technicolor - 2019 Universal registration document

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OPERATING AND FINANCIAL REVIEW AND PROSPECTS

2.1 2.2

2.3 2.3.1 2.3.2 2.3.3 2.4 2.5

SUMMARY OF RESULTS

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LIQUIDITY AND CAPITAL RESOURCES

Overview Cash flow

40 41 42 43

RESULTS OF OPERATIONS FOR 2018

AND 2019

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Financial resources

Analysis of revenues from continuing operations Analysis of Adjusted EBITDA and Adjusted Analysis of operating expenses and profit (loss) from continuing operations before tax and net financial expense EBITA

2.2.1 2.2.2

SUBSEQUENT EVENTS

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INFORMATION ON COVID-19

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2.2.3

36 37 37 37 37 38 38

Net financial expense

2.2.4 2.2.5 2.2.6 2.2.7 2.2.8 2.2.9

Income tax

Profit (loss) from continuing operations Profit (loss) from discontinued operations

Net income (loss) of the Group

Adjusted indicators

2019 ADJUSTED EBITDA FROM CONTINUING OPERATIONS Production Services €132 million DVD Services €46 million Connected Home €69 million Corporate & Other €(1) million

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019