NATIXIS - 2021 Meeting notice combined general shareholder's meeting

NATIXIS - 2021 Meeting notice combined general shareholder's meeting

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

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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 .

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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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

Real Assets /@= '40; BB4CB :MKAF=KK DAF=K O@A;@ AF;DM<= L@= NA9LAGF $F>J9KLJM;LMJ= 9F< -=9D KL9L= #GL=DK /GMJAKE K=;LGJK HJGN=< N=JQ J=KADA=FL /@= H9KK=F?=J 9AJ LJ9FKHGJL K=;LGJ O9K H9JLA;MD9JDQ 9>>=;L=< :Q L@= *1$ =HA<=EA; $L AK :=?AFFAF? LG J=;GN=J KDGODQ DA?@LK OAL@ 9 DGO D=N=D G> :MKAF=KK 9F< AFL=JF9LAGF9D LJ9N=D $F L@AK ;@9DD=F?AF? =JAG< )9LAPAK ;GFLAFM=< LG KMHHGJL ALK ;DA=FLK :GL@ 9AJDAF=K 9F< D=9KAF? ;GEH9FA=K :Q HJGNA9;ADALA=K HGJL>GDAG >AF9F;AF? 9F< LJ9FK9;LAGFK ?M9J9FL==< :Q =PHGJL ;J=J9KLJM;LMJ=^ 9F< ] F=J?Q^ @=D< MH O=DD LG L@= ;JAKAK J9KLJM;LMJ= K=?E=FL 9F< L@= J=F=O9:D= =F=J?Q K=;LGJ !GJ =P9EHD= )9LAPAK 9JJ9F?=< FME=JGMK KGD9J H9JCK AF @AD= .GFF=AJEK )9LAPAK\ AF9F;AF? 9JJ9F?=E=FLK )9LAPAK J9FC=< K=;GF< AF L@= $% "DG:9D '=9?M= /9:D= >GJ ALK H=J>GJE9F;= AF "DG:9D /=D=;GEK (' >GMJL@ AF '9L9E $F>J9KLJM;LMJ= !AF9F;= (' 9F< =A?@L@ OGJDD=;LAF? ALK =PH=JLAK= AF AF>J9KLJM;LMJ= >AF9F;AF? Trade & Treasury Solutions /J9<= /J=9KMJQ .GDMLAGFK MF<=JO=FL LJ9FK>GJE9LAGF AF FGO ?JGMH=< OAL@ =PHGJL ;J=GJ ;MKLGE=JK AF L@=AJ =F=J?Q LJ9FKALAGF OAL@ AFFGN9LAN= HJG LJ9FK9;LAGFK >:@=.0 "0=20=8,=60?

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NATIXIS MEETING NOTICE 2021

MANAGEMENT REPORT AT DECEMBER 31, 2020

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MANAGEMENT REPORT

11

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NATIXIS MEETING NOTICE 2021

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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Analysis of changes in the main items comprising the consolidated income statement Net revenues )9LAPAK\ =4C A4E4=D4B KLGG< 9L _ aEADDAGF 9L =;=E:=Ja JGE 9L ;GFKL9FL =P;@9F?= J9L=K L _ aEADDAGF =4C A4E4=D4B ?=F=J9L=< :Q L@= E9AF :MKAF=KK DAF=K O=J= L@= *1$ ;JAKAK O@AD= L@= $FKMJ9F;= 9F< +9QE=FLK =DD 9L ;GFKL9FL =P;@9F?= J9L=K GJHGJ9L= $FN=KLE=FL 9FCAF? F=L J=N=FM=K O=J= MFA?>A0C4 4=C4A =4C A4E4=D4B O@A;@ FGO AF;DM<= )9LAPAK D?eJA= 9F< )9LAPAK +JAN9L= IMALQ JMF G>> 9;LANALA=K KLGG< 9L _ aEADDAGF AF N=JKMK _ aEADDAGF AF /@=Q AF;DM<= _ aEADDAGF >GJ L@= J=LMJF G> >GJ=A?F ;MJJ=F;Q .)K LG L@= @AKLGJA; =P;@9F?= J9L= N=JKMK _ aEADDAGF AF

Operating expenses and headcount '42DAA8=6 4G?4=B4B C>C0;43 _ aEADDAGF L@= $FKMJ9F;= 9F< +9QE=FLK _ aEADDAGF LG L@= .AF?D= -=KGDMLAGF !MF< N=JKMK _ aEADDAGF AF L@= >AJKL @9D> G> 4032>D=C 9L L@= =F< G> L@= H=JAG< KLGG< 9L !/ MH Q=9J GF Q=9J MH KDA?@LDQ :Q AF L@= :MKAF=KK DAF=K 9F< MH >GJ L@= GJHGJ9L= =FL=J 9>L=J =PH9FMF;LAGFK 9F< $/ L=9EK AF +GJLG Gross operating income A>BB >?4A0C8=6 8=2><4 LGL9D=< _ aEADDAGF AF K@9JHDQ

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 @9D> O@=J= AL LGL9D=< _ aEADDAGF /@=aHJGNAKAGF >GJ ;J= L@= E9AF :MKAF=KK DAF=K 9K 9 H=J;=FL9?= G> 9KK=LK 9EGMFL=< LG a:9KAK HGAFLK AF N=JKMK a:9KAK HGAFLK AF -=N=FM=K >JGE BB>280C4B ;DAE:=< LG _ aEADDAGF AF N=JKMK _ aEADDAGF AF 08=B >A ;>BB4B >= >C74A 0BB4CB LGL9D=< _ aEADDAGF AF G> O@A;@ _ aEADDAGF O9K 9LLJA:ML9:D= LG L@= DGKK GF L@= # N=JKMK _ aEADDAGF AF G> O@A;@ _ aEADDAGF O9K 9LLJA:ML9:D= LG L@= L@= J=L9AD :9FCAF? 9;LANALA=K LG + a. AF L@= >AJKL IM9JL=J G> 70=64 8= C74 E0;D4 >5 6>>3F8;; O9K FAD AF &A4 C0G ?A>58C L@=J=>GJ= LGL9D=< _ aEADDAGF AF N=JKMK _ aEADDAGF AF

Recurring net income (Group share) /@= J=;MJJAF? C0G =PH=FK=K ;9E= LG _ aEADDAGF AF OAL@ 9F =>>=;LAN= L9P J9L= G> #8=>A8CH 8=C4A4BCB ;9E= LG _ aEADDAGF N=JKMK _ aEADDAGF AF L@= >AJKL @9D> AF DAF= OAL@ L@= <=;J=9K= AF # J=KMDLK /@= 2>=CA81DC8>= >5 >5024 FGO HJ=K=FL=< K=H9J9L=DQ GF L@= AF;GE= KL9L=E=FL LGL9D=< _ aEADDAGF G> F=L AF;GE= AF O@A;@ AF;DM<=K L@= GF= G>> AEH9;LK J=D9L=< LG ALK JGE KKG;A9L=K AF L@= >AJKL IM9JL=J G> N=JKMK _ aEADDAGF AF /@AK A4BD;C43 8= 0 ?>B8C8E4 =4C 022>D=C8=6 8=2><4 G> _ aEADDAGF AF ;GEH9J=< OAL@ _ AF >=B>;830C43 <0=064<4=C '% 9>L=J L9P =P;DM >=B>;830C43 <0=064<4=C '%) 05C4A L9P =P;DM

MANAGEMENT REPORT

13

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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

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