ODDO BHF Live 2022 Speakers' Highlights

Speakers HIGHLIGHTS

1 ODDO BHF LIVE

2 ODDO BHF LIVE

3 ODDO BHF LIVE

Key figures

5 300 viewers

20

hours of live

50

speakers

30

ODDO BHF experts 4 ODDO BHF LIVE

PROGRAM MONDAY, JANUARY 10 TH MONDAY, JANUARY 10TH Good Morning Markets CET 8:30 - 9:00

Christophe Tadié ·Head of Corporate Investment Banking at ODDO BHF Matthias Desmarais · Deputy Head of Equities at ODDO BHF Sylvain Goyon, CFA · Head Equity Strategy at ODDO BHF Agathe Schittly · Global Chief Marketing Officer, Member of the General Management Committee at ODDO BHF

The Lead with Laurent Mignon by Natixis CIB CET 9:00 - 9:30

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Gilles Babinet · Co-president of the French National Council on Digital Affairs, Digital advisor to the Montaigne Institute, Writer Stephane Houri · Equity Analyst, Head of Sector Equity Research at ODDO BHF

The Lead with Sigmar Gabriel CET 11:45 - 12:15

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Ola Källenius · Chairman of the Board of Management of Daimler AG Michael Foundoukidis · Senior Analyst Autos & Auto Parts at ODDO BHF

Talk with Gilles Babinet CET 11:30 - 11:45

14

Alessandro Foti · CEO and General Manager of FinecoBank Jean-Marc Stenger · CEO of Societe Generale - Forge Didier Valet · President of Xanthe Conseil Miriam Wohlfarth · Founder of Banxware Alex Koagne · Thematic Equity Portfolio Manager, Financials at ODDO BHF

The Lead with Ola Källenius CET 11:00 - 11:30

13

Catherine MacGregor · CEO of Engie Louis Boujard · Equity Analyst Utilities / Renewable at ODDO BHF

Focus on: Future of Finance CET 10:30 - 11:00

12

Arnaud Fontanet · Epidemiologist, French Scientific Council member Didier Pittet · Head of Infection Prevention and Control at HUG and Faculty of Medicine of Geneva, Director of the WHO Collaborating Centre for patient safety Martial Descoutures · Senior Equity Analyst Pharma & Biotech at ODDO BHF Matthias Desmarais · Deputy Head of Equities at ODDO BHF

The Lead with Catherine MacGregor CET 10:00 - 10:30

11

Laurent Mignon · Chairman of the Groupe BPCE Management Board and CEO Philippe Oddo · General Partner and CEO of ODDO BHF

Focus on: Covid-19 WHAT TO EXPECT GOING FORWARD? CET 9:30 - 10:00

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Sigmar Gabriel · Former Vice Chancellor, Former Minister for Foreign Affairs, German Chairman of the Atlantik-Brücke e.V. Philippe Oddo · General Partner and CEO of ODDO BHF Werner Taiber · Chairman of the Supervisory Board of ODDO BHF AG

16

The Lead with Patrick Pouyanné CET 12:15 - 12:45

Patrick Pouyanné · Chairman & CEO of TotalEnergies Ahmed Ben Salem · Oil & Gas Equity Analyst at ODDO BHF

2022 Investment Brief CET 12:45 - 13:30

25

Changpeng Zhao · Founder and CEO of Binance Alexis Le Portz · Chief Innovation Officer at ODDO BHF

The Closing Bell

CET 17:45 - 18:00

24

Clément Beaune · Minister of State for European Affairs, attached to the Minister for Europe and Foreign Affairs

Talk with Changpeng Zhao CET 17:00 - 17:15

23

Aurélie Jean · Computational scientist, CEO and founder of In Silico Veritas, and CAIO and co-founder of DPEEX Jeremy Harroch · Founder & CEO of Quantemetry Dr. Luc Julia · Co-creator of Siri, directed Siri at Apple and currently the Chief Scientific Officer for Renault Group Antoine Blondeau · Co-founder and Managing Partner of Alpha Intelligence Capital (AIC) Brice Prunas · Global Equity Portfolio Manager at ODDO BHF

The Lead with Clément Beaune CET 16:30 - 17:00

22

Thomas Buberl · CEO of Axa Benoit Valleaux · Insurance Equity Analyst at ODDO BHF

Focus on: Artificial Intelligence IS IT A GAME CHANGER? CET 16:00 - 16:30

21

Anne-Christine Champion · Co-Head of Natixis Corporate & Investment Banking Fabienne Lecorvaisier · Executive Vice President at Air Liquide Mathias Burghardt · Member of the Executive Committee and Head of Ardian Infrastructure Paris Martina Macpherson · Head of ESG Strategy at ODDO BHF

The Lead with Thomas Buberl CET 15:30 - 16:00

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Peter Altmaier · Former German Federal Minister for Economic Affairs and Energy Philippe Oddo · General Partner and CEO of ODDO BHF Werner Taiber · Chairman of the Supervisory Board of ODDO BHF AG

Focus on by Natixis CIB: Climate Change +2°C, WHAT DOES IT TAKE? CET 14:30 - 15:00

20

Jean-Charles Decaux · Co-CEO of JCDecaux SA Jérôme Bodin · Equity Analyst Media at ODDO BHF

The Lead with Peter Altmaier CET 14:00 - 14:30

18

Bruno Cavalier · Chief Economist at ODDO BHF Laurent Denize · Global CIO at ODDO BHF Asset Management

The Lead with Jean-Charles Decaux CET 13:30 - 14:00

17

Nathalie de Medina · Senior Sales Trader UK at ODDO BHF Michael Vermehren · Head of Sales Iberia at ODDO BHF Sylvain Tessier · Deputy Head of Equities, Head of ECM & Corporate Broking at ODDO BHF

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PROGRAM TUESDAY, JANUARY 11 TH

Good Morning Markets

CET 8:30 - 9:00

Matthias Desmarais · Deputy Head of Equities at ODDO BHF Stephane Houri · Head of Sector Research at ODDO BHF Michael B. Schäfer · Senior Analyst Chemicals at ODDO BHF Daniel Wendorff · Deputy Head of Research Germany Healthcare & Life Sciences at ODDO BHF

The Lead with Stéphane Bancel CET 9:00 - 9:30

CET 11:00 - 11:30

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Dominique Moïsi · Special Advisor for Geopolitics to Institut Montaigne Ken Wong · Director, Client Portfolio Manager China Equities, Eastspring Yan Lan · Vice Chairman of Investment Banking at Lazard, Chairman and CEO of Greater China Valérie Niquet · Head, Asia Program, Foundation for Strategic Research Senior Research Fellow, Japan Institute of International Affairs Dr. Axel Schweitzer · CEO of ALBA Group Martin Fechtner, CFA · Multi-Asset Portfolio Manager, Emerging Markets at ODDO BHF

The Lead with Angela Titzrath CET 10:30 - 11:00

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Stéphane Bancel · CEO of Moderna Martial Descoutures · Senior Equity Analyst Pharma & Biotech at ODDO BHF

Focus on: China INVESTMENT CASE FOR 2022 CET 9:30 - 10:30

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Angela Titzrath · CEO of Hamburger Hafen und Logistik AG (HHLA) Matthias Desmarais · Deputy Head of Equities at ODDO BHF

Focus on: Future of Food HOW WOULD THE FOOD REVOLUTION IMPACT OUR DAILY MEALS?

30

Matthieu Vincent · Partner at DigitalFoodLab Guillaume Fourdinier · Co-founder and CEO of Agricool Clément Bonhomme · Co-founder & co-CEO at Foodles Anastasia Hofmann · Co-founder and co-CEO of KITRO Clément Maclou · Senior Thematic Equity Portfolio Manager at ODDO BHF

The Lead with Ben Smith CET 11:30 - 12:00

Ben Smith · CEO of Air France-KLM Yan Derocles · Aerospace & Airlines Equity Analyst at ODDO BHF

The Lead with Miki Yokoyama CET 12:00 - 12:30

31

Miki Yokoyama · Venture Partner at Pirate Impact Léa Miomandre · ESG Analyst at ODDO BHF

32

Lunch with ODDO BHF CET 12:30 - 13:15

Christophe-Raphaël Ganet · Head of Midcap Research at ODDO BHF Jérémy Garnier · Head of NextCap Research at ODDO BHF Pierre Bresnu · Market Data Analyst at ODDO BHF Carole Braudeau · Head of Fixed Income Research at ODDO BHF Yan Derocles · Aerospace & Airlines Equity Analyst at ODDO BHF Emira Sagaama · Sustainability Research Senior ESG Analyst at ODDO BHF Michael Foundoukidis · Senior Analyst Autos & Auto Parts at ODDO BHF Alain William · Metals & Mining Senior Equity Analyst at ODDO BHF

Talk with Yves Daccord CET 13:15 - 13:30

38

Jeremy Ghez · Associate Professor of Economics & International Affairs at HEC Paris Alexandra de Hoop Scheffer · Director of Research, Director of the Paris Office, German Marshall Fund of the United States Thomas Mucha · Managing Director and Geopolitical Strategist at Wellington Management Hani Kablawi · Chairman of International at BNY Mellon Werner Taiber · Chairman of the Supervisory Board of ODDO BHF AG

Focus on by BBVA: Climate Change

CET 15:30 - 16:00

37

Jérôme Caron · directeur administratif et financier de HGCT Sylvain Tessier · Deputy Head of Equities, Head of ECM & Corporate Broking at ODDO BHF

Focus on: US foreign policy and economy WHICH PRIORITIES FOR 2022?

CET 15:00 - 15:30

36

Amir Banifatemi · Chief Innovation & Growth Officer at XPRIZE Benoit Claveranne · Chief Transformation & Development Officer at ODDO BHF

Talk with Jérôme Caron CET 14:45 - 15:00

35

Paul Maurice · Research Fellow at the Study Committee on Franco-German Relations (Cerfa) at the French Institute of International Relations Maria Demertzis · Deputy Director at Institut Bruegel Prof. Marina Henke · Professor of International Relations; Director at Centre for International Security Bruno Cavalier · Chief Economist at ODDO BHF

Talk with Amir Banifatemi CET 14:30 - 14:45

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Prof. Patrick Aebischer · President Emeritus of EPFL Thierry Lombard · Member of the Supervisory Board ODDO BHF and Vice Chairman of the Board of Directors ODDO BHF

Focus on: Europe IS A NEW DEAL IN THE CARDS IN 2022?

CET 14:00 - 14:30

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Yves Daccord · Executive chairman of the Edgelands Institute, former DG of the ICRC (international committee of the Red Cross)

The Lead with Prof. Patrick Aebischer CET 13:30 - 14:00

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Luisa Gomez Bravo · Global Head of Corporate and Investment Banking at BBVA Javier Rodríguez Soler · Global Head of Sustainability at BBVA Luis Cabra · Executive Managing Director of Energy Transition, Sustainability, and Technology; and Deputy CEO at Repsol.

Jean-Baptiste Rouphael · ESG Analyst, Head of Sustainability Research at ODDO BHF

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The Lead with Al Gore CET 16:00 - 16:45

Al Gore · Former Vice President of the United States of America, Chairman of The Climate Reality Project, 2007 Nobel Peace Prize Philippe Oddo · General Partner and CEO of ODDO BHF Thierry Lombard · Member of the Supervisory Board ODDO BHF and Vice Chairman of the Board of Directors ODDO BHF

The Lead with Sébastien Bazin CET 16:45 - 17:15

41

Sébastien Bazin · Chairman and CEO of Accor Johanna Jourdain · Hotels, Leisure & Support services Equity Analyst at ODDO BHF

The Closing Bell CET 17:15 - 17:30

40

Kim Last · Head of German Equity Market New York Corporation at ODDO BHF Evelyne Halkema Groll · Senior Sales Germany at ODDO BHF Philippe Oddo · General Partner and CEO of ODDO BHF

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Day 1 MONDAY, JANUARY 10 TH

10 ODDO BHF LIVE

CE T 8:30 - 9:0 0

The lead with LAURENT MIGNON

Eye on the Future of EU Banking While 2021 saw disruption across nearly every part of the global economy, Europe’s banks proved themselves adept at weathering the storm through a combination of risk management, preparation and technological investment. However, the global pandemic has accelerated existing trends that were already transforming the financial landscape, such as digitisation, diversification of work habits and climate change.

These trends play a key role in shaping the challenges to come in 2022. Chief in the thoughts of many is inflation, which has doubled in 2022. Laurent Mignon, Chief Executive Officer of Groupe BPCE, attributes this change to structural issues, rather than conjunctural ones.

Climate change is the number one event that we’re going to have to deal with for the next 15 years. We’ve built processes on a specific energy mix for the last 50 years, which we’re now going to have to change as we move to a low carbon economy

LAURENT MIGNON Chairman of the Groupe BPCE Management Board and CEO

Discussion with

PHILIPPE ODDO General Partner and CEO of ODDO BHF

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For the last 20 years, trends such as globalisation and digitisation have worked to keep inflation low by reducing production costs and increasing efficiency. Now, however, globalisation seems to have reached its limit, or even be turning back as nations seek greater supply chain control. Meanwhile, we are finally having to reckon with the environmental cost of years of growth. “Climate change is the number one event that we’re going to have to deal with for the next 15 years”, explains Mignon. “We’ve built processes on a specific energy mix for the last 50 years, which we’re now going to have to change as we move to a low carbon economy.”

Some relief may come from reduced energy and raw material usage from a slowing China, as well as greater wage efficiency from a newly global remote labour market, but for now, it’s reasonable to think that some form of high inflation will be here to stay as we navigate a new future.

In this environment, Europe must also decide where it wants its banking sector to go. While new regulation such as Basel 3 favours a US-model of banking, there is a real choice to be made about whether European banks are industry champions or public infrastructure. Remaining innovative and competitive in this market, where many banks are valued below book, will require willingness to collaborate with up-and-coming fintechs as well as a nuanced approach to regulation that delivers the right outcomes for institutions, shareholders and customers.

CET 9:30 - 10:00

Focus on COVID-19 - WHAT TO EXPECT GOING FORWARD? Post-Pandemic: Beyond the Covid Crisis For the last two years, one issue has dominated the headlines above all. While rising vaccination rates and global coordination have improved conditions for some nations, the arrival of the Omicron variant has shown how much uncertainty remains, and how far we have to go.

There are positive signs in how the world has responded to the most recent outbreak, including rapid action from pharmaceutical businesses, who have diversified their range of treatments with the long term in mind. These include the current vaccines from major manufacturers, as well as boosters, Omicron-focused boosters and multivalent boosters targeting potential future mutations, which are expected within three-five months. In addition, current treatments remain effective, with vaccination reducing hospitalisation by 50% and ICU risk by 66%, according to Epidemiologist Arnaud Fontanet.

Rebuilding trust and stability will require a combination of economic and health strategies working in concert.

When considering the necessary steps to restore confidence for investors and the public alike, Matthias Desmarais, Deputy Head of Equities at ODDO BHF, highlights the need for a global vaccine strategy as well as coordinated policies from central banks to tackle rising inflation.

Now is also the time to look to the world we will be left with once the dust settles. The pandemic has rapidly increased the pace of digitalisation in every industry, as businesses react to new cost pressures and labour needs, but also climate change has taken on new prominence. It’s those institutions and investors that can best adapt to this new world that will succeed beyond the crisis.

ARNAUD FONTANET Epidemiologist, French Scientific Council member

DIDIER PITTET Head of Infection Prevention and Control at HUG and Faculty of Medicine of Geneva, Director of the WHO Collaborating Centre for patient safety

MARTIAL DESCOUTURES Senior Equity Analyst Pharma & Biotech at ODDO BHF Markets show increased resilience in the face of the latest outbreak. During the initial arrival of the disease in 2020, shares fell on average 30%, reduced to 4-5% on news of the Omicron outbreak. However, the economic impact remains severe for several industries, particularly travel and commercial real estate. Others have flourished, including healthcare, digitisation, e-commerce, semiconductors and luxury goods.

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MATTHIAS DESMARAIS Deputy Head of Equities at ODDO BHF

CET 10:00 - 10:30

The lead with CATHERINE MACGREGOR Eye on European Energy Futures

It’s not a matter of availability of renewable electricity, it’s about being able to do it 100% of the time

As European regulators eye significant cuts in carbon emissions to meet their 2030 Climate Target Plan, decarbonisation and renewable energy are top of the agenda. The energy industry itself is already undergoing massive transformation at a pace never seen before. In this changing world, legislators and businesses must align the environmental needs of the climate with economic, social and political considerations – a careful balancing act.

