Slide 1: Investor Presentation
I N V E S T O R P R E S E N TAT I O N J u l y 2026 ® IMAX Corp.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This earnings release contains forward looking statements that are based on IMAX Corporation (the “Company”) incidents; the Company’s ability to protect its intellectual property and to avoid infringing, misappropriating, or violating management’s assumptions and existing
Slide 3: Strategic Update
Strategic Update Richard Gelfond Chief Executive Officer
Slide 4: The Odyssey — A Preview of Where IMAX Is Heading
“ T H E O DY S S E Y ” - - A P R E V I E W O F W H E R E I M A X I S H E A D I N G Record Demand for The IMAX Experience • Highest Opening Weekend1 ever at $52M, 20% of global box office • Highest ever Monday ($11M) & Tuesday ($10.6M) Box Office • Domestic network at unprecedented 75% capacity openi
Slide 5: 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 platform Significant operating leverage Strong capital structure & future of moviegoing luxury brand network scale gr
Slide 6: 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 13+ Filmed for IMAX titles expected in 2026 Growing Demand for IMAX Amongst Filmmakers and Studios 18% Domestic indexing for FFI titles in 20
Slide 7: IMAX Differentiation: End-to-End Technology that Powers Creativity from Creation to Delivery
IMAX Differentiation: End-to-End Technology that Powers Creativity from Creation to Delivery THE IMAX EXPERIENCE SHOT WITH IMAX VIEWED IN THE SUPERIOR AMPLIFIED BY IMAX EXTENDING TO THE HOME OPTIMIZED BY IMAX CAMERAS IMMERSIVE FORMAT Lightyear Movies shot with IMAX certified digital IMAX’s proprieta
Slide 8: 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 9: 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 C A N A D A 158 1,809 37 Commercial Multiplex Locations 91 Countries & Territories U N I T E D S T A T E S 389 G R E A T E R C H I N A IMAX network accounts 800 100+ for >50% of total global 1-99 L A T I N None premium locations
Slide 10: Significant Rest of World Expansion Opportunity – only 35% Penetrated
IMAX WORLDWIDE TARGET MARKET Significant Rest of World Expansion Opportunity – only 35% Penetrated 4,466 1,889 1,634 2,394 53% 40% 698 1211 65% 943 Unpenetrated Market 263 7% 11% IMAX New System Backlog 136 IMAX Network 485 52% 95 5% 32 3% 1809 40% 800 49% 583 30% 426 45% Domestic Greater China RoW
Slide 11: 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 O X 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% 5.2% 5.0% 4.8% 4.8% 4.4% 4.4% 4.5% 4.2% 3.9% 3.8% 4.0% 3.7% 3.7% 3.8% 3.3% 3.7% 3.2% 3.3% 3.2% 3.0% 3.0% 2.6% 3.1% 2.3% 2.6% 2
Slide 12: 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 (3) 18
Slide 13: Our Fan Community Is Growing Rapidly
O U R FA N C O M M U N I T Y I S G R O W I N G R A P I D LY 2024-2026 GLOBAL SOCIAL FOLLOWINGS* 14.0 (In millions) 12.0 11.8M GLOBAL FOLLOWERS 24% GROWTH (Including China) 10.0 8.0 6.0 +85.5% IMPRESSIONS YoY Q2 ‘26 compared to Q2 ‘25 4.0 2.0 +111% TIKTOK FOLLOWERS 0.0 Growth Year to Date JAN 24’ JAN
Slide 14: Growing Opportunity in Consumer Products
G R O W I N G O P P O R T U N I T Y I N C O N S U M E R P R O D U C T S M e r c h a n d i s e S t r a t e g y F u e l i n g I M A X Fa n d o m IMAX ONLINE STORE – A PROFITABLE AND GROWING FAN PLATFORM • Diverse inventory of IMAX-Branded and IP-Based Collabs • First ever IMAX POPCORN BUCKET selling o
Slide 15: 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 15
Slide 16: 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, Cliff Booth, and Dune Part Three U n t i t l e d , “ C L I F F B O O T H ” Note: Spider-man: Brand New Day currently scheduled to play in select international markets (China,
Slide 17: 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 NARNIA S T A R W A R S 5 0 TH THE THOMAS PANIC LEGEND ANNIVERSARY CROWN AFFAIR CAREFULLY OF ZELDA MAN OF MINECRAFT THE GREAT THE MUMMY FROZEN 3 TOMORROW SEQUEL BEYOND *Release slate
Slide 18: Expected 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 KUNG FU SOCCER CHIIKAWA: THE SECRET ALL WISHES COME TRUE! HOPE KINGDOM 5: THE BATTLE OF MERMAID ISLAND OF SOULS BLUE LOCK THE CONFESSION OF A TOKYO MER 3 TOXIC THE DECISIVE MOMENT
Slide 19: 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 Expanding partnerships with 7 new countries in the past year • Germany, Egypt, Turkey, Netherlands, Poland, Brazi
Slide 20: 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 livestream D avi d F i n c h er ’s C l i f f Bo o t h i n 2 0 2 6 Formula 1 races in 2026 • Two-week IMAX exclusive run over • Five grand prix races across at least 50 Th
Slide 21: Financial Review
