Slide 1: Investor Presentation
I N V E S TO R P R E S E N TAT I O N A P R IL 2026 ® IMAX Corp.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward looking statements that are based on IMAX Corporation (the conditions, changes and developments in the commercial exhibition industry; the Company’s ability to “Company”) management’s assumptions and existing information and involve certa
Slide 3: Strategic Update
Strategic Update Richard Gelfond Chief Executive Officer
Slide 4: Unique IMAX Entertainment Platform Drives Strong Profitability and Long-Term Growth Opportunities
INVESTMENT HIGHLIGHTS Unique IMAX Entertainment Platform Drives Strong Profitability and Long-Term Growth Opportunities IMAX is the Unrivaled premium Unmatched global Long runway for Significant operating Strong capital structure & future of moviegoing luxury brand network scale platform growth leve
Slide 5: IMAX is a Consistent Winner in the Dynamic Media and Entertainment Landscape
IMAX IS IN A STRONG INDUSTRY POSITION IMAX is a Consistent Winner in the Dynamic Media and Entertainment Landscape IMAX Benefits From Strong Secular Tailwinds 14+ Filmed for IMAX titles expected in 2026 Growing Demand for IMAX Amongst Filmmakers and Studios 15% Domestic indexing for FFI titles in 20
Slide 6: End-to-End Technology Powers Creativity from Creation to Delivery
End-to-End Technology Powers Creativity from Creation to Delivery THE IMAX EXPERIENCE SHOT WITH IMAX VIEWED IN THE SUPERIOR AMPLIFIED BY IMAX EXTENDING TO THE OPTIMIZED BY IMAX CAMERAS IMMERSIVE FORMAT HOME Lightyear Movies shot with IMAX certified IMAX’s proprietary digital IMAX’s comprehensive sol
Slide 7: Strong Operating Leverage Drives Accelerated Profit Growth
STRONG OPERATING LEVERAGE DRIVES ACCELERATED PROFIT GROWTH Robust Growth Across Financial Metrics Since Pandemic $ in millions $ in millions REVENUE T O TA L A D J U S T E D E B I T D A & M A R G I N % (1)(2) ~13% CAGR +20% CAGR $410 * $185 * $375 $352 $144 $139 $301 $255 $89 $96 45.1% 38.4% 39.4% 3
Slide 8: A Truly Global Premium Entertainment Platform
A TRULY GLOBAL PREMIUM ENTERTAINMENT PLATFORM W E S T E R N E U R O P E 1,798 C A N A D A 41 154 Commercial Multiplex Locations 91 Countries & Territories U N I T E D S T A T E S 385 G R E A T E R C H I N A IMAX network 798 100+ accounts for >50% of 1-99 L A T I N total global premium None A M E R I
Slide 9: IMAX Worldwide Target Market
IMAX WORLDWIDE TARGET MARKET Significant Rest of World Expansion Opportunity – only 35% Penetrated 4,466 1,889 1,634 2,367 53% 653 40% 1226 65% 943 Unpenetrated Market 301 7% 183 11% IMAX New System Backlog IMAX Network 488 52% 89 5% 29 3% 1798 40% 798 49% 574 30% 426 45% Domestic Greater China RoW
Slide 10: Strong Share of Global Box Office on Less than 1% of Screens
STRONG MARKET SHARE ACROSS GLOBAL BOX OFFICE Strong Share of Global Box Office on Less than 1% of Screens I M A X B OX O F F I C E M A R K E T S H A R E 1, 2 6.0% 5.5% 5.4% 5.2% 5.1% 5.0% 4.8% 4.4% 4.4% 4.5% 4.2% 3.9% 3.8% 4.0% 3.7% 3.7% 3.8% 3.8% 3.3% 3.2% 3.3% 3.2% 3.0% 3.0% 2.6% 3.1% 2.3% 2.5% 2.
