Universal Registration Document 2021

PRESENTATION OF THE GROUP ORGANIZATION AND BUSINESS OVERVIEW

DVD Services 1.2.3

[102-2] [102-6] [103-1 Market presence] [103-2 Market presence] [103-3 Market presence]

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BUSINESS OVERVIEW Technicolor DVD Services is the worldwide leader in replication, packaging and supply chain solutions for packaged media and related products serving global content producers across film, television, games and music. The division provides turnkey integrated supply-chain solutions including mastering, replication, packaging, direct-to-retail and direct-to-consumer distribution of both new releases and catalog products, returns handling and freight management, as well as procurement and selected other inventory management and related services. The DVD business of DVD Services has established deeply integrated customer relationships and a highly scalable, optimized low-cost operational platform. The division is increasingly focused on diversifying its customer base outside of Media & Entertainment, leveraging its manufacturing and supply chain capabilities for other markets and applications. Technicolor DVD Services runs strategically positioned key manufacturing facilities in Guadalajara (Mexico) and Piaseczno (Poland), while associated supply chain services ( e.g. , packaging and distribution) in the United States, Europe and Australia are supported by a multi-region/multi-site facility platform. In the U.S., the Group operates primarily from its Memphis and Nashville (Tennessee) facilities, while disc manufacturing is performed from its Guadalajara facility, and from its growing packaging and distribution platform in Mexicali (Mexico), located on the U.S. border. All Technicolor facilities and supply chain operations employ rigorous security processes to help ensure against piracy and other data loss of our customer’s valuable Intellectual Property. Technicolor DVD Services believes it has the most efficient cost base in the packaged media industry, and the division continuously seeks to implement further operational and productivity improvements, including the ability to adjust to the heavily seasonal nature of the packaged media industry via the use of temporary labor, automation and other flexible cost strategies. The division continues to actively diversify its business outside of packaged media, offering end-to-end supply chain solutions, comprising distribution, fulfillment, freight-brokerage and transportation management services, for both business-to-business and direct-to-consumer clients across a variety of segments, including consumer electronics, music and merchandising, apparel, food and beverage, educational materials, and gift cards. Furthermore, the division is accelerating development of non-disc related manufacturing business, including production of polymer-based microfluidic devices for use in medical diagnostic and life science applications, leveraging the Group's existing expertise in precision polymer and plastic moulding, milling and clean-room manufacturing capabilities. Recent investments in vinyl record production capability

leverages DVD Services’ core “wheelhouse” capabilities, underpinning its entrance in 2022 into this growing and capacity-constrained segment of the global music industry. David Holliday, President of the DVD Services Business Division, has been tasked with further in-depth transformation and revenue growth sources of the business. Enjoying strong business relationships with all the major Studios, the DVD Services team continues its acceleration of the DVD Services transformation with on-going cost optimization, enhancements of internal processes and a disciplined approach to contract negotiations. Four significant facility closures (mainly in North America) were completed in 2021 as part of the ongoing transformation plan. INDUSTRY TRENDS AND MARKET POSITION While at an industry level global shipments of packaged media products have declined in recent years and are expected to continue to decline, Technicolor believes it is well positioned to outperform overall market trends, driven by increased penetration, and strong relations with existing customers and the addition of new customers. The package media business remains a large and profitable revenue source for content creators, and Technicolor believes there will be continuing significant consumer demand for physical ownership of content. Given a highly variable cost structure, activity optimization, automation, and cost reductions, as well as its encouraging ongoing revenue diversification efforts, Technicolor expects DVD Services to maintain profitability in this maturing market environment. As a global market leader, Technicolor’s key customers include major Hollywood studios such as Studio Distribution Services (“SDS”, the newly formed joint venture between Warner Bros and Universal), The Walt Disney Company, Sony, Fox, Lionsgate, and Paramount, as well as independent film studios, software and games publishers, and major music publishers. Most major customers are covered by multi-year contracts, which typically contain volume exclusivity and/or time commitments. Major client relationships typically consist of multiple contractual arrangements for specific types of services within specific geographical areas. Technicolor’s remaining key competitors in the DVD market include Arvato and Sony, both of which now have the majority of their activity concentrated in the European market. DVD Services continued to progress its previously announced structural division-wide initiatives to adapt distribution and replication operations and related customer contract agreements in response to continued volume reductions. Multiple successful contract renegotiations were completed from 2019-2021, and similar efforts with other customers will occur in line with contract expirations.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021