NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

12.31.2018

12.31.2017

%

%

Consolidation method at December 31, 2018

Business lines

Consolidated subsidiaries

Activity

Control

Ownership

Control

Ownership

Country

COFACE AUSTRIA

Holding company

FC

42

42

41

41

Austria

Credit insurance and related services

COFACE DEUTSCHLAND

FC

42

42

41

41

Germany

CORPORATE CENTER Private Equity NATIXIS INVESTMENT CORP.

Portfolio management

FC

100

100

100

100 United States

NATIXIS PRIVATE EQUITY INTERNATIONAL Luxembourg (d)

Holding company Financial investments

100

100 Luxembourg

Corporate Data Solutions Other NATIXIS ALGÉRIE

Bank

FC

100

100

100

100

Algeria

NATIXIS ALTAIR IT SHARED SERVICES (k)

Data services

100

100

France

S.C.I. ALTAIR 1 (a)

Real estate operations

FC

100

100

100

100

France

S.C.I. ALTAIR 2 (a)

Real estate operations

FC

100

100

100

100

France

NATIXIS IMMO EXPLOITATION (a)

Real estate operations

FC

100

100

100

100

France

BPCE IMMOBILIER EXPLOITATION (o)

Real estate operations

France

FONCIÈRE KUPKA (a)

Real estate operations

FC

100

100

100

100

France

5

NATIXIS FONCIÈRE S.A. (formerly – SPAFICA) (a)

Real estate investments

FC

100

100

100

100

France

Change in registered company name in 2018. * French subsidiaries whose individual prudential oversight is performed based on Group consolidated ratios in accordance with the provisions of regulation ** (EU) No. 575/2013 of the European Parliament and of the Council of June 26, 2013 relative to regulatory requirements applicable to credit institutions and investment firms. Structured entity. (a) Diluted during the first quarter of 2018 following a capital increase reserved for the founders and the implementation of a bonus share allocation for the (b) founders. Branch newly consolidated in the first quarter of 2018. (c) Entity deconsolidated as of January 1, 2018 as the percentage interest fell below eligible levels. (d) Entity consolidated in the first quarter of 2018 after the percentage interest rose above eligible levels. (e) NIM bought back the NPE securities held by Natixis S.A. on 01.01.2018. As DAHLIA A SICAR SCA is owned by NPE, it will now be consolidated under NIM. (f) An additional 5.18% investment in Payplug was completed on 04.17.2018 (g) A 70% stake in Comiteo was acquired on 04.18.2018. (h) Newly consolidated in the second quarter of 2018 following Investima 77’s acquisition of Vermilion Partners on 04.16.2018 (i) Newly consolidated in the second quarter of 2018 following Natixis Alternative Holding Limited’s acquisition of Fenchurch Partners LLP. (j) Business activities of the entity taken over by Natixis S.A. on 04.03.2018. (k) Entity liquidated in the second quarter of 2018. (l) Entity consolidated in the second quarter of 2018 after the percentage interest rose above eligible levels. (m) Entity disposed of on June 22, 2018. (n) Entity acquired on June 26, 2018 and its activity transferred to Natixis Immo Exploitation effective October 1, 2018. (o) The ownership interest increased from 72% to 82% after Société de Cadres’ percentage interest in DNCA Finance rose from 6% to 9% on January 1, 2018 (p) and some of the put options held by managers at DNCA Finance were exercised in the second and third quarters. The ownership interest decreased from 100% to 89% after 11% of the fund's equity was sold to outside investors. (q) The ownership interest increased from 55% to 73% following the buyout of shares from a manager who left the Company in the first quarter of 2018. (r) Ownership interest decreased in the second quarter of 2018 following the implementation of a bonus share allocation for the Company director. (s) Ownership interest increased in the second quarter of 2018 following a buyback of the Company directors’ shares. (t) Fund units subscribed on April 3, 2018. (u) The ownership interest increased from 42% to 72% after some of the put options held by managers at DNCA Management were exercised in the second (v) and third quarters. The change in the net book value of consolidated UCITS and seed money investments resulted in changes in percentage interests over the period, albeit (w) without affecting the principle behind fund consolidation (maintenance of the percentage interest above eligible thresholds). Total transfer of assets and liabilities of the Natixis Lease Investment real estate CIU by Natixis Bail in the third quarter of 2018. (x) Acquisition by NIM in the third quarter of 2018 of the MV Credit group, an asset manager specialized in European private debt. (y) Entity consolidated in the third quarter of 2018 after the percentage interest rose above eligible levels. (z) The ownership interest increased from 94% to 100% following the exercising of the last put options held by the structure’s managers in the third quarter of (aa) 2018. Entity disposed of on November 8, 2018. (bb) Entity disposed of on November 23, 2018. (cc) In the fourth quarter of 2018, the three funds AEW Partners III, AEW VIF Investors and AEW VIF Investors II, used for fund management, were liquidated (dd) (non-operational shell structures). Consolidated in the fourth quarter of 2018 after the percentage interest rose above eligible levels. (ee) Changes to the consolidation scope in the fourth quarter of 2018 as part of Natixis Investment Managers’ reorganization of its investment and distribution (ff) activities in Europe. In the fourth quarter of 2018, AEW Ciloger Dependant Branch’s activity was transferred to the new subsidiary AEW Invest Gmbh. (gg) In the fourth quarter of 2018, Natixis IM sold part of its securities to the structure’s management as part of the reorganization of Seventure’s share (hh) ownership. As part of the reorganization of Ossiam’s share ownership, the management increased its stake in the structure in the fourth quarter of 2018, reducing (ii) Natixis IM’s ownership percentage to 75%. Entities treated under IFRS 5 at December 31, 2018. (jj)

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Natixis Registration Document 2018