Slide 1: November 4, 2021
November 4, 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: Q3 2021 Group Update
Q3 2021 GROUP UPDATE technicolor
Slide 4: Key figures from continuing operations YTD Sep-21
KEY FIGURES FROM CONTINUING OPERATIONS YTD SEP-21 For the first nine months of the year, REVENUES totalled ADJUSTED EBITDA of €176 ADJUSTED EBITA of €46 FCF (before financial results and tax) of €(206) €2,050 million, DOWN 4.4% at constant rate. million, UP 71.3% at constant million, HIGHER BY €111
Slide 5: Technicolor Creative Studios
TECHNICOLOR CREATIVE STUDIOS Revenues (in € million) Adjusted EBITDA (in € million) REVENUE HIGHLIGHTS: APPOINTMENT OF JEANEANE FALKLER as the President of Technicolor Games, a newly UP 37.9% QOQ AT CONSTANT +37.9% created position to lead growth in the games sector RATE (@ constant rate) Surge
Slide 6: Connected Home
CONNECTED HOME Revenues (in € million) REVENUE HIGHLIGHTS: NEW WINS AND PRODUCT LAUNCHES are driven by better (33.9)% REVENUE DOWN 33.9% QOQ AT (@ constant rate) user experience in the home with CONSTANT RATE Wi-Fi 6, while innovation is coming Despite strong growth in demand in North America an
Slide 7: DVD Services
DVD SERVICES Revenues (in € million) Adjusted EBITDA (in € million) REVENUE HIGHLIGHTS: COVID-19 SITUATION UPDATE VOLUME DOWN 6.7% Theatrical new release is showing an +3.6% accelerating trend of improvement, with (@ constant rate) The impact of Covid-19 on disc significant box office results
Slide 8: Short and medium-term outlook confirmed
SHORT AND MEDIUM-TERM OUTLOOK CONFIRMED Technicolor will continue to target an improvement of its EBITDA, EBITA and FCF throughout 2021 & 2022 In € million, post IFRS 16 Outlook3 Continuing Operations ► All Technicolor activities currently benefit from strong and growing demand 2020a1 2021e 2022e4 ►
Slide 9: Key Performance Figures
KEY PERFORMANCE FIGURES || technicolor
Slide 10: Key figures (YTD) – Group
KEY FIGURES (YTD) – GROUP YTD Sep Forex vs. LY vs. LY 2021 2020 impact at constant rate (a) (b) (c=a+b) (in € million) Current rate LY rate LY rate Current rate LY rate Revenues 2,050 2,131 2,230 (181) (8.1)% +82 (99) (4.4)% Adjusted EBITDA 176 181 106 +70 +66.6% +5 +75 +71.3% in % of Revenues 8.6%
Slide 11: Adjusted EBITDA bridge vs. LY (YTD)
ADJUSTED EBITDA BRIDGE VS. LY (YTD) 11 C3 - Restricted Natixis
Slide 12: Technicolor Creative Studios Q3 2021 profitability
TECHNICOLOR CREATIVE STUDIOS Q3 2021 PROFITABILITY Q3 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 157 153 111 +46 +41.2% (4) +42 +37.9% Ajusted EBITDA 33 33 (2) +35 ns (0) +
Slide 13: Connected Home Q3 2021 profitability
CONNECTED HOME Q3 2021 PROFITABILITY Q3 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 330 323 488 (158) (32.4)% (7) (165) (33.9)% Ajusted EBITDA 17 15 31 (14) (45.5)% (2) (16) (50.9)% in %
Slide 14: DVD Services Q3 2021 profitability
DVD SERVICES Q3 2021 PROFITABILITY Q3 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 198 200 193 +5 +2.5% +2 +7 +3.6% Ajusted EBITDA 29 30 27 +2 +6.1% +1 +3 +9.9% in % of Revenues 14.6% 15.0%
Slide 15: From adjusted EBITDA to EBIT in summary (YTD)
FROM ADJUSTED EBITDA TO EBIT IN SUMMARY (YTD) YTD Sep 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 176 181 106 +70 +5 +75 D&A(1) & Reserves(2) w/o PPA amortization (130) (135) (171) +41 (5) +36 Ad
Slide 16: From EBIT to net result Group (YTD)
FROM EBIT TO NET RESULT GROUP (YTD) YTD Sep 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 7 4 (212) +219 (3) +215 Net Interest Expense (93) (94) (54) (39) (2) (40) Others Financial (1) (1) 159 (161
Slide 17: Free cash flow from continuing operations
FREE CASH FLOW FROM CONTINUING OPERATIONS Free Cash Flow from continuing operations: YTD Sep 2021 vs. YTD Sep 2020 (289) (277) (335) +16 (24) (14) +2 (7) +12 +75 (9) +6 FCF YTD Sep EBITDA Net Net ∆ WC/OAL Rendering Financial Tax Pensions FCF YTD Sep Forex FCF YTD Sep 2020 ADJ Capex Restructuring and
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 371 381 Floating 12.00%(2) Bullet Jun. 30, 2024 Caa1/B New Money Term Loans USD 110 113 Floating 12.15%(3) Bullet Jun. 30, 2024 Ca
Slide 19: Liquidity
LIQUIDITY Amount of credit Available credit Liquidity at September 30, 2021 (€m) Drawn amount Available amount line line* Cash on hand 49 Committed credit facilities: Wells Fargo credit line ($125m) 108 108 37 71 Liquidity €120m ► $42.5 million (€37 million) drawn on Wells Fargo line at September 30
Slide 20: Technicolor
technicolor
Slide 21: Group profile – revenue
GROUP PROFILE – REVENUE YTD Sep 2021 Q3 2021 54% 48% 60% 61% Connected Home Connected Home 23% 28% YTD Sep 2020 DVD Services Q3 2020 DVD Services 22% 24% 1% 1% 14% 17% 22% 1% 23% 1% Corporate & Other Technicolor Corporate & Other Technicolor Creative Studios Creative Studios 21 C3 - Restricted Natix
Slide 22: Details of debt at September 30, 2021 (including op. lease debt)
DETAILS OF DEBT AT SEPTEMBER 30, 2021 (INCLUDING OP. LEASE DEBT) 22 C3 - Restricted Natixis
Slide 23: Details of debt at September 30, 2021 (excluding op. lease debt)
DETAILS OF DEBT AT SEPTEMBER 30, 2021 (EXCLUDING OP. LEASE DEBT) 23 C3 - Restricted Natixis
Slide 24: Thank you
THANK YOU C3 - Restricted Natixis