technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS FINANCIAL ASSETS

Subsidiaries and investments at December 31, 2019

7.3

Gross advances, loans and current accounts

Equity after allocation of results

Holding percentage (%)

Holding Number of shares

Revenues of the year

Gross value Net value

Net income

(in million euros, except number of shares) Affiliates (more than 50% holding percentage) Technicolor USA, Inc. (1)

100.00%

1,005 5,217

368 152

368 2,088 (107)

17

Thomson Licensing SAS (1)(2)

100.00% 2,800,000 2,444

152 264 315

26

35

66

Gallo 8 SAS (1)

100.00% 28,000,000 940 264

414 (49)

-

Technicolor Delivery Technologies SAS (1)(3) Sté Fr.d’Invest.et d’Arbitrage – Sofia SA (1)

98.68% 15,393,360 973

315

942

(33)

4

100.00% 3,017,994 87.74% 47,801 100.00% 4,630,001 100.00% 13,616,129

543 418 289 214

46

46 65

3

5 8

-

Technicolor Canada, Inc. (2)(5) Thomson Angers SAS (4)

418

484

69

-

-

-

-

- -

Technicolor Trademark Management SAS

214

267

3

2

Thomson Multimedia Distribution (Netherlands) BV

100.00%

500

187

1

1

3

-

1

Technicolor Brasil Midia E Entretenimento LTDA The Moving Picture Company Ltd (2) Thomson Consumer Electronics (Bermuda) Ltd Technicolor Mexicana, S. de R.L. de C.V. Technicolor Asia Pacific Holdings Pte Ltd

100.00% 34,589,668

100

92

151 39

160 155

21

- - - - - -

100.00%

200 100 100

(7)

Technicolor Entertainment Services Spain SA 100.00% 120,000

66

-

-

1

-

100.00% 1,000 100.00% 250,000 100.00% 37,948,000 100.00% 2,800,000 100.00% 1,668,025 100.00% 17,020,409 100.00% 250,000 100.00% 1,000,000 100.00% 2,466 100.00% 6,000

66 58 37 25 25

22 58 37

22 63 58

- -

(4)

4 6

97 31

Mikros Image SAS (1)

1

1

(13)

10

RCA Trademark Management SAS Technicolor Animation Productions SAS

25 18

37 18

-

2

-

21

11

(2)

5

Technicolor Export de Mexico, S. de R.L. de C.V. Technicolor Hong Kong Ltd Thomson Sales Europe SAS (1) Technicolor Milan S.r.l. Thomson Purchasing and Liaison Company N.V. Investments (between 10% and 50% holding percentage) TechFund Capital Europe FCPR Total affiliates

14

14

16

- - - 1

(1)

- - - -

7 6 2

- 1 -

- 1 -

-

(1)

-

100.00% 1,000

2

1

-

-

-

-

N/A

N/A 11,754 2,147

N/A N/A N/A 172

6

19.80%

500 N/A N/A

-

- 1 1

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Other

N/A N/A N/A

16 16

Total investments

TOTAL

N/A 11,770 2,148 N/A N/A N/A N/A

N/A: Not applicable When shares are those of a consolidated Technicolor sub-group, the figures correspond to the sub-group, except for the gross advances, loans and current accounts. (1) Net value based on Discounted Cash Flow adjusted with available cash. (2) The 1.32% other shares are held by Sofia SA. (3) Thomson Angers is in the process of being liquidated. (4) The 12.26% other shares are held by Technicolor Delivery Technologies SAS. (5) In order to simplify the structure of the Group, Technicolor SA has merged with its 100% owned subsidiary, Technicolor Home Entertainment Services of America SAS with retroactive effect as from January 1, 2019. The merger based on the net book value, has produced a goodwill of €46 million which has been fully allocated to the shares owned by the subsidiary: Technicolor Mexicana, S. de R.L. de C.V. and Technicolor Export de Mexico, S. de R.L. de C.V.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 277