrupled. Engie board set to appoint Catherine MacGregor as new CEO. Every Friday at a quarter past 10, the fire alarm. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. For cost savings, you can change your plan at any time online in the Settings & Account section. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. Were, in fact, very positive and excited about the opportunity of these businesses, very, very different from other more traditional mtier that we have in ENGIE, and the idea is really to form a very coherent entity, which Jrme Stubler is very busy doing right now. 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. So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. Yes. So when you will reinvest? Now Ill comment on the bridge from net recurring income group share to net income group share, which was negative 1.5 billion in 2020. Or is it your budget of the COI for these businesses in 2021? https://lnkd.in/ea25krWt 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. In that entity that we are forming, which is the object of the consultation weve talked about, there will be 34,000 roughly 74,000, sorry, 74,000 people. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. click here. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. No, absolutely. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. Thank you. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. Yes. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. La situation en France depuis plus de 50 ans janvier 2021 en qualit de Directrice Gnrale. You can store it. #mixedfeeling :D It honours and commits me. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. We had 1.2 billion total impact last year. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Have a nice day. 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. 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. I think, as you pointed out, theres been a little bit of a race to gigawatts. 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. Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. Its two and probably a little bit more early. Thank you, Sam, for your welcome message and your welcome question. Now this is mainly provided by fossils, the reason CO2 emissions are increasing since 2015, not decreasing. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Problem: 40% of the hours of the month there is minimum wind and zero sun. And I was very pleased to hear that you put simplification at the center of your new vision for the group. The first one regarding the network convergence. Please. We are investing in our strategic priorities for long-term value creation. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. 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. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. 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. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. Within this guidance, we have included our current estimate of the potential impact. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. 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? Congratulations to all of our employees on the well-deserved bonus. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. So its a huge project. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. And maybe more importantly, where do you see subsidiary in five years and what it could contribute to your P&L considering the potential growth of these assets? We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. Tax charges were 300 million lower mainly due to the decrease in profit. Our portfolio of wind and solar assets has an average age of five years with an average residual contract duration of 15 years, which offers us with good visibility of earnings. And so were excited about this transaction. 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. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. And so we will not give specific assets, of course, at any given time. 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.. We delivered for our customers while continuing to invest in major capital projects. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. 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. university Does this mean that Equans is now getting nothing? Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. You mentioned that you would also phase out coal in district heating. And Judith, you want to comment, please, on the impairment? You mentioned the COVID impact and how to think about it in 2021. Live from New York and. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. 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. You have, of course, in mind, that we have committed to fund our waste provision until 2025. 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. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. Thank you very much for your attention, and I would like to turn now the line back to the operator for the Q&A session. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. Okay. Next, a few words on the bridge from EBITDA to net recurring income group share. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. (Tech. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. 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. Judith, you want to start with the EVBox question? We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. So to summarize, ENGIE made progress at pace in 2020. Recharge is part of DN Media Group AS. 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. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. And so were confident to be able to invest in lots of opportunities that Catherine talked about. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. We assume up to 100 million dilution effect at the COI level from approximately 2 billion disposals in addition to previously signed transactions. I have a couple of questions, 1 for Catherine and 1 for Judith. You may change or cancel your subscription or trial at any time online. Previous to these positions, she has worked 23 years at Schlumberger, the world's leading provider of reservoir characterization, drilling, production and processing technologies for the oil and gas industry. And then the second question is more for Judith. And first question is for Catherine MacGregor. Thank you, Emmanuel, for your questions. There is a very, very strong will power within the team to do that. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. This was notably due to the discounting of liabilities related to hydro concessions in Brazil that are indexed to inflation and which increased significantly in 2020. Keep abreast of significant corporate, financial and political developments around the world. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. Excellent example of circular economy ! Even if you ten-double the installations of these sources, the 40% remains. 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. 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. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. So no impact there, of course, on G&A reduction and about 800 million of assets. I would like to pay tribute to their mobilization, which has enabled us to: Elle travaille pendant 23 ans chez Schlumberger. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. cookies or More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. Thank you very much, James, for your question. To read more about DN Media Group, But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? Maybe I will start with your second question, which relates to the coal used in DHC. A very fine, humane gesture that you promised your ENGIE colleagues. 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. 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. We invested 4 billion of growth CapEx and successfully commissioned 3 gigawatt of wind and solar assets. Depending on opportunities, it could be this asset or another one. Before I share my view on 2021, here are our 2020 financial highlights. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. Premium access for businesses and educational institutions. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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! Aarti Singhal - Director of Investor Relations. 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. So we really have some really nice differentiation that we want to use in order, for sure, to be competitive but without sacrificing the return. 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. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. MacGregor is poised to become the only woman leading a company in the CAC 40France's benchmark stock indexwhen she takes the reins at the utility Engie on Jan. 1. In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. 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. 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.
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