ENGIE thanks you for your participation. 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. Overall, we have 100 cooling networks with a total installed capacity of 6.1 gigawatts and 300 heating networks of various sizes that distribute 19 terawatt hours yearly. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. click here. Let me know below Therefore, we do continue that we do think that gas will continue to play a very key role. Some of your peers there have convinced the market that they transitioned to hydrogen. 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. This is particularly noteworthy in the context of the unprecedented pandemic. And so these are some of the things that complexity and ability to manage activities that are very, very different from each other, I think really get in the way of performance. Although we were in crisis management most of 2020, we did not lose focus on our long-term objectives and continued to invest for the future. This is value neutral over time as D&A is integrated in the regulated revenue. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Elle y dirige des activits de forage au Congo, en Mer du Nord 3, aux tats-Unis, en Malaisie, au Royaume-Uni et en France 4. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* Judith, you want to start with the EVBox question? European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French group's ambitious renewables and energy transition plans. And Im sure thats a question youve been reflecting on as you took up the new role. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. Even if you ten-double the installations of these sources, the 40% remains. First, you will hear from our new CEO, Catherine MacGregor, on the highlights of 2020, followed by our CFO, Judith Hartmann, on our financial performance. 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. The renewables COI, could you break that down, if you dont mind, into the change in hydro versus wind and solar in the 2020 numbers? That's where the "trim tab" comes in. On quick one on numbers, on guidance. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). I will try and stick to two questions, too. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. One was the CapEx. 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. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. Other generators like Uniper and Fortum have been very strong as well. 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. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Weve proven that over and over again in very, very recent past. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. On the renewables COI for 2020 of about 1.1 billion, basically, you can assume that the main contributors were hydro and wind, hydro about 700 million of that and wind was the rest. It will also require some infrastructure, maybe not with the same density at todays gas network. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. Officer of ENGIE SA since . They represent a key long-term growth engine for the group. Yes. personalising content and ads, providing social media features and to So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. And Judith? Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. So let me start then with your question on Thermal. We announced last December that EVBox would be listed on the New York Stock Exchange. So when you will reinvest? 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. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. And sometimes, its okay to lose auctions if we dont get the right returns. This was partly offset by a temporary higher effective recurring tax rate at 32.5% in 2020 versus 28.2% in 2019. 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. Thank you. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. French Networks had limited COVID impact also mainly on distributed gas volumes. 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. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. We support credit card, debit card and PayPal payments. So our main working scenario right now is that it wont happen. And I think, namely complexity is one thing. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. Now that doesnt mean that we should not have discipline. Compare Standard and Premium Digital here. Its coal exits. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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.. Often, its actually a very small proportion of coal that is being used, but it is indeed the case that it is part of our feedstock. We have also good fleet in Middle East and also Latin America. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. Energy Solutions: we won major contracts in district heating and cooling networks but also in #greenmobility, notably with 5600 charging points for electric vehicles in Belgium The enshittification of apps is real. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. Okay. COVID weighed particularly heavily on Client Solutions and on Supply. And how quickly do you think it can actually contribute to your earnings, please? On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. For a full comparison of Standard and Premium Digital, click here. Hopefully, thats an easy one, but would be very helpful. You certainly have a lot of people out here who want you to be very successful. So no specific things to be taken into account. Head of Core Laboratories US - Alpharetta Site Manager, Thanks to Solvay Alpharetta employees Michael O'Keeffe and Edna Carbajal for reaching out to students in Dawson county GA for their junior high school career fair and mock interview days. Indeed, you can expect positive cash flow operation from our nuclear activities. analyse how our Sites are used. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, Within this guidance, we have included our current estimate of the potential impact. Okay. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Our environment is changing. So there will be a capital gain on this. We invested 1.5 billion growth CapEx in 2020, mainly in Brazil, on power transmission lines and for the acquisition of the remaining 10% in TAG. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. Please. We are investing in our strategic priorities for long-term value creation. Areas of expertise ; Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. For a full comparison of Standard and Premium Digital, click here. offers FT membership to read for free. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. And one of the things to keep in mind, when you say how can you speed up is also that we have less sell downs in Renewables in 2021. And then the second question is more for Judith. Price is going up. In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. You can update your choices at any time in your settings. Are you working on a new organizational format? We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. The first one regarding the network convergence. And so were confident to be able to invest in lots of opportunities that Catherine talked about. https://noviocean.energy/documents/ Welcome again to Catherine. And then, of course, right after that, you have hydrogen. hosting the engineering activities. The peer groups done very well. For example, we signed several corporate PPAs with Amazon for a 650-megawatt global portfolio of wind and solar projects across the U.S., Italy and France. Aarti Singhal - Director of Investor Relations. