Vantiva Sa · EURONEXT:VANTI
Vantiva Sa — Q2 2021 Earnings Presentation
23 slides from Vantiva Sa's earnings presentation, Jul 29, 2021
Slide 1: July 29, 2021
July 29, 2021 technicolor.com
Slide 2: Forward-looking statements
contains certain statements that are based on constitute "forward-looking management's current expectations statements”, including but not and beliefs and are subject to a limited to statements that are number of risks and uncertainties that predictions of or indicate future could cause actual resul
Slide 3: H1 2021 Group Update
H1 2021 GROUP UPDATE
Slide 4: Key Figures from Continuing Operations
KEY FIGURES FROM CONTINUING OPERATIONS REVENUES of €1,359 million, UP 1.2% at constant rate in ADJUSTED EBITDA of €100 ADJUSTED EBITA of €15 FCF (before financial results and tax) of €(208) line with expectations, mainly reflecting a good million, UP 101.6% at constant million, HIGHER BY €83 million
Slide 5: Technicolor Creative Studios
TECHNICOLOR CREATIVE STUDIOS Revenues (in € million) Adjusted EBITDA (in € million) REVENUE HIGHLIGHTS: APPOINTMENT OF ANDREA MILORO reinforces Technicolor’s commitment to expand the UP 9.9% YOY AT CONSTANT RATE company’s global feature and episodic animation 13.7% Recovery in demand for creativ
Slide 6: Connected Home
CONNECTED HOME Revenues (in € million) REVENUE HIGHLIGHTS: CONNECTED HOME IS MAINTAINING MARKET REVENUE DOWN (1)% YOY AT (1)% LEADERSHIP in broadband and (@ constant rate) CONSTANT RATE Android-based solutions Despite strong demand in North America and in Eurasia… Broadband revenue increased b
Slide 7: DVD Services
DVD SERVICES Revenues (in € million) Adjusted EBITDA (in € million) REVENUE HIGHLIGHTS: DIVISION-WIDE INITIATIVES: VOLUME UP 4% Further structural division-wide initiatives to adapt distribution and replication operations 3.7% Increase in total replicated disc activity (unprecedented in recent
Slide 8: Short and Medium-Term Outlook Maintained
SHORT AND MEDIUM-TERM OUTLOOK MAINTAINED Technicolor will continue to target an improvement of its EBITDA, EBITA and FCF throughout 2021 & 2022 ► All Technicolor activities are benefiting from a strong In € million, post IFRS 16 Outlook3 and growing demand Continuing Operations 2020a1 2021e 2022e4 ►
Slide 9: Key Performance Figures
KEY PERFORMANCE FIGURES || technicolor
Slide 10: Key Figures (H1) – Group
KEY FIGURES (H1) – GROUP H1 Forex vs. LY vs. LY 2021 2020 impact at constant rate (a) (b) (c=a+b) Current (in € million) LY rate LY rate Current rate LY rate rate Revenues 1 359 1 450 1 433 (74) (5.2)% +91 +17 +1.2% Adjusted EBITDA 100 106 53 +48 +90.6% +6 +53 ns in % of Revenues 7.4% 7.3% 3.7% (1)
Slide 11: Adjusted EBITDA Bridge vs. LY (YTD)
ADJUSTED EBITDA BRIDGE VS. LY (YTD) 11 C3 - Restricted Natixis
Slide 12: Technicolor Creative Studios H1 2021 Profitability
TECHNICOLOR CREATIVE STUDIOS H1 2021 PROFITABILITY H1 vs. LY vs. LY 2021 2020 Forex at constant rate (a) impact (c=a+b) (b) Technicolor Creative Studios Current rate LY rate LY rate Current rate LY rate in € million Revenues 295 307 279 +16 +5.8% +11 +28 +9.9% Ajusted EBITDA 40 42 2 +38 ns +2 +40 ns
Slide 13: Connected Home H1 2021 Profitability
CONNECTED HOME H1 2021 PROFITABILITY H1 vs. LY vs. LY 2021 2020 Forex at constant rate (a) impact (c=a+b) (b) Connected Home Current rate LY rate LY rate Current rate LY rate in € million Revenues 770 831 839 (69) (8.2)% +61 (8) (1.0)% Ajusted EBITDA 56 60 54 +2 +4.5% +4 +6 +11.8% in % of Revenues 7
Slide 14: DVD Services H1 2021 Profitability
DVD SERVICES H1 2021 PROFITABILITY H1 vs. LY vs. LY 2021 2020 Forex at constant rate (a) impact (c=a+b) (b) DVD Services Current rate LY rate LY rate Current rate LY rate in € million Revenues 283 301 302 (19) (6.4)% +18 (1) (0.3)% Ajusted EBITDA 11 11 1 +9 ns +1 +10 ns in % of Revenues 3.7% 3.7% 0.
Slide 15: From Adjusted EBITDA to EBIT in Summary
FROM ADJUSTED EBITDA TO EBIT IN SUMMARY H1 vs. LY vs. LY 2021 2020 at constant rate (a) Forex impact (c=a+b) (b) in € million Current rate LY rate LY rate Current rate LY rate Adjusted EBITDA 100 106 53 +48 +6 +53 D&A(1) & Reserves(2) w/o PPA amortization (85) (90) (120) +35 (5) +30 Adjusted EBITA 1
Slide 16: From EBIT to Net Result Group (YTD)
FROM EBIT TO NET RESULT GROUP (YTD) H1 vs. LY vs. LY 2021 2020 at constant rate (a) Forex impact (c=a+b) (b) in € million Current rate LY rate LY rate Current rate LY rate EBIT Continuing (4) (7) (194) +190 (3) +187 Net Interest Expense (61) (62) (40) (21) (2) (23) Others Financial (2) (3) (28) +26
Slide 17: Free Cash Flow from Continuing Operations
FREE CASH FLOW FROM CONTINUING OPERATIONS €35m 17 C3 - Restricted Natixis
Slide 18: Debt Structure
DEBT STRUCTURE Nominal IFRS Type of Nominal Repayment Moodys / In million currency Currency Final maturity Amount Amount rate rate (1) Type S&P rating New Money Notes EUR 350 361 Floating 12.00%(2) Bullet Jun. 30, 2024 Caa1/B New Money Term Loans USD 104 107 Floating 12.23%(3) Bullet Jun. 30, 2024 C
Slide 19: Liquidity
LIQUIDITY Amount of Available Available Liquidity at June 30, 2021 (€m) Drawn amount credit line credit line* amount Cash on hand 99 Committed credit facilities: Wells Fargo credit line ($125m) 105 100 35 65 Liquidity €164m ► $42m (€35m) drawn on Wells Fargo line at June 30, 2021 and $77m (€65m) ava
Slide 20: Appendix
Slide 21: Details of Debt on June 30, 2021 (Including Op. Lease Debt)
DETAILS OF DEBT ON JUNE 30, 2021 (INCLUDING OP. LEASE DEBT) 21 C3 - Restricted Natixis
Slide 22: Details of Debt on June 30, 2021 (Excluding Op. Lease Debt)
DETAILS OF DEBT ON JUNE 30, 2021 (EXCLUDING OP. LEASE DEBT) 22 C3 - Restricted Natixis
Slide 23: Thank You
THANK YOU C3 - Restricted Natixis