technicolor - 2018 Registration document

GLOSSARY

L LIBOR/EURIBOR : main benchmarks interest rate on the money market. They are used as a reference for various contracts and particularly for business credit. Long-Term Incentive Plan (LTIP) : compensation granted to companies’ executives, based on their long-term performance. This plan can be spread over several years, and to obtain this compensation, the executive officer shall meet the criteria set out in the plan. He may not receive anything if he does not achieve any of the objectives mentioned above. M Mastering : it is the process of transferring one or a set of recordings on a media which shall be used for series production or broadcasting. Its primary purpose is to make this set homogeneous. N NAND Flash Memory : Semiconductor-based storage technology which does not requires power supply to store data. It is thus called “non-volatile”, because in contrast with a random access memory (DRAM), the data are not erased when the memory is not supplied by electric power anymore. Net carrying value : gross value of an asset (e.g. purchase price or cost price), minus the amount of amortizations and/or depreciations. Net treasury : it is the available cash after deduction of the gross debt. O Operating income : income calculated from revenues and other recurring operating income from which are deducted the recurring operating expenses Operating margin : ratio between operating income and turnover. This ratio indicates the economic performance before considering financial income, taxes, and exceptional events. Over The Top (OTT) : bypass service, distribution method for audiovisual contents on Internet without the participation of a traditional network operator.

R Replication : CD replication is a physical production process that consist in pressing the discs during the manufacture from glass. S Standard Definition (SD) : 480p resolution. SWAPS : financial derivative from a contract to exchange a stream of cash flows between two parties, which are generally banks or financial institutions. T Total effective rate : interest rate whose main utility is to reflect the real cost of a loan. U UHD : resolution of 3,840x2,160, which is thus 4 times more pixels than with the Full HD technology. This 16:9 format is used particularly in order to watch movies on a television. V Virtual Reality : computer technology that stimulates the user’s physical presence in an environment artificially generated by software. W WiFi Repeater : device enabling the extension of wireless coverage. Working capital requirements : current asset minus current liability (including current provisions, excluding cash-flow, short-term debt and financial instruments). X xDSL : refers to DSL (“digital subscriber line”) and to all the techniques set up for a digital transport of information over a wireline telephone connection or a dedicated line.

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TECHNICOLOR REGISTRATION DOCUMENT 2018