Key figures and simplified organization chart

Simplified Economic Organization Chart of the Group

(Click the image for a larger view )

Vivendi - organigramme simplifié VA

Selected key consolidated financial data

Preliminary comments:

In 2018, Vivendi applied two new accounting standards:
– IFRS 15 – Revenues from Contracts with Customers: in accordance with IFRS 15, Vivendi applied this change of accounting standard to 2017
revenues, thereby ensuring comparability of the data relative to each period of 2018 and 2017 contained in this report. The data presented
below with respect to fiscal years 2014 to 2016 are historical and therefore are unrestated; and
– IFRS 9 – Financial Instruments: in accordance with IFRS 9, Vivendi applied this change of accounting standard to the 2018 Statement of
Earnings and Statement of Comprehensive Income and restated its opening balance sheet as of January 1, 2018; therefore, the data relative
to prior years contained in this report is not comparable.

For a detailed description, please refer to Notes 1 and 28 to the Consolidated Financial Statements for the year ended December 31, 2018.

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,
2018 2017 2016 2015 2014
Consolidated data
Revenues 13,932 12,518 10,819 10,762 10,089
Income from operations (a) 1,439 1,098 853 1,061 1,108
Adjusted earnings before interest and income taxes (EBITA) (a) 1,288

969

724 942 999
Earnings before interest and income taxes (EBIT) 1,182

1,018

887 521 545
Earnings attributable to Vivendi SA shareowners 127

1,216

1,256 1,932 4,744
of which earnings from continuing operations attributable to Vivendi SA shareowners 127 1,216 1,236 699 (290)
Adjusted net income (a) 1,157

1,300

755 697 626
Financial Net Debt/(Net Cash Position) (a) (176)

2,340

(1,231) (7,172) (4,681)
Total equity 17,534

17,866

19,612 21,086 22,988
of which Vivendi SA shareowners’ equity 17,313

17,644

19,383 20,854 22,606
Cash flow from operations (CFFO) (a) 1,126

989

729 892 843

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

822 1,346 341 (69) 421
Financial investments (694)

(3,685)

(4,084) (3,927) (1,244)
Financial divestments 2,303

976

1,971 9,013 17,807
Dividends paid by Vivendi SA to its shareholders 568

499

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

203

1,623 492 32
Per share data
Weighted average number of shares outstanding 1,263.5

1,252.7

1,272.6 1,361.5 1,345.8
Earnings attributable to Vivendi SA shareowners per share – basic 0.10

0.97

0.99 1.42 3.52
Adjusted net income per share 0.92

1.04

0.59 0.51 0.46
Number of shares outstanding at the end of the period (excluding treasury shares) 1,268.0

1,256.7

1,259.5 1,342.3 1,351.6
Equity per share, attributable to Vivendi SA shareowners 13.65

14.04

15.39 15.54 16.73
Dividends per share paid 0.45

0.40

(b) 2.00 (c) 2.00 (d) 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.