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. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. You mentioned that you would also phase out coal in district heating. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French groups ambitious renewables and energy transition plans. But the idea is that for the big production projects, we will give the Thermal people and the Thermal team, the responsibility to run those hydrogen production plans and projects because some of the skills are actually quite similar. 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. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. 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. 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. And so were confident to be able to invest in lots of opportunities that Catherine talked about. One is, of course, to participate in the future growth that we are projecting for this company; and second, of course, the close link into this space, which is a very important space for us. And that will be something that we will be describing a bit more in details in May. Let me now focus on the evolution of net debt and on our leverage ratios. We have also good fleet in Middle East and also Latin America. The Board has reaffirmed the groups dividend policy and proposed for 2020 a payout ratio of 75%, which is at the top end of the range. 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. Before I share my view on 2021, here are our 2020 financial highlights. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Watch th. For cost savings, you can change your plan at any time online in the Settings & Account section. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Her main mission was to prepare for the spin-off and IPO of Technip Energies, for which she put the energy transition at the heart of the strategy. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. We have ambitious goals to continue to simplify ENGIE at pace to play a key role in accelerating the energy transition and to focus on the long-term profitable growth of the group. What is the identity of the Thermal business? And I think, namely complexity is one thing. I have one question for Judith and one for Catherine, please. We support credit card, debit card and PayPal payments. 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. CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future. Organically, these evolutions were slightly better. Catherine MacGregor est elle-mme mre de deux filles[2]. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. Thank you. Let me give you the 2020 COI highlights. En 2020, elle est pressentie pour diriger Technip Energies, une socit en cours de cration base Paris d'environ 12000personnes issue de la scission de TechnipFMC en deux entits spares. In this uncertain environment, ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance and we have stayed on track! Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. Hosted by His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, my dear friend His Excellency Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, and Kadri Simson, EU Commissioner for Energy, this is an important forum for advancing Europes #cleanenergy ambitions. Catherine MacGregor est elle-mme mre de deux filles 2 . On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. or 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. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Overall, we currently estimate a potential net impact at the group COI and net recurring income group share level of between 80 million to 120 million. 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 have also started to adopt the existing gas transport networks by commissioning three reverse flow installations in 2020, which allow biomethane to flow from the distribution grid to the gas storage units. And the answer is yes. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. We will now take the next question from Meike Becker with Bernstein. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. We currently have leadership positions in all of these activities, and recent successes include a 30-year contract signed in Monaco to design, build, own and operate a seawater heating and cooling network that will enhance energy efficiency. My first reaction with the bonus: Wow great ! Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. Have a nice day. So I think this is a key point Id be interested in. We want to develop and further our differentiation. Cheers! 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. Please disable your ad-blocker and refresh. First, we recorded significant impairments mainly driven by the 2.9 billion nuclear impairment caused by the change in lifetime assumption for Belgian nuclear reactors as well as by changes in the commodity price scenario. Problem: 40% of the hours of the month there is minimum wind and zero sun. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. Yes. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. I think the team has done, so far, a really nice job. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? We have in the U.S. the largest development pipeline. Good morning, everyone. Were going to really focus on a few geographies. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. It is a great source, among others, of motivation and satisfaction to continue the (so essential) low-caborn transition in an extremely challenging environment , | Financial Reporting |Taxation| Month, Year-end Closings |Corporate Accounting| Financial Statement Analysis| SAP Hana FICO |IFRS. commentary and analysis you can trust. 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. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Some others, there is still a good portion of assumption that there might be a stranded asset. Thank you very much, Judith. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. And the second one, if I may ask, around Client Solutions. 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.. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class For example, last year, 91 additional biomethane production units were connected to the French gas grids, and over 85% of these were connected to GRDF. 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. Enel nearly tripled, Orsted quadrupled. January 7, 2021. 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. In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. On the other hand, we, obviously, want stability in a power system. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. She occupied a number of roles in various geographies (Republic of Congo, the US, Malaysia, ): from Director of Business Entities (Wireline, Reservoir Characterization, Drilling, ) to Regional Division (Europe and Africa). Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. 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. Officer of ENGIE SA since . Compare Standard and Premium Digital here. And maybe the last point, which is around performance culture, which I think can be improved within ENGIE, and here again, I can assess that the first reaction to this discussion within the company leads me to believe that we can make some inroads on that topic as well. Curious as to what my Linkedin connections think. And thank you, Catherine, too, for your answer, which I think we all appreciate, and we wish you with that, just final comment from my side, then Ill turn it over. Now the guidance for 2021. But we really want to focus on a return-based growth strategy. 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! Simply log into Settings & Account and select "Cancel" on the right-hand side. Its going to take us some time. Okay. 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. Hopefully, thats an easy one, but would be very helpful. 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.
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