But really appreciate, thanks again ! On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. But on defining the structure, does that mean we have a disposal in Q3, Q4? When expanded it provides a list of search options that will switch the search inputs to match the current selection. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. click here. Hopefully, thats an easy one, but would be very helpful. 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. Learn more in our Cookie Policy. on the development of flexible and resilient energy systems. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. So our main working scenario right now is that it wont happen. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. On quick one on numbers, on guidance. This is value neutral over time as D&A is integrated in the regulated revenue. CEO - Engie. Engie names Catherine MacGregor as new CEO - Offshore Energy And first question is for Catherine MacGregor. 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. Aged 48 and an engineering graduate of cole Centrale Paris, Catherine MacGregor started her career at Schlumberger in 1995, where she spent 23 years in positions of international responsibility, notably as group HR director. On the other hand, we, obviously, want stability in a power system. Catherine MacGregor est elle-mme mre de deux filles[2]. And so we will not give specific assets, of course, at any given time. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. Okay. By Gwnalle Barzic and Geert De Clercq. [Foreign Language]. We have a lot of experience over the years developed through our generation and thermal activity. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. You mentioned diversity of vast diversity of business line, et cetera. The current total coupon of 100 million per year has been reduced by 28% since 2017. So its a little bit of a total team, but we at this stage, that decision from the government hasnt been explicit. And still on the asset rotation, this leaves you probably, I dont know, 12 billion of total proceeds, maybe overall when we put everything all together. And my second question will be more accounting related regarding EVBox. - Contribute to measures to support purchasing power We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. 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. So we really have some really nice differentiation that we want to use in order, for sure, to be competitive but without sacrificing the return. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. Vocs conseguem nos apoiar? Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. On the following slide, Ill share our 2021 expectations for each business line. And Im going to pass it on to Judith now for the COI details on Renewables. She has spent her entire professional career working in the energy sector. 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. 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+. (Tech. Next, a few words on the bridge from EBITDA to net recurring income group share. Is this happening to you frequently? Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. So youve been talking about investment discipline. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. What are you looking at? Comptences clefs . Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. You mentioned the COVID impact and how to think about it in 2021. Indeed, you can expect positive cash flow operation from our nuclear activities. Strategy: we have made progress in the execution of our plan to build a stronger and more unified Group, on the offensive to accelerate the energy transition. Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. 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. Live from New York and. 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. These headwinds were partly offset by a 700 million positive change in working capital requirements from energy management activities driven by dynamic management of margin calls in 2020 in a context of extreme volatility of commodity prices. Its, for sure, a large part of the investment case. Its coal exits. Even if you ten-double the installations of these sources, the 40% remains. COVID weighed particularly heavily on Client Solutions and on Supply. Two questions from me. Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. Simply log into Settings & Account and select "Cancel" on the right-hand side. So its a huge project. Please go ahead. If we look at the long term, weve got an average of 20% of minority as part of group net income with large minority stakes in Latam, for instance. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. Finally, on Client Solutions, we see a strong growth potential driven by decarbonization and energy efficiency, especially in heating and cooling networks, on-site generation, and green mobility among other asset-based solutions. One second, it will be over soon. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. In other words, direct stable energy is needed these hours. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? If so, do you have a view to what level? Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. Check if your Here's a bit more, on climate change and from a few years ago, but still relevant. 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 let me start then with your question on Thermal. A very fine, humane gesture that you promised your ENGIE colleagues. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. commentary and analysis you can trust. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! Thank you, Sam, for this question. And given that theyre contracted, to maybe accelerate other areas of the business? So yes, Thermal is a good fleet for us, good asset. Aarti Singhal - Director of Investor Relations. This is what I am committed to. is its Ocean Winds joint venture with EDPR. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. This higher tax rate included notably the adjustment of carrying value of some deferred tax assets and the one-off effect of the tax rate change in the UK. analyse how our Sites are used. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. So this is becoming real. What an insightful stay in India this week starting with a technical conference on #hydrogen #certification at #IndiaEnergyWeek then meetings with 7 industrial players developing hydrogen projects across #India. And then, of course, right after that, you have hydrogen. So 25% of your business is in Thermal, and its an area that youre not particularly resting hugely behind if you look at the growth CapEx numbers. She was in charge of the entitys IPO. 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The Board of Directors announces the appointment of Catherine MacGregor Officer of ENGIE SA since . Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. We will now take our next question from Peter Bisztyga with Bank of America. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. Welcome again to Catherine. Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition.