Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q1 2021 Earnings Presentation
26 slides from Cinemark's earnings presentation, May 7, 2021
Slide 1: Investor Presentation
Investor Presentation May 7, 2021 1
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS: Certain matters within this presentation include “forward–looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The “forward-looking s
Slide 3: Cinemark Overview
Cinemark Overview 3
Slide 4: Cinemark Overview
Cinemark Overview 325 Theatres 4,436 Screens(1) • One of the largest and most influential movie theatre companies in the world – 523 theatres with 5,872 screens in 16 countries (1) • U.S. Operations (2) – Third largest exhibitor in terms of market share – 42 states, 104 DMAs – Historically #1 or #2
Slide 5: Highly Experienced Management Team
Highly Experienced Management Team Lee Roy Mitchell Mark Zoradi Founder & Executive Chairman CEO & Board Director Founded Cinemark in 1987, served as CEO Served as Cinemark’s CEO since 2015. Spent through 2006 and has served as Executive 30+ years at Walt Disney Company, most Chairman since 1996 rec
Slide 6: Exhibition Industry Trends
Exhibition Industry Trends Stable, long-term industry growth trends 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 adoption ... Recessio
Slide 7: 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 Market Share - North America1 Market Share - Key Latin American Markets1 Cinemark 27% Cinepolis 37% Kinoplex AMC Brazil Ar
Slide 8: Pre-COVID Summary & Financials
Pre-COVID Summary & Financials 8
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. While the initiatives are currently being reprioritized, we expect these to be a focus over the long-term. 1 Create an extraordinary in- theatre guest e
Slide 10: Consistent Industry Outperformance
Consistent Industry Outperformance Cinemark has surpassed North American industry box office growth 45 out of the past 49 quarters and has consistently led the industry in profitability 2014 - 2019 Admission Revenue Growth 1 CNK WW Adjusted EBITDA Growth 1, 2 +6% 22.9% CAGR $745 17.3% $551 10.1% Nor
Slide 11: 2019 Financial Summary
2019 Financial Summary Amounts 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 Atte
Slide 12: COVID-19 Update
COVID-19 Update 12
Slide 13: 2020 Financial Summary
2020 Financial Summary Amounts in millions FY 2020 Worldwide Results Highlights • Ahead of the crisis, through QTD Feb 2020, on relatively flat attendance, revenue was up 5%, Adj. EBITDA had increased 16% and Adj. EBITDA margin expanded ~200 bps compared to 1Q19 FY20 FY19 • The impact of COVID-19, i
Slide 14: Key Liquidity Actions
Key Liquidity Actions We have been working aggressively to preserve cash and bolster liquidity to effectively navigate through the crisis; we have limited cash burn and secured a runway into 2022 if the current operating environment continues Eliminated Non- Cash Preservation & Liquidity Actions Ess
Slide 15: Streamline & Business Efficiency Actions
Streamline & Business Efficiency Actions Have enacted, and are continuing to pursue, varied productivity and efficiency initiatives to achieve our strategic cash management and profitability objectives, including aligning expenses with near-term demand. Optimizing operating hours and showtime schedu
Slide 16: Enhanced Cleaning, Safety and Efficiency Measures
Enhanced Cleaning, Safety and Efficiency Measures A range of enhanced cleaning and distancing protocols implemented to ensure guest and employee safety • Staggering show times to minimize crowds and implementing seat buffering technology within our point- of-sale system that will ensure physical dis
Slide 17: Domestic Theatre Results
Domestic Theatre Results The results of our test-and-learn theatres were instrumental in the phased reopening of our global circuit with key learnings on training, communication, implementation and execution of our clean and safety protocols in this new operating environment. • 1Q21 box office of $4
Slide 18: Recovery Status
Recovery Status Highly optimistic regarding resurgence of theatrical moviegoing considering the rapid pace of the vaccine rollout, improving consumer sentiment about returning to movie theatres, recent box office successes and confirmation of consistent content supply. Recovery Considerations Reopen
Slide 19: A Look Ahead
A Look Ahead 19
Slide 20: Theatre Industry – A Look Ahead
Theatre Industry – A Look Ahead • Maintaining active communication with 15M+ addressable customers, including 950K+ Movie Club subscription members • Innovating and evolving the movie-going experience with Private Watch Parties and reparatory content as the industry reignites • Pent-up demand for ou
Slide 21: 2021 Notable Film Titles
2021 Notable Film Titles Q2 Warner Bros. Warner Bros. Funimation Disney Paramount Warner Bros. Universal Q3 Disney Sony Disney Warner Bros. Universal Disney Sony Q4 “Top Gun” United Artist Disney Sony Paramount Sony Warner Bros. Universal
Slide 22: 2022 Film Slate
INE AR 2022 Film Slate CENTURY CinéArts. Ziedonn rave MARVEL STUDIOS BLACK PANTHER ILLUMINATION o2csexrs THE RISE OF GRU siitte AO WAM AN Imm 22
Slide 23: Appendix
Appendix 23
Slide 24: 1Q 2021 Non-GAAP Measure Reconciliations
1Q 2021 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows Used for Reconciliation of Net Loss to Adjusted EBITDA Operating Activities to Free Cash Flow 1Q 2021 1Q 2020 1Q 2021 1Q 2020 Net Loss ($208,843) ($59,422) Cash flows used for operating activities ($124,079) ($15,
Slide 25: FY 2020 Non-GAAP Measure Reconciliations
FY 2020 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows (Used for) Reconciliation of Net Income/(Loss) to Adjusted EBITDA Provided by Operating Activities to Free Cash Flow FY 2020 FY 2019 FY 2020 FY 2019 Net Income/(Loss) ($617,948) $193,848 Cash flows (used for) prov
Slide 26: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671 26