Imax China Holding Inc · HKEX:1970
Imax China — H1 2020 Earnings Presentation
16 slides from Imax China's earnings presentation, Jul 29, 2020
Slide 1: IMAX China Half-Year 2020 Financial Results
IMAxX IMAX China Half-Year 2020 Financial Results _e July 29, 2020
Slide 2: Disclaimer
Disclaimer This document is not intended to form or provide any basis of any decision in connection with IMAX China Holding, Inc. (the "Company") or any other entity in which it directly or indirectly holds any interest (together with the Company, hereinafter referred to as the "Group"). It does not
Slide 3: Why IMAX China is Well-Positioned as Theatres Reopen?
Why IMAX China is Well-Positioned as Theatres Reopen? Poised for recovery Q Trusted brand to both audience and exhibitors Q Located in top-performing theatre complexes Q Pent-up demand for domestic, out-of-home entertainment Q Strong content pipeline through 2021 with IMAX DNA Q Continue to build ne
Slide 4: Strong IMAX DNA in Upcoming Film Slate (as of July 29, 2020)
Strong IMAX DNA in Upcoming Film Slate (as of July 29, 2020) Tenet Wonder Woman 1984 No Time to Die Black Widow Dune a (TBD) (Oct 2020) (Nov 2020) (Nov 2020) (Dec 2020) S Filmed with Filmed with Filmed with Exhibited in Filmed in IMAX 5 IMAX Cameras IMAX Cameras IMAX Cameras IMAX expanded fo) aspect
Slide 5: Marvel Studios
dl MARVEL STUDIOS ieee On aie
Slide 6: Industry Consolidation an Opportunity, Not a Risk
Industry Consolidation an Opportunity, Not a Risk Theatre penetration in top 500 complexes in China Gross box office share in top 500 complexes in China 13% 12% 11% 1 2% 2% 2% = 1% 1% 1% _ = = | Top 25 Top 50 Top 100 Top 200 eo Top 25 Top 50 Top 100 Top 200 Top 500 HE arching (0) tndusty participant
Slide 7: Continued Network and Partnership Expansion
Continued Network and Partnership Expansion IMAX theatre footprint Greater China backlog mix? BH backiog Full revenue sharing Hybrid BB Sales arrangement enue sharing scoala ea tae ea ant (777 IMAX zones: 1,414 + Po 21 @ Sales arrangement ® Hybrid revenue sharing ® Full revenue sharing t As of June
Slide 8: Favorable Structural Tailwind Will Continue to Play Out
Favorable Structural Tailwind Will Continue to Play Out Total box office of top-10 grossing movies 45% (in RMB millions) Pr 40% L = r 368 35% . - 31% BUG tie” leg SAMI e---e~ a a 24,845 14,335 EB 9,09 6711 2013 2014 2015 2016 2017 2018 2019 +——- Contribution of top 10 movies to total industry grossi
Slide 9: ...And Drive Market Share Gain
..And Drive Market Share Gain IMAX China Screen Count Share Source: Company Data Note *: Chinese Mainland only IMAXx Half-Year 2020 Financial Results 1.6% 207 IMAX China Box Office Market Share 6.8% to Bos a IMAX China Average Box Office Per Title* (in US$mn) 18 HE 208 2019 207 = 2082019 20172018 Lo
Slide 10: Promising Pipeline of Potential Local Language Titles
Slide 11: Strong Financial Position with Ample Liquidity and Balance Sheet Flexibility
Strong Financial Position with Ample Liquidity and Balance Sheet Flexibility Strong fundamentals Cost control actions Financial Strength O Healthy, debt-free balance sheet Q Three-day or four-day work week for Q US$73.8 million in net cash as of June majority of company since March 30, 2020 Q No exp
Slide 12: Network Update
Network Update Backlog 271 253 66 58 122 124 rz 83 YE2019 1H2020 Source: Company Data 75% of backlog does not require net capital commitmen IMAXx Half-Year 2020 Financial Results Full Revenue Sharing IE Hybrid Revenue sharing I sales /sates Type Lease Signings and Installations 1H 2020 Total Signing
Slide 13: Capex Breakdown
Capex Breakdown Annual capex* trend — Capex as % of revenue Semi-annual capex* trend = Maintenance capex = purchase of property, plant & equipment = Growth capex = investment in joint-revenue sharing equipment $in Millions 28.7%, 20.6% ata 15.6% $18.2 $24.8 $24.3 aa $0.2 $0.2 $0.2 $13.6 $19.3 ats $0
Slide 14: 1H 2020 Segment Details
1H 2020 Segment Details | IMAX Technology Network IMAX Technology Sales & Maintenance MM Revenue sharing arrangements ~ contingent rent Others Film Revenue Theatre system maintenance Im Revenue sharing arrangements ~ upfront fees ME Sales & Sales-type lease arrangements $ in Millions BERG $n Million
Slide 15: 1H 2020 Financial Summary
1H 2020 Financial Summary $ in Millions Revenue $59.3 $6.7 1H2019 12020 New Business Initiatives & Others Ml IMAX Technology Sales & Maintenance @ MAX Technology Network Operating Expenses* Adjusted EBITDA $16.7 $38.0 $10.2 1H2019 12019 12020 Provisions on receivables net of recoveries and other ass
Slide 16: IMAX Half-Year 2020 Financial Results
IMAxX Half-Year 2020 Financial Results IMAX* is a registered trademark of IMAX Corporation.