NATIXIS // 2021 Universal Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

Net cash flow statement The balance of cash and cash equivalents consists of the net balances of cash and amounts due from central banks, as well as on-demand deposits with and loans from credit institutions. Changes in cash generated by operating activities consist of cash flows generated by Group activities, with the exception of those related to held-to-maturity financial assets and investment property.

Changes in cash related to investment operations result from cash flows related to acquisitions and disposals of investments in consolidated and non-consolidated associates, property, plant and equipment and intangible assets, and acquisitions and disposals of investment property, property provided under operating leases and financial assets held to maturity.

(in millions of euros)

31/12/2020

31/12/2021

Pre-tax profit

1,582

386 397

+/- Net charge to depreciation and amortization of property, plant and equipment and intangible assets

220

+/- Writedown of goodwill and other non-current assets

(0)

0

+/- Net charge to other provisions (including insurance companies’ technical reserves)

(293)

4,737

+/- Share in income of associates

(11) (35)

(6) (9) 69

+/- Net loss/(gain) on investing activities +/- (Income)/expenses from financing activities

55

+/- Other activity

1,344 1,279 18,553

(782) 4,406 11,490

= Total non-cash items included in pre-tax profit and other adjustments +/- Decrease/(increase) in interbank and money market items

+/- Decrease/(increase) in customer items

4,343

(177)

(4,738)

(9,154)

+/- Decrease/(increase) in financial assets or liabilities +/- Decrease/(increase) in non-financial assets or liabilities (e)

1,703 (294)

(419) (491) 1,249 6,041

- Income taxes paid

= Net decrease/(increase) in operating assets and liabilities

19,568 22,429

Net cash provided/(used) by operating activities

56 (0)

88 61

+/- Decrease/(increase) in financial assets and equity interests (a)

+/- Decrease/(increase) in investment property

+/- Decrease/(increase) in property, plant and equipment and intangible assets Net cash provided/(used) by investing operations +/- Cash received from/(paid to) shareholders (b) +/- Other net cash provided/(used) by financing operations (c) Net cash provided/(used) by financing operations Cash flow on assets and liabilities held for sale (d) Impact of exchange rate fluctuations on cash and cash equivalents

(492) (437) (239) (145) (384) (477)

(384) (235) (167) (147) (313) (235) 4,082 6,041 (235) (313) (235) (1,176) (1,176) 16,087 21,014 (4,927) 20,170 30,637 (10,467)

568

Net increase/(decrease) in cash and cash equivalents Net cash provided/(used) by operating activities Net cash provided/(used) by investing activities Net cash provided/(used) by financing activities Cash flow on assets and liabilities held for sale

21,699 22,429

(437) (384) (477)

Impact of exchange rate fluctuations on cash and cash equivalents Cash and cash equivalents at beginning of period Cash and balances with central banks (assets & liabilities)

568

20,170 30,637 (10,467) 41,868 48,883 (7,014) 21,699

Interbank balances

Cash and cash equivalents at end of period

Cash and balances with central banks (assets & liabilities)

Interbank balances

CHANGE IN CASH AND CASH EQUIVALENTS

4,082

Cash flows related to financial assets and investments in associates, including: (a)

cash flows related to consolidated equity investments for a negative €46.4 million; V cash flows related to non-consolidated equity investments for a positive €102.7 million. V Cash flows from or to shareholders include dividends paid to BPCE in the negative amount of €133.6 million and those paid to non-Group entities for a negative €105.6 million. (b) Cash flows from financing activities can be broken down as follows: (c) interest paid on subordinated notes for a negative €52.3 million; V interest paid on deeply subordinated notes recorded in equity for a negative €92.7 million. V Corresponds to the cash of the Insurance and Payments business lines, as well as Natixis Immo Exploitation and H2O classified as held for sale (see Notes 1.2 and 7.10). (d) Including cash flows in relation to lease liabilities, amounting to a negative €83.6 million at December 31, 2021. (e)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021