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Universel Registration Document

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Universel Registration Document For translation purposes only Universel Registration Document Fiscal year 2020 The Registration Document was approved on 18 June 2021 by the Autorité des marchés financiers (AMF), in its capacity as competent authority under Regulation (EU) No 2017/1129. The Autorité des Marchés Financiers (AMF) approves this universal registration document after having verified that the information contained in it is complete, consistent and understandable. The universal registration document has the following approval number: R.21-035. Such approval should not be regarded as a favourable opinion on the issuer that is the subject of the universal registration document. The universal registration document may be used for the purpose of a public offering of financial securities or the admission of financial securities to trading on a regulated market if it is supplemented by a prospectus and, where applicable, a summary and its amendment (s). In such cases, the securities note, the summary and all amendments to the universal registration document since its approval shall be approved separately in accordance with the second subparagraph of Article 10 (3) of Regulation (EU) No 2017/1129. The Universal Registration Document is valid until 18 June 2022 and, during this period and at the latest at the same time as the Transaction Note and under the conditions of Articles 10 and 23 of Regulation (EU) No 2017/1129, will have to be supplemented by a supplement to the Universal Registration Document in the event of significant new facts or substantial errors or inaccuracies. Copies of this universal registration document are available free of charge: • At the Company's registered office or on the Company's website; • And on the AMF website (www.amf france.org). Pursuant to Article 19 of EU Regulation No. 2017/1129 of the European Commission, this universal registration document incorporates by reference the following information, to which the reader is invited to refer: The consolidated financial statements and the Statutory Auditors' report on the consolidated financial statements for the year ended 31 December 2020, included respectively on pages 66 to 130 and page 156; and the management report for the year ended 31 December 2020 included on pages 4 to 31 of the Annual Financial Report filed with the AMF on April 29, 2021.Lien: https://www.actusnews.com/documents_communiques/ACTUS-0-68967-fy20-ATEME- rapport-financier-2020-fr.pdf The consolidated financial statements and the Statutory Auditors' report on the consolidated financial statements for the year ended 31 December 2019, included respectively on pages 31 to 66 and page 157; and the management report for the year ended 31 December 2019, included on pages 4 to 31 of the Annual Financial Report filed with the AMF on 29 April 2020. Link: https://www.actusnews.com/documents_communiques/ACTUS-0-63228-ATEME- rapport-financier-au-31-12-2019-v2904-1600-clean-vdef.pdf The consolidated financial statements and the Statutory Auditors' report on the consolidated financial statements for the year ended 31 December 2018, included respectively on pages 59 to 118 and page 141; and the management report for the year ended 31 December 2019, included on pages 4 to 27 of the Annual Financial Report filed with the AMF on 29 April 2019. Link: https://www.actusnews.com/documents_Communication/ACTUS-0-58187-12.2018-rfa- vconso vf 2904-1630.pdf Universal Registration Document 2020 Contents Chapter 1. PERSONS RESPONSIBLE, THIRD PARTY INFORMATION, EXPERT REPORTS AND APPROVAL BY THE COMPETENT AUTHORITY _____________________________________________________________ 7 1.1. Name of the person responsible ____________________________________________________ 7 1.2. Declaration by the person responsible ______________________________________________ 7 1.3. Expert reports _____________________________________________________________________ 7 1.4. Information from third parties _______________________________________________________ 7 1.5. Approval by the AMF ______________________________________________________________ 7 Chapter 2. STATUTORY AUDITORS ___________________________________________________________ 8 2.1. Name of the Statutory Auditors _____________________________________________________ 8 2.2. Statutory Auditors who have resigned, been removed from office or have not been renewed ______________________________________________________________________________ 8 Chapter 3. RISK FACTORS __________________________________________________________________ 9 3.1. Segmentation and principle of risk prioritisation _____________________________________ 9 3.2. Market and industry risks __________________________________________________________ 10 3.3. Financial