Slides
Page 1
IMPORTANT NOTICEFinancial results for the first half ended June 30, 2026.Unaudited and prepared in compliance with IFRS.Investors are strongly advised to read the important disclaimers at the end of this presentation.
Page 4
Page 8
(1) Positions in % as of June 30, 2026. (2) 3% directly held by Vivendi and 13% held by Simon Fiduciaria pursuant to the agreement with Fininvest dated July 22, 2021.(3) 9.2% of the voting rights.(4) 7.74% of the voting rights. •Strategic investment to remain associated with the long-term development of the world leader in music-based entertainment •Engaged in recorded music, music publishing, music-based merchandise & audio-visual content•Investment in the European leader in television, audiovisual production and Internet•Investment in the world leader in the production and distribution of television programs and French leader of online sports betting Listed on Euronext Amsterdam Listed on Euronext Amsterdam Listed on Borsa Italiana 9.89 % 15.92%(2) 18.84 %(3)•Investment in the media and education leader in Spain and the Spanish-speaking world•Owns El Pais, Santillana, Cadena SER, Radio Caracol, AS and Los 40 Principales Listed on Bolsa de Madrid 11.19 %•Investment in one of the global leaders in the Travel Retail industry as well as in consumer book publishing and in other media activities (newspapers, radio stations, live entertainment) 13.26 % (4) Listed on Euronext Paris
Page 10
(1,501) (1,591) 29 3 (40) (40) (22) (20) (1 650) (1 600) (1 550) (1 500) (1 450) (1 400) Financial net debt as of Dec. 31, 2025 CFFO Divestitures of listed investments and others Acquisition of 13.58% ownership interest in Prisma Media and 100% of V Collection Dividends paid by Vivendi SE Interest, taxes and other Discontinued operations Financial net debt as of June 30, 2026
Page 12
DD•••
Page 13
•••• ••••
Page 15
D (D
Page 21
The non-GAAP measures defined below should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance. Vivendiconsiders these to be relevant indicators of the group’s operating and financial performance. Moreover, it should be noted that other companies may have different definitions andcalculations for these indicators that differ from those used by Vivendi, thereby affecting comparability.D.Adjusted earnings before interest and income taxes and amortization (EBITA):corresponds to EBIT before the amortization of intangible assets acquired through businesscombinations, impairment on goodwill and other intangibles acquired through business combinations and other income and charges related to transactions with shareowners(unless these are directly recorded in equity).EBITDA:corresponds to EBITA before amortization and depreciation of tangible and intangible assets, restructuring charges, gains/(losses) on the sale of tangible and intangibleassets, share of income from equity affiliates - operational and other non-recurring operating items.Cash flow from operations (CFFO):Net cash provided by operating activities after capital expenditures net, dividends received from equity affiliates and non-consolidatedcompanies as well as cash payments for the principal of lease liabilities and any interest thereon but before income taxes paid.Financial net debt:Borrowings at amortized cost, less cash and cash equivalents, cash management financial assets as well as derivative financial instruments, net (assets andliabilities) where the underlying instruments are financial net debt items, and cash deposits backing borrowings.Unless otherwise stated, the percentage changes presented herein are calculated in relation to the previous accounting year. Due to rounding, numbers presented throughout thispresentation may not add up precisely to the totals provided, and percentages may not exactly reflect the absolute figures.
Page 22
Cautionary note regarding forward-looking statementsThis presentation may contain forward-looking statements with respect to Vivendi’s financial condition, results of operations, businesses, strategy and outlook, including the impact ofcertain transactions, and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of Vivendi’s future performance. Actual results may differ materially from the forward-looking statements as a result of anumber of risks and uncertainties, many of which are outside Vivendi’s control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any otherapprovals which may be required in connection with certain transactions, as well as the risks described in the documents of the group filed by Vivendi with theAutorité des MarchésFinanciers(French securities regulator) and its press releases, if any, which are also available in English on Vivendi's website (www.vivendi.com). Investors and security holders may obtaina free copy of documents filed by Vivendi with theAutorité des Marchés Financiersat www.amf-france.org, or directly from Vivendi. These forward-looking statements are made as of thedate of this presentation and should be considered only as of that date. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether asa result of new information, future events or otherwise. This presentation does not contain or constitute an offer of securities or an invitation to invest either in France or abroadUnsponsored ADRsVivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever toVivendi. Vivendi disclaims any liability in respect of any such facility.For all financial or business information, please visit the Investor Relations section of our website at: http://www.vivendi.com