technicolor - 2020 Universal Registration Document

PRESENTATION OF THE GROUP OVERVIEW AND HISTORICAL BACKGROUND

OVERVIEW AND HISTORICAL BACKGROUND 1.1 Overview 1.1.1 GRI [102-2] [102-7] [102-15]

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As worldwide leader in the Media & Entertainment (“M&E”) sector, Technicolor operates through three significant operating businesses: in Production Services, Technicolor is a leading provider of services to • content creators, including Visual Effects/Animation and video Post Production Services (“Production Services”); in Connected Home, Technicolor at the front of the design and supply • of solutions enabling the delivery of digital video entertainment, data, voice and Smart Home services to Pay-TV operators and Network Service Providers including broadband modems and gateway, digital set-top box, and other connected devices (“Connected Home”); in DVD Services, Technicolor is the leader in replication, packaging • and distribution of CD, DVD, Blu-ray™ discs and UHD (“DVD Services”). In January 2021, in order to focus on VFX and animation for the entertainment industry, and creative services and technologies for the advertising industry, the Group announced the sale of the Technicolor Post Production business for €30 million to Streamland Media. Subject to customary closing conditions, the transaction is expected to close during the first half of 2021.

Unallocated Corporate functions and all other unallocated activities, including Trademark Licensing activities, are presented within the segment “Corporate & Other”. For more information, please refer to section 1.2: “Organization and Business Overview” of this Chapter. In 2020, the Group successfully accomplished the required steps to implement a financial restructuring plan, which met the Company’s objectives of obtaining new financing in an amount of €420 million, addressing the liquidity needs of the Group and deleveraging the Company’s balance sheet, through the equitization of €660 million of its Term Loan B and Revolving Credit Facility. In the fiscal year 2020, Technicolor generated consolidated revenues from continuing operations of €3,006 million. As of December 31, 2020, the Group had 13,289 employees in 25 countries. Technicolor is publicly listed on the Euronext Paris Exchange (TCH) with a market capitalization of €428.9 million as of December 31, 2020 and is traded in the USA on the OTCQX marketplace (OTC: TCLRY).

WORKFORCE BREAKDOWN AS OF DECEMBER 31, 2020 *

5,392 CREATIVES

1,417 CREATIVE TECH SUPPORT

3,937 OPERATIONALS

755 RESEARCHERS & ENGINEERS

1,788 OTHERS

* Including 260 intermittents.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020