catherine macgregor engie biohow much money did santa jaws make

And it would be helpful if you could highlight for us any meaningful one-offs embedded in the 2020 results, whether positive or negative that we should bear in mind as we build our bridge to 2021? [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. Im a lot looking forward to presenting the regional EMEA address on March 1st together with my dear colleague Ryan Demaray. A key part of that strategy is its Ocean Winds joint venture with EDPR, which has set out its stall as a global leader in offshore wind. 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. 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]. Is this happening to you frequently? EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. Employee consultation on the proposed organization design started this month as planned, and we expect it to conclude by the end of the second quarter. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Obviously, you did signal that youd be ramping up CapEx. It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. And finally, we also strengthened our position in the rapidly growing market of corporate PPAs with over 1.5 gigawatts of contracts signed in 2020. fusion, personalising content and ads, providing social media features and to I think we are now about time, so I would like to thank you for your attention. It will also require some infrastructure, maybe not with the same density at todays gas network. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. As always, my team and I are here to assist you, so do please reach out. This was really driven by mix of the results, changes in some tax laws, including in the UK, and we are expecting to go to a more normal level at the 25% kind of range in 2021. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . We will run processes. Moving to Networks, which were resilient despite the pandemic. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Officer of ENGIE SA since . Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. Again, especially when it comes to replace when it replace coal. And maybe Ill just say a few things, and Ill pass on to Judith, just to say that the Client Solutions project is a big project. offers FT membership to read for free. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. So here, generally, the question, how do you think about the future of the gas networks? But in short, we have big ambition, but we will be disciplined. Euro erzielen. 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. 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. The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. Yes. Vocs conseguem nos apoiar? Our group remains committed to Belgium and to contributing to the countrys security of supply. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. And sometimes, its okay to lose auctions if we dont get the right returns. We delivered for our customers while continuing to invest in major capital projects. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. We have not seen prices like this in many years. But is it bad? Excellent example of circular economy ! 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 will now take the next question from Meike Becker with Bernstein. We want to develop and further our differentiation. She has spent her entire career in the energy sector. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. Good morning, everyone. And so we will not give specific assets, of course, at any given time. In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. 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If so, do you have a view to what level? - Contribute to measures to support purchasing power What is the identity of the Thermal business? I think, as you pointed out, theres been a little bit of a race to gigawatts. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. And Im really I am personally convinced, enthusiastic about the idea of having a very sharp focus on capital allocation making sure that all of our managerial efforts go in the direction that weve announced, and well be able to show very positive results. 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. We also continued to benefit from the cost actions launched in the second quarter. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. 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. 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. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. So in short obviously, its a topic we could talk for hours. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. So again, of course, I mean, it 2020 was heavily impacted. Judith, you want to start with the EVBox question? 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. We think its important to have a system play on renewables. 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. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. We think, in general, gas is going to be important in this energy transition. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. If you have an ad-blocker enabled you may be blocked from proceeding. And then the second one, its for Catherine. No, absolutely. On your two questions, 1 was on the tax rate. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. Check if your The French group last year pledged to invest 12bn ($13.1bn) in its 2019-21 energy transition programme, and was on track to install 9GW of renewables in that period. But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. 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. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. Therefore, we do continue that we do think that gas will continue to play a very key role. 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. Now the markets are looking at the remaining energy services. In Nuclear, we expect contribution to increase as volumes should be higher, thanks to better availability. 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. Were going to really focus on a few geographies. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. I think these are really, really good questions. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. 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. One was the CapEx. offers FT membership to read for free. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. Ow, nobetter ! So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. 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. https://noviocean.energy/documents/ https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. Now the 2021 guidance. In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Let me start with your second question, and then I will hand over to Judith, who will go through the details of the impairment impact, if you dont mind, Rob. On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. 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. The current total coupon of 100 million per year has been reduced by 28% since 2017. We have some core competencies. How quickly can that new CapEx sort of translate into earnings? We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Do you have a vision about taking this proportion of minorities down for the group? university https://lnkd.in/ea25krWt The enshittification of apps is real. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. 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. We have a lot of experience over the years developed through our generation and thermal activity. So maybe I will start with your last question, which is around the decision on nuclear. 