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credit-agricole.com

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Investments

127

Portfolio Exits

17

Partners & Customers

10

About Credit Agricole

Credit Agricole (Euronext: ACA) operates as a bank holding company. The Company, through its subsidiaries, offers banking and insurance services, as well as designs and manages specialized financial products. Credit Agricole also provides specialized financial services including management and securities, insurance, consumer finance, private banking, and leasing and factoring.

Credit Agricole Headquarter Location

12 place des Etats-Unis

Montrouge, 92127,

France

+33-1-43-23-52-02

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Latest Credit Agricole News

New risk factors relating to the Medium term plan “2025 Ambitions” announced by Crédit Agricole S.A. on 22 June 2022

Jun 24, 2022

1 Following the announcement by Crédit Agricole S.A. of its new Medium term Plan “2025 Ambitions” on 22 June 2022 (the “2025 Medium-Term Plan”), Crédit Agricole S.A. draw investors’ attention on the following risk factors relating to the achievement of the 2025 Medium-Term Plan targets. Crédit Agricole S.A. may not achieve the targets set out in its 2025 Medium-Term Plan On 22 June 2022, Crédit Agricole S.A. announced its 2025 Medium-Term Plan “2025 Ambitions” (the “2025 Medium-Term Plan”). The 2025 Medium-Term Plan relies on the strength of the Crédit Agricole Group business model, based on the comprehensive and sustainable relationship for all clients, all regions and all channels. This development also leverages on business lines that have their own development dynamics and that have become leaders and consolidators on their respective markets. The 2025 Medium-Term Plan also relies on the organic growth strategy of Crédit Agricole Group. The Group targets 1 million additional customers in retail banking by 2025 and aims at increasing the customer equipment in P&C insurance savings solutions and real estate. It has the ambition of widening and adapting its offer range (more accessible, more responsible and more digital) so as to answer new customer needs. In addition, , the partnership and targeted acquisition strategy will be continued, with compliance to the profitability criteria (ROI > 10% by 3 years). Crédit Agricole S.A. targets new distribution partnerships with financial players as well as industrial and technological partnerships. In the 2025 Medium-Term Plan, Crédit Agricole S.A. aims at developing its worldwide business lines, increasing the pace of its growth on transversal businesses such as payments, real estate, digital banking and technology-as-a-service, and accelerating its technological, digital and human transformation. The 2025 Medium-Term Plan includes a number of financial targets, notably on the cost to income ratio, the net income, the return on equity and capital adequacy ratios. These financial targets, established primarily for purposes of internal planning and allocation of resources, are based on a number of assumptions with regard to the economic climate and the activity of the business lines of the Crédit Agricole S.A. The financial targets do not constitute projections or forecasts of anticipated results. The actual results of Crédit Agricole S.A. are likely to vary (and could vary significantly) from these targets for a number of reasons, including the materialisation of one or more of the risk factors described in this section. For example, Crédit Agricole S.A. expects to achieve the following targets presented in the 2025 Medium-Term Plan: a net income group share in excess of €6 billion by 2025, a permanent ceiling of the cost to income ratio to below 60% which will be lowered to 59% post implementation of the IFRS17 reform, return on tangible equity (RoTE) in excess of 12% by 2025, a CET1 ratio of 11% across the 2025 Medium-Term Plan with a floor at all time of 250bp above the minimum SREP requirement (together with a strategy of optimisation of the AT1 bucket). The 2025 Medium-Term Plan also provides a dividend distribution target of 50% in cash, even in case of moves of the CET1 ratio around its 2025 Medium-Term Plan target. In 2023, it is Crédit Agricole S.A. intention to propose to the General Shareholder Meeting an additional dividend of €0.20 per