NATIXIS -2020 Universal Registration Document

OVERVIEW OF THE FISCAL YEAR Management report at December 31, 2020

Corporate Center 4.2.2.5

Change 2020 vs. 2019 Current

2019 pro forma

2020

(in millions of euros)

Net revenues

(54)

120

(145.4)%

Algeria

57

71

(19.5)%

NPE

3

(10)

Cross-business functions Banking operating expenses Gross operating income Provision for credit losses

(114) (460) (514)

59

(540) (421)

(14.9)% 22.2% (0.8)% 21.8%

(8)

(8)

Net Operating income

(522)

(429)

Associates

0 3

0

687

(99.6)%

Gains or losses on other assets Change in the value of goodwill

11

8

38,3%

Pre-tax profit

(508)

266

(290.7)%

Corporate Center net revenues totaled -€54 million at end-December 2020 versus +€120 million at end-December 2019.

4

A – Natixis Algeria At constant exchange rates, short-term average outstanding loans fell 11% while medium- and long-term outstanding loans decreased by 4% compared to 2019, penalized by the COVID-19 impact and the economic and political situation in Algeria. In the same period, customer deposits increased by 5% due to increased current account inflows as well as new term deposit subscriptions. Off-balance sheet commitments were up 3%, mainly driven by the increase over the year in documentary credits (in particular large companies in the automotive and household appliances sector). Natixis Algérie posted a 19% decrease in net revenues to €56.8 million compared with 2019. Excluding the exchange rate effect, net revenues were down 13% due mainly to fee income on forex transactions following the decision of the Algerian government to reduce the margins on forex transactions to 0.10% (versus 1%) from March 24, 2020. Cost of risk amounted to -€5.2 million, a decrease of €3.2 million compared to 2019.

B – Natixis Private Equity (NPE) In 2020, Natixis Private Equity (run-off) pursued its disengagement strategy and decreased its engagements by 19%. Compared to 2019, cash-at-risk commitments fell 23% to €40.5 million (mainly due to the depreciation effect of the Venture funds). At €13.4 million, off-balance sheet commitmentswere down 2% compared with 2019. Net revenues stood at €2.6 million and was up €12.9 million compared to 2019 (mostly distributionof carried interest of the EMZ 6 fund in the amount of €11 million in the first half of 2020).

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020