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 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. Catherine MacGregor | 2021 Most Powerful Women International | Fortune Let me now turn to our ESG performance. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. offers FT membership to read for free. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. 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. 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. So the what is happening here in France on biomethane is actually quite real, and so we are now looking at potentially having sufficient volume to fully displace what will be needed in gas at the 2050 horizon. Therefore, we do continue that we do think that gas will continue to play a very key role. And so were excited about this transaction. Judith? Operator? Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. She has managed numerous complex industrial projects, both . Cheers! The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. Learn more in our Cookie Policy. Thats one thing. 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. Catherine will then come back and share our priorities. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. 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. La situation en France depuis plus de 50 ans We have progressed on simplifying the group. Aprs avoir t auditionne par les cabinets de recrutement Korn Ferry et NB Lemercier & Associs, elle est nomme directrice gnrale d'Engie le 2 octobre 2020, avec entre en fonctions le 1er janvier 2021. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. Now turning to Networks. Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. Catherine MacGregor: The winds of change - Leaders League Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. 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. But is it bad? So in short obviously, its a topic we could talk for hours. Do you see eventually opportunities in the future going forward with the convergence between power network and gas network considering the evolution of the hydrogen, Catherine? Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. We also continued our relentless pursuit of simplifying the group. MacGregor, an engineer . Catherine Fiamma MacGregor on LinkedIn: ENGIE 9M 2022 Financial Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! Are you working on a new organizational format? Were going to really focus on a few geographies. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. I'm looking forward to continuing to make a difference together. You can see that on the recent months trading for renewable players. organisation From November 1st DN Media Group is responsible for controlling your data on Recharge. Its not like a 2020 event. 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. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Its two and probably a little bit more early. It will also require some infrastructure, maybe not with the same density at todays gas network. Premium access for businesses and educational institutions. And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. You may change or cancel your subscription or trial at any time online. Non Madame And if so, what quantity? We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. Some of your peers there have convinced the market that they transitioned to hydrogen. Let me know below Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. That's where the "trim tab" comes in. Catherine MacGREGOR - Les Rencontres conomiques In 2021, we already have hedged 80% of the production at 46. So we feel very good about [indiscernible]. And so our whole plan that weve announced today, and obviously, very pleased to have made this announcement today, includes for each of these networks solution to convert the coal to other source of feedstock. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. We think, in general, gas is going to be important in this energy transition. Its coal exits. [Foreign Language]. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? 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. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). I was very pleased to participate in the 9th Ministerial Meeting of the Southern Gas Corridor Advisory Council, and the 1st Ministerial Meeting of the Green Energy Advisory Council, held in #Azerbaijan last week. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? This really has two reasons. But time will tell. 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. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, For cost savings, you can change your plan at any time online in the Settings & Account section. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Read more about DN Media Group here. A short stay for a rich experience and deep learning. We will now take our next question from Sam Arie with Union Bank of Switzerland. We will now take the next question from Meike Becker with Bernstein. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. 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. If so, do you have a view to what level? I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. And weve made some moves last year, and we will continue to do that. You can still enjoy your subscription until the end of your current billing period. Welcome to the sector, indeed. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. Excellent example of circular economy ! Areas of expertise ; No, thank you. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. And thats really the key part of what we do. It is important to say that our renewables growth ambition is not about entering a gigawatt race. You certainly have a lot of people out here who want you to be very successful. Sure. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! But now that we have officially become Equans for a few weeks, this message that all ENGIE employees worldwide will receive a bonus of 1500,- comes as a disappointment. This very unusual year translated into a mixed set of numbers. 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, the companys statement reads. She has spent her entire professional career working in the energy sector. 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. Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. So I think this is a key point Id be interested in. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. But is it bad? Please. And we will now take our next question from Vincent Ayral with JPMorgan. Elle travaille pendant 23 ans chez Schlumberger. If you have an ad-blocker enabled you may be blocked from proceeding. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? Is it something that could be you realize value of and take advantage of low rates? You can read more about how we handle your information in our privacy policy. You mentioned diversity of vast diversity of business line, et cetera. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. Tout au long de cette priode, les quipes d'Elengy, Storengy - ENGIE, GRTgaz, GRDF Catherine Fiamma MacGregor on LinkedIn: nergie : la consommation de gaz a baiss de 6,2% en France en . Ow, nobetter ! 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. Okay. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. And the answer is yes. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. We think its important to have a system play on renewables. cookies 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 have strict criteria, and we will stick to them. Iberdrola shares nearly doubled. So naturally, were landing more just below a 100 million figure for 2021.

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