NATIXIS - Universal registration document and financial report 2019

PRESENTATION OF NATIXIS Natixis’ businesses

In 2019, the team further expanded its in-depth knowledge of investors in these green and sustainable finance areas, through multiple interactions (and research) centered on their ESG strategies. Lastly, the GSH was the driving force behind the strategic development of Corporate & Investment Banking’s green and sustainable activities: enhanced development of loans (green loans and sustainability-linked loans) and investment solutions, consolidation on the green bond market, and pioneering of several innovative financing or investment products. The GSH’s expertise in this area has positioned Natixis on the forefront of funding the energy transition (particularly on the emerging market of transition bonds or sustainability-linked bonds), ready to guide our top clients as they implement their own energy transition. (Capital Markets) In fixed income, credit, forex, commodities and equity markets , Natixis offers its corporate and institutional (both private and public sectors) clients and Groupe BPCE network clients a wide range of investment, financing and hedging products and solutions that tie into its widely recognized research. The Global Markets business model is built on the following elements: The development of innovative solutions (as opposed to standard V flow products) in the main asset classes. This tailored approach enables Natixis to respond more pertinently to its clients’ needs and set itself apart from its competitors; In addition, access to a wide range of flow products via electronic V platforms cover all client requests on the markets; the development of an investment policy targeted at clients’ local needs; The development of an investment policy targeted to clients’ local V needs. The challenge for the bank is firstly to focus on products in which Global Markets enjoys a genuine competitive advantage, and secondly to achieve the necessary critical size in these activities to ensure the sustainability of franchises; The further development of Global Markets’ international reach in V terms of client and market coverage, drawing on Corporate & Investment Banking’s presence in the EMEA, Americas and Asia-Pacific regions; A multi-underlying focus, illustrated by the Global Securities V Financing team, which operates simultaneously on the fixed income and equity markets. In order to provide a holistic response to its professional clients, the Natixis Global Markets Department merged its fixed income and equity derivatives sales and financial engineering teams. This business line comprises four divisions: Two solutions divisions intended to encourage a closer V commercial relationship with clients: Cross Asset Solutions, providing distributors, family offices, mutual insurers and pension funds with one-stop access to cross-asset solutions; and Multi-Asset Solutions, addressing the needs of major institutional investors, asset managers and corporates; A single Financial Engineering division offering clients innovative V hedging, investment and financing solutions across all asset classes; A Multi-Asset Client Servicing & Execution (MACSE) division V coordinating flow products and digital offerings. Global Markets 1.2.2.1

Fixed income, credit, forex and commodities markets (FIC: fixed income, commodities) On the fixed income markets, Natixis’ teams offer clients financing, investment and hedging products and solutions on the credit, fixed income and forex markets in OECD and emerging countries. The teams are located in Europe (Paris, London, Milan, Madrid and Frankfurt), the Middle East (Dubai), Asia (Singapore, Tokyo, Hong Kong, Shanghai and Taipei) and the Americas (New York, Houston and São Paulo). On the credit market , to address structural issues related to the growing disintermediation of financial markets, the Global Structured Credit & Solutions (GSCS) teams offer clients streamlined asset and liability management solutions: advisory and financing solutions for balance sheet reduction, arrangement of alternative financing and regulatory optimization. Combining origination, structuring, syndication and trading services, GSCS is structured in a way that enables Natixis to develop services for clients right across the structured credit value chain. On the heels of a busy 2018, business expanded significantly in 2019 across all three international platforms. In Europe, the Merius investment platform, set up in 2016, grew further in the low interest rate environment to exceed €4.4 billion in investment commitments at the end of 2019, confirming investor interest in this innovative solution on the Dutch residential mortgage market. On the European ABS market, Natixis played a key market-making role through a number of major deals in the United Kingdom (5), France (2), Italy and the Netherlands. Natixis also continued to lead the way in private-sector deals with non-banking lenders in Europe. It issued an innovative securitization transaction backed by green assets. On the CLO market, Natixis conducted five major deals totaling some €2.1 billion. Business once again expanded in the United States, fueled by the CLO market. Natixis is a renowned on this market as an arranger and placement agent, ranking among the top 10 arrangers of broadly syndicated CLOs (sources: New Issues — Thomson Reuters and Bloomberg) and as the No. 1 arranger of middle-market CLOs. Outside the CLO segment, Natixis continued to diversify its ABS business through the development of securitizations linked to real assets (aircraft). Over the course of 2019, Natixis further expanded in the Asia-Pacific region, increasing its presence on the Australian residential mortgage-backed securitization market. Natixis participated in six RMBS deals for different sponsors such as La Trobe and Pepper, including Vermilion 2019-1 for sponsor Columbus Capital which was named “Best Debt Finance Deal for Australia/New Zealand” by FinanceAsia in 2019 alongside other nods for “green” projects. GSCS in Asia continued to distribute US and European products to Asian investors. On the commodities and energy markets , the Global Markets Commodities (GMC) teams have, over the past four years, developed a selective range of flow products and base metals, precious metals and energy solutions for corporate and sovereign clients that specialize in these markets. Accordingly, Natixis has adopted a model that is resolutely focused on its clients in Asia, the Americas and Europe, and founded on the development of tailored and innovative solutions that meet clients’ risk management and financing needs. This approach leverages the expertise of the teams on the derivatives markets, combined with that of the financing and economic research teams.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019