risks ____________________________________________________________________ 14 3.4. Risks Relating to the Company ____________________________________________________ 16 3.5. Legal risks ________________________________________________________________________ 18 Chapter 4. INFORMATION ABOUT THE ISSUER _______________________________________________ 23 4.1. Legal and commercial name - Article 3 of the Articles of Association ________________ 23 4.2. Place of registration and legal entity identifier and registration number ______________ 23 4.3. Date of incorporation (Article 1 of the Articles of Association) and term (Article 5 of the Articles of Association) _______________________________________________________________ 23 4.4. Other information regarding ATEME ________________________________________________ 23 Chapter 5. BUSINESS OVERVIEW ___________________________________________________________ 25 5.1. Principal activities ________________________________________________________________ 25 5.2. Principal markets _________________________________________________________________ 28 5.3. Important events in the development of the business _______________________________ 34 5.4. Strategy and objectives ___________________________________________________________ 34 5.5. Dependence of the issuer on patents or licences, industrial, commercial or financial contacts or new manufacturing processes _____________________________________________ 37 5.6. Competitive position of the Company _____________________________________________ 40 5.7. Investments ______________________________________________________________________ 44 5.8. Important events in the development of the business _______________________________ 45 Chapter 6. ORGANIZATIONAL STRUCTURE __________________________________________________ 48 6.1. Belonging to a group _____________________________________________________________ 48 6.2. Main subsidiaries _________________________________________________________________ 48 Chapter 7. OPERATING AND FINANCIAL REVIEW ____________________________________________ 50 7.1. Financial position _________________________________________________________________ 50 7.2. Consolidated operating income ___________________________________________________ 58 Chapter 8. CAPITAL RESOURCES ___________________________________________________________ 68 8.1. Consolidated shareholders' equity and financial debt ______________________________ 68 8.2. Consolidated cash flows __________________________________________________________ 72 8.3. Financing needs and funding structure _____________________________________________ 73 8.4. Restrictions on the use of capital resources _________________________________________ 74 4 / Universal Registration Document 2020 8.5. Anticipated sources of funds ______________________________________________________ 74 Chapter 9. REGULATORY ENVIRONMENT ____________________________________________________ 76 9.1. Regulations applicable to the activities of ATEME ___________________________________ 76 Chapter 10. TREND INFORMATION _________________________________________________________ 80 10.1. Key trends ______________________________________________________________________ 80 10.2. Areas that could influence ATEME's prospects _____________________________________ 81 Chapter 11. PROFIT FORECASTS OR ESTIMATES ______________________________________________ 82 11.1. Previous publications of forecasts or estimates ____________________________________ 82 11.2. New forecast or estimate ________________________________________________________ 82 11.3. Forecast or estimate statement ___________________________________________________ 82 Chapter 12. ADMINISTRATIVE, MANAGEMENT, SUPERVISORY AND SENIOR MANAGEMENT BODIES ORGANES D’ADMINISTRATION, DE DIRECTION, DE SURVEILLANCE ET DE DIRECTION GÉNÉRALE 83 12.1. General information _____________________________________________________________ 83 12.2. Conflicts of interest at the level of the Board of Directors, management and supervisory bodies and General Management ____________________________________________________ 86 Chapter 13. COMPENSATION AND BENEFITS ________________________________________________ 87 13.1. REMUNERATION VERSEE AND BENEFITS IN KIND _____________________________________ 87 13.2. PROVISIONED OR STATEES BY ATEME OR ITS SUBSIDIARIES FOR THE PAYMENT OF PENSIONS, RETIREMENT OR OTHER BENEFITS _____________________________________________ 92 Chapter 14. BOARD PRACTICES ____________________________________________________________ 94 14.1. TERMS OF OFFICE (EXPIRATION DATE AND EXPIRATION DATE OF TERM OF OFFICE) _____ 94 14.2. INFORMATION ON SERVICE CONTRACTS ___________________________________________ 97 14.3. COMPOSITION INFORMATION ____________________________________________________ 97 14.4. THE COLLEGE
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