Slide 1: Q1 2016 Revenues
Q1 technicolor.com technicolor FEEL THE WONDER.
Slide 2: Forward Looking Statements
Forward Looking Statements ► THIS PRESENTATION contains ► SUCH FORWARD-LOOKING ► FOR A MORE COMPLETE certain statements that constitute STATEMENTS are based on LIST and description of such "forward-looking statements", management's current risks and uncertainties, refer including but not limited to
Slide 3: Q1 2016 Highlights
Q1 2016 Highlights OPERATING STRONG COMMERCIAL INTEGRATION ON LICENSING BUSINESSES ACTIVITY TRACK BUSINESS revenues up 77% at constant in Connected Home ahead of schedule in solid performance driven by currency, with Connected and Production Services Connected Home and Video Coding and Digital TV Ho
Slide 4: Q1 2016 Revenues by Segment
Q1 2016 Revenues by Segment Δ% Δ% Current Constant (in € million) Q1 2015 Q1 2016 Change Currency Currency Connected Home 317 698 +381 +120.3% +121.7% Entertainment Services 338 450 +112 +33.2% +34.6% Technology 118 112 (6) (4.9)% (2.6)% Group revenues 772 1,260 +488 +63.1% +64.7% (excluding exited
Slide 5: Connected Home (CH) – Revenue Highlights
Connected Home (CH) – Revenue Highlights Revenues by region (€m) Revenues (€m) Change at constant currency +312.0% Change at constant currency NAM 55% 698 +121.7% EMEA APAC LATAM 26% 6% 317 13% Q1 2015 Q1 2016 +65.4% +161.8% (25.6)% KEY HIGHLIGHTS Revenues by product (€m) ► Getting scale: growth dri
Slide 6: CH - Strong commercial activity in Q1 2016
CH - Strong commercial activity in Q1 2016 VIDEO BROADBAND ► Secured a solid pipeline of new STB ► Fixed BB activity boosted by new technology: contracts in Q1, including OTT boxes DOCSIS 3.1, LTE, Fiber, xDSL/G.fast 2 US CABLE OPERATORS 1 US TELECOM O P E R AT O R 6 Q1 2016 REVENUES
Slide 7: CH - Integration progressing well
CH - Integration progressing well ► Migration of Cisco supply chain towards Technicolor supply chain started ► Synergies in G&A and COGS well on track with acceleration expected over the next months ► Cost synergies start benefiting the P&L as of Q1 2016 7 Q1 2016 REVENUES
Slide 8: Entertainment Services – Highlights
Entertainment Services – Highlights Revenues (€m) Revenues (€m) Change at constant currency Change at constant currency Entertainment Services* 450 Production Services* DVD Services 338 +51.4% +25.2% Production +34.6% Services 272 179 217 DVD Services 121 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Q1 2015 Q1 2
Slide 9: A quarter of achievements in Production Services
A quarter of achievements in Production Services ATTAINED new artistic heights in Theatrical and produced visually epic spots STRONG pipeline of projects with major wins in all market segments during Q1, including 2 long feature Animation projects with US studios PIONEERING the next wave of premium
Slide 10: DVD Services volume trends in Q1 2016
DVD Services volume trends in Q1 2016 Overall disc volumes BLU-RAYTM VOLUMES ALSO SUPPORTED million units 338 271 27 BY KEY XBOX ONE RELEASES 74 59 211 237 Q1 2015 Q1 2016 DVD Blu-ray™ CD KEY THEATRICAL RELEASES IN Q1 2016 DEEPEN MARKET COVERAGE 10 Q1 2016 REVENUES
Slide 11: Technology – Revenue Highlights
Technology – Revenue Highlights Revenues (€m) Change at constant currency KEY HIGHLIGHTS Patent Licensing ► €62m decline in MPEG LA revenues vs. Q1 2015, offset by sustained level of activity in Video Coding and Digital TV ► Video Coding: first material licensing agreement (lump sum) for the use of
Slide 12: Increasing “non-cash” liquidity
Increasing “non-cash” liquidity Significant liquidity available as of April 2016 in million € or $ Undrawn committed credit lines RCF €100m Euribor/Libor + 4.25% - Term: July 2018 RCF €125m Euribor/Libor + 3.50% - Term: Jan 2019 + 1 Wells Fargo credit line $125m Libor + 2.25-2.75% - Term: April 2019
Slide 13: 2016 objectives confirmed
2016 objectives confirmed FREE CASH FLOW Adj. EBITDA Adj. EBITDA breakdown Net Debt to Adj. EBITDA Operating Businesses: > €475m Technology: > €200m Based on contribution of licensing agreements already signed and incl. €60m generated by MPEG LA Corporate and Other: c. €(80)m 13 Q1 2016 REVENUES
Slide 14: FEEL THE WONDER
FEEL THE WONDER