ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Learn more in our Cookie Policy. Its two and probably a little bit more early. 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. We announced last December that EVBox would be listed on the New York Stock Exchange. So to summarize, ENGIE made progress at pace in 2020. 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. Its going to take us some time. Il serait pertinent de se concentrer sur l'aprs nuclaire, 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. Thank you. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. 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. 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. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. 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! Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. With respect to the recent extreme weather events in Texas, we are assessing the situation. We will now take the next question from Meike Becker with Bernstein. 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. 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. And we will now take a last question from Louis Boujard with ODDO. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. Yes. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. Precisamos de 20.000 apoios para que a ideia se transforme em lei. You have, of course, in mind, that we have committed to fund our waste provision until 2025. 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? Cheers! Yes. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. Solvay Alpharetta celebrates Black History Month. So thats one aspect of it. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Vocs conseguem nos apoiar? Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Officer of ENGIE SA since . So there will be a capital gain on this. organisation Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Engie names Catherine MacGregor as new CEO - Offshore Energy Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. Her vision on ENGIEs transformation and development, her industrial and international track record as well as her leadership and managerial skills will fully contribute to the achievement of the strategic orientations announced at the end of July. Ladies and gentlemen, this concludes this conference call. https://lnkd.in/ea25krWt We also continued our relentless pursuit of simplifying the group. And maybe more importantly, where do you see subsidiary in five years and what it could contribute to your P&L considering the potential growth of these assets? Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. And lets now, indeed, look at our priorities for sustainable long-term value creation. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. You certainly have a lot of people out here who want you to be very successful. So Ill ask two questions. And sometimes, its okay to lose auctions if we dont get the right returns. It is important to say that our renewables growth ambition is not about entering a gigawatt race. [Foreign Language]. 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. How quickly can that new CapEx sort of translate into earnings? 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. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." cookies In 2020, most of our newly commissioned assets were onshore wind followed by solar. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. 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. Catherine will then come back and share our priorities. But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. Current positions of Catherine MacGregor More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. On your two questions, 1 was on the tax rate. We will make sure that we get the right price. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. Holidays ? Dans intrt de la France, Catherine Macgregor, Engie SA: Profile and Biography I would like to pay tribute to their mobilization, which has enabled us to: Euro erzielen. 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. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. We had 1.2 billion total impact last year. So that is roughly what you have to have in mind. So thank you very much, and bye-bye. So we feel very good about [indiscernible]. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. The enshittification of apps is real. Now Ill comment on the bridge from net recurring income group share to net income group share, which was negative 1.5 billion in 2020. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. Recharge is part of DN Media Group. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. Good morning, everyone. These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. This was really driven by mix of the results, changes in some tax laws, including in the UK, and we are expecting to go to a more normal level at the 25% kind of range in 2021. You can store it. By Gwnalle Barzic and Geert De Clercq. 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. Ow, nobetter ! I think thats clearly something the market will be expecting there. 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. Its been a period in which the sector was exceptionally strong. Is this happening to you frequently? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. Have a nice day. We also benefited from higher contributions of GTT thanks to a strong past order intake. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. Premium access for businesses and educational institutions. 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. ENGIE thanks you for your participation. PDF CATHERINE MACGREGOR Chief Executive Officer - Engie
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