Slide 1: First Quarter 2013 Revenues
First Quarter 2013 Revenues April 26, 2013 Frederic Rose, CEO Stéphane Rougeot, CFO and SEVP Strategy
Slide 2: Agenda
Agenda Business Highlights 4-5 Segment Review 6-12 Financial Structure Update 13-14 Outlook 15-16 Appendix 17 2
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains certain statements that constitute "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate
Slide 4: Business Highlights
BusINESS HIGHLIGHTS technicolor
Slide 5: Q1 2013 Revenue Highlights
Q1 2013 Revenue Highlights Robust Revenue Performance in Q1 2013 Technology: Another strong quarter in our different licensing programs with sustained Licensing revenues Entertainment Services: Slightly higher revenues excl. legacy activities with sustained growth in DVD Services revenues and robust
Slide 6: Segment Review
SEGMENT REVIEW technicolor
Slide 7: Q1 2013 Revenues by Division – constant scope
Q1 2013 Revenues by Division – constant scope Δ% Δ% (in € million) At constant scope Q1 2012 Q1 2013 Current Constant Currency Currency Technology 121 125 +3.3% (1.5)% Entertainment Services 395 376 (4.9)% (5.4)% excluding legacy activities 345 352 +2.2% +1.8% Connected Home 242 274 +13.0% +16.3% Ot
Slide 8: Technology – Q1 2013 Highlights
Technology – Q1 2013 Highlights Technology Revenues, €m * Change at constant rates (8.6)%* (1.5)%* Another quarter of Licensing 130 revenues above €120 million 121 125 Growth of 3.3% at current rate, slightly down at constant rate Sustained performance of licensing programs offset softer MPEG
Slide 9: Entertainment Services – Q1 2013 Highlights
Entertainment Services – Q1 2013 Highlights Entertainment Services Revenues, €m * Change at constant rates (5.6)%* (5.4)%* 405 395 Growth of around 2% excl. legacy activities 376 69 51 24 Strong performance in DVD Services driven by a 9% volume increase due to a strong slate of new releases 335
Slide 10: Entertainment Services, providing key services on major titles and shows
Entertainment Services, providing key services on major titles and shows Digital Production Digital Postproduction Good pipeline of VFX for feature films Success of our state-of-the-art Sound facility on the Paramount lot Excellence in servicing studio customers recognized by the Industry A strong l
Slide 11: Connected Home – Q1 2013 Highlights
Connected Home – Q1 2013 Highlights Connected Home Revenues, €m Revenues by region in Q1 13 * Change at constant rates North (0.8)%* 16.3%* APAC America 19% 12% 274 242 EMEA 238 21% LatAm 48% Q1 11 Q1 12 Q1 13 Fourth straight quarter of double digit YoY change in Revenues, YoY growth at constant r
Slide 12: Connected Home – Key Segment Highlights
Connected Home – Key Segment Highlights Significant market share gains Technology Leadership is supporting confirmed top line growth in 2013 Gateways: back to No. 1 position worldwide Market recognition of its advance in wireless in value and in volume* Media Gateways, offering the best WiFi S
Slide 13: Financial Structure Update
FINANCIAL STRUCTURE UPDATE 13
Slide 14: Financial Structure as of end of March 2013
Financial Structure as of end of March 2013 Gross debt at the end of March 2013 fell to €1,222 million at nominal value and €1,107 million on IFRS basis; €36 million of debt repayments partly offset by the impact of the appreciation of the US dollar Lower level of cash vs. end December 2012, as a re
Slide 15: Outlook
OUTLOOK technicolor
Slide 16: FY 2013 Objectives confirmed
FY 2013 Objectives confirmed Growth in Adj. EBITDA between 5% to 10% compared to FY 2012 Adj. EBITDA at constant scope (€498 million): Licensing Adj. EBITDA broadly stable compared to FY 2012 assuming another year of strong contracts Continued improvement of Connected Home Adj. EBITDA and return t
Slide 17: Appendix
APPENDIX technicolor