NATIXIS_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF NATIXIS Natixis’ businesses

Having adopted the Equator Principles in 2010 and signed up to the Paris Green Bonds Statement in 2015, Natixis has actively supported the development of green bonds by stepping up its presence in this market worldwide and across all issuer categories, in euros, dollars and yen. Finally, Natixis remained very active in emerging markets, including via the Slovak Republic’s €1 billion bond issue, in which it acted as joint lead manager. In 2017, Natixis conducted a number of landmark transactions, confirming its commitment to its clients and its expertise in the following segments: Green bonds: for corporates: Natixis participated in the bond programs of a Iberdrola (€750 million) in Spain, of Engie (€1.5 billion in two tranches) in France and of Enel (€1.25 billion) in Italy; for financial institutions: in Asia, Natixis led the first-ever a euro-denominated green issues of Mizuho Financial group (€500 million) in Japan, of China Three Gorges in China (€650 million) and the first dollar-denominated green issue for DBS Bank, the biggest bank in South-East Asia ($500 million); for sovereigns/supranationals/agencies: Natixis acted as joint a bookrunner in the RATP and SNCF issues (€500 million and €1.75 billion respectively) in France and the Comunidad de Madrid issue (€700 million) in Spain. It also acted as joint bookrunner in the first-ever green OAT French treasury bonds (€7 billion) issued by Agence France Trésor (French Republic). In addition, Natixis helped Groupe BPCE access new sources of liquidity, by assisting it in its first Samurai social-impact bond on the Japanese market (¥58.8 billion). On the covered bond market, Natixis acted as bookrunner in the programs of Banco Comercial Portugues in Portugal (€1 billion) and Swedbank (€1 billion) in Sweden. Natixis continued to grow on the investment grade market with Safran’s €1 billion variable-rate bond issue and LVMH’s €4.5 billion issue. In terms of US dollar-denominated issues (RegS/144A), Natixis led five headline issues in Africa and the Middle East for the Arab Bank of Egypt ($4 billion), the Republic of Senegal ($1.1 billion), the West African Development Bank ($850 million), the Republic of Côte d’Ivoire ($1.21 billion) and VakifBank ($500 million) in Turkey. Natixis acted as joint bookunner in the Sukuk issues of the Islamic Development Bank ($1.25 billion) and of Ezdan ($500 million). Natixis arranged the German law private placement (Schuldschein) of Vilmorin & Cie (€100 million). It was also active on the US PP market, including Bonduelle’s first private placement in two tranches ($150 million and $50 million) and that of Goshawk Aviation ($566.5 million). Natixis acted as bookrunner in the new senior non-preferred segment in issues for BPCE (€1 billion and SEK 750 million), Banco Santander (€1.5 billion) and BBVA (€1.5 billion).

Equity capital markets On the Equity Capital Markets (ECM), Natixis provides clients with tailored advisory services for all transactions that affect their capital structure: IPOs, capital increases and convertible or exchangeable bond issues. Natixis is also developing advisory services for carrying out public tenders or exchange offers. ECM also maintains a Corporate Broking business that offers clients intermediation services for acquisitions and disposals on the equity market, share buybacks and liquidity contracts. During the year, Natixis conducted a number of landmark transactions including a capital increase for Tikehau Capital in the capacity of global coordinator (€702 million), and the initial public offering of Balyo with the associated liquidity contract. It also led the “Océanes” convertible bond issues for Carrefour, Artémis, Vallourec, Elis and Genfit, and “Ornanes” convertible bond programs for Pierre et Vacances in France. Natixis was No. 3 lead bookrunner on equity capital markets in France by number of deals. Natixis was ranked No. 2 lead bookrunner in the equity-linked market in France by number of deals (source: Bloomberg ). In order to strengthen its position as a leading player on the equity capital markets, Natixis is considering a long-term partnership with ODDO BHF (read earlier in the section), as reflected by the plans to merge the two entities’ equity capital markets activities in France under Natixis. Equity-linked finance The Strategic Equity Transaction team, which specializes in equity-linked finance, develops solutions to help clients manage their equity positions. These transactions use financing tools, derivatives and other financial instruments for Natixis’ large European and international corporate clients, and aim to cover their equity-related issues such as equity interests, company-controlled stock and dilution/accretion. Financial structure and rating advisory services This advisory business activity focuses on the analysis of financial structures and credit rating issues for Natixis’ corporate and financial institution clients. It aims to define the most appropriate equity and debt-based financing solutions for its clients. The internationalization and increasing disintermediation of the capital markets have increased clients’ reliance on ratings, giving this business line increasing strategic importance. The rating advisory expertise is applied to analyze and optimize the impact of major events on clients’ ratings, and even extends to assisting clients with obtaining their first rating. Mergers & acquisitions 1.5.2.5 The teams specializing in mergers and acquisitions help clients (large and medium-sized commercial and industrial corporations, institutional investors and investment funds) prepare and execute disposals and mergers, fundraising, restructuring and capital protection.

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Natixis Registration Document 2017