2Q16 Results

July 28, 2016

Disclaimer

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.

2 July 28 2016

Strong rebound in business in 2Q16 on the back of balanced business model, safeguarding profitability of core businesses

INVESTMENT

SOLUTIONS

  • Asset management: AuM stood at €787bn at June 30 2016, up €10bn vs. end-March with limited outflows of €2bn in 2Q16. Improvement in margins excluding perf. fees in USA and Europe in 1H16 vs. 1H15

  • Insurance: momentum was driven by all segments with overall turnover up 12% vs. 2Q15 to €1.7bn, excluding reinsurance agreement with CNP

    CIB

  • Capital markets: FIC-T posted excellent performances in 2Q16, soaring 35% vs. 2Q15, while Equities

    continued to grow (up 4% vs. 2Q15 in revenues)

  • Structured financing: increased contribution of fees in Structured financing revenues to 39% in 2Q16 vs. 37% in 2015

    SFS

  • Noteworthy performance for Specialized financing: dynamic new production for Leasing (+7% vs. 2Q15) and 22% jump in factored turnover YoY

    NATIXIS 2Q16 and 1H16(1)

  • Natixis' revenues gained 7% in 2Q16 vs. 1Q16 to more than €2.2bn (+2% vs. 2Q15), mainly buoyed by all CIB activities. Increase in expenses kept under control (excluding IFRIC 21), up 3% vs. 1Q16

  • Earnings capacity for the quarter increased 5% to €400m. Reported net income (group share) stood at €381m in 2Q16, factoring in goodwill impairment on Coface (impact of -€31m)

  • Generation of 65bp of CET1 ratio since start of 2016, equivalent to €730m (€0.24 per share), of which €440m above the minimum 50% pay out, for distribution in the absence of external growth

2Q16 ROTE(2)

11.7% (+70bps YoY)

CET1(3)

11.0%

Leverage(1)

4,1%

1H16 EPS

€0.17

3 July 28 2016

  1. See note on methodology (2) See note on methodology and excluding IFRIC 21 impact (3) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in except for DTAs on tax-loss carryforwards and pro forma of additional phase-in of DTAs following ECB regulation 2016/445

    Agenda

    1. 2Q16 and 1H16 results

    1. Business division results
    2. Conclusion

      3. 4 July 28 2016

    Natixis SA published this content on 28 July 2016 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 28 July 2016 16:21:06 UTC.

    Original documenthttps://www.natixis.com/natixis/jcms/lpaz5_52373/en/natixis-results-2q16

    Public permalinkhttp://www.publicnow.com/view/670C54A0CB07CAFBE3DCEEB34FE66090A11B90BE