Slide 1: Cineplex Inc. Investor Presentation Fourth Quarter 2025
CINEPLEX INC. INVESTOR PRESENTATION FOURTH QUARTER 2025 © Cineplex Inc., This document is confidential and may not be shared, distributed or reproduced without permission.
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of applicable securities laws. These forward-looking statements may include, among others, statements with respect to Cineplex's objec
Slide 3: Business Overview
ae . BUSINESS OVERVIEW % pum = pee , puny - -—| = viP aon i 2 cunts CINEPLE sit CINEMA sl “_-* { ronnie? CINEPLEX” CINEPLEX MEDIA
Slide 4: Diversified Entertainment and Media Company
DIVERSIFIED ENTERTAINMENT AND MEDIA COMPANY Diversified Business Segments Corporate Strategy ✓ Continue to enhance and expand Cineplex’s presence as an entertainment destination for Canadians in - theatre, at - home and on - the - go ✓ Drive value within businesses by leveraging opportunities to opt
Slide 5: Diversified Business Segments
DIVERSIFIED BUSINESS SEGMENTS FILM ENTERTAINMENT MEDIA 1 AMUSEMENT & LEISURE & CONTENT ▪ Includes Theatre Exhibition, Theatre Food Service, ▪ Includes in - theatre advertising across 154 owned ▪ Includes Location - Based Entertainment (LBE) Alternative Programming, Digital Commerce, Junxion and 43 r
Slide 6: Sale of Cineplex Digital Media (CDM)
SALE OF CINEPLEX DIGITAL MEDIA (CDM) Transaction Overview • On October 16, 2025, Cineplex entered into a definitive agreement with Creative Realities Inc. to sell its digital place-based media division, CDM, for a total purchase price of $70 million in cash, subject to certain closing adjustments •
Slide 7: Theatre Exhibition
FILM ENTERTAINMENT & CONTENT THEATRE EXHIBITION Segment Overview Location Overview • Operates modern multiplex 2025 CANADIAN BOX OFFICE Operates 1,606 screens in 154 theatres across Canada theatres in major MARKET SHARE metropolitan and mid-sized BC NL 2 AB markets 23 SK 18 MB QC PE • Offers multipl
Slide 8: High Quality Assets to Enhance the Guest Experience
FILM ENTERTAINMENT & CONTENT HIGH QUALITY ASSETS TO ENHANCE THE GUEST EXPERIENCE 3D Digital Screens Recliners IMAX VIP Cinemas DBOX 4DX Screen X Clubhouse Recliners Screens1 818 98 29 99 103 7 20 5 318 Locations1 154 81 29 25 89 7 20 5 39 Premium ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Pricing Reserved ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 9: Theatre Food Service
FILM ENTERTAINMENT & CONTENT THEATRE FOOD SERVICE Segment Overview • Highly diversified product offering consisting core concessions in addition to expanded offerings through proprietary and third-party brands • Alcohol offered at 122 locations • Home delivery service offered at 148 locations • Inte
Slide 10: Alternative Programming
FILM ENTERTAINMENT & CONTENT ALTERNATIVE PROGRAMMING International Cinema Event Cinema Cineplex Pictures •Cineplex has developed a focused, data - driven strategy to deliver international Anime Concert and content, which typically does not find a home in the traditional national - chain Features Mus
Slide 11: Cineplex Media
MEDIA CINEPLEX MEDIA Segment Overview Media Asset Coverage Fully owned Cineplex Media unlocks access to premium entertainment & leisure audiences CINEMA SHOPPING ENTERTAINMENT DESTINATIONS at the height of engagement to the end of their physical or digital customer journey. Extensive portfolio of me
Slide 12: Location-Based Entertainment (LBE) at a Glance
AMUSEMENT & LEISURE LOCATION-BASED ENTERTAINMENT (LBE) AT A GLANCE LBE’s business model leverages the powerful combination of dining, amusement, and entertainment Operates 16 locations across Canada LBE Brands and Target Demographic BC NL 1 AB SK 3 MB QC 2 PE 1 ON 1 1 Millennials, GenX with kids, an
