NATIXIS // 2021 Universal Registration Document

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

Note 8

Segment reporting

In July 2021, Groupe BPCE presented its new strategic plan, “BPCE 2024”. This development plan is based on three strategic priorities (Winning Spirit, Customer, Climate) and three key principles (Simple, Innovative Secure), and contains ambitious targets for the Retail Banking and Insurance and Global Financial Services business lines. Natixis’ business lines are fully in line with this strategic plan. Natixis is organized around the following four divisions at December 31, 2021: Asset & Wealth Management , which includes the Asset V Management activities of Natixis Investment Managers, the Wealth Management business line and employee savings schemes; Corporate & Investment Banking , which advises businesses, V institutional investors, insurance companies, banks and public sector entities and offers them a diversified line of financing solutions as well as access to Capital Markets. Its duties are threefold: to strengthen the bank’s customer focus, to serve as a meeting place between issuers and investors and to roll out the “Originate to Distribute” model to optimize the rotation of the bank’s balance sheet via active management of the loan book; Insurance, which is Groupe BPCE’s single platform for the V distribution of personal insurance and non-life insurance products; Payments, which provides Banque Populaire and Caisse d’Epargne V network customers and direct customers with payment tools, infrastructures and services. (*) The Insurance and Payments divisions will be transferred to BPCE during the first quarter of 2022 (see Note 1.2 Significant events). The activities of Private Equity (a proprietary activity managed in run-off mode, and portion of sponsored funds) and Natixis Algérie, which are still considered non-strategic, are part of the Corporate Center. Based on this new organizational structure, General Management monitors divisional performance over the course of the year, draws up business plans and manages the business from an operational perspective. In accordance with IFRS 8 “Operating segments”, this is the segmentation used by Natixis to define its operating segments. 8.1 Asset Management: Asset Management activities are brought V together within Natixis Investment Managers. They cover all asset classes and are carried out mainly in the US and France. These activities are performed by autonomous entities (specialized management companies and specialized distribution units) coordinated by a holding company that ensures the organization’s consistency by overseeing its strategic direction. These companies are thus able to focus on their core business and on achieving robust performance, while retaining the option of developing their own institutional clientele and drawing on the business line’s other support functions, based on appropriate economic models. Many of these asset management companies are well-known, such as Loomis Sayles, Harris Associates, AEW, DNCA and Ostrum Asset Management (which joined La Banque Postale Asset Management’s fixed income and insurance-related Asset Management activities at the end of 2020). As announced in the third quarter of 2020, Natixis IM is continuing its gradual withdrawal from H20 (see Note 2.6) . Asset & Wealth Management

Together, these specialized asset management companies enable the Group to provide a comprehensive range of expertise meeting demand from all customer segments. Coverage of the various customer segments is optimized by the organization of distribution around a shared platform and the business franchises developed over the long term by the asset management companies. Since the start of 2014, Private Equity companies for third party clients have been transferred to Natixis Investment Managers and a sponsoring vehicle was set up to monitor Natixis’ commitments in the funds. The teams have extensive expertise in equity financing for generally unlisted, small and medium-sized enterprises in France and Europe via sponsored equity holdings. This business line covers the Private Equity segments for third party investors, such as Private Equity deals (top-line funding for mature companies), venture capital (young and innovative companies) and funds of funds. Wealth Management: this business line covers Wealth V Management activities in France and Luxembourg and Asset Management. Natixis Wealth Management holds a key place on the French market. The bank mainly develops its customer base from the clientele of the Caisses d’Epargne and Banques Populaires, as well as that of Natixis. It offers advisory services, financial planning and expertise, and mutual fund unit management solutions. Employee Savings Schemes: this business line offers companies V an employee savings management solution (administration of employee accounts, fund administration and accounting, etc.). Banking Corporate & Investment Banking (Natixis CIB) advises businesses, institutional investors, insurance companies, banks and public sector entities and offers them a diversified line of customized financing solutions to meet their needs, as well as access to Capital Markets. Numerous impact financing initiatives marked 2021 for Natixis CIB, which strengthened its pioneering position by being at the forefront of innovation with numerous French and international clients. Its organization has evolved to adapt to major trends and contribute to the major challenges of 2021. It is based on an system of international value-added expertise covering the following activities and business lines: strategic consulting for the Investment Banking and Mergers & V Acquisitions business line; equities, Fixed Income, Credit, FX, Commodities and Global V Structured Credit and Solutions activities within the Global Markets business line; infrastructure, Aviation and Real Estate & Hospitality form the Real V Assets business line; syndication and management of the financing portfolio for the V Distribution & Portfolio Management business line; and financing of the cinema operated by the subsidiary Coficiné . V Two cross-functional teams provide vital support to the business lines, with the aim of informing the investment and hedging decisions of Natixis CIB clients by providing key information and in-depth analyses on all asset classes: the Green & Sustainable Hub for ecological and social topics; V research for major macro-economic trends, market movements V and geopolitical developments. Corporate & Investment 8.2

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021