BPCE - 2020 Universal Registration Document

PRESENTATION OF GROUPE BPCE

THE GROUP’S BUSINESS LINES

ASSET & WEALTH MANAGEMENT Asset & WealthManagementdevelops solutions to meet the deposits and savings, investment, risk management and advisory needs of the various private banking and institutional customers of Natixis and the Groupe BPCE networks. Its ambition is to consolidate its position as a global leader in active portfolio management. Asset Management Ranked among the world’s top asset managers (€1,117 billion in assets under management (1) ), Natixis InvestmentManagers offers a range of diversified solutions to help investors build their portfolios. With its multi-boutique model, drawing on the expertise of more than 20 affiliated asset management companies worldwide, Natixis Investment Managers is developing the Active Thinking TM approachto help its customersachieve their targets in any market conditions. The year 2020 was marked by exceptional uncertainty and unprecedentedchallenges, with significant repercussions on revenuesand results. However,Natixis InvestmentManagers withstood this extreme test and continued to record new inflows and preserve its profitability margins. It once again demonstrated the effectiveness and resilience of the multi-boutique model. Robust and diversified, focused on performance, sources of sustainable growth and the unique needs of savers, Natixis InvestmentManagershas proven its ability to evolve accordingto circumstancesand has been able to provide advice and services to its customers. The announced merger of the rate and insurance • management activities of Ostrum AM and La Banque Postale AM was finalized. This marks the creation of a European leader in the support of investors operating with constraints on liabilities and bond management on behalf of large institutional customers,with more than €430 billion in assets under management. Natixis InvestmentManagers and H2O AM announced that • they had begun discussions with a view to a gradual and orderly settlement of their partnership by the end of 2021. This change remains subject to review and approval by the relevant regulatory authorities. In recent years, Natixis Investment Managers has • expanded its offering in real assets, and these activities are now among its main drivers of profitability, driven by strong inflows. Following the acquisition of a minority stake in 2019, WCM • is now fully integrated into the distribution platform. Since its acquisition, WCM assets under management have increased by more than 130%, to nearly $82 billion. Natixis Investment Managers continues to support the • ambitions of its affiliates to strengthen their capacities and pursue their development on a global scale. Loomis Sayles has recruited a European credit team (specializing in A-rated bonds) which will strengthen its global presence. The company ended the year with record assets and profits. Natixis Investment Managers enjoys a solid sales • momentum in most of the regions where it operates and continues to develop its distribution network. In the United States, Natixis IM has seen strong momentum in retail activity with its main distributors and through its newly

established strategic distribution partnerships. In Europe, an increase in inflows was recorded despite a difficult environment, particularly in private debt. Lastly, Natixis Investment Managers achieved significant growth in Asia, particularly in China, which validates its targeted strategy in the region. The company is on track to continue the transition of its • customers to a more sustainable investment model. In 2020, Natixis Investment Managers published its first report on responsible investment, Making a difference , which presents its approach to ESG and sustainable investment, and its latest thinking on several major challenges facing the company as a responsible investor. The Mirova affiliate, specializing in ESG and impact investing, experienced strong growth in all the regions where it operates, with a 58% increase in its assets under management in 2020 and strong net inflows. Natixis Investment Managers intends to consolidate its position as a leading player in the asset managementsector, thanks to its historic positioning in the United States and France, and will develop its presence in Europe and other key regions, such as Asia-Pacific, the Middle East, and Latin America. The company will also continue to invest in ESG strategies and impact investments, in diversity and inclusion, and to achieve noteworthyand measurableprogress in these areas. Wealth Management NatixisWealthManagement,with its French and Luxembourg footprint, offers long-term wealth management and financial solutions to support customers who are business owners, executive managers, and wealthy families. Groupe BPCE’s customersor those won directly benefit from a wide range of expertisecoveringall aspectsof their projects, at all stages of their advancement: corporate advisory, origination, vanilla and complex financing, investment,wealth engineering, and asset management.These offers have been enriched by diversificationsolutions in recent years, notably in Private Equity and life insurance, thanks to the dedicated business unit operating in open architecture.The entire value proposition is tailored to the degree of personalizationdesired by the customers and is distributed via two BtC and BtB channels. Natixis Wealth Management relies on its subsidiaries to expand its range of products and services, which can be tailor-made:Vega InvestmentManagers, its preferred partner for the production of solutions for liquid asset classes, and Massena Partners. Vega Investment Managers’ fundamental expertise in collective management, delegated management and fund selection in open architecture is complementaryto that of Massena Partners, advising private family groups and family offices, mainly in private equity. In 2020, Natixis Wealth Managementcontinued to roll out its strategic ambitions as part of its New Dimension in order to reposition its direct customer franchise on the “High Net Worth Individuals” segment, while developing its offering to serve the Group. In addition, the progress made in terms of cross-functionality between its entities and digital transformation has enabled it to facilitate and streamline interactions with customers and internally during the health crisis. This resilience contributedto exceedingbudget targets in this very unusual year.

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(1) On December 31, 2020.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE