NATIXIS - Universal registration document and financial report 2019

OVERVIEW OF THE FISCAL YEAR Information concerning Natixis S.A.

At December 31, 2019, Natixis’ gross operating income stood at +€1.292 million, a -€468 million decrease compared with December 31, 2018, due to a €535 decrease in revenues, and despite a €68 million decrease in operating expenses. Net interest income rose by +€64 million: +€23 million for business in Mainland France and +€41 million for foreign branches. Net fee and commission income increased by +€27 million, resulting from a +€36 million increase in Mainland France and a decrease of -€9 million in business recorded by foreign branches. This change in fee and commission income can be broken down into +€73 million in net fee and commission income on off-balance sheet transactions, -€22 million on transactions with customers, +€35 million in securities transactions, and -€59 million in financial service or payment instrument transactions. Dividends paid by Natixis subsidiaries decreased by €570 million, of which -€457 can be attributed to the lower dividend paid by the Asset Management subsidiary Natixis Investment Managers, -€186 million to the dividends paid by the subsidiaries of SFS, sold to BPCE, +€45 million from Natixis Assurances and +€28 million from Coface. Proposed allocation of earnings 4.5.2 Natixis’ financial statements at December 31, 2019, showed positive net income of €2,242,111,898.15 and, taking into account retained earnings of €1,008,081,398.50, showed distributable earnings of €3,250,193,296.65. The third resolution that will be put before the General Shareholders’ Meeting on May 28, 2020, proposes to:

Gains on trading book transactions increased by €66 million, i.e. +€93 million for Mainland France and -€26 million for transactions carried out by foreign branches. Operating expenses fell €68 million, including -€28 million in payroll costs, -€26 million in external services net of rebilling and -€15 million in costs and taxes. The net provision for credit losses was up €201 million (of which +€145 million for activity in Mainland France) to -€429 million. Together, these items brought operating income to +€863 million, down -€669 million. At December 31, 2019, net gains/(losses) on fixed assets amounted to +€1,259 million, largely corresponding to the €1,092 capital gain from the sale to BPCE of the Sureties & Financial Guarantees, Leasing, Factoring, Consumer Finance and Securities Services businesses of the former Specialized Financial Services division. Net income after tax was +€2,242 million versus +€1,834 million in 2018. At December 31, 2019, the balance sheet totaled €438,497 million versus €406,868 million at December 31, 2018.

4

pay an ordinary dividend of €977,454,329.42 (i.e. €0.31 per share); V allocate the remaining distributable earnings to retained earnings, V i.e. €2,272,738,967.23.

Payment terms 4.5.3

Pursuant to Article D.441-4 of the French Commercial Code, supplier invoices that have been received but remain unpaid at the reporting date (for a total amount including tax of €101.5 million) are as follows:

Invoices received but still unpaid at the end of the period

91 days and over

0 day (indicative)

Total (1 day and over)

1 to 30 days 31 to 60 days 61 to 90 days

Total amount of invoices affected, including tax (in millions of euros) Percentage of the total amount of purchases, including tax, for the period Number of invoices concerned

94.3

1.1

1.6

1.5

3.0

7.2

6.17%

0.07%

0.10%

0.10%

0.20%

0.47%

2,673

832

This information does not include banking transactions and related operations. For debt and receivables associated with Natixis S.A. clients, please refer to Note 37 of Chapter 5.3 on assets and liabilities by maturity, which provides information on their residual maturity.

227

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019