One certainty when it comes to the future of energy is the value of diversification. While huge strides have been made in renewable energy technology, many of the key sources of power such as solar and wind energy are not reliable on their own to meet our energy needs. According to Catherine MacGregor, CEO of Engie, “It’s not a matter of availability of renewable electricity, it’s about being able to do it 100% of the time.” This will require tomorrow’s energy leaders to integrate assets from different sources to balance supply and demand.

Electrifying all elements of society would require massive investment and large-scale transformation of existing power systems.

CATHERINE MACGREGOR CEO of ENGIE

Discussion with LOUIS BOUJARD, CFA Equity Analyst Utilities / Renewable at ODDO BHF

13 ODDO BHF LIVE

In addition, there are certain industries which will prove especially impossible, to decarbonise through electrification, such as steel production or heavy transport.

Therefore, one of the most promising avenues for investment and exploration is so-called ‘renewable gas’. Sources of combustible gas such as biomethane and hydrogen and its derivatives will enable the continued use of some existing infrastructure, while still reducing overall carbon output. Not only does this reduce the lead time for implementing greener solutions, but it also reduces the eventual cost of renewable energy, explains MacGregor, “Throughout the transition, we need to think how to keep it affordable, otherwise people will go back to coal.”

Regulation must play a key role. Initiatives such as the EU’s Fit for 55 measures must maintain a focus on a reliable energy mix, holistic supply that can endure countries flexing their capacity and financial incentives that give businesses the flexibility to manage their own emissions proactively.

CET 9:30 - 10:00

Focus on FUTURE OF FINANCE The changing financial landscape in 2022 The world of finance is changing fast, driven by new regulation, evolving technology and higher consumer expectations.

While fintechs are driving much of the change, incumbent banks and lenders remain the leaders in terms of market share. As providers, old and new, move forward we consider how their roles will evolve to best serve the market, consumers and their shareholders.

The advance of technology showed no sign of slowing in 2021. According to Alex Koagne, Thematic Equity Portfolio Manager, Financials at ODDO BHF, 2021 was a record year for fintech fundraising, with over $420bn raised, compared to $45bn in 2020. Other key trends include the risk of buynow-pay-later services, which made up 1.8% of the $4.6 turn of outstanding payments online in 2021, and are predicted to hit 3.3% in 2022.

“In the US we have seen fintech diverting $8-$10bn in revenues from traditional banks and banks are not responding boldly enough to compete in this growing pool of revenue”, said Mr. Koagne. Another area that has seen record growth is cryptocurrency, with over $30bn raised in 2021, corporates such as Tesla and Nike accepting crypto payments and central banks developing their own digital currencies.

In this dynamic environment, customer preferences are driving shifts in user experiences. Investment remains sluggish for some incumbents however, with European banks spending more on updating legacy systems than innovation compared to US counterparts such as JP Morgan. However, fintechs and banks do remain viable growth partners. “Fintechs can’t grow without banks as they need someone to help fulfil regulatory issues,” explains Miriam Wohlfarth, Founder of fintech Banxware.

The challenge will be for banks to leverage the strengths of fintech, such as customer experience and agility, without losing control of their valuable customer relationships. In a rapidly expanding financial sector, where insurtech, payments, embedded finance and crypto are all racing ahead, banks will need to embrace collaboration and competition to remain relevant.

ALESSANDRO FOTI CEO and General Manager of FinecoBank

JEAN-MARC STENGER CEO of Societe Generale - Forge

DIDIER VALET President of Xanthe Conseil

MIRIAM WOHLFARTH Founder of Banxware

ALEX KOAGNE Thematic Equity Portfolio Manager, Financials at ODDO BHF

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CET 11:30 - 11:45

Talk with GILLES BABINET Safeguarding technology manufacturing GILLES BABINET Co-president of the French National Council on Digital Affairs, Digital advisor to the Montaigne Institute, Writer

A long-term plan needs to include jobs, factories and nurturing of a wider ecosystem.

Over the last fifty years, we have become accustomed to an increasingly globalised economy where products can be sourced, manufactured and transported from the most cost-effective producer anywhere in the world. However, the global pandemic has revealed the fragility of these networks and shown the consequences, both human and economic, of losing control of these supply chains.

Semiconductors are a core component of any smart device, which now includes everything from phones to cars. Despite decades of investment, the last year has seen semiconductor supply heavily disrupted thanks to a surge in demand, as well as a shortfall in forecasting. This has brought assembly lines to a standstill in some countries and highlighted the risks of being so heavily reliant on production in China and Taiwan.

In order to safeguard its future, Europe must devote attention to this issue. While Europe was responsible for 40% of semiconductor production three decades ago, that figure has dropped at 10%. In light of recent challenges, the EU is planning to double its output in the coming years, but this will require time, as well as a holistic vision for the industry.

“This project is feasible, but you need to account for a generation to make the change. This is not something you can do in the next five years. You also need the start-ups supplying these industries as well as consuming the products,” says Gilles Babinet, Co-president of the French National Council.

“A long-term plan needs to include jobs, factories and nurturing of a wider ecosystem.”

15 ODDO BHF LIVE

While the Far East has dominated the consumer goods market, the EU could still leverage its position to specialise in key areas such as the environment, automotive, and agriculture. There is also potential to collaborate with overseas partners such as the USA to create profitable, innovative partnerships that combine the benefits of both markets.

Discussion with

STÉPHANE HOURI Equity Analyst, Head of Sector Equity Research at ODDO BHF

CET 11:45 - 12:15

The lead with SIGMAR GABRIEL

European political perspectives

The European recovery program will not be the last.

Maybe the next package will be a green one

SIGMAR GABRIEL Executive chairman of the Edgelands Institute, former DG of the ICRC (international committee of the Red Cross)

Discussion with PHILIPPE ODDO General Partner and CEO of ODDO BHF

WERNER TAIBER Chairman of the Supervisory Board of ODDO BHF AG

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Among the many developments accelerated by the global pandemic, political polarisation and individualisation could be one of the most long-lasting developments. We sat down with Sigmar Gabriel, Former Vice Chancellor, Former Minister for Foreign Affairs and now German Chairman of the Atlantik-Brücke e.V. to discuss where Europe goes from here.

Currently, the world sits at a moment of uncertainty where the US has signalled its intention to scale back its involvement in international conflicts, while the EU is yet to decide the role it intends to play.

This can be seen in the reaction to COVID-19. In the 2008 financial crisis, the G20 met and set concrete measures to mitigate its impact.

For COVID-19, such action has not been forthcoming.

The latest test for EU sovereignty and collaboration is Russia’s aggression towards Ukraine. Despite Ukraine being a European country, the EU has taken a backseat to negotiations, letting the US lead the way.

One reason for this delay is the lack of unity on foreign policy in the EU, which will need to be a priority in future.

Another priority is energy, on which the economic relationship between the EU and Russia rests heavily, with longstanding cooperation. Energy has become increasingly politicised, due to not only geopolitics but climate change and environmental legislation. As the EU targets a zero coal 2030 there will need to be coordinated investment not only in production but also the infrastructure and grids underpinning the power supply.

This future will be another test of the EUs fiscal union as it works to mitigate the impact of climate change, especially in light of the pandemic. Gabriel predicts a ‘K-shaped’ recovery, where prosperous countries come out of the pandemic stronger, and weaker ones fall further.

An EU plan must consider future cooperation, consensus and prosperity to protect a liberal future, within and outside the Union.

CET 12:15 - 12:45

The lead with PATRICK POUYANNÉ The fuels of the future At the end of the day, electricity is a commodity. What we need to be able to do, as in oil and gas, is to deliver low cost. I think by 2050, TotalEnergies will be an electricity company, not a hydro chemical company.

PATRICK POUYANNÉ Chairman & CEO of TotalEnergies

Discussion with

AHMED BEN SALEM Oil & Gas Equity Analyst at ODDO BHF

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The energy market has seen significant volatility over the last two years, as a series of shocks and aftershocks rattled the traditional supply and demand dynamic. However, 2022 has shown positive signs for producers and suppliers, as well as indicating where the market may go in future.

The rebound in energy prices in 2021 and 2022 bucks traditional market logic, including spiking in summer as opposed to the usual winter peak. The reasons can be traced to prudent supply, with OPEC managing their output carefully, as well as US suppliers pruning their shale oil production. This was then met with a sudden surge in demand, particularly from China, where the majority of US energy production went in 2021. This, in turn, drove up energy prices in Europe.

‘Global markets are more and more interconnected,’ explains Patrick Pouyanné, Chairman & CEO of TotalEnergies.

Counterintuitively, the driver for these increases is the move to renewables. Many countries, China included, are divesting from coal in order to reduce their emissions. One of the most reliable alternatives is gas, which is an invaluable resource when renewable sources fall short, as was the case with hydropower in Brazil and China last year.

Gas is taking on the role of transition fuel in the renewable energy transformation, both for the end markets and for producers. While many want to move away from coal, the ethics of nuclear power as well as the construction of on- and off-shore wind farms remain complicated. TotalEnergies, for example, is stabilising their oil output while investing further in efficient sources of natural and, one day, biogas. In considering who will be the leaders in energy in the future, it’s likely that incumbents will have the advantage, even as we move to new sources. ‘We will transform ourselves into a multi-energy company,’ Pouyanné says.

With demand growth on the rise, electricity is set to become the fastest growing energy of the coming decade. ‘At the end of the day,’ Pouyanné adds, ‘electricity is a commodity. What we need to be able to do, as in oil and gas, is to deliver low cost. I think by 2050, TotalEnergies will be an electricity company, not a hydro chemical company.’

CET 12:45 - 13:30

Investment Brief BRUNO CAVALIER & LAURENT DENIZE

BRUNO CAVALIER Chief Economist at ODDO BHF

COVID-19 related uncertainty will go down as more people become insulated, either by vaccines or immunity

Outlook and convictions for 2022 2021 was a banner year for equities, with stocks rising on a V-shaped recovery. While 2022 presents a range of opportunities for investors, there are also new challenges to face, including inflation, divergent monetary policy and new regulation.

‘During 2020, global GDP contracted by 3.5%, then last year we had a technical rebound of 6%. The consensus view for 2022 is 4.5%, though perhaps modestly revised down for the Omicron variant,’ says Bruno Cavalier, Chief Economist at ODDO BHF. ‘However, COVID-19 related uncertainty will go down as more people become insulated, either by vaccines or immunity.’

The major concern this year will be inflation, which sat at 5% at the end of 2021, compared to an average of 3% over the last 2 decades. While there are temporary factors driving rates up, including strong demand, supply chain issues and asymmetrical recovery in supply and demand, issues such as the green transition and wage growth will exert long term pressure.

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The US and EU have been affected differently by inflation and are likely to respond accordingly. The Federal Reserve plans to cease asset purchases in March, which will be followed by rate and portfolio adjustments, while the ECB is predicted to continue, yet at a slower pace, asset purchases through the end of the year.

When looking for opportunities outside the increasingly volatile US, the Euro, and European companies, remain undervalued. ‘For the first time since the 2008 crisis, we’re seeing a huge discount between US and EU indexes. Every sector is discounted compared to US peers, apart from IT, Healthcare and Consumer Staples,’ says Laurent Denize, Global CIO at ODDO BHF. Rising yields should favor value stocks and cyclical sectors and weigh on tech stocks. Thus, key European opportunities include automotive, construction and

For the first time since the 2008 crisis, we’re seeing a huge discount between US and EU indexes. Every sector is discounted compared to US peers, apart from IT, Healthcare and Consumer Staples banking. While China will see a dip in growth, likely under 5%, areas of public investment remain valuable, including EVs, renewables storage and infrastructure.

Looking to the future, the key target will be renewables.

Just to maintain goals of COP2021 will require €2.5trn euros of investment, positioning sustainable mobility and renewable energy for substantial growth.

LAURENT DENIZE Chief Investment Officer & Global Head of Fixed income at ODDO BHF Asset Management

19 ODDO BHF LIVE

CET 13:30 - 14:00

The lead with JEAN-CHARLES DECAUX Advertising and the urban environment

In 2019, we saw our best year ever with revenues of close to €4bn. In 2020, this dropped to €2.3bn

JEAN-CHARLES DECAUX Co-CEO of JCDecaux SA

Discussion with

JÉRÔME BODIN Equity Analyst Media at ODDO BHF

One of the less discussed consequences of global urbanisation in the last century has been the integration of commerce into our built environment. The more concentrated our cities become, the more value can be extracted from human attention. While this trend was significantly disrupted by the global pandemic, it has shown robust recovery.

Advertising in the physical world, as in the digital, depends on connecting potential customers with relevant products. The majority of this happens in transit, as with street advertising, billboards and transport-based activity. COVID-19 lockdown measures that kept everyone at home heavily impacted the industry. ‘In 2019, we saw our best year ever with revenues of close to €4bn,’ says Jean-Charles Decaux, Co-CEO of JCDecaux SA. “In 2020, this dropped to €2.3bn.’

The market has rebounded rapidly however, linked closely with the lifting of restrictions. Before the pandemic, ‘out of home’ advertising was the fastest growing advertising segment behind mobile, and JC Decaux is confident it will quickly reclaim that spot. Mobility in cities is already back to pre-COVID levels. ‘The Shanghai metro network carried 12m people per day before COVID-19. Now, it’s carrying 13m,’ says Jean-Charles Decaux. ‘The need to move around the city is still there.’

Domestic travel has also recovered strongly, with volumes ranging from 80% - 110% of pre-COVID levels, though international travel is still limited by border restrictions and disruption. However, one particularity is that in some areas, such as the Middle East, per passenger spend on duty-free shopping has risen, keeping advertising revenues healthy.

New working practises are likely to reduce commuter density, with more workers spending 3 days in the office on average per week as opposed to the previous 3.5, but suppliers have already anticipated this with further investment in digital and programmatic advertising.

20 ODDO BHF LIVE

CET 14:30 - 15:00

Focus on CLIMATE CHANGE +2°C, WHAT DOES IT TAKE?

Collaborating on a sustainable future As global governments implement stringent new targets with the aim of reducing net carbon emissions by 2050, every industry will have to take steps to reduce their output, while also balancing their shareholder and competitive obligations. Investors have an opportunity to drive this opportunity forward, balancing obligations to maximise value.

‘Financial institutions play a key role in supporting the transition that our clients and society are making when it comes to the environment and technology. We believe in the importance of managing both risks and opportunities,’ explains Anne-Christine Champion, Co-Head of Natixis CIB. This can include the industries they invest in, their client choice within those industries, investing in new technology, and also actively managing clients when it comes to ESG. Further down the chain, businesses themselves can offer industrial solutions to help decarbonisation. ‘Following COVID-19, the industrial world became even more aware of environmental issues and the need for lowering emissions,’ says Fabienne Lecorvaisier, Executive Vice President at Air Liquide. In addition to reducing their own output by a third by 2025, they offer energy efficient solutions to clients such as carbon-capture-as-a-service, oxygen-boosted combustion that reduces CO2 output and enables easier carbon capture, and hydrogen injection in blast furnaces to reduce oil consumption.

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Sustainable investing also aligns investor interests with long-term goals. ‘We believe that the companies that are more efficient from an environmental point of view will create more value for our shareholders,’ says Mathias Burghardt, Head of Ardian Infrastructure Paris.

Meeting targets will also take a favourable regulatory environment, including stable standards, clear carbon pricing (both domestic and cross-border), stress tests and a granular approach to implementation that takes into account not just environmental but social concerns.

ANNE-CHRISTINE CHAMPION Co-Head of Natixis Corporate & Investment Banking

FABIENNE LECORVAISIER Executive Vice President at Air Liquide

MATHIAS BURGHARDT Member of the Executive Committee and Head of Ardian Insfrastructure Paris

MARTINA MACPHERSON Head of ESG Strategy at ODDO BHF

CET 15:30 - 16:00

The lead with THOMAS BUBERL Insuring the future

When new risks occur, we can always ask ourselves what we could have done to prevent them. This crisis has shown we need to step up efforts on prevention, but emerging risks also require new protection mechanisms, which is where public-private partnerships come into play

THOMAS BUBERL CEO of AXA

Discussion with

BENOÎT VALLEAUX Insurance Equity Analyst at ODDO BHF

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In a world facing emerging risks and challenges, the insurance industry has to find new ways to quantify and cover new perils and adapt business models. The global pandemic has accelerated existing trends in the insurance space, as well as highlighting new issues, bringing the question of adaptation to the fore.