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. 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. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. CEO - Engie. Organically, these evolutions were slightly better. We support credit card, debit card and PayPal payments. Ladies and gentlemen, this concludes this conference call. You mentioned that you would also phase out coal in district heating. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! 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. I think the team has done, so far, a really nice job. 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. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. She has spent her entire professional career working in the energy sector. 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. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. COI decreased mainly driven by a 600 million impact from the pandemic. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. And with that, Im pleased to hand you over to Catherine. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. We will now take our next question from Peter Bisztyga with Bank of America. This is what I am committed to. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. And so we will not give specific assets, of course, at any given time. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. But really appreciate, thanks again ! Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Elle travaille pendant 23 ans chez Schlumberger. I would like to pay tribute to their mobilization, which has enabled us to: Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. 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. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. 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. Recharge is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. Is this happening to you frequently? We will now take our next question from Sam Arie with Union Bank of Switzerland. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. 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. I would say that some of the things that were decided last year with these strategic orientations, I am very, very convinced that well address some of the shortfalls that can explain some of the ENGIEs underperformance in the past few years. Holidays ? We are assessing the situation, which mainly affects renewables and supply activities. The biggest, of course, remains Renewables. cookies Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. But that brings me to my question actually. 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. These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. Elle a t leve au Maroc[1]. Judith, you want to answer the second question? university 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. 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. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. Yes, Judith, just to follow up on the Nuclear, can I just ask setting aside the provisions and the cash payments against those which we know about, can I just ask, do you anticipate any positive free cash flow from the nuclear fleet now in the rest of its life, I mean, if you just look at operating cash flow and essentially operating CapEx that youve got to put in? Now its a little bit difficult for me to really be critical about the past. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! In DHC networks, the worldwide market is expected to grow over 5% per year on average across the next nine the next five years. This button displays the currently selected search type. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. Yes. Congratulations Engie. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. Good luck with the new role, Catherine. Congratulations to all of our employees on the well-deserved bonus. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. Maybe some thoughts. 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. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. Yes. So for my question, the first is on the asset rotation. Read more about DN Media Group here. And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. One second, it will be over soon. Here's a bit more, on climate change and from a few years ago, but still relevant. analyse how our Sites are used. And so our thermal fleet has a very, very important role to play there. A very fine, humane gesture that you promised your ENGIE colleagues. It honors and commits me. 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+. 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. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Do you have a vision about taking this proportion of minorities down for the group? Long-term growth drivers for asset-light activities are also strong, underpinned by major international actions plans, such as the European green deal towards making the EUs economy sustainable. 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. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. Iberdrola shares nearly doubled. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. This really has two reasons. I am very pleased that Jrme Stubler, who has more than 30 years' experience in the construction industry, joined us recently and will be leading this important project. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Thats one thing. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. We think, in general, gas is going to be important in this energy transition. We have progressed on simplifying the group. Its were rounding numbers here, as you can see, because like I said, this is our target. And Ill turn to Judith maybe for the cash flow from Nuclear. Euro erzielen. fusion, The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. Yes, two topics that you were talking about, Peter. Hopefully you can also take this into account? 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. Catherine MacGregor est elle-mme mre de deux filles[2]. 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. 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. Thank you Renata Spada for being yourself and authentic. So in short obviously, its a topic we could talk for hours. 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 . 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. 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. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." Tax charges were 300 million lower mainly due to the decrease in profit. CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future.