NATIXIS_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF NATIXIS Natixis’ businesses

Natixis’ businesses 1.5

Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second largest banking group in France. Natixis has a number of areas of expertise that are organized into four main businesses — Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services — and include the activities of the Corporate Center. Natixis operates in three key regions: the Americas (28% of net revenues (1) ), Asia-Pacific (5% of net revenues (1) ) and EMEA (Europe, Middle East and Africa, 67% of net revenues (1) ). Asset Management and Wealth Management continue to be centered on Natixis’ expertise in asset management, among the largest and most profitable asset managers worldwide. Asset Management 1.5.1.1 In 2017, Natixis announced a series of strategic goals for its Asset Management division in line with its 2018-2020 New Dimension Plan, and its continued commitment to its global multi-affiliate model. To better align with its business model, the Asset Management business was rebranded and a new brand platform was introduced. The newly named Natixis Investment Managers includes 26 specialized investment managers in the US, Europe and Asia. Natixis Investment Managers’ new brand platform is based on the Active Thinking SM concept, reinforcing its commitment to highly active, high-conviction investment management and highlighting its broad range of investment expertise. Natixis Investment Managers: a global player Natixis Investment Managers ranks 15 th globally by assets under management (Cerulli Associates: Global Markets 2017 report based on AuM as of December 2016; revenue and operating profit based on ranking of publicly traded asset managers). Natixis Investment Managers is a multi-affiliate business with a portfolio of 26 autonomous asset managers providing a diversified suite of distinctive active investment management expertise, with the support of a value-adding holding company. Natixis Investment Managers supports the growth of each affiliate through its global distribution platform, financial support for innovation and global oversight to ensure the consistency of the operational risk management our clients expect. ASSET & WEALTH MANAGEMENT 1.5.1

Natixis Investment Managers’ global distribution platform comprises two major segments: institutional investors (public and private pension funds, insurers and banks, sovereign funds and central banks, etc.) and distribution/retail (fund of funds, Private Banking, platforms and IWMAs). Natixis Investment Managers has distribution operations in over 20 countries with its main support functions based in Boston, London and Paris. For Natixis Investment Managers, 2017 featured solid investment performance, a meaningful increase in its asset base and significant new client wins, and strong financial results. Fund flows rebounded, driven by a well-diversified business mix. European and US affiliates generated €9 billion and €13.9 billion in net inflows respectively. By platform, the international distribution, US and Canadian platforms attracted a roughly equal proportion of net inflows. These inflows were also well-diversified across affiliates. The macroeconomic environment was very positive throughout the year with strong US growth, renewed optimism in Europe, strong corporate profitability, ample liquidity on the markets, and accommodative monetary policy in Europe. Investment performance was strong across the range of investment affiliates, helping to produce a 15% increase in revenues, 27% increase in operating profits, and €24 billion in net inflows. Strong net inflows and market action were offset by currency impacts and by the sale of its share in IDFC and the planned transfer of a portion of assets managed for CNP Life insurance. AuM at the beginning of the year stood at €831.5 billion and ended the year at €830.8 billion, a decrease of 6% at a constant euro basis. Natixis Investment Managers also expanded its affiliate range with the acquisition of a majority ownership stake in Australian equities manager, Investors Mutual Limited (IML), a successful, well-respected manager with a long-term, conservative, quality- and value-based investment style. IML has a long-term performance record across a range of funds with a broad retail client base. The acquisition brings Natixis Investment Managers expertise in Australian equities and additional exposure to the Australian retirement savings market. Over the next decade, the Asia Pacific will be one of the fastest growing markets in the world in terms of assets under management, and the region is critical to the growth of Natixis Investment Managers. Building on its current leading market position and its innovative and differentiating multi-affiliate business model, Natixis Investment Managers intends to further enhance the reach of its distribution network, continue to diversify its lineup of affiliate investment offerings, simplify its global operating model, and expand its global footprint and capabilities.

See Chapter 5 of this registration document — Note 16.2 of the Appendices to the consolidated financial statements. (1)

14

Natixis Registration Document 2017