Press Release

                             Q3 & 9M 2023 Revenues
  In a context of weak market demand, 2023 guidance maintained for Ebitda and
              Ebita but adjusted down for free cash flow (FCF)(1).
                           Revenues down 38% in Q3.
                          Visibility limited for 2024.

Paris (France), October 26th, 2023 - Vantiva (Euronext Paris: VANTI) is today
announcing its unaudited Q3 2023 revenues.
Thanks to strict operational efficiency and despite anticipated adverse market
conditions in Q3, the guidance is maintained for EBITDA and EBITA. FCF(1) is
expected to be positive, but lower than the previous guidance, mainly because of
developments in working capital.
On a challenging base of comparison for Connected Home, Vantiva experienced a
38% revenue decline in the quarter due to decreasing market demand.
Visibility for 2024 is limited, but first indications demonstrate a need for
prudency about the market development.
The group's revenues amounted to EUR473m in the quarter, down 38% (-34% at
constant exchange rate).

  * Connected Home contributed EUR339m, a decrease of 42% (-37% at constant
    exchange rate).

* SCS contributed EUR134m, a decrease of 26% (-22% at constant exchange rate). * With the announcement of the projected acquisition of CommScope Home
Networks activities, Vantiva has achieved a key strategic milestone which is expected be a game changer for the group.
* The Group's liquidity position at September 30(th) stood at EUR39m (including

    EUR16m of undrawn credit facility). Since then a new EUR85m financing, maturing
    March 24(th) 2024, has been signed.
  * FY guidance unchanged for adjusted EBITDA and EBITA, but FCF(1) still
    expected positive, should be lower than expected.

Luis Martinez-Amago, Chief Executive Officer of Vantiva, said:
"Our solid operating performance and continuing efficiencies are allowing us to
confirm our guidance for EBITDA for the year. This is being achieved in a market
with weaker demand from our customers due to the overall macroeconomic
conditions, as previously communicated. Performance is nevertheless still in the
range of our scenarios. The FCF (1) will be lower than the guidance due to the
timing of revenues within Q4 for Connected Home.
We expect the market to remain weak in 2024. However, with the announced
agreement to acquire CommScope's Home Division, we are in a perfect position to
reinforce our operational performance from a customer perspective, and from an
efficiency and productivity perspective. We anticipate that a sizeable amount of
synergies will be realized, which will improve our profitability and performance
over the coming years. We continue to believe in the mid to long term
attractiveness of our markets, and we keep investing in making Vantiva a leading
player of the industry."
I. Q3 & 9M 2023 Revenues
+-------------------------------+--------------------------------+ | Q3 | 9M | +-------------------------------+--------------------------------+ In EUR million,| Change at | Change at |
continuing | Actual Constant | 2022 Actual Constant | operations |2023 2022 Change Rate |2023 Change Rate | --------------+-------------------------------+--------------------------------+
Revenues | 473 765 (38)% (34)%|1,511 1,958 (23)% (21)%| Q3 2023 Key Highlights
The deterioration of the economic environment worldwide, together with the rise
in inflation and in interest rates explain the sharp fall in demand in our main
markets. This, combined with high levels of inventories, led our clients to cut,
or at least to postpone, their orders. Both divisions have been significantly
impacted by this negative trend and showed decreasing revenues in the quarter on
high base of comparison. The revenue trend and the change of timing for some
orders have penalized the development of our working capital, and in consequence
our liquidity situation has been negatively impacted. A new financing of EUR85m,
maturing in March 2024, has been put in place in October to meet this temporary
liquidity need.
Outlook
Thanks to the continuing efforts to improve our operational efficiency, and as
Q4 is traditionally stronger than Q3, the full year guidance remains unchanged
for adjusted EBITDA and EBITA. However we are revising our FCF(1) guidance from
more than EUR50m to positive, mostly because of the negative movement in working
capital already mentioned.
2024 is likely to be another difficult year for our industry, and we anticipate
a lower group performance than for 2023 at constant scope.
Guidance for the fiscal year 2023:

