I was happy to see so many enjoying each others company. Judith, you want to start with the EVBox question? 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. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. So let me start then with your question on Thermal. A cycle, of course, could be 3, 4, 5 years depending on the country. All options considered for Engie's services business sale-CEO Thank you very much, James, for your question. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. So this is becoming real. Obviously, you did signal that youd be ramping up CapEx. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. 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. 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. And first question is for Catherine MacGregor. cookies One was the CapEx. You mentioned diversity of vast diversity of business line, et cetera. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! So these are some of the things that we are excited about when we think about our network assets, and we like it. So to summarize, ENGIE made progress at pace in 2020. In the past Ms. MacGregor held the position of President-Drilling Group at Schlumberger NV and Personnel Director at Oilfield Services Co. Ltd. Ms. MacGregor received an undergraduate degree from cole Centrale Paris. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. 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. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. Current positions of Catherine MacGregor And then the second question is more for Judith. 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. Recharge is part of DN Media Group. Thank you, Sam, for this question. 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. Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE 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. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. But is it bad? So without going into any specific, youre right to say that it does contribute to the simplification efforts. #Renewables: We have commissioned 2.5 GW of new #renewableenergy capacity since January and are on track to reach 4 GW by the end of the year. So when you will reinvest? 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? And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. On quick one on numbers, on guidance. 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. So no specific things to be taken into account. The peer groups done very well. So our main working scenario right now is that it wont happen. Net recurring income group share was in line with guidance but at the bottom end of the range. Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. We think its important to have a system play on renewables. Areas of expertise ; G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. We will now take the next question from Rob Pulleyn with Morgan Stanley. Catherine MacGregor - Chief . Does this mean that Equans is now getting nothing? 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. https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future/ And its hard to know theres obviously been some pretty big changes in competitive dynamics over the last couple of years. We have a strong position in Brazil, in Peru, in Chile. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. You may change or cancel your subscription or trial at any time online. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Pour les articles homonymes, voir MacGregor. Higher D&A was mainly due to accelerated amortization of some distribution assets. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. So yes. 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. analyse how our Sites are used. 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. And given that theyre contracted, to maybe accelerate other areas of the business? 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. I will now hand you back to Catherine for our 2021 priorities. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). [Foreign Language]. I think, as you pointed out, theres been a little bit of a race to gigawatts. We will now take our next question from Peter Bisztyga with Bank of America. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* Aarti Singhal - Director of Investor Relations. Maybe some thoughts. 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. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. And so from a financial impact standpoint, unlikely to be a 2021 story. 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. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. I think on the question of network convergence between gas and power, I think were a bit obviously, different drivers behind this, one, which is the trend towards more electrification is something to stay. Yes. https://noviocean.energy/documents/ But we really want to focus on a return-based growth strategy. It is important to say that our renewables growth ambition is not about entering a gigawatt race. And we will now take our next question from Vincent Ayral with JPMorgan. Many thoughtful leaders throw up their arms when it comes to taking action on climate change, thinking, understandably, that their company is just a drop in the bucket. And the second one, if I may ask, around Client Solutions. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. Is it something that you will tell us more about in May? Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. So naturally, were landing more just below a 100 million figure for 2021. 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. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. Engie's new CEO sets out with the goal of simplifying the energy group 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. On your two questions, 1 was on the tax rate. Then potentially collaborate/partner with us for less than EUR 10 m in costs, together solving the crucially important 40% of the hours of the month.

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