technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 3 - Information on operations

Year ended December 31, 2019

Production Services

Connected

Corporate & Other

Home DVD Services

Total

(in million euros)

Statement of operations items Revenues

893

1,983

882

43

3,800

Intersegment sales

-

-

-

-

-

Earning before Interest & Tax (EBIT) from continuing operations Of which: Amortization of purchase accounting items

3

(24)

(94)

(6)

(121)

(8)

(36)

(10)

-

(54)

Net impairment losses on non-current operating assets

(2)

(1)

(60)

-

(63) (31) (15)

Restructuring costs

(12)

(10)

(7)

(2) (1) (2)

Other income (expenses)

(2) 28

(1) 23

(10)

Adjusted EBITA

(6)

42

Of which: Depreciation & amortization

(105)

(72)

(87)

(3)

(267)

IT capacity use for rendering in Production Services

(31)

-

- -

- -

(31)

Other non-cash items (1)

-

16

16

Adjusted EBITDA

164

79

81

1

324

Statements of financial position items Segment assets

685

1,327

710

277

2,999

Unallocated assets

211

Total consolidated assets

3,210 1,804 1,370 3,173

Segment liabilities Unallocated liabilities

232

904

253

415

Total consolidated liabilities

Other information Net capital expenditures

(62)

(68)

(36)

(3)

(169)

Capital employed

411

43

187

212

853

Mainly variation of provisions for risks, litigations and warranties. (1)

The following comments are applicable to the two tables above: the caption “Adjusted EBITDA” corresponds to the profit (loss) from • continuing operations before tax and net financial income (expense), net of other income (expense), depreciation and amortization (including impact of provision for risks, litigation and warranties); the caption “Adjusted EBITA” corresponds to the profit (loss) from • continuing operations before tax and net financial income (expense), net of other income (expense) and amortization of purchase accounting items; the captions “Total segment assets” and “Total segment liabilities” • include all operating assets and liabilities used by a segment; the caption “Unallocated assets” includes mainly financial assets, • deferred and income tax assets, cash and cash equivalents and assets classified as held for sale;

the caption “Unallocated liabilities” includes mainly the financial debt, • deferred and income tax liabilities and liabilities classified as held for sale; the caption “Net capital expenditures” includes cash used related to • tangible and intangible capital expenditures, net of cash received from tangible and intangible asset disposals; the caption “Capital employed” is defined as being the aggregate • of both net tangible and intangible assets (excluding goodwill), operating working capital and other current assets and liabilities (except for provisions including those related to employee benefits, income tax, payables on acquisition of companies and payables to suppliers of PPE and intangible assets).

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020