NATIXIS // 2021 Universal Registration Document

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

At December 31, 2020 – Published

31/12/2020

Corporate & Investment Banking

Corporate Center (c)

Asset & Wealth Management (b)

(in millions of euros)

Insurance

Payment

Total

Net revenues

3,225 (14)%

2,663 (17)%

901

431

86

7,306 (21)%

6%

2%

(91)% (522) (54)% (436) 146% (18)% (444) 137% (8)

Change 2019/2020 (a)

Expenses

(2,387)

(2,037)

(491)

(391)

(5,828)

(4)% 838

(6)% 626

3%

6% 39

(12)% 1,478 (42)% (851) 157%

Change 2019/2020 (a) Gross operating income Change 2019/2020 (a) Provision for credit losses

410 12%

(34)%

(41)% (819) 163% (193)

(25)%

(27)

0

2

234%

(210)%

Change 2019/2020 (a) Net operating income

811

410 12% (17)

42

626

(36)%

(126)%

(17)%

(72)%

Change 2019/2020 (a)

Associates

1

10

0

(47)

(53)

50% (55)

(5)%

(271)%

(351)%

Change 2019/2020 (a)

Other items

(0)

0

0

(132)

(187)

(119)%

(127)%

Change 2019 /2020 (1)

Income before tax

757

(183)

393

42

(622)

386

(40)%

(125)%

4%

(17)%

(87)%

Change 2019 /2020 (1)

Net income (Group share)

459

(139)

271

29

(519)

101

Change 2019/2020 (a) (95)% This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2020. Restated change between December 31, 2020 and December 31, 2019. (a) Of which for Asset Management: (b) net banking income: €2,948 million; V expenses: -€2,157 million; V gross operating income: €792 million; V net banking income: €140 million; V expenses: -€62 million; V gross operating income: €78 million; V cost of risk: €0 million; V pre-tax profit: €78 million. V Of which Coface: group share of net income of companies accounted for under the equity method: -€47 million (-€57.5 million of impairment on the value V (31)% (126)% 5% (14)% (225)% cost of risk: -€27 million; V pre-tax profit: €711 million. V Of which short-term Treasury: (c)

of equity-accounted investments and +€10.5 million in respect of operating income for 2020); other: -€145.6 million corresponding to the gain on disposal of 29.5% (see Note 1.2.1). V

Breakdown of net revenues

(in millions of euros)

Net revenues

Change 2019/2020

Asset & Wealth Management

3,225 2,948

(14)% (16)%

Asset Management Wealth Management

178

20% (1)%

Employee savings schemes

99

Corporate & Investment Banking

2,663

(17)% (32)%

944

Capital Markets (a)

Global Finance & Investment Banking

1,671

(7)% 97%

Other

48

Insurance Payment

901 431

6% 2%

Corporate Center

86

(91)%

TOTAL (21)% Of which €1,069 million excluding the Net Banking Income of the XVA desks, which can be broken down into €1,114 million in Net Banking Income for (a) FICT and -€45 million for Equities. 7,306

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021