NATIXIS - Universal registration document and financial report 2019

PRESENTATION OF NATIXIS Natixis’ businesses

In France, Natixis was global coordinator and B&D (bill & delivery) agent for SPIE’s €600 million bond issue to refinance half the group’s senior credit and extend the average maturity of its debt. Natixis had already assisted SPIE with its March 2017 bond issue used to fund the acquisition of SAG, Germany’s leading energy infrastructure service provider. Lastly, in Asia, Natixis acted as arranger, underwriter and bookrunner for a $655 million syndicated debt refinancing loan for Shanghai Pharmaceuticals Group. Bond origination Operating on the principal European, American and Asian markets, Natixis serves all types of issuers (corporates, financial institutions, sovereigns/supranationals/agencies), helping them obtain financing on the euro and foreign-currency bond markets (£, $, ¥), and particularly in the green bond, investment grade, covered bond, high yield, hybrid and private placement segments. Natixis completed a number of landmark deals on a highly active bond market in 2019. In the corporate segment, Natixis led the multi-tranche and multi-currency (EUR/GBP) bond issues of Spanish infrastructure group Abertis and telecom operator Orange. Natixis also orchestrated several inaugural issues, including FFP (€300 million), Icade Santé (€500 million) and Fosun (€400 million). The bank served as Avolon’s bookrunner for two USD issues in 2019. It continued to expand in the hybrid segment, with bond issues for LarfargeHolcim (€500 million), Accor (€500 million), Eurofins (€300 million) and EDF (€500 million). Natixis also broadened its expertise in the “project” bond segment. It contributed, as joint lead placement agent, to the success of the private placement issued by FLNG Liquefaction 2, which raised $865 million over an average maturity of 12.3 years. In this buoyant environment, Natixis proved it was capable of innovating by leading the first Additional Tier 1 benchmark bond (€750 million) on the financial institutions market for La Banque Postale. It also arranged the maiden restricted Tier 1 subordinated debt issue for La Mondiale (€500 million) and the first senior preferred debt issue for UniCredit Bank (€1.25 billion), as well as the HoldCo issue for Sumitomo Mitsui Financial Group, Inc. (€1.25 billion). Natixis, which signed the Principles for Responsible Banking in September 2019, deepened and demonstrated its commitment to funding the green transition with all categories of issuers. In France, it participated in the Ceetrus bond issue (€300 million) and the Caffil double-tranche issue (€750 million and €500 million). It structured BNG’s inaugural SRI bond issue (€750 million) and ALS’ first sustainable bond issue (€1 billion). In Spain, it headed up Iberdrola’s hybrid bond issue (€800 million) and in Italy the Enel’s inaugural multi-tranche SDG bond (€2.5 billion). In Belgium, Natixis structured the maiden double-tranche bond issue for the Wallonia Region (€1.25 billion) and led the bank’s first green sukuk issue for Islamic Development Bank (€1 billion).

Investment Banking 1.2.2.3 The purpose of the Investment Banking business line is to strengthen strategic dialog with clients while offering them the best possible combination of solutions to meet their financing needs. It covers strategic and acquisition finance, primary bond and equity market finance, equity-linked finance (via the Strategic Equity Transaction team that reports to both the Head of Investment Banking and the Head of Global Markets), as well as financial structure and rating advisory services. Strategic and acquisition finance Natixis is a world-class player in strategic and acquisition finance, with over 25 years of experience in the sector and offices in the EMEA region (Paris, London, Milan and Madrid), Asia-Pacific (Hong Kong and Sydney) and the Americas (New York). It offers corporate clients, investment funds, family offices and institutional clients a full range of financing solutions (bonds, loans, private placements) for their various strategic requirements, including acquisitions, shareholder restructuring, investments, debt financing and post-IPO financing. In 2019, Natixis was named No. 1 bookrunner for sponsored loans in France (source: Dealogic) and No. 6 in the EMEA region (source: Refinitiv) . Natixis arranges tailor-made solutions, drawing on the full range of its expertise in M&A advisory services, equity capital market transactions and bonds. It is also recognized for its structuring and placement capacity, thanks to its dedicated syndication and secondary-market teams. In 2019, Strategic and Acquisition Finance turned in a very strong performance on a highly competitive market, landing a wide variety of deals. In corporate acquisition finance, Natixis took part in two syndicated loans granted to two pharmaceutical companies in Italy. It was mandated by Recordati, as global coordinator, MLA-bookrunner and underwriter, for a €400 million facility aimed at financing the acquisition of rights to Novartis drugs for the treatment of rare diseases. In the United States, Natixis served as arranger, co-bookrunner, syndication agent and sole issuing bank of a stand-by letter of credit for the acquisition of WEIR Group’s Flow Control Department by the world’s leading private investment firm, First Reserve. Natixis also stood out by arranging multiple leveraged buy-outs for investment funds. It served as bookrunner, rating advisor, hedging bank and alongside Natixis Partners (which advised the buyer) in financing the acquisition of Armonea by Colisée. Natixis secured a position as a strategic partner during the acquisition of heating services group Proxiserve by investment funds Core Infrastructure Fund II (managed by Mirova) and Asterion Industrial Infra Fund, in its role as bookrunner, underwriter, facility agent and sole rating advisor. This deal, consisting of a revolving credit line and a Term Loan B, also included green criteria — which is a first for this type of financing solution.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019