technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 11 - Specific operations impacting the consolidated statement of cash-flows

Specific operations impacting the consolidated statement

NOTE 11

of cash-flows

GRI [102-10] [102-49]

Acquisitions and disposals of subsidiaries & investments 11.1 The details for the acquisition of subsidiaries and investments, net of cash position of companies acquired, are as below:

2020

2019

(in million euros)

LG

-

(2) (1) (3)

Other earn-out payments Acquisition of investments

(3) (3)

Less cash position of companies acquired ACQUISITION OF INVESTMENTS, NET

-

-

(3)

(3)

The details for the disposal of subsidiaries and activities, net of cash position of companies disposed off, are as below:

2020

2019

(in million euros)

Digital Cinema activity (1)

8

3

Others

-

(2)

Disposal of investments

8

1

Less cash position of companies disposed off DISPOSAL OF INVESTMENTS, NET

(1)

-

7

1

Activity transferred to Deluxe in 2015, with annual earnout payments ending in 2020. (1)

Cash impact of debt repricing and financing operations 11.2

2020

2019

(in million euros)

- - -

- - - 1

Proceeds from non-current borrowings

Reimbursement of non-current borrowings to debt holders Cash impact of non-current borrowings variation

Proceeds from current borrowings (1)

760

Reimbursement of current borrowings to debt holders (2) Cash impact of current borrowings variation

(243)

(97) (96)

517

-

1 -

Disposal of treasury shares (net of fees paid) (3)

Increase in capital (4)

60

Fees paid in relation to financing operations (5)

(60)

(1)

TOTAL CASH IMPACT OF REFINANCING AND SHARE CAPITAL OPERATIONS (96) In 2020, proceeds from borrowings include €416 million related to French and U.S. New Money, €250 million related to RCF and €93 million related to Bridge loan. (1) In 2020, €85 million related to repayments of lease debts and €158 million related to Term Loan Debt and Bridge loan. (2) In 2019, €91 million related to repayments of lease debts and €2 million related to 2018 Term Loan Debt. 517

In 2019, Technicolor sold treasury shares for consideration of €1 million. (3) In 2020, Technicolor increased its capital as part of financial restructuring. (4) Fees paid directly linked to the Group’s debt have been recorded as financing cash flows: (5) in 2020, it includes mainly fees related Group financial restructuring; • in 2019, it includes mainly fees related to the Group’s credit lines for €1 million. •

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