technicolor - 2020 Universal Registration Document

4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

Gross amounts Comments

ANNUAL VARIABLE COMPENSATION

€863,835 Extra-financial objectives (accounting together for 40% of the amount of the target bonus):

10% depending upon the successful completion of the capital increase authorized by • the Shareholders’ Meeting on March 23, 2020 in its 5 th resolution; this objective has been adjusted by the Board of Directors on July 30, 2020, as explained below (1) , and consists in 10% depending upon the successful completion of the capital increases authorized by the Shareholders’ Meeting on July 22, 2020; 10% depending upon a strategic objective involving to provide the Board options for delivering • against the Group strategy and demonstrate continued tactical progress ( i.e. aligned to long-term plans) for each of the 3 businesses; 10% depending upon an objective relating to Talent management to ensure that the transformation • is driven through (strengthen and renew the leadership team, reorganize and simplify Group structure, inspire and motivate the workforce (People survey), retain key talents, present talent and succession planning action plan); 10% depending upon an objective of promotion of diversity across the organization. • The financial objectives are the performance indicators set out by the Group in its financial communication. They are also those used for determining the variable compensation of all Group employees who receive this type of compensation. Achievement of the 2020 performance objectives: On March 11, 2021, the Board of Directors reviewed the performance of Mr. Richard Moat for 2020 (2) . Financial objectives (accounting for 60% of the amount of the target bonus): as the consolidated adjusted EBITA amounted to €(55.7) million, the consolidated adjusted EBITA • objective set at €(58) million was achieved with a grade of 1.015 (on a scale of 0 to 1.5); as the consolidated Operating Cash Flow amounted to €15.8 million, the consolidated Free Cash • Flow objective set at €6 million was achieved with a grade of 1.06 (on a scale of 0 to 1.5); Extra-financial objectives (accounting together for 40% of the amount of the target bonus) : With regard to the extra-financial objectives, the Board acknowledged, inter alia , the following deliverables: the formal presentation of a 3-year strategy plan to the board including the post production service • line divestiture which is in course of being completed; the formal presentation to the Nominations & Governance Committee of a talent review & • succession plan for key executives; the improvment of the equal pay global index year-over-year. • The Board of Directors therefore assessed as follows the achievment of the extra-financial objectives: the criterion related to the successful completion of the capital increase was 1.5, • the criterion related to provide the Board options for delivering against the Group strategy and • Thus, the extra-financial objectives were completed with a grade of 1.15 (on a scale of 0 to 1.5). The overall achievement rate of Mr. Moat’s objectives for 2020 is thus 108.25% and his variable compensation amounts to €863,835. Payment to the CEO of the variable compensation is subject to approval by the shareholders at the Annual General Meeting to be held to approve the financial statements for the year ending December 31, 2020 of his compensation package, in accordance with Article L. 22-10-34 II of the French Commercial Code. It is reminded that an amount of €124,133 was paid in 2020 to Mr. Richard Moat for his variable compensation due for the fiscal year 2019 after its approval by the Shareholders’ Meeting on June 30, 2020 (see p. 124 of the 2019 Registration Document). demonstrate continued tactical progress was 1.1, the criterion related to Talent management was 1, • the criterion related to diversity was 1. •

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020