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. Technicolor SA is the holding company of the Group and manages the cash of the Group’s subsidiaries. These notes are an integral part of these annual financial statements. They contain additional information relating to the statements of financial position and of operations and give a true and fair view of the Company’s assets, financial position and results. Information which is not mandatory is disclosed only if material. Main events of the year 1.1 APPOINTMENT OF 5 NEW BOARD MEMBERS

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. this context, the Company has supplemented information in the notes relating to hedging transactions (see notes 9.4 and 12.4). The impact of this regulation on the Company’s balance sheet and income statement is not significant. These financial statements are presented in euro, the functional currency of Technicolor SA and have been rounded to the nearest million. 1.2.2 The process of drawing up the parent company financial statements involves using certain estimates and assumptions to calculate the figures presented in the Statements of Financial Position and of Operations. The Company periodically reviews its valuations and estimates based on its past experience and various other factors considered reasonable and relevant for the determination of the fair estimates of the assets and liabilities’ carrying value and of the revenues and expenses. The actual results could significantly differ from these estimates depending on different conditions and assumptions. USE OF ESTIMATES

Considering recent changes to the Company’s businesses, the Board proposed the appointment of 5 new Directors at the Shareholders’ Meeting on June 14, 2019: Ms. Anne Bouverot, Mr. Xavier Cauchois, Mr. Dominique D’Hinnin, Ms. Christine Laurens and Mr. Brian Sullivan. Following these 5 appointments at the Shareholders’ Meeting, the Board of Directors appointed Ms. Anne Bouverot as Chairperson of the Board of Directors.

Accounting Policies BASIS OF PREPARATION 1.2.1 The annual financial statements are drawn up according to the accounting standards defined by the French General Chart of Accounts ( Plan Comptable Général ) and the French Commercial Code. The guidelines and recommendations of the Autorité des normes comptables , the Ordre des Experts Comptables and the Compagnie Nationale des Commissaires aux Comptes are also applied. The financial statements were approved by the Board of Directors of Technicolor SA on February 18, 2020. According to French law, the financial statements will be considered as definitive when approved by Company’s shareholders at the Ordinary Shareholders’ Meeting, which should take place in April 30, 2020. The methods used to prepare the 2019 accounts remain unchanged compared to previous year. The Company applies the provisions of the ANC 2015-05 regulation, approved by decree on December 28, 2015. This regulation, mandatory from January 1, 2017, aims to specify the accounting treatments of forward financial instruments and hedging operations. In 1.2

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019