Amundi Investor Presentation

Amundi Legal & General IM T. Rowe Price BlackRock Jupiter Azimut Allianz AM Invesco Man Group Best in class cost efficiency among global peers 2019 cost income ratio¹ 90,0% 80,0% 81,6% 70,0% 62,3% 62,5% 63,8% 64,2% 64,2% 65,6% 66,6% 67,6% 70,7% 70,8% 72,0% 73,4% 73,8% 74,0% 77,3% 60,0% 53,8% 56,1% 56,3% 57,2% 57,6% 50,9% 50,0% 40,0% 30,0% 20,0% 10,0% 0,0% Natixis AM Janus Henderson Peers Average Amundi demonstrated its ability to deliver resilient earnings since its creation, and enjoys one of the lowest Cost/Income ratios of the industry: 50.9%² Industry average as of Dec. 2018 based on BCG Global Asset Management 2019 study (154 AMs representing $53tn AuM). 1- Source: Company data for 2019, adjusted figures when available. 2. adjusted figure; 2019 8 Amundi Investor presentation | November 2020 Amundi CRÉDIT AGRICOLE GROUP Schroders DWS Crédit Suisse AM UBS AM Axa IM Franklin Templeton Morgan Stanley JPMorgan AM Legg Mason Standard Life Aberdeen

View entire presentation