Technicolor: 2016 Third Quarter Revenues

Paris (France), 20 October 2016 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its revenues for the third quarter of 2016.

Frederic Rose, Chief Executive Officer of Technicolor, stated:

“Our third quarter revenues have been solid as we continued to perform well and win major new awards across all our activities. We confirm our objectives for 2016 and remain strongly focused on operational execution.”

Highlights

• Full-year 2016 objectives reiterated;
• Third quarter revenues up c.30% at constant currency reflecting solid organic performance and further benefits from last year acquisitions:
  • Operating businesses (Connected Home and Entertainment Services) continue to drive the Group’s growth
  • Licensing revenues in line with Group’s expectations
• Integration of the assets acquired in 2015 progressing well;
• Solid performance in Connected Home; second half revenues to be in line with first half revenues as guided; strong focus on execution in a market challenged by component shortages and international shipping disruptions;
• Continued robust pipeline in Production Services with a rise in projects across all VFX market segments, leading to significant recruitment drives, particularly in Canada and India;
• Launch of the Technicolor Experience Center set up specifically to develop high-end content, platforms and technology for virtual reality (VR), augmented reality (AR) and other immersive media applications; multi-user VR technology presented at the IBC show in September;
• Focus on financial structure improvement leading to rating upgrade by Moody’s (upgraded to Ba3 from B1, positive outlook) at end of August 2016.

2016 objectives confirmed

Technicolor confirms its 2016 objectives of a free cash flow in excess of €240 million, and an Adjusted EBITDA in the range of €600 million to €630 million.

Leverage ratio inferior to 1.4x at end December 2016 compared to a ratio of 1.74x at end December 2015.

Revenue breakdown by businesses

Financial calendar

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Warning: Forward Looking Statements

This press release 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 to historical or current facts. 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, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor’s filings with the French Autorité des marchés financiers.

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About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.

www.technicolor.com – Follow us: @Technicolor – linkedin.com/company/technicolor

Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).

Investor Relations

Emilie Megel: +33 1 41 86 61 48

emilie.megel@technicolor.com

Media Contact

Lane Cooper: +1 415 646 6592

lane.cooper@technicolor.com