Slide 1: Investor Presentation October 2025
I N V E S TO R P R E S E N TAT I O N O C TO BE R 2025 ® IMAX Corp.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward looking statements that are based on IMAX Corporation (the volatility of the Company’s share price; risks related to currency fluctuations and foreign exchange “Company”) management’s assumptions and existing information and involve certa
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 +50% >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 Record 23+ Filmed for IMAX titles expected in 2025 & 2026 Growing Demand for IMAX Amongst Filmmakers and +50% growth in IMAX Global Studios B
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 A D J U S T E D 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% 31.8% 2021 2022
Slide 8: Full-Year 2025 Guidance
FULL-YEAR 2025 GUIDANCE IMAX Box Office Total Adjusted Installations EBITDA Margin %(1) High End of 2025 150-160(2) Low 40’s $1.2B+ increased from 40%+ Guidance increased from original guidance of 145-160 systems 2024 $901M 146 39.4% Actuals 2023 $1.06B 128 38.4% Actuals IMAX INVESTOR PRESENTATION 8
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 1,759 C A N A D A 44 147 Commercial Multiplex Locations 89 Countries & Territories U N I T E D S T A T E S 380 G R E A T E R C H I N A IMAX network 787 100+ 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 Expansion Opportunity – Less Than 40% Penetrated
IMAX WORLDWIDE TARGET MARKET Significant Rest of World Expansion Opportunity – Less Than 40% Penetrated 3,619 1,488 1,414 1,519 42% 434 30% 823 55% 341 9% 193 14% Unpenetrated Market 717 IMAX New System Backlog 117 8% IMAX Network 262 37% 49% 31 4% 1,759 787 56% 548 37% 424 59% Domestic Greater Chin
Slide 11: Strong Market Share Across Global Box Office
STRONG MARKET SHARE ACROSS GLOBAL BOX OFFICE Strong Share of Global Box Office on Less than 1% of Screens I M A X B OX O F F I C E M A R K E T S H A R E 1, 2 6.0% 5.2% 5.3% 5.0% 4.8% 4.4% 4.4% 4.5% 4.2% 4.0% 3.8% 3.9% 3.8% 3.7% 3.7% 3.8% 3.2% 3.3% 3.3% 3.2% 3.1% 3.0% 3.0% 3.0% 2.5% 2.6% 2.3% 2.3% 2.
Slide 12: Growing IMAX Fandom Fueling Demand for IMAX
Growing IMAX Fandom Fueling Demand for IMAX by Filmmakers, Consumers, Exhibitors and Studios Increasing IMAX Blockbuster Market Share1 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 IMAX
Slide 13: Exceptional Slate Expected Headed into 4Q 2025
E X P E C T E D F O U R T H Q U A R T E R 2 0 2 5 S L A T E Exceptional Slate Expected Headed into 4Q 2025 O C T O B E R O C T O B E R O C T O B E R O C T O B E R O C T O B E R O C T O B E R N O V E M B E R N O V E M B E R N O V E M B E R N O V E M B E R D E C E M B E R D E C E M B E R D E C E M B E
Slide 14: In Addition to Hollywood, Good Visibility Into Local Language Slate
E X P E C T E D 4 Q 2 0 2 5 L O C A L L A N G U A G E S L A T E In Addition to Hollywood, Good Visibility Into Local Language Slate THE VOLUNTEERS: TEE YOD 3 BAAHUBALI: NO OTHER CHOICE PEACE AT LAST THE EPIC J-HOPE JUJUTSU KAISEN: SCARLET MADE IN YIWU ESCAPE FROM THE EXECUTION OUTLAND *Release slate
Slide 15: Exceptional Slate Continues in 2026
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 SUPERGIRL TOY MICHAEL WOMAN OF STORY 5 TOMORROW Avatar carry-over from 2025 into 2026 CHRISTOPHER UNTITLED HUNGER GAMES: DUNE: NOLAN’S FLOWERVALE RESIDENT STREET AVENGERS
Slide 16: IMAX Blockbuster Slate Filling Out for 2027
E X P E C T E D 2 0 2 7 S L A T E IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises Headlining Schedule CHILDREN OF GODZILLA X STAR WARS: A THE THOMAS LEGEND OF STAR WARS: HOW TO TRAIN BLOOD AND KONG: N E W H O P E 5 0 TH CROWN AFFAIR ZELDA STARFIGHTER YOUR DRAGON 2 BONE SUPERNOVA AN
Slide 17: IMAX is Partnering with Streaming Platforms to Eventize and Launch Content
IMAX is Partnering with Streaming Platforms to Eventize and Launch Content* 2 0 2 6 T i t l e s I n c l u d e : M e r c y, T h e B r i d e ! Greta Gerwig's Narnia in 2026 • Two-week IMAX exclusive run over Thanksgiving of 2026 • Theatrical window of four weeks • Committed marketing 2025 Limited Rele
Slide 18: 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 18
