Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q2 2022 Earnings Presentation
22 slides from Cinemark's earnings presentation, Aug 5, 2022
Slide 1: Investor Presentation
Investor Presentation August 5, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS PURSUANT TO THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This presentation contains, and our officers and representatives may from time to time make, “forward–looking statements” within the meaning of the s
Slide 3: Cinemark Overview
Cinemark Overview
Slide 4: Cinemark Overview
Cinemark Overview One of the largest and most influential movie theatre companies in the world with 521 theaters with 5,855 screens in 16 countries (1) U.S. Operations (2) • 3rd largest exhibitor (screen count) • 42 states, 104 DMAs • #1 or #2 in box office revenues in 80% of our top 25 markets • Hi
Slide 5: Highly Experienced Management Team
Highly Experienced Management Team Sean Gamble Valmir Fernandes President & CEO President, International 15+ years of industry experience. Joined as 20+ years of Cinemark experience includes the past Cinemark’s CFO in 2014 after spending 5+ years as 10+ years as President of International following
Slide 6: Exhibition Industry Trends
Exhibition Industry Trends Stable, long-term industry growth trends across technology innovations and economic cycles North America Box Office Trends Recliners and enhanced food DVD player Digital projector conversion Investments drops to$100 (DVD heyday) Recession year Megaplex and Mass OTT streami
Slide 7: Pre-COVID Summary & Financials
Pre-COVID Summary & Financials
Slide 8: Initiatives to Drive Growth and Outperformance
Initiatives to Drive Growth and Outperformance Utilized balance sheet strength to pursue ROI-generating opportunities which led to peak capex cycles from 2015 – 2019, with investments that drove long-term customer engagement and positioned the company for ongoing success Heightened focus on the gues
Slide 9: Broad and Leading Presence in the Americas
Broad and Leading Presence in the Americas Strong presence across the U.S. and Latin America that is strategically important to film distributors as well as promotional partners 2019 Market Share - North America (1) 2019 Market Share - Key Latin American Markets (1) Cinemark 27% Cinepolis 37% AMC Ki
Slide 10: Consistent Industry Outperformance
Consistent Industry Outperformance Cinemark has surpassed North American industry box office growth 12 out of the past 13 years and has consistently led the industry in profitability(1) 2014 - 2019 Admission Revenue Growth (2) CNK Worldwide Adjusted EBITDA Growth (2,3) 22.9% +6% CAGR $745 17.3% $551
Slide 11: 2019 Financial Summary
2019 Financial Summary 2019 Worldwide Results(1) Highlights • Served ~280 million patrons globally 2019 5-Year CAGR • Achieved 5th consecutive year of record revenue with Attendance 280 1.2% top-line growth in U.S. and International3 segments Revenue $3,283 4.6% • Exceeded North America industry box
Slide 12: Recovery Update and Financial Results
Recovery Update and Financial Results
Slide 13: Highlights of Second Quarter 2022 Results
Highlights of Second Quarter 2022 Results We continue to make significant progress in recovering from the effects of the pandemic and are extremely well-positioned to benefit from the ongoing resurgence of theatrical moviegoing • Domestic box office outperformed the N. American industry results by m
Slide 14: Second Quarter 2022 Financial Summary
Second Quarter 2022 Financial Summary Q2 Worldwide Results (1) Q2 2022 Highlights 2Q 2Q 2Q • A more consistent cadence of new film content with broad consumer appeal drove moviegoing momentum 2022 2021 2019 • Delivered 152% year-over-year revenue growth to $744MM, Attendance 52.0 19.1 80.2 represent
Slide 15: A Look Ahead
A Look Ahead *
Slide 16: Ongoing Focus on Operational Excellence
Ongoing Focus on Operational Excellence Sustained progress in advancing our consumer, growth, and productivity initiatives to capitalize on the ongoing recovery of theatrical exhibition and position the company for long-term success Create exceptional guest experience through premium amenities and o
Slide 17: 2022 Notable Film Titles
2022 Notable Film Titles Quarter 3 Quarter 4 July 1 August 5 October 14 November 25 July 8 August 19 October 21 December 16 July 15 September 16 October 21 December 23 July 22 September 23 November 4 December 23 July 29 Re-Release September 23 November 11 December 23
Slide 18: 2023 Compelling Film Slate
2023 Compelling Film Slate OPPENHEIMER RISE OF THE BEASTS
Slide 19: Appendix
Appendix
Slide 20: FY 2021 Non-GAAP Measure Reconciliations
FY 2021 Non-GAAP Measure Reconciliations Reconciliation of Net Income/(Loss) to Adjusted EBITDA(1) Reconciliation of Cash Flows (Used for) Provided by Operating Activities to Free Cash Flow(1) FY 2021 FY 2019 FY 2021 FY 2019 Net Income/(Loss) ($422.2) $193.8 Cash flows (used for) provided by operati
Slide 21: 2Q 2022 Non-GAAP Measure Reconciliations
2Q 2022 Non-GAAP Measure Reconciliations Reconciliation of Net Income/(Loss) to Adjusted EBITDA(1) Reconciliation of Cash Flows (Used for) Provided by Operating Activities to Free Cash Flow(1) 2Q 2022 2Q 2021 2Q 2019 2Q 2022 2Q 2021 2Q 2019 Net Income/(Loss) ($72.8) ($142.3) $101.9 Cash flows (used
Slide 22: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671