Slide 1: Investor Presentation February 2026
I N V E S TO R P R E S E N TAT I O N FE BR UA RY 2026 ® IMAX Corp.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward looking statements that are based on IMAX Corporation (the wars, and geopolitical conflicts; risks related to the Company’s growth and operations in China, “Company”) management’s assumptions and existing information and involve certain r
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 12+ Filmed for IMAX titles expected 2026 Growing Demand for IMAX Amongst Filmmakers and Studios Since 2018, IMAX share up 50%+ *2018 through
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 MOST 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 solutio
Slide 7: Robust Growth Across Financial Metrics Since Pandemic
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 1,796 C A N A D A 45 152 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 797 100+ 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 30% Penetrated 4,466 1,889 1,634 2,367 53% 654 40% 1229 65% 943 Unpenetrated Market 303 7% 183 11% IMAX New System Backlog IMAX Network 484 51% 91 5% 29 3% 1796 40% 797 49% 569 30% 430 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% 5.2% 5.0% 4.8% 4.4% 4.4% 4.5% 4.2% 3.8% 3.9% 3.8% 4.0% 3.7% 3.7% 3.8% 3.2% 3.3% 3.3% 3.2% 3.1% 3.0% 3.0% 3.0% 2.5% 2.6% 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: Exceptional Upcoming Slate in 2026 Including The Odyssey, Star Wars, and Dune
E X P E C T E D U P C O M I N G 2 0 2 6 S L A T E Exceptional Upcoming Slate in 2026 Including The Odyssey , Star Wars , and Dune Films S U P E R G I R L S P I D E R - H U N G E R G A M E S : A V E N G E R S : F L O W E R V A L E R E S I D E N T S T R E E T T H E G R E A T D U N E : P A R T M A N :
Slide 14: IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises
E X P E C T E D 2 0 2 7 S L A T E IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises CHILDREN OF GODZILLA X THE THOMAS S T A R W A R S 5 0 TH PANIC LEGEND OF STAR WARS: HOW TO TRAIN BLOOD AND KONG: CROWN AFFAIR ANNIVERSARY CAREFULLY ZELDA STARFIGHTER YOUR DRAGON 2 BONE SUPERNOVA SPIDE
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 CHINA CHINA CHINA JAPAN BRAZIL BLADES OF THE KIKI’S DELIVERY PEGASUS 3 SCARE OUT 2DIE4 GUARDIANS SERVICE FRANCE CHINA CHINA CHINA INDIA CREATIONS OF THE ATHOS MADE IN YIWU 2 PENG H
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* 2026 Titles Include: Mercy, The Bride! Exclusive deal with Apple to Greta Gerwig's Narnia in 2026 livestream Formula 1 races in 2026 • Tw o - w e e k I M A X e x c l u s i v e r u n o v e r • Five grand prix races across at
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: Fourth Quarter & Full Year 2025 Financial Performance
FOURTH QUARTER & FULL YEAR 2025 FINANCIAL PERFORMANCE Strong Performance to Close Out 2025 with Stellar 2026 Film Slate Ahead $ IN MILLIONS Q4 2025 Q4 2024 2025 2024 except for per share information 2025 HIGHLIGHTS Global Box Office(1) $336 $208 $1,283 $920 Revenues $125.2 $92.7 $410.2 $352.2 IMAX G
Slide 23: Total Adjusted EBITDA Margin %
Strong Operating Leverage – Higher Levels of Box Office Have Predictably Driven 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% Correlati
Slide 24: Systems Network Growth Drivers
SYSTEMS NETWORK GROWTH DRIVERS 2025 Systems Installations and Signings Outperformed 2024 2025 SIGNINGS BACKLOG PIPELINE SIGNINGS BY QUARTER 95 87 434 440 JRSA Sale 57% 43% 28 24 19 19 85 16 8 131 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 166 TOTAL SIGNINGS 108 91 Upgrades 2 0 2 5 I N STA L L S Joint R
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 $287 $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, $251 Million Available Under Program YEAR-END SHARES SHARES REPURCHASED AVERAGE OUTSTANDING PAST 5 YEARS1 REPURCHASE PRICE ( I N T H O U S A N
Slide 27: Attractive Cash Flow Model
ATTRACTIVE CASH FLOW MODEL 2025 Cash Flow Reflects Strengthening Position 2025 2024 ($ IN MILLIONS) ($ IN MILLIONS) $140 $120 $127.1 $120 $113.6 $100 $100 $85.2 $80 $70.8 $80 $60 $54.0 $60 $40 $29.6 $40 $28.4 $24.3 $20 $20 $8.2 $5.3 $8.4 $8.4 $- $- 2025 PP&E Acquisition of FCF Before Investments In
Slide 28: Appendix
A P P E N D I X IMAX INVESTOR PRESENTATION
Slide 29: The Business of IMAX – the Most Premium, Innovative Platform for Cinema
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: Appendix: 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 performance and to provide additional information with respect to the Company’s compliance with its Credit adjusted net income attributable to common shareholder
Slide 32: Non-GAAP Financial Reconciliation — Adjusted Net Income
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 3 MONTHS ENDED 3 MONTHS ENDED 12 MONTHS ENDED 12 MONTHS ENDED DECEMBER 31, 2025 DECEMBER 31, 2024 DECEMBER 31, 2025 DECEMBER 31, 2024 Per Per Per Per $ IN THOUSANDS, EXCEPT Net Income Diluted Net Income Diluted Net Income Diluted Net Income Dil
Slide 33: Non-GAAP Financial Reconciliation — Adj. EBITDA
NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 3 MONTHS ENDED 3 MONTHS ENDED 12 MONTHS ENDED 12 MONTHS ENDED DECEMBER 31, 2025 DECEMBER 31, 2024 DECEMBER 31, 2025 DECEMBER 31, 2024 Revenues $ 125,207 $ 92,672 $ 410,212 $ 352,208 Reported Net Income $ 2,525 $ 6,866 $ 45,526 $ 32,702 A
Slide 34: Non-GAAP Financial Reconciliation — Free Cash Flow
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW 12 MONTHS ENDED DECEMBER 31, 2025 12 MONTHS ENDED DECEMBER 31, 2024 $ IN THOUSANDS Net Cash Provided by Operating Activities $ 127,068 $ 70,837 Purchase of Property, Plant and Equipment (8,167) (8,428) Acquisition of Other Intangible Assets (5,324)