Amundi FY 2021 Financial Results: Growth and Milestones

FY 2021

Strong increase of earnings: net income¹ of €1,315m (+37%)

Very robust business momentum: +€75bn in MLT assets² excl. JVs

AuM of €2,064bn with the consolidation of Lyxor as of 2021 year end

Q4 2021

Adjusted net income of €328m, up +13.9% vs. Q4 2020

Very strong business momentum, with net flows of +€60.2bn fuelled by:

Record MLT inflows^1,2 (+€75.5bn , particularly in active management)
Robust Retail business (+€43.5bn⁴)
Continuing development of JVs (+€11.4bn)

2021: High inflows and better-than-targeted results

Excellent, above-target, financial performances:

Solid increase in revenue¹, driven by higher net management fees (+15%) and the exceptional level of performance fees^[3]
Excellent operational efficiency (Cost/Income ratio¹of 47,9%)
Net income¹of €1,315m, up +37% vs. 2020

Dividend

Significantly higher dividend: €4.1 per share, i.e. +41% vs. 2020

Increased net tangible equity (€3.5bn at end-2021 post-Lyxor acquisition)

Solid financial structure after Lyxor

CE1 ratio⁴ of 16.1%

Strong growth in Retail, driven largely by third-party distributors

Development of activities in Asia and successful JV launch with BOC

Major achievements and strategic initiatives

Development of activities in Asia and successful JV launch with BOC

ESG: 2018-2021 targets exceeded and new 2025 targets announced

Ramping up of Amundi Technology

Lyxor acquisition finalised

Paris, 9 February 2022

Amundi’s Board of Directors, chaired by Yves Perrier, convened on 8 February 2022 to approve the fourth-quarter and full-year 2021 financial statements.

Yves Perrier

Amundi's CEO

By leveraging on initiatives in line with our strategic objectives and identified growth drivers, Amundi succeeded in amplifying its profitable growth trajectory in 2021: creation of a subsidiary in China with Bank of China, launch of Amundi Technology, acquisitions of Sabadell Asset Management and of Lyxor.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi

Amundi surpassed in 2021 the €2Tn of assets under management milestone, thanks to the acquisition of Lyxor and to its strong commercial momentum, as evidenced by record asset collection in MLT assets.

With the adjusted net income up 37% at 1.3 Bn€, we have exceeded the targets of our medium-term 2018-2022 strategic plan.

We have also met all the objectives of our ESG plan, confirming our leadership in the field of responsible investment. Thanks to its comprehensive range of investment solutions, its technology as well as services and solutions, Amundi is well-positioned to continue on its growth trajectory

^{Q4 and FY data do not include Lyxor figures, the acquisition of which was not finalised until 31 December 2021.}
^{Excl. JVs}
^{Exceptional level of performance fees = higher-than-average performance fees per quarter in 2017-2020 (€42m).}
^{CET 1: Core Equity Tier 1}