Universal Registration Document 2021

DISCLOSURE ON EXTRA-FINANCIAL PERFORMANCE HUMAN CAPITAL

Business transformation and social dialogue 5.2.4

[103-1 Labor/Management relations] [103-2 Labor/Management relations] [103-3 Labor/Management relations] [103-1 Freedom of association and collective bargaining] [103-2 Freedom of association and collective bargaining] [103-3 Freedom of association and collective bargaining]

TRANSFORMATION PLANS [404-2] [413-2]

The worldwide reorganization of the Global Business Services function (finance shared services) during 2021 between Mexico, Poland and India required remote hiring due to the pandemic, a retention program, the transfer of employees, a transfer of knowledge program and also intercultural and cross-communication training to facilitate joint working.

Due to the continuous changes in the Media & Entertainment industry and its associated Technicolor business divisions, Technicolor divested several domains in recent years to external parties. When such sale of the impacted activities was not achievable, the Group committed significant resources and support, according to its existing policies, in order to mitigate the impact for the concerned stakeholders. Several activities of the Group are subject to fast-changing competitive environments requiring regular adaptation of their organization and of the production tools. A worldwide transformation plan of the Connected Home segment was launched in 2019 to globally adapt this activity and to respond to the drastic industry and market changes, and it was completed in 2021. During Its implementation in France and in Belgium a dialog was engaged with the employees’ representatives about the transformation plan and its accompanying measures to minimize the impact on the employees, and agreements were signed. The DVD Services Division strives to anticipate the evolution of the DVD markets and to optimize progressively its operational footprint. During 2021, two distribution sites in North America were closed to optimize the remaining operations among sites located in this region (see section 1.2.3).

LABOR RELATIONS [102-41]

Local labor relations with Technicolor employees are the responsibility of site managers in each country, by legal entity, with the support of local Human Resources Departments. With respect to its European operations, Technicolor entered into a labor agreement with the European council of employee representatives (the “European Council”) confirming the Group’s labor practices. This council, which meets several times each year, comprises union representatives or Members of local Works Councils in European countries. European Work council management is the responsibility of the Group People & Talent Officer. Recognizing business division specifics, market conditions and country regulations, there is no unified approach at the Group Level but a central guidance and monitoring to ensure peaceful social climate. An annual review is done at the Group Level to ensure all newly signed agreements are captured and registered.

5

The European Works Council is composed of:

Number of European Works Council seats

Country

France Poland

3

1

United Kingdom

3*

Of whose 2 must be reappointed following Post production business divestment from the Group. * Technicolor’s European Works Council is a supranational body, the purpose of which is to address topics of a transnational nature. The European Works Council is informed of Technicolor’s European operations in respect of personnel, finance, production, sales, and research and development, and their impact upon employment and working conditions. It is also informed of major structural, industrial and commercial changes as well as organizational transformations within the Group. It met three times in 2021. In accordance with applicable law in the European Union, Technicolor’s managers of each European country meet annually with labor organizations to discuss remuneration and working conditions.

In accordance with domestic laws, data regarding the level of unionization is not available in most European countries (the laws in these countries do not allow this type of statistics to be published). In 2021, Technicolor entered into 24 collective bargaining agreements: 2 in Australia, 2 in Belgium, 6 in Brazil, 12 in France, 2 in Mexico. In several countries, collective bargaining agreements are negotiated on a multiannual basis (three years or more), and therefore agreements may not have to be renewed in 2021 in certain countries, due to this calendar.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021