Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q1 2022 Earnings Presentation
23 slides from Cinemark's earnings presentation, May 6, 2022
Slide 1: Investor Presentation
Investor Presentation May 6, 2022 1
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: Cinemark Overview
Cinemark Overview 3
Slide 4: Cinemark Overview
Cinemark Overview 321 Theatres 4,408 Screens(1) • One of the largest and most influential movie theatre companies in the world – 520 theatres with 5,849 screens in 16 countries (1) • U.S. Operations (2) – Third largest exhibitor – 42 states, 104 DMAs – #1 or #2 in box office revenues in 80% of our t
Slide 5: Highly Experienced Management Team
Highly Experienced Management Team Lee Roy Mitchell Sean Gamble Founder & Executive Chairman President & CEO Founded Cinemark in 1987, served as CEO 15+ years of industry experience. Joined through 2006 and has served as Executive Cinemark in 2014 as CFO, promoted to Chairman since 1996 CFO/COO in 2
Slide 6: Exhibition Industry Trends
Exhibition Industry Trends Prior to COVID, long-term industry growth trends were stable across technology innovations and economic cycles North America Box Office Trends Recliners and enhanced food DVD player Digital projector conversion Investments ... drops to$100 (DVD heyday) Mass OTT streaming a
Slide 7: Pre-COVID Summary & Financials
Pre-COVID Summary & Financials 7
Slide 8: Broad and Leading Presence in the Americas
Broad and Leading Presence in the Americas Strong presence across the U.S. and Latin America that is strategically important to film distributors as well as promotional partners 2019 Market Share - North America(1) 2019 Market Share - Key Latin American Markets(1) Cinemark 27% Cinepolis 37% Kinoplex
Slide 9: Initiatives to Drive Growth and Outperformance
Initiatives to Drive Growth and Outperformance Cinemark’s strategic initiatives drove growth and consistent outperformance leading into the crisis. 1 Create an extraordinary in- theatre guest experience Deepen and extend the overall 2 guest engagement Actively pursue organic and 3 synergistic growth
Slide 10: Consistent Industry Outperformance
Consistent Industry Outperformance Cinemark has surpassed North American industry box office growth 12 out of the past 13 years and has (1) consistently led the industry in profitability 2014 - 2019 Admission Revenue Growth (2) CNK Worldwide Adj. EBITDA Growth (2, 3) +6% 22.9% CAGR $745 17.3% $551 1
Slide 11: 2019 Financial Summary
2019 Financial Summary $’s in millions 2019 Worldwide Results Highlights • Served ~280 million patrons globally • Achieved 5th consecutive year of record revenue with top- 5-Year line growth in U.S. and International2 segments 2019 CAGR • Exceeded North America industry box office growth by Attendan
Slide 12: Pandemic Recovery Update and Financial Results
Pandemic Recovery Update and Financial Results 12
Slide 13: Pandemic Recovery Status
Pandemic Recovery Status Positive momentum regarding the rebound of theatrical exhibition; Cinemark is well-positioned to reignite theatrical moviegoing, drive share, and boost loyalty Recovery Considerations Recovery Update • As pandemic transitions to an endemic, expecting a significant reduction
Slide 14: Operational and Promotional Advancements
Operational and Promotional Advancements Have enacted, and are continuing to pursue, varied productivity and efficiency initiatives while focusing on efforts to maximize attendance and box office and drive new ancillary revenue opportunities Optimizing operating hours and showtime schedules through
Slide 15: Highlights of First Quarter 2022 Results
Highlights of First Quarter 2022 Results We continue to make significant progress in recovering from the effects of the pandemic and are extremely well-positioned to benefit during the ongoing resurgence of theatrical moviegoing • Cinemark domestic box office outperformed the North American industry
Slide 16: First Quarter 2022 Financial Summary
First Quarter 2022 Financial Summary $’s in millions Highlights 1Q 1Q 1Q • Delivered positive Adj. EBITDA of $25MM for the first quarter despite omicron-related headwinds in January and February 2022 2021 2019 Attendance 33.1 7.7 62.3 • Domestic and International circuits contributed meaningfully, e
Slide 17: A Look Ahead
A Look Ahead 17
Slide 18: 2022 Notable Film Titles
2022 Notable Film Titles Quarter 1 Quarter 2 Quarter 3 Quarter 4 April 8 July 1 October 14 January 14 Paramount Universal Universal Paramount October 21 July 8 May 6 Warner Bros. Disney February 4 Disney Paramount February 18 May 27 November 11 Sony July 22 Paramount Disney Universal March 4 Warner
Slide 19: Appendix
Appendix 19
Slide 20: Full Year 2021 Financial Summary
Full Year 2021 Financial Summary $’s in millions Highlights • Delivered positive Free Cash Flow of $71MM and Adj. EBITDA of FY FY $80MM driven by strength of fourth quarter results 2021 2019 • The industry ramp up continues to progress, and we are highly encouraged by increasing consumer sentiment a
Slide 21: FY 2021 Non-GAAP Measure Reconciliations
FY 2021 Non-GAAP Measure Reconciliations $’s in millions Reconciliation of Cash Flows (Used for) Reconciliation of Net Income/(Loss) to Adjusted EBITDA Provided by Operating Activities to Free Cash Flow FY 2021 FY 2019 FY 2021 FY 2019 Net Income/(Loss) ($422.2) $193.8 Cash flows (used for) provided
Slide 22: 1Q 2022 Non-GAAP Measure Reconciliations
1Q 2022 Non-GAAP Measure Reconciliations $’s in millions Reconciliation of Cash Flows (Used for) Reconciliation of Net Income/(Loss) to Adjusted EBITDA Provided by Operating Activities to Free Cash Flow 1Q 2022 1Q 2021 1Q 2019 1Q 2022 1Q 2021 1Q 2019 Net Income/(Loss) ($72.5) ($208.9) $33.2 Cash flo
Slide 23: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671 23