Slide 11: Results Driven by Strong Market Share and Fan Engagement
RESULTS DRIVEN BY STRONG MARKET SHARE AND FAN ENGAGEMENT Growing IMAX Fandom Fueling Demand for IMAX by Filmmakers, Consumers, Exhibitors and Studios INCREASING IMAX BLOCKBUSTER MARKET SHARE1 EMERGING AREAS OF AUDIENCE GROWTH Top 10 Grossing IMAX Titles – Domestic Opening Weekend Market Share 14.4%
Slide 12: IMAX is Widening the Content Aperture
CONTENT STRATEGY IMAX is Widening the Content Aperture ICONIC LOCAL LANGUAGE SPORTS CONCERTS LAUNCH EVENTS D O C U M E N TA R I E S RE-RELEASES IMAX INVESTOR PRESENTATION 12
Slide 13: Expected Upcoming Hollywood Slate
E X P E C T E D U P C O M I N G 2 0 2 6 H O L L Y W O O D S L A T E Exceptional Upcoming Slate in 2026 Including The Odyssey, Narnia, and Dune Part Three S P I D E R - M A N : S U P E R G I R L B R A N D N E W D A Y 1 T H E E N D O F O A K T H E D O G R E S I D E N T S T R E E T T H E G R E A T A V
Slide 14: IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises
E X P E C T E D 2 0 2 7 H O L L Y W O O D S L A T E IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises CHILDREN OF STAR WARS THE THOMAS SONIC THE GODZILLA X PANIC LEGEND OF STAR WARS: BLOOD AND 5 0 TH CROWN HEDGEHOG 4 KONG: CAREFULLY ZELDA STARFIGHTER BONE ANNIVERSARY AFFAIR SUPERNOVA
Slide 15: In Addition to Hollywood, Good Visibility Into Local Language Slate
E X P E C T E D L O C A L L A N G U A G E S L A T E In Addition to Hollywood, Good Visibility Into Local Language Slate BRAZIL JAPAN THAILAND JAPAN JAPAN SECRET WORLD OF WHISPER OF THE 2DIE4 GOLDEN KAMUY 2 GHOST BOARD ARRIETTY HEART JAPAN CHINA SOUTH KOREA INDIA CHINA SAKAMOTO DAYS COLD WAR 1994 COL
Slide 16: Local Language Content Drives Box Office Incrementality and System Demand in Growth Markets
Local Language (LL) Content Drives Box Office Incrementality and System Demand in Growth Markets REGIONAL HIGHLIGHTS 2025 IMAX LL box office of $405M, 66% above previous full year record China: • 6 out the top-10 Chinese IMAX titles in 2025 were LL • Record 2025 Chinese New Year with CNY titles gros
Slide 17: IMAX is Partnering with Streaming Platforms to Eventize and Launch Content
IMAX is Partnering with Streaming Platforms to Eventize and Launch Content* 2027 Thomas Crown Affair Exclusive deal with Apple to Greta Gerwig's Narnia in 2026 livestream Formula 1 races in 2026 • Two -w eek I M AX ex cl us iv e run ov er • Five grand prix races across at Thanksgiving of 2026 least
Slide 18: Financial Review
Financial Review Natasha Fernandes Chief Financial Officer
Slide 19: Track Record of Delivering on Guidance
FINANCIAL GUIDANCE AND PERFORMANCE Track Record of Delivering on Guidance 2023 2023 2024 2024 2025 2025 Guidance Results Guidance Results Guidance Results IMAX Global Similar to ~$1.1B $1.06B $901M >$1.2B $1.28B Box Office1 2023 Adjusted EBITDA Mid-30’s 36.7% High-30’s 39.4% Low-40’s 45.1% Margin2 S
Slide 20: Full-Year 2026 Guidance
FULL-YEAR 2026 GUIDANCE Exceptional Slate and Network Growth Position IMAX for Another Record Year 2024 2025 2026 ACTUALS ACTUALS GUIDANCE IMAX BOX OFFICE $920M $1.28B ~$1.4B SYSTEM INSTALLATIONS 146 160 160 - 1751 Mid-40s TOTAL ADJUSTED EBITDA MARGIN % 2 39.4% 45.1% (Floor of 45%) (1) Expect for FY
Slide 21: Long-Term Guidance
LONG-TERM GUIDANCE Three-Year Financial Targets Highlight Sustainable Growth and Margin Expansion FREE CASH FLOW CONVERSION ADJUSTED EPS GROWTH ADJUSTED EBITDA MARGIN % ~50% By 2026 and Growing REVENUE CONVERSION TWICE OVER 50% The Rate of Revenue High Single to Low Double Digit by 2028 CAGR IMAX IN
Slide 22: First Quarter 2026 Financial Performance
FIRST QUARTER 2026 FINANCIAL PERFORMANCE Building Momentum into 2026 with Stellar Film Slate Ahead $ IN MILLIONS Q1 2026 Q1 2025 except for per share information FIRST QUARTER 2026 HIGHLIGHTS Global Box Office(1) $260 $298 Revenues $81.4 $86.7 Gross Margin ($) $45.8 $53.2 IMAX GBO 19 System Gross Pr
