Hydro had a strong increase organically but was down from a growth perspective because of the FX, of course, in the Brazilian real, and wind was an increase for the obvious reasons because we have been investing quite significantly in the past few years. Catherine MacGregor appointed new Engie CEO | Financial Times But that brings me to my question actually. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line 2mo Glad to see all the progress. And so were excited about this transaction. directrice gnrale d'un groupe industriel nergtique; 25 ans de services, Vincent Collen, David Barroux et Julie Chauveau, , Dcret du 31 dcembre 2020 portant promotion et nomination dans l'ordre national de la Lgion d'honneur, https://fr.wikipedia.org/w/index.php?title=Catherine_MacGregor&oldid=201657000, Portail:Biographie/Articles lis/Sciences, Portail:Biographie/Articles lis/Entreprises, licence Creative Commons attribution, partage dans les mmes conditions, comment citer les auteurs et mentionner la licence. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. So here, generally, the question, how do you think about the future of the gas networks? Overall, these positive factors are expected to more than offset year-on-year negative evolutions. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. Great post Catherine Fiamma MacGregor! Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! This change led to an impairment, which Judith will cover shortly. This impact was partially offset by higher achieved prices for our hydro power production and higher volumes produced mainly by our wind assets. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Maybe some thoughts. And in terms of the supply, were really expecting supply to recover mainly from less COVID impacts, also looking at the temperature, which will improve. Its two and probably a little bit more early. 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. Also on the same point, risking up or risking down in the future strategy, what is your view on how the risk profile for ENGIE should change going forward? Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. We support credit card, debit card and PayPal payments. The first is on the Supply business. 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? In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. The current total coupon of 100 million per year has been reduced by 28% since 2017. And then I also had a question on the coal phase out. Okay. Engie names Catherine MacGregor as new CEO - Offshore Energy But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. Thank you, Sam, for this question. I have a couple of questions, 1 for Catherine and 1 for Judith. Is it something that could be you realize value of and take advantage of low rates? With our strong local presence in key geographies and leading capabilities across the power generation value chain, including in energy management, which is a key for commercializing renewable energy, we are confident in our ability to drive long-term value creation from this renewables growth. All information you need to have a pleasant time during the event. Moving to Networks, which were resilient despite the pandemic. Next, a few words on the bridge from EBITDA to net recurring income group share. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Depending on opportunities, it could be this asset or another one. 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. And as in the past, we will be very mindful of timing. I mentioned earlier two things actually. It is important to say that our renewables growth ambition is not about entering a gigawatt race. As a leader in gas networks, we are playing a critical role in enabling an affordable and smooth energy transition, and we are promoting a progressive increase in the role of renewable gases. Catherine MacGregor est elle-mme mre de deux filles[2]. And the second one is very bad timing. And if so, what quantity? However, the gross COI evolution was negative 125 million mainly due to foreign exchange. 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. So naturally, were landing more just below a 100 million figure for 2021. This very unusual year translated into a mixed set of numbers. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? And weve made some moves last year, and we will continue to do that. Does this mean that Equans is now getting nothing? So I think this is a key point Id be interested in. Catherine MacGregor will join Engie as CEO. All options for the sale of Equans, the newly-created services unit of French energy group Engie (ENGIE.PA), are being considered, including a possible listing, Chief Executive Catherine MacGregor . Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. To Engie in my case. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. And then, of course, now this partial sell down that were planning into a SPAC transaction. Its not like a 2020 event. Indeed, we had an increase a temporary increase in 2020 to 32.5%. Or is it your budget of the COI for these businesses in 2021? https://waves-energy.co/maps/. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. That will put pressure on Ms MacGregor to make her mark . And my second question will be more accounting related regarding EVBox. Sign up for more in-depth articles and insights. Katherine MacGregor - Wikipedia You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Catherine MacGregor | 2021 Most Powerful Women International | Fortune 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. A key area of value creation from renewables is the ability to commercialize energy with new and innovative solutions for customers, and we have made great progress on this front. For a full comparison of Standard and Premium Digital, click here. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ET, Aarti Singhal Director of Investor Relations, Catherine MacGregor Chief Executive Officer, Judith Hartmann Chief Financial Officer. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. In this uncertain environment, ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance and we have stayed on track! And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Let me now turn to our ESG performance. Thats one thing. Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. 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. Biography of Catherine MacGregor - The Official Board 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. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. Katherine MacGregor - Biography 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? Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . We invested 7.7 billion of CapEx in total. 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. I think we are now about time, so I would like to thank you for your attention. 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. The key here is really to give that business its own industrial project, its own identity. Operator? Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. You mentioned diversity of vast diversity of business line, et cetera. 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. fusion, We will run processes. Non Madame 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. According to the IEAs latest sustainable development scenario, in Europe alone, energy from biomethane and hydrogen could potentially grow three times from 2019 levels to over 300 terawatt hours in 2030. With respect to the recent extreme weather events in Texas, we are assessing the situation. 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. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. By Gwnalle Barzic and Geert De Clercq. In that entity that we are forming, which is the object of the consultation weve talked about, there will be 34,000 roughly 74,000, sorry, 74,000 people. Live from New York and. And what is your philosophy there? Engie boosts asset sales as it targets 'doing less stuff' [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . 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? Were, in fact, very positive and excited about the opportunity of these businesses, very, very different from other more traditional mtier that we have in ENGIE, and the idea is really to form a very coherent entity, which Jrme Stubler is very busy doing right now. We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. Congratulations Engie. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. cookies Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Please disable your ad-blocker and refresh. 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. We also continued to benefit from the cost actions launched in the second quarter. 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. As always, my team and I are here to assist you, so do please reach out. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. Holidays ? We have also good fleet in Middle East and also Latin America. Yes. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. Okay. Let me now move to a detailed view per business line. MacGregor joins Engie as it embarks on a major push into renewables and clean energy. 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. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. 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. You can still enjoy your subscription until the end of your current billing period. (Tech. 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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. Thats a good clarification. Before I share my view on 2021, here are our 2020 financial highlights. Were very pleased. For a full comparison of Standard and Premium Digital, click here. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. 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. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Price is going up. I think these are really, really good questions. In Thermal, we expect a COI decrease due to the normalization of a strong 2020 performance in Europe, which was supported by high spark spreads and ancillary contributions. We will now take our next question from Emmanuel Turpin with Societe Generale. A short stay for a rich experience and deep learning. Some others, there is still a good portion of assumption that there might be a stranded asset. On quick one on numbers, on guidance. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. , Dear Catherine, I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. You mentioned that you would also phase out coal in district heating. Some of your peers there have convinced the market that they transitioned to hydrogen. And so were confident to be able to invest in lots of opportunities that Catherine talked about. Compare Standard and Premium Digital here. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. Elle est alors nomme prsidente New Ventures de TechnipFMC. Recharge is part of DN Media Group. So we feel very good about [indiscernible]. We want to develop and further our differentiation. Catherine MacGregor Wikipdia And Im going to pass it on to Judith now for the COI details on Renewables. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* You may change or cancel your subscription or trial at any time online. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month.