technicolor - 2020 Universal Registration Document

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OPERATING AND FINANCIAL REVIEW AND PROSPECTS

2.1 2.2

2.3 2.3.1 2.3.2 2.3.3 2.4 2.5

SUMMARY OF RESULTS

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LIQUIDITY AND CAPITAL RESOURCES

Overview Cash flow

41 42 43 44

RESULTS OF OPERATIONS FOR 2019 AND 2020

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Financial resources

Analysis of revenues from continuing operations

2.2.1 2.2.2

SUBSEQUENT EVENTS

Analysis of Adjusted EBITDA and Adjusted EBITA

37

INFORMATION ON COVID-19

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Analysis of operating expenses and profit (loss) from continuing operations before tax and net financial expense

2.2.3

38 38 39 39 39 39 39

Net financial expense

2.2.4 2.2.5 2.2.6 2.2.7 2.2.8 2.2.9

Income tax

Profit (loss) from continuing operations Profit (loss) from discontinued operations

Net income (loss) of the Group

Adjusted indicators

2020 ADJUSTED EBITDA FROM CONTINUING OPERATIONS Production Services €18 million Connected Home €110 million DVD Services €54 million Corporate & Other €(14) million

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020