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Investor Presentaiton

Bpifrance, a public investment bank, is the trusted partner to entrepreneurs, banks and investors Set up by law on 12th July 2013, Bpifrance is: "A public group aiming at financing and developing companies, and acting in accordance with the public policies conducted both by the State and regional authorities" A century of public banking: details in appendix 1 Current legal entity structure Bpifrance is a financial company: 1 Held on a 50/50 basis by the French State and the Caisse des Dépôts 2 Structured around three main operating subsidiaries: A bank (Bpifrance Financement)² Bond issuer An asset management company (Bpifrance Investissement)³ An export credit agency (Bpifrance Assurance Export) 2 Ordinance on 17th June 2020 establishes a new structure as end of 20204: see details in the next page Current organizational structure 3 Bpifrance is structured around 3 separate primary divisions and 8 business lines Legal structure Ownership structure Business lines 1. Overview of Bpifrance Strongly supported by the French State French Agency Aa2 (Moody's) / AA (Fitch) EPIC 4 Direct & explicit Bpifrance fully guarantee on bond and CP issues 91%2 bpifrance FINANCEMENT Bond Issuer See details in sections 2 & 3 Credit (cofinancing) Funding: Debt Financing division Guarantee Innovation Financing 100% Liberté Égalité • Fraternité RÉPUBLIQUE FRANÇAISE GROUPE Under the supervision and the guarantee of the French Parliament Caisse desDépôts 50% 50% Bpifrance Group Bpifrance S.A. 100% 100% bpifrance ASSURANCE EXPORT bpifrance INVESTISSEMENT Acting in the name, on behalf of and under the control of the State Equity Investment division Venture Capital Growth Capital (Small, Mid & Large Caps) Funds of Funds Export-Credit Insurance division Management of the State Export Guarantee Funding: Public allocations Business Support Services 5 1. Article 1 of Act No. 2012-1559 dated 31 December 2012 on the creation of Bpifrance: http://www.legifrance.gouv.fr/eli/loi/2012/12/31/2012-1559/jo/texte / 2. Bpifrance Financement is 9%-owned by commercial banks / 3. Bpifrance Investissement is 100%-owned by Bpifrance Participations, a holding company, that is bpifrance 100%-owned by Bpifrance S.A. / 4. Ordinance No 2020-739 dated 17th June 2020 on the intragroup merger by absorption of Bpifrance SA by Bpifrance Financement 5 / 5. EPIC status: see details in appendix 1 / 6. Advisory services, training programmes, networking opportunities,...
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