NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

As of December 31, 2019 – reported

31/12/2019

Corporate & Investment Banking

Corporate Center and Financial Investments (excluding Coface) (c) (d)

Asset & Wealth Management (b)

(in millions of euros)

Insurance

Payment

Coface

Total

Net revenues

3,760

3,223

846

423

772

195

9,219

2018/2019 change (a)

10%

3%

7%

(4)%

Expenses

(2,492)

(2,170)

(478)

(370)

(561)

(584)

(6,655)

2018/2019 change (a)

10%

2%

7%

(2)%

1,268

1,053

368

52

211

(388)

2,564

Gross operating income

2018/2019 change (a)

10%

6%

8%

(8)%

Provision for credit losses

(8)

(312)

0

(2)

(10)

1

(332)

2018/2019 change (a)

78%

55%

1,260

741

368

50

201

(388)

2,232

Net operating income

2018/2019 change (a)

9%

(9)%

8%

(13)%

Associates

1

10

10

0

0

0

21

2018/2019 change (a)

(68)%

(10)%

(32)%

(27)%

Other

5

(15)

0

0

7

695

692

2018/2019 change (a)

(87)%

Income before tax

1,266

737

378

50

208

307

2,945

2018/2019 change (a)

6%

(11)%

6%

11%

Net income Group share

662

527

258

34

50

365

1,897

2018/2019 change (a)

6%

(11)%

6%

11%

This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2019.

(a) (b)

Change between December 31, 2019 and December 31, 2018.

Of which for Asset Management: - net banking income: €3,511 million; - expenses: -€2,253 million;

- gross operating income: €1,258 million; - provision for credit losses: -€6.5 million; - pre-tax profit: €1,257 million. Of which short -term cash: Net banking income: €114 million;

(c)

5

- expenses: -€65 million; - gross operating income: €49 million; - provision for credit losses: €0 million; - pre-tax profit: €49 million. Net revenues and operating expenses attributable to the Corporate Center include the residual impact of the activities sold to BPCE in the first quarter, subsequent to their deconsolidation at March 31, 2019. The impact (d) on net revenues came to €22.3 million and the impact on operating expenses amounted to -€22.5 million, both are primarily related to EuroTitres.

Breakdown of net revenues

(in millions of euros)

Net revenues

2018/2019 change

Asset & Wealth Management

3,760

10%

Asset Management

3,511

7% 3% 6% 3%

Wealth Management

149 100

Employee Savings

Corporate & Investment Banking

3,223 1,396 1,803

Capital Markets (a)

15%

Global finance & Investment banking

1%

Other

24

(56)%

Insurance

846 423 772 195

7%

Payment

Financial Investments

Corporate Center

TOTAL

9,219

(4)%

Of which €1,535 million excluding the net revenues of the XVA desks, which can be broken down into €1,118 million in net revenues for FICT and €417 million for Equities. (a)

365

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020