Slide 13: LBE Financial Summary
AMUSEMENT & LEISURE LBE FINANCIAL SUMMARY Revenue ($M) Adjusted Store Level EBITDAaL ($M) & Margin (%) '19A - ’25A CAGR Impacted by COVID Impacted by COVID $142 $132 $129 12.4% $111 31.0% 28.7% - 0.2% 20.9% 21.1% 23.3% 20.4% $79 $80 $88 17.7% (15.8%) $34 $38 $78 $30 $29 $45 $69 $39 6.5% $17 $26 $9 $
Slide 14: Locations Built for Amusement
LOCATIONS BUILT FOR AMUSEMENT From premium cinemas to immersive gaming and social experiences, our venues offer a broad range of entertainment options appealing to diverse audiences, maximizing revenue per square foot LOCATIONS EXPERIENCES ATTRACTIONS © Cineplex Inc. Not to be distributed, reproduce
Slide 15: Scene+ Loyalty Program
SCENE + LOYALTY PROGRAM The expanded Scene+ partnership increases program ENGAGEMENT and access to NON-MOVIEGOERS Entertainment Loyalty Program Lifestyle Loyalty Program 2007 - 1st Member Joins 2021 - 10.4 Million Members 2025 - 15 Million Members 2007 2020 2022 December 2021, SCENE combined with Sc
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS 1 Diversification of business and revenue streams 2 Leading box office market share and geographic diversity across Canada 3 Strong operating leverage and profit contribution Data-driven insights from leading loyalty program and ecosystem 4 touchpoints Exhibition traditionally
Slide 18: Diversification of Business and Revenue Streams
1 DIVERSIFICATION OF BUSINESS AND REVENUE STREAMS 2025 Segmented EBITDAaL Mix and Margin(1) Diversified Businesses Adjusted EBITDAaL By Segment Adjusted EBITDAaL Margin 80.5% 13% 44% FE&C Media 43% LBE 15.9% 6.9% FE&C LBE Media • Diversification beyond traditional movie exhibition model and into Med
Slide 19: Leading Box Office Market Share and Geographic Diversity Across Canada
LEADING BOX OFFICE MARKET SHARE AND GEOGRAPHIC DIVERSITY ACROSS 2 CANADA Box Office Market Share (as of December 31, 2025) (1) Diversified Provincial Exposure(2) Ontario: 66 Cineplex 12% 19% British Columbia: 23 14% 43% 74% Landmark 12% Alberta: 18 11% Quebec: 18 Other 15% Other: 29 Largest and most
Slide 20: Strong Operating Leverage and Profit Contribution
3 STRONG OPERATING LEVERAGE AND PROFIT CONTRIBUTION Illustrative EBITDAaL Comments EBITDA djusted aL A +$75 Million Average incremental E xhibition +5.0 + contribution per patron of on $1 illi mi llion guests $13. 50 13 m 8M ts Mi es ndan illi tte +7 gues millio 2.5 +$3 llio u on .5 ng + ce A n ts A
Slide 21: Capital Allocation Priorities
3 CAPITAL ALLOCATION PRIORITIES Capital Allocation Priorities Strong financial discipline and capital allocation priorities with a key focus on achieving a target leverage range of 2.5x – 3.0x . 1 Deleverage; AND / OR ⚫ Fortify the balance sheet by reducing leverage to reach our target leverage rang
Slide 22: Strong Operating Leverage and Path to Target Leverage Ratio
3 STRONG OPERATING LEVERAGEAND PATH TO TARGET LEVERAGE RATIO Meaningfully extended debt maturities Financial Interest Book Face Maturity Capacity Instrument Rate Value(1) Value(1) March Credit Facility n/a $100 $nil $nil 2027 March Timing and extent of box Notes Payable 7.625% $575 $575 Target Lever
Slide 23: Data-Driven Insights from Leading Loyalty Program and Ecosystem
DATA-DRIVEN INSIGHTS FROM LEADING LOYALTY PROGRAM AND ECOSYSTEM 4 TOUCHPOINTS INTERNAL AND CUSTOMER DATA USES EXTERNAL DATA 360 DATA BASE Activities Monetization Demographic Preferences RFM, Model, Opinions / Attitudes Propensity • Omni-channel Scores personalization Retail platform Revenue Shopping
