Imax Corporation · NYSE:IMAX
Imax — Merger or Acquisition (July 2023)
8 slides from Imax's merger presentation, Jul 13, 2023
Slide 1: IMAX Corporation to Acquire Full Ownership of IMAX China
Exhibit 99.1 IMAX Corporation to Acquire Full Ownership of IMAX China Disclaimer: No statement in this investor presentation should be interpreted to mean that the earnings Ju l y 12 , 20 23 of IMAX Corporation or IMAX China for the current year or future years will necessarily match or exceed the h
Slide 2: Strong Rationale for IMAX Corporation to Acquire Full Ownership of IMAX China
Strong Rationale for IMAX Corporation to Acquire Full Ownership of IMAX China FINANCIAL • Immediately earnings accretive (based on historical financials) • Enables public company cost savings • Enables group tax planning to unlock tax efficiencies • Flexibility in group cash planning and usage STRUC
Slide 3: Consolidating all of IMAX China is Financially Attractive
Consolidating all of IMAX China is Financially Attractive IMAX China’s scale and asset lite, flexible business model results in strong and durable profitability • IMAX China Adjusted EBITDA in 2022 was $38M despite COVID headwinds China’s reopening has resulted in improving financials as reflected i
Slide 4: Transaction Overview: IMAX Corporation to Fully Acquire IMAX China
Total Stake Acquiring: Remaining 28.4% stake or 96.3M IMAX China IMAX Shares Corporation to Total Consideration: $124 million, HK$10 per share representing an approximate 49% premium to the 30-trading Fully Acquire day average closing price of IMAX China IMAX China Source of Funds: Funded through in
Slide 5: Appendix
APPENDIX : . ' aie
Slide 6: Use of Non-GAAP Financial Measures
US E O F NO N - GA A P F I N A N C I A L M E A S U R E S In this presentation, IMAX Corporation presents Adjusted EBITDA per Credit financial statements to view operating trends and analyze controllable Facility, and Adjusted EBITDA margin as supplemental measures of its operating performance on a c
Slide 7: Q1 Financial Reconciliation — Adjusted EBITDA
Q1 2 0 2 3 N O N - GA A P F I N A N C I A L R E C O N C I L I A T I O N — AD J U ST E D E B I T D A 3 M O N T H S E N D E D M A R C H 31 , 2 0 2 3 Attributable to Less: Attributable to $ I N T HO U S A N D S Non-Controlling Interests & Attributable to Non- Common Shareholders Common Shareholders Con
Slide 8: FY Financial Reconciliation — Adjusted EBITDA
FY 2 0 2 2 N O N - GA A P F I N A N C I A L R E C O N C I L I A T I O N — AD J U ST E D E B I T D A 12 M O N T H S EN D ED D EC EM BER 3 1, 2 0 2 2 Attributable to Less: Attributable to Non-Controlling Interests & Attributable to Non- $ I N T HO U S A N D S Common Shareholders Common Shareholders Co