I want to take advantage also to clarify on a question that I was asked earlier on the nuclear impairments and the impact on D&A. So its a huge project. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. 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. Both include the construction of new substations and upgrades to existing substations and are expected to be commissioned in the second half of this year. Next, a few words on the bridge from EBITDA to net recurring income group share. Before I share my view on 2021, here are our 2020 financial highlights. 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. Pour les articles homonymes, voir MacGregor. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. When expanded it provides a list of search options that will switch the search inputs to match the current selection. We also continued to benefit from the cost actions launched in the second quarter. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Following which, as usual, well open the lines for Q&A. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. 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. And if so, what quantity? On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. Hopefully, thats an easy one, but would be very helpful. analyse how our Sites are used. And second, its really focused and making sure that everybody pulls in the same direction. Ms MacGregor is 48, she's been the Chief Exec. Solvay Alpharetta celebrates Black History Month. From November 1st DN Media Group is responsible for controlling your data on Recharge. And so we consider that these are going to be very important in the near term at least in order to maintain a power system that is both robust and affordable, which was some of the features that I described in my talk, as extremely, extremely important for this energy transition. The 48-year-old MacGregor replaces Isabelle Kocher, who was ousted by the Engie board in February, ensuring that a woman maintains a place at the top table of a major European utility. So thank you very much, and bye-bye. You can update your choices at any time in your settings. Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. You can store it. What is the identity of the Thermal business? Is it something that could be you realize value of and take advantage of low rates? Catherine MacGregor - Chief . Its two and probably a little bit more early. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. They represent a key long-term growth engine for the group. It honours and commits me. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. Katherine MacGregor - Wikipedia ENGIE thanks you for your participation. Catherine Fiamma MacGregor on LinkedIn: ENGIE 9M 2022 Financial Pay my electricity bill of next year. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. You may change or cancel your subscription or trial at any time online. So no impact there, of course, on G&A reduction and about 800 million of assets. 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 . Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. But we really want to focus on a return-based growth strategy. 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. For example, we significantly enhanced our renewables footprint in the U.S. Yes. I would love to hear from you. 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. Find here the list of all the sessions presented by this speaker in order not to miss any of it. analyse how our Sites are used. We use I'm looking forward to continuing to make a difference together. So our main working scenario right now is that it wont happen. Thank you, Sam, for this question. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. Now the markets are looking at the remaining energy services. 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. Indeed, you can expect positive cash flow operation from our nuclear activities. Sure. Now the 2021 guidance. We have this 28 billion RAB, or regulated asset base, in France, which gives us this good visibility and predictability, which is a very nice complement to the renewable. Or does it have its own game plan? Its been a period in which the sector was exceptionally strong. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. In the past Ms. MacGregor held the position of President-Drilling Group at Schlumberger NV and Personnel Director at Oilfield Services Co. Ltd. Ms. MacGregor received an undergraduate degree from cole Centrale Paris. Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. We are a media company, specifically facilitating the maritime and offshore industry. And I think the way I want to say this is I think we know the broad plan now for the business, but I think its also important to look back at the last 5 years and understand why essentially the investment thesis has not delivered so far for shareholders. So and then maybe Ill add that there is also, I think, a lot of things we can do and we are doing, and we will continue to do and even increase around industrialization, procurement, supply chain, of course, digital. And what is your philosophy there? But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. And so we have assumed a very strong recovery like we have seen it in the second half. So when you will reinvest? By Gwnalle Barzic and Geert De Clercq. 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. #mixedfeeling :D (Tech. And then the second question is more for Judith. 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. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. Hopefully you can also take this into account? These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. And on gender diversity, we maintained 24% women in management of the group, and this must continue to be an area of focus for us in the coming years. I think, as you pointed out, theres been a little bit of a race to gigawatts. New organizational structure for a simpler ENGIE to go live on July 1 Two questions from me. 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! Even if you ten-double the installations of these sources, the 40% remains. Catherine MacGregor Net Worth (2022) | wallmine She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. Un article de Wikipdia, l'encyclopdie libre. Congratulations Engie. Let me give you the 2020 COI highlights. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? 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.. Onshore wind can be 1.5 years. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. Posted mercredi, avril 14 2021 Last month, with her feet barely under the desk, Catherine MacGregor was required to appear before the French senate's economic affairs committee be grilled on Engie's strategy. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. Catherine MacGREGOR - Les Rencontres conomiques Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Engie appoints oil services executive to execute new renewables strategy And sorry, just a follow-up on the CapEx. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. When we mentioned the 2 billion of additional disposal to drive simplification, the topics you know about, of course, the strategic reviews that we have announced. First of all, I think you are highlighting through your question the fact that we have, at ENGIE, significant tailwinds, tailwinds that some of our peers have enjoyed and we havent. Son profil de spcialiste, sa connaissance des enjeux oprationnels et des mtiers de l'nergie, son exprience internationale sont autant d'atouts pour le groupe In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. We have progressed on simplifying the group. I have proper control over all inventory department with the skill of my Minimum and Maximum stock levels, Gerente Industrial | Gesto de Operaes e Servios | Supply Chain | Engenheiro de Produo | leo e Gs | Suporte Tcnico | Produo | Gesto da Qualidade, Pessoal, eu criei esta Proposta de Ideia Legislativa no Senado Federal que se transformada em lei criar as Poltica Nacional de Incluso das Pessoas 50+. 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? We have in the U.S. the largest development pipeline. 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 appointed new Engie CEO | Financial Times You can read more about how we handle your information in our privacy policy.