NATIXIS - Universal registration document and financial report 2019

4 OVERVIEW OF THE FISCAL YEAR Post-closing events

In addition, a number of targeted disposals were carried out.

Business line

Divestment description

2019 Natixis

Sale of entities performing retail banking activities to BPCE Asset Management Sale of the Canadian distribution business to Fiera Capital Asset Management Disposal of Darius Capital 2018 Wealth Management Disposal of Sélection 1818, a major Wealth Management Advisor, as part of Natixis Wealth Management’s strategic repositioning. Signing of a partnership with the buyer, Nortia, for the distribution of funds on an open-architecture basis Asset Management Disposal of the Axeltis fund distribution platform to MFEX, together with the signing of a long-term partnership to distribute funds on an open-architecture basis 2017 Asset Management Disposal of a 25% stake in IDFC, bought by the Indian group IDFC who owned the remaining 75% Corporate Center Disposal of the 15% stake in Caceis to Crédit Agricole S.A., making it the sole shareholder once the transaction is complete. This disposal is entirely consistent with the objectives of the New Dimension strategic plan for 2018-2020, particularly the objective of reducing the Corporate Center’s RWA Disposal of Ellisphere, a financial data specialist in France and internationally, to investment fund AnaCap. The transaction marks the end of Corporate Data Solutions’ business disposals Corporate Center

Post-closing events 4.4

On February 6, 2020, the Board of Directors approved the 2019 financial statements. On February 25, 2020, Natixis announced the signing of a preliminary agreement for the sale of 29.5% of its stake in Coface for a unit price of €10.70 per share. After the sale — which, given the regulatory authorizations required, may not be completed until several months after the announcement — Natixis will no longer be represented on Coface’s Board of Directors.

Information concerning Natixis S.A. 4.5

Natixis S.A.’s parent company income statement 4.5.1

2019

2018

2019/2018 (in %)

2019/2018 (in %)

Mainland France

2019/2018 (in %)

Mainland France

Branches

Natixis S.A.

(in millions of euros)

Branches

Natixis S.A.

Net revenues

2,479

(25)

1,452

27

3,930

(12)

3,324

1,142

4,466

Operating expenses

(1,907)

(4)

(731)

3

(2,638)

(3)

(1,997)

(709)

(2,706)

Gross operating income Provision for credit losses

572

(57)

720

67

1,292

(27)

1,327

432 (61) 372

1,760

(312)

87

(117)

93

(429)

88

(167)

(228)

Operating income

260

(78)

603

62

863

(44)

1,160

1,532

Gains or losses on long-term investments

1,258

3501

1

(148)

1,259

3689

35

(2)

33

Pre-tax profit

1,517

27

604 (98)

63 (6)

2,121

36

1,195

370

1,565

Income tax

218

(42) N/A

121

(55) N/A

373

(104)

270

Funding/reversal of funding for general banking risks and regulated provisions

0

0

N/A

0

0

0

0

Net income

1,736

11

507

90

2,242

22

1,568

266

1,834

226

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019