Over the last years, the insurance industry has faced a profound transformation of the risk landscape, which is likely to continue in the coming years. Risks are increasingly global, complex, and interconnected. The recent pandemic is only one example of how new systemic perils can impact societies. This is also true for the growing cyber risk or the multiple consequences of climate change.

‘When new risks occur, we can always ask ourselves what we could have done to prevent them. This crisis has shown we need to step up efforts on prevention, but emerging risks also require new protection mechanisms, which is where public-private partnerships come into play,’ says Thomas Buberl, CEO of AXA. With regard to climate change, insurers have a particular role to play in accompanying the transition of economies and industries. This is the purpose of AXA’s €26 billion green investments and its new oil and gas policy, which aims to exclude the most polluting and less sustainable industries.

‘Everything we’re doing right now is to make the world of tomorrow more sustainable and,’ explains Buberl.

CET 11:30 - 12:00

Focus on ARTIFICIAL INTELLIGENCE Is it a game changer?

Artificial intelligence (AI) is a buzzword across our daily lives.

Researchers and businesses alike now explore the potential of smart algorithms, powered by machine learning, to change the way we live, work and play. As we move into the next era, we must consider not only the huge opportunity presented by artificial intelligence, but also its risks and limits, and how it could change the human experience.

What is clear, however, is that artificial intelligence will continue to grow in power and scope, automating new tasks from content creation to home management. This frees a huge amount of human time, as well as opening the door for new services and growth. As Dr Luc Julia explains, ‘We need to work to put the human back in the middle of the AI - there’s no AI without humans.’

AURÉLIE JEAN Computational scientist, CEO and founder of In Silico Veritas, and CAIO and co-founder of DPEEX

JEREMY HARROCH Founder & CEO of Quantemetry To an extent, we are already living through this game change.

A key example is healthcare. ‘There is a full ecosystem of US drug development companies that are completely ruled by AI,’ explains Brice Prunas, Global Equity Portfolio Manager at ODDO BHF. Indeed, it’s thanks to these systems that the Moderna Covid-19 vaccine was produced in two months, rather than the usual 20.

There is also wide scope in medicine to use AI to not only be more precise, reducing unnecessary drug use and tailoring care, but to predict ailments in advance. In one example, new AI-powered techniques now enable doctors to detect a cancer signature up to two years before a tumour would be visible on scans. All of this data has huge potential, but also raises new questions.

While computers have moved from simple calculation to perception and decision making, much of their activity is still a ‘black box’, with unclear internal logic. Data also sets a limit on potential. ‘A self-driving car can only work with the data provided and apply rules. When they meet an entirely new situation, they won’t be able to react,’ says Dr. Luc Julia, Chief Scientific Officer for Renault Group.

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DR. LUC JULIA Co-creator of Siri, directed Siri at Apple and currently the Chief Scientific Officer for Renault Group

ANTOINE BLONDEAU Co-Founder and Managing Partner of Alpha Intelligence Capital (AIC)

BRICE PRUNAS Thematic Equity Portfolio Manager, Artificial Intelligence at ODDO BHF

CET 16:30 - 17:00

The lead with CLÉMENT BEAUNE

What to expect from France leading the European Council

France is taking on the presidency of the Council of the European Union for the next six months, with the opportunity to set the direction of the body and prioritise key issues, at a time where the role of the EU both domestically and abroad is in flux.

We are still quite shy when it comes to proposing common projects and solutions with Washington, and this applies to working with China and Russia too. We need to define our own EU approach

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‘The key priorities for this semester are consistent with the European agenda that we have been designing since 2017,’ says Clément Beaune, Minister of State for European Affairs. Initial projects will focus on environmental, social and technological issues. These include securing political agreement on carbon border adjustment mechanisms to balance the greening of industrial processes within the Union and outside, social protection measures to calibrate wages and conditions across the single market and a unified approach to regulating major digital players.

While other core issues such as EU defence policy and migration are not top of the agenda for France’s tenure, they will still feature at a conference in the first quarter of the year, as the EU attempts to set a direction on growth and investment in key areas such as climate, chip manufacture and space endeavours.

CLÉMENT BEAUNE

When it comes to international policy, Beaune believes there is more potential for the EU to carve out a distinct position for itself, both working with allies such as the US as well as more complicated international partners like China and Russia. ‘We are still quite shy when it comes to proposing common projects and solutions with Washington, and this applies to working with China and Russia too. We need to define our own EU approach,’ he says.

Minister of State for European Affairs, attached to the Minister for Europe and Foreign Affairs

During the French time at the head of the Council, they will also publish a key document – the Strategy Compass – defining their analysis of strengths, key partnerships, how they work in the Pacific region and policies abroad, pushing the EU to define its global role more proactively in the long-term.

CET 17:00 - 17:15

Talk with CHANGPENG ZHAO

There’s a mindset issue I think. New things take time to settle in, we’re still in the adoption phase

CHANGPENG ZHAO Founder and CEO of Binance

Cryptocurrency saw a record year in 2021, reaching a market cap of over $3trn and being embraced by more institutions. This is reflected in the changing nature of cryptocurrencies and the major plays in this arena, as well as their scaling ambition.

Binance is already the world’s largest exchange for crypto assets but, as CEO Changpeng Zhao explains, their platform has evolved along with the market they service. Binance now comprises not only an exchange business, but wallet services, an NFT platform, its own crypto coin (BNB) and contributes to one of the world’s most active blockchains – an ecosystem in the crypto space.

Discussion with

ALEXIS LE PORTZ Chief Innovation Officer at ODDO BHF

Cryptocurrency itself has also created its own alternative ecosystem.

While there are now 200m crypto asset users worldwide, traditional financial services such as payments have failed, so far, to take off via crypto. However, new use cases such as blockchain fundraising, NFTs and decentralised finance have demonstrated the potential of these systems in areas where fiat currency falls short.

While crypto has grown significantly, Zhao believes it’s just a matter of time before mainstream adoption. ‘There’s a mindset issue I think.

New things take time to settle in, we’re still in the adoption phase,’ he explains. As we move out of this phase a key issue is regulation. Zhao sees this as a necessity but also an opportunity.

‘I don’t think we can live in a world without rules - regulation is important for the growth of any industry, including crypto and traditional finance. We’re going to see more integration with crypto or blockchain and traditional industries, and [Binance] will act as a bridge,’ he says.

The decentralised nature of cryptocurrency has also opened up the conversation around other decentralised services, such as decentralised finance (DeFi), Web 3 and the Metaverse. Looking to the future, Zhao urges open thinking. ‘Don’t think that cryptocurrency has to be just one thing - it’s a new technology with endless possibilities.’

CHANGPENG ZHAO 25 ODDO BHF LIVE

Day 2 TUESDAY, JANUARY 11 TH

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CET 9:00 - 9:30

The lead with STÉPHANE BANCEL

Moderna: Beyond the vaccine Moderna has been one of the global leaders in vaccine development to combat the COVID-19 pandemic. While the Omicron variant has proven to be less severe than previous strains, its fast-spreading nature means it remains a major issue for governments and pharmaceutical manufacturers.

In the short term, Moderna is taking a three-pronged strategy, varying dosage volumes as needed, deploying Beta- and Delta-specialised vaccines to enhance immunity and working on an Omicron-specific booster which should be ready for production in Spring 2022.

The technology is so expansive in terms of what it can do, it’s hard to pick a single use, but we have very exciting drugs in oncology, autoimmune disease and heart disease

STÉPHANE BANCEL CEO of Moderna

Discussion with MARTIAL DESCOUTURES Senior Equity Analyst Pharma & Biotech at ODDO BHF

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Beyond COVID-19, Moderna is also looking into ways to use their mRNA vaccine technology to solve other health issues.

‘The technology is so expansive in terms of what it can do, it’s hard to pick a single use, but we have very exciting drugs in oncology, autoimmune disease and heart disease,’ says Moderna CEO, Stéphane Bancel.

Their long-term investment in mRNA also gives them a competitive advantage in the field. ‘The whole industry is now paying attention, but the interesting thing is that when you look at disruptive technologies, it’s rare for an incumbent player like us to dominate that technology.’ Moderna has now managed to build up not only the expertise, but the capital required to unlock the potential of this approach.

Looking to the future, Moderna will expand the utility of their technology via their Moderna Genomics platform, leveraging new tools such as gene editing and CRISPR to treat rare genetic diseases, coding messages within their drugs to target effects. Their goal is to create drugs that can have wider and more targeted actions within the body, aided by technology.

‘The healthcare industry has been an analogue business for years. Because we have a platform that is so iterative, we don’t take the traditional strategy of trying to find the best product, as this might take you 10 years and you only get one shot. We’d rather have a flu shot that is as good as the best current shot and work from there, rather than make people wait four years with nothing,’ says Bancel.

CET 9:30 - 10:30

Focus on China

INVESTMENT CASE FOR 2022 China’s Business Landscape 2022 China holds a unique position in the global economy, accounting for 15% of global GDP but also subject to tight central control. The government’s efforts to balance growth with ideology have already made for an eventful 2021, including a broad regulatory crackdown on tech giants, ongoing tensions with the US and a potential real estate bubble.

These have caused significant volatility in equities markets and large sectors of the Chinese economy, with new measures targeting the booming gaming and tutoring sectors as well as halting China’s biggest ever prospective IPO, Ant Group. ‘It was more or less a complete makeover of certain parts of the Chinese economy,’ says Martin Fechtner, Multi-Asset Portfolio Manager, Emerging Markets at ODDO BHF. ‘For the government it was important to send a signal to certain businesses that they had grown too strong.’

One of the key motivations is ideological, following the ‘Common prosperity’ doctrine while also maintaining stability and power for the party. ‘Inequality is one of the most important issues facing the country,’ says Valérie Niquet, Asia Program Head at the Foundation for Strategic Research. ‘China is one of the most unequal societies in the world, with 600m having a revenue under €100 per month.’

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Dominique Moïsi, Special Advisor for Geopolitics to Institut Montaigne describes the current US-China relationship as a new type of Cold War. ‘Unlike the Cold War, there is a huge interdependency between China and the US, but the rules are the same: “War is improbable and peace is impossible,” for the moment.’ he says.

Private business remains an essential part of China’s economic plans, with 90% of people employed in cities in private enterprises. The country also remains open to foreign businesses, with rules relaxing in the auto and insurance sectors, however the zero-COVID policies continue to hamper travel.

While the housing sector is a worry for many investors, contributing 30% of GDP, high levels of household savings and low loan to valuation ratios on mortgages could mitigate potential fallout. The largest challenge may turn out to be China’s ambitious climate targets, looking to reduce fossil fuel usage from 90% of power production today to 20% in 2060. ‘The task before them is huge,’ says Dr. Axel Schweitzer, CEO of ALBA Group. ‘China is still growing, so they’re going to fully transform their energy mix while still running forward at full speed.’

China: Where To Invest In 2022

‘China markets can change rapidly so it’s not enough to just pick stocks. Investors must understand how government policy and economic factors will affect equities in the short, medium and long term,’ says Ken Wong, Director, Client Portfolio Manager China Equities at Eastspring. Investing in China is intimately bound up with the ideological and political direction of the country, so investors have to focus on companies and sectors that can benefit.

As in the US, economic policy is being heavily influenced by self-reliance in industries such as electric vehicles, technology and semiconductors, as well as divestment from fossil fuels. China is also attempting to boost domestic consumption, which is currently only 56% of GDP, in order to drive growth in the consumer sector, which could also greatly benefit European luxury businesses.

Key sectors in the government’s 2021 Five-Year Plan for social and economic development comprise both the energy transition sector including renewable energy such as wind, solar and hydrogen power, as well as financial services such as wealth management, financial management and the insurance sector. However, volatility still remains – last year saw technology companies hit with strict new regulation – so a diversified approach is essential to spread risk. The key is to identify strong teams who can adapt to new regulations.

Sectors to be wary of include foreign-listed stocks as well as communications, utilities and energy, but despite uncertainty, investors continue to favour China for other sectors. The first six months of 2021 saw more capital inflows into the A-share market through the Shanghai-Hong Kong Stock Connect than all of 2020 due to attractive valuations, with businesses valued at 13x forward earnings, compared to 22x in the US. While the EU recently published a report warning that the Chinese economy was turning inwards, there are positive signs. ‘The government is actually pursuing a dual circulation policy, driving domestic consumption at home, and seeking investment from abroad,’ says Yan Lan, Vice Chairman of Investment Banking at Lazard. ‘Although there are challenges, the new growth sectors in the digital economy, infrastructure and energy offer many possibilities.’

DOMINIQUE MOÏSI Special Advisor for Geopolitics to Institut Montaigne

KEN WONG Director, Client Portfolio Manager China Equities, Eastspring

YAN LAN Vice Chairman of Investment Banking at Lazard, Chairman and CEO of Greater China

VALÉRIE NIQUET Head, Asia Program, Foundation for Strategic Research

DR. AXEL SCHWEITZER CEO of ALBA Group

MARTIN FECHTNER, CFA Multi-Asset Portfolio Manager, Emerging Markets at ODDO BHF

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CET 11:30 - 12:00

Focus on FUTURE OF FOOD What will feeding the world look like in 2050?

As we face the prospect of feeding 10 billion people worldwide by 2050, the questions of where our food comes from, where it’s produced and what’s inside it are becoming ever more pressing. Advances in this sector are being driven by changing consumer tastes as well as regulation aimed at safeguarding the long-term stability of the global food supply chain.

‘This is not a short-term hype, these will impact our society in depth with the rise of healthier food, new production methods, sustainability and technology,’ says Clément Maclou, Senior Thematic Equity Portfolio Manager at ODDO BHF. The agri-food industry is responsible for over 30% of global greenhouse emissions and it seems consumers are now willing to pay a premium or change their diets to improve their sustainability. This also applies to related issues such as food packaging, food waste and sustainable sourcing.

One option is synthetic or alternative meat, though massive production remains elusive. ‘We are still a way away from synthetic meat being available to consumers,’ says Matthieu Vincent, Partner at DigitalFoodLab. ‘It will likely come down to a mix of safety and taste.’

In the short term, a priority is reducing waste of existing food. Currently, over 30% of all food produced for human consumption is lost or wasted, accounting for 8-10% of greenhouse gas emissions. ‘In the Western world, food waste happens primarily at the end of the supply chain, at the consumer level, so it’s truly being wasted,’ says Anastasia Hofmann, Co-founder and coCEO of KITRO. New technology and AI are now being used to analyse data on food production, use and transport, helping consumers and businesses make better decisions, with investors also targeting emerging industries and divesting from more harmful production methods.

MATTHIEU VINCENT Partner at DigitalFoodLab

GUILLAUME FOURDINIER Co-founder and CEO of Agricool

CLÉMENT BONHOMME Co-founder & Co-CEO at Foodles

‘Over 95% of French consumers want more local food, but it only makes up 2% of what we find in supermarkets,’ says Guillaume Fourdinier, Co-founder and CEO of urban farming business Agricool. Not only can local sourcing reduce the environmental footprint of food, it can also reduce wastage in transit. However, the unit economics of urban farming require an intensive mix of technology and capital to achieve cost parity with global production.

ANASTASIA HOFMANN

In pursuit of improved health and sustainability, many consumers are reducing meat consumption, though progress here is unlikely to be linear. While more consumers adopted vegan diets in 2020, 2021 saw normalisation and even reduction in meat-alternative products.

Thematic Equity Portfolio Manager, Food at ODDO BHF

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Co-founder and Co-CEO of KITRO

CLÉMENT MACLOU

CET 11:30 - 12:00

The lead with BEN SMITH When will air travel soar again?

What we’re seeing in the long haul is a lot of weaker carriers whose models were not working before the crisis who are now under severe pressure

BEN SMITH CEO of Air France-KLM

Discussion with

YAN DEROCLES Aerospace & Airlines Equity Analyst at ODDO BHF 31 ODDO BHF LIVE

The travel industry has been one of the hardest hit by the global pandemic as national restrictions close borders, limit arrivals and add additional protocols for airlines and airports when managing passengers. With the arrival of Omicron once again casting a shadow over the travel industry, we consider the long road to recovery.

