Amundi Investor Presentation

Slight decrease in margins due to the less favourable product/client mix Retail Institutionals excl. CA & SG insurers CA & SG insurer mandates Net fee and commission income (€m)1 Margins on average AuM excl. JVs (bp)1 44,6 45,2 42,8 -5.1%² 919 919 872 H1 2018 H1 2019 H1 2020 H1 2018 H1 2019 H1 2020 +2.8% 268 251 258 10,8 10,3 10,4 H1 2018 H1 2019 H1 2020 H1 2018 H1 2019 H1 2020 +8.6% 71 69 75 3,4 3,2 3,3 H1 2018 H1 2019 H1 2020 H1 2018 H1 2019 H1 2020 -2.8% 18,9 18,7 17,7 1 259 1 239 1 205 Average margin H1 2018 H1 2019 H1 2020 H1 2018 H1 2019 H1 2020 1. Excluding performance fees; 2. H1 2020 vs H1 2019 reflects partly the impact of lower launch of structured products in 2020 62 Amundi Investor presentation | November 2020 Amundi

View entire presentation