Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Investor Presentation (April 2020)
15 slides from Cinemark's investor presentation, Apr 15, 2020
Slide 1: Investor Presentation: Liquidity and COVID-19 Update
Investor Presentation Liquidity and COVID-19 Update April 15, 2020 1
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS: This report release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and speak only as of the date hereof. The “
Slide 3: Agenda
Agenda • Cinemark Overview • 2019 Summary • COVID-19 Impact • CARES Act Overview • A Look Ahead 3
Slide 4: Cinemark Overview
Cinemark Overview • Geographically diverse worldwide exhibitor 345 Theatres 4,645 Screens – 554 theatres with 6,132 screens in 16 countries (1) • U.S. Operations – Third largest exhibitor in terms of market share (1) – 42 states, 105 DMAs – #1 or #2 in 80% of our top 25 markets (1) – Highest attenda
Slide 5: Highly Experienced Management Team
Highly Experienced Management Team Lee Roy Mitchell Mark Zoradi Founder & Executive Chairman CEO & Board Director Founded Cinemark in 1987, served as CEO Served as Cinemark’s CEO since 2015. Spent through 2006 and has served as Executive 30+ years as Walt Disney Company, most Chairman since 1996 rec
Slide 6: 2019 Financial Summary
2019 Financial Summary Amounts in millions 2019 Worldwide Results Highlights • Served ~280 million patrons globally • Achieved 5th consecutive year of record revenue with 5-Year top-line growth in U.S. and International segments 2019 CAGR • Exceeded North America industry box office growth Attendanc
Slide 7: Cinemark Business Update – COVID-19 Impact
Cinemark Business Update – COVID-19 Impact • As a result of a consistent focus on maintaining a healthy balance sheet and low leverage, Cinemark entered the global COVID-19 crisis in a strong financial position – As of March 31, 2020, the Company had a global cash balance of $479.4MM (1) • Due to th
Slide 8: CARES Act Overview
CARES Act Overview Provision Provision Overview Illustrative Cinemark Benefit Qualified Correction 'retail glitch' in 2017 tax reform Anticipate ~$20MM cash tax Improvement legislation that eliminated accelerated depreciation refund in 2020 related to QIP Property for Qualified Improvement Property
Slide 9: Theater Industry – A Look Ahead
Theater Industry – A Look Ahead • Historically, theatrical exhibition has been a Top Releases Already Re-Dated in 2H20 recession-resistant industry with box office growth in 3 of the past 4 recessions 3Q20 4Q20 • We believe pent-up demand for out-of-home entertainment, along with a backlog of strong
Slide 10: 2021 Film Slate
2021 Film Slate CENTURY CinéArts. Zrsedonn rave MAFEREX rE AST % wa Sus i e AVATA R ILLUMINATION rceseyrs MINIONS THE RISE OF GRU 10
Slide 11: Appendix
Appendix 11
Slide 12: Actions to Enhance Liquidity
Actions to Enhance Liquidity Film Rental and - Film rental is 100% variable; advertising has been suspended while theaters are closed Advertising Concession - Concession supplies are 100% variable Supplies - US: 17.5K hourly employees laid off; General Managers remain at 50% salary Salaries & Wages
Slide 13: Exhibition Industry Trends
Exhibition Industry Trends Stable, long-term industry growth trends across technology innovations and economic cycles North America Industry Box Office Trends Recliners and Recession year enhanced food DVD player Digital projector conversion Investments ... drops to$100 (DVD hey-day) Mass OTT stream
Slide 14: Non-GAAP Measure Reconciliations
Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Net Income to Adjusted EBITDA Reconciliation of Cash Flows Provided by Operating Activities to Free Cash Flow 2019 2019 Net income $193,848 Cash flows provided by operating activities $561,995 Add (deduct): Deduct: Income taxes 79,9
Slide 15: Thank You
Thank You 15
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