The air travel sector has had to show remarkable resilience and agility in coping with recent events, including managing staffing levels, adapting processes, trimming its cost base and finding new revenues. ‘It’s clear that when it’s simple to travel, demand is still strong,’ says Ben Smith, CEO of Air France-KLM. In his own airline, Q4 2021 volumes were at 75% of 2019 levels, but Omicron has heavily impacted their short and medium haul volumes in 2022.

One option for airlines is to diversify their revenue streams via route selection, travel types and fare mix. Air France-KLM, for example, has added their own low-cost carrier within the group with potential to grow, as well as using their own long haul transport hub to facilitate connections.

While European carriers still compete heavily on price, it is those who can more effectively manage their business models, cost base and margins that have the most freedom to vary their prices in this competitive market. ‘What we’re seeing in the long haul is a lot of weaker carriers whose models were not working before the crisis who are now under severe pressure,’ explains Smith. This also requires a careful management of capacity – some carriers have sought to maximise revenues by maxing out capacity, ending up with empty seats when conditions change.

While air cargo has proved a vital source of income for lines with low passenger numbers, many are now looking to return their planes to normal operations. The challenge will now be to entice customer numbers back at a time when inflation risks pushing prices up, with high fuel prices, personnel and airport costs creating more pressure on airlines to stay resilient and innovative.

CET 12:00 - 12:30

The lead with MIKI YOKOYAMA The Advent of Impact Investing In the last 2 years, we have seen an enormous shift in the venture capital industry.

The topic of sustainability was really unheard of until 2-3 years ago, but with the effects of climate change becoming more obvious, as well as social disparities threatening traditional business models, it’s gathering pace

MIKI YOKOYAMA Venture Partner at Pirate Impact

Discussion with LÉA MIOMANDRE ESG Analyst at ODDO BHF 32 ODDO BHF LIVE

As the effects of climate and social issues become more apparent, businesses are increasingly aware of the way they grow, recruit and plan. This includes investors and venture capitalists, where ESG considerations regularly figure in due diligence and portfolio reviews. Impact investing takes this a step further, putting environmental and social impact at the core of the business proposition.

According to the Global Impact Investing Network, impact investments are made with the explicit intention to generate positive and measurable social and environmental impact while still guaranteeing financial return.

One of the key challenges for impact investors is tracking ROI where impact is not clearly or directly measurable: ‘Say you want to improve public health through improving air quality, how do you measure the impact on public wellbeing from your efforts?’ explains Miki Yokoyama, Venture Partner at Pirate Impact. This can also be a deterrent for some. ‘Oftentimes, investors are overwhelmed by the breadth and the number of frameworks out there, as well as the difficulty in measurability that we face,’ says Yokoyama.

Despite these challenges, impact capitalism continues to grow. ‘In the last 2 years, we have seen an enormous shift in the venture capital industry. The topic of sustainability was really unheard of until 2-3 years ago, but with the effects of climate change becoming more obvious, as well as social disparities threatening traditional business models, it’s gathering pace.’

The European Union is well placed to capitalise on this trend, with a range of deep tech clusters and a strong B2B start-up scene, especially for climate tech. Likewise, the UK has a rich history of social investing alongside public sector projects.

But there is still a way to go. ‘We need much more capital, especially towards growth stage funding and closer to IPOs to find the innovations we need in terms of the social or environmental challenges we face,’ says Yokoyama.

CET 13:15 - 13:30

The lead with YVES DACCORD

Ethics in a digital world In a world where governments, corporations and our devices themselves track and store a huge amount of data about us, questions of privacy and ethics are becoming ever more pressing. The pandemic has highlighted the way authorities can use data to monitor and indeed control citizens activities.

In this new data-led age, we will have to navigate a careful line between freedom and regulation to manage what can be tracked and what that means for our lives.

The advance of digitalisation has been rapid and subtle, often without fanfare. ‘The digitalisation of security allows a citizen or a nation to be at war, below the level of accountability. France, for example, has cyber operations in over a dozen countries,’ says Yves Daccord, Executive Chairman of the Edgelands Institute.

The digitalisation of security allows a citizen or a nation to be at war, below the level of accountability. France, for example, has cyber operations in over a dozen countries

This is also visible in the urban environment, where planners are using data to transform the environment. One example is Medellin, Colombia, once one of the most dangerous cities in the world, and now a bustling tech hub. However, much of this has been built on the back of a highly monitored, tracked population, felt to disproportionately affect the young.

In Europe, similar resistance has been seen to vaccine passes, with many protesting their use and the invasiveness of the monitoring behind them. This has been taken to higher levels in China, with their zero-Covid policy based on detailed tracking and regulation.

YVES DACCORD Executive chairman of the Edgelands Institute, former DG of the ICRC (international committee of the Red Cross)

Corporations wield enormous power in this arena, often very publicly. Storing vast amounts of data is now normalised – in the words of Daccord: ‘Privacy is dead.’ The question for regulators in a post-privacy world is how to manage the risks and opportunities involved. The European Commission has already taken measures to codify the relationship between citizens and those who store information on them, as well as holding US corporations to account.

As the power of technology grows, these issues will become more and more pressing. ‘Data questions will be at the core of our political discussions and tensions over next five years,’ predicts Daccord.

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CET 13:30 - 14:00

The lead with PR. PATRICK AEBISCHER What can science tell us about what comes next?

In a fast-changing world, predicting what developments lie ahead matters more than ever, for businesses, governments and the global community at large. As the rate of scientific discoveries continues to accelerate, one new initiative is helping policy makers understand and use them to their full potential.

I think this conversation is more important now than ever as we’re touching key issues of who we are, how we live together and how we’ll take care of our little planet

PR. PATRICK AEBISCHER President Emeritus of EPFL

Discussion with THIERRY LOMBARD Member of the Supervisory Board ODDO BHF and Vice Chairman of the Board of Directors ODDO BHF (Switzerland) Ltd 34 ODDO BHF LIVE

The Geneva Science and Diplomacy Anticipator (GESDA) is a foundation created by the Swiss government to bring together scientists, business leaders, diplomats and policy makers to discuss the latest scientific discoveries and frame their usage for the future, as well as anticipating the next phase of development. Their location in Geneva allows them to take advantage of the presence of international political organisations, NGOs and research bodies, as well as the same infrastructure that has produced many major discoveries.

‘Policy makers are so absorbed by today’s problems that it’s hard for them to think of something that’s even more disruptive coming next,’ explains Prof. Patrick Aebischer, President Emeritus of Ecole Polytechnique Fédérale de Lausanne (EPFL) and a member of GESDA. The key questions facing the board currently are the development of the human species in the age of molecular biology and gene editing, how we can better live together and how we can maximise the longterm health and diversity of the world around us.

Early initiatives include the Breakthrough Radar – a survey of thousands of scientists worldwide to gauge progress and anticipate new discoveries – and the European XPRIZE, an innovation competition which will focus in its first incarnation on quantum computing applications.

Key focus areas for the future include quantum and advanced intelligence, human augmentation and also science and diplomacy – bringing in humanities perspectives to examine multilateralism and conflict resolution.

As Aebischer explains, ‘I think this conversation is more important now than ever as we’re touching key issues of who we are, how we live together and how we’ll take care of our little planet.’

CET 14:00 - 14:30

Focus on Europe IS A NEW DEAL IN THE CARDS IN 2022?

European political Outlook 2022

The European Union has proven itself adept at evolving, adapting to new circumstances from the financial crisis to Brexit. In 2022, there are new challenges to face, including the fallout of the global pandemic, an unstable geo-political situation and rising inflation, all with a new government in Germany after Angela Merkel’s 16-year tenure and elections in France to come.

For years, the French-German alliance has been the backbone of the Union. Germany now welcomes a threepart coalition government for the first time, bringing potential for friction on issues such as foreign policy, climate change and social issues. Many eyes will be on economic policy, as liberal parties balance their traditional fiscal prudence with ongoing pandemic support. Additional stability could come from an ascendant Italy, where Mario Draghi has implemented structural reforms, endorsed by France in a new treaty to enforce bilateral ties between the two countries.

crease this could create a spiral with wages and prices going up in tandem.’

It’s also on fiscal policy where EU cohesion will once again be tested this year. After a year where controls have been slackened to allow member states to spend their way through the pandemic as they saw fit, now could be the chance to rethink existing rules.

‘There are good reasons for budget rules. They’re important for the single union, otherwise domestic policies could threaten the health and existence of the Euro,’ says Prof. Marina Henke, Director at the Centre for International Security. ‘However, the rules we’ve had around budgets haven’t always been good or enforceable. ‘If we want to have a new set of rules, this is the year to discuss them. The challenges in front of us are huge, and we’re going to need the right fiscal policy to face them.’

PAUL MAURICE Research Fellow at the Study Committee on Franco-German Relations (Cerfa) at the French Institute of International Relations

MARIA DEMERTZIS Deputy Director, Bruegel

PR. MARINA HENKE Professor of International Relations; Director at Centre for International Security Draghi’s integrationist legacy as a former President of the European Central Bank will also be relevant to how the EU approaches inflation. ‘What’s needed now is a common fiscal policy and integrated capital markets,’ says Bruno Cavalier, Chief Economist at ODDO BHF. So far, banks have shown caution in addressing the issue. ‘The key variable is whether we start to see second-round effects,’ says Maria Demertzis, Deputy Director at Institut Bruegel. ‘If we see wages in35 ODDO BHF LIVE

BRUNO CAVALIER Chief Economist at ODDO BHF

CET 14:30 - 14:45

Talk with AMIR BANIFATEMI Crowdsourcing the solutions of the future The problems the world faces, such as climate change, social issues and health crises, are increasingly serious, complex and interconnected. XPRIZE is a non-profit organisation that is attempting to solve this via a third way of innovation, where ideas are born not in labs or from corporate investment, but through crowds working together to find solutions to global problems.

XPRIZE designs and hosts public competitions intended to encourage technological development to benefit humanity, using specific incentives to drive success. ‘Prizes range between $5-100m, are multi-year and incentivise a specific outcome,’ says Amir Banifatemi, Chief Innovation & Growth Officer at XPRIZE. ‘This allows people to have a short outcome and tangible deliverables, engaging a range of competitors to participate.’

monstrate what they achieve as they go, hitting key milestones over the period of the prize, with applications evaluated on impact, marketability and the ability to be amplified.

‘We try to incentivise areas where no one is researching or investing. We create an incentive and design around it, making it an obvious choice for researchers and entrepreneurs,’ says Banifatemi.

While we are becoming better at predictions, we still live in a complex world where there are more effects than can be modelled. However, Banifatemi believes a better future must first be imagined - a future we collectively want. ’Sustainable development goals give us a roadmap up to 2030, but we need a blueprint for hope and positivity beyond 2030 too,’ says Banifatemi. ‘The point is not just to predict what could come next, it’s to design pathways to a future that benefits everyone.’

AMIR BANIFATEMI Chief Innovation & Growth Officer at XPRIZE

Prizes come from global partners and organisations, typically non-profit and venture foundations. Teams have to deWe try to incentivise areas where no one is researching or investing. We create an incentive and design around it, making it an obvious choice for researchers and entrepreneurs

Discussion with BENOIT CLAVERANNE Chief Transformation & Development Officer at ODDO BHF

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CET 14:45 - 15:00

Talk with JÉRÔME CARON

Greening the construction industry The construction industry is the second most polluting in the world, behind steel manufacture but ahead of oil and gas production. The massive sector creates over four billion tons of concrete every year, accounting for seven percent of all carbon dioxide produced annually. There is an urgent need for new solutions that can nevertheless help the industry keep up with the growing demand for housing.

One of the most promising avenues is so-called ‘green cement’ - a new formulation that creates one-sixth of the emissions of traditional portland cement. While the industry has a reputation for slow change and cautious attitudes, there are signs of change. ‘This sector used to be conservative, but now the market is moving in the right direction as all current and new players are developing new green solutions,’ says Jérôme Caron, CFO at Hoffmann Green Cement Technologies.

‘There is a clear, growing demand from the market and our customers that want to reduce their carbon footprint,’ says Caron. This change is also being driven by tougher local and international legislation. France has introduced new targets to push developers to reduce their emissions per square meter of construction. The EU has gone further, with the creation of a carbon marketplace, the end of free CO2 quotas and an official benchmark for green cement of under 468kg of CO2 per ton.

Moving forward will require more capital and investment but signs remain positive. ‘There is a strong interest from investors, incumbents and newcomers for green building and innovative solutions,’ reassures Caron.

This sector used to be conservative, but now the market is moving in the right direction as all current and new players are developing new green solutions

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JÉRÔME CARON CFO at Hoffmann Green Cement Technologies & Argilus

Discussion with

SYLVAIN TESSIER Deputy Head of Equities, Head of ECM & Corporate Broking at ODDO BHF

CET 15:00 - 15:30

Focus on US FOREIGN POLICY AND ECONOMY The US at Home and Abroad Joe Biden came to power in America with the promise of doing things differently to his unorthodox predecessor. One year later, it’s becoming clearer what that means. On some issues, his administration has taken strong stances that reverse previous policies, but others still carry traces of the new world that Trump ushered in.

In the first instance, we can recognise the successes, especially when it comes to the economy. His first year has seen the creation of 5.8m new jobs, 3.8% GDP growth and the highest corporate profitability since the Korean War in the 1950s.

Some of this can be attributed to his legislative achievements, though there remains economic uncertainty domestically.

American withdrawal from Afghanistan and the handling of the US-FR submarine deal show possible limits of American leadership.

America’s rivalry with China will be a key driver of business interests as the US seeks to become more independent in sectors such as advanced tech, semiconductors, communications and cyber. ‘Great power competition will shape the world for decades to come,’ says Thomas Mucha, Managing Director and Geopolitical Strategist at Wellington Management. ‘Decoupling in strategic sectors is going to become broader as this policy becomes more embedded in Washington.’

For corporations, success will now require adapting to the changing geopolitical backdrop. As geopolitical doctrines exert stronger influence over economic decisions, even superseding them if necessary, businesses will have to reckon with a new approach to globalisation, alliances and power dynamics.

JEREMY GHEZ Associate Professor of Economics & International Affairs at HEC Paris

ALEXANDRA DE HOOP SCHEFFER Director of Research, Director of the Paris Office, German Marshall Fund of the United States

THOMAS MUCHA Managing Director and Geopolitical Strategist at Wellington Management

‘A lot of the population is still unsure of their future. A K-shaped recovery suggests parts of the economy are doing very well, including the stock market, but some groups are really struggling,’ says Jeremy Ghez, Associate Professor of Economics & International Affairs at HEC Paris. The current situation is particularly hard for lower income families facing rising prices and supply chain disruptions.

In foreign policy, results are overall positive, but mixed on some points. The new administration has shown more willingness to engage on key issues with allies, especially dealing with China and climate change. However, issues such as the 38 ODDO BHF LIVE

HANI KABLAWI Chairman of International at BNY Mellon

WERNER TAIBER Chairman of the Supervisory Board of ODDO BHF AG

forming the way we originate business using new tools, products and data’ says Rodriguez Soler.

Since many of the agreements of COP26 and the Paris Agreement are not binding, there is scope for businesses to define their own parameters for sustainability, which offers significant leeway. ‘We must remember that this is a long journey,’’ says Luis Cabra, Deputy CEO at Repsol. ‘We need to finance the whole journey of energy transition and not just the end state.

Narrowing our definition of what a ‘sustainable’ project is will, in the end, be slower and less cost effective”.

To fully support clients in moving towards a greener future, banks must invest in product innovation that suit the market, as well as providing advice around planning, setting targets and benchmarking against peers.

CET 15:30 - 16:00

This will also have knock on effects for banks themselves. ‘We need to be fully aligned with clients,’ says Gomez Bravo. ‘These measures are going to impact client revenue pools and cost structures, which could change valuation, so we will need to adapt our own risk tools and valuation models to move with the market’

Focus on CLIMATE CHANGE by

How should banks react to climate change ?

‘COP26 has been the first real test of the level of global climate ambition since 2015,’ says Javier Rodriguez Soler, Global Head of Sustainability at BBVA.This year’s COP26 conference reiterated the common aim amongst participating countries to cut CO2 emissions by 40% by 2030, alongside phasing out coal and fossil subsidies. This requires not only the physical transformation of existing infrastructure and energy production but also new business models and strategies from companies that have for years relied on fossil fuel ecosystems.

