NATIXIS - Meeting notice combined general shareholder's meeting

Sales momentum in 2018 was also outstanding. Natixis Payments demonstrated its ongoing service to major corporate clients through partnerships forged with: › the Carrefour Group, by ensuring the interoperability of card payment transactions by integrating the Nexo international payment acceptance standards on the Natixis platform; › SNCF, which now has a fully integrated solution for its Personal Mobility Assistant, making it easier to offer in-app payment services in the future; › Casino Group, by jointly developing an e-wallet to offer seamless, secure payments to Cdiscount customers; and › Wynd, the omni-channel platform, to design a disruptive solution to streamline the point-of-sale and payment experience through innovative sales channels, giving retailers a value-added omni-channel service.

This development of the business lines went hand-in-hand with strict financial management: › liquidity needs remained under control over 2019 and posted a 3% year-on-year increase; › the consumption of BaselɄ 3 RWA was down 1% year-on-year to €109.2Ʉbillion. In light of the earnings generated over the course of 2018, an ordinary dividend payment of €0.30 per share, i.e. 64% of distributable earnings, will be proposed at the General Shareholders’ Meeting that will take place on MayɄ28, 2019.

CONSOLIDATED RESULTS

Change 2018/2017

2017 pro forma

(in millions of euros)

2018

%

%*

Net revenues

9,616

9,467

+1.6%

+3.1%

o/w main business lines

8,917

8,810

+1.2%

+2.8%

Expenses

(6,823)

(6,632)

+2.9%

+4.2%

Gross operating income

2,793

2,835

(1.5)%

+0.5%

Provision for credit losses

(215)

(258)

(16.9)%

Net operating income

2,578

2,577

+0.1%

29

26

+13.2%

Associates

Gains or losses on other assets

54

48

+11.2%

Change in value of goodwill

0

0

Pre-tax profit

2,661

2,651

+0.4%

(781)

(789)

(1.0)%

Tax

Non-controlling interests

(304)

(192)

+57.9%

Net income (Group share)

1,577

1,669

(5.5)%

› C ost/income ratio

71.0%

70.1%

› Shareholder’s equity (average)

16,145

16,352

› ROE

9.2%

9.6%

› ROTE

11.8%

11.9%

* At constant exchange rates.

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NATIXIS 2019 MEETING NOTICE