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Amundi Investor Presentation

Detailed income statements Q3/Q2 Q3/Q3 (in Єm) Q3 2020 Q2 2020 Q3 2019 9M 2020 9M 2019 Change chg. chg. Adjusted net revenue 630 625 0,8% 657 -4,1% 1 866 1 989 -6,2% Net asset management revenue 631 608 3,8% 656 -3,9% 1 912 1 955 -2,2% o/w net management fees 601 573 4,8% 631 -4,8% 1 806 1 870 -3,4% o/w performance fees 30 34 -13,7% 25 18,7% 106 85 24,4% Net financial income and other net income (1) 17 NS 1 NS (46) 34 NS Operating expenses (323) (318) 1,5% (335) -3,8% (971) (1016) -4,4% Adjusted gross operating income 307 307 0,1% 321 -4,5% 895 973 -8,1% Adjusted cost/income ratio 51,2% 50,9% +0,3 pt 51,1% +0,2 pt 52,0% 51,1% + 1 pt Cost of risk & Other (3) (4) NS (9) NS (20) (7) NS Equity-accounted entities 17 15 10,9% 8 NS 46 33 39,5% Adjusted income before taxes 321 318 1,1% 320 0,4% 921 999 -7,8% Taxes (86) (85) 1,2% (90) -4,7% (247) (264) -6,7% Adjusted net income, Group share 235 233 1,0% 230 2,3% 674 735 -8,3% Amortisation of distribution contracts after tax (15) (12) 16,4% (13) 16,4% (40) (38) 5,3% Net income, Group share 221 221 0,1% 218 1,5% 634 697 -9,0% Note: Adjustments: excluding amortisation of distribution contracts. See slides 44 and 45 for definitions and methodology. 29 Amundi Investor presentation | November 2020 Amundi CRÉDIT AGRICOLE GROUP
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