Universal Registration Document 2021
4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION
CHIEF EXECUTIVE OFFICER
2021
Financial year
2017 (25)%
2018 (53)%
2019
2020
Evolution (%) of the compensation of the CEO (1)
(5)%
28%
96%
Perimeter: Technicolor SA (full-time equivalent employees) Evolution (%) of the average compensation
(6)% 25.6
(9)%
(1)% 12.6 (4)% 17.2 (5)%
13% 14.3 13% 20.4
7%
Ratio - average compensation
13.1
26.2 84% 38.6 89% 10% 39.6 78% 49.8 83%
N/N-1 change in %
(20)%
(49)%
Ratio - median compensation
37.8
18.2
N/N-1 change in %
(25)%
(52)%
19%
Perimeter: France (full-time equivalent employees) Evolution (%) of the average compensation
(1)% 39.9
(5)% 19.5
5%
2%
Ratio - average compensation
17.7
22.2 26% 27.3 22%
N/N-1 change in %
(24)%
(51)%
(9)% 22.3 (6)%
Ratio - median compensation
50.6
23.7
N/N-1 change in %
(26)%
(53)%
TECHNICOLOR’S PERFORMANCE
2021
Fiscal year
2017
2018
2019
2020
Adjusted EBITDA (2) (in million euros)
341
266
246 (8)% 324
N/N-1 change in %
(40)%
(22)%
Adjusted EBITDA (3) (in million euros)
167
268 60%
N/N-1 change in %
(48)%
Net result (Group share) (in million euros)
(173)
(67) 60%
(230)
(211)
(140)
N/N-1 change in %
(562)%
(238)%
8%
33%
Evolution 2021 is due to 2 main factors: (1) 2021 is the first year of payment of annual variable compensation due to the CEO on a full year basis (vs. 2020), • the number of additional performance shares granted to the CEO under ASP 2020 according to the Board of Directors’ decision. • Adjusted EBITDA is before IFRS 16. For 2016, it still includes Patent Licensing and Research & Innovation activities. (2) Adjusted EBITDA including IFRS 16. (3) Executive Committee compensation 4.2.3 [102-35]
EXECUTIVE COMMITTEE 4.2.3.1 COMPENSATION
December 31, 2020 amounted to €8.2 million for a total of 12 members (excluding charges and including variable components – short-term plans – of €3.2 million, partly calculated on the basis of the 2019 Group financial results). The total amount provided for pensions and retirement and other similar benefits granted to the Members of the Executive Committee amounted to €92,194 in 2021. LOANS AND GUARANTEES GRANTED 4.2.3.2 OR ESTABLISHED FOR THE MEMBERS OF THE EXECUTIVE COMMITTEE None.
In 2021, the total compensation paid by the Company and/or companies of the Group to Members of the Executive Committee (including that paid to the Chief Executive Officer) present on December 31, 2021 amounted to €8.1 million for a total of 8 members (excluding charges and including variable components – short-term plans – of €3.5 million, partly calculated on the basis of the 2020 Group financial results). In 2020, the total compensation paid by the Company and/or companies of the Group to Members of the Executive Committee (including that paid to the Chief Executive Officer) present on
TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021 142
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