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Natixis SA

11/08/2018 | Press release | Distributed by Public on 11/08/2018 11:04

Résultats du troisième trimestre 2018 - présentation (en anglais uniquement) - 08/11/2018

Natixis

3Q18 & 9M18 results

November 8, 2018

This media release may contain objectives and comments relating to the objectives and strategy of Natixis. Any such objectives inherently depend on assumptions, project considerations, objectives and expectations linked to future and uncertain events, transactions, products and services as well as suppositions regarding future performances and synergies.

No assurance can be given that such objectives will be realized. They are subject to inherent risks and uncertainties and are based on assumptions relating to Natixis, its subsidiaries and associates, and the business development thereof; trends in the sector; future acquisitions and investments; macroeconomic conditions and conditions in Natixis' principal local markets; competition and regulations. Occurrence of such events is not certain, and outcomes may prove different from current expectations, significantly affecting expected results. Actual results may differ significantly from those implied by such objectives.

Information in this media release relating to parties other than Natixis or taken from external sources has not been subject to independent verification, and Natixis makes no warranty as to the accuracy, fairness or completeness of the information or opinions herein. Neither Natixis nor its representatives shall be liable for any errors or omissions or for any harm resulting from the use of this media release, its contents or any document or information referred to herein.

Figures in this presentation are unaudited.

New Dimension: 2018-2020 growth ambitions

Focused capital management to accelerate value creation

Natixis could deploy up to €2.5bn(1) towards investments 2018-2020 in order to accelerate growth and value creationtowards and beyond New Dimension ambitions, primarily in Asset & Wealth Management, secondarily in Payments and CIB

Organic growth ambitions

As defined in New Dimension

On track

Main strategic options

Considered as at today

(1) €0.4bn spent as at September 30, 2018 (2) Subject to the completion of the disposal of retail banking activities (3) See Natixis' "Communication following press reports" press release on October 11, 2018

Acquisitions

Affiliates to complement our existing offering and expand in APAC as well as in Alternatives. Life insurance assets to leverage on ourplatform at scale

Acquisitions

M&A boutiques to complement our existing capabilities and generate cross-selling opportunities

Industrialization

Takeover of the Non-life new business for Banques Populaires' private customers(currently operated through a JV between Natixis Assurances and MAAF)

Acquisitions/Combination

Take part in the consolidation of the industry while maintaining our strong financialdiscipline. Payments are core to Natixis' strategy

Up to €1.5bn

Special dividend(2)

Post disposal of retail banking activities (expected by the end of 1Q19), calibrated to position Natixis at ~11% CET1 FL ratio

The payment of the special dividend remains Natixis' base case as at today since no material strategic opportunity has been identified to date

Natixis reiterates its commitment to a focused capital management with an envelope for potential acquisitions up to 2.5bn primarily in Asset & Wealth Management. No plan for a takeover bid on Ingenico(3)

9M18: "New Dimension" well on track

Value creation through a +16% YoY EPS rise and a strong 14.1% RoTE

Figures excluding exceptional items(1)

YoY P&L lines evolution at constant exchange rate

(1) See page 8 (2) See note on methodology (3) See note on methodology and excluding IFRIC 21

Natixis consolidated

3Q18 & 9M18 results