NATIXIS -2020 Universal Registration Document

4 OVERVIEW OF THE FISCAL YEAR Information about Natixis S.A.

significant increase in the cost of individual risk in the context of the COVID -19 health crisis (in particular air transport industry). It also includes the impact of the provisions for outstandings of independent American oil & gas producers in the United States, whose withdrawal has been announced by Natixis, as well as that related to credit fraud identified in particular in Asia. Together, these items brought operating income to +€42 million, down -€821 million. At December 31,2020, the gains or losses on fixed assets amounted to -€110 million, a decrease of -€1,369 million. The balance for 2019 mainly corresponds to the €1,092 million capital gain from the sale to BPCE of the Sureties & Financial Guarantees, Leasing, Factoring, Proposed allocation of earnings 4.5.2. Natixis’ financial statements at December 31, 2020, showed positive net income of €142,691,880.31 and, taking into account retained earnings of €3,250,193,296.65, showed distributable earnings of €3,392,885,176.96.

Consumer Finance and Securities Services businessesof the former SpecializedFinancial Services division. The balance for 2020 notably includes a provision for Coface securities of -€38 million. Net income after tax was +€143 million versus +€2,242 million in 2019. At December 31, 2020, the balance sheet totaled €345,669 million versus €438,497 million at December 31, 2019. This significant decrease is mainly due to the application of ANC Regulation No. 2020-10 on the presentation of security borrowing, with a pro forma impact of -€66,577 millionon the total balance sheet for 2019 and to a change in the presentation of premiums with a pro-forma impact on the total balance sheet for 2019 of -€16,416 million.

The third resolution thatwill be put before the General Shareholders’ Meeting on May 28, 2021, proposes to: pay an ordinary dividend of €189,357,090.12; V allocate the remaining distributable earnings to retained earnings, V i.e. €3,203,528,086.84.

Sumptuary and non-deductible expenses 4.5.3.

In accordance with the provisions of Articles 223 quater and 223 quinquies of the French General Tax Code, please note that the financial statements for the past financial year do not include sumptuareyxpenses that are not deductible from taxable income.

Payment terms 4.5.4.

In accordance with Article D.441-4 of the French Commercial Code, supplier invoices that have been received but remain unpaid at the reporting date (for a total amount including tax o€f 45.1 million) are as follows:

Late payment tranches

Total (1 day and over)

0 day (indicative)

61 to 90 days 91 days and over

1 to 30 days

31 to 60 days

Total amount of invoices concerned incl. tax (in millions of euros) Percentage of total amountof purchases including tax for the fiscal year Number of invoices concerned

43.8

0.8

0.1

0.1

0.3

1.3

2.68%

0.05%

0.00%

0.00%

0.02%

0.08%

770

101

This information does not include banking transactions andrelated operations. For debt and receivablesassociatedwith Natixis S.A. clients, please refer to Note 37 of Chapter [5.3]on assets and liabilities by maturity, which provides information on their residual maturity.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020