share that was not distributed for 2019 dividend. In addition, as a responsible and committed player, the Crédit Agricole Group adopts a fair climate transition approach that preserves social and territorial cohesion. This approach is based on three priorities: acting for climate, strengthening social cohesion, in particular by acting for equal access to healthcare, and ensuring the success of the agricultural and agri-food transitions. For climate, the Group’s action is consistent with its contribution to global carbon neutrality by 2050. End 2021, Crédit Agricole initiated a major methodological project to define decarbonisation trajectories for ten economic sectors financed by the bank, applicable to each business line and each entity. These ten sectors account for 75% of global carbon emissions and 60% of the Group’s credit exposure. This work is based on the International Energy Agency’s Net Zero Emissions scenario and follows the Glasgow Financial Alliance principles to chart a progressive withdrawal from the highest CO2-emitting assets. The path is complex. It requires enhanced customer dialogue to facilitate decarbonisation of the economy while avoiding social shock. Crédit Agricole Group has already mapped out its gradual withdrawal from the oil and gas sector by setting a target of decreasing sector-financing-related CO2 emissions by 30% in absolute value between 2020 and 2030. We are also committed to supporting the decarbonisation of the automotive sector by reducing the carbon intensity of our sector portfolio by 50% over the same period (Crédit Agricole CIB, Crédit Agricole Consumer Finance and Crédit Agricole Leasing & Factoring France portfolios). The target for the reduction of our own carbon footprint, scope 1 and 2 (energy, fleet and business travel) is also set at a minimum of 50% by 2030. The sectoral trajectories that we will continue to define and publish in 2022 and 2023 will be accompanied by action plans to ensure their implementation. For the oil and gas sector, the action plan will include the adoption of a new policy in line with the recommendations of the Glasgow Financial Alliance for Net Zero. At the same time, Crédit Agricole is accelerating its support for renewable energies by targeting 60% growth in CACIB’s exposure to low-carbon energies by 2025 and the achievement of 14 GW of installed capacity via Crédit Agricole Assurances’ investments in 2025. To go further, the Group is structuring itself and launching two new business lines: Crédit Agricole Transitions & Energies, to make energy transitions accessible to all, Crédit Agricole Santé & Territoires to facilitate access to healthcare and ageing services. Non-compliance with these ESG commitments may cause damage to Crédit Agricole S.A.’s reputation, which could lead to a negative impact on its business. More generally, the 2025 Medium-Term Plan success relies on a number of initiatives of different importance, to be rolled out in different Crédit Agricole Group entities. Though a big part of the 2025 Medium-Term Plan targets may be achieved, it is not possible to predict which ones will be achieved and which ones will not. The 2025 Medium-Term Plan also plans for significant investments, which return may be below projections if the 2025 Medium-Term Plan targets are not achieved at the end. Thus, if Crédit Agricole S.A. is not in capacity to achieve the 2025 Medium-Term Plan targets (either totally or partially), its financial position and its performance could be significantly impacted in an adverse manner. The Crédit Agricole Group may not achieve the targets set out in the 2025 Medium-Term Plan On 22 June 2022, Crédit Agricole S.A. announced its 2025 Medium-Term Plan (the “2025 Medium-Term Plan”). The 2025 Medium-Term Plan relies on the strength of the Crédit Agricole Group business model, based on the comprehensive and sustainable relationship for all clients, all regions and all channels. This development also leverage on business lines that have their own development dynamics and have become leaders and consolidators on their respective markets. The 2025 Medium-Term Plan also relies on the organic growth strategy of Crédit Agricole Group. The Group targets 1 million additional customers in retail banking by 2025 and aims at increasing the customer equipment in P&C insurance savings solutions and real