‘Banks are going to be critical in the sustainable transition,’ says Luisa Gomez Bravo, Global Head of Corporate and Investment Banking at BBVA. ‘Considering the level of investment required to reach the Paris Agreement’s goals, banks will need to channel capital flows to the market, their clients and their balance sheets.’

The role of banks will touch nearly every part of their value chain, reducing their own direct impact and driving change within the financial services industry, and decarbonising their portfolios by helping their clients transition to greener business models, including the financing of projects. ‘Supporting all our clients to decarbonize their activity by actively trans39 ODDO BHF LIVE

LUISA GÓMEZ BRAVO Global Head of Corporate and Investment Banking at BBVA

JAVIER RODRIGUEZ SOLER Global Head of Sustainability at BBVA

LUIS CABRA Executive Managing Director of Energy Transition, Sustainability, and Technology; and Deputy CEO at Repsol

JEAN-BAPTISTE ROUPHAEL ESG Analyst, Head of Sustainability Research at ODDO BHF

CET 16:00 - 16:45

The lead with AL GORE The Private Sector Climate Change Opportunity Action on the climate crisis is not only a moral imperative - it brings tremendous economic opportunities

We have finally reached the long-awaited political tipping point for sustainability, with the issue of climate change now a central concern for governments, regulators and businesses all over the world. 2021 saw incremental progress, with governments and businesses coalescing around the 1.5 degree warming limit, though there remains a huge amount to accomplish, and the private sector has a key role to play.

said Gore. He noted that$22trn of assets are not going to be burned, in part, because of the rise of technologies that are rendering the use of fossil fuels obsolete.

In directing capital, investors need to work to definitions that align with the necessary direction of progress. ‘We care not only about what a company does but how it does it. We define a sustainable company as one whose sustainable practises, products and services drive revenues, profitability and competitive positioning.’ says Gore of the strategy of Generation Investment Management, where he serves as Chair and Founding Partner.

However, there will need to be ongoing collaboration between governments and businesses to ensure that we’re moving to a more equitable future.

‘Right now, capital for this transition is not fairly distributed. Much of it comes from and goes back to the wealthiest nations. If you’re in Nigeria and want to borrow money to build a solar farm, the interest rates you pay will be seven times higher than in Europe,’ says Gore.

‘The public and private sectors need to work together to ensure that we make this transition fairly without entrenching existing disparities between the global North and South.’

Action on the climate crisis is not only a moral imperative it brings tremendous economic opportunities’, says Al Gore, Former US Vice President and co-founder and chairman of Generation Investment Management. ‘The shift towards a cleaner future - the Sustainability Revolution - is happening at the scale of the industrial revolution with the speed of the digital revolution.’

Sectors all over the economy, from transport to agriculture to material science and engineering are creating innovative new solutions to meet the climate challenges in front of us, creating huge opportunities for investors, especially early movers. Sustainable technology is now becoming the norm in many industries. For example, of all the new electricity capacity installed last year, 90% was solar and wind, while all major manufacturers are now moving towards electric vehicles.

Inaction could also be a significant risk. Fossil fuel companies ‘are now in danger of becoming the largest store of stranded assets in all of history. We have a subprime carbon bubble,’ 40 ODDO BHF LIVE

AL GORE Former Vice President of the United States of America, Chairman of The Climate Reality Project, 2007 Nobel Peace Prize

Discussion with

PHILIPPE ODDO Associé et Gérant de ODDO BHF

THIERRY LOMBARD Chairman and CEO of Accor

CET 16:45 - 17:15

The lead with SÉBASTIEN BAZIN

Hope for the Hospitality Sector

‘The hotel industry is not dead at all, in fact I am very optimistic’, says Sébastien Bazin, Chairman and CEO of Accor. While the industry has struggled over the last two years with strict limits on international travel, there are positive signs that demand remains strong and will rebound once restrictions ease. However, the pandemic has also accelerated existing trends, and operators will need to keep up.

Summer 2021 saw a resurgence, albeit temporary, in travel, with leisure consumers embracing longer stays, more remote areas and local community engagement. As international travel remained limited, travellers explored their own countries and cultures.

ESG policy now covers a lot of initiatives, so you have to make sure you’re disciplined about it, putting KPIs and committing to them. And every semester that passes, you have to prove how you’re meeting them, or failing to

SÉBASTIEN BAZIN Chairman and CEO of Accor

Discussion with JOHANNA JOURDAIN Hotels, Leisure & Support services Equity Analyst at ODDO BHF

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This new interest in a more sustainable approach to travelling is reflected across the hospitality ecosystem, from employees and customers to investors and owners. Issues such as carbon emissions, diversity, local procurement and food waste are now a legitimate consideration for travellers in where to stay, driving hotels to raise standards. ‘ESG policy now covers a lot of initiatives, so you have to make sure you’re disciplined about it, putting KPIs and committing to them. And every semester that passes, you have to prove how you’re meeting them, or failing to’, explains Bazin.

A key challenge will also be recruitment, with the hospitality sector having lost up to 25% of its workforce during the pandemic as employees reconsidered their options, especially in developed countries. ‘Solving this starts with understanding why they left. We’ve been adjusting pay levels, contracted hours and progression within the organisation, and they’re starting to come back’, says Bazin.

Finally, capacity in the digital arena is also ever more important as hotels try to increase their control of the customer journey in the face of marketplaces and platforms such as Google, Airbnb and TripAdvisor. In this new landscape, every business is a digital business, and hotels will need to combine the experience and convenience they provide on-site with a digital journey to match.

Speakers BIOGRAPHIES

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Speakers BIOGRAPHIES Monday, January 10th

CHRISTOPHE TADIÉ Managing Partner, Global Head of Corporate & Investment Banking at ODDO BHF

MATTHIAS DESMARAIS Deputy Head of Equities at ODDO BHF

SYLVAIN GOYON, CFA Head Equity Strategy at ODDO BHF

AGATHE SCHITTLY Global Chief Marketing Officer, Member of the General Management Committee at ODDO BHF

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Christophe Tadié has been at ODDO BHF since 2012. Christophe Tadié was previously employed at Bain & Company in the Paris office, in charge of the Financial Services practice. Christophe Tadié is graduated in Economics from Sciences Po Paris, ENSAE and AgroParisTech.

Masters’ degree ESCP Europe and University Paris 2 Assas. Matthias joined ODDO BHF in 2014 and is Deputy Head of Equities responsible for the group’s Equity Research activities, Marketing and international partnerships.

Prior to that, he was a sell-side financial analyst at Exane BNP PARIBAS for 7 years and before at SG Securities and JP Morgan in London. Matthias started his career in 1999 at BNP PARIBAS Corporate Finance in Asia.

Sylvain is an equity strategist at ODDO BHF since 2018. Prior to his position, Sylvain headed Natixis Equity Strategy (2010-2018) and Pharma / Biotech team (2005-09). Prior to Natixis, Sylvain was a director at NicOx a Biotech company and Head of the European Biotech team at Cheuvreux. Sylvain holds an MSc from ESCP Business School (1992), a degree in Finance from Paris Dauphine University. He has successfully completed the CFA programme in 2017 and got the CFA ESG certificate (2021).

Agathe has been Group Chief Marketing Officer at ODDO BHF since 2020, in charge of Marketing, Communication and Client Experience for all the Group.

Agathe graduated from HEC Paris and Wirtschaftsuniversität Vienna in 2004. She joined the Group in 2005 where she spent most of her career. Notably, she lead strategy and marketing of the Asset Management & Private Equity business for more than 10 years.

LAURENT MIGNON Chairman of the Groupe BPCE Management Board and CEO

PHILIPPE ODDO General Partner and CEO of ODDO BHF

ARNAUD FONTANET Epidemiologist, French Scientific Council member

DIDIER PITTET Head of Infection Prevention and Control at HUG and Faculty of Medicine of Geneva, Director of the WHO Collaborating Centre for patient safety

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Laurent Mignon is CEO of Groupe BPCE since June 1st, 2018. He is also Chairman of the Board of Directors of Natixis. After graduating from HEC in 1986 and the Stanford Executive Program, Laurent Mignon worked for Banque Indosuez for over 10 years. In 1996, he joined Banque Schroders in London, then AGF (Assurances Générales de France) in 1997 as Chief Financial Officer. He was appointed to the AGF Executive Committee in 1998, then as Deputy CEO in 2003 and Chief Executive Officer and Chairman of the Executive Committee in 2006. From mid-2007 to 2009, he was managing partner at Oddo & Cie. From 2009 to 2018, Laurent Mignon has served as Chief Executive Officer of Natixis and has been member of the Management Board of BPCE since 2013.

Philippe Oddo is Managing Partner of ODDO BHF SCA and Chairman of the Management Board of ODDO BHF AG. Born on 26 September 1959 in Paris, Philippe Oddo is a graduate of the Paris business school HEC. He also studied at the Paris IX-Dauphine University, New York University and the University of Cologne. Philippe Oddo joined the family business, the fifth generation of his family to do so, in 1984 and became a partner in 1987. In addition to his executive role at ODDO BHF, he has been a member of the board of directors of several organizations on the Paris financial center: “Conseil des marchés à terme”, Euronext, ANSA (Association Nationale des Sociétés par Actions) and METI (Mouvement pour les Entreprises de taille Intermediaire). He is treasurer of the Bettencourt-Schueller Foundation and is involved in medical research foundations. In 2020 the German Chamber of Commerce awarded Philippe Oddo for the first time the prize for Franco-German personality of the year. In his spare time, he enjoys skiing, sailing, running and cycling.

Arnaud Fontanet is a medical epidemiologist (MD Paris V; MPH, DrPH, Harvard School of Public Health) specialized in infectious diseases epidemiology. In 2002, he joined Institut Pasteur in Paris to launch the Emerging Diseases Epidemiology unit. There, his focus has been on viral hepatitis and emerging viruses. In 2014, he was appointed as Director of the newly created Centre for Global Health at Institut Pasteur. Arnaud Fontanet is also Professor of Public Health at the Conservatoire National des Arts et Métiers, where he is Director and co-founder of the Pasteur-Cnam School of Public Health, and was named in 2018-19 Guest Public Health Professor at the Collège de France. In March 2020, he was appointed to the Scientific Council advising the French government on the COVID-19 crisis.

Head of Infection Prevention and Control at HUG and Faculty of Medicine of Geneva, Director of the WHO Collaborating Centre (patient safety). Honorary Professor at Imperial College (London), Polytechnic University (Hong Kong) and 1st Medical School of the Fu (Shanghai), and Fellow of the Royal Medical Association (Ireland), honorary member of the Russian Academy of Sciences and the French Academy of Surgery, member of the editorial boards of numerous scientific journals, including Lancet Infectious Diseases, editorial consultant for The Lancet. National and international recognition, Society for Healthcare Epidemiology of America Lectureship (2008), European Society of Clinical Microbiology and Infectious Diseases Award for Excellence (2009), American Society for Microbiology (2016), Robert Koch Award (2017). Since 2005, he is collaborating with the WHO, responsible for the Clean Care is Safer Care program active in nearly 180 of the 194 member states of the United Nations.

2007, he was appointed Commander of the Order of the British Empire.

MARTIAL DESCOUTURES Senior Equity Analyst Pharma & Biotech at ODDO BHF

CATHERINE MACGREGOR CEO of ENGIE

LOUIS BOUJARD, CFA Equity Analyst Utilities / Renewable at ODDO BHF

ALESSANDRO FOTI CEO and General Manager of FinecoBank

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Dr. Martial Descoutures has been an equity analyst at ODDO BHF since 2018, specialized in Pharma & Biotech. Dr. Descoutures was previously employed as a Head of Health Sector by Invest Securities SA and a Research Analyst by Bryan, Garnier & Co Ltd. Dr. Descoutures holds a degree in Economics, Master’s in Banking & Finance and Doctorate in Pharmacy, all from Université René Descartes.

Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. She has spent her entire professional career working in the energy sector. From 2019 to 2020, she worked for TechnipFMC, as head of Technip Energies. From 2019 to 2020, she worked for TechnipFMC, where she was head of Technip Energies, hosting the engineering activities, as member of the TechnipFMC executive committee. She prepared the entity’s IPO. Previous to these positions, she has worked 23 years at Schlumberger, the world’s leading provider of reservoir characterization, drilling, production and processing technologies for the oil and gas industry. She occupied a number of roles in various geographies (Republic of Congo, Scotland, the US, etc.) : from head of operational divisions (Reservoir Characterization, Drilling and measuring, etc.) to head of the regional division Europe and Africa.

Chartered Financial Analyst (CFA) Member of CFA Society 2004 Master of science in Finance / Management, Paris II Pantheon-Assas University 14 years experiences in financial market on large caps coverage (European Utilities and Renewable). Since 2014, ODDO BHF. Paris / Frankfurt; From 2011 to 2014, sell side on utilities at BPI (Banco Português de Investimento) From 2005 to 2011, analyst at Aurel BGC. IPO experience: Voltalia, Neoen, Zero e (withdrawn to M&A).

Mr. Foti graduated in Economics from Luigi Bocconi University in Milan in 1984, and he started his professional career in the Financial Management Office of IBM in 1985. After working for three years at Montedison S.p.A., where he became Financial Director of the Coordination with Affiliates Group, in 1989 he joined Fin-Eco Holding S.p.A as head of the capital markets unit. In 1993, he became head of the operational unit responsible for administration, asset management and trading. After having been appointed a member of the board of directors, General Manager and CEO, in 2002 he became Chairman of Fin-Eco Sim S.p.A. In 1999, he was appointed member of the Board of Directors of Fineco. For three years, he was a member of the management committee of Assosim. From 2003 to 2005 he was member of the Board of Directors of Ducati Motors Holding S.p.A. and General Manager of FinecoGroup S.p.A. Since December 2000, he served as Fineco Chief Executive Officer. He also serves as Vice President of the Supervisory Board of DAB. He is a member of the Managing Board of Assoreti and from 2013 until 2019 (when Fineco left UniCredit Group) he has also been a member of UniCredit Group’s Executive Committee. From July 2014 until October 2020, he has been a member of the Board of Directors of Borsa Italiana S.p.A. Since 9th November 2018 he has been a member of the Board of Directors of Bocconi University of Milan.

JEAN-MARC STENGER CEO and General Manager of FinecoBank

DIDIER VALET President of Xanthe Conseil

MIRIAM WOHLFARTH Founder of Banxware

ALEX KOAGNE Thematic Equity Portfolio Manager, Financials at ODDO BHF

OLA KÄLLENIUS Chairman of the Board of Management of Daimler AG

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Jean-Marc joined Société Générale in 2000 as an analyst based in Frankfurt, Germany. In 2003 he started with 35 other employees Lyxor Asset Management, a specialized asset management company of the Equity Derivative division of the bank. He took responsibility for global portfolio management in 2005 and became Chief Investment Officer and member of the Executive committee in 2013. JeanMarc notably contributed to the development of Lyxor’s activities in Europe, the US, Japan and Middle East with major pension plans and sovereign wealth funds. He left Lyxor in 2019, the company employing 600 staff world-wide and managing €137 billion at the time, to create Societe Generale - Forge and expand Société Générale capabilities in digital capital markets. Jean-Marc is graduated in mechanical engineering from the Arts et Métiers (ENSAM). He is an active member of the European blockchain ecosystem for many years.

Didier Valet is President of Xanthe Conseil, his consulting and investment company, providing senior advisory services to CVC Capital, Bain & Company, BlackFin Capital Partners, Muzinich & Co and OFI Holding and investing in c.50 startups, notably Fintechs, like Alma, Epsor, Leocare, Qonto, Shares, Silvr, Upflow, Wematch... He is also Chairman of APRIL SA and on the board of Groupe Lucien Barrière, FOR-BZH, Infravia Capital Partners and, in the Fintech space, Alma, Epsor and Leocare. In his past career Mr. Valet was Deputy CEO, Head of Corporate & Investment Banking and Group Chief Financial Officer at Société Générale Group. Didier Valet received an undergraduate degree from Ecole Polytechnique and an undergraduate degree from Ecole Nationale de la Statistique & de l’Administration Economique.

Miriam Wohlfarth is the founder of Banxware. She is a successful FinTech entrepreneur, founder of Ratepay, with more than 20 years of experience in payment, banking and eCommerce. Miriam Wohlfarth knows the payment world and online retail like no other. She is one of the first female fintech founders in Germany and has worked for successful international companies such as Worldpay and Royal Bank of Scotland. She wants to show people that «coding» is the language of the future. For example, she teaches children about IT professions and promotes projects such as the Hacker School to teach kids programming through play.

