Slide 1: July 31, 2025
July 31, 2025 ©2025 Vantiva SA and/or its affiliates. All rights reserved. Confidential and proprietary information. Internal Use Only. Do not disclose, share or distribute this material outside Vantiva without prior written permission.
Slide 2: Forward-looking statements
2 Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecast or This presentation implied by such forward-looking st
Slide 3: Highlights
Alley Highlights
Slide 4: With the core CPE business in focus, we are well positioned to move forward
4 Q1 recovery continued in Q2, though at a slower pace The broadband market was the main growth driver with softness in video Lower operating expenses drove strong EBITDA improvement Free cash flow benefited from higher EBITDA and positive working With the core CPE capital timing business in
Slide 5: Revenues up 8% and EBITDA boosted by OPEX gains
5 H1 24 restated for SCS divestment REVENUES (in € million) Adjusted EBITDA (in € million) FCF (after financial and tax, and › Revenues up 8% restructuring costs in € million) + 8.0% @ current rate + 69m › EBITDA boosted @ current rate by OPEX gains + 9.4% + 4.6 points @ constant rate 861 › FCF bene
Slide 6: H1 2025 takeaway
6 H1 24 restated for SCS divestment H1 2025 takeaway REVENUES (in € million) EBITDA (in € million) 861 › Improvements in 798 56 broadband demand 69 › Ramp-up of new products 466 597 8.0% and contracts @ current rate 64 › Launch of multiple Wi-Fi 7 home gateways 262* 9.4% 22 208 @ constant rate › Eco
Slide 7: Management anticipates a sustainable & healthy FCF after financial, tax, and restructuring charges
7 The positive results for the Management first half support our full- anticipates a year targets: sustainable & healthy FCF after Adjusted EBITDA Free Cash Flow* financial, tax, and >€150m >€0m restructuring charges * After financial, tax and restructuring charges €/$ parity assumption of 1.05 FY25
Slide 8: Group Revenues
8 in € million H1 25 H1 24 Variation Group H1 24 restated for SCS divestment Revenues 861 798 63 Adjusted EBITDA 64 22 42 in % of Revenues 7.4% 2.8% 463 bps D&A & Reserves (1) w/o PPA amortization (31) (34) 3 Adjusted EBITA 33 (12) 45 PPA amortization (6) (12) 6 Non-recurring items (47) (59) 11 EBIT
Slide 9: Adjusted EBITDA to EBIT in Summary
9 to Ebit in Summary H1 24 restated for SCS divestment in € million H1 25 H1 24 Variation Adjusted EBITDA 64 22 42 D&A & Reserves (1) w/o PPA amortization (31) (34) 3 Adjusted EBITA 33 (12) 45 PPA amortization (6) (12) 6 Impairments & write-off (8) (4) (4) Restructuring (38) (63) 25 Other Non-Curren
Slide 10: EBIT to Net Result Group
10 to Net Result Group H1 24 restated for SCS divestment in € million H1 25 H1 24 Variation EBIT Continuing (20) (82) 62 Net Interest Expense (31) (37) 6 Other Financial (17) (18) 1 Net financial result (48) (55) 7 Profit before Tax (68) (138) 70 Tax (13) (5) (8) Share of gain (profit) from associat
Slide 11: Free cash flow from continuing operations after financial, tax and restructuring charges
11 from continuing operations after financial, tax and restructuring charges H1 24 restated for SCS divestment FREE CASH FLOW FROM CONTINUING OPERATIONS: H1 2025 VS. H1 2024 In € million 14 1 10 6 (6) 2 42 91 22 FCF H1 2024 EBITDA Net Capex Restructuring Chg Pensions & Others Financial Tax FCF H1 20
Slide 12: Liquidity amounted to €104m
12 Amount of Available credit Drawn Available Liquidity as of June 30, 2025 (€m) credit line line (1) amount amount Liquidity Cash on hand 35 amounted to €104m Committed credit facilities: Wells Fargo credit line ($125m) 107 80 11 69 As of June 30, Liquidity 104 2025 €m Nominal Amount Total Gross De
Slide 13: www.vantiva.com
www.vantiva.com
Slide 14: Abbreviation Definition
14 Abbreviation Definition Abbreviation Definition $ American Dollar EBITDA Earnings before Interest, Tax, Depreciation and Amortization € Euro EU European Union B2B Business-to-Business FCF Free-Cash-Flow BB Broadband GPON Gigabit Ethernet Passive Optical Network CAGR Compound Annual Growth Rate Io
Slide 15: Definitions of adjusted EBITDA and other measures
15 › Adjusted EBITDA: Profit (or loss) from continuing operations before tax and net financial income (expense), excluding other income (expense), and before depreciation and amortization. This also includes the impact of provisions for risks, litigation, and warranties. › Adjusted EBITA: Profit (or
Slide 16: About Vantiva
16 About Vantiva Pushing the Edge Vantiva (Euronext Paris: VANTI) is a global technology leader in connectivity technologies. For over 130 years, Vantiva (formerly known as Technicolor) has delivered solutions that connect what matters most. Today, the company continues to redefine connectivity with