  * EBITDA > EUR140m         Unchanged
  * EBITA> EUR 45 m         Unchanged
  * FCF((1)) > EUR50m         > 0m
      * Q3 & 9M Segment Review
    Connected Home Revenues breakdown by product   Q3 9M In EUR million,
    continuing operations 2023 2022 Actual Change Change at Constant Rate 2023
    2022 Actual Change Change at Constant Rate Revenues 339 584 (42.0)% (37.3)%
    1,146 1,481 (22.6)% (20.9)%   o/w Broadband   284 414 (31.5)% (26.2)%
    931 1,108 (16.0)% (14.5)% o/w Video 55 171 (67.8)% (64.5)% 215 373 (42.3)%
    (40.2)% Connected Home revenues represented 72% of group revenues in the
    quarter (76% in Q3 22), and totaled EUR339 million, down 42%. At constant
    exchange rate, the decline would have been 37% compared with Q3 2022. As in
    the previous quarters, Video activities have suffered in all regions, while
    Broadbrand showed some growth in Latam and EMEA, but this was not enough to
    offset the decrease in North America and APAC. This development in revenue

resulted from a fall in demand from our main clients in North America, which

    have faced a high level of inventory. Both the Fiber and Video businesses
    have been particularly hit in the region. In Latin America, especially in

Brazil, the market has been also relatively weak as economic conditions were

    adverse. However, Fiber products' strong growth has mitigated lower demand
    for DOCSIS products. In EMEA, the situation has not been significantly
    better, with a strong decline for DOCSIS and Video products, not fully
    compensated by high growth in Fiber. In APAC, on the one hand, one of our
    large customers, facing a high level of inventories for gateways in a

context of softening demand, adjusted its volume of orders, and on the other

    hand demand in India for Video devices was weak. As management had
    anticipated a declining demand, strict cost control and efficiency measures

have been put in place without delay in order to defend the profitability of

    the business. Connected Home continues to prepare the next generation of
    devices based on DOCSIS4.0 and Wi-Fi 7 technologies to support its growth,
    and win its first contracts for 5G FWA technology in North America and
    Europe.
      Supply Chain Solutions   Q3 9M In EUR million, continuing operations
    2023 2022 Actual Change Change at Constant Rate 2023   2022 Actual Change
    Change at Constant Rate Revenues 134 181 (26)% (22)% 365 476 (23)% (22)%
    Supply Chain Solutions' revenues for the quarter represented 28% of Group
    revenues (24% in Q3 22) and totaled EUR134 million in the quarter, a 26%
    decrease compared to Q3 22. At constant exchange rate the drop would have
    been 22%. This decline was not only due to the structural downward trend
    affecting the optical discs business, but also to the economic conditions
    which has penalized the discretionary consumption. All major studios have
    revised downwards their orders, and volumes of disc were down 33% in the
    quarter. Some pricing actions have mitigated the negative impact on the
    revenues. Vinyl volumes have grown although not reaching expectations. The
    other diversification activities also suffered from this general slowdown.
      ### Warning: Forward Looking Statements This press release contains
    certain statements that constitute "forward-looking statements", including
    but not limited to statements that are predictions of or indicate future
    events, trends, plans or objectives, based on certain assumptions or which
    do not directly relate to historical or current facts. Such forward-looking
    statements are based on management's current expectations and beliefs and
    are subject to a number of risks and uncertainties that could cause actual
    results to differ materially from the future results expressed, forecasted,
    or implied by such forward-looking statements. For a more complete list and

description of such risks and uncertainties, refer to Vantiva's filings with

    the French Autorité des marchés financiers. 2021 Universal Registration
    Document (Document d'enregistrement universel) has been filed with the

French Autorité des marchés financiers (AMF) on April 26, 2023, under number

    D-23-0337.   ###
      About Vantiva Pushing the Edge Vantiva shares are admitted to trading on
    the regulated market of Euronext Paris (VANTI). Vantiva, formerly known as

Technicolor, is headquartered in Paris, France. It is an independent company which is a global technology leader in designing, developing and supplying
innovative products and solutions that connect consumers around the world to

    the content and services they love - whether at home, at work or in other
    smart spaces. Vantiva has also earned a solid reputation for optimizing
    supply chain performance by leveraging its decades-long expertise in high-
    precision manufacturing, logistics, fulfillment and distribution. With
    operations throughout the Americas, Asia Pacific and EMEA, Vantiva is
    recognized as a strategic partner by leading firms across various vertical
    industries, including network service providers, software companies and
    video game creators for over 25 years. The group's relationships with the
    film and entertainment industry goes back over 100 years by providing end-
    to-end solutions for its clients. Vantiva is committed to the highest
    standards of corporate social responsibility and sustainability across all
    aspects of their operations. For more information, please visit vantiva.com
    (https://www.vantiva.com/) and follow Vantiva on LinkedIn
    (https://www.linkedin.com/company/vantiva/) and Twitter
    (https://twitter.com/vantiva). Contacts Vantiva Investor Relations
                                           Image 7 for Vantiva
    investor.relations@vantiva.com (mailto:investor.relations@vantiva.com)
                                           vantiva.press@image7.fr
    (mailto:vantiva.press@image7.fr)

Â