Alex Koagne joined ODDO BHF AM SAS in 2018 as portfolio manager/analyst thematic equities covering financials. Prior to that, he headed the team of equity analysts on the banking sector from 2010 at Natixis where he also started his career in 2006 as bank equity analyst. Alex KOAGNE is a graduate of ISG Paris and holds a Master of Science in Finance from ISC.

Ola Källenius has served as a member of the Board of Management of Daimler AG since January 1, 2015 and Chairman of the Board of Management of Daimler AG since May 22, 2019. He previously held various board member seats and senior posts in the company, including leading R‡ Marketing & Sales; Mercedes-AMG; Mercedes-Benz U.S. International in Alabama. Ola Källenius was born in Västervik/ Sweden in 1969. He earned a Master’s degree in Finance and Accounting from the Stockholm School of Economics and attended the CEMS Program (Master of International Management) at the University of St. Gallen. He joined then Daimler-Benz AG as a trainee within the International Management Associate Program in 1993.

Between 1993 and 2015, Ola Källenius held several management positions within Daimler AG in Germany, the U.S. and UK.

MICHAEL FOUNDOUKIDIS Senior Analyst Autos & Auto Parts at ODDO BHF

GILLES BABINET Co-president of the French National Council on Digital Affairs, Digital advisor to the Montaigne Institute, Writer

STÉPHANE HOURI Equity Analyst, Head of Sector Equity Research at ODDO BHF

SIGMAR GABRIEL Former Vice Chancellor, Former Minister for Foreign Affairs, German Chairman of the Atlantik-Brücke e.V.

WERNER TAIBER Chairman of the Supervisory Board of ODDO BHF AG

PATRICK POUYANNÉ Chairman & CEO of TotalEnergie s

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He joined ODDO BHF as a Senior Auto Analyst in 2018 and is now leading the Automotive team (OEMs, suppliers, tyre makers). Before that, Michael already spent 12 years at Natixis covering automotive suppliers and tyre makers. Michael holds a post-graduate diploma (DESS, obtained with honors) in Banking and Finance (Sorbonne, 2006). Michael already worked on IPOs (Novares, Navya).

Entrepreneur in many different industries (consulting, music ...) since he’s 22, Gilles Babinet is now a digital expert and contributes to the Montaigne Institute, a French Think Tank whose work focuses on social cohesion, public policies and competitiveness. He was the first president of the National Council of Digital and was also appointed Digital Champion for France at the European Commission. He has written several books, discussing in his last one what the digital can do to transform public policies.

He is graduated in Finance from La Sorbonne (Université Paris I) and member of SFAF (French Financial Analysts Association). He joined Oddo BHF in 2018 as Head of Sector Equity Research. He is also covering technology stocks, including semiconductors, telecom equipment and payment stocks. He was previously head of Equity Research at Natixis. He joined Natixis IT Hardware team in June 2007 to cover Large and Midcaps Semiconductor and payment stocks. He was ranked n°5 individual analyst in the sector in Europe*. Stéphane started his career at Arthur Andersen (1997 / 2000) as an auditor, then moved to Fortis Bank (2001 / 2005) to cover mid and big cap stocks on the IT Hardware and semiconductor sector.

Born in Goslar in 1959, Sigmar Gabriel studied politics, sociology and German at the University of Göttingen. In 1977 Gabriel has become a member of the Social Democratic Party of Germany and was its chairman from 2009 to 2017. He was Prime Minister of the State of Lower Saxony from 1999 to 2003. From 2005 to 2009 he was Federal Minister of the Environment and from 2013 to 2017 he was Federal Minister for Economic Affairs and Energy. Gabriel was Vice Chancellor of Germany from 2013 to 2018 and Germany’s Minister for Foreign Affairs from 2017 to 2018. Sigmar Gabriel is chairman of the Atlantik-Brücke e.V., member of the Trilateral Commission and the European Council of Foreign Relations.

Werner Taiber holds the Chairmanship of the Supervisory Boards of ODDO BHF AG, ODDO BHF Asset Management GmbH and ODDO BHF Corporates and Markets AG since 2016. He was previously being the CEO of Meriten Asset Management and Country Executive Germany of Bank of New York Mellon from 2012 to 2015.

Until 2012 he held various Senior and International positions at West LB serving as a Member of the Managing Board for six years.

He studied economics at Universities of Dortmund and Münster and holds a Master Degree in Business Administration.

Patrick Pouyanné is the Chairman and Chief Executive Officer of TotalEnergies since 2015. He joined Total in 1997 and held several relevant and executive titles within the group. Before his appointment as CEO, Mr. Pouyanné was President for Refining & Chemicals and was a member of the Group’s Executive Committee. Prior to his service at Total, Mr. Pouyanné held, between 1989 and 1996, various administrative positions in the Ministry of Industry and other cabinet positions such as advisor to Prime Minister Édouard Balladur.

AHMED BEN SALEM Oil & Gas Equity Analyst at ODDO BHF

BRUNO CAVALIER Chief Economist at ODDO BHF

LAURENT DENIZE Chief Investment Officer & Global Head of Fixed income at ODDO BHF Asset Management

JEAN-CHARLES DECAUX Co-CEO of JCDecaux SA

JÉRÔME BODIN Equity Analyst Media at ODDO BHF

PETER ALTMAIER Former German Federal Minister for Economic Affairs and Energy

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Education: Master’s degree in finance, CIIA certified Oil & Gas Analyst at Oddo BHF for 12 years. Corporate finance department at Cofib capital Finance (2001-2008) in charge of valuation, M&A, AM. In charge of one IPO, several M&A, valuation, restructuring in Pharmaceuticals, Hostelry, food industry In charge of the inception of a guaranteed fund.

Bruno Cavalier joined ODDO BHF in 2007. He has 25 years of professional experience as an economist and market economist in the private sector, having worked in France for several think-tanks and banks (COE-Rexecode, Crédit Lyonnais, Crédit Agricole) before joining ODDO BHF. He graduated from the University of Paris 2 with a Ph.D in Economics and a Master’s degree in Banking and Finance.

Laurent Denize works at ODDO BHF since 2012, first as Senior Bond Manager and then as CIO since 2013. Previously, Laurent Denize founded and managed successively two asset management companies: Anakena Finance, then DDF Exclusive. He also worked as Head of Equity-Linked Products trading for Ixis CIB and as Head of the Credit Investment Portfolio for Calyon. He started his career in 1992 as Fixed Income Arbitragist, then Credit and Trading at Credit Lyonnais. Laurent Denize holds an actuarial degree from University Paris VI and a Master degree from ESC Toulouse. He also holds a Post graduate diploma in Banking and Finance from the University of Lyon II. Jean-Charles Decaux, 52, joined the family firm in 1989 to set up and develop out of home media in countries in southern Europe. In 1991, he was appointed Managing Director of JCDecaux Spain, based in Madrid. In 1994, still from Madrid, he became Chief Executive Officer responsible for developing businessactivities in Southern Europe, Latin America and Asia. Back in France when JCDecaux acquired Avenir in 1999, he was appointed Chairman and CEO of Avenir, JCDecaux Airport and JCDecaux Artvertising. In 2000, JCDecaux changed its legal status to that of a Société Anonyme (SA) governed by a Supervisory Board and an Executive Board. Jean-Charles Decaux serves as co-Chairman, alternating with Jean-François Decaux.

In 2001, they managed the stock market listing of JCDecaux SA and played an active role in the consolidation of the out-of-home advertising industry to make JCDecaux the world’s No.1 player in this sector in February 2011.In 2004, he was behind JCDecaux’s entry into the Chinese market, then other fast-growing countries.

Jerôme Bodin has been an equity analyst at ODDO BHF since 2018, specialized in media. He has over 18 years experience as a Research Analyst and worked for Natixis and CM CIC before. He currently works as a Media analyst, specializing in advertising, publishing, media holdings and digital space, covering amongst others Vivendi, JCDecaux, Prosus, Publicis, Pro7Sat1 and 15 others stocks.

Peter Altmaier is a German Politian. Before being appointed as Federal Minister for Economic Affairs and Energy he served as Federal Minister of the Environment (2012-2013), Head of the Federal Chancellery (2013-2018) and Acting Federal Minister of Finance (2017-2018). Peter Altmaier was born in Ensdorf, Saar, on June 18, 1958. After studying law at Saarland University in Saarbrücken, he became a research assistant at the Europe-Institute there. In 1990, he became an official of the European Commission, Brussels. From 1994 to 2021, he was a Member of the German Bundestag. He has been a member of the Christian Democratic Union of Germany (CDU) since 1976.

ANNE-CHRISTINE CHAMPION Co-Head of Natixis Corporate & Investment Banking

FABIENNE LECORVAISIER Executive Vice President at Air Liquide

MATHIAS BURGHARDT Member of the Executive Committee and Head of Ardian Insfrastructure Paris

MARTINA MACPHERSON Head of ESG Strategy at ODDO BHF

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Anne-Christine Champion is Global Co-Head of Natixis Corporate & Investment Banking and a member of the Natixis Senior Management Committee. Anne-Christine Champion began her career in 2002 in the financial engineering department of Natixis, where she handled debt advisory and arrangement for the infrastructure sector. In 2012, she became Global Head of Infrastructure, in charge of financing and advisory activities across energy and natural resources, telecom, transport, and utilities sectors. In 2016, Anne-Christine Champion took the lead of the newly created Distribution (primary, secondary, direct and synthetic) and Portfolio Management activities of the bank. Since March 1, 2019, she was named Global Head of Real Assets with responsibility for Natixis Corporate & Investment Banking’s origination in the Energy, Infrastructure, Real Estate and Aviation sectors. She was appointed to her current role on November 5, 2020.

Fabienne Lecorvaisier started her career in 1985 at Société Générale and then joined Barclays Bank and Banque du Louvre. In 1993 she joined the Essilor Group and held various positions within the Group before joining Air Liquide in 2008 as Group Chief Finance Officer.

She has been a member of the Air Liquide Executive Committee since then. She was appointed Non Executive Director of Sanofi in May 2013 and Chair of its Audit Committee in May 2018. She is also since May 2021 a Non Executive Director and Member of the Audit and Risk Committee of Safran. Fabienne Lecorvaisier has a degree in engineering. Fabienne was nominated « Officier de la Légion d’honneur » in December 2019.

Mathias Burghardt is Head of the Infrastructure activity and responsible for Ardian technological development. Mathias joined Ardian in 2007. Previously, he joined Ardian (as AXA Group) to set up and head its Infrastructure investment business. Prior to this, he was Head of HSBC Advisory and Project Financing in France. Mathias started his career in 1989 with Credit Lyonnais in Media Telecom.

He has developed extensive relationships with European infrastructure industrial and financial sponsors, public authorities and regulators. Mathias has over 25 years of experience in the infrastructure and energy sectors globally.

Martina has been at ODDO BHF for one year. For more than 20 years, she has held global leadership roles in ESG strategy, research, engagement and product development, including Senior Vice President, ESG and Engagement Strategy at Moody’s, Global Head of ESG Index Products and Research at S&P DJI, Managing Director of Sustainable Investments Partners Ltd. and Vice President of ESG Solutions at MSCI. Prior to this, she worked at Insight Investment, F&C AM and at Deutsche Bank AG. Martina is also a visiting fellow and guest lecturer in sustainable finance at University of Zurich and Henley Business School. She has an MBA certificate in finance and business from LSBF / UK, and a MA in Law and Human Sciences from University of Frankfurt in Germany. She is a fellow member of the Institute for Corporate Responsibility and Sustainability (ICRS) UK, a honorary doctoral fellow of the Institute for Certified Risk Management Professionals (ICRMP) UK, and an alumnus of the German National Academic Foundation (Studienstiftung des Deutschen Volkes).

THOMAS BUBERL CEO of AXA

BENOÎT VALLEAUX Insurance Equity Analyst at ODDO BHF

AURÉLIE JEAN Computational scientist, CEO and founder of In Silico Veritas, and CAIO and co-founder of DPEEX

JEREMY HARROCH Founder & CEO of Quantemetry

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Mr. Thomas Buberl holds a Master of Economics degree from WHU Koblenz (Germany), an MBA from Lancaster University (UK) and a Ph.D. in Economics from the University of St Gallen (Switzerland).

In 2008, he was nominated as a Young Global Leader by the World Economic Forum. From 2000 to 2005, Mr. Thomas Buberl worked at the Boston Consulting group as a consultant for the banking & insurance sector in Germany and abroad. From 2005 to 2008, he worked for the Winterthur group as a member of the Management Board of Winterthur in Switzerland, first as Chief Operating Officer and then as Chief Marketing and Distribution Officer. He then joined Zurich Financial Services where he was Chief Executive Officer for Switzerland. From 2012 to April 2016, he was Chief Executive Officer of AXA Konzern AG (Germany). In 2012, he was a member of the AXA Executive Committee. In March 2015, he became Chief Executive Officer of the Global Business Line for the Health Business and joined the AXA Management Committee. In January 2016, Mr. Thomas Buberl was also appointed Chief Executive Officer of the global business line Life & Savings. From March 21, 2016 to August 31, 2016, Mr. Thomas Buberl was Deputy Chief Executive Officer (Directeur Général Adjoint) of AXA. Since September 1, 2016, Mr. Thomas Buberl has been Chief Executive Officer and director of AXA.

He joined the Insurance team in 2005 and in charge of the Insurance sector he covers large multi-line European insurers (AXA, Allianz, Generali, etc.). Benoît has been a sell side insurance analyst on the European insurance sector since 1999 at SG (2003/2005) and Aurel Leven (1999/2003). Formerly, he worked 7 years within the AGF Group (now Allianz France). Benoît is a graduate from ENSAE, he also has a DEA degree in finance (Paris VI) and is a graduate member from the Institute of French Actuary.

Aurélie Jean has been working for more than 15 years as a research scientist and an entrepreneur in computational sciences, applied to engineering, medicine, education, economy, finance and journalism.

In the past, Aurélie worked at the Massachusetts Institute of Technology and at Bloomberg. Today, Aurélie works and lives between the USA and France where she shares her time between consulting, research, and teaching in grad schools and executive education mainly at MIT. Aurélie is also a tech and science advisor and board member for several companies.

Jeremy Harroch began his career within Wall Street financial markets. Trained in quantitative trading funds such as Lehman Brothers and Knight Capital Group, he has specialized in statistical arbitrage and very high frequency algorithmic trading. In 2011, he founded Quantmetry, a pure player, pioneer and independent artificial intelligence consulting firm whose mission is to provide state-of-the-art AI solutions for impactful business results. On the other hand, in 2018, Jeremy Harroch joined the Alumini of the X-IA group of the École Polytechnique, of which he has been its President since 2020.

5 publications : « IA Explique-Toi ! », « Apprentissage Profond », « Dessine-moi un Data Engineer ! », « Y’a-t-il une vie après les POCs », « Dessine-moi un datascientist ! ».

DR. LUC JULIA Co-creator of Siri, directed Siri at Apple and currently the Chief Scientific Officer for Renault Group

ANTOINE BLONDEAU Co-Founder and Managing Partner of Alpha Intelligence Capital (AIC)

BRICE PRUNAS Thematic Equity Portfolio Manager, Artificial Intelligence at ODDO BHF

CLÉMENT BEAUNE Minister of State for European Affairs, attached to the Minister for Europe and Foreign Affairs

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Dr. Luc JULIA, Chief Scientific Officer for Renault, was CTO and Senior Vice President of Innovation for Samsung Electronics, directed Siri at Apple, was Chief Technologist at Hewlett- Packard and cofounded a number of start-ups in the Silicon Valley. While conducting research at SRI International, he was involved in the creation of Nuance Communications, now the world leader in speech recognition. Recipient of Légion d’Honneur, the highest order of France, and member of its National Academy of Technologies, he holds degrees in Mathematics and Computer Science from the University Pierre et Marie Curie in Paris and earned a Ph.D. in Computer Science at the Ecole Nationale Supérieure des Télécommunications de Paris. He is the bestselling author of the book “There is no such thing as Artificial Intelligence”, holds dozens of patents and is recognized as one of the top 100 most influential French developers in the digital world.

A seasoned entrepreneur and investor, Antoine has 25 years of experience in the technology industry, having held senior leadership positions at Good Technology, Salesforce.com and Sybase. Antoine’s career highlights include leading Dejima as CEO, the company that powered DARPA’s foundational CALO (Cognitive Assistant that Learns and Organizes) project that later evolved into Apple’s Siri.

