NATIXIS -2020 Universal Registration Document

OVERVIEW OF THE FISCAL YEAR Management report at December 31, 2020

Appendix to 4.2.2 – Consolidated Results 1 – Management results reclassified as consolidated results in 2020

Non-recurring items

2020 Investor Relations

Coface reclassi- fication

2020 Restated

2020 Reported

Corporate Center

(in millions of euros)

AWM

CIB

Insurance

Payments

Coface

Net revenues

7,405

0

(14)

(86)

7,306

7,306

Banking operating expenses

(5,727)

(46)

(11)

(7)

(37)

(5,828)

(5,828)

Gross operating income

1,678

(46)

(11)

(14)

(7)

(123)

1,478

1,478

Provision for credit losses

(851)

0

(851)

(851)

Net Operating income

827

(46)

(11)

(14) (23)

(7)

(123)

626

626

Associates

17

0 0 0

(6)

(47)

(53)

Gains or losses on other assets Change in the value of goodwill

6 0

(48)

(42)

(146)

(187)

0

0

Pre-tax profit Income taxes

850

(93)

(11)

(37)

(7)

(123)

579

(192)

386

(260)

10

3

4

2

37

(204)

(204)

Non-controlling interests

(83)

2

0 0

(81)

(81)

Contribution of Coface

11

(203)

(192)

192

0

Reportable net income Group share

517

(81)

(8)

(33)

(5)

(86)

(203)

101

101

Cost/income ratio

77.3%

79.8%

79.8%

4

2 – Management results reclassified as consolidated results in 2019

Non-recurring items

Contri- bution disposed scope

2019 Investor Relations

Coface reclassi- fication

2019 Restated

2019 Reported

Corporate Center

(in millions of euros)

AWM

CIB Insurance

Payments

Coface

Net revenues

8,466

0

19

8,485

22

712

9,219

Banking operating expenses

(6,036)

(9)

(27)

(6)

(5)

(33)

(6,115)

(22)

(517)

(6,655)

Gross operating income

2,430

(9)

(27)

(6)

(5)

(14)

2,369

0 0 0 0 0 0 0 0 0 0

195

2,564

Provision for credit losses

(330)

0

(330)

(2)

(332)

Net Operating income

2,100

(9)

(27)

(6)

(5)

(14)

2,039

193

2,232

Associates

21

0

21

0 2 5

21

Gains or losses on other assets Change in the value of goodwill

2 0

(15)

697

685

687

0

0

5

Pre-tax profit Income taxes

2,123 (556) (262)

(9)

(42)

(6)

(5)

684 (74) (33)

2,745 (616) (295)

200 (53) (84) (62)

2,945 (669) (380)

3

7

2

2

Non-controlling interests

Contribution of Coface

65

0

(2)

62

0

Reportable net income Group share

1,370 71.3%

(6)

(34)

(4)

(3)

577

(2)

1,897 72.1%

0

0

1,897 72.2%

Cost/income ratio

241

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020