NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

31/12/2018

31/12/2019

%

%

Consolidation method at December 31, 2019

Business lines Consolidated subsidiaries

Control

Ownership

Activity

Control

Ownership

Country

COFACE AUSTRIA

Holding company

FC

42

42

43

43

Austria

Credit insurance and related services Credit insurance and related services

COFACE DEUTSCHLAND

FC

42

42

43

43

Germany

COFACE GREECE – BRANCH (COFACE Europe) (d)

FC

42

42

Greece

CORPORATE CENTER Private Equity NATIXIS INVESTMENT CORP. (gg)

Portfolio management

100

100

United States

Corporate Data Solutions Other Naléa (a)

Securitization vehicle

FC FC FC FC FC FC FC

100 100 100 100 100 100 100

100 100 100 100 100 100 100

100 100 100 100 100 100 100

100 100 100 100 100 100 100

France Algeria France France France France France

NATIXIS ALGÉRIE SCI ALTAIR 1 (a) SCI ALTAIR 2 (b)

Bank

Real estate operations Real estate operations Real estate operations Real estate operations Real estate investments

NATIXIS IMMO EXPLOITATION

FONCIERE KUPKA (a)

NATIXIS FONCIÈRE S.A. (formerly SPAFICA) (a)

Change in registered company name in 2019. * French subsidiaries whose individual prudential oversight is performed based on Group consolidated ratios in accordance with Article 7 of Regulation (EU) No. 575/2013 of the European Parliament and of the Council ** of June 26, 2013 relative to regulatory requirements applicable to credit institutions and investment firms. Structured entity. (a) Entity disposed of on February 6, 2019. (b) Entities sold to BPCE in the first quarter of 2019. (c) Branch consolidated in the first quarter of 2019. (d) Entity acquired in the first quarter of 2019. (e) Entity deconsolidated in the first quarter of 2019 after the percentage interest fell below eligible levels. (f) Business activities transferred to Coface Belgium – Branch (Coface Europe). (g) Business activities transferred to LEID – Branch (Coface Austria). (h) Securitization vehicle closed. (i) Deconsolidated in the first quarter of 2019 after the fund’s seed money investment was fully repaid. (j) In accordance with the provisions of the shareholders’ agreement, Société de Cadres’ percentage interest in DNCA Finance rose from 9% to 12% on January 1, 2019. (k) The percentage interest fell to 84% after Natixis IM sold part of its stake to the company’s European managers in the first quarter of 2019. (l) Entity transferred to Flexstone Partners SAS in the first quarter of 2019. (m) Entity acquired in the second quarter of 2019. (n) Consolidated in the second quarter of 2019. Natixis Holdings (Hong Kong) Limited is the holding company of the stake in Azure Capital. (o) Entity deconsolidated in the second quarter of 2019 after the percentage interest fell below eligible levels. (p) The percentage interest increased from 91% to 100% following a buyback of non-controlling interests and the application of IFRS 2 upon the implementation of a bonus share allocation plan in the second quarter of 2019. (q) The percentage interest increased from 87% to 100% following a buyback of non-controlling interests and the application of IFRS 2 upon the implementation of a bonus share allocation plan in the second quarter of 2019. (r) The percentage interest increased from 84% to 99% following the buyback of non-controlling interests in the second and fourth quarters of 2019 and the capital increase conducted in the fourth quarter of 2019 to which (s) Natixis Paiement Holding fully subscribed. Entity deconsolidated in the second quarter of 2019 after the percentage interest fell below eligible levels. (t) New H2O subsidiaries consolidated as they are set to become material in the coming periods. (u) Consolidated in the third quarter of 2019. Natixis IM Canada Holdings Ltd is the holding company of the 11% stake in Fiera, the leading publicly-traded independent distribution platform in Canada. (v) Change of scope in the second quarter of 2019 in connection with the restructuring of the US operations of Seeyond and Mirova. (w) New company created by AEW Capital Management LP in order to develop its activities in Asia and added to the consolidation scope at end-June 2019. (x) New entities created by AEW Capital Management LP in connection with the management of new funds and added to the consolidation scope at end-June 2019. (y) Deconsolidated in the third quarter of 2019 following the liquidation of the entity. (z) Entity deconsolidated in the third quarter of 2019 after the percentage interest fell below eligible levels. (aa) Entity deconsolidated in the third quarter of 2019 after the percentage interest fell below eligible levels. (bb) Entities sold to Fiera Capital in the third quarter of 2019 in accordance with the investment agreement implemented at Fiera Capital in the second quarter of 2019. (cc) The percentage interest increased from 75% to 80% following a buyback of non-controlling interests. (dd) Entity created and consolidated in the fourth quarter of 2019. (ee) Entity consolidated in the fourth quarter of 2019 after the percentage interest rose above eligible levels. (ff) Entity liquidated in December 2019. (gg) The percentage interest increased from 96% to 100% following buybacks of non-controlling interests and the application of IFRS 2 upon the implementation of a bonus share allocation plan in 2017 which was completed (hh) at end-2019. Entity created in 2019; it is intended to become Natixis’ reference partner in thematic investing in international equities. (ii) Entity created in 2019; it is intended to become Natixis’ reference partner in international infrastructure investment. (jj) Ostrum created a new company in Hong Kong in 2019 to further its expansion in Asia. The company was consolidated in the fourth quarter of 2019. (kk) Entity consolidated in the fourth quarter of 2019. It arranges financing for the fund AEW European Value Partners, through which AEW collects interest income in relation to fund performance. (ll) This entity manages the fund AEW Partners Real Estate IX launched recently in the US by AEW Capital Management, which owns 100% of its capital. This entity was consolidated in the fourth quarter of 2019. (mm) The percentage of ownership increased from 50% to 55% following the buyout of shares from company managers in the fourth quarter of 2019. (nn) The percentage of ownership increased from 60% to 70% following the buyout of shares from company managers in the fourth quarter of 2019. (oo) Mirova purchased the shares of the entity’s founders in the fourth quarter of 2019. Consequently, Mirova now owns 100% of Mirova Natural Capital’s share capital. (pp)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019