Catherine MacGregor | 2020 Most Powerful Women International All information you need to have a pleasant time during the event. We will run processes. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. Okay. My first reaction with the bonus: Wow great ! Catherine MacGregor In Nuclear, we expect contribution to increase as volumes should be higher, thanks to better availability. And Im going to pass it on to Judith now for the COI details on Renewables. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. Very yes, good question. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. So that is roughly what you have to have in mind. COI decreased mainly driven by a 600 million impact from the pandemic. 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.. As CEO, Catherine MacGregor will focus on defining and implementing the Group's strategic road map, in particular around the two priority areas announced in July 2020 by the Board of Directors: speeding up growth . Were going to really focus on a few geographies. Thank you very much, Judith. In terms of geography, we have a strong hold in Europe. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. Find here the list of all the sessions presented by this speaker in order not to miss any of it. 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. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Organically, these evolutions were slightly better. Yes. And given that theyre contracted, to maybe accelerate other areas of the business? And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. 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. 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. So yes, Thermal is a good fleet for us, good asset. But that brings me to my question actually. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. 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. 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. 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. Elle est alors nomme prsidente New Ventures de TechnipFMC. 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. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). 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. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. or And then, of course, now this partial sell down that were planning into a SPAC transaction. So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. ENGIE is a major player in the energy sector, and we are extremely well placed to tackle most of the challenges posed by this transition. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. So we feel very good about [indiscernible]. So hopefully, this helps. Okay. Thats really clear. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. However, our results were ahead of our expectations on both metrics, and this was driven by the fact that the second half confinements were lighter in our main markets and that we adapted our processes, contributing to improved activity levels. 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. 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. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. We support credit card, debit card and PayPal payments. Onshore wind can be 1.5 years. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. We completed the SUEZ transaction in October and launched further strategic reviews. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. 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. 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. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Now the 2021 guidance. You mentioned that you would also phase out coal in district heating. The first is on the Supply business. To Engie in my case. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. But in short, we have big ambition, but we will be disciplined. https://waves-energy.co/maps/. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. ENGIE - Catherine MacGregor, Chief Executive Officer of ENGIE from 1 organisation French utility's new chief Catherine MacGregor to increase investment in renewables. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. And then your other question was related to the organization. So this is becoming real. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. And Networks, given that we do, we continue to invest here in France into the RAB, you will see a relative quick turnaround into contribution. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. And first question is for Catherine MacGregor. (Tech. Theyre going into similar areas with Networks is an important aspect. I would like to take this opportunity to thank all ENGIE employees who have worked so hard to deliver critical services for our customers in unprecedented conditions. 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. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. In other geographies, we benefited from commissioning new capacity in the United States and from higher wind production. 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. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. - Contribute to measures to support purchasing power Welcome again to Catherine. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. And when we reflect about some of the trends around electrification, around the growth in renewables, we realize that flexibility, dispatchability are going to be very important to the future of the energetic mix. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. How old is Ms MacGregor? [Foreign Language]. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. Watch th. In 2021, we already have hedged 80% of the production at 46. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. I was happy to see so many enjoying each others company. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? We will now take the next question from Meike Becker with Bernstein. Thank you, Catherine, and good morning, everybody. I will try and stick to two questions, too. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Check if your When expanded it provides a list of search options that will switch the search inputs to match the current selection. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! And as in the past, we will be very mindful of timing. In recognition of their outstanding contribution in this energy crisis, given the inflationary context and our financial performance, we have decided to award an extraordinary bonus of 1500 to all ENGIE employees worldwide. But we really want to focus on a return-based growth strategy. Here's a bit more, on climate change and from a few years ago, but still relevant. 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. Catherine MacGregor - Forbes The peer groups done very well. And part of this feedstock sometimes continue to rely on coal. Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. Yes. 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.