NATIXIS - Universal registration document and financial report 2019

4 OVERVIEW OF THE FISCAL YEAR

Management report at December 31, 2019

Appendix to 4.2.2 – Consolidated Results 1 – Management results reclassified as consolidated results in 2019

Non-recurring items

Corpo- rate & Invest- ment Banking Insurance Payments

Contr- ibution disposed scope

2019 Investor

2019 publi- shed

Fin. Invest.

Corporate Center

2019 published

Rela- tions 9,177

(in millions of euros)

AWM

Net revenues

0

19

9,196 22

9,219

Operating expenses

(6,545)

(9)

(27)

(6)

(5)

(8)

(33)

(6,632)

(22)

(6,655)

Gross operating income 2,633 (9)

(27)

(6)

(5)

(8)

(14)

2,564 0

2,564

Provision for credit losses (332)

(332)

0

(332)

Operating results

2,301

(9)

(27)

(6)

(5)

(8)

(14)

2,232

0

2,232

Associates

21

21

0

21

Gains or losses on other assets

5

(15)

697

687

0

687

Change in the value of goodwill

5

5

0

5

Pre-tax profit

2,331 (9)

(42)

(6)

(5)

(8)

684

2,945 0

2,945

Income taxes

(612)

3

7

2

2

3

(74)

(669)

0

(669)

Non-controlling interests (349)

3

(33)

(380)

0

(380)

Net income (Group share) 1,370 (6)

(34)

(4)

(3)

(2)

577

1,897 0

1,897

Cost/income ratio

71.3%

72.1%

72.2%

2 – Management results reclassified as consolidated results in 2018

Non-recurring items

Corpo- rate & Invest- ment Banking Insurance Payments

Contri- bution disposed scope

2018 Investor Rela- tions

2018 publi- shed

Fin. Invest.

Corporate Center

2018 published

(in millions of euros)

AWM

Net revenues

8,632

68

48

8,749 867

9,616

Operating expenses

(6,272)

(21)

(14)

(2)

0

(3)

(45)

(6,357)

(466)

(6,823)

Gross operating income 2,360 (21)

54

(2)

0

(3)

3

2,391 401

2,793

Provision for credit losses (122)

(71)

(193)

(22)

(215)

Operating results

2,238

(21)

(17)

(2)

0

(3)

3

2,199

380

2,578

Associates

29

29

0

29

Gains or losses on other assets

54

54

0

54

Change in the value of goodwill

0

0

0

0

Pre-tax profit

2,321 (21)

(17)

(2)

0

(3)

3

2,281 380

2,661

Income taxes

(687)

6

5

1

0

1

2

(673)

(108)

(780)

Non-controlling interests (304)

1

(303)

(1)

(304)

Net income (Group share) 1,330 (15)

(12)

(1)

0

(1)

5

1,306 271

1577

Cost/income ratio

72.7%

72.7% 53.7%

71.0%

224

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019