Cheers! 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]. She has spent her entire professional career working in the energy sector. Thank you very much, Judith. university Is this happening to you frequently? Even if you ten-double the installations of these sources, the 40% remains. Both include the construction of new substations and upgrades to existing substations and are expected to be commissioned in the second half of this year. https://noviocean.energy/documents/ When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. Yes. I would love to hear from you. Thats a good clarification. Catherine MacGregor - Chief . So thats one aspect of it. I would like to pay tribute to their mobilization, which has enabled us to: And how quickly do you think it can actually contribute to your earnings, please? #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. My first reaction with the bonus: Wow great ! Now the markets are looking at the remaining energy services. 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. 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. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. 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 also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. Vocs conseguem nos apoiar? ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. On the 100 million, quite frankly, there isnt any unusuals that you should assume. But is it bad? We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. Obviously, well give you more color on our ambition on renewables in May. 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. 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. So hopefully, this helps. And so were keeping 40%. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. Net recurring income group share was in line with guidance but at the bottom end of the range. Standard Digital includes access to a wealth of global news, analysis and expert opinion. And so were excited about this transaction. 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. Obviously, you did signal that youd be ramping up CapEx. We think, in general, gas is going to be important in this energy transition. commentary and analysis you can trust. 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? Simply log into Settings & Account and select "Cancel" on the right-hand side. So Ill ask two questions. On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. Offshore wind is typically much longer. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. CEO - Engie. And Im going to pass it on to Judith now for the COI details on Renewables. Catherine MacGregor est elle-mme mre de deux filles[2]. Following which, as usual, well open the lines for Q&A. 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. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. Is it something that you will tell us more about in May? 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. cookies Precisamos de 20.000 apoios para que a ideia se transforme em lei. 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. Yes, its hard to give any precise guidelines on that because, of course, it depends on the M&A and greenfield mix, and it depends on the type of projects that youre after. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. A quick word on the agenda for this morning. 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. 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. 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. And given that theyre contracted, to maybe accelerate other areas of the business? To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. And then your other question was related to the organization. Pay my electricity bill of next year. So its a huge project. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. 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. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. And so we will not give specific assets, of course, at any given time. You can update your choices at any time in your settings. We will run processes. Some of your peers there have convinced the market that they transitioned to hydrogen. https://lnkd.in/ea25krWt We have some core competencies. But time will tell. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. 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? 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. In other words, direct stable energy is needed these hours. And to this end, Im very pleased to announce our next event on the 18th of May, where Judith and I will cover both our Q1 results and provide you with a medium-term strategic plan and guidance. Congratulations to all of our employees on the well-deserved bonus. So let me start then with your question on Thermal. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. I think these are really, really good questions. Sure. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. And if you look at what we announced on January 14 is indeed a smaller executive team, less members. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. Premium access for businesses and educational institutions. 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? The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. As a leader in gas networks, we are playing a critical role in enabling an affordable and smooth energy transition, and we are promoting a progressive increase in the role of renewable gases. 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. If we look at the long term, weve got an average of 20% of minority as part of group net income with large minority stakes in Latam, for instance. Its were rounding numbers here, as you can see, because like I said, this is our target. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French group's ambitious renewables and energy transition plans. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. Ladies and gentlemen, this concludes this conference call. 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. 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 . 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. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. We also benefited from higher contributions of GTT thanks to a strong past order intake. I think the team has done, so far, a really nice job. And so our whole plan that weve announced today, and obviously, very pleased to have made this announcement today, includes for each of these networks solution to convert the coal to other source of feedstock. We use I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. 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. 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. Her vision on ENGIEs transformation and development, her industrial and international track record as well as her leadership and managerial skills will fully contribute to the achievement of the strategic orientations announced at the end of July. These negative effects were partially offset by the positive GFOM ruling in Brazil of approximately 165 million. And thank you, Catherine, too, for your answer, which I think we all appreciate, and we wish you with that, just final comment from my side, then Ill turn it over. 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. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. The key here is really to give that business its own industrial project, its own identity. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. Before I say more on this, let me review the groups overall 2020 performance. Iberdrola shares nearly doubled. 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. 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. The oldest executive at ENGIE SA is Francoise Malrieu, 73, who is the Independent Director. We think its important to have a system play on renewables. Select Accept to consent or Reject to decline non-essential cookies for this use. Our greenhouse gas emissions from power production reduced 9% to 68 million tons as the share of coal has further decreased in 2019. 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. And weve made some moves last year, and we will continue to do that. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. We want to develop and further our differentiation. Yes, two topics that you were talking about, Peter. personalising content and ads, providing social media features and to And so we have assumed a very strong recovery like we have seen it in the second half. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. Onshore wind can be 1.5 years. 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. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. Thank you Renata Spada for being yourself and authentic. Let me know below and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. Solvay Alpharetta celebrates Black History Month. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. Moving to Networks, which were resilient despite the pandemic. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. #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. Were going to really focus on a few geographies. So I think this is a key point Id be interested in. Or does it have its own game plan? Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. 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. We invested 1.5 billion growth CapEx in 2020, mainly in Brazil, on power transmission lines and for the acquisition of the remaining 10% in TAG. And first question is for Catherine MacGregor. Revenue declined on a gross basis by approximately 900 million for the full year. Catherine MacGregor est elle-mme mre de deux filles 2 . 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. 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. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. 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. COVID weighed particularly heavily on Client Solutions and on Supply. The final area of 2020 performance I would like to highlight is the groups continued progress in growing our renewable portfolio, which has grown significantly by 32% since the end of 2018. MacGregor, an engineer . Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. 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. Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. So when you will reinvest? And the second one, if I may ask, around Client Solutions. Okay. And Judith? And on gender diversity, we maintained 24% women in management of the group, and this must continue to be an area of focus for us in the coming years. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. 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). What is the identity of the Thermal business? So its a little bit of a total team, but we at this stage, that decision from the government hasnt been explicit. [Foreign Language]. And so we consider that these are going to be very important in the near term at least in order to maintain a power system that is both robust and affordable, which was some of the features that I described in my talk, as extremely, extremely important for this energy transition. Its not like a 2020 event. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. Yes. 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Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. So we feel very good about [indiscernible]. So for my question, the first is on the asset rotation. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. Watch th. And as in the past, we will be very mindful of timing. Are you working on a new organizational format? Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. And so every year, we will allocate capital to that, and thats 1.3 billion a year. It is important to say that our renewables growth ambition is not about entering a gigawatt race. A warm welcome as well to you, Catherine MacGregor. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. 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. Il serait pertinent de se concentrer sur l'aprs nuclaire, 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. You may now disconnect. 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. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! 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. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. Officer of ENGIE SA since . Aarti Singhal - Director of Investor Relations. And then the second one, its for Catherine. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company.