MEETING NOTICE COMBINED GENERAL SHAREHOLDERS’ MEETING 2021 FRIDAY MAY 28, 2021 AT 3:00 PM behind closed doors at 30, avenue Pierre Mendès-France - 75013 Paris The entire general meeting, live and recorded, will be broadcasted on the Company’s website www.natixis.com
Combined general shareholders’ meeting ON FRIDAY, MAY 28, 2021 AT 3:00 P.M. BEHIND CLOSED DOORS
CHAIRMAN’S FOREWORD
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KEY FIGURES
4
MANAGEMENT REPORT AT DECEMBER 31, 2020
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ESR COMMITMENTS
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STRATEGIC PLAN «NEW DIMENSION» 2018-2020
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CORPORATE GOVERNANCE OF NATIXIS AT MARCH 1, 2021
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NATIXIS COMPENSATION POLICY
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SUMMARY OF RELATED-PARTY AGREEMENTS IN FORCE
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SUMMARY TABLE ON THE USE OF CAPITAL AUTHORIZATION IN 2020
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AGENDA
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REPORT OF THE BOARD OF DIRECTORS ON THE RESOLUTIONS SUBMITTED TO THE SHAREHOLDERS’MEETING AND DRAFT RESOLUTIONS
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SUMMARY TABLE ON THE FINANCIAL RESOLUTIONS
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HOW TO PARTICIPATE IN THE GENERAL SHAREHOLDERS’ MEETING
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REQUESTS FOR DOCUMENTATION AND INFORMATION
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NATIXIS’ SHAREHOLDERS, VOTE ON LINE!
Pursuant to the provision of the French Commercial Code, the legal and regulatory notifications for this meeting were published: › ON APRIL 5, 2021 , in the Bulletin des Annonces Légales Obligatoires; › ON MAY 7, 2021 , in the Bulletin des Annonces Légales Obligatoires, in the Petites Affiches and in Les Echos (national daily); › ON MAY 14, 2021 , in Le Revenu (weekly magazine);
The voting session prior to the Shareholders’ Meeting is open to bearer or registered shares holders, from one share held. The VOTACCESS marketplace records the votes from Thursday, May 6, 2021 (10 a.m.) until the day before the Meeting (3 p.m.), i.e. until Thursday, May 27, 2021 at 3 p.m. In addition to voting, this tool gives proxy to the Chairman of the General Shareholders’ Meeting or proxy to a third party. The VOTACCESS connection is possible from the consulting tool of the shareholders’ securities portfolio. The vote for bearer shares is cast via the Internet portal made available to the shareholder by the financial intermediary. The vote for registered shares is cast via OLIS- Shareholder, the interactive website provided by CACEIS Corporate Trust.
All legal informationanddocumentations as set forth by Article R.22-10-23 of the French Commercial Code may be consulted online on the Natixis’ Website: www.natixis.com .
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Message from Laurent Mignon, Chairman of the Board of Directors
Despite the context of 2020, Natixis posted a positive net income for the full year and in the fourth quarter recorded its best performance in more than two years despite a high level of cost of risk, thanks to a marked rebound in the activity of its business lines. These positive results demonstrate the agility of our business model and the daily commitment of our teams to serving our customers. Through its results and its solid financial position, Natixis demonstrates its ability to create sustainable value for all its stakeholders and also returns to dividends of €0.06 per share to its shareholders. Natixis will also inform its shareholders of the main developments concerning the proposed simplified public offer filed by BPCE, targeting the 29.3% of share capital of Natixis that it does not already hold. This is part of an ambitious industrial project to support the development of Natixis’ business lines. The Board of Directors, Nicolas Namias and I would like to thank all the teams and, more generally, all those who mobilized in 2020 to face this unprecedented crisis. We would also like to thank our customers for the trust they have placed in us throughout the year. In this brochure, you will find all the information you need for this meeting, including the agenda, all the draft resolutions submitted for your vote and the terms and conditions of participation. Solid fundamentals to continue to support our customers and commit to an ambitious strategic plan
Dear Natixis Shareholder, T he next meeting of our General Shareholders’ Meeting will take place on Friday, May 28, 2021 at 3 p.m. at the registered office, 30 avenue Pierre Mendès France, 75013 Paris. It will be held behind closed doors due to health restrictions. Before the General Shareholders ’Meeting, shareholders will be invited to vote by Internet or by mail and to attend the live broadcast of the general meeting on the day of the Meeting. Committed to shareholder dialogue, Natixis will offer shareholders the opportunity to ask unwritten questions prior to the General Shareholders’ Meeting from Monday, May 24, 2021, until the day before the Meeting (i.e. Thursday, May 27 at 3 p.m.). These questions will be grouped into main themes and will be answered whenever possible at the General Shareholders’ Meeting. We will have the opportunity to look back on the year 2020, which was an exceptional year in many respects.
Laurent Mignon Chairman of the Board of Directors
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NATIXIS MEETING NOTICE 2021
Key figures 2020
KEY FIGURES 2020
Key figures 2020 In 2020, Natixis posted positive net income for the full year thanks to a marked rebound in its business lines. These good results demonstrate the agility of its business model and the daily commitment of its teams to serving its customers. Through its results and its solid financial position, Natixis demonstrates its ability to create sustainable value for all its stakeholders and also returns to dividend payments.
Strong expertise in four business lines
> Asset Management > Wealth Management > Employee savings schemes ASSET MANAGEMENT AND FORTUNE
CORPORATE & INVESTMENT BANKING > Investment Banking and acquisitions and disposals > Structured financing > Capital market > Trade finance and cash management > Coverage
INSURANCE
PAYMENTS
> Life & Personal Protection Insurance > Non-life insurance
> Issue > Acquisition > Processing > Fight against fraud > Prepaid
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NATIXIS MEETING NOTICE 2021
KEY FIGURES 2020
A worldwide presence
KEY FIGURES
Over 16,000 employees in 36 countries
EMEA* 13,000
NORTH & SOUTH AMERICA 2,700+
ASIA PACIFIC ≈900
* EMEA: Europe, Middle East, Africa (headcount at December 31, 2020) excluding financial investments
Financial results
(in millions of euros)
2020 (1)
2019 (1)
2018
2017
2016
Net Revenues
7,306
8,485
9,616
9,467
8,718
Gross operating income
1,478
2,369
2,793
2,835
2,480
Pre-tax profit
579
2,745
2,661
2,651
2,287
NET INCOME (GROUP SHARE) REPORTED
101
1,897
1,577
1,669
1,374
Cost/income ratio reported
79.8%
72.1%
71.0%
70.1%
71.6%
77.3%
71.3%
70.9%
68.9%
71.4%
Underlying cost/income ratio (2)
RoE reported
-0.1%
11.1%
9.2%
9.6%
7.9%
2.4%
7.8%
9.4%
9.9%
7.9%
Underlying RoE (2)
RoTE reported
-0.1%
14.3%
11.8%
11.9%
9.9%
3.0%
10.0%
12.0%
12.3%
9.9%
Underlying RoTE (2)
(1) Figures restated as communicated on April 20, 2020 following the announced disposal of a 29.5% stake in Coface (reported accounting data). (2) Excluding exceptional items.
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
Management report at December 31, 2020
Significant events for 2020
Macro-economic context Growth and monetary policies
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
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MANAGEMENT REPORT
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
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MANAGEMENT REPORT AT DECEMBER 31, 2020
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MANAGEMENT REPORT
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
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MANAGEMENT REPORT
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MANAGEMENT REPORT AT DECEMBER 31, 2020
Consolidated results
Change 2020 vs. 2019 Current
2020
2019 pro forma
49 84774:9> :1 0@=:>
Constant
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12
NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
Pre-tax profit L _ aEADDAGF AF HJGNAKAGF >GJ 2A438C ;>BB4B O9K MH K@9JHDQ ;GEH9J=< OAL@ >AJKL
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NATIXIS MEETING NOTICE 2021
MANAGEMENT REPORT AT DECEMBER 31, 2020
Consolidated financial statements Consolidated balance sheet – Assets
49 84774:9> :1 0@=:>
Notes
31/12/2019*
31/12/2020
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NATIXIS MEETING NOTICE 2021