EURONEXT INVESTOR ESG -TOOLBOX EURONEXT AT A GLANCE 7 local markets €679 million Optiq® €1.3 trillion France, Belgium, the State-of-the-art Total money raised on Netherlands, Ireland, Revenue in 2019 proprietary trading Euronext markets Portugal, Norway, UK platform over 2019 17 countries 58.8% Single-order book €7.8 billion Including technology Single gateway to the Average daily traded centres, sales office, EBITDA margin in largest liquidity pool volume on Euronext matching engines 2019 in Europe cash markets in 2019 +1,000 €5.6 billion Let’s grow together Best in class regulation 2022 compliance Employees across the Market capitalization world as of February 2020 Euronext new strategic Collegial supervision plan for 2019-2022 with a College of Regulators │ 2 EURONEXT’S DEVELOPMENT SINCE 2000 ▪ 2000 – Merger of Amsterdam, Brussels and Paris exchanges ▪ 2003 – Disposal of Clearnet ▪ 2001 – IPO ▪ 2007 – Merger with NYSE Group ▪ 2002 – Acquisition of Liffe, acquisition of Lisbon exchange ▪ 2013 – Acquisition by ICE 2019 03/2014 05/2016 ACQUISITION OF LAUNCH OF CARVE-OUT OSLO BØRS VPS CREATION OF “AGILITY FOR “NEW EURONEXT” GROWTH” RENEWAL OF IPO CLEARING LAUNCH OF 06/2014 AGREEMENT ACQUISITION OF “LET’S GROW AND 11.1% of DISPOSAL OF LIFFE THE IRISH STOCK TOGETHER LCH SA 03/2014 EXCHANGE 2022” 2017 2018 10/2019 │ 3 EURONEXT: AN OPERATING MODEL, HIGHLY SCALABLE Equity and debt issuers LISTING (large caps, SMEs) CASH & DERIVATIVES Brokers , traders and retail & TRADING institutional Investors1) Investors Banks (securities services), POST TRADE issuers Single Order Book ADVANCED DATA Index users, Data providers, SERVICES banks OPTIQ® Euronext proprietary trading platform for cash & TECHNOLOGY Exchanges, banks derivatives markets Brokers, traders & Harmonized rule book SPOT FX TRADING2) institutional Investors1) Issuers Utilities & energy POWER TRADING3) companies, traders Listed & non-listed issuers, CORPORATE SERVICES ▪ A unique gateway for investors to access our markets corporates ▪ State-of-the-art new trading platform Optiq® ▪ Enabling issuers to remain multi-listed more efficiently Broker dealers, institutional ▪ Transparent cross-border trading of securities on one single trading line INVESTOR SERVICES ▪ Ability to easily integrate and support local products and specificities Investors │ 1) Indirect users │ 4 │ 2) Spot FX trading on EuronextFX trading platform │ 3) Power trading on Nord Pool platform, consolidated from 15 January 2020 POWERING CAPITAL MARKETS TO FINANCE THE REAL ECONOMY ▪ Largest equity listing franchise in Europe: >€3.4 bn ▪ Issuers ranging from local SMEs to global large capitalisation, including family owned business Market ▪ Strong sectorial expertise including tech, oil & gas, luxury, automotive, fish and shipping industries Capitalisation ▪ Dedicated approach for each issuer profile, including post-listing advisory >42,000 ▪ Largest corporate debt listing venue globally listed bonds ▪ Extended debt listing offering with the acquisition of Euronext Dublin ▪ Local expertise attracting global clients 3.5x EU ▪ Leading European marketplace in agricultural products milling wheat ▪ Global and European benchmarks for Milling Wheat, Rapeseed and Corn production ▪ Developing value added products and services for producers, exporters, trading houses, refiners, processors and manufacturers traded ▪ Leading global exchange for price hedging of fish and seafood products Fish Pool >€180m ▪ Providing hedging tools allowing producers to invest in operational activities in a longer open position time perspective in salmon ▪ More than 200 registered trade members: fish farmers, exporters, VAP segment and financial investors │ 5 STRONG FINANCIAL PERFORMANCE SINCE ITS IPO Revenue (in €m, 3rd party revenue only) 734 679 532 60%+ 1.5x 519 496 458 EBITDA converted into net Net debt to EBITDA operating cash flow since as of Dec’19, based on 2014 2015 2016 2017 2018PF 2019 IPO proforma LTM EBITDA EBITDA (in €m, based on 3rd party revenue) 41.7% 54.7% 57.2% 55.9% 57.0% 57.0% 419 399 284 284 298 A- note, A- (outlook stable) 191 2014 2015 2016 2017 2018PF 2019 Inaugural bond Second bond Reported earnings and dividend per share €500 million, 7 years €500 million, 10 years 3.47 3.10 3.19 2.83 2.47 ▪ maturing on 18 April 2025 ▪ maturing on 12 June 2029 1.69 1.73 1.54 1.59 ▪ Coupon: 1%, ▪ Coupon: 1.125%, 1.24 1.42 0.84 Re-offer Yield: 1.047% Re-offer Yield: 1.219% ▪ Oversubscribed 4 times ▪ Oversubscribed 6 times 2014 2015 2016 2017 2018 2019 │ 2018 pro forma revenue and EBITDA rebased for the adoption of IFRS 16, including 2018 FY Commcise, Oslo Bors VPS and Euronext Dublin, with an average EUR/NOK at 9.5975 over 2018│ 6 │ 2019 revenue include 6.5 months of consolidation of Oslo Bors VPS │ 2019 dividend to be approved