NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

31/12/2018

31/12/2017

Post-employment defined-benefit plans

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Supple- mentary pension benefits and other

Supplemen- tary pension benefits and other

Long- service awards

End-of- career awards

End-of-career awards

Long-service awards

Other benefits

Other benefits

Discount rate Inflation rate

2.88% 1.01% 1.16% 2.95% 2.40% 0.81% 0.92% 2.25% 2.44% 1.71% 1.70% 1.53% 2.41% 1.69% 1.69% 1.55%

Rate of increase in salaries (incl. Inflation)

2.94% 2.27% 2.27% 3.20% 2.85% 2.25% 2.25% 3.08%

Rate of increase in healthcare costs (incl. Inflation)

4.45%

4.43%

Duration (in years)

15

9

9

11

17

10

10

12

The discount rate is determined based on the yields of AA-rated corporate bonds of the same duration. This benchmark is obtained from the Bloomberg “EUR Composite (AA) Zero Coupon Yield” yield curve. For end-of-career awards and long-service awards, employee turnover is calculated by age bracket and grade based on a

three-year average. A rate of 0% is used for employees aged 60 and over. Wage growth including inflation is determined using the average rate of real compensation growth over the past six years. This wage growth is capped at the maximum nominal rate of increase seen over the same period.

5

h) Analysis of sensitivity to key assumptions

31/12/2018

31/12/2017

Post-employment defined-benefit plans

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Supple- mentary pension benefits and other

Supplemen- tary pension benefits and other

Long- service awards

End-of- career awards

End-of-career awards

Long-service awards

Other benefits

Other benefits

(in percentage)

+1% change in discount rate -1% change in discount rate +1% change in rate of increase in healthcare costs -1% change in rate of increase in healthcare costs +1% change in rate of increase in salaries and income (incl. inflation) -1% change in rate of increase in salaries and income (incl. inflation)

(10.94)% (5.78)% (4.13)% (1.73)% (12.18)% (5.83)% (4.97)% (2.80)% 15.09% 6.57% 5.36% 3.50% 15.09% 6.57% 5.36% 3.50%

1.50%

1.50%

(1.09)%

(1.24)%

12.19% 12.29% 8.23%

12.19% 12.29% 8.23%

(9.38)% (9.93)% (6.79)%

(9.57)% (10.49)% (6.96)%

i) Schedule of non-discounted payments

31/12/2018

31/12/2017

Post-employment defined-benefit plans

Post-employment defined-benefit plans

Supplementary pension benefits and other

Supplementary pension benefits and other

(in millions of euros)

End-of-career awards

End-of-career awards

n+1 to n+5 n+6 to n+10 n+11 to n+15 n+16 to n+20

125 112 102 106 415

65 85 79 99

145 127 111 112 402

61 89 90

111 210

> n+20

172

TOTAL

860

500

898

562

371

Natixis Registration Document 2018

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