technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS SPECIFIC OPERATIONS IMPACTING THE CONSOLIDATED STATEMENT OF CASH FLOWS

Cash impact of debt repricing and financing operations 11.2

2019

2018

(€ in million)

Proceeds from non-current borrowings

- - - 1

- - - -

Reimbursement of non-current borrowings to debt holders Cash impact of non-current borrowings variation

Proceeds from current borrowings

Reimbursement of current borrowings to debt holders (1) Cash impact of current borrowings variation Disposal of treasury shares (net of fees paid) (2)

(97) (96)

(122) (122)

1

-

Fees paid for debt (3)

(1)

(3)

TOTAL CASH IMPACT OF REFINANCING AND SHARE CAPITAL OPERATIONS

(96)

(125)

2019, €91 million related to repayments of lease debts and €2 million related to 2018 Term Loan Debt. (1) In 2018, €90 million related to the EIB loan were repaid and €3 million related to 2018 Term Loan Debt. In 2019, Technicolor sold treasury shares for consideration of €1 million. (2) Fees paid directly linked to the Group’s debt have been recorded as financing cash flows: (3) In 2019, it includes mainly fees related to the Group’s credit lines for €1 million. In 2018, it includes €4 million for the new Term Loan Debt issued in March 2018, €1 million for the Term Loan Debt done in December 2016, and €2 million for revolving credit facility fees.

The tables below show the Group’s borrowing variation in the Balance Sheet:

Non cash variation

Cash impact of borrowing variation (1)

Transfer Current – Non current

IFRS discount of debts

Currency Translation Adjustments

December 31, 2019

IFRS 16 adoption

December 31, 2018

New leases

Other movements

(in million euros)

Non current borrowing

1,004

(3)

(27) (14) (41)

- - -

5

- - -

- - -

-

979

Current borrowing

20

-

-

2 2

8

TOTAL BORROWING Non current lease laibilities Current lease liabilities TOTAL LEASE LIABILITIES

1,024

(3)

5

987 224

- - -

(68) (26) (94)

331

24

20

8

(91)

- - -

14

8

-

-

91

87

345

32

20

8

-

311

In 2019, €2 million are related to cash flows from discountinued activities. (1)

Non cash variation

6

Cash impact of borrowing variation

IFRS discount of Term Loan Debt

Transfer Current – Non current

Capital leases recognition

Currency Translation Adjustments

December 31, 2017

Other movements

December 31, 2018

(in million euros)

Non current borrowing

1,077

-

21 10 31

(10) (14) (24)

11

(92)

(3)

1,004

Current borrowing

20 (93)

1

92

4

20

TOTAL BORROWING

1,097

(93)

12

-

1

1,024

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 255