technicolor - 2020 Universal Registration Document
4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION
CHIEF EXECUTIVE OFFICER
Financial year
2016
2017 (25)%
2018 (53)%
2019
2020
Evolution (%) of the compensation of the Chief Executive Officer Perimeter: Technicolor SA ( full-time equivalent employees ) Evolution (%) of the average compensation
92%
(5)%
28%
17%
(6)% 25.6
(9)%
(1)% 12.6 (4)% 17.2 (5)%
13% 14.3 13% 20.4
Ratio - average compensation
32.0 64% 50.4 82%
13.1
N/N-1 change in %
(20)%
(49)%
Ratio - median compensation
37.8
18.2
N/N-1 change in %
(25)%
(52)%
19%
Perimeter: France ( full-time equivalent employees ) Evolution (%) of the average compensation
2%
(1)% 39.9
(5)% 19.5
5%
2%
Ratio - average compensation
52.6 88% 68.6 91%
17.7
22.2 26% 27.3 22%
N/N-1 change in %
(24)%
(51)%
(9)% 22.3 (6)%
Ratio - median compensation
50.6
23.7
N/N-1 change in %
(26)%
(53)%
TECHNICOLOR’S PERFORMANCE
Fiscal year
2016
2017
2018
2019
2020
Adjusted EBITDA* – in M€
565
341
266
246 (8)%
99
N/N-1 change in %
0%
(40)%
(22)%
(60)% (207)
Net result (Group share) – in M€
(26)
(173)
(67)
(230)
N/N-1 change in %
(117)% (562)%
60% (238)%
10%
Adjusted EBITDA is before IFRS 16. For 2016, it still includes Patent Licensing and Research & Innovation activities. *
Executive Committee compensation 4.2.3 GRI [102-35]
EXECUTIVE COMMITTEE 4.2.3.1 COMPENSATION
a variable component of €2.7 million partly calculated on the basis of the 2018 Group financial results). The total amount provided for pensions and retirement and other similar benefits granted to the Members of the Executive Committee amounted to €40 thousand in 2020. LOANS AND GUARANTEES GRANTED 4.2.3.2 OR ESTABLISHED FOR THE MEMBERS OF THE EXECUTIVE COMMITTEE None.
In 2020, the total compensation paid by the Company and/or companies of the Group to Members of the Executive Committee (including that paid to the Chief Executive Officer) present on December 31, 2020 amounted to €8.2 million for a total of 12 members (excluding charges and including variable components – short-term plans – of €3.2 million, partly calculated on the basis of the 2019 Group financial results). In 2019, the total compensation paid by the Company and/or other companies of the Group to the Members of the Executive Committee, including the CEO, was €8.2 million (excluding charges and including
138
TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020
Made with FlippingBook Ebook Creator