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. On the other hand, we, obviously, want stability in a power system. We will make sure that we get the right price. Curious as to what my Linkedin connections think. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. Euro erzielen. Catherine MacGregor | 2020 Most Powerful Women International I think thats clearly something the market will be expecting there. 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? These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. 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. Or does it have its own game plan? 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.. And so were confident to be able to invest in lots of opportunities that Catherine talked about. Turning to our major focus areas starting with Renewables. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. January 7, 2021. 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. So again, of course, I mean, it 2020 was heavily impacted. university Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. Ladies and gentlemen, this concludes this conference call. Engie's new CEO sets out with the goal of simplifying the energy group 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. We also posted higher financial costs. Welcome again to Catherine. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. And I think, namely complexity is one thing. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. We are a media company, specifically facilitating the maritime and offshore industry. In 2021, we already have hedged 80% of the production at 46. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." And so to in that respect, I think your comment might be valid. So I think this is a key point Id be interested in. 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.. Catherine MacGregor Wikipdia On the following slide, Ill share our 2021 expectations for each business line. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. We have a very nice digital platform to help us manage our assets better. I will now hand you back to Catherine for our 2021 priorities. You have, of course, in mind, that we have committed to fund our waste provision until 2025. Live from New York and. We also benefited from higher contributions of GTT thanks to a strong past order intake. Yes. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. Therefore, we do continue that we do think that gas will continue to play a very key role. For a full comparison of Standard and Premium Digital, click here. 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]. 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. 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. Does this mean that Equans is now getting nothing? So youve been talking about investment discipline. La situation en France depuis plus de 50 ans On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. 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. What is the identity of the Thermal business? Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. 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. 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. 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. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). Lets now move to our Supply, Nuclear and Other activities. 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. Thank you very much, Aarti, and good morning, everyone. 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. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. 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. And so the amount will be much lower than what you have seen in 2020. 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. And Judith, you want to comment, please, on the impairment? And Im sure thats a question youve been reflecting on as you took up the new role. For example, we significantly enhanced our renewables footprint in the U.S. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? And so were excited about this transaction. I think, as you pointed out, theres been a little bit of a race to gigawatts. The peer groups done very well. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. 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. What are you looking at? The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. Now that makes me and that makes the team, obviously, extremely motivated and optimistic that we are going to get the benefit from these tailwinds because, as a team, we are extremely focused in making sure that we do outperform, and outperform our peers, outperform the market. Good morning, everyone. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Find here the list of all the sessions presented by this speaker in order not to miss any of it. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. 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. In terms of geography, we have a strong hold in Europe. To Engie in my case. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Engie names Catherine MacGregor as new CEO - Offshore Energy A graduate of the Paris cole Centrale (CentraleSuplec), Catherine MacGregor has spent her entire professional career working in the energy sector, including 23 years with Schlumberger, the world's leading supplier of technologies for characterizing, drilling, producing and processing reservoirs for the oil and gas sector. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. 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. Okay. Before I say more on this, let me review the groups overall 2020 performance. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. 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. Its going to take us some time. Let me know below Its two and probably a little bit more early. Good luck with the new role, Catherine. I have one question for Judith and one for Catherine, please. Aarti Singhal - Director of Investor Relations. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. https://waves-energy.co/maps/. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. It is important to say that our renewables growth ambition is not about entering a gigawatt race. 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. 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. Ms MacGregor is 48, she's been the Chief Exec. 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. 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. Excellent example of circular economy ! Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . Finally, on Client Solutions, we see a strong growth potential driven by decarbonization and energy efficiency, especially in heating and cooling networks, on-site generation, and green mobility among other asset-based solutions. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. Even if you ten-double the installations of these sources, the 40% remains. Net income group share stood at negative 1.5 billion. She has spent her entire professional career working in the energy sector. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Depending on opportunities, it could be this asset or another one. 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. From November 1st DN Media Group is responsible for controlling your data on Recharge. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. You can update your choices at any time in your settings. On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. COVID weighed particularly heavily on Client Solutions and on Supply. Education Catherine MacGregor has obtained a degree from CentraleSuplec in 1995. I mentioned earlier two things actually. university It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. We are assessing the situation, which mainly affects renewables and supply activities. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. 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. 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. Yes. 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. 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.