Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Investor Presentation (December 2020)
26 slides from Cinemark's investor presentation, Dec 16, 2020
Slide 1: Investor Presentation
Investor Presentation December 16, 2020 1
Slide 2: Cinemark Overview
Cinemark Overview 2
Slide 3: Cinemark Overview
Cinemark Overview 331 Theatres 4,517 Screens • One of the largest and most influential movie theatre companies in the world – 533 theatres with 5,974 screens in 16 countries (1) • U.S. Operations (2) – Third largest exhibitor in terms of market share – 42 states, 104 DMAs – #1 or #2 in box office re
Slide 4: 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 5: 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 DVD player enhanced food Digital projector conversion Investments ... drops to$100 (DVD hey-day) Mass OTT streaming adoption ... Recessi
Slide 6: 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 Market Share - North America1 Market Share - Key Latin American Markets1 Cinemark 27% Cinepolis 37% Kinoplex AMC Brazil Ar
Slide 7: Consistent Industry Outperformance
Consistent Industry Outperformance Cinemark has surpassed North American industry box office growth 40 out of the past 45 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 8: 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. Create an extraordinary in- 1 theatre guest e
Slide 9: Pre-COVID Financial Summary
Pre-COVID Financial Summary 9
Slide 10: 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 International segments 2019 CAGR • Exceeded North America industry box office growth by Atten
Slide 11: COVID-19 Update
COVID-19 Update 11
Slide 12: Key Liquidity Actions
Key Liquidity Actions We have been working aggressively to preserve cash and bolster liquidity to effectively navigate through the crisis; we have limited cash burn and secured a runway into 2022 if the current operating environment continues Eliminated Non- Cash Preservation & Liquidity Actions Ess
Slide 13: Streamline & Business Efficiency Actions
Streamline & Business Efficiency Actions Have enacted, and are continuing to pursue, varied productivity and efficiency initiatives to achieve our strategic cash management and profitability objectives, including aligning expenses with near-term demand. Optimizing operating hours and showtime schedu
Slide 14: Enhanced Cleaning, Safety and Efficiency Measures
Enhanced Cleaning, Safety and Efficiency Measures A range of enhanced cleaning and distancing protocols have been implemented to ensure guest and employee safety • Staggering show times to minimize crowds and implementing seat buffering technology within our point-of-sale system that will ensure phy
Slide 15: Test-and-Learn Theatres
Test-and-Learn Theatres The results of our test-and-learn theatres were instrumental in the phased reopening of our global circuit with key learnings on training, communication, implementation and execution of our clean and safety protocols in this new operating environment. • Box office of $14.9M g
Slide 16: Theatre Reopening Status
Theatre Reopening Status Cinemark’s reopening strategy was based on a range of strategic health, regulatory and consumer considerations, as well as active collaboration with our studio partners on the timing of their new film releases Reopening Considerations Reopening Timeline and Approach • ~70% U
Slide 17: 2020 Financials
2020 Financials 17
Slide 18: YTD September 2020 Financial Summary
YTD September 2020 Financial Summary Amounts in millions YTD 3Q 2020 Worldwide Results Highlights • Ahead of the crisis, through Feb QTD, on relatively flat attendance, revenue was up 5%, Adj. EBITDA had increased 16% and Adj. EBITDA margin expanded ~200 bps compared to YTD YTD 1Q19 3Q20 Q319 • The
Slide 19: A Look Ahead
A Look Ahead 19
Slide 20: Theatre Industry – A Look Ahead
Theatre Industry – A Look Ahead • Innovating and evolving movie-going the movie-going experience with Private Watch Parties and reparatory content as we await the reignition of the industry • We believe pent-up demand for out-of-home entertainment, along with a backlog of strong film content, bodes
Slide 21: 2021 Film Slate
2021 Film Slate CENTURY GnchrtaRewor> Ea Ge Bay a “SMAVERICK>" i ane SS BLACK WIDOW AFTERLIFE ILMINATION 4 . GH4/STBUSTER: oaltatleza THE RISE OF GRU
Slide 22: 2022 Film Slate
. CLNEMAEK. 2022 Film Slate oes i DOCTOR MULTIVERSE OF MADNESS
Slide 23: Appendix
Appendix 23
Slide 24: Non-GAAP Measure Reconciliations
Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows Provided by Operating Reconciliation of Net Income to Adjusted EBITDA Activities to Free Cash Flow 2019 2019 Net income $193,848 Cash flows provided by operating activities $561,995 Add (deduct): Deduct: Income taxes 79,9
Slide 25: YTD 3Q20 Non-GAAP Measure Reconciliations
YTD 3Q20 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows (Used In) Provided by Reconciliation of Net Income to Adjusted EBITDA Operating Activities to Free Cash Flow YTD 3Q20 YTD 3Q19 YTD 3Q20 YTD 3Q19 Net income ($378,274) $167,009 Cash flows (used in) provided by ope
Slide 26: Thank You
Thank You Chanda Brashears VP Investor Relations cbrashears@cinemark.com 972-665-1671 26
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