Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q4 2023 Earnings Presentation
22 slides from Cinemark's earnings presentation, Feb 16, 2024
Slide 1: Investor Presentation
Investor Presentation February 16, 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: Cinemark Overview
Cinemark Overview
Slide 4: Cinemark Overview
Cinemark Overview One of the largest and most influential theatrical exhibition companies in the world with 501 theaters with 5,719 screens in 14 countries 1) U.S. Operations 1) • 309 theaters / 4,324 screens • 3rd largest exhibitor (based on screen count and market share) • Located in 42 states, 10
Slide 5: Highly Experienced Executive Leadership Team
Highly Experienced Executive Leadership Team 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
Slide 6: 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 Recliners and enhanced food Digital projector conversion investments DVD player drops t
Slide 7: North American Industry Outperformance
North American Industry Outperformance Cinemark’s operational excellence and execution of strategic priorities has driven faster domestic box office recovery and market share gains FY23 Box Office Recovery 1) Market Share 2) FY23 Market Share 2) 86% 14% 24% 79% 39% 13% 16% 7% 14% Domestic Industry C
Slide 8: Latin American Industry Outperformance
Latin American Industry Outperformance Strong international presence throughout Latin America provides diversification, increased scale, cross-company synergies, and promotional opportunities with global partners Market Share 1) 2) FY23 Market Share - Key Latin American Markets 2) 25% Brazil Argenti
Slide 9: Initiatives Driving Growth and Outperformance
Initiatives Driving Growth and Outperformance Continuing to benefit from sustained investments in guest experience; prioritizing investments in strategic initiatives that position Cinemark for ongoing success Heightened focus on the guest ~70% U.S. recliner penetration - experience with 95% guest hi
Slide 10: Financial Results
Financial Results
Slide 11: Highlights of FY 2023 Results
Highlights of FY 2023 Results We continue to make significant progress recovering from the pandemic and have consistently demonstrated our ability to flex and adapt in a dynamic landscape • Domestic box office outperformed the North American industry results by 700 bps comparing FY23 against FY19 wi
Slide 12: FY23 Financial Summary
FY23 Financial Summary FY23 Highlights Worldwide Results 1) 2) FY23 FY22 Variance • Worldwide attendance increased 22% year-over-year driven by a steady recovery of film volume and a diverse slate of high-quality films. Attendance 210 173 22% • Executed upon strategy to maximize attendance and box o
Slide 13: Capital Structure and Allocation
Capital Structure and Allocation Our balance sheet remains a strategic asset and key differentiator, providing ample flexibility • Covenant-lite debt • Company has a history of proactively managing debt with nearest maturity in (in $ millions) As of Dec. 31, 2023 2025 Long-term debt 1) $2,432 • Rede
Slide 14: A Look Ahead
A Look Ahead
Slide 15: 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 Oct. 4 Nov. 27 Dec. 20 (PAR) (PAR) (UNI) (UNI) (WB) (DIS) (UNI) (DIS) (WB) (WB) (UNI) (DIS) Feb. 14 March 1 March 22 May 10 May 24 June 28 July 19 Aug. 9 Sept. 16 Nov. 8 No
Slide 16: 2025 Compelling Film Slate
2025 Compelling Film Slate Strong film slate with broad consumer appeal already announced for 2025 16
Slide 17: 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 Elevates perception Satisfies consumer/ awareness, interest of films by creative desires to see and recognition eventizing them films on big screen Creates str
Slide 18: Strategic Priorities for Long-Term Operating Success
Strategic Priorities for Long-Term Operating Success Cinemark maintains an advantaged position to capitalize on the ongoing recovery of theatrical exhibition through varied experiential consumer-based, revenue-generating, and productivity initiatives Create an exceptional guest experience through pr
Slide 19: Appendix
Appendix
Slide 20: Key Financial Metrics
Key Financial Metrics Annual Worldwide Results 1) 2) Highlights 2023 2022 2019 • Significant progress year-over-year in each of the key performance metrics, recovering toward 2019-levels Attendance 210 173 280 • Delivered total revenue within 7% of 2019 with strong execution of revenue-generating in
Slide 21: FY 2023 Non-GAAP Measure Reconciliations
FY 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) 2023 2022 2019 2023 2022 2019 Net Income/(Loss) $191 $(268) $194 Cash flows provided by (used for) $444 $136 $562 oper
Slide 22: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671