Universal Registration Document 2021

PRESENTATION OF THE GROUP OVERVIEW AND HISTORICAL BACKGROUND

Historical background 1.1.2 [102-10] [102-15] [102-49]

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REFOCUSING OUR BUSINESSES & STRATEGIC ACQUISITIONS In 2015 Technicolor completed two acquisitions: Cisco Connected Devices, the Customer Premise Equipment business of Cisco, was integrated into Technicolor’s Connected Home Division, and Technicolor Creative Studios Division (previoulsy Production Services Division) acquired London-based The Mill. In addition, the Group acquired the North American assets of Cinram. In 2018, Technicolor concluded an outsourcing agreement from Sony DADC for Technicolor in North America and Australia, and Connected Home launched a three-year transformation targeting market share gains while improving profitability in order to absorb potential new headwinds in the market. InterDigital acquired Technicolor’s Patent Licensing business in 2018, and in 2019, Technicolor sold its R&I activity to InterDigital. In April 2021, in order to focus on VFX and Animation for the entertainment industry, and creative services and technologies for the advertising industry, the Group closed the sale of the Technicolor Post Production business for €30 million to Streamland Media. FINANCIAL RESTRUCTURING PLAN From June to September 2020, the Group successfully accomplished the required steps to implement its financial restructuring plan: June 22: opening in France of a procédure de sauvegarde financière • accélérée , a form of pre-negotiated safeguard procedure with financial creditors; July 5: approval of the draft safeguard plan by the creditor’s • Committee; July 20: approval of the financial restructuring plan by a large majority • of shareholders; July 28: approval of the Financial Safeguard Plan by the Commercial • Court. As a consequence, the Group prepared the partial debt equitization (up to €660 million) which included: a rights issue of the Company, with shareholders’ preferential • subscription rights, for a total amount of €330 million, at a subscription price of €2.98 per share, fully backstopped by the Term Loan B and RCF lenders by way of set-off of their claims at par under the existing credit facilities; Bpifrance Participations subscribed to the rights issue in cash pro rata its shareholding (c. 7.56%) on a non-reducible basis (souscription à titre irréductible) for an aggregate amount of circa €25 million; cash proceeds of the rights issue were used in full to repay the Term Loan B and RCF lenders, at par value;

a reserved capital increase of the Company, for a total amount of • €330 million, at a subscription price of €3.58 per share, reserved for the Term Loan B and RCF lenders and which was fully subscribed by way of set-off against their claims at par under the existing credit facilities; free warrants granted to New Money lenders (the “New Money • Warrants”), exercisable for 3 months, with an exercise price of €0.01 with a strike price equal to the nominal value of the shares and representing 7.5% of the share capital of the Company (after the capital increases and exercise of New Money Warrants exercise, but before dilution from the shareholders’ free warrants); shareholders’ free warrants, allocated to all shareholders providing • proof of a book entry of their shares on the date retained for the detachment of the shareholders’ preferential subscription rights under the rights issue (the “Shareholders Warrants”), with a 4-year term, at the same price as the reserved capital increase (€3.58 per share) and representing 5% of the share capital of the Group after all capital issuances. Each existing share was granted 1 free warrant, and 5 free warrants will give the right to subscribe to 4 new shares. FINANCING The Group’s debt consists primarily of the New Money debt and the New Reinstated Term Loans (the “Reinstated Term Loans”) that resulted from the Group’s financial restructuring in 2020. The New Money debt consists of term loans issued by Technicolor USA Inc. in U.S. dollars and New York law based notes issued by Tech 6 in euros. The New Money debt has a maturity of June 30, 2024. The Reinstated Term Loans, issued by Technicolor SA in U.S. dollars and euros, consist of the remaining term loan and revolving credit facility debt following their partial conversion to equity; the terms of these new loans were modified, in particular with regard to their maturity (December 31, 2024), the interest rates and the restrictions which were aligned to those of the New Money debt. The New Money debt and the Reinstated Term Loans have both a cash and PIK (Payment In Kind) interest component. The PIK interest is capitalized (every 6 months for the debt issued by Technicolor USA Inc. and every 12 months for the remaining debt) and repaid on final maturity. For more information about the refinancing and the Group’s debt covenants, please refer to Chapter 6: “Financial Statements”, note 8 “Financial assets, financing liabilities & derivative financial instruments” to the consolidated financial statements.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021