Antoine was also Chief Operating Officer of Zi Corporation, whose predictive text software was embedded in hundreds of millions of devices. He was also the Co-Founder of Sentient Technologies, one of the most advanced AI platform companies in the US. Throughout his career he has started and scaled businesses, delivered on fund-raising, M&A and restructuring activities, as well as on strategic licensing and OEM agreements. He is a hands-on leader, with a strong innovative streak, a liking for operational challenges, and a record of success in competitive environments and markets.Antoine is also a personal investor, board member and advisor in a number of technology companies in the US, Greater China, and Europe. He is an advisor to Pictet & Cie, and Kohlberg Kravis Roberts (KKR). Antoine holds an MBA from the Paris Graduate School of Management (ESCP) and has studied at Chuo University in Tokyo. He is the author of 6 patents.

Brice Prunas has been managing the ODDO BHF Artificial Intelligence fund since December 2018. Brice Prunas was previously sell side analyst on the Software sector in London and Paris for several years. He has been a TOP 3 ranked analyst at the European level for seven years in row. Brice PRUNAS graduated from EM Lyon.

Clément Beaune is the French Minister of State for European Affairs since July 2020. Prior to his appointment, Mr- Beaune was a Special Advisor within the Diplomatic Unit of the Presidency of the Republic from 2017 to 2020. He also served as advisor to the Minister of the Economy and Industry from 2014 to 2016. Mr. Beaune is a graduate of Sciences Po, the College of Europe and the École Nationale d’Administration.

CHANGPENG ZHAO Founder and CEO of Binance

ALEXIS LE PORTZ Chief Innovation Officer at ODDO BHF

NATHALIE DE MEDINA Senior Sales Trader UK at ODDO BHF

BENOÎT VALLEAUX Insurance Equity Analyst at ODDO BHF

SYLVAIN TESSIER Deputy Head of Equities and Head of Sales, Execution and Syndication at ODDO BHF

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Changpeng Zhao, known as CZ, is a serial entrepreneur with an impressive track record of successful startups. He launched Binance in July 2017 and within 180 days, grew Binance into the largest cryptocurrency exchange in the world. An expert in blockchain and trading systems, CZ has built Binance into the leading blockchain ecosystem, comprised of Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT and more. CZ is a Chinese-Canadian coder who spent time in Tokyo and New York in his earlier life, first building systems for matching trade orders, then developing software for Bloomberg’s futures trading on Wall Street.

In 2005, CZ quit his role as head of the Bloomberg Tradebook Futures Research & Development team and moved to Shanghai to start Fusion Systems. Soon thereafter, he learned about Bitcoin and joined Blockchain.info as Head of Technology. In 2020, CZ was recognized in the Bloomberg 50 as one of the most influential people of the year.

M. Alexis LE PORTZ joined ODDO BHF 4 years ago to create the innovation department. His focus is on digitization, data Science, blockchain technology and fintech investments. Le Portz started his career more than 15 years ago at Skype and has since been a serial entrepreneur with the creation of 3 start-ups one of which he sold to the AMAURY Group. Le Portz graduated from ESCP Europe.

Nathalie de Medina has a 20-year experience in Financial markets including 8 years as Pan Euro Sales Trader in the UK/US team at ODDO BHF. Prior to that, she worked for CA Cheuvreux as Pan Euro Sales Trader for UK clients for 12 years.

Mr. Michael Vermehren has been Head of Sales at ODDO BHF Madrid, since 2021 for the Iberian Region. Mr. Vermehren has more than 20 years of experience in Equity markets and developed his career between the UK and Spain. He was previously employed at Caixabank (Madrid) focusing on secondary markets and ECM deals.

In London he was employed as a Senior Equity Sales by Commerzbank and WestLB. Mr Vermehren holds a Masters degree from Heriot-Watt University, Edinburgh, Scotland.

Sylvain Tessier has over 20 years of experience in ECM and Equity Sales. He joined ODDO BHF in 2015 and has been Co-Head of Equities since 2019. Prior to that he worked for 15 years at Exane BNP Paribas as Equity Sales and then Head of ECM and Syndication. He holds a M.Sc. in Financial Markets from Paris Dauphine University.

Speakers BIOGRAPHIES Tuesday, January 11th

MICHAEL B. SCHÄFER Senior Analyst Chemicals at ODDO BHF

DANIEL WENDORFF Deputy Head of Research Germany Healthcare & Life Sciences at ODDO BHF

STÉPHANE BANCEL CEO of Moderna

DOMINIQUE MOÏSI Special Advisor for Geopolitics to Institut Montaigne

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Michael B. Schäfer has been an equity analyst at ODDO BHF since August 2021, specialized in Chemicals. Michael was previously employed as a Senior Equity Analyst for the Chemicals Sector by Commerzbank. He holds a degree in Economics from the Martin-Luther-University in Halle (Saale).

Daniel Wendorff has been an equity analyst at ODDO BHF and also Deputy Head of Research, Germany, since August 2021.

His focus is on Healthcare & Life Science. Daniel Wendorff was previously employed by Commerzbank, where he headed the Life Science and Chemicals equity analyst team. He started his career as a trainee at the investment bank WestLB Panmure.

Daniel Wendorff holds a Masters degree in Biology from the “Christian-Albrechts-University” in Kiel, Germany, and is a Certified International Investment Analyst (CIIA) from ACIIA. Stéphane Bancel has served as Moderna’s Chief Executive Officer since October 2011 and as a member of Moderna’s board of directors since March 2011. Before joining the Company, Mr. Bancel served for five years as Chief Executive Officer of the French diagnostics company bioMérieux SA. From July 2000 to March 2006, he served in various roles at Eli Lilly and Company, including as Managing Director, Belgium and as Executive Director, Global Manufacturing Strategy and Supply Chain. Prior to Lilly, Mr. Bancel served as Asia-Pacific Sales and Marketing Director for bioMérieux. Mr. Bancel currently serves on the board of directors of Indigo. He is currently a Venture Partner at Flagship Pioneering. Mr. Bancel holds a Master of Engineering degree from École Centrale Paris (ECP), a Master of Science in chemical engineering from the University of Minnesota, and an M.B.A. from Harvard Business School.

Dominique Moïsi is a Visiting Research Professor at King’s College London and Special Advisor to Institut Montaigne. He is a founding member of the Institut français des relations internationales (Ifri), for which he worked as Deputy Director before being appointed Special Advisor. Dominique has lectured at Sciences Po, Harvard and at the College of Europe in Natolin. He regularly contributes oped articles and essays for the Financial Times, Die Welt, Les Echos, Ouest France among others and is the author of several books among which “The Geopolitics of Emotion: How Cultures of Fear, Humiliation, and Hope are Reshaping the World” (2009).

KEN WONG Director, Client Portfolio Manager China Equities, Eastspring

YAN LAN Vice Chairman of Investment Banking at Lazard, Chairman and CEO of Greater China

VALÉRIE NIQUET Head, Asia Program, Foundation for Strategic Research

DR. AXEL SCHWEITZER CEO OF ALBA GROUP

MARTIN FECHTNER, CFA Multi-Asset Portfolio Manager, Emerging Markets at ODDO BHF

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Ken is a Client Portfolio Manager based in Eastspring’s Hong Kong office and is a member of Eastspring’s equity investment team. He provides in-depth, sophisticated insights into specific portfolio strategy and individual securities for the China equity markets. Ken is a frequent contributor to various financial publications talking about Asian equity markets and appears regularly as a guest on CNBC Asia, Bloomberg and Channel News Asia. Ken joined Eastspring in 2012 and has over 22 years of investment experience including previous tenures at State Street Global Advisors, Nomura Asset Management, FTSE International and Thomson Reuters. Ken has a MBA and Masters of Science Degree in Investment Management from the Hong Kong University of Science And Technology and a Bachelor of Arts with Honors Degree in Economics from the University of California, San Diego.

Yan Lan worked during 20 years as French lawyer. She became the first woman partner in the law firm before back to Beijing, charge of Gide Loyrette Nouel’s Beijing office, advising French and European companies for their investment in China. She was listed arbitrator for the China International Economic and Trade Arbitration Commission (CIETAC). In 2011, Yan Lan joined Lazard Greater China team in cooperation with the Lazard global network in advising cross-border M&A transactions involving Chinese and Foreign companies. She has strong relationship with Chinese clients (Sovereign fund, PEs, Private owned enterprises, and SOEs). She provided indepth and insightful analysis about Chinese political and economic environment for foreign investment in China. She also worked with Lazard network to advise Chinese companies on their outbound investment projects.

Valerie Niquet, Phd (Sorbonne University) is Head of the Asia department at FRS (Fondation pour la recherche stratégique), senior fellow at the Japan Institute for International Affairs (JIIA) and a lecturer at Keio University (Tokyo) on Sino-Japanese relations. She has published extensively on Strategic issues in Asia, Japan’s foreign policy as well as the evolutions of the Chinese political system. She also translated The Art of War by Sun Zi (Economica) a Classic of Chinese strategic thinking. Valerie Niquet is also a consultant for the French ministry of Foreign Affairs Center prospective and strategy.

Axel Schweitzer received his Dr.-Ing. degree (PhD) in 1995. Since 1995 Axel Schweitzer has been a member of the Board of Directors of the holding company of ALBA Group (known as ALBA Group plc & Co. KG as of January 2011); since 2008 he has been Chairman of the Board of ALBA SE, as well (formerly INTERSEROH SE).

Schweitzer was selected as Chairman of the Administrative Board of ALBA SE, which he exercised until 2018. Additionally, from 2013 until 2018 Schweitzer was Member of the Speakers Team Greater China of the Asia-Pacific Committee of German Business (APA), since February 2019 he is Deputy Chairman of APA and Member of the German Chinese Forum of Dialogue.

Martin Fechtner has been a Portfolio Manager at ODDO BHF since 2020, specialized in Emerging Markets. Mr. Fechtner was previously employed as Head of Fund Analysis by Scope Analysis and Portfolio Manager by Edmond de Rothschild. Mr. Fechtner holds a degree in Business Administration from the University of Muenster, and has been awarded the title of CFA.

ANGELA TITZRATH CEO of Hamburger Hafen und Logistik AG (HHLA)

MATTHIEU VINCENT Partner at DigitalFoodLab

GUILLAUME FOURDINIER Co-founder and CEO of Agricool

CLÉMENT BONHOMME Co-founder & Co-CEO at Foodles

ANASTASIA HOFMANN Co-founder and Co-CEO of KITRO

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Angela Titzrath has been Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA) since January 1, 2017.

After studying economics and literature at Ruhr University Bochum, she began her career as the Head of Operative and Strategic Controlling at Mercedes-Benz in Rome, and then took on several international top management functions at the Daimler Group from 1991. In 2012, she was appointed to the Executive Board of Deutsche Post AG, where she was responsible for Group Human Resources globally. In the last few years, she has been an active Supervisory Board member for various companies and organizations, whilst also working as a consultant and lecturer. She is also a member of the Supervisory Boards of Talanx AG, Evonik Industries AG and Deutsche Lufthansa AG. Matthieu Vincent is a FoodTech expert with more than ten years of experience in this field. First, he co-founded one of the first French FoodTech startups. Then, he co-founded DigitalFoodLab, a FoodTech insight and strategy consultancy, to help large corporations, investors and entrepreneurs to identify and leverage FoodTech opportunities. He is also an advisor, investor and board member to many FoodTech startups.

Born and raised in the North of France, son of a farmer, Guillaume is Agricool’s co-founder. Agricool was born in 2015, has experienced 5 years of R&D, 7 different prototypes and now operates a 11 container farm in La Courneuve (North of Paris) and is sold in more than 70 stores in Paris. Agricool grows healthy, pesticide-free, sustainable fruits and vegetables (strawberries, herbs and greens) in shipping containers placed in the city. The mission is to accelerate access to local food in cities. Therefore products are delivered to stores the day after harvest to ensure maximum freshness to the customers. Guillaume is also the co-founder of le CNRA (Conseil National pour la Résilience Alimentaire) whose mission is to gather all players of the local farming market to share ideas, support each other in order to achieve scaling local food systems.

Clément Bonhomme co-founded Foodles in 2015 with Michael Ormancey. Foodles is a new generation catering solution that offers an alternative to traditional company restaurants. Fresh, gourmet and responsible menus are delivered every day in fridges equipped with patented technology, available 24/7 for employees. Foodles is already present in more than 200 customers to date across France, Belgium and the UK. Prior to this experience, he graduated from ESSEC business school and worked in various environments such as banks (Commerzbank in London...) and startups (Rocket internet...).

Through various international work experiences within Europe and the US, Anastasia Hofmann developed a strong fascination for the hospitality industry. She holds a Bachelor of international hospitality management from Ecole hôtelière de Lausanne and is passionate about the improvement, development and implementation of sustainable practices within this dynamic industry. Combining her personal interest for environmental topics with an industry she cares about, led her to co-found a start-up called KITRO together with Naomi MacKenzie in 2017. KITRO focuses on food waste management in the food service and hospitality industry by harnessing the power of AI technology. KITRO’s goal is to bring back the value of food, so it is appreciated and not wasted.

CLÉMENT MACLOU Thematic Equity Portfolio Manager, Food at ODDO BHF

BEN SMITH CEO of Air France-KLM

YAN DEROCLES Aerospace & Airlines Equity Analyst at ODDO BHF

MIKI YOKOYAMA Venture Partner at Pirate

Impact

LÉA MIOMANDRE ESG Analyst at ODDO BHF

CHRISTOPHE-RAHAËL GANET Head of Midcap Research at ODDO BHF

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Clément Maclou has been a thematic equity portfolio manager at ODDO BHF since February 2021, managing the Future of Food strategy. Clément Maclou was previously employed as a Head of Thematic Equity at Decalia Asset Management and a Thematic Portfolio Manager at CPR Asset Management (Amundi Group). Clément holds a Master’s in Banking & Finance from IAE and is CIIA certified.

Benjamin Smith is the Chief Executive Officer of Air France-KLM, one of the world’s leading airline companies, since 2018. Mr. Smith is a senior airline industry veteran, having spent twenty years at Air Canada before joining Air France-KLM as Chief Executive Officer. In 1990, he started part time as a Customer Service Agent at Air Ontario. In 2002 he joined Air Canada. Under his management, Air Canada has been voted best air transporter in North America seven times at the World Airline Awards.

Post graduade degree in Bank & Finance Number of years as an analyst: 20 Previous experience in other banks: Credit Lyonnais Securities IPO experience as an analyst: Snecma, Figeac.

Miki is a Venture Partner at Pirate Impact, the family office for impact investments of digital serial entrepreneurs Ferry and Fabian Heilemann. She is also a sustainability advisor to UnternehmerTUM, the largest entrepreneurship center in Europe, and serves as a Board Member of the Circular Economy Initiative of the German Industry Association (BDI). Previously, Miki worked a few years at the Boston Consulting Group as a consultant and at the BMW Group in the sustainability strategy division, and also at TechFounders, the accelerator division of UnternehmerTUM, as Managing Partner. Her passion is integrating sustainability into business, driving impact capitalism, unlocking potential, and creating more equal opportunities. Miki holds a B.A. in communication science from the University of Munich and a M.A. in international relations and communications from Boston University.

Léa Miomandre has been an ESG Analyst at ODDO BHF since 2019.

She covers the ESG analysis of the pharmaceutical and the food & beverage sectors. She holds a Master’s degree in Finance & Management from ESCP Business School.

He has a master’s degree specialising in Financial Engineering from EM Lyon. He began his career with Meeschaert-Rousselle (Axa) in 1994 before joining Crédit Lyonnais Securities in 1996.

Since the takeover of CLS by Oddo & Cie, Christophe-Raphaël has been head of research in Lyons. In 2006, he worked on the IPOs of Clasquin (2006), Groupe Noble Age (2006), Vetoquinol (2006), then, Medica (by 2010), EOS Imaging (2012), Spinaway (2013) and prior to that, the SPO of Eurofins Scientific and capital raising for AES Laboratoire. He was ranked #6 All individuals France: Small & Mid Caps Research (Extel June 2019).

