Slide 1: Third Quarter 2015 Revenues
Third Quarter 2015 Re 20 October 2015 a i technicolor El FEEL THE WONDER
Slide 2: Forward looking statements
Forward looking statements S T F 2
Slide 3: Agenda
Agenda Slide 4 to 11 Slide 12 to 15 Slide 16 to 17 Slide 18 to 20 Q3 2015 Q3 2015 2015 GUIDANCE FINANCING REVENUE SEGMENT OF THE AND BUSINESS REVIEW ACQUISITIONS HIGHLIGHTS 3
Slide 4: Q3 2015 Revenue and Business Highlights
Q3 2015 REVENUE AND BUSINESS HIGHLIGHTS
Slide 5: Q3 2015 highlights
Q3 2015 highlights An increase driven by Technology and Entertainment Services 1 Year-on-year change at current currency 2 Including legacy (Films Services), Digital Cinema and Media Services activities in the Entertainment Services segment, and IZ-ON in the Other segment 5
Slide 6: Q3 2015 revenues by segment
Q3 2015 revenues by segment Δ% Δ% (in € million) Q3 2014 Q3 2015 Change Current Constant Currency Currency Technology 116 121 +5 +4.6% +6.9% Entertainment Services 330 423 +93 +28.1% +18.2% Connected Home 369 332 (37) (10.0)% (11.4)% Group revenues 815 876 +61 +7.5% +3.2% (excl. exited activities) G
Slide 7: Year-to-date revenues by segment
Year-to-date revenues by segment Δ% Δ% (in € million) 9M 2014 9M 2015 Change Current Constant Currency Currency Technology 331 389 +57 +17.2% +17.5% Entertainment Services 909 1,075 +165 +18.2% +5.9% Connected Home 1,024 984 (40) (3.9)% (9.8)% Group revenues 2,265 2,447 +182 +8.0% +0.5% (excl. exite
Slide 8: 3 key transactions signed in Q3 2015
3 key transactions signed in Q3 2015 CONNECTED DEVICES Become the n°2 worldwide in Expand Production Services Provide a leaner and more CPE market with strengthened scale and reinforce leadership efficient licensing program for market positions position in VFX the industry 1 Digital TV 2 Computer Di
Slide 9: Increased scale and reinforced leadership in Production Services
Increased scale and reinforced leadership in Production Services Working on secured since acquisition Leading the with a strong TV series pipeline THE MILL • obtained since January 2015 • Lumiere Award for our , highest award by The Advanced Imaging Society • by Hollywood Post Alliance’s awards • fo
Slide 10: Changing size and focus on next gen technology in Connected Home
Changing size and focus on next gen technology in Connected Home • Closing of the Completed transaction expected with CableLabs before year-end • Antitrust clearance obtained in most countries Ready for next • Preparation for integration generation process well on track broadband: part of Announced
Slide 11: Securing business on leading-edge technologies
Securing business on leading-edge technologies (Fiber- Launching our next generation More than To-The-Home) units deployed . to date in 2015 Also awarded by another major , Tier 1 operator enabling a brand new set of apps and services 11
Slide 12: Q3 2015 Segment Review
Q3 2015 SEGMENT REVIEW
Slide 13: Technology – Revenue highlights
Technology – Revenue highlights Revenues (€m) Change at constant currency (%) Key Highlights Revenues up 4.6% at current currency vs. Q3 2014 Licensing revenues at €117 million, up €5 million versus last year Higher revenues generated by the MPEG LA pool, (11.7)% +6.9% driven by favorable €/US
Slide 14: Entertainment Services – Revenue highlights
Entertainment Services – Revenue highlights Revenues excl. exited activities (€m) Change at constant currency (%) Revenues up c.28% at current currency in Q3 2015 (7.5)% +18.2% 423 354 330 Strong revenue growth vs. Q3 2014, driven by VFX for Feature Film, Advertising and Animation activities Q3 20
Slide 15: Connected Home – Revenue highlights
Connected Home – Revenue highlights Revenues (€m) Change at constant currency (%) Revenues down 10% at current currency in Q3 2015 +1.2% (11.4)% Solid mix improvement 361 369 332 Double-digit growth in EMEA, driven by the ramp up of new products Double-digit revenue growth in APAC benefittin
Slide 16: 2015 Guidance
2015 GUIDANCE
Slide 17: Confirming 2015 objectives before any impact of Cisco CD acquisition
Confirming 2015 objectives before any impact of Cisco CD acquisition between €560 million and €590 million of at least €230 million to be updated as part of the Group’s full year 2015 result release 17
Slide 18: Financing of the Acquisitions
FINANCING OF THE ACQUISITIONS
Slide 19: Financing CCD & The Mill acquisitions while maintaining a sound financial profile
Financing CCD & The Mill acquisitions while maintaining a sound financial profile In €m Successful syndication of a €375 million incremental term loan maturing in 2020 $200 million/€197 million Fees and Cash on BS 72 21 Pricing: Libor/Euribor + 400bps, subject to a 1% Expenses Libor/Euribor fl
Slide 20: Financial situation at end September 2015
Financial situation at end September 2015 At end September 2015 (in € million) (includes funds borrowed for the acquisition of The Mill) Cash 303 Nominal Gross Debt 1,249 IFRS Gross Debt 1,178 Nominal Net Debt 946 IFRS Net Debt 875 20