estate. It has the ambition of widening and adapting its offer range (more accessible, more responsible and more digital) so as to answer new customer needs. In addition, the partnership and targeted acquisition strategy will be continued, with compliance to the profitability criteria (ROI > 10% by 3 years). Crédit Agricole S.A. targets new distribution partnerships with financial players as well as industrial and technological partnerships. In the 2025 Medium-Term Plan, Crédit Agricole S.A. aims at developing its worldwide business lines, increasing the pace of its growth on transversal businesses such as payments, real estate, digital banking and technology-as-a-service, and accelerating its technological, digital and human transformation. The 2025 Medium-Term Plan includes a number of financial targets, notably on the cost to income ratio, the net income, the return on equity, capital adequacy ratios and liquidity.. These financial targets were established primarily for purposes of internal planning and allocation of resources, and are based on a number of assumptions with regard to the economic climate and the activity of the business lines of the Crédit Agricole Group. The financial targets do not constitute projections or forecasts of anticipated results. The actual results of Crédit Agricole Group are likely to vary (and could vary significantly) from these targets for a number of reasons, including the materialisation of one or more of the risk factors described elsewhere in this section. For example, Crédit Agricole Group expects to post by 2025 a CET1 ratio above or equal to 17% and a TLAC ratio above or equal to 26% (without any eligible senior preferred debt). In addition, the Stable Resources Position Target set in the 2025 Medium-Term Plan between €110 and 130 billion would allow to meet comfortably the regulatory requirement in relation to long term liquidity structural ratio (Net Stable Funding Ratio or NSFR) In addition, as a responsible and committed player, the Crédit Agricole Group adopts a fair climate transition approach that preserves social and territorial cohesion. This approach is based on three priorities: acting for climate, strengthening social cohesion, in particular by acting for equal access to healthcare, and ensuring the success of the agricultural and agri-food transitions. For climate, the Group’s action is consistent with its contribution to global carbon neutrality by 2050. End 2021, Crédit Agricole initiated a major methodological project to define decarbonisation trajectories for ten economic sectors financed by the bank, applicable to each business line and each entity. These ten sectors account for 75% of global carbon emissions and 60% of the Group’s credit exposure. This work is based on the International Energy Agency’s Net Zero Emissions scenario and follows the Glasgow Financial Alliance principles to chart a progressive withdrawal from the highest CO2-emitting assets. The path is complex. It requires enhanced customer dialogue to facilitate decarbonisation of the economy while avoiding social shock. Crédit Agricole Group has already mapped out its gradual withdrawal from the oil and gas sector by setting a target of decreasing sector-financing-related CO2 emissions by 30% in absolute value between 2020 and 2030. We are also committed to supporting the decarbonisation of the automotive sector by reducing the carbon intensity of our sector portfolio by 50% over the same period (Crédit Agricole CIB, Crédit Agricole Consumer Finance and Crédit Agricole Leasing & Factoring France portfolios). The target for the reduction of our own carbon footprint, scope 1 and 2 (energy, fleet and business travel) is also set at a minimum of 50% by 2030. The sectoral trajectories that we will continue to define and publish in 2022 and 2023 will be accompanied by action plans to ensure their implementation. For the oil and gas sector, the action plan will include the adoption of a new policy in line with the recommendations of the Glasgow Financial Alliance for Net Zero. At the same time, Crédit Agricole is accelerating its support for renewable energies by targeting 60% growth in CACIB’s exposure to low-carbon energies by 2025 and the achievement of 14 GW of installed capacity via Crédit Agricole Assurances’ investments in 2025. To go further, the Group is structuring