Slide 24: Defensive Business and Resilient to Recessionary Periods
5 DEFENSIVE BUSINESS AND RESILIENT TO RECESSIONARY PERIODS Recession Year North America Box Office ($billions) Post Hollywood The Great Strikes Recovery $ 11.4 B COVID Impacted Recession Writer’s Strike Dot.com $ 8.8B * Actor’s Strike bubble Impacted by COVID Combined Strike 1990-92 Recession $2.8B
Slide 25: Defensive Business and Resilient to Recessionary Periods (Cont'd)
5 DEFENSIVE BUSINESS AND RESILIENT TO RECESSIONARY PERIODS (CONT’D ) FILM DOMESTIC BOX OFFICE FILM DOMESTIC BOX OFFICE FILM DOMESTIC BOX OFFICE STRONG CONSUMER DEMAND WITH RECORD RESULTS Inside Out 2 Moana 2 Superman $653mm $460mm $354mm June 2024 November 2024 July 2025 Highest grossing domestic an
Slide 26: Industry-Leading Management Team
6 INDUSTRY-LEADING MANAGEMENT TEAM Ellis Jacob President and Chief Executive Officer • Assumed position in 2003; previously served as CEO and co- Scott Hughes founder of Galaxy Entertainment Inc. Sara Moore EVP and Chief Digital • Received the Order of Canada, the Order of Ontario, Canada’s EVP and
Slide 27: Numerous Levers to Accelerate Growth
7 NUMEROUS LEVERS TO ACCELERATE GROWTH • Maximize revenue per sq. ft • Junxion provides for an alternative use of space as a one - stop - shop • Mobile food ordering LBE • CineClub growth entertainment destination OPTIMIZATION • Pricing strategies DRIVE MEDIA • Increase content GROWTH opportunities
Slide 28: A Look Ahead
ALOOK AHEAD yi.
Slide 29: 2026 Notable Titles
2026 NOTABLE TITLES Q1 Q2 Q3 Q4 © Cineplex Inc. Not to be distributed, reproduced or used without permission. 29
Slide 30: Appendix
APPENDIX
Slide 31: Q4 2025 Financial Highlights
Q4 2025 FINANCIAL HIGHLIGHTS • Entertained 10.1 million guests during the quarter, an 8.9% relative to the prior year Theatre • Reported box office revenues of $140.7 million and theatre food services revenue of $103.4 million Exhibition • Premium format represented 43.4% of box office Per Patron •
Slide 32: Fourth Quarter and Annual Financial Summary
FOURTH QUARTER AND ANNUAL FINANCIAL SUMMARY I N M I L L I O N S O F D O L L A R S , E X C E P T T H E A T R E A T T E ND ANC E I N T H O U SAND S O F P AT R O NS, P E R P AT R O N AM O U NT S, AND M AR G I NS QUARTERLY RESULTS YEAR TO DATE Q4 2024 Q4 2025 2024 2025 $148 $141 Box Office $562 $561 $12
Slide 33: Fourth Quarter and Year to Date Segmented Financial Summary
FOURTH QUARTER AND YEAR TO DATE SEGMENTED FINANCIAL SUMMARY IN MILLIONS OF DOLLARS REVENUES ADJUSTED EBITDAaL and MARGIN Quarterly Year to Date Quarterly Year to Date Q4 2024 Q4 2025 2024 2025 OPERATING SEGMENT Q4 2024 Q4 2025 2024 2025 $27 $15 $88 $73 $277 $265 $1,068 $1,054 Film Entertainment and
Slide 34: Non-GAAP Financial Measures
Non-GAAP Financial Measures Management of Cineplex uses certain non-GAAP financial measures to evaluate performance. These measures are either comparable to similar measures presented by other issuers or are widely used in the theatre exhibition industry. For a detailed discussion of these non-GAAP
Slide 35: Non-GAAP Financial Measures
Non-GAAP Financial Measures Premium Priced Product Defined as 3D, 4DX, UltraAVX, IMAX, ScreenX and VIP film product. Theatre concession margin Calculated as total theatre food service revenues less total theatre food service cost, divided by theatre attendance for the period. per patron Same theatre
Slide 36: Thank You!
THANK YOU! CONTACT Rayhan Azmat VP, Investor Relations, Corporate Development and Financial Planning & Analysis E: InvestorRelations@cineplex.com