NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

12.31.2017

12.31.2016

(in millions of euros)

Pre-tax profit

2,651

2,287

+/- Net charge to depreciation and amortization of property, plant and equipment and intangible assets

320

304

+/- Writedown of goodwill and other non-current assets

(5)

78

+/- Net charge to other provisions (including insurance companies’ technical reserves)

7,536

4,493

+/- Share in income of associates

(26)

(13)

+/- Net loss/(gain) on investing activities

(418)

(481)

+/- Net loss/(gain) on financing activities

87

139

+/- Other activity

(1,939)

(1,123)

= Total non-cash items included in pre-tax profit and other adjustments

5,556

3,398

+/- Decrease/(increase) in interbank and money market items

(1,958)

7,266

+/- Decrease/(increase) in customer items

14,212

(706)

+/- Decrease/(increase) in financial assets or liabilities

(18,739)

(203)

+/- Decrease/(increase) in non-financial assets or liabilities

(5,551)

1,662

- Income taxes paid

(213)

(488)

= Net decrease/(increase) in operating assets and liabilities

(12,249)

7,531

Net cash provided/(used) by operating activities

(4,042)

13,216

+/- Decrease/(increase) in financial assets and equity interests (a)

200

196

+/- Decrease/(increase) in investment property

50

143

+/- Decrease/(increase) in property, plant and equipment and intangible assets

(324)

(62)

5

Net cash provided/(used) by investing operatoins

(74)

278

+/- Cash received from/(paid to) shareholders (b)

(1,176)

(1,179)

+/- Other cash provided/(used) by financing operations (c)

(127)

(884)

Net cash provided/(used) by financing operations

(1,303)

(2,063)

Cash flow on assets and liabilities held for sale

(1)

(6)

Impact of exchange rate fluctuations on cash and cash equivalents

(1,981)

887

Net increase/(decrease) in cash and cash equivalents

(7,401)

12,312

Net cash provided/(used) by operating activities

(4,042)

13,216

Net cash provided/(used) by investing activities

(74)

278

Net cash provided/(used) by financing activities

(1,303)

(2,063)

Cash flow of assets and liabilities held for sale

(1)

(6)

Impact of exchange rate fluctuations on cash and cash equivalents

(1,981)

887

Cash and cash equivalents at beginning of period

37,969

25,656

Cash and balances with central banks

26,703

21,190

Interbank balances

11,266

4,466

Cash and cash equivalents at end of period

30,568

37,969

Cash and balances with central banks

36,901

26,703

Interbank balances

(6,333)

11,266

CHANGE IN CASH AND CASH EQUIVALENTS

(7,401)

12,312

Decrease/(increase) infinancial assets andinvestments inassociates, including inparticular: (a) cashflows related toheld-to-maturity assets intheamount of+€224million for2017 (versus+€316 million for2016); - cashflows related toinvestments inconsolidated affiliates intheamount of-€460million fromthepurchase of52%ofInvestorsMutual Limited (-€104million), 54%of - Danelys (-€91million), S-Money anditssubsidiary Lakooz (-€39 million), 97%ofBatiLeaseanditssubsidiary InterCoop (-€38million), 79%ofPayPlug (-€21million), 51%of Althelia Ecosphere (-€3million), theacquisition ofanadditional 13.67% ofOssiam (-€5million), thebuyback of40%ofBPCEAssurances fromminority interests (-€272million), +€14million incashacquired (including +€10million fortheconsolidation ofsecuritization vehiclePurpleFinance CLO1and+€4million fortheacquisition ofIML), thedisposal ofEllisphere (+€55million), IJCOFCorporate (+€9million) andIDFC (+€35million), andthepartialexercise oftheputoptiononEuroPrivateEquity (-€1million). cashflows related toinvestments innon-consolidated affiliates intheamount of+€416million, including +€380million forthedisposal ofour15%stake inCACEIS. - Cashflows received from/(paid to)shareholders included ividends paidtoBPCE intheamount of-€780 million anddividends paidtonon-group entities for-€396 million. (b) Cashflows fromfinancing activities canbebroken downasfollows: (c) apositive change inperpetual deeply subordinated notes intheamount of+€621million, partly fromtwonewissuancesubscribed tobyBPCE for$500millioneach,withthe - firstoccurring inthefirstquarter andthesecond inthelastquarter of2017 (equivalent to+€474million and+€423million, respectively), andpartly fromtherepayment inthe finalquarter ofanissuancemeasured atfairvalue in2009when initially recognized inequity intheamount of+€276million; theexpiryofanEMTN issued in2006onJanuary 20, 2017, for-€500million andtherepayment ofa loanfromBPCEonDecember 7, 2017for-€40 million; - interest paidonsubordinated notes for-€115 million; - interest paidondeeply subordinated notes recorded inequity for-€94 million. -

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Natixis Registration Document 2017