itself and launching two new business lines: Crédit Agricole Transitions & Energies, to make energy transitions accessible to all, Crédit Agricole Santé & Territoires to facilitate access to healthcare and ageing services. Non-compliance with these ESG commitments may cause damage to Crédit Agricole Group reputation, which may lead to a negative impact on its business. More generally, the 2025 Medium-Term Plan success relies on a number of initiatives of different importance, to be rolled out in different Crédit Agricole Group entities. Though a big part of the 2025 Medium-Term Plan targets may be achieved, it is not possible to predict which ones will be achieved and which ones will not. The 2025 Medium-Term Plan also plans for significant investments, which return may be below projections if the 2025 Medium-Term Plan targets are not achieved at the end. Thus, if Crédit Agricole Group is not in capacity to achieve the 2025 Medium-Term Plan targets (either totally or partially), its financial position and its performance could be significantly impacted in an adverse manner. DISCLAIMER In this press release, “Credit Agricole Group” is defined as the whole made up of Credit Agricole S.A. (the parent company and listed company), and its direct and indirect consolidated subsidiaries according to the meaning of Article L. 233-3. of the French Commercial Code (Code de Commerce), the Caisses Régionales de Crédit Agricole Mutuel, the Caisses Locales de Crédit Agricole and their respective direct and indirect subsidiaries. This press release may include prospective information and considerations on Crédit Agricole S.A. and the Crédit Agricole Group related to trends. The information and considerations include financial projections, the underlying considerations and assumptions on which these projections are based, statements on projects, targets and expectations regarding future transactions, products and services, as well as considerations on future performance. This data does not represent forecasts within the meaning of EU Delegated Act 2019/980 of 14 March 2019 (chapter 1, article 1,d). This information was developed from scenarios based on a number of economic assumptions for a given competitive and regulatory environment. Therefore, these assumptions are by nature subject to random factors and uncertainties that are difficult to predict and that could cause the actual results to differ substantially from those presented, implied or arising from the prospective information and considerations mentioned. Likewise, the financial statements are based on estimates, particularly in calculating market value and asset impairment. Readers must take all these risk factors and uncertainties into consideration before making their own judgement. CREDIT AGRICOLE S.A. PRESS CONTACTS: Charlotte de Chavagnac     Institutional Investors + 33 1 43 23 04 31 investor.relations@credit-agricole-sa.fr Individual shareholders         + 33 800 000 777 relation@actionnaires.credit-agricole.com (toll free number France only) Clotilde L’Angevin + 33 1 43 23 32 45          clotilde.langevin@credit-agricole-sa.fr Fethi Azzoug + 33 1 57 72 03 75                  fethi.azzoug@credit-agricole-sa.fr Oriane Cante                + 33 1 43 23 03 07                 oriane.cante@credit-agricole-sa.fr Nicolas Ianna                + 33 1 43 23 55 51                 nicolas.ianna@credit-agricole-sa.fr Leïla Mamou                + 33 1 57 72 07 93                 leila.mamou@credit-agricole-sa.fr Anna Pigoulevski                + 33 1 43 23 40 59                 anna.pigoulevski@credit-agricole-sa.fr Annabelle Wiriath                + 33 1 43 23 55 52                 annabelle.wiriath@credit-agricole-sa.fr Read all our press releases at: www.credit-agricole.com - www.creditagricole.info 1 This press release cancels and replaces the press release entitled "Amendment to the risk factors of the Universal registration Document of Crédit Agricole S.A" published by Crédit Agricole S.A. on 23 June 2022. The risk factors in Crédit Agricole S.A.'s Universal Registration Document are not modified by this press release, which is intended to draw investors' attention to new risk factors following the announcement by Crédit Agricole S.A. of its new Medium term Plan “2025 Ambitions” on 22 June 2022. The text of the risk factors remains unchanged.

