Welcome to the utilities world. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? 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. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. 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 I was interested to get your philosophy about minorities. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. Yes. Yes. Its not like a 2020 event. Offshore wind is typically much longer. Aged 48 and an engineering graduate of cole Centrale Paris, Catherine MacGregor started her career at Schlumberger in 1995, where she spent 23 years in positions of international responsibility, notably as group HR director. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. You can still enjoy your subscription until the end of your current billing period. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. We expect financial performance to improve significantly from 2020 driven by a combination of strong recovery from COVID impacts, growth in renewables and international networks, improved nuclear availability and higher achieved price, and reversal of warm weather effects. Ladies and gentlemen, this concludes this conference call. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. on the development of flexible and resilient energy systems. The peer groups done very well. https://noviocean.energy/documents/ Premium access for businesses and educational institutions. 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. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. We also invested in #RenewableEnergy with the acquisition of 6 GW of solar and storage capacity projects in the US and signed an MOU to develop 3 GW of #wind power in Egypt. Thats really clear. So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. Please. cookies And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. From 2013 to 2016, she served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the group's drilling activity, based in London. Catherine, the floor is yours. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. So on EVBox, were very happy to have announced this transaction. One was the CapEx. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. 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. 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. A cycle, of course, could be 3, 4, 5 years depending on the country. Because there was a time when that business was making around 600 million of COI. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. Please disable your ad-blocker and refresh. We are investing in our strategic priorities for long-term value creation. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. We will run processes. We have a very nice digital platform to help us manage our assets better. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Aarti Singhal - Director of Investor Relations. Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. Ms MacGregor is 48, she's been the Chief Exec. Now the markets are looking at the remaining energy services. 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. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. Again, especially when it comes to replace when it replace coal. COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. Please go ahead. In 2020, most of our newly commissioned assets were onshore wind followed by solar. (Tech. So hopefully, this helps. 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. fusion, Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. The enshittification of apps is real. Nothing much more structural than that really, James, on supply improvement. 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. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. Were very pleased. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. Premium access for businesses and educational institutions. 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. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. Biography. 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. We also rapidly launched strategic reviews of businesses, including part of Client Solutions, GTT and ENGIE EPS. Is this happening to you frequently? 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. Depending on opportunities, it could be this asset or another one. 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. 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. Good morning, everyone. Let me know below She has spent her entire professional career working in the energy sector. and other data for a number of reasons, such as keeping FT Sites reliable and secure, "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." Good luck with the new role, Catherine. organisation I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. And so were keeping 40%. Watch th. 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. click here. Check if your Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. Its the first step. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. And so every year, we will allocate capital to that, and thats 1.3 billion a year. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. Very yes, good question. Dans intrt de la France, What you would be looking for? Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. As CEO, Catherine MacGregor will focus on defining and implementing the Group's strategic road map, in particular around the two priority areas announced in July 2020 by the Board of Directors: speeding up growth in renewable energies and energy infrastructure such as cooling and heating networks. Ill start maybe with, again, the second one on renewables. 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. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. 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. 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. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. 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. You can update your choices at any time in your settings. H2, So I was wondering whether you could share some thoughts on perhaps where you might be able to get back to perhaps over the medium term in that business? So in terms of creating an entity as part of our strategic review of Client Solutions, one of the things that is important to understand about this business is that it has grown within ENGIE as a series of acquisition and local development and so today, dont quite belong into a coherent entity and is not led as an independent or well-defined part of ENGIE. 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]. In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. And then the second question is more for Judith. We will make sure that we get the right price. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. And weve made some moves last year, and we will continue to do that. 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. MacGregor, an engineer . On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. And that will be something that we will be describing a bit more in details in May. You will remember last year, we had close to 200 million, which was really driven by 2 things or 2019, sorry, we had roughly 200 million, 2 things. 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. Here's a bit more, on climate change and from a few years ago, but still relevant. Catherine MacGregor est elle-mme mre de deux filles 2 . And we will now take our next question from Vincent Ayral with JPMorgan. French utility's new chief Catherine MacGregor to increase investment in renewables. 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. And then on your DBSO question, what were expecting for 2021 is roughly in line with what we had in 2020, so just below 100 million. And the answer is yes. We have strict criteria, and we will stick to them. 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. Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. Now its a little bit difficult for me to really be critical about the past. 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. Find here the list of all the sessions presented by this speaker in order not to miss any of it. Its a geography refocus. 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. 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. Lets now move to our Supply, Nuclear and Other activities. So its a huge project. Current positions of Catherine MacGregor 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+. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Engie board set to appoint Catherine MacGregor as new CEO. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. But the idea is that for the big production projects, we will give the Thermal people and the Thermal team, the responsibility to run those hydrogen production plans and projects because some of the skills are actually quite similar. Welcome to the sector, indeed. I would love to hear from you. This has been a concern for the market. So I thought, on this occasion, it would be great if you could take a few minutes just to share with us sort of your perspective on why the last few years have been so difficult for ENGIE, why the 2016 asset rotation plan didnt really deliver in the end and why the current asset rotation plan may be more successful. We will now take the next question from Meike Becker with Bernstein.

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