NATIXIS - Universal registration document and financial report 2019

1 PRESENTATION OF NATIXIS Natixis’ businesses

To ensure effective coverage of clients in the energy & natural resources (ENR) sector in relation to price risk solution activities, GMC’s marketing teams and ENR Finance’s origination teams combined forces to work together. Treasury and collateral management In compliance with the French law on the separation and regulation of banking activities, the Treasury and Collateral Management team, which used to report to Global Markets, was placed under the oversight of the Finance Department. Functional subordination was maintained with the Global Head of Global Markets. Equity markets On the equity derivatives market, Natixis offers tailored solutions to match the goals and constraints of all its distributor and institutional clients. The bank caters to insurers, pension funds, asset managers, hedge funds, private banks, family offices, bank and insurance distribution networks and wealth management advisors. In 2019, Natixis further expanded its range to include investment solutions such as dividend offers, structured green bonds, new systematic strategies (e.g. protected equities) and thematic indices (water index). The Equity Derivatives team boasts renowned expertise in solution design as well as distribution and pre/post-trade services. A number of awards were received in 2019, underscoring the drive and expertise of the Corporate & Investment Banking teams Natixis was in particular named “Most Innovative Investment Bank for Financial Institutions Group” by The Banker magazine. This award acknowledges the diversity of solutions proposed and the innovation offered to institutional investors in both the fixed income and equity derivatives markets. Global Securities Financing A product of the merger of the Equity Finance (Equity Derivatives) and Securities Financing group (Fixed Income) teams, Global Securities Financing aims to promote dialog with clients in order to offer them multi-underlying and multi-product solutions. With 65 employees in Paris, London, Frankfurt, New York, Hong Kong and Tokyo, Global Securities Financing’s primary areas of expertise are collateralized funding and collateral management (repos, securities lending/borrowing, etc.), repo market-making and credit and sovereign securities lending/borrowing, and index (equity) market-making, and has a Solutions Department. The pooling of expertise facilitates the development of innovative hybrid solutions. The team also helps the bank adapt to changes in the market and regulatory constraints (relating to balance sheet, LCR, RWA, etc.), and provides an overview of the bank’s assets, mainly equities and fixed income (collateral) in order to manage them more efficiently and comprehensively. CVA/DVA desk Global Markets has a centralized XVA management desk (CVA/DVA/FVA). Its core responsibilities are to measure and manage XVA exposures and hedge the main risks generated by these exposures. Global Markets Research, now CIB Research, complements Natixis’ sales strategy. It publishes analyses to guide clients in their investment decisions and contributes to creating financial solutions tailored to clients’ needs using models, such as valuation models, risk management models and quantitative asset allocation strategy Research

models (equity derivatives, fixed income, credit, foreign exchange), all backed by technical analyses. Recognized for the macroeconomic expertise of its Chief Economists in its three international platforms, CIB Research also does extensive research in key sectors such as infrastructure, real estate, energy & natural resources, and insurance. In 2019, it launched a new website with an offering tailored to each client, inviting them to rate the publications and select personalized investment themes. A genuine center of expertise was developed in real estate, combining analyses of macroeconomic flows, valuation models and new publications to guide clients throughout their strategic projects. It also developed expertise in investment themes as varied as electric cars, gas and 5G. The growing use of big data and machine learning paved the way for the definition and publication of innovative indicators, for example on uncertainty, sentiment and risk. CIB research also contributes to Natixis’ energy transition goals through its joint venture with the Green & Sustainable Hub. Through this collaboration, it has produced extensive research on the theme of water and helped create the Green Weighting Factor. Quantitative Research contributes to the adaptation of our offering on the capital markets. It supports the bank’s financial innovation process and ensures that it remains competitive in today’s fast-changing markets. Its teams help develop pricing, risk management models and quantitative asset allocation strategies. 1.2.2.2 The three business lines Real Assets (covering aviation, infrastructures, real estate and hospitality), Energy & Natural Resources and Distribution & Portfolio Management are core to Natixis' sector-oriented and originate-to-distribute (O2D) strategy. In 2019, they generated solid results, driven by robust origination and distribution business. The global infrastructure and real estate activities in Europe did especially well. Energy & Natural Resources Natixis’ ambitions as a leading bank in the Energy and National Resources (ENR) sector are underpinned by its involvement for over 30 years with producers, distributors and traders in the three underlying industries (energy, metals, agricultural products), and as a global organization. The objective for ENR is to offer its clients the added value needed to foster strategic dialogue and deliver tailored banking solutions with the input of all Corporate & Investment Banking teams. The ENR franchise has been adapted across the bank’s three platforms (EMEA, Asia-Pacific and the Americas) and has four pillars: ENR Industry Group: an industry bankers’ group made up of V specialists tasked with developing solutions for investment banking; ENR Finance: teams in charge of debt and both structured finance V and commodity trade finance; ENR Advisory combines M&A advisory services, targeting V independent oil companies and mining groups, and a pool of engineers that carry out the technical analysis of the assets involved. In M&A advisory, Natixis is actively working to build up its own teams and relies on the network of affiliates (including PJ SOLOMON in the United States, Vermillion in China and Azure in Australia) to support the growth of this activity, which is central to strategic dialog with its clients; Financing

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019