Credit Agricole Investments

127 Investments

Credit Agricole has made 127 investments. Their latest investment was in Healshape as part of their Series A on June 6, 2022.

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Credit Agricole Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2022

Series A

Healshape

$6.32M

Yes

2

6/3/2022

Unattributed VC

SINTERmat

$6.44M

Yes

1

6/2/2022

Series C

Diabeloop

$75M

No

7

5/6/2022

Line of Credit

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$99M

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10

5/6/2022

Loan

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$99M

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10

Date

6/28/2022

6/3/2022

6/2/2022

5/6/2022

5/6/2022

Round

Series A

Unattributed VC

Series C

Line of Credit

Loan

Company

Healshape

SINTERmat

Diabeloop

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Amount

$6.32M

$6.44M

$75M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

1

7

10

10

Credit Agricole Portfolio Exits

17 Portfolio Exits

Credit Agricole has 17 portfolio exits. Their latest portfolio exit was Fill Up Media on June 27, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/27/2022

IPO

$99M

Public

1

6/8/2022

Acquired

$99M

1

2/22/2022

Acquired

$99M

1

12/7/2021

Acq - Fin

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$99M

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10

11/2/2021

IPO

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$99M

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10

Date

6/27/2022

6/8/2022

2/22/2022

12/7/2021

11/2/2021

Exit

IPO

Acquired

Acquired

Acq - Fin

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

1

1

10

10

Credit Agricole Acquisitions

12 Acquisitions

Credit Agricole acquired 12 companies. Their latest acquisition was Eolia Renovables on November 11, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/11/2021

$99M

Acquired - II

3

2/5/2021

$99M

Acq - Pending

2

1/28/2020

Series B

$99M

$26.18M

Corporate Majority

2

12/26/2017

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$99M

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10

12/21/2017

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$99M

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10

Date

11/11/2021

2/5/2021

1/28/2020

12/26/2017

12/21/2017

Investment Stage

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$26.18M

Note

Acquired - II

Acq - Pending

Corporate Majority

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Sources

3

2

2

10

10

Credit Agricole Partners & Customers

10 Partners and customers

Credit Agricole has 10 strategic partners and customers. Credit Agricole recently partnered with Trustpair on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/12/2022

Partner

France

1

5/10/2022

Partner

India

Wipro Re-Engaged by Crédit Agricole CIB to Support the Company’s IT Infrastructure Transformation

Thierry Delaporte , CEO and Managing Director , Wipro Limited said , `` This new agreement is an affirmation of our strong relationship with Crédit Agricole CIB .

2

4/8/2022

Vendor

United States

Biometric payment card competition heats up; Idemia, Thales vie for Egypt contract

Africa Intelligence reports that in October 2021 , it announced a partnership with e-Cards , a subsidiary of the state-run e-Finance Investment Group to deploy Idemia 's Card Personalization System in Egypt .

1

5/14/2020

Partner

Japan

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10

2/11/2020

Partner

France

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10

Date

5/12/2022

5/10/2022

4/8/2022

5/14/2020

2/11/2020

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

France

India

United States

Japan

France

News Snippet

Wipro Re-Engaged by Crédit Agricole CIB to Support the Company’s IT Infrastructure Transformation

Thierry Delaporte , CEO and Managing Director , Wipro Limited said , `` This new agreement is an affirmation of our strong relationship with Crédit Agricole CIB .

Biometric payment card competition heats up; Idemia, Thales vie for Egypt contract

Africa Intelligence reports that in October 2021 , it announced a partnership with e-Cards , a subsidiary of the state-run e-Finance Investment Group to deploy Idemia 's Card Personalization System in Egypt .

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Sources

1

2

1

10

10

Credit Agricole Team

14 Team Members

Credit Agricole has 14 team members, including current Chief Executive Officer, Stéphane Priami.

Name

Work History

Title

Status

Stéphane Priami

Credit Agricole Consumer Finance, LCL, and Credit Agricole Aquitaine

Chief Executive Officer

Current

Valérie Baudson

CPR Asset Management, and Eramet

Managing Director

Current

Bruno Maisonnier

Chief Executive Officer

Former

Clotilde Bouchet

AXA Investment Managers, ABN AMRO Bank, and Dexia

Chief Financial Officer

Former

Sonia Trocmé Le Page

Senior Vice President

Former

Name

Stéphane Priami

Valérie Baudson

Bruno Maisonnier

Clotilde Bouchet

Sonia Trocmé Le Page

Work History

Credit Agricole Consumer Finance, LCL, and Credit Agricole Aquitaine

CPR Asset Management, and Eramet

AXA Investment Managers, ABN AMRO Bank, and Dexia

Title

Chief Executive Officer

Managing Director

Chief Executive Officer

Chief Financial Officer

Senior Vice President

Status

Current

Current

Former

Former

Former

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