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Patent portfolio - Technicolor

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19<br />

Technology – H1 Highlights<br />

Revenues and Adjusted EBITDA<br />

196 195 188<br />

137 139<br />

70%<br />

71%<br />

126<br />

67%<br />

261<br />

201<br />

219<br />

H1 09 H2 09 H1 10 H2 10 H1 11<br />

Revenues (€m) Adj EBITDA (€m)<br />

Adj EBITDA margin (%)<br />

77%<br />

163<br />

75%<br />

Growth in Technology revenues<br />

25.8% YoY growth in H1 2011 at constant<br />

currency, driven by a strong increase in<br />

MPEG-LA revenues and sustained<br />

performance of other programs<br />

Further YoY increase in<br />

adjusted EBITDA margin<br />

Licensing revenue growth<br />

Continuing optimization in patent<br />

prosecution, filing and annuities costs

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