Its were rounding numbers here, as you can see, because like I said, this is our target. One is, of course, to participate in the future growth that we are projecting for this company; and second, of course, the close link into this space, which is a very important space for us. 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. As always, my team and I are here to assist you, so do please reach out. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. 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. Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. 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. Ow, nobetter ! So to summarize, ENGIE made progress at pace in 2020. We have some core competencies. And my second question will be more accounting related regarding EVBox. Katherine MacGregor - Biography 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. 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. Thank you very much for your attention, and I would like to turn now the line back to the operator for the Q&A session. You mentioned diversity of vast diversity of business line, et cetera. I mentioned earlier two things actually. hosting the engineering activities. 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. 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.. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. Judith? on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. 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. 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? And part of this feedstock sometimes continue to rely on coal. 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. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. 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. Dans intrt de la France, At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. We remain committed to a strong investment-grade credit rating and continue to target a ratio of below or equal to four times economic net debt to EBITDA over the long term. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. 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.. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. You can still enjoy your subscription until the end of your current billing period. Compare Standard and Premium Digital here. Sign up for more in-depth articles and insights. Before I share my view on 2021, here are our 2020 financial highlights. Hopefully, thats an easy one, but would be very helpful. The first one is on strategy. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. Premium access for businesses and educational institutions. Engie's new CEO sets out with the goal of simplifying the energy group Welcome to the utilities world. For example, last year, 91 additional biomethane production units were connected to the French gas grids, and over 85% of these were connected to GRDF. Curious as to what my Linkedin connections think. Education Catherine MacGregor has obtained a degree from CentraleSuplec in 1995. Yes, its hard to give any precise guidelines on that because, of course, it depends on the M&A and greenfield mix, and it depends on the type of projects that youre after. Thank you. Okay. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. 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. 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. 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. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. analyse how our Sites are used. 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. For the first part of the transactions, you mentioned the first buyout of or rather the buyout of a part of your minorities in Latin America. Regarding the organizational simplification, you mentioned complexity of the group. We delivered for our customers while continuing to invest in major capital projects. ENGIE - Catherine MacGregor, Chief Executive Officer of ENGIE from 1 Because there was a time when that business was making around 600 million of COI. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. 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. This impact was partially offset by higher achieved prices for our hydro power production and higher volumes produced mainly by our wind assets. 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. Aarti Singhal - Director of Investor Relations. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. On your two questions, 1 was on the tax rate. And its hard to know theres obviously been some pretty big changes in competitive dynamics over the last couple of years. It honours and commits me. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. 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. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Its going to take us some time. Standard Digital includes access to a wealth of global news, analysis and expert opinion. You may change or cancel your subscription or trial at any time online. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). But time will tell. What are you looking at? Within this guidance, we have included our current estimate of the potential impact. I think, as you pointed out, theres been a little bit of a race to gigawatts. We also posted higher financial costs. And we will now take our next question from Ajay Patel with Goldman Sachs. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, And with that, Im pleased to hand you over to Catherine. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. So yes. is its Ocean Winds joint venture with EDPR. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. 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. Catherine MacGregor est elle-mme mre de deux filles[2]. One was the CapEx. - Play an important role in ensuring security of supply for France and Europe With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. It honors and commits me. 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. 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. Solvay Alpharetta celebrates Black History Month. The Board of Directors announces the appointment of Catherine MacGregor En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. Operator? Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. Engie - Franzsischer Energieversorger berzeugt uro am Sonntag" mit click here. From 2013 to 2016, she also served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the Drilling business, while based in London. And Judith will give you a little bit of the background and more details on the rest. So let me start then with your question on Thermal. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. 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. I have a couple of questions, 1 for Catherine and 1 for Judith. Our portfolio of wind and solar assets has an average age of five years with an average residual contract duration of 15 years, which offers us with good visibility of earnings. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. We will now take our next question from Peter Bisztyga with Bank of America. 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. Net recurring income group share was in line with guidance but at the bottom end of the range. And I think, namely complexity is one thing. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. I think on the question of network convergence between gas and power, I think were a bit obviously, different drivers behind this, one, which is the trend towards more electrification is something to stay. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. Maybe I will start with your second question, which relates to the coal used in DHC. 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. A warm welcome as well to you, Catherine MacGregor. Thank you. I think there was another question, which was related to the calendar. You can store it. So again, of course, I mean, it 2020 was heavily impacted. Euro erzielen und am Vorhaben festhalten, jhrlich 65 . Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Catherine MacGregor - Chief . And sorry, just a follow-up on the CapEx. analyse how our Sites are used. Thank you very much, Judith. She has spent her entire professional career working in the energy sector. This very unusual year translated into a mixed set of numbers.