catherine macgregor engie bio

I will try and stick to two questions, too. modifier - modifier le code - modifier Wikidata. We completed the SUEZ transaction in October and launched further strategic reviews. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. Thank you very much, Aarti, and good morning, everyone. 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. They represent a key long-term growth engine for the group. Nothing much more structural than that really, James, on supply improvement. As always, my team and I are here to assist you, so do please reach out. Let me start with your second question, and then I will hand over to Judith, who will go through the details of the impairment impact, if you dont mind, Rob. Obviously, we have made the decision to exit the coal, which is run under Thermal. 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 do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Energy Solutions: we won major contracts in district heating and cooling networks but also in #greenmobility, notably with 5600 charging points for electric vehicles in Belgium Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Welcome to the utilities world. Lastly, COI for other activities decreased as 2019 benefited from a positive one-off related to partial sale of a gas supply contract, in 2020 was impacted by COVID mainly due to credit losses for GEM. And Judith will give you a little bit of the background and more details on the rest. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. All these strategic advances, which place our Group as a leader in the low-carbon transition, are the result of the exceptional commitment of all our teams! And Im going to pass it on to Judith now for the COI details on Renewables. We support credit card, debit card and PayPal payments. Il serait pertinent de se concentrer sur l'aprs nuclaire, We are a smaller company than Engie normally would partner with. 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. Its a geography refocus. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! This has been a concern for the market. I was happy to see so many enjoying each others company. It is important to say that our renewables growth ambition is not about entering a gigawatt race. This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. 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! Indeed, you can expect positive cash flow operation from our nuclear activities. MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. The first is on the Supply business. 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. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. 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 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. This was due to higher contributions from entities with minorities, which fully contributed at EBITDA and COI levels but only contributed at share at net recurring income group share level. 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. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Euro erzielen. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. And then, of course, now this partial sell down that were planning into a SPAC transaction. Judith? And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. Pour les articles homonymes, voir MacGregor. She occupied a number of roles within [] So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? We use 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. Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. We are investing in our strategic priorities for long-term value creation. We will now take our next question from Emmanuel Turpin with Societe Generale. 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. A key part of that strategy is its Ocean Winds joint venture with EDPR, which has set out its stall as a global leader in offshore wind. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. If we basically look at simplification, we could cut it in two parts, what I would call transactional simplification, disposals buyout of minorities on maybe organizational simplification. So that is roughly what you have to have in mind. On the 100 million, quite frankly, there isnt any unusuals that you should assume. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Elle a t leve au Maroc[1]. COI decreased mainly driven by a 600 million impact from the pandemic. Okay. Select Accept to consent or Reject to decline non-essential cookies for this use. Yes. And then just another one on guidance. Congratulations Engie. You mentioned diversity of vast diversity of business line, et cetera. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. Please. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. Pay my electricity bill of next year. The French group last year pledged to invest 12bn ($13.1bn) in its 2019-21 energy transition programme, and was on track to install 9GW of renewables in that period. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. Operationally in 2020, the group continuously evolved processes to tackle COVID, and we maintained high health and safety standards for both occupational and process safety. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. 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. Officer of ENGIE SA since . Thats really clear. The first one regarding the network convergence. We delivered for our customers while continuing to invest in major capital projects. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. She has managed numerous complex industrial projects, both . And we will now take our next question from Ajay Patel with Goldman Sachs. You may change or cancel your subscription or trial at any time online. ENGIE - Catherine MacGregor, Chief Executive Officer of ENGIE from 1 And the answer is yes. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Catherine MacGregor appointed new Engie CEO | Financial Times Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. French Networks had limited COVID impact also mainly on distributed gas volumes. Let me now move to a detailed view per business line. And I think, namely complexity is one thing. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. And if you look at what we announced on January 14 is indeed a smaller executive team, less members. 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. 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. We are assessing the situation, which mainly affects renewables and supply activities. And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Its the first step. (Tech. Depending on opportunities, it could be this asset or another one. 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. 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]. Stay informed and spot emerging risks and opportunities with independent global reporting, expert So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. You can read more about how we handle your information in our privacy policy. So maybe I will start with your last question, which is around the decision on nuclear. Non Madame Are you talking about Q3, Q4 for the end game? Good luck with the new role, Catherine. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. In terms of geography, we have a strong hold in Europe. But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. Organically, these evolutions were slightly better. It honours and commits me. But really appreciate, thanks again ! 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. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. Un article de Wikipdia, l'encyclopdie libre. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. Parit homme-femme au sein des directions gnrales encore loin du 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. And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. 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. Networks were mainly impacted by warm temperatures and by higher D&A. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. 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. Vocs conseguem nos apoiar? 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. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. 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 so every year, we will allocate capital to that, and thats 1.3 billion a year. janvier 2021 en qualit de Directrice Gnrale. 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 then your other question was related to the organization. The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. We invested 7.7 billion of CapEx in total. 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. Lower results from SUEZ also impacted Client Solutions COI by approximately 160 million. So Ill ask two questions. This is what I am committed to. One second, it will be over soon. So we feel very good about [indiscernible]. Catherine MacGregor est elle-mme mre de deux filles 2 . https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future/ We intend to retain a higher ownership of our renewables project where it is strategically and economically rational as we indicated in our strategic orientation. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. Ms MacGregor is 48, she's been the Chief Exec. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Engie boosts asset sales as it targets 'doing less stuff' Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . The second half showed a clear recovery with less stringent confinement measures but also with improved processes and protective equipment for our teams. Recharge is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. We have progressed on simplifying the group. organisation 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. A quick word on the agenda for this morning. 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. 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. It honors and commits me. We use 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. So yes. 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. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. And I just wanted maybe to clarify that the government has not explicitly made the decision. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine.

How To Speak Tusken Raider Sign Language, How To Become A Business School Professor, Molly Yeh Husband Nick Hagen, Remington 1187 Red Dot Mount, Articles C