Do you see eventually opportunities in the future going forward with the convergence between power network and gas network considering the evolution of the hydrogen, Catherine? 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. Welcome again to Catherine. CEO - Engie. 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. Even if you ten-double the installations of these sources, the 40% remains. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. 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.. So the 150 million I gave is correct. cookies Watch th. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. And we will now take a last question from Louis Boujard with ODDO. 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. And so to in that respect, I think your comment might be valid. - Contribute to measures to support purchasing power Find here the list of all the sessions presented by this speaker in order not to miss any of it. Aprs avoir t auditionne par les cabinets de recrutement Korn Ferry et NB Lemercier & Associs, elle est nomme directrice gnrale d'Engie le 2 octobre 2020, avec entre en fonctions le 1er janvier 2021. These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. We intend to retain a higher ownership of our renewables project where it is strategically and economically rational as we indicated in our strategic orientation. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. janvier 2021 en qualit de Directrice Gnrale. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. A warm welcome as well to you, Catherine MacGregor. 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. We also continued to benefit from the cost actions launched in the second quarter. Yes. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. And my second question will be more accounting related regarding EVBox. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line 2mo Glad to see all the progress. Ladies and gentlemen, this concludes this conference call. So there will be a capital gain on this. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. 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. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. A quick word on the agenda for this morning. The first one is on strategy. And that will be something that we will be describing a bit more in details in May. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? And so our whole plan that weve announced today, and obviously, very pleased to have made this announcement today, includes for each of these networks solution to convert the coal to other source of feedstock. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? On your two questions, 1 was on the tax rate. However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. Yes, its hard to give any precise guidelines on that because, of course, it depends on the M&A and greenfield mix, and it depends on the type of projects that youre after. What are you looking at? I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. 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. This was mainly due to impairments, especially related to our nuclear reactors. 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. 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. Holidays ? Live from New York and. 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. You mentioned that you would also phase out coal in district heating. Were very pleased. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. 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. 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. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. Yes. We will now take the next question from Rob Pulleyn with Morgan Stanley. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? So let me start then with your question on Thermal. Vocs conseguem nos apoiar? And so we will not give specific assets, of course, at any given time. - Accompany our customers in their decarbonization strategies to face the climate emergency Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. I wish to thank Paulo Almirante, Judith Hartmann and Claire Waysand who will continue to serve as the interim management team until January 1st., I would like to thank the Board of Directors for the confidence it shows in me. Tax charges were 300 million lower mainly due to the decrease in profit. And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. Catherine will then come back and share our priorities. So no specific things to be taken into account. So again, of course, I mean, it 2020 was heavily impacted. So in general, we have 31-gigawatt portfolio. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. And Judith, you want to comment, please, on the impairment? We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. 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. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Altogether, these units can contribute to a yearly production of up to 3.9 terawatt hours, equating to the annual gas consumption for hitting approximately one million new build homes in France. This is what I am committed to. And so we consider that these are going to be very important in the near term at least in order to maintain a power system that is both robust and affordable, which was some of the features that I described in my talk, as extremely, extremely important for this energy transition. And then the second one, its for Catherine. 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, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). When expanded it provides a list of search options that will switch the search inputs to match the current selection. And so were excited about this transaction. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. You can update your choices at any time in your settings. 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! Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. organisation She occupied a number of roles within [] So thats a positive. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. 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. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. 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. 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. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. We also continued our relentless pursuit of simplifying the group. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects.