Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q3 2021 Earnings Presentation
24 slides from Cinemark's earnings presentation, Nov 5, 2021
Slide 1: Investor Presentation
Investor Presentation November 5, 2021 1
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS: Certain matters within this presentation include “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. The “forward-looking s
Slide 3: Cinemark Overview
Cinemark Overview 3
Slide 4: Cinemark Overview
Cinemark Overview 324 Theatres 4,440 Screens(1) • One of the largest and most influential movie theatre companies in the world – 524 theatres with 5,897 screens in 16 countries (1) • U.S. Operations (2) – Third largest exhibitor in terms of market share – 42 states, 104 DMAs – Historically #1 or #2
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 at Walt Disney Company, most Chairman since 1996 rec
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) Mass OTT streaming adoption ... Recessio
Slide 7: Pre-COVID Summary & Financials
Pre-COVID Summary & Financials 7
Slide 8: 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 America1 2019 Market Share - Key Latin American Markets1 Cinemark 27% Cinepolis 37% Kinoplex AMC
Slide 9: Initiatives to Drive Growth and Outperformance
Initiatives to Drive Growth and Outperformance Cinemark’s strategic initiatives drove growth and consistent outperformance leading into the crisis. While the initiatives are currently being reprioritized, we expect these to be a focus over the long-term. 1 Create an extraordinary in- theatre guest e
Slide 10: Consistent Industry Outperformance
Consistent Industry Outperformance Cinemark has surpassed North American industry box office growth 47 out of the past 51 quarters and has consistently led the industry in profitability 2014 - 2019 Admission Revenue Growth 1 CNK WW Adjusted EBITDA Growth 1, 2 +6% 22.9% CAGR $745 17.3% $551 10.1% Nor
Slide 11: 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 top- 5-Year line growth in U.S. and International2 segments 2019 CAGR • Exceeded North America industry box office growth by Atte
Slide 12: Pandemic Recovery Update and Financial Results
Pandemic Recovery Update and Financial Results 12
Slide 13: Pandemic Recovery Status
Pandemic Recovery Status Positive momentum regarding the rebound of theatrical exhibition; Cinemark is well Recovery Update Recovery Considerations • ~93% of North American industry screens operating with 100% of Cinemark domestic screens re-opened • Able to operate in each of our 15 Latin American
Slide 14: Operational and Promotional Advancements
Operational and Promotional Advancements Have enacted, and are continuing to pursue, varied productivity and efficiency initiatives while focusing on efforts to maximize attendance and drive new ancillary revenue opportunities. Optimizing operating hours and showtime schedules through utilization of
Slide 15: Highlights of 3Q21 Results
Highlights of 3Q21 Results We continue to make significant progress in recovering from the effects of the pandemic and are extremely well-positioned to benefit during the ongoing resurgence of theatrical moviegoing • 3Q21 domestic box office of $195.3MM over-indexed the industry results by 700 Box b
Slide 16: YTD 3Q 2021 Financial Summary
YTD 3Q 2021 Financial Summary Amounts in millions YTD 3Q 2021 Worldwide Results Highlights • The industry ramp up continues to progress, and we are highly YTD YTD encouraged with increasing consumer demand for the cinematic experience and box office momentum 3Q’21 3Q’19 • LatAm continues to lag the
Slide 17: A Look Ahead
A Look Ahead 17
Slide 18: 4Q21 Film Slate Highlights
4Q21 Film Slate Highlights Spider-Man: No Way Home December 17 Venom October 1 Ghostbusters: Afterlife Eternals November 19 Matrix Resurrections November 5 December 24 West Side Story December 10 No Time to Die Dune October 8 October 22 Encanto November 26 Sing 2 December 24 OCT NOV DEC House of Guc
Slide 19: 2022 Notable Film Titles
2022 Notable Film Titles Quarter 1 Quarter 2 Quarter 3 Quarter 4 May 6 March 4 July 8 Disney Warner Bros. Disney December 16 Disney January 28 Sony July 1 Universal June 10 November 11 Universal Disney March 11 Disney June 17 July 29 Disney Warner Bros. December 16 Warner Bros. March 18 September 30
Slide 20: Robust 2022 Film Slate
Robust 2022 Film Slate Thor: Love and Thunder Doctor Strange in the July 8 Avatar 2 December 16 The Batman Multiverse of Madness Disney Disney March 4 Black Panther: May 6 Warner Bros. Disney Wakanda Forever November 11 Disney Lightyear June 17 Spider-Man: Into Sonic the Disney the Spider-verse 2 Bl
Slide 21: Appendix
Appendix 21
Slide 22: FY 2020 Non-GAAP Measure Reconciliations
FY 2020 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows (Used for) Reconciliation of Net Income/(Loss) to Adjusted EBITDA Provided by Operating Activities to Free Cash Flow FY 2020 FY 2019 FY 2020 FY 2019 Net Income/(Loss) ($617,948) $193,848 Cash flows (used for) prov
Slide 23: YTD 3Q 2021 Non-GAAP Measure Reconciliations
YTD 3Q 2021 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows Used for Reconciliation of Net Loss to Adjusted EBITDA Operating Activities to Free Cash Flow YTD YTD YTD YTD 3Q 2021 3Q 2019 3Q 2021 3Q 2019 Net Loss ($428,697) $167,009 Cash flows used for operating activiti
Slide 24: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671 24