catherine macgregor engie bio catherine macgregor engie bio

In recognition of their outstanding contribution in this energy crisis, given the inflationary context and our financial performance, we have decided to award an extraordinary bonus of 1500 to all ENGIE employees worldwide. Its the first step. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. Euro erzielen. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. And as in the past, we will be very mindful of timing. So let me start then with your question on Thermal. You may change or cancel your subscription or trial at any time online. Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. And Judith, you want to comment, please, on the impairment? 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. Check if your That's where the "trim tab" comes in. Offshore wind is typically much longer. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. 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. This is particularly noteworthy in the context of the unprecedented pandemic. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. 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. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. And Judith will give you a little bit of the background and more details on the rest. Lower results from SUEZ also impacted Client Solutions COI by approximately 160 million. On the 100 million, quite frankly, there isnt any unusuals that you should assume. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. Every Friday at a quarter past 10, the fire alarm. Okay. 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. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. Yes. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Yes. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Our group remains committed to Belgium and to contributing to the countrys security of supply. This very unusual year translated into a mixed set of numbers. Compare Standard and Premium Digital here. She has spent her entire career in the energy sector. Live from New York and. 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. It is important to say that our renewables growth ambition is not about entering a gigawatt race. 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. To read more about DN Media Group, I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. #buckminsterfuller #trimtab #climatechange. The first one regarding the network convergence. Lets now move to our Supply, Nuclear and Other activities. Therefore our industry is [], ENGIE steps up its energy transition, targets renewables, MacGregor to supply RoRo equipment for K Lines LNG-powered newbuilds, Equinor and Engie press ahead with H2BE hydrogen project in Belgium, Engie names Catherine MacGregor as new CEO, MacGregor to supply all-electric RoRo equipment to H-Lines PCTCs, MacGregor to equip 4 more Hegh Autoliners multi-fuel PCTCs, In focus: Investments in oil, offshore wind hit a snag. 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. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. 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. We support credit card, debit card and PayPal payments. So we feel very good about [indiscernible]. She has spent her entire professional career working in the energy sector. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. - Accompany our customers in their decarbonization strategies to face the climate emergency Solvay Alpharetta celebrates Black History Month. organisation 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. So can you be a little bit more specific about where the extra CapEx is being spent this year and how youve been able to ramp it up so quickly? Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. Un article de Wikipdia, l'encyclopdie libre. 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. university Because there was a time when that business was making around 600 million of COI. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. 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. The biggest, of course, remains Renewables. 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? Depending on opportunities, it could be this asset or another one. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. We will now take our next question from Sam Arie with Union Bank of Switzerland. What are you looking at? Recharge is part of DN Media Group AS. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. COVID weighed particularly heavily on Client Solutions and on Supply. Is it something that you will tell us more about in May? I would like to pay tribute to their mobilization, which has enabled us to: Therefore, we do continue that we do think that gas will continue to play a very key role. And Im going to pass it on to Judith to comment maybe on the other questions. How quickly can that new CapEx sort of translate into earnings? In 2021, we already have hedged 80% of the production at 46. Tax charges were 300 million lower mainly due to the decrease in profit. By Gwnalle Barzic and Geert De Clercq. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. click here. An example of the latter is the continued rollout of smart meters, where we installed an additional two million smart meters in France last year. Select Accept to consent or Reject to decline non-essential cookies for this use. 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. These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. In 2020, most of our newly commissioned assets were onshore wind followed by solar. Turning to our major focus areas starting with Renewables. And hopefully, we can share more of that in May when we come back to you. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. 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. Now the guidance for 2021. 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. 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. Cheers! 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. And the second one is very bad timing. 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? Okay. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. We will now take our next question from Emmanuel Turpin with Societe Generale. Euro erzielen und am Vorhaben festhalten, jhrlich 65 . Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. We have strict criteria, and we will stick to them. Sure. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. 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. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. These negative effects were partially offset by the positive GFOM ruling in Brazil of approximately 165 million. You can see that on the recent months trading for renewable players. 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. We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. You can read more about how we handle your information in our privacy policy. Thank you, Sam, for your welcome message and your welcome question. 