technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS GENERAL INFORMATION

General information

NOTE 1

Technicolor is a leader in Media & Entertainment Services, developing, creating and delivering immersive augmented digital life experiences. Please refer to note 3.1 for details on Group’s operating segments. In these consolidated financial statements, the terms “Technicolor group”, “the Group” and “Technicolor” mean Technicolor SA together with its consolidated subsidiaries. Technicolor SA or the “Company” refers to the Technicolor group parent company. Main events of the year 1.1 GRI [102-10] [102-49]

APPOINTMENT OF RICHARD MOAT AS CHIEF EXECUTIVE OFFICER OF THE GROUP At its meeting of November 5, 2019, the Board of Directors of Technicolor has appointed Richard Moat as Chief Executive Officer in replacement of Frédéric Rose. Richard Moat has successfully led business transformations in the telecoms and media industries. Mr. Moat has also been appointed by the Board of Directors as Director of Technicolor in replacement of Mr. Rose, who resigned from his position as Board member. Richard Moat is based in Paris.

PATENT LICENSING AND RESEARCH & INNOVATION BUSINESSES On July 30, 2018, the Group concluded the sale to InterDigital of its Patent Licensing business excluding some mobile patents, a small number of patents for nascent technologies and some patents associated with patents pools, for a total price of €188 million (see note 2.3). On May 31, 2019, the Group concluded the transfer of its Research & Innovation activity to InterDigital (see note 2.2).

Accounting policies

1.2

GRI [102-48]

BASIS FOR PREPARATION 1.2.1 These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) effective as of December 31, 2019 and adopted by the European Union as of February 18, 2020. The standards approved by the European Union are available on the following website: https://ec.europa.eu/info/publications/eu-accounting-rules_en Technicolor financial statements are presented in euro and has been rounded to the nearest million. This may in certain circumstances lead to non-material differences so that the sum of the figures equals the sub-totals that appear in the tables.

The consolidated financial statements were approved by the Board of Directors of Technicolor SA on February 18, 2020. According to French law, the consolidated financial statements will be considered as definitive when approved by the Company’s shareholders at the Ordinary Shareholders’ Meeting, which should take place in April 30, 2020. The accounting policies applied by the Group are consistent with those followed last year except for standards, amendments and interpretations which have been applied for the first time in 2019 (see note 1.2.2.1. hereunder).

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