Euronext - 2019 Universal Registration Document

Euronext, a sustainable exchange 3 Value Creation by Euronext

3.1 Value Creation by Euronext

The Euronext’s inputs are financial, intellectual, human, social and natural. With those inputs Euronext brings value for its different stakeholders by connecting local economies to global markets, accelerating innovation and sustainable growth and accelerating the transition to a more sustainable economy. Euronext gives companies access to capital through IPO, through increase of capital or through the debt route. It allows investors to get returns either by way of capital appreciation (growth) or timely income (dividends). It facilitates not only domestic investments but also bring in foreign money which is used for further development and growth. It also promote an environment that encourages collaborative work, learning and innovation for all its employees.

Euronext is a pan-European exchange group offering a diverse range of products and services and combining transparent and efficient equity, fixed income securities and derivatives markets in Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris. Euronext’s businesses comprise listing, cash trading, derivatives trading, FX trading, investor services, advanced data services, post- trade and technologies and other corporate services. The purpose of every company is to create sustainable value for shareholders and stakeholders. Euronext Value creation model has been developed according to the IRCC Framework. It shows how the Company uses the resources, capabilities and expertise at its disposal to create value. The model transforms the different capital inputs into value outputs and impacts that over the short, medium and long-term create value for the Company, our stakeholders and the society at large.

Euronext’s Business Model: to connect local economies to global markets, to accelerate innovation and sustainable growth Euronext ESG mission: to accelerate the transition to a more sustainable economy

BUSINESS MODEL

Inputs

Outputs

Financial capital The pool of funds that is available to an organization for use in the production of goods or the provision of services or obtained through financing: Listing fees, trading fees, clearing fees, market data’s fees, … Intellectual capital Organizational, knowledge- based intangibles, including intellectual property, such as patents, copyrights, software, rights and licenses

5 Impact areas Our Markets Our environnement Our People Our Partners Our Society 11 Key issues „ Actethically,with integrityand thehigheststandards in terms ofgoodgovernance „ Developskillsand retain talents inanopencultureofdialogue „ Educateandengagewith localcommunities „ Educatepartnersonfinancial literacyandRegulations „ Foster “Issuer-Investor”dialogue „ Maintainanongoingdialoguewithmultistakeholderpartnerships „ Organisea trusted, fair, transparentandefficientmarket, therebyenhancingaccess tocapital „ Promoteanddevelopsustainableand innovativeproducts „ Promotediversity „ Reduceourowncarbon footprintandcontribute to theprotection of theEnvironment „ Respecthuman rightsand local labour laws

Financial capital Net operating income, dividend, capital raised, market cap, EPS, share price, …

Social capital Access tocapital,Shareholder

Corporate Services

Listing

value,Transparent and reliable market place Services to issuers, Sustainable products Deep liquidity pool

Trading

Technology solutions

Federal Model

Human capital Talent development, Financial education

Human capital Skills, team, people, knowledge, …

Advanced data services

Clearing

Custody & Settlement

Social capital The institutions and the relationships within and between communities, groups of stakeholders and other networks, and the ability to share information to enhance individual and collective well-being Natural capital All renewable and non-renewable environmental resources and processes that provide goods or services, i.e. energy, database

Impacts

Euronext is the only pan-European exchange operating across multiple jurisdictions with an harmonised regulatory framework, a Single Order Book and a single trading platform offering access to all markets through a single connection.

FEDERAL MODEL

COMPETITIVE ENVIRONMENT On the corporate listing side, competition between exchanges for domestic issuers is rare. When a domestic issuer lists on another exchange, it tends to be on an sector specific market rather than on another European stock exchange, in particular in respect of global companies and SMEs in the technology sector. As part of its

Agility for Growth strategy, Euronext strives to attract issuers from new markets: Germany, Switzerland, Italy and Spain and therefore will face the competition of local market operators. Euronext has offices in four European cities outside its core markets – in Munich (Germany), in Milan (Italy), in Madrid (Spain) and in Zurich (Switzerland) – to assist Tech companies in developing their business on a greater scale through capital markets. Euronext has welcomed

60

www.euronext.com

2019 UNIVERSAL REGISTRATION DOCUMENT