NATIXIS // 2021 Universal Registration Document

4 COMMENTS OF THE FISCAL YEAR Post-closing events

Post-closing events 4.4

For details of these post-closing events, please refer tochapter [5 section 5.1 note 1.3].

Information about Natixis S.A. 4.5

Natixis S.A.’s income statement 4.5.1

2021

2020

2021 vs. 2020 (%)

2021 vs. 2020 (%)

2021 vs. 2020 (%)

Mainland France

Natixis S.A. 3,426 (2,706)

Mainland France Branches Natixis S.A.

Branches

Net banking income

1,909 (1,970)

(10)

1,517 (735)

49 16

9

2,125 (1,775)

1,020 (634)

3,145 (2,409)

General operating expenses Gross operating income

11

12 (2)

(61)

(117) (123)

781 (35)

102 (91)

720

350

386

736

Cost of risk

67

33

(105) 1,692

(292)

(402)

(694)

Net operating income

6

(90)

747 (4,767)

753

58

(16) (10) (26) (16)

42

Gains/(losses) on fixed assets

(119) (113)

20

5

(153)

(114)

4

(100)

(110)

Income before tax

173

752 (2,992)

639 (1,044)

(42) 227

(68) 211

Income tax

(23)

(110)

(61)

282

(84)

(140)

Funding/reversals of funding for general banking risks and regulated provisions

0

N/A

0

N/A

0

N/A 287

0

0

0

Net income/(loss)

(136)

(173)

691 (1,745)

555

185

(42)

143

As at December 31, 2021, Natixis S.A.’s gross operating income stood at €720 million, a -€16 million decrease compared with December 31, 2020, despite a €281 million increase in net banking income. This decrease was mainly due to an increase in operating expenses of €297 million. Within the net banking income, the interest margin increased by €58 million, mainly from the activity of the branches. This increase reflects, in particular, the good momentumof new production for the fiscal year from the financing business lines. Net commissions decreased by -€7 million to stand at €427 million. This change in fee and commission income can be broken down into -€26 million in net fee and commission income on off-balance sheet transactions, €68 million on transactionswith customers, €26 million in securities transactions, and -€73 million in financial service or payment instrument transactions. Dividends paid by Natixis subsidiaries decreased by -€436 million, of which, in particular -€233 million for Natixis Assurances, -€216 million in dividends paid by Natixis Investment Managers and a €17 million increase in dividends paid by Natixis Payment Solutions.

Gains on trading book transactionsincreasedby €327 million,broken down into €419 millionof positive change for the activity in Mainland France and a decrease of -€92 million for the transactions of the branches abroad. As a reminder, 2020 was marked by the consequences of the COVID-19 crisis, notably marked by the absence of dividends paid to trading portfolios. Gains on the investment portfolio increased by €366 million, broken down into €270 millionof positive change for the activity of Mainland France and €96 million of positive change for the activity of the branches. General operating expenses were up by €297 million, of which a €208 million increase in payroll costs (including an increase in variable compensation of €238 million due to the increase in the revenues of all activities), a €120 million increase in external service charges net of rebilling and a -€31 million decrease in depreciation, amortization and taxes.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021