technicolor - 2020 Universal Registration Document

1 PRESENTATION OF THE GROUP ORGANIZATION AND BUSINESS OVERVIEW

ORGANIZATION AND BUSINESS OVERVIEW 1.2 GRI [102-2]

Production Services 1.2.1

GRI [102-2] [102-6] [103-1 Market presence] [103-2 Market presence] [103-3 Market presence]

BUSINESS OVERVIEW Technicolor offers award-winning Visual Effects (“VFX”), Animation and Post Production services for feature films, episodic series, advertising, video games and other audiovisual content. The Group’s VFX studios offer pre-visualization, asset creation, texturing, animation, rigging, rotoscoping, lighting, match move and compositing. Technicolor’s Animation businesses offer solutions for the creation of high-quality Computer Generated Imagery (“CGI” or “CG”) Animation. Through its Post Production Services activities, Technicolor supports its clients from camera capture on the production set through creation of final distribution masters, including on-set services, color correction, and VFX integration. The division works primarily on an individual project basis and builds teams and workflows around key creative and production talent. Production Services also builds dedicated teams and spaces for clients who desire guaranteed capacity and talent across multiple projects. Subsequent to the close of the 2020 fiscal year, the Group agreed to sell the Post Production services business to Streamland Media. MANAGEMENT AND STRATEGIC CHANGE To continue pushing the boundaries of what entertainment can be and the Group’s transformation, Technicolor announced in the third quarter of 2020, the appointment of Christian Roberton as President of the Production Services Business Division. He has successfully built one of the largest and most effective VFX businesses in the world. His division has won multiple accolades over the years, including several Academy Awards, while growing sales from c. €50 million up to almost €900 million. His focus on technology and creativity, combined with cost efficiency, rigorous management and client focus will drive Production Services to operate as a client-focused, technology-driven and profitable global studio. Building upon the successes of Advertising and Animation & Games, his mission is to drive their respective growth and margin enhancement by cross fertilizing all Production Services creative and production knowledge, and by adapting our client servicing to the post-Covid-19 era, marked by an increased need for technological solutions and “digital production expertise”.

The business organization will be as follows: Film & Episodic VFX will continue to be led by Christian Roberton, • on an acting basis; Advertising will be led by David Patton; • Animation & Games will be led by Greg Mandel, also on an acting basis; • Josh Mandel has become CEO of The Mill; • Andrea Miloro recently joined the Group to lead the Mikros • Animation brand; Post Production will be led by Sherri Potter (Technicolor announced • on January 14, 2021 the disposal of its Post Production business and closing is expected during the first half of 2021); and Nathan Wappet, as Production Services COO, will lead Technology • and Operations. The main objectives assigned to this team are: defining an ambitious strategy for Production Services to become • the worldwide leader in each of its activities; developing our portfolio of brands; • enhancing our cutting-edge technologies; and • streamlining operations to drive profitability and cash generation. • ORGANIZATION Production Services is organized under four primary service lines – Film & Episodic VFX, Advertising, Animation & Games, and Post Production – to foster deeper collaboration and synergies among complementary brands within each service line. This also reinforces the division’s drive towards innovation, as this structure positions Technicolor to lead future technological developments across its primary market segments. Covid-19 is accelerating transformation in the entertainment industry, with the theatrical market being re-imagined under new models and the major studios continuing to delay the releases of several tentpole franchise films or releasing theatrically day-and-date with their streaming platforms as in the case of Wonder Woman 1984 on HBO Max. In response, Technicolor has taken action to align to the changing needs of the industry and its creative partners, including the consolidation of Mill Film into Mr. X and the expansion of MPC Episodic in London and Berlin.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020