Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q3 2024 Earnings Presentation
34 slides from Cinemark's earnings presentation, Oct 31, 2024
Slide 1: Investor Presentation
Investor Presentation October 31, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS PURSUANT TO THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This presentation contains, and our officers and representatives may from time to time make, “forward–looking statements” within the meaning of the s
Slide 3: Long-Term Value Creation
Long-Term Value Creation Cinemark is well-positioned to deliver sustainable growth, profitability, and long-term shareholder returns on account of its advantaged market position, ongoing industry recovery, and numerous opportunities to drive incremental value 1 2 3 4 5 6 7 High quality Distinctive S
Slide 4: High quality assets
1 > 1 igh qual assets CINEMARK’
Slide 5: High Quality Assets
High Quality Assets Sustained investments in guest experience over the past decade that significantly exceed peers, while prioritizing ongoing investments that position Cinemark for continued success Have consistently allocated $80- Highest penetration of luxury $100M for global maintenance seats wi
Slide 6: Distinctive global footprint
2 Distinctive global footprint
Slide 7: Distinctive Global Footprint
Distinctive Global Footprint Distinctive global footprint with 499 theaters and 5,680 screens in 14 countries that provides valuable scale, attractive diversification and access to growth opportunities in under-penetrated markets U.S. Operations 1) • 306 theaters / 4,282 screens • 3rd largest exhibi
Slide 8: Significant North American Market Share
Significant North American Market Share Operational excellence and execution of strategic initiatives has driven faster domestic box office recovery than North American industry with meaningful market share gains Box Office Recovery 1) Market Share Expansion 2) North American Market Share 2) 85% 14%
Slide 9: Leader Across Latin American Region
Leader Across Latin American Region Well-established leader with market share expanding meaningfully since pre-pandemic and box office recovery outpacing the comparable Latin American industry benchmark Market Share Expansion 1) Market Share - Key Latin American Markets 1) BRAZIL ARGENTINA 25% 23% 3
Slide 10: Solid financial position with compelling free cash flow profile
3 Solid financial position with compelling free cash flow profile
Slide 11: 3Q24 Cinemark Results
3Q24 Cinemark Results Delivered all-time-high 3rd quarter revenue and Adj. EBITDA results that exceeded expectations and underscored the sustained consumer enthusiasm for shared, larger-than-life cinematic experiences • Entertained 60M guests across global circuit • Domestic box office results surpa
Slide 12: YTD 3Q24 Results and Go-Forward
YTD 3Q24 Results and Go-Forward Delivered outsized results that surpassed expectations through execution of strategic initiatives to build audiences, grow new sources of revenue, and advance and optimize our operating capabilities Cinemark Results • Entertained 150M moviegoers across 14 countries •
Slide 13: Solid Balance Sheet
Solid Balance Sheet Balance sheet remains a strategic asset and key differentiator, providing ample flexibility; continue to make meaningful progress toward re-fortifying financial strength post-pandemic while enabling consistent investment in the long-term success of our company • Strong cash balan
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities Balanced and disciplined approach toward capital allocation to maximize long-term shareholder value Strengthen balance sheet post-pandemic to enhance flexibility and risk 1 management Current Priorities • Maintain net leverage ratio within 2-3x range Actively pursue str
Slide 15: Industry-leading operating capabilities
4 Industry- leading operating capabilities
Slide 16: Industry-Leading Operating Capabilities
Industry-Leading Operating Capabilities Sophisticated operating tools, procedures, and rigor with meaningful strategic advances have delivered consistent outperformance of the North American industry in 13 of the past 15 years Heightened levels of guest services that Technology support center that e
Slide 17: Leaders with Proven Track Records
