Technicolor Creative Studios at its Capital Markets Day
Paris (France), June 14th, 2022 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) will today hold in London at 1pm BST (2pm CEST) its Capital Markets Days, starting with VANTIVA (future name for Technicolor Ex-TCS), followed by Technicolor Creative Studios (“TCS” or the “Group”). Christian Roberton, TCS’ future CEO, Laurent Carozzi, TCS’ future CFO, and other members of the TCS executive team will illustrate the Group’s strategic direction and roadmap to drive growth, as well as its financial objectives. A separate press release presenting VANTIVA’s vision and strategy is being issued today.
TCS’ vision is to become the first-choice production partner for the world’s most creative companies
TCS is ideally positioned for accelerated structural growth in a large and growing addressable market
TCS forward looking assumptions published on June 6th, 2022 are confirmed, and the Group is now guiding the market using new key performance indicators (“KPI” or “KPIs” as the case may be) with:
Adjusted EBITDA after lease (new definition) of €120–130 million in 2022 and €140–160 million in 2023. As part of its new KPIs policy, TCS will now guide the market on Adjusted EBITDA after lease (new definition).
Richard Moat, Chief Executive Officer of Technicolor SA and future Chairman of VANTIVA, said:
“Over the past two years, we executed a transformation process to reorganize TCS into a more efficient and agile business by facilitating collaboration, integrating technology and unleashing talent. Today, Technicolor Creative Studios has cemented its position as the independent global leader in tech-enabled content creation with an award-winning portfolio, and is well positioned to capitalize on the significant opportunities of a growing market for visual content. With Christian as its CEO and with the best creative talent in the industry, I am confident that Technicolor Creative Studios will be an attractive pure play equity story, unlocking enhanced value for all stakeholders.”
Christian Roberton, current President of TCS and future Chief Executive Officer of TCS, said:
“I am enthusiastic that Technicolor Creative Studios is starting a new exciting chapter as an independent company. Technicolor Creative Studios is ideally positioned to ride the structural growth in its underlying large and growing addressable markets, and to be the first partner of choice for the world’s most creative companies. With our deeply cemented relationships with blue-chip customers, cutting-edge technology, superior workflow processes and highly skilled talent, Technicolor Creative Studios is well positioned to deliver profitable growth and value creation. I am honored to be leading this future company and I look forward to being alongside all of our amazing teams as we bring the art of visual storytelling to audiences everywhere.”
TCS vision: become the first-choice production partner for the World’s most creative companies
The Group’s vision is to be the first-choice production partner for the world’s most creative companies. TCS’ focus on technology, creativity and talent development, combined with cost efficiency and rigorous management, will drive the company to operate as a client-focused, technology-driven and profitable global studio delivering high-quality projects. Building upon its successes, TCS’ mission is to drive growth and margin enhancement across its divisions by facilitating collaboration among TCS’ different creative and production capabilities, and by adapting client servicing to the post-Covid-19 era. TCS possesses a strong, experienced management team with proven track records and deep sector expertise.
TCS’ key strategic pillars are to:
- Expand capacity to meet strong demand and invest in new markets;
- Develop the Technicolor Creative Studios brand to be seen as an Employer of Choice by talent;
- Continue to invest in R&D and Technology;
- Leverage existing capabilities to capture the Metaverse opportunity.
Learn more here.
