NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

Goodwill 8.13

01/01/2018

31/12/2018

Acquisitions during the period

Opening balance

IFRS 5 allocations

Translation adjustments Reclassifications Other changes Closing balance

Disposals

Write-downs

(in millions of euros)

Asset & Wealth Management (a)

2,986

123

0

(27)

0

63

0

(10)

3,136

Corporate & Investment Banking (b)

77

47

0

0

0

4

0

0

129

Insurance

93

0

0

0

0

0

0

0

93

Specialized Financial Services (c)

161

20

(27)

0

0

0

0

2

157

Financial investments

281

0

0

0

0

0

0

0

281

Other activities

0

0

0

0

0

0

0

0

0

TOTAL

3,601

190

(27)

(27)

0

67

0

(8)

3,796

Of which +€122.7 million of goodwill recorded on the acquisition of MV Crédit and -€27 million for the disposals carried out: (a) -€19 million for Axeltis and -€8 million for Selection 1818. In addition, a goodwill adjustment for Investors Mutual Limited (-€9.6 million) and Mirova Althélia (-€0.2 million) was made within the one-year allocation period. Of which +€10.8 million in goodwill recorded on the acquisition of Vermilion and +€36.6 million on the acquisition of Fenchurch. (b) Of which +€20 million in goodwill recorded on the acquisition of Alter CE (Comitéo). A reclassification in the “Financial assets held (c) for sale” aggregate was also recognized in accordance with IFRS 5 in the amount of -€27.5 million: -€9.5 million for Natixis Financement, -€12.2 million for CEGC, -€5.2 million for Midt Factoring and -€0.6 million for Natixis Factor. Furthermore, goodwill on entities consolidated using the equity method amounted to €3.3 million at December 31, 2018. Certain goodwill recorded for the United States gives rise to a tax amortization over 15 years due to the difference between the carrying amount of the goodwill and its tax value. This difference in treatment generated a deferred tax liability of €335.8 million as at December 31, 2018.

5

DECEMBER 31, 2017 R

01/01/2017

31/12/2017

Acquisitions during the period

Translation adjustments

Reclassification and other activity

Opening balance

Disposals

Write-downs

Closing balance

(in millions of euros)

Asset & Wealth Management (a) (b)

3,073

104

0

0

(191)

0

2,986

Corporate & Investment Banking

87

0

0

0

(10)

0

77

Insurance (a)

93

93

Specialized Financial Services (c)

64

98

0

0

0

0

163

Coface

282

(1)

281

Corporate Center (excluding Coface)

0

0

TOTAL 3,601 Under the new strategic plan, New Dimension (see Note 10), and in line with the creation of the new Insurance business line, the Investment (a) Solutions CGU was split into two separate CGUs: “Asset & Wealth Management” and “Insurance”. Goodwill associated with the entities comprising the Asset & Wealth Management and Insurance divisions was mainly reallocated to these two new CGUs according to the entities to which they report, with each entity assigned to only one CGU. Of which +€3.2 million in goodwill recorded on the acquisition of Althelia Ecosphere. (b) Of which +€100.4 million in goodwill recorded on the acquisition of Investor Mutual Limited. Of which €11.8 million in goodwill recorded on the acquisition of Lakooz by S-Money, €14.3 million on the acquisition of PayPlug and €72.3 million (c) on the acquisition of the Fintech Dalenys. These four companies specialize in new online payment methods. Goodwill on entities consolidated using the equity method amounted to €3.2 million at December 31, 2017. Certain goodwill recorded for the United States gives rise to a tax amortization over 15 years due to the difference between the carrying amount of the goodwill and its tax value. This difference in treatment generated a deferred tax liability of €310.8 million as at December 31, 2017. 3,600 202 0 0 (201) 0

339

Natixis Registration Document 2018