She has spent her entire professional career working in the energy sector. 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. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. 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This higher tax rate included notably the adjustment of carrying value of some deferred tax assets and the one-off effect of the tax rate change in the UK. 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, the companys statement reads. analyse how our Sites are used. modifier - modifier le code - modifier Wikidata. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future/ Head of Core Laboratories US - Alpharetta Site Manager, Thanks to Solvay Alpharetta employees Michael O'Keeffe and Edna Carbajal for reaching out to students in Dawson county GA for their junior high school career fair and mock interview days. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. In 2021, we already have hedged 80% of the production at 46. So I think this is a key point Id be interested in. You can still enjoy your subscription until the end of your current billing period. Yes. We will run processes. And we will now take our next question from Ajay Patel with Goldman Sachs. You mentioned the COVID impact and how to think about it in 2021. 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? 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. And so we have assumed a very strong recovery like we have seen it in the second half. There is a very, very strong will power within the team to do that. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. fusion, The oldest executive at ENGIE SA is Francoise Malrieu, 73, who is the Independent Director. Premium access for businesses and educational institutions. It is important to say that our renewables growth ambition is not about entering a gigawatt race. https://waves-energy.co/maps/. Now that doesnt mean that we should not have discipline. We have also good fleet in Middle East and also Latin America. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). We think its important to have a system play on renewables. 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. The enshittification of apps is real. On the 100 million, quite frankly, there isnt any unusuals that you should assume. 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. Were very pleased. So thats one aspect of it. For a full comparison of Standard and Premium Digital, click here. So there will be a capital gain on this. 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. Other generators like Uniper and Fortum have been very strong as well. So in short obviously, its a topic we could talk for hours. But is it bad? on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. Okay. 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. Some others, there is still a good portion of assumption that there might be a stranded asset. 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. I will now hand you back to Catherine for our 2021 priorities. Maybe some thoughts. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. Thank you, Sam, for this question. 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. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. 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. Catherine, the floor is yours. 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. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. #mixedfeeling :D But on defining the structure, does that mean we have a disposal in Q3, Q4? or La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. And so the amount will be much lower than what you have seen 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. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. In terms of geography, we have a strong hold in Europe. 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. Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition. French utility's new chief Catherine MacGregor to increase investment in renewables. Ms MacGregor is 48, she's been the Chief Exec. But is it bad? So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. So in general, we have 31-gigawatt portfolio. 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. Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. 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. 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. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. 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. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. And when we reflect about some of the trends around electrification, around the growth in renewables, we realize that flexibility, dispatchability are going to be very important to the future of the energetic mix. The key here is really to give that business its own industrial project, its own identity. Biography [ edit] And I suppose when we see you planning a CMD in May, I think lot of us are hoping that youll be able to do something similar at the May event. Ses parents, d'origine corse et basque[1], sont professeurs. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand. And that will be something that we will be describing a bit more in details in May. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. 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. Sure. And its hard to know theres obviously been some pretty big changes in competitive dynamics over the last couple of years. The first one is on strategy. And Networks, given that we do, we continue to invest here in France into the RAB, you will see a relative quick turnaround into contribution. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. You can update your choices at any time in your settings. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. 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.. university I mentioned earlier two things actually. 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. This was mainly due to impairments, especially related to our nuclear reactors. And I just wanted maybe to clarify that the government has not explicitly made the decision. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. (Tech. 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. In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . What is the identity of the Thermal business? Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Revenue declined on a gross basis by approximately 900 million for the full year. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. Aarti Singhal - Director of Investor Relations. 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. How old is Ms MacGregor? Indeed, we had an increase a temporary increase in 2020 to 32.5%. Il serait pertinent de se concentrer sur l'aprs nuclaire, To read more about DN Media Group, More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. In Nuclear, following the announcements of the Belgian government in Q4 2020, it has been decided to stop all preparation works that would allow a 20-year extension of two units beyond 2025, as it seems unlikely that such an extension can take place given the technical and the regulatory constraints. Standard Digital includes access to a wealth of global news, analysis and expert opinion. On quick one on numbers, on guidance. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. 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. Premium access for businesses and educational institutions. 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. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. 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. 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We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line 2mo Glad to see all the progress. Areas of expertise ; 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. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. 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 will then come back and share our priorities. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. Let me know below 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! You certainly have a lot of people out here who want you to be very successful. or But we really want to focus on a return-based growth strategy. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. 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. And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. And in terms of the supply, were really expecting supply to recover mainly from less COVID impacts, also looking at the temperature, which will improve. I was wondering whether you could just remind us where youre still using coal in district heating and what the options are there, whether youre planning on investing and converting those units to cleaner fuels? Its been a period in which the sector was exceptionally strong. Enel nearly tripled, Orsted quadrupled. And yes, let me start by saying also welcome and wishing you success in the new role. And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. This is particularly noteworthy in the context of the unprecedented pandemic. So yes. 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. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. So the 150 million I gave is correct. We have a very nice digital platform to help us manage our assets better. How quickly can that new CapEx sort of translate into earnings? 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. Its, quite frankly, one of the big wins, I think, of last year when you think about it because both operationally to take this company to a level and multiply by almost 10 times their revenue over the last two years. We want to develop and further our differentiation. Very yes, good question. You may now disconnect. 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. Are you working on a new organizational format? Lets now move to Thermal, which was impacted by scope and FX, notably, 90 million of disposals mainly in Thailand and close to 40 million negative FX impact. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. cookies And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. 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. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. 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]. 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. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. In Networks, lower RAB remuneration rates in France should be offset by the reversal of 2020 warm temperatures as well as continued growth in Latin America. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. Keep abreast of significant corporate, financial and political developments around the world. Before I say more on this, let me review the groups overall 2020 performance. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. It seems to be the trend last few questions. And so were keeping 40%. Two questions from me. Estabelece ainda cotas 50+ proporcionais a populao para preenchimento de vagas no setor pblico. This really has two reasons. So its a huge project. COI decreased mainly driven by a 600 million impact from the pandemic. Welcome to the sector, indeed. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. 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. And with that, Im pleased to hand you over to Catherine. We announced last December that EVBox would be listed on the New York Stock Exchange. With respect to the recent extreme weather events in Texas, we are assessing the situation. 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. Obviously, well give you more color on our ambition on renewables in May. 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. It will also require some infrastructure, maybe not with the same density at todays gas network. This will mean a transition based on a combination of electrification and decarbonization of gas as well as on the development of flexible and resilient energy systems. And given that theyre contracted, to maybe accelerate other areas of the business? This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. Its not like a 2020 event. And what is your philosophy there? 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. Let me give you the 2020 COI highlights. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. 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. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Estabelecer as diretrizes legais e normativas para incentivar a contratao de pessoas com 50 anos ou mais nas organizaes privadas atravs da reduo de impostos sobre a folha destes empregados. https://lnkd.in/ea25krWt I'm looking forward to continuing to make a difference together. Next, a few words on the bridge from EBITDA to net recurring income group share. 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 . 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. She occupied a number of roles within [] And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. But time will tell. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. January 7, 2021. Catherine MacGregor est elle-mme mre de deux filles 2 . Is this happening to you frequently? In 2020, most of our newly commissioned assets were onshore wind followed by solar. A very fine, humane gesture that you promised your ENGIE colleagues. Our near-term priority in the region is to commission two major electricity transmission projects. And then, of course, now this partial sell down that were planning into a SPAC transaction. organisation Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, Euro erzielen und am Vorhaben festhalten, jhrlich 65 . Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Please disable your ad-blocker and refresh. What are you looking at? Obviously, we have made the decision to exit the coal, which is run under Thermal. Euro erzielen. 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. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. 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. Strategy: we have made progress in the execution of our plan to build a stronger and more unified Group, on the offensive to accelerate the energy transition. Now having said that, we are also very excited about transitioning our gas systems into renewable and by that, I mean, renewable gas. 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.
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