Slide 23: Strong Operating Leverage
Strong Operating Leverage – Higher Levels of Box Office Have Strong Correlation With Higher Adjusted EBITDA Margin %(1)(2) IMAX Quarterly Box Office correlation to Quarterly Total Adjusted EBITDA Margin %(1)(2)(3) 60% 50% Total Adjusted EBITDA Margin % 2026 Target: Mid 40’s Floor of 45% 40% 30% Corr
Slide 24: 2026 Systems Installations, Signings, and Backlog
SYSTEMS NETWORK GROWTH DRIVERS 2026 Systems Installations, Signings, and Backlog 1Q26 SIGNINGS BACKLOG PIPELINE SIGNINGS BY QUARTER 95 JRSA 435 434 9% Sale 28 24 23 19 91% 134 131 1Q25 2Q25 3Q25 4Q25 1Q26 23 TOTAL SIGNINGS 88 91 Upgrades 1 Q2 6 I N STA L L S Joint Revenue Sharing I N STA L L S BY QU
Slide 25: Low Leverage Model with Improving Cash Flow and Strong Liquidity
Low Leverage Model with Improving Cash Flow and Strong Liquidity OP E R AT I N G C ASH F LOW ( $ IN MILLIO NS ) DE BT M AT UR I T Y LA DDE R ($ I N M I LLI ON S) $300 $120 $250 $90 $200 $60 $127 $150 $299 $30 $71 $100 $59 $17 $50 $- $6 $(23) $2 $0 $0 $0 $- $(30) 2026 2027 2028 2029 2030 2020 2021 20
Slide 26: IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020
DELIVERING VALUE THROUGH SHARE REPURCHASE IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020 Increased Share Repurchase Authorization in June 2025, $251 Million Available Under Program YEAR-END SHARES OUTSTANDING SHARES REPURCHASED PAST 5 YEARS1 ( I N T H O U S A N D S ) ( I N T H O U S A
Slide 27: Cash Flow Reflects Strengthening Position
ATTRACTIVE CASH FLOW MODEL Cash Flow Reflects Strengthening Position 2025 FIRST QUARTER 2026 ($ IN MILLIONS) ($ IN MILLIONS) $140 $5 $127 $4 $4 $120 $114 $(8) $(5) $3 $100 $2 $85 $(2) $1 $80 $(28) $1 $(1) $- $60 $(1) $40 $(2) $(3) $(4) $(3) $20 $(4) $- $(5) 2025 PP&E Acquisition of FCF Before Invest
Slide 28: Appendix
A P P E N D I X IMAX INVESTOR PRESENTATION
Slide 29: The Business of IMAX
The Business of IMAX – the Most Premium, Innovative Platform for Cinema • IMAX is a global entertainment, technology, and distribution company known for its innovative, patented technology that transforms a movie into an experience. • IMAX is also a Hollywood insider, partnering with the world’s mos
Slide 30: How IMAX Makes Money
Appendix: How IMAX Makes Money Segment Customer Revenue Streams 2025 Revenue Comments IMAX earns a percentage of box office from studios for remastering and distribution of films in the IMAX network. Film Remastering & $142M Revenue is recognized as box office is earned. Content Solutions Studios an
Slide 31: Use of Non-GAAP Financial Measures
USE OF NON -GAAP FINANCIAL MEASURES In this presentation, the Company presents adjusted net income attributable to common shareholders and Agreement requirements, when applicable. In addition, the Company believes that Adjusted EBITDA per Credit adjusted net income attributable to common shareholder
Slide 32: Adjusted Net Income Reconciliation
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 3 MONTHS ENDED MARCH 31, 2026 3 MONTHS ENDED MARCH 31, 2025 $ IN THOUSANDS, EXCEPT EPS DATA Net Income Per Diluted Share Net Income Per Diluted Share Net Income Attributable to Common Shareholders $ 4,226 $ 0.07 $ 2,327 $ 0.04 Adjustments: Shar
Slide 33: Adjusted EBITDA Reconciliation
NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 3 MONTHS ENDED MARCH 31, 3 MONTHS ENDED MARCH 31, 2026 2025 Revenues $ 81,379 $ 86,667 Net Income $ 6,071 $ 8,150 Add (Subtract): Income Tax Expense 2,421 7,285 Interest Expense, Net of Interest Income 900 769 Depreciation and Amortizati
Slide 34: Free Cash Flow Reconciliation
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW 3 MONTHS ENDED MARCH 31, 2026 3 MONTHS ENDED MARCH 31, 2025 $ IN THOUSANDS Net Cash Provided by Operating Activities $ 4,029 $ 6,951 Purchase of Property, Plant and Equipment (2,132) (1,645) Acquisition of Other Intangible Assets (792) (1,233) Free