Key figures and simplified organization chart

Simplified Economic Organization Chart of the Group

Percentage of controlling interest held by Vivendi as of March 23, 2018

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Percentage of controlling interest held by Vivendi as of March 23, 2018

Selected key consolidated financial data

Preliminary comments:

Vivendi made changes in the presentation of its Consolidated Statement of Earnings as from January 1, 2017. For a detailed description of these changes in presentation and the reconciliations to previously published financial data, please refer to Note 1.2.1 and Note 28 to the Consolidated Financial Statements for the year ended December 31, 2017, respectively.

In addition, Vivendi changed its definition of Financial Net Debt (or Net Cash Position) during the fourth quarter of 2017. For a reconciliation to previously published financial data, please refer to Note 28 to the Consolidated Financial Statements for the year ended December 31, 2017.

Vivendi deconsolidated GVT, SFR, Maroc Telecom group and Activision Blizzard as from May 28, 2015, November 27, 2014, May 14, 2014, and October 11, 2013, respectively, i.e., the date of their effective sale by Vivendi. In compliance with IFRS 5, these businesses have been reported as discontinued operations for the relevant periods as set out in the table of selected key consolidated financial data below in respect of data reflected in the Consolidated Statement of Earnings and Consolidated Statement of Cash flows.

 

Year ended December 31,

2017

2016

2015 2014 2013
Consolidated data
Revenues

12,444

10,819 10,762 10,089 10,252
Income from operations (a)

1,116

853 1,061 1,108 1,131
Adjusted earnings before interest and income taxes (EBITA) (a)

987

724 942 999 955
Earnings before interest and income taxes (EBIT)

1,036

887 521 545 578
Earnings attributable to Vivendi SA shareowners

1,228

1,256 1,932 4,744 1,967
of which earnings from continuing operations attributable to Vivendi SA shareowners 1,228 1,236 699 (290) 43
Adjusted net income (a)

1,312

755 697 626 454
Financial Net Debt/(Net Cash Position) (a)

2,340

(1,231) (7,172) (4,681) 11,094
Total equity

17,878

19,612 21,086 22,988 19,030
of which Vivendi SA shareowners’ equity

17,656

19,383 20,854 22,606 17,457
Cash flow from operations (CFFO) (a)

989

729 892 843 894

Cash flow from operations after interest and income tax paid (CFAIT) (a)

1,346 341 (69) 421 503
Financial investments

(3,685)

(4,084) (3,927) (1,244) (107)
Financial divestments

976

1,971 9,013 17,807 3,471
Dividends paid by Vivendi SA to its shareholders

499

(b) 2,588 (c) 2,727 (d) 1,348 1,325
Purchases/(sales) of Vivendi SA’s treasury shares

203

1,623 492 32
Per share data
Weighted average number of shares outstanding

1,252.7

1,272.6 1,361.5 1,345.8 1,330.6
Earnings attributable to Vivendi SA shareowners per share – basic

0.98

0.99 1.42 3.52 1.48
Adjusted net income per share

1.05

0.59 0.51 0.46 0.34
Number of shares outstanding at the end of the period (excluding treasury shares)

1,256.7

1,259.5 1,342.3 1,351.6 1,339.6
Equity per share, attributable to Vivendi SA shareowners

14.05

15.39 15.54 16.73 13.03
Dividends per share paid

0.40

(b) 2.00 (c) 2.00 (d) 1.00 1.00

In millions of euros, number of shares in millions, data per share in euros.

na: not applicable.

(a) The non-GAAP measures of Income from operations, EBITA, Adjusted net income, Net Cash Position (or Financial Net Debt), Cash flow from operations (CFFO) and Cash flow from operations after interest and income tax paid (CFAIT) should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance as presented in the Consolidated Financial Statements and the related Notes, or as described in this Financial Report. Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Each of these indicators is defined in the appropriate section of this Financial Report. In addition, it should be noted that other companies may have definitions and calculations for these indicators that differ from those used by Vivendi, thereby affecting comparability.

(b) On April 21, 2016, Vivendi’s General Shareholders’ Meeting approved the payment of an ordinary dividend of €3 per share with respect to fiscal year 2015, i.e., an aggregate dividend payment of €3,951 million. This amount included €2,588 million paid in 2016: €1,318 million for the second interim dividend of €1 per share, paid on February 3, 2016, and €1,270 million representing the balance of €1 per share, paid on April 28, 2016.

(c) In 2015, Vivendi paid the dividend with respect to fiscal year 2014 (€1 per share, i.e., €1,363 million) and a first interim dividend with respect to fiscal year 2015 (€1 per share, i.e., €1,364 million).

(d) On June 30, 2014, Vivendi SA paid an ordinary dividend of €1 per share to its shareholders from additional paid-in capital, treated as a return of capital distribution to shareholders.