Amundi, Financial year 2022

Net income^[1]^,^[2] of €1.2bn and positive inflows of +€7bn

^{^}[1] Net income, Group share
^{^}[2] Adjusted data: excluding amortisation of the intangible assets, the integration costs related to Lyxor and, in 2021, the impact of Affrancamento (see note on p. 11).

2022		Positive inflows of +€7bn, particularly on the highest-margin segments and areas of expertise, in a European asset management market that experienced large outflows^[1] Retail (excl. JVs): +€10bn MLT assets (excl. JVs): +€8bn Adjusted net income^1,² of €1.2bn, stable compared to 2021 excl. the exceptional level of performance fees Net management fees up by +7.6% vs. 2021, stable on a like-for-like basis^[2] Operating expenses² down vs. 2021 on a like-for-like basis⁴ Cost/income ratio 53.3%²

Q4 2022		Net inflows of +€15bn Adjusted net income¹^,² of €303m, up +7.5% Q4/Q3 Sustained management fees and high level of performance fees Good cost control, cost/income ratio² at 52.1%

Lyxor		Full integration of Lyxor completed in less than nine months First cost and revenue synergies generated more quickly than planned

Financial structure & Dividend		CET1^[3] ratio at 19.1%, well above regulatory requirements Dividend proposed to AGM identical to 2021: €4.10 per share

Amundi’s Board of Directors, chaired by Yves Perrier, convened on 7 February 2023 to review the fourth-quarter and full-year 2022 financial statements.

Valérie Baudson, CEO, said: “Amundi posted strong performances in 2022.
Our net income1 stood at €1.2bn, and our net inflows ended the year in decidedly positive territory, in contrast to the European asset management market.
These results were achieved thanks to the quality of our investment management teams, the adaptation of our product offering, but also thanks to our ability to lower our cost base in an unfavourable market environment.
In 2022 Amundi continued its development, focusing on the growth drivers of its 2025 Ambitions Plan, namely in real assets, passive management, technology, services and Asia.
Lastly, the integration of Lyxor was successfully completed in less than nine months. It makes Amundi a European leader in ETFs, with a fully-operational platform, and it is already delivering cost and revenue synergies.
Our agility, growth drivers, diversification, high level of profitability and financial solidity allow us to be confident in Amundi’s value-creating capacity.
We propose to our shareholders a dividend for 2022 stable vs. 2021.”

^{^}[1] Source Morningstar, European open-ended funds, cross-border and domestic
^{^}[2] Constant scope: including Lyxor in 2021
^{^}[3] CET 1: Common Equity Tier 1

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players^[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets^[2].

With its six international investment hubs^[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society.

^{^}[1] Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
^{^}[2] Amundi data as at 31/12/2022
^{^}[3] Boston, Dublin, London, Milan, Paris and Tokyo

DISCLAIMER:

This document may contain projections concerning Amundi's financial situation and results.
The figures provided do not constitute a “forecast” as defined in Commission Delegated Regulation (EU) 2019/980.

This information is based on scenarios that employ a number of economic assumptions in a given competitive and regulatory context. As such, the projections and results indicated may not necessarily come to pass due to unforeseeable circumstances. The reader should take all of these uncertainties and risks into consideration before forming their own opinion.

The figures presented were prepared in accordance with IFRS guidelines as adopted by the European Union. Data including Lyxor in 2021, before the integration in the accounts as from 1 January 2022, (with assumptions about the restatement of certain activities retained by SG).

The information contained in this presentation, to the extent that it relates to parties other than Amundi or comes from external sources, has not been verified by a supervisory authority, and no representation or warranty has been expressed as to, nor should any reliance be placed on, the fairness, accuracy, correctness or completeness of the information or opinions contained herein. Neither Amundi nor its representatives can be held liable for any decision made, negligence or loss that may result from the use of this presentation or its contents, or anything related to them, or any document or information to which the presentation may refer.

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Linked asset

Amundi Q4-2022 Results-PR_EN - online.pdf

08-02-2023

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