Leaders with Proven Track Records Highly experienced management team with significant industry experience and proven track records; additional key leaders with 20+ years of industry/Cinemark experience in the US and internationally Sean Gamble Melissa Thomas President & CEO CFO 15+ years of industry
Slide 18: Loyal customer base with extensive reach
5 Loyal customer base with extensive reach
Slide 19: Loyal Customer Base with Extensive Reach
Loyal Customer Base with Extensive Reach Established a loyal and extensive customer base through our consistency of service, quality of theaters, and appeal of consumer-oriented loyalty programs Increasing levels of engagement, frequency, and overall spend 1) As of 9/30/2024 100K+ members • Movie Cl
Slide 20: Numerous levers to drive incremental value creation
6 Numerous levers to drive incremental value creation
Slide 21: Growth & Productivity Opportunities
Growth & Productivity Opportunities Driving numerous growth and productivity initiatives that go above and beyond industry recovery to create incremental value • Further enhance exceptional guest experience through premium amenities and offerings that cannot be replicated at home, as well as an ongo
Slide 22: Resilient industry dynamics and continued recovery
7 Resilient industry dynamics and continued recovery
Slide 23: Exhibition Industry Trends
Exhibition Industry Trends Stable, long-term industry growth trends across technology innovations and economic cycles with box office growth in 6 of the last 8 recessionary periods North America Box Office Trends VCR VHS begins to ramp post beta-max INTERNET begins to go mainstream DVD player drops
Slide 24: Optimism in Box Office Recovery
Optimism in Box Office Recovery While YTD 2024 was impacted by 2023’s six-month work stoppage associated with the Hollywood strikes, we remain highly optimistic regarding box office recovery in Q424, as well as 2025 and beyond Consumer Non-traditional New significant Volume of wide Theatrical Studio
Slide 25: Value of an Exclusive Theatrical Window
Value of an Exclusive Theatrical Window A theatrical release enhances a film’s promotional impact and overall asset value Increases consumer awareness, Satisfies consumer/creative desires viewing interest, and long-term to see films on big screen. recallability. Elevates perception and relevance Pro
Slide 26: 2024 Notable Titles
2024 Notable Titles Quarter 1 Quarter 2 Quarter 3 Quarter 4 Jan. 12 Feb. 14 March 8 May 3 May 24 June 14 July 3 July 26 Sept. 6 NOV. 10 Nov. 22 Dec. 20 (PAR) (PAR) (UNI) (UNI) (WB) (DIS) (UNI) (DIS) (WB) (MGM) (UNI) (DIS) March 1 March 22 March 22 May 10 May 24 June 28 July 19 Aug. 9 Aug. 16 Nov. No
Slide 27: 2025 Notable Titles
2025 Notable Titles Quarter 1 Quarter 2 Quarter 3 Quarter 4 Jan. 17 Jan. 17 Jan. 31 April. 4 April. 8 May. 2 July. 2 July. 11 July. 18 Oct. 10 Nov. Nov. 26 (UNI) (SNY) (WB) (WB) (LGF) (DIS) (UNI) (WB) (PAR) (DIS) 22 (PAR) (UNI) Feb. 14 March. 7 March. 21 May. 23 June. 13 June. 27 July. 25 Aug. 15 De
Slide 28: 2026 Compelling Film Slate
2026 Compelling Film Slate 28
Slide 29: Appendix
Appendix CINEMARK’
Slide 30: FY 2023 Highlights
FY 2023 Highlights Continue to outperform industry and consistently demonstrate our agility in a dynamic landscape • Entertained 210 million guests worldwide Box • Domestic box office recovery surpassed the North American industry results by 700 bps comparing FY23 against FY19 with Office the larges
Slide 31: FY23 Financial Summary
FY23 Financial Summary Worldwide Results 1) 2) FY23 FY22 Variance FY23 Highlights Attendance 210 173 22% • Worldwide attendance increased 22% year-over-year driven by a steady recovery of film volume and a diverse slate of Revenue $3.1B $2.5B 25% high-quality films. Adj. EBITDA $594 $337 77% • Execu
Slide 32: 2024 Non-GAAP Measure Reconciliations
2024 Non-GAAP Measure Reconciliations Reconciliation of Net Income to Reconciliation of Cash Flows Adjusted EBITDA 1) Provided by Operating Activities to Free Cash Flow 1) 3Q24 3Q23 YTD24 YTD23 3Q24 3Q23 YTD24 YTD23 Net Income $189 $91 $261 $209 Cash flows provided by operating $107 $85 $269 $336 ac
Slide 33: 2023 Non-GAAP Measure Reconciliations
2023 Non-GAAP Measure Reconciliations Reconciliation of Net Income/(Loss) to Reconciliation of Cash Flows Adjusted EBITDA 1) Provided by Operating Activities to Free Cash Flow 1) FY23 FY22 2023 2022 Net Income/(Loss) $191 $(268) Cash flows provided by operating activities $444 $136 Add (deduct): Ded
Slide 34: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671