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. Today, I am very pleased to announce a commitment to exit all coal assets in Europe by 2025 and globally by 2027, in line with our purpose to drive carbon neutrality. However, our results were ahead of our expectations on both metrics, and this was driven by the fact that the second half confinements were lighter in our main markets and that we adapted our processes, contributing to improved activity levels. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. 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. So thats a positive. So hopefully, this helps. 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. French utility's new chief Catherine MacGregor to increase investment in renewables. And so every year, we will allocate capital to that, and thats 1.3 billion a year. 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. We had 1.2 billion total impact last year. La situation en France depuis plus de 50 ans Operator? [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . But is it bad? 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. Problem: 40% of the hours of the month there is minimum wind and zero sun. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. You may change or cancel your subscription or trial at any time online. We have a team of about 300 developers who are really good at what they do. And if you look at what we announced on January 14 is indeed a smaller executive team, less members. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. Thank you Renata Spada for being yourself and authentic. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. Net recurring income group share was in line with guidance but at the bottom end of the range. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. Is it something that could be you realize value of and take advantage of low rates? personalising content and ads, providing social media features and to Revenue declined on a gross basis by approximately 900 million for the full year. Find here the list of all the sessions presented by this speaker in order not to miss any of it. 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 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. 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. Yes. So again, of course, I mean, it 2020 was heavily impacted. And part of this feedstock sometimes continue to rely on coal. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. ), has announced that he will retire on 31 CGG announced today (March 2) the appointment of Jrme Serve as Group Chief Financial Officer. It honors and commits me. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. 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. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. 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. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. 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. offers FT membership to read for free. With respect to the recent extreme weather events in Texas, we are assessing the situation. So its a huge project. Now the markets are looking at the remaining energy services. 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, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). - Contribute to measures to support purchasing power Catherine MacGregor est elle-mme mre de deux filles[2]. 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. But really appreciate, thanks again ! Now the other aspect, of course, is that we are obviously and we have not talked too much about it yet, but the hydrogen opportunity for us is very, very material. Welcome to the sector, indeed. Read more about DN Media Group here. Weve proven that over and over again in very, very recent past. Keep abreast of significant corporate, financial and political developments around the world. And I think, namely complexity is one thing. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. You mentioned that you would also phase out coal in district heating. We continue to develop these activities, including through an acquisition of the worlds largest district cooling scheme in Dubai, allowing us to increase our DHC net installed capacity by 9%. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. But in short, we have big ambition, but we will be disciplined. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. On the other hand, we, obviously, want stability in a power system. So here, generally, the question, how do you think about the future of the gas networks? 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! Are you talking about Q3, Q4 for the end game? In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. Compare Standard and Premium Digital here. Together, let's continue to make a difference! Yes. Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. And thats really the key part of what we do. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? But we really want to focus on a return-based growth strategy. We are a media company, specifically facilitating the maritime and offshore industry. Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. It mainly affects our renewables and supply activities. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? We expect EBITDA to be in the 9.9 billion to 10.3 billion range, COI to be in the 5.2 billion to 5.6 billion range, and net recurring income group share to be in the 2.3 billion to 2.5 billion range. I have one question for Judith and one for Catherine, please. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. And we will now take our next question from Vincent Ayral with JPMorgan. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. What you would be looking for? Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. And second, its really focused and making sure that everybody pulls in the same direction. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. 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. What is the identity of the Thermal business? The first one is, following the impairment on Belgium Nuclear, could you indicate whether there will be any impact on depreciation and amortization going forward? In addition, the extension of fair value accounting to a European gas contract and its related assets also led to a net impairment of 500 million. So if we have opportunities, which, from an energy transition makes sense, because, for example, they would replace coal or even worst, fuel assets and bring a solution of flexibility to the system is something that we might consider. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. And we will now take a last question from Louis Boujard with ODDO. We also posted higher financial costs. And with that, Im pleased to hand you over to Catherine. Let me now focus on the evolution of net debt and on our leverage ratios. 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+. We are a smaller company than Engie normally would partner with. 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. She was in charge of the entitys IPO. 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.