at May 2020 Annual General Meeting BUSINESS IS TODAY MORE DIVERSIFIED, MORE STABLE AND MORE INTERNATIONAL 2014 2019 Delta 2014-2019 Advanced Data Services Listing Advanced Data Services 20% 14% 19% Listing 19% 2) Technology Solutions & +6% share in Other Non-volume Custody & Non-volume 7% related revenue Settlement related revenue non-volume 7% 44% Technology 50% related Custody & Solutions & Settlement revenue Business Business lines Other Trading Trading 5% Clearing 6% Clearing 46% 8% 8% 41% Ireland United States Other Other Portugal 5% 3% 1% Portugal 1% Belgium 8% 5% 6% 3) Belgium 5% 17% share of Norway France New geographies 8% New geographies 49% revenue 0% 17% from new Geographies geographies France Netherlands Netherlands 58% 24% 27% │ 1) Non-volume related revenue includes Custody & Settlement, Advanced Data Services, Technology Solutions & Other and Listing excluding IPO revenue │ 2) Other includes Sweden, UK, Hong Kong │ 7 ‘LET’S GROW TOGETHER 2022’ EURONEXT STRATEGIC PLAN │ 8 LEVERAGING EURONEXT’S UNIQUE FEDERAL MODEL, CREATING A SUSTAINABLE COMPETITIVE ADVANTAGE Euronext regulated markets Euronext Tech SME initiative expansion ▪ Simplicity of access to European markets: single pool of liquidity, single best- Regulated markets in-class trading platform, single rule-book, single regulatory framework CSD Sales office Technology centre ▪ Proximity to local clients and best positioned to meet their needs ▪ Diversity of flows: global mega-flows meet local and retail flows from 7 countries Bergen Oslo Helsinki ▪ Strong links with local regulators and efficient dialogue and coordination Stockholm Tallinn with the College of Regulators ▪ Ability to attract single-country exchanges to join the federal model thanks Dublin Vilnius Amsterdam Berlin to decentralised model and strong integration track record London* Brussels ▪ Large investor customer base, especially in Europe, from generalists to Munich specialists, with a strong focus on ESG Paris Zurich Milan Porto ▪ 7 local markets, each with a group-wide responsibility Lisbon Madrid ▪ Attractive workplace with local and global career opportunities │ Euronext London is recognised as a Recognised Investment Exchange (RIE) by the Financial Conduct Authority (FCA) │ 9 BUILDING ON STRONG ASSETS TO DELIVER FUTURE GROWTH Cutting-edge proprietary technology platform Optiq® Premium level performance, increased stability and scalability Strong listing franchise with sectorial expertise, local #1 listing venue in Europe, #1 exchange for SMEs in footprint and leading global position Europe, #1 venue globally for debt and funds listings Home of the CAC 40, AEX-Index, BEL 20, PSI 20, ISEQ 20 Strong national and ESG indices and Low Carbon 100 Europe Governance, communication, compliance, advisory & Comprehensive suite of Corporate and Investors Services investors relation solutions Expertise in liquidity and yield management to remain the Largest liquidity pool as #1 cash trading venue in Europe reference market with the deepest liquidity pool Lean organisation and continuous efforts to improve Culture of efficiency assets utilisation €1+ billion capital deployed supported by long-term Agile capital deployment, flexibility financing │ 10 Our ambition Build the leading pan-European market infrastructure Our mission Connect local economies to global capital markets, to accelerate innovation and sustainable growth │ 11 LET’S GROW TOGETHER 2022: EURONEXT STRATEGIC PLAN TO FULFILL ITS AMBITION DIVERSIFY LOCAL AND ENHANCE CLIENT DELIVER OPERATIONAL GLOBAL INFRASTRUCTURES CONNECTIVITY EXCELLENCE EMPOWER PEOPLE TO ENABLE SUSTAINABLE EXECUTE VALUE-CREATIVE GROW, PERFORM AND FINANCE M&A PROGRAMME INNOVATE BUILD THE LEADING PAN-EUROPEAN MARKET INFRASTRUCTURE │ 12 INNOVATION IS AT THE HEART OF EURONEXT’S 2022 STRATEGY Empower all staff to innovate Leverage digitalisation for operational leveraging innovative methodologies innovation, enhanced client experience such as design thinking and sharing and deeper client relationships and know-how across the whole group, analytics including key learnings from recently acquired companies Deepen co-operation with clients, consistently with the Client Centricity Programme Accelerate business innovation, Further enrich Euronext’s core leveraging latest technologies technology capabilities: ▪ Tokenisation to capture alternative ▪ Continue building modular layers on financing opportunities top of Optiq® core central order book ▪ Bespoke trading models leveraging ▪ Further deployment of cloud new data approach ▪ Fully functional distributed ledger ▪ Artificial intelligence to address new technology stack data needs and opportunities │ 13 ACCELERATING THE TRANSITION TOWARDS SUSTAINABLE FINANCE “Euronext has a key position in the financial ecosystem.