Slide 1: Investor Presentation February 2025
I N V E S TO R P R E S E N TAT I O N FEBR UA RY 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the U.S. network; the signing of IMAX System agreements; conditions, changes and developments in Private Securities Litigation Reform Act of 1995 or “forward-looking information” within the the c
Slide 3: Strategic Update
Strategic Update Richard Gelfond Chief Executive Officer
Slide 4: Unique IMAX Platform Drives Strong Profitability and Long-Term Growth Opportunities
INVESTMENT HIGHLIGHTS Unique IMAX Platform Drives Strong Profitability and Long-Term Growth Opportunities IMAX is the Unrivaled premium Unmatched global Significant growth Strong operating Attractive capital future of moviegoing luxury brand network scale potential leverage position 4 5 6 +24% >50%
Slide 5: 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 2025 Filmed for IMAX titles more than double previous record Growing Demand for IMAX Amongst Filmmakers and 24% growth in IMAX Global Studios
Slide 6: End-to-End Technology Powers Creativity from Creation to Delivery
End-to-End Technology Powers Creativity from Creation to Delivery THE IMAX EXPERIENCE SHOT WITH IMAX VIEWED IN THE MOST AMPLIFIED BY IMAX EXTENDING TO THE OPTIMIZED BY IMAX CAMERAS IMMERSIVE FORMAT HOME Lightyear Movies shot with IMAX certified IMAX’s proprietary digital IMAX’s comprehensive solutio
Slide 7: 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 C O N S O L I D AT E D A D J E B I T D A & M A R G I N % (1)(2) +11% CAGR +16% CAGR $375 $352 $301 $144 $139 $255 $89 $96 38.4% 39.4% 34.8% 31
Slide 8: Full-Year 2025 Guidance
FULL-YEAR 2025 GUIDANCE IMAX Box Office Total Consolidated Adjusted Installations EBITDA(1) Margin % 2025 $1.2B+ 145-160(2) 40%+ Guidance 2024 $901M 146 39.4% Actuals 2023 $1.06B 128 38.4% Actuals IMAX INVESTOR PRESENTATION 8 (1) Total Consolidated Adjusted EBITDA Margin before non-controlling inter
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 1,735 C A N A D A 44 135 Commercial Multiplex Locations 90 Countries & Territories U N I T E D S T A T E S 370 G R E A T E R C H I N A IMAX network 796 100+ accounts for >50% of 1-99 L A T I N total global premium None A M E R I
Slide 10: Significant Rest of World Opportunity – Less Than 35% Penetrated
IMAX WORLDWIDE TARGET MARKET Significant Rest of World Opportunity – Less Than 35% Penetrated 3,619 1,488 1,414 1529 42% 427 30% 844 57% 355 10% 191 14% Unpenetrated Market 717 IMAX New System Backlog IMAX Network 258 36% 119 8% 48% 45 6% 1735 796 56% 525 35% 414 58% Domestic Greater China RoW TOTAL
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 IMAX BOX OFFICE MARKET SHARE 1 6.0% 5.0% 4.8% 4.4% 4.5% 4.4% 4.2% 3.8% 3.9% 3.8% 4.0% 3.7% 3.7% 3.2% 3.3% 3.0% 3.3% 3.2% 3.0% 3.1% 3.0% 2.6% 2.5% 2.2% 2.3% 2.3% 2.1% 2.1% 2.0% 2.0% 1.6% 1.7% 1.7
Slide 12: Growing IMAX Fandom Fueling Demand
Growing IMAX Fandom Fueling Demand for IMAX by Consumers, Exhibitors, Studios and Filmmakers Increasing IMAX Blockbuster Market Share … Driving demand by Filmmakers and Studios to work with IMAX Top 10 Grossing IMAX Titles – Domestic Opening Weekend Global Number of Titles per Year in Filmed For IMA
Slide 13: Exceptional Slate Expected in 2025
E X P E C T E D 2 0 2 5 S L A T E Exceptional Slate Expected in 2025 – Record Number of Filmed for IMAX titles J A N U A R Y F E B R U A R Y M A R C H M A R C H A P R I L A P R I L M A Y M A Y M A Y J U N E J U N E FINAL A MINECRAFT NE ZHA 2 DESTINATION: MOVIE BLOODLINES J U L Y J U L Y A U G U S T
Slide 14: Exceptional Slate Continues in 2026
U P C O M I N G E X P E C T E D 2 0 2 6 S L A T E Exceptional Slate Continues in 2026 Including The Odyssey as well as Star Wars & Avengers Films AVATAR: THE SUPER THE MANDALORIAN FLOWERVALE PROJECT HAIL AVENGERS: FIRE AND MERCY MARIO BROS. AND GROGU TOY STORY 5 STREET MARY DOOMSDAY ASH MOVIE SEQUEL
Slide 15: IMAX Blockbuster Slate Filling Out for 2027
IMAX Blockbuster Slate Filling Out for 2027 with Mega Titles CHILDREN OF AV E N G E R S : U N T I T L E D S TA R BLOOD AND R A M AYA N A P T. I I SEC R ET WAR S WAR S BONE UNTITLED W B / L E G E N D A R Y/ T H E B AT M A N 2 FROZEN 3 MONSTERVERSE *Release slate reflects current studio scheduling as
Slide 16: IMAX is Partnering with Streaming Platforms
IMAX is Partnering with Streaming Platforms to Eventize and Launch Content Greta Gerwig's Narnia in 2026 • Two-week IMAX exclusive run over Thanksgiving of 2026 • Theatrical window of four weeks • Committed marketing D O C U M E N TA R Y S A L E T O IMAX VISION PRO APP 2 0 2 4 D O C U M E N TA R Y "
Slide 17: 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 17