Financial Review Natasha Fernandes Chief Financial Officer
Slide 22: Track Record of Delivering on Guidance
FINANCIAL GUIDANCE AND PERFORMANCE Track Record of Delivering on Guidance 2023 Guidance 2023 Results 2024 Guidance 2024 Results 2025 Guidance 2025 Results IMAX Global ~$1.1B $1.06B Similar to 2023 $901M >$1.2B $1.28B Box Office1 Adjusted EBITDA Mid-30’s 36.7% High-30’s 39.4% Low-40’s 45.1% Margin2 S
Slide 23: 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 24: Three-Year Financial Targets Highlight Sustainable Growth and Margin Expansion
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 by 2028 Double Digit CAGR IMAX INVESTOR PRESENTATION
Slide 25: Second Quarter 2026 Financial Performance
SECOND QUARTER 2026 FINANCIAL PERFORMANCE Building Momentum into 2026 with Stellar Film Slate Ahead $ IN MILLIONS except for per share information Q2 2026 Q2 2025 1H 2026 1H 2025 FIRST HALF 2026 HIGHLIGHTS Global Box Office(1) $285 $281 $545 $579 Revenues $102.8 $91.7 $184.2 $178.4 Gross Margin ($)
Slide 26: Total Adjusted EBITDA Margin %
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 27: 2026 Systems Installations, Signings, and Backlog
SYSTEMS NETWORK GROWTH DRIVERS 2026 Systems Installations, Signings, and Backlog 2Q26 SIGNINGS BACKLOG PIPELINE SIGNINGS BY QUARTER 95 JRSA 19% 421 434 36 Sale 28 24 23 19 81% 131 158 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 36 TOTAL SIGNINGS 91 Upgrades 2 Q 2 6 I N S TA L L S 83 Joint Revenue Sharing I N S TA
Slide 28: Low Leverage Model with Improving Cash Flow and Strong Liquidity
Low Leverage Model with Improving Cash Flow and Strong Liquidity O P E R AT I N G C A S H F L O W ( $ I N M I L L I O N S ) D E B T M AT U R I T Y L A D D E R ( $ I N M I L L I O N S ) $300 $120 $250 $90 $200 $60 $127 $150 $291 $30 $71 $100 $59 $17 $50 $- $6 $(23) $1 $0 $0 $0 $- $(30) 2026 2027 2028
Slide 29: 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 1H 2026 Share Repurchases of $13.7 Million YEAR-END SHARES OUTSTANDING SHARES REPURCHASED 2020 - 2024 ( I
Slide 30: First Half 2026 Cash Flow Reflects Strengthening Position
ATTRACTIVE CASH FLOW MODEL First Half 2026 Cash Flow Reflects Strengthening Position FIRST HALF 2026 FIRST HALF 2025 ($ IN MILLIONS) ($ IN MILLIONS) $40.0 $35.0 $36.0 $35.0 $30.2 $31.7 $30.0 $30.0 $25.0 $22.8 $25.0 $23.0 $20.0 $20.0 $14.7 $15.0 $15.0 $10.0 $8.7 $10.0 $8.1 $5.0 $5.0 $4.0 $3.4 $2.2 $2
Slide 31: Appendix
A P P E N D I X IMAX INVESTOR PRESENTATION
Slide 32: 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 33: 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 34: 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 adjusted net income attributable to common shareholders per diluted share, EBITDA, Adjusted EBITDA per Credit Facility, Adjusted EBITDA margin and free EBITDA is
Slide 35: Non-GAAP Financial Reconciliation — Adjusted Net Income
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 3 MONTHS ENDED JUNE 30, 3 MONTHS ENDED JUNE 30, 6 MONTHS ENDED JUNE 30, 6 MONTHS ENDED JUNE 30, 2026 2025 2026 2025 Per Per Per Diluted $ IN THOUSANDS, EXCEPT EPS DATA Net Income Net Income Diluted Net Income Diluted Net Income Per Share Share
Slide 36: Non-GAAP Financial Reconciliation — Adjusted EBITDA
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED EBITDA 3 MONTHS ENDED JUNE 3 MONTHS ENDED JUNE 6 MONTHS ENDED JUNE 6 MONTHS ENDED JUNE $ IN THOUSANDS 30, 2026 30, 2025 30, 2026 30, 2025 Revenues $ 102,842 $ 91,684 $184,221 $ 178,351 Net Income $ 15,908 $ 12,235 $ 21,979 $ 20,385 Add (Subtract): Income
Slide 37: Non-GAAP Financial Reconciliation — Adjusted Net Income
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 12 MONTHS ENDED DECEMBER 31, 2025 12 MONTHS ENDED DECEMBER 31, 2024 $ IN THOUSANDS, EXCEPT EPS DATA Net Income Per Diluted Share Net Income Per Diluted Share Net Income Attributable to Common Shareholders $ 34,876 $ 0.63 $ 26,059 $ 0.48 Adjustm
Slide 38: Non-GAAP Financial Reconciliation — Adj. EBITDA
NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 12 MONTHS ENDED DECEMBER 31, 12 MONTHS ENDED DECEMBER 31, 2025 2024 Revenues $ 410,212 $ 352,208 Reported Net Income $ 45,526 $ 32,702 Add (Subtract): Income Tax Expense 17,767 4,996 Interest Expense, Net of Interest Income 2,578 3,936 D
Slide 39: Non-GAAP Financial Reconciliation — Free Cash Flow
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW 6 MONTHS ENDED June 30, 2026 6 MONTHS ENDED June 30, 2025 $ IN THOUSANDS Net Cash Provided by Operating Activities $ 36,014 $ 30,181 Purchase of Property, Plant and Equipment (2,153) (4,006) Acquisition of Other Intangible Assets (2,152) (3,376) Fre