Slide 19: Local Language Content Drives Box Office Incrementality and System Demand
Local Language (LL) Content Drives Box Office Incrementality and System Demand in Growth Markets REGIONAL HIGHLIGHTS September YTD 2025 IMAX LL box office of $343M already 40% above previous full year record China: • LL averaged ~50% of IMAX China box office past 3 years • Record 2025 Chinese New Ye
Slide 20: Financial Review
Financial Review Natasha Fernandes Chief Financial Officer
Slide 21: Track Record of Delivering on Guidance
FINANCIAL GUIDANCE AND PERFORMANCE Track Record of Delivering on Guidance 2023 2023 2024 2024 Guidance Results Guidance Results IMAX Global Domestic near-record despite impact of Set numerous Box Office Records, Similar to ~$1.1B improved 25% YoY $1.06B Hollywood strikes, weaker China box office $90
Slide 22: Third Quarter 2025 Financial Performance
THIRD QUARTER 2025 FINANCIAL PERFORMANCE Strong Momentum Heading into Fourth Quarter With Stellar Film Slate Ahead $ IN MILLIONS SEP YTD SEP YTD except for per share information Q3 2025 Q3 2024 2025 2024 SEPTEMBER YTD 2025 HIGHLIGHTS Global Box Office (excl. China Booking $361 $239 $239 $697 Fee) Gl
Slide 23: Total Adjusted EBITDA Margin %
Strong Operating Leverage – Higher Levels of Box Office Have Predictably Driven 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: Low 40’s 30% Correlation Coefficien
Slide 24: Systems Installations and Signings Year-to-Date Outpacing 2024
SYSTEMS NETWORK GROWTH DRIVERS Systems Installations and Signings Year-to-Date Outpacing 2024 SEP YTD BACKLOG PIPELINE SIGNINGS BY QUARTER SIGNINGS 95 87 Sale JRSA 35% 28 478 65% 16 19 19 440 8 137 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 89 142 TOTAL SIGNINGS 101 108 Upgrades SEP YTD Joint Revenue Sharin
Slide 25: 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 $90 $200 $60 $150 $98 $231 $71 $30 $59 $100 $17 $- $6 $50 $(23) $29 $- $(30) 2026 2030 2020 2021 2022 2023 2024 Sep 2025 YTD CASH & L
Slide 26: IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020
DELIVERING VALUE THROUGH SHARE REPURCHASE IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020 Increased Share Repurchase Authorization in June 2025, $251 Million Available Under Program YEAR-END SHARES SHARES REPURCHASED AVERAGE OUTSTANDING PAST 5 YEARS1 REPURCHASE PRICE ( I N T H O U S A N
Slide 27: September 2025 YTD Cash Flow Reflects Strengthening Position
ATTRACTIVE CASH FLOW MODEL September 2025 YTD Cash Flow Reflects Strengthening Position SETPEMBER YTD 2025 SEPTEMBER YTD 2024 ($ IN MILLIONS) ($ IN MILLIONS) $120 $120 $97.7 $100 $100 $87.0 $80 $80 $62.9 $59.4 $60 $60 $50.7 $40 $40 $29.0 $24.1 $21.7 $20 $20 $6.8 $3.9 $4.8 $3.8 $- $- 3Q25 YTD PP&E Ac
Slide 28: Appendix
A P P E N D I X IMAX INVESTOR PRESENTATION
Slide 29: 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 30: 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 31: 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 additional information with respect to the Company’s compliance with its Credit Agreement requirements, when adjusted net income attributable to common sharehold
Slide 32: Non-GAAP Financial Reconciliation — Adjusted Net Income
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 3 MONTHS ENDED 3 MONTHS ENDED 9 MONTHS ENDED 9 MONTHS ENDED SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 Per Per Per $ IN THOUSANDS, EXCEPT Net Income Diluted Net Income Diluted Net Income Diluted Net Income Per S
Slide 33: Non-GAAP Financial Reconciliation — Adj. EBITDA
NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 3 MONTHS ENDED 3 MONTHS ENDED 9 MONTHS ENDED 9 MONTHS ENDED SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 Revenues $ 106,654 $ 91,452 $ 285,005 $ 259,836 Reported Net Income $ 22,616 $ 15,343 $ 43,001 $ 25,8
Slide 34: Non-GAAP Financial Reconciliation — Free Cash Flow
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW 9 MONTHS ENDED SEPTEMBER 30, 2025 9 MONTHS ENDED SEPTEMBER 30, 2024 $ IN THOUSANDS Net Cash Provided by Operating Activities $ 97,694 $ 59,352 Purchase of Property, Plant and Equipment (6,750) (3,816) Acquisition of Other Intangible Assets (3,915) (