technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS GENERAL INFORMATION

IFRS 16 impacts on financial statements as of December 31, 2019 The weighted average marginal borrowing rate is 6.6% at December 31, 2019. The weighted average maturity of the rental debt repayment is 3.9 years.

PROFIT & LOSS COMPARATIVE TABLE AS OF DECEMBER 31, 2019, WITH ANDWITHOUT IFRS 16 APPLICATION

December 2019 excluding IFRS 16

IFRS 16

December 2019

(in million euros)

CONTINUING OPERATIONS Revenues

3,800 (3,375)

3,800 (3,381)

-

Cost of sales Gross margin

6 6

425

419

Selling and administrative expenses Research and development expenses

(323) (114)

(323) (114)

- -

Restructuring costs

(31) (63) (15)

(31) (61) (17)

(1) (1)

Net impairment gains (losses) on non-current operating assets

Other income (expense)

2

Earnings before Interest & Tax (EBIT) from continuing operations

(121)

(127)

6

Interest income Interest expense

1

1

-

(70) (15) (84)

(50) (15) (64)

(20)

Other financial income (expense) Net financial income (expense) Share of gain (loss) from associates

-

(20)

(1) (3)

(1)

- -

Income tax

(4)

Profit (loss) from continuing operations DISCONTINUED OPERATIONS Net gain (loss) from discontinued operations

(208)

(195)

(13)

(22)

(21)

-

Net income (loss)

(230)

(217)

(13)

Attribuable to: equity holders of the parent • non-controlling interest •

(230)

(217)

(13)

-

-

-

6

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 207