On your two questions, 1 was on the tax rate. Catherine MacGregor Net Worth (2022) | wallmine These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. It is a great source, among others, of motivation and satisfaction to continue the (so essential) low-caborn transition in an extremely challenging environment , | Financial Reporting |Taxation| Month, Year-end Closings |Corporate Accounting| Financial Statement Analysis| SAP Hana FICO |IFRS. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. In terms of operational performance, I am pleased that the group made progress at pace despite the challenging backdrop. Welcome to the utilities world. Thank you very much, Judith. Other generators like Uniper and Fortum have been very strong as well. Therefore, we do continue that we do think that gas will continue to play a very key role. Excellent example of circular economy ! We also benefited from higher contributions of GTT thanks to a strong past order intake. Although we were in crisis management most of 2020, we did not lose focus on our long-term objectives and continued to invest for the future. It seems to be the trend last few questions. 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. 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. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! We think its important to have a system play on renewables. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. I will now hand you back to Catherine for our 2021 priorities. offers FT membership to read for free. or We invested 4 billion of growth CapEx and successfully commissioned 3 gigawatt of wind and solar assets. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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? More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. Then potentially collaborate/partner with us for less than EUR 10 m in costs, together solving the crucially important 40% of the hours of the month. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. And finally, we also strengthened our position in the rapidly growing market of corporate PPAs with over 1.5 gigawatts of contracts signed in 2020. 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. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. Select Accept to consent or Reject to decline non-essential cookies for this use. 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 . 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. 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. Is it something that could be you realize value of and take advantage of low rates? When expanded it provides a list of search options that will switch the search inputs to match the current selection. And then the second one, its for Catherine. I guess, whats the kind of your average period of sort of non-productive capital work in progress? Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. The key here is really to give that business its own industrial project, its own identity. 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. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. 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. And then just another one on guidance. The issue of having mtiers and activities that are so different from each other and I think weve talked a little bit about the multi-technical services, as an example, that require a management focus, a capital allocation policy, a system and attention to every cent that you have to spend, which is not necessarily something that is ENGIE DNA. 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.. So its a little bit of a total team, but we at this stage, that decision from the government hasnt been explicit. Katherine MacGregor - Biography It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. Okay. 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. It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. And second, its really focused and making sure that everybody pulls in the same direction. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. The enshittification of apps is real. 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+. Together, let's continue to make a difference! So there will be a capital gain on this. Holidays ? Thank you, Sam, for this question. Euro erzielen und am Vorhaben festhalten, jhrlich 65 . So the 150 million I gave is correct. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. In other words, direct stable energy is needed these hours. But is it bad? analyse how our Sites are used. Yes. Catherine Fiamma MacGregor is an Influencer, https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future, https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. - Play an important role in ensuring security of supply for France and Europe As always, my team and I are here to assist you, so do please reach out. Now the guidance for 2021. And weve made some moves last year, and we will continue to do that. 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. Parit homme-femme au sein des directions gnrales encore loin du A quick word on the agenda for this morning. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. So here, generally, the question, how do you think about the future of the gas networks? How old is Ms MacGregor? So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. cookies 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. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. Yes. (Tech. We have in the U.S. the largest development pipeline. Its were rounding numbers here, as you can see, because like I said, this is our target. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. The peer groups done very well. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. Organically, these evolutions were slightly better. And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. We are a media company, specifically facilitating the maritime and offshore industry. 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. Ill start maybe with, again, the second one on renewables. So its a huge project. Judith, you want to start with the EVBox question? 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? You mentioned that you would also phase out coal in district heating. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Nothing much more structural than that really, James, on supply improvement. 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. So two questions, please. Thank you, Sam, for your welcome message and your welcome question. She has managed numerous complex industrial projects, both . And I look forward to leveraging their strengths to deliver on a full agenda in such critical times for the energy industry and for ENGIE. We will now take our next question from Sam Arie with Union Bank of Switzerland. 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. Its coal exits. And so every year, we will allocate capital to that, and thats 1.3 billion a year. We are assessing the situation, which mainly affects renewables and supply activities. Cheers! Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. janvier 2021 en qualit de Directrice Gnrale. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. We are investing in our strategic priorities for long-term value creation. 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. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. There are 25 older and 1 younger executives at ENGIE SA. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. We will now take the next question from Rob Pulleyn with Morgan Stanley. Elle a t leve au Maroc[1]. Because there was a time when that business was making around 600 million of COI. Catherine MacGregor: The winds of change - Leaders League Access to customer sites was much reduced during the strict lockdowns of the second quarter 2020, and we were not able to perform various services. Problem: 40% of the hours of the month there is minimum wind and zero sun. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. And then, of course, in terms of Thermal, we will be very opportunistic. 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. fusion, [indiscernible] Sam, for putting more pressure on us. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. For cost savings, you can change your plan at any time online in the Settings & Account section. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French groups ambitious renewables and energy transition plans. Or is it your budget of the COI for these businesses in 2021? And then the second question is more for Judith. #buckminsterfuller #trimtab #climatechange. 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 going to take us some time. Euro erzielen. ENGIE SA (ENGIY) CEO Catherine MacGregor on Full Year - SeekingAlpha 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.