Investor Presentaiton

Bpifrance 1. Overview of Bpifrance Bpifrance has a unique and a rock-solid balance sheet reflecting its safe and sound business model Summary consolidated balance sheet (€bn) Assets Bpifrance Financement bpifrance Liabilities 71,9 71,9 Cash 3,9 59,2 8,2 59,2 Others4 8,1 1,3 8,9 Innovation & Guarantee¹ Guarantee & State 3,7 8,9 7,7 Innovation funds account 15,7 11,7 Financing Securities porfolio & Others³ 56,2 Debt funding 37,3 39,2 Financing - Credit portfolios 43.8 Own account Shareholders' equity Dec. 2019 June 2019 Dec. 2019 June. 2020 91,0 91,0 79,8 9,6 Cash 79,8 4,8 8,1 3,4 Others4 8,9 ■Innovation & Guarantee² 8,9 3.4 Guarantee & 11,9 16,1 - Financing Securities Innovation funds State account portfolio & Others assets³ 56,2 Financing - Credit 43,8 Debt funding 37.3 39,2 portfolios Own account 183 17,2 Equity investment portfolio Shareholders' 21,8 equity June. 2020 Dec. 2019 June. 2020 Dec. 2019 1. Assets-Innovation: Aids and Loans; Assets-Guarantee: Securities portfolio and cash / 3. mainly securities portfolio held-to-maturity (10,0€bn) 4.Liabilities-Others: particularly shareholder's advance for Guarantee and Innovation, allocations to be paid, commercial resources, provisions 6

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