2020 Universal registration document and annual financial report - BNP PARIBAS150

3 2020 review of oPerations

3

Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation

➤ RECONCILIATION OF PROFIT & LOSS WITH THE ALTERNATIVE PERFORMANCE MEASURES

➤ 2020 Results by Core businesses

In millions of euros Domestic

Markets

International Financial Services CIB

Operating divisions

Corporate Centre Group

Revenues

14,932 15,938 13,763 44,633 (358) 44,275

% Change 2019 -2.2% -7.2% +13.9% +0.2% n.s. -0.7%

Operating Expenses and Dep.

(10,267) (10,117) (8,920) (29,304) (890) (30,194)

% Change 2019 -1.6% -3.7% +3.0% -1.0% -48.5% -3.6%

Gross Operating Income

4,665 5,821 4,843 15,329 (1,249) 14,081

% Change 2019 -3.3% -12.8% +41.7% +2.8% -24.6% +6.2%

Cost of Risk

(1,446) (2,775) (1,424) (5,645) (72) (5,717)

% Change 2019 +42.3% +45.2% n.s. +79.5% +23.0% +78.5%

Operating Income

3,219 3,046 3,419 9,684 (1,321) 8,364

% Change 2019 -15.4% -36.1% +6.9% -17.7% -23.0% -16.8%

Share of Earnings of Equity-Method Entities 5 353 11 369 54 423

Other Non Operating Items 50 22 24 96 939 1,035

Pre-Tax Income

3,274 3,421 3,454 10,149 (327) 9,822

% Change 2019 -14.1% -34.5% +7.7% -17.1% -61.5% -13.8%

Corporate Income Tax (2,407)

Net Income Attributable to Minority Interests (348)

Net Income Attributable to Equity Holders 7,067

➤ Reconciliation with profit and loss account aggregates of Retail Banking activity, excluding PEL/CEL effect and with 100% Private Banking

In millions of euros 2020 2019

Retail Banking & SERVICES Excl. PEL/CEL

Revenues 30,867 32,433

Operating Expenses and Dep. (20,384) (20,946)

Gross Operating Income 10,483 11,488

Cost of Risk (4,221) (2,927)

Operating Income 6,262 8,561

Share of Earnings of Equity-Method Entities 358 489

Other Non Operating Items 72 (26)

Pre-Tax Income 6,692 9,024

Allocated Equity ( bn, year to date) 55.3 54.9