JÉRÉMY GARNIER Head of NextCap Research at ODDO BHF

PIERRE BRESNU Market Data Analyst at ODDO BHF

CAROLE BRAUDEAU Head of Fixed Income Research at ODDO BHF

YVES DACCORD Executive chairman of the Edgelands Institute, former DG of the ICRC (international committee of the Red Cross)

PR. PATRICK AEBISCHER President Emeritus of EPFL

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Jeremy is a finance graduate from ESDES business school in Lyon and obtained CIIA diploma in 2012. He joined Oddo as an equity analyst in October 2016 to take the coverage of Industry, Specialist retailing and Logistics sectors. Became Head of NextCap by 2018.

He previously worked for Nextstage AM as a financial analyst specialized on small caps.

Pierre Bresnu has been a market data analyst at ODDO BHF since 2018, specializing in the securities lending and Repo market. Pierre was previously employed at Société Générale working on Securities Lending and arbitrage /special situation strategies. Pierre holds a Master’s in Banking & Finance from Université Paris II Panthéon Assas.

Carole joined ODDO BHF in 1998 and is head of Fixed Income Credit Research. She began her career as a credit analyst at Société Générale. Master Bank & Finance Paris Dauphine University

Yves Daccord is a renowned humanitarian leader, international strategist, influencer and changemaker. Yves is currently leading the first-ever Harvard’s Pop-Up Institute – the Edgelands Institute - to imagine the terms of new social contracts that work for cities and people in the age of pandemics and digital surveillance. From 2010 – March 2020 Yves was Director-General of the International Committee of the Red Cross (ICRC), a global humanitarian organization employing 20,000 staff. Yves co-chairs the #Principles4Peace initiative. He is as well member of the Board of Trustees of ODI a leading global affairs think tank working to inspire people to act on injustice and inequality, of the Board of the International Human Rights Film Festival of Geneva, of the Board of the leading swiss newspaper LeTempsand of the Board of the Humanitarian Quality Insurance Initiative.

Patrick Aebischer is a senior partner at +ND Capital and chairman of the Novartis Venture Fund. He is the former president of EPFL, the Ecole Polytechnique Fédérale de Lausanne (2000 – 2016). He serves on the board of Nestlé, Logitech and Polypeptide Group and previously Lonza. He is the founder of 4 biotechnology companies. Patrick Aebischer is the vice-chairman of GESDA, the Geneva Science and Diplomacy Anticipator. https://gesda.global/ He studied Medicine and Neurosciences at the University of Fribourg and Geneva.

THIERRY LOMBARD Member of the Supervisory Board ODDO BHF and Vice Chairman of the Board of Directors ODDO BHF (Switzerland) Ltd

PAUL MAURICE Research Fellow at the Study Committee on Franco-German Relations (Cerfa) at the French Institute of International Relations

MARIA DEMERTZIS Deputy Director, Bruegel

PR. MARINA HENKE Professor of International Relations; Director at Centre for International Security

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After a degree in economics from the University of Geneva, Thierry Lombard, representing the 6th generation, joined Lombard Odier in 1972. He became Managing Partner in 1982 and held the position of Senior Partner from 1995 to 2008. During his career, Thierry Lombard was active in all aspects of the Bank; the institutional and private activities, human resources, pension funds, and particularly interested in the development of the sustainable thematic investments strategy. He is also the instigator and co-author of several books addressing the issues of succession, wealth, philanthropy, and investment. He has been close to all domains regarding innovation, entrepreneurship, including a long-term relationship with the Ecole Polytechnique Federale of Lausanne.

Thierry Lombard chaired the Board of Family Business International (Association of more than 8000 members of Family Business), was a member of the Assembly of the ICRC (International Committee of the Red Cross) and is active in several medical and humanitarian foundations, including co-chairing his own Foundation (Fondation du Domaine de Villette).

Paul Maurice is a Research Fellow at the Study Committee on Franco-German Relations (Cerfa) at the French Institute of International Relations - Ifri, where he specifically works on issues of German domestic policy, the Franco-German relations in the context of European integration and Foreign and Security Policy of the Federal Republic of Germany. Paul Maurice is currently completing a PhD in contemporary history at the Sorbonne University, in co-supervision with the Universität des Saarlandes and is part of research lab UMR Sirice (Sorbonne, Identities, International Relations and Civilizations of Europe). He is a member of the editorial board of the journal ‘Allemagne d’aujourd’hui’.

Maria Demertzis is Deputy Director at Bruegel. She has previously worked at the European Commission and the research department of the Dutch Central Bank. She has also held academic positions at the Harvard Kennedy School of Government in the USA and the University of Strathclyde in the UK, from where she holds a PhD in economics. She has published extensively in international academic journals and contributed regular policy inputs to both the European Commission’s and the Dutch Central Bank’s policy outlets.

Marina Henke is Professor of International Relations at the Hertie School and Director of the Centre for International Security. She researches and publishes on military interventions, peacekeeping, nuclear security and European security and defense policy. Before joining the Hertie School, she was an Associate Professor (with tenure) at Northwestern University, specialising in international relations, as well as at Princeton University where she was a Lecturer and Postdoctoral Research Associate at the Woodrow Wilson School of Public and International Affairs. She holds a PhD in Politics and Public Policy from Princeton University, a Double Master of Science in Development Studies and International Political Economy from Sciences Po Paris and the London School of Economics and Political Science, and a Bachelor of Arts in Economics, Politics and Latin American Studies from Sciences Po Paris.

AMIR BANIFATEMI Chief Innovation & Growth Officer at XPRIZE

BENOIT CLAVERANNE Chief Transformation & Development Officer at ODDO BHF

JÉRÔME CARON Chief Financial Officer at Hoffmann Green Cement Technologies

JEREMY GHEZ Associate Professor of Economics & International Affairs at HEC Paris

ALEXANDRA DE HOOP SCHEFFER Director of Research, Director of the Paris Office, German Marshall Fund of the United States

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Amir Banifatemi heads innovation and initiatives for the world’s leader in incentive competitions to solve humanity’s grand challenges.

He designed and launched the Global AI Xprize, The UN XPRIZE and ITU Global AI Summit, the Avatar XPRIZE, The AI and Data pledge initiative, the Pandemic Alliance, the Abundant Energy Alliance, and the Global AI and Data Commons Initiative. His general focus is on identifying and developing emerging and transformative initiatives that can impact society in significant and exponential ways. He does this by helping create interdisciplinary frameworks for understanding and planning new developments and the funding required to bring new innovations to market.

Since July 1st , 2021, Benoît Claveranne is Chief Transformation & Development Officer at ODDO BHF, responsible for operations, IT, marketing and innovation, and in charge of the Group’s development in Asia. He is a member of the Group management committee. Born in 1975, Benoît Claveranne worked in various financial institutions such as the French Treasury, the World Bank and the International Monetary Fund (IMF). From 2009 to 2021, he worked at AXA, where he held several responsibilities. He notably was Chief Executive Officer of the life, savings and pensions business in Asia before joining the group management committee in 2016 as the Chief Transformation Officer, responsible for distribution, data, technology, operational excellence and procurement. In 2018, he became Chief Executive Officer International and New Markets and additionally oversaw the Group’s innovation ecosystem from 2020 onwards. He is a graduate of the Institut d’Etudes Politiques de Paris, an alumnus of the Ecole Normale Supérieure (Paris-Saclay) and the Ecole Nationale d’Administration (ENA) and holds degrees in economics and management.

20 years of experience as a CFO both at a French and international levels. Previously worked within Suez and Engie Groups. Strong skills in M&A, financing, and controlling Project development in highgrowth contexts

Jeremy Ghez is an associate professor of Economics and International Affairs at HEC Paris. He is the scientific director of the school’s master program in Sustainability and Social Innovation as well as the academic director of the HEC Paris Center for Geopolitics. Previously, he was an assistant policy analyst and a research fellow at the RAND Corporation. His last book, Architects of Change: Designing Strategies for a Turbulent Business Environment, was published in 2020.

Alexandra de Hoop Scheffer est la directrice du bureau de Paris et directrice de la recherche au sein du think tank German Marshall Fund of the United States (GMF), dont l’objectif est de renforcer la coopération transatlantique. Mme de Hoop Scheffer a occupé différents postes dans des institutions publiques, notamment en tant que conseillère auprès du département des Opérations de maintien de la paix à l’ONU en 2006, du ministère de la Défense de 2006 à 2009, du ministère des Affaires étrangères de 2009 à 2011, et du Commandant suprême des forces alliées de l’OTAN en Europe de 2010 à 2013.

THOMAS MUCHA Managing Director and Geopolitical Strategist at Wellington Management

HANI KABLAWI Chairman of International at BNY Mellon

LUISA GÓMEZ BRAVO Global Head of Corporate and Investment Banking at BBVA

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As a member of the firm’s Global Macro Strategy Group, Thomas conducts research on the macro and market implications of geopolitical risk. In his role, he also focuses on internal and external communication efforts, with a particular emphasis on connecting our macro insights to actionable investment ideas in client portfolios.

In addition, he is a frequent speaker at Wellington client events and investment seminars worldwide. Prior to joining Wellington Management in 2015, Thomas had a successful career in journalism as a writer, producer, and editor focused on global business, economics, and geopolitics. He joined Wellington Management from GlobalPost, where he oversaw editorial operations and wrote a column on global business and economics, as well as its Macro blog on the global economy (2008 – 2015). Prior to GlobalPost, Thomas worked as a writer, producer, and editor for CNN and CNN International in New York and London, where he covered Wall Street and the US and global economies, including emerging markets (1991 – 1998).

He also worked in similar roles at Crain’s Chicago Business (2005 – 2008) and Time Inc.’s Business 2.0 Magazine (2001 – 2005). Thomas earned his MA in international relations and economics from the University of Chicago (2002) and his BA in English from Michigan State University (1991).

Hani Kablawi is Chairman of International. Hani is a member of BNY Mellon’s Executive Committee and serves on its European and UK Bank boards. As Chairman of International, Hani oversees the regional management teams across EMEA, Asia Pacific and Latin America and leads strategy development, execution and delivery of enterprise priorities across these regions. Hani is Deputy Chairman of the Advisory Council for the Official Monetary and Financial Institutions Forum (OMFIF), the independent financial think tank for central banks and public investment. Hani also serves on the Board of Trustees for UK charity, Breaking Barriers, whose mission is to help refugees in London acquire the knowledge, confidence and experience to obtain stable, fulfilling employment. Since joining The Bank of New York in 1997, Hani has held a number of leadership roles in New York, London and the UAE. Hani previously worked for HSBC in New York.

Luisa Gómez Bravo is Global Head of Corporate & Investment Banking at BBVA. Shereports to the CEO and is also a member of the Executive Committee of the BBVA Group. MsGomézBravo joined BBVA in 1998, and has since then held severalsenior management positions in the Group including COO of Wholesale Banking, Global Head of Asset Management, COO and Head of Transformation in Spain and Portugal, Global Head of Investor Relations and Global Head of Investment & Cost Management. Before joining BBVA, LuisaGómez Bravo worked in Salomon Brothers and Lehman Brothersin London. She has a degree both in Law and in BusinessAdministration from UniversidadPontificaComillas–ICADE –Madrid E-3.

JAVIER RODRIGUEZ SOLER Global Head of Sustainability at BBVA

LUIS CABRA Executive Managing Director of Energy Transition, Sustainability, and Technology; and Deputy CEO at Repsol

JEAN-BAPTISTE ROUPHAEL ESG Analyst, Head of Sustainability Research at ODDO BHF

AL GORE Former Vice President of the United States of America, Chairman of The Climate Reality Project, 2007 Nobel Peace Prize

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He was previously Country Manager for USA, a position he assumed in 2018. From 2015 until 2018 he was Global Head of Strategy & M&A. He has also been Director of Corporate Development & M&A from 2010 until 2015 and Managing Director of Corporate & Investment Banking from 2008 until 2009. Before joining BBVA, Mr. Rodríguez Soler had various leadership roles with companies like Endesa (Director of Investor Relations from 2005 until 2008 and Director of Strategy & M&A from 2003 until 2005), MyAlert (CFO and Corporate Finance from 2000-2003) or McKinsey. He has also been professor at CEU-Universidad Complutense de Madrid. Mr. Rodríguez Soler holds an MBA from Columbia Business School and he has a degree in Business Administration and Management Economics and Business Studies from CUNEF-Universidad Complutense de Madrid.

Luis Cabra is currently Executive Managing Director of Energy Transition, Sustainability, and Technology; and Deputy CEO. He has also been a member of Repsol’s Executive Committee since 2012. He joined Repsol in 1984 as a process engineer at the A Coruña refinery in Spain. Since then till 2012, he has held management positions in Refining, E&P and corporate units. From 2012 to July 2018, he served as the Executive Managing Director of Exploration and Production. Luis Cabra holds a PhD in Chemical Engineering from Complutense University of Madrid and has completed business management studies at INSEAD and IMD. He has represented Repsol in various international associations. In June 2021, he was appointed President of FuelsEurope and Concawe, associations that represent the European refining industry.

He joined Oddo BHF in 2018 after 4 years at PwC as a senior consultant in sustainability strategy. He specialises in climate issues and covers from an ESG perspective the building materials, pharma, renewable energy, capital goods and air transport sectors. He graduated from HEC Paris in 2014.

Al Gore was Vice President of the United States of America from 1993 to 2001. He is the founder the co-founder and chairman of Generation Investment Management, and the founder and chairman of The Climate Reality Project, a nonprofit devoted to solving the climate crisis. Mr. Gore also a senior partner at Kleiner Perkins Caufield & Byers and a member of Apple Inc.’s board of directors. He is the author of the #1 New York Times best-sellers “An Inconvenient Truth” and the subject of the documentary movie “An Inconvenient Truth,” which won two Oscars in 2006. In 2007, Mr. Gore was awarded the Nobel Peace Prize.

SÉBASTIEN BAZIN Chairman and CEO of Accor

JOHANNA JOURDAIN Hotels, Leisure & Support services Equity Analyst at ODDO BHF

KIM LAST Head of German Equity Market New York Corporation at ODDO BHF

EVELYNE HALKEMA GROLL Senior Sales Germany at ODDO BHF

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After five years working in several financial positions in New York, San Francisco and London, Sébastien Bazin was appointed CEO of Hottinguer Rivaud Finances, an investment bank, in 1990, and then CEO of L’Immobilière Hôtelière, a hotel developer in France, in 1992. In 1997, he moved to Colony Capital, a private real estate investment firm, to head up its European branch and lead several acquisitions, principally in the hospitality sector (Générale des Eaux, Club Méditerranée, Lucien Barrière, Fairmont & Raffles, Buffalo Grill, Château Lascombes, Stadia Consulting and others). He joined Accor’s Board of Directors in 2005 and, via Colony Capital, became a Paris Saint-Germain shareholder in 2006 and the club’s Chairman in 2009. In August 2013, he resigned from his duties at Colony Capital and was appointed Chairman and CEO of Accor. Sébastien has been Chairman of the Théâtre du Châtelet’s Board of Directors since 2015 (and a Board member since 2013), is Vice-Chairman of the Gustave Roussy Foundation’s Supervisory Board, and has been a member of GE’s Board of Directors since 2016.

She is a graduate from Paris Dauphine University in Banking and Finance. She joined the Hotels, Leisure and Support Services Equity Research team of Oddo BHF in 2018, as an Analyst, covering in particular stocks such as Sodexo, Accor, Edenred and Elior. She was previously holding the same position at Natixis since 2015. Before, Johanna has been working in the Mergers & Acquisitions team of Natixis. IPO experience : La Française des Jeux (2019).

Originally from Frankfurt, Germany, Kim trained at Dresdner Bank AG in Frankfurt before pursuing a career on Wall Street where he started on the International Trading Desk at Bear, Stearns & Co in both New York and in London in the early 1990s. Kim also worked in International Trading at Commerzbank, Jefferies and at Bankhaus Lampe and has been working for Oddo in New York for a total of about 12 years. Kim received his degree as Bankkaufmann at the Bethmannschule in Frankfurt.

Evelyne Halkema Groll, Senior Equity Sales, has over 20 years of experience in the equity market. She started her career in the buy side in Geneva, Switzerland at Lombard Odier & Cie and then moved to the sell side in Frankfurt at Credit Agricole Cheuvreux. For the last two years, Evelyne worked at ODDO BHF Asset Management as an Equity Product Specialist. Today, Evelyne is based in Frankfurt as an Equity Sales and covers German and French clients. Evelyne holds a degree in International Relations from the Graduate Institute of International Studies in Geneva, Switzerland.

In partnership with www.oddo-bhf.com

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