NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Headcount, compensation and employee benefits Note 11

11.1

Headcount

Short-term employee benefits 11.2.1 This item includes wages and salaries paid within twelve months of the end of the reporting period in which the related services were rendered, employee incentives and profit-sharing, meeting the definition of short-term benefits under IAS 19R “Employee Benefits”. In accordance with this standard, short-term benefits are expensed in the period in which the employees render the services giving rise to such benefits. Deferred compensation 11.2.2 Every year since 2010, Natixis has granted share-based payment plans to certain categories of staff. The accounting treatment of these plans is described in Note 5.16. Regarding the plan approved by the Board of Directors on February 11, 2021, as these allocations had not yet formally been carried out at the reporting date, these expenses have been estimated using best available estimates of inputs at the reporting date, both in respect of the value of the share and dividend assumptions. Natixis subsidiariesmay also implement share-basedpayment plans based on their own shares. Taken individually, the impact of these plans is not material for Natixis at the consolidated level. As such, their characteristics are not outlined in the paragraphs that follow. Share-based employee retention and performance recognition plans

Number

31/12/2019

31/12/2020

Workforce (a) 19,639 Full-time equivalent current employees of Natixis at the reporting date (a) (including 105 employees of entities restated under IFRS 5 at December 31, 2020 concerning H2O). As of December 31, 2019, Coface had 3,248 employees. The breakdown of the headcount is presented in Note 6.7.1.1 of Chapter [6] “Non-financial performance report”. 16,943

Compensation

11.2

and employee benefits Compensation and employee benefits include wages and salaries net of rebilled expenses paid within twelve months of the end of the reporting period in which the services were rendered, deferred cash-settled or equity-settled variable compensation, employee incentives and profit-sharing for the period, the cost of pensions, other employee benefit obligations such as long-service awards and benefits related to capital increases reserved for employees. Payroll costs totaled €3,505 million at December 31, 2020, versus €3,980 million at December 31, 2019.

5

Long-term cash-settled payment plans indexed to the Natixis share price

Fair value of the indexed cash unit at the valuation date (in euros)

Number of units originally allocated*

Number of units acquired by beneficiaries

Year of plan

Grant date

Acquisition date

1,081,907 1,787,527 868,417 2,124,062 1,154,437

2015 plan

10/02/2016

6,084,435

Mar-2018 Mar-2019

6.11

2016 plan 2017 plan 2018 plan 2019 plan 2020 plan

10/04/2017 13/04/2018 12/04/2019 10/04/2020 20/01/2021

2,835,311 2,660,487 3,260,945 5,867,435 1,353,434

Mar-2019 Mar-2020 Mar-2020 Mar-2021 Mar-2021 Mar-2022 Mar-2022 Mar-2023 Mar-2023 Mar-2024

5.47 2.79 2.68 2.50 2.73

The expected number of units at the vesting date is funded by equity swaps. * Payments under these plans are subject to a continued servicreequirement and performance criteria.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020