Slide 18: Local Language Content Drives Box Office Incrementality
Local Language (LL) Content Drives Box Office Incrementality and System Demand in Growth Markets REGIONAL HIGHLIGHTS China: • LL averaged ~50% of IMAX China box office past 3 years • Record 2025 Chinese New Year of $53M (57% higher than prior record) Rest of World: LL has increased to ~20% of box of
Slide 19: Financial Review
Financial Review Natasha Fernandes Chief Financial Officer
Slide 20: Track Record of Delivering on Guidance
FINANCIAL GUIDANCE AND PERFORMANCE Track Record of Delivering on Guidance 2023 2023 2024 2024 Guidance Results Guidance Results Domestic near-record despite impact of Set numerous Box Office Records, Similar to IMAX Global Box Office ~$1.1B $1.06B Hollywood strikes, weaker China box office $901M imp
Slide 21: 2024 Financial Performance
2024 FINANCIAL PERFORMANCE IMAX Reports Strong Domestic Box Office, Installations, and Profitability in 2024 $ IN MILLIONS except per diluted share data and 2022 2023 2024 FULL YEAR 2024 HIGHLIGHTS network data Global Box Office $849.7 $1.06B $900.7 Global Commercial Network 1,633 1,693 1,735 IMAX G
Slide 22: Strong Operating Leverage – Higher Box Office Drives Higher Adjusted EBITDA Margin
Strong Operating Leverage – Higher Levels of Box Office Drive Predictably 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 % 40% 2025 Target: 40%+ 30% Correlation Coefficient 86% 20%
Slide 23: Systems Installations Growth Accelerating
SYSTEMS NETWORK GROWTH DRIVERS Systems Installations Growth Accelerating with 2024 Installations up 14% Year-Over-Year 2024 SIGNINGS 2024 SIGNINGS BY QUARTER BACKLOG PIPELINE 87 440 450 JRSA Sale 58% 68 42% 89 16 19 Upgrades 8 Joint Revenue Sharing Hybrid JRSA 1Q24 2Q24 3Q24 4Q24 132 108 Sales 130 T
Slide 24: Low Leverage Model with Improving Cash Flow and Strong Liquidity
Low Leverage Model with Improving Cash Flow and Strong Liquidity OP E R AT I N G C ASH F LOW ( $ IN MILLIO NS ) DE BT M AT UR I T Y LA DDE R ($ I N M I LLI ON S) $250 $60 $200 $71 $150 $30 $59 $231 $100 $17 $- $6 $50 $(23) $1 $37 $- $(30) 2025 2026 2027 2020 2021 2022 2023 2024 CASH & LIQUIDITY POSI
Slide 25: IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020
DELIVERING VALUE THROUGH SHARE REPURCHASE IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020 YEAR-END SHARES SHARES REPURCHASED AVERAGE OUTSTANDING PAST 4 YEARS1 REPURCHASE PRICE ( I N T H O U S A N D S ) ( I N T H O U S A N D S ) Shares Repurchased % Repurchased (Cume) 6,000 25% 5,000 20%
Slide 26: Cash Flow Reflects Strength of Financial Model
ATTRACTIVE CASH FLOW MODEL Cash Flow Reflects Strength of Financial Model FULL YEAR 2023 FULL YEAR 2024 ($ IN MILLIONS) ($ IN MILLIONS) $70.8 $58.6 $54.0 $43.8 $25.8 $29.6 $24.3 $18.0 $6.5 $8.3 $8.4 $8.4 2023 Operating PP&E Investment FCF Before Investments In 2023 Free 2024 Operating PP&E Investmen
Slide 27: Appendix
A P P E N D I X IMAX INVESTOR PRESENTATION
Slide 28: 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 29: Appendix: How IMAX Makes Money
Appendix: How IMAX Makes Money Segment Customer Revenue Streams 2024 Revenue Comments IMAX earns a percentage of box office from studios for remastering and distribution of films in the IMAX network. Film Remastering & $101M Revenue is recognized as box office is earned. Content Solutions Studios an
Slide 30: 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 deferred financing costs. Adjusted EBITDA per Credit Facility is defined as EBITDA excluding: (i) share-based and adjusted net income attributable to common shar
Slide 31: 2024 Non-GAAP Financial Reconciliation – Adjusted Net Income
2024 NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 3 MONTHS ENDED 3 MONTHS ENDED FULL YEAR 2024 FULL YEAR 2023 DECEMBER 31, 2024 DECEMBER 31, 2023 $ IN THOUSANDS, EXCEPT Net Income Per Share Net Income Per Share Net Income Per Share Net Income Per Share EPS DATA Net Income Attributable to
Slide 32: 2024 Non-GAAP Financial Reconciliation – Adj. EBITDA
2024 NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 3 MONTHS ENDED 3 MONTHS ENDED FULL YEAR 2024 FULL YEAR 2023 DECEMBER 31, 2024 DECEMBER 31, 2023 Revenues $92,672 $ 86,018 $ 352,208 $ 374,839 Reported Net Income $ 6,866 $ 3,311 $ 32,702 $ 33,066 Add (Subtract): Income Tax Expense 1
Slide 33: Non-GAAP Financial Reconciliation – Free Cash Flow
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW FULL YEAR 2024 FULL YEAR 2023 $ IN THOUSANDS Net Cash Provided by Operating Activities $ 70,837 $58,615 Purchase of Property, Plant and Equipment (8,428) (6,491) Acquisition of Other Intangible Assets (8,447) (8,344) Free Cash Flow Before Growth CAP