technicolor - 2018 Registration document

2 OPERATING AND FINANCIAL REVIEW AND PROSPECTS RESULTS OF OPERATIONS FOR 2017 AND 2018

2018 (119) (167) (62)

2017*

Change (1)

(in million euros unless otherwise stated)

Profit (Loss) from continuing operations before tax and net finance costs/EBIT (a)

40

(159)

Total adjustments on EBIT (b) Of which restructuring costs, net

(63) (43) (9) (11) 103 2.4%

(104)

(19)

Of which net impairment losses on non-current operating assets

(81) (24)

(72) (13) (55)

Of which other income/(expense)

Adjusted EBIT from continuing operations (a)-(b)

48

As a % of revenues

1.2% 218 266 6.7%

(120) bps

Depreciation & amortization (2)

238 341

(20) (75)

Adjusted EBITDA from continuing operations

As a % of revenues

8.0%

(130) bps

Year-on-year change at current currency. (1) Including impact of provisions for risks, litigations, warranties and others. (2) 2017 amounts are re-presented to reflect the impacts of Discontinued Operations (*)

2018 (119)

2017*

Change

(in million euros unless otherwise indicated)

Profit (Loss) from continuing operations before tax and net finance costs

40

(159)

As a % of revenues

(3.0)%

0.9%

(390) bps

of which: Entertainment Services As a % of revenues Connected Home As a % of revenues Corporate & Other of which: Entertainment Services As a % of revenues Connected Home As a % of revenues Corporate & Other of which: Entertainment Services As a % of revenues Connected Home As a % of revenues Corporate & Other As a % of revenues As a % of revenues

(72)

38

(110)

(4.2)%

2.1%

(630) bps

(39)

20

(59)

(1.8)%

0.8% (18) 103 2.4%

(260) bps

(8) 48

10

Adjusted EBIT from continuing operations

(55)

1.2%

(120) bps

48

61

(13)

2.8%

3.4%

(60) bps

1

52

(51)

0%

2.1% (10) 341 8.0%

(210) bps

(1)

9

Adjusted EBITDA from continuing operations

266 6.7%

(75)

(130) bps

178

216

(38)

10.3%

12.1%

(180) bps

87

128

(41)

3.9%

5.3%

(140) bps

1

(3)

4

2017 amounts are re-presented to reflect the impact of Discontinued Operations (*)

36

TECHNICOLOR REGISTRATION DOCUMENT 2018