Inventiva : Interim condensed consolidated financial statements as at March 31, 2021

KPMG Audit	Lison Chouraki Audit
Tour EQHO	3, rue Anatole de la Forge
2 Avenue Gambetta	75017 Paris
CS 60055
92066 Paris la Défense Cedex
France

Inventiva S.A.

Statutory Auditors Review Report on interim condensed consolidated financial statements

Period from January 1, 2021 to March 31, 2021

Inventiva S.A.

This report contains 35 pages

reg appx 0

KPMG International Cooperative, une entité de droit suisse.

de Versailles.

FR 77 775 726 417

KPMG Audit	Lison Chouraki Audit
Tour EQHO	3, rue Anatole de la Forge
2 Avenue Gambetta	75017 Paris
CS 60055
92066 Paris la Défense Cedex
France

This is a free translation into English of the statutory auditor's review report issued in French and is provided solely for the convenience of English-speaking readers. This report should be read in conjunction with, and is construed in accordance with, French law and professional auditing standards applicable in France.

Inventiva S.A.

Statutory Auditors Review Report on interim condensed consolidated financial statements

Period from January 1, 2021 to March 31, 2021

To the Chief Executive Officer,

In our quality of statutory auditors of Inventiva S.A. and in answer to your request, we conducted a review of the interim condensed consolidated financial statements for the period from

1 January to 31 March 2021 ("the financial statements"), which are attached to this report.

Due to the global crisis related to the Covid-19 pandemic, the interim condensed consolidated financial statements of this period have been prepared and reviewed under specific conditions. Indeed, this crisis and the exceptional measures taken in the context of the state of sanitary emergency have had numerous consequences for companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Those measures, such as travel restrictions and remote working, have also had an impact on the companies' internal organization and the performance of our review procedures.

These financial statements are the responsibility of the Board of directors on June 22, 2021. Our responsibility is to express a conclusion on these financial statements based on our review.

We conducted our review in accordance with professional standards applicable in France and the professional doctrine of the French national auditing body (Compagnie nationale des commissaires aux comptes) related to this engagement. A review consists primarily of making inquiries of persons responsible for financial and accounting matters and applying analytical procedures. A review is substantially less in scope than an audit conducted in accordance with professional standards applicable in France and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

KPMG International Cooperative, une entité de droit suisse.

de Versailles.

FR 77 775 726 417

Inventiva S.A. Statutory Auditors Review Report on interim condensed consolidated financial statements

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepared in conformity with IAS 34, IFRS standard as adopted by the European Union on interim financial reporting.

Paris La Défense, on the 28 July 2021	Paris, on the 28 July 2021
French original signed by :	French original signed by :
KPMG Audit	Lison Chouraki Audit
Département de KPMG S.A.

Cédric Adens

Lison Chouraki

3

Inventiva S.A.

Index to unaudited interim condensed consolidated financial statements

	Page
Unaudited Interim Condensed Consolidated Financial Statements as of March 31, 2021 and for
the Three Months Ended March 31, 2021 and 2020
Unaudited Interim Condensed Consolidated Statement of Financial Position as of March 31, 2021 and
December 31, 2020	F-2
Unaudited Interim Consolidated Consolidated Statement of Income (Loss) for the Three Months
Ended March 31, 2021 and 2020	F-3
Unaudited Interim Consolidated Consolidated Statement of Comprehensive Income (Loss) for the	F-4
Three Months Ended March 31, 2021 and 2020
Unaudited Interim Consolidated Consolidated Statement of Cash Flows for the Three Months Ended
March 31, 2021 and 2020	F-5
Unaudited Interim Consolidated Consolidated Statement of Changes in Shareholders' Equity for the
Three Months Ended March 31, 2021 and 2020	F-6
Notes to the Unaudited Interim Consolidated Consolidated Financial Statements	F-7

F-1

Unaudited interim condensed consolidated statement of financial position

(in thousands of euros)

		As of	As of
		December 31, 2020
	Notes	March 31, 2021
ASSETS
Non-current assets
Intangible assets	4	881	935
Property, plant and equipment	5	3,172	3,282
Other non-current assets	6	2,751	1,706
Total non-current assets		6,803	5,923
Current assets
Inventories	7	375	320
Trade receivables	8.1	1	48
Tax receivables	8.2	9,078	9,028
Other current assets	8.2	8,157	17,914
Cash and cash equivalents	9	107,806	105,687
Total current assets		125,417	132,997
TOTAL ASSETS		132,220	138,920
LIABILITIES AND SHAREHOLDERS' EQUITY
Shareholders' equity
Share capital	10.1	386	386
Premiums related to share capital		139,668	139 668
Reserves		(28,958)	4 777
Translation reserve		0	-
Net loss for the period		(8,840)	(33 619)
Total Shareholders' equity	10	102,256	111,211
Non-current liabilities
Long-term debt	11	10,075	10,037
Long-term provisions	12	2,377	2,377
Provisions for retirement benefit obligations	13	1,443	1,385
Total non-current liabilities		13,896	13,800
Current liabilities
Short-term debt	11	11	18
Trade payables	14.1	8,692	6,923
Short-term provisions	12	148	130
Other current liabilities	14.2	7,219	6,838
Total current liabilities		16,068	13,908
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		132,220	138,920

The accompanying notes form an integral part of these financial statements

F-2