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. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. I will try and stick to two questions, too. You can store it. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? Catherine MacGregor - Chief . This was notably due to the discounting of liabilities related to hydro concessions in Brazil that are indexed to inflation and which increased significantly in 2020. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. And so were excited about this transaction. For a full comparison of Standard and Premium Digital, click here. Pour les articles homonymes, voir MacGregor. - Accompany our customers in their decarbonization strategies to face the climate emergency And Im going to pass it on to Judith to comment maybe on the other questions. 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. 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. We will now take the next question from Rob Pulleyn with Morgan Stanley. Catherine MacGregor est elle-mme mre de deux filles 2 . Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). In Nuclear, following the announcements of the Belgian government in Q4 2020, it has been decided to stop all preparation works that would allow a 20-year extension of two units beyond 2025, as it seems unlikely that such an extension can take place given the technical and the regulatory constraints. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Simply log into Settings & Account and select "Cancel" on the right-hand side. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Our greenhouse gas emissions from power production reduced 9% to 68 million tons as the share of coal has further decreased in 2019. Onshore wind can be 1.5 years. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. Thank you, Emmanuel, for your questions. Premium access for businesses and educational institutions. And I was interested to get your philosophy about minorities. 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. COI decreased mainly driven by a 600 million impact from the pandemic. January 7, 2021. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. I would love to hear from you. A quick word on the agenda for this morning. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. Engie board set to appoint Catherine MacGregor as new CEO. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Aarti Singhal - Director of Investor Relations. Therefore our industry is [], ENGIE steps up its energy transition, targets renewables, MacGregor to supply RoRo equipment for K Lines LNG-powered newbuilds, Equinor and Engie press ahead with H2BE hydrogen project in Belgium, Engie names Catherine MacGregor as new CEO, MacGregor to supply all-electric RoRo equipment to H-Lines PCTCs, MacGregor to equip 4 more Hegh Autoliners multi-fuel PCTCs, In focus: Investments in oil, offshore wind hit a snag. And then the second question is more for Judith. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. And second, its really focused and making sure that everybody pulls in the same direction. cookies Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. And we will now take our next question from Vincent Ayral with JPMorgan. And then the last thing I would want to mention, too, is on the positive side of this decision, is this will help us reallocate some earmarked, lets say, CapEx into, again, our growth opportunities in Renewables and in Networks. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! And Im sure thats a question youve been reflecting on as you took up the new role. 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! 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. I was happy to see so many enjoying each others company. Thank you, Sam, for your welcome message and your welcome question. We support credit card, debit card and PayPal payments. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? So these are some of the things that we are excited about when we think about our network assets, and we like it. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. We had 1.2 billion total impact last year. According to the IEAs latest sustainable development scenario, in Europe alone, energy from biomethane and hydrogen could potentially grow three times from 2019 levels to over 300 terawatt hours in 2030. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. 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. 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 in renewable energies and energy infrastructure such as cooling and heating networks. We will then consider next steps and review future ownership options for the new entity in the second half, maximizing value and acting in the interest of all our stakeholders. Tax charges were 300 million lower mainly due to the decrease in profit. And then I also had a question on the coal phase out. Yes. So I thought, on this occasion, it would be great if you could take a few minutes just to share with us sort of your perspective on why the last few years have been so difficult for ENGIE, why the 2016 asset rotation plan didnt really deliver in the end and why the current asset rotation plan may be more successful. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. 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. Catherine MacGregor a rejoint le groupe ENGIE le 1. er. The second half showed a clear recovery with less stringent confinement measures but also with improved processes and protective equipment for our teams. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Holidays ? And Ill turn to Judith maybe for the cash flow from Nuclear. Sure. #beyou #beunique #beunited ENGIE Africa We are a smaller company than Engie normally would partner with. 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! Notre lectricit est dj propre In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. 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. 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. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, Russian far-right fighter claims border stunt exposes Putins weakness, Germany seeks to buy Leopard tanks from Switzerland, Germany and Italy stall EU ban on combustion engines, Ukraine asks EU for 250,000 artillery shells a month, Russia on alert after reconnaissance group crosses over from Ukraine, Panic station at Fox News: how the Murdochs agonised over Trumps loss, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, UK housing market braced for make-or-break spring, UK cabbage king turns to plant-based proteins, Airlines plan to sue Dutch government over Schiphol airport flight cap, There are no domestic equity investors: why companies are fleeing Londons stock market, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, Deluge of inflation data pushes US borrowing costs to 2007 levels, FCA regulator blamed for Arms decision to shun London listing, Clutching Warrens letter, Im still positive on stocks. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. This impact was partially offset by higher achieved prices for our hydro power production and higher volumes produced mainly by our wind assets. And weve made some moves last year, and we will continue to do that. We are assessing the situation, which mainly affects renewables and supply activities. And lets now, indeed, look at our priorities for sustainable long-term value creation. or [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. You can see that on the recent months trading for renewable players. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. So two questions, please.

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