Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q1 2020 Earnings Presentation
17 slides from Cinemark's earnings presentation, Jun 3, 2020
Slide 1: Investor Presentation: Liquidity and COVID-19 Update
Investor Presentation Liquidity and COVID-19 Update June 3, 2020
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS: This report release includes “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 and speak only as of the date hereof. The “
Slide 3: Outline
Outline • Cinemark Overview • Financial Summary • Key Liquidity Actions • A Look Ahead 3
Slide 4: Cinemark Overview
Cinemark Overview 345 Theatres 4,649 Screens • Geographically diverse worldwide exhibitor – 555 theatres with 6,145 screens in 16 countries (1) • U.S. Operations – Third largest exhibitor in terms of market share (2) – 42 states, 105 DMAs – #1 or #2 in 80% of our top 25 markets (2) – Highest attenda
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 as Walt Disney Company, most Chairman since 1996 rec
Slide 6: 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 5-Year top-line growth in U.S. and International segments 2019 CAGR • Exceeded North America industry box office growth Attendanc
Slide 7: 1Q20 Financial Summary
1Q20 Financial Summary ($’s in millions) 1Q20 Worldwide Results Highlights • Ahead of the crisis, Cinemark’s global results were tracking very well ... through Feb QTD, on relatively flat attendance, revenue was up 5%, Adj. EBITDA had 1Q20 1Q19 increased 16% and Adj. EBITDA margin has expended Atten
Slide 8: Key Liquidity Actions
Key Liquidity Actions Our healthy balance sheet and low leverage enabled Cinemark to enter the global COVID-19 crisis in a strong financial position; we have been working aggressively to preserve cash and ensure sufficient liquidity to effectively navigate through the crisis Cash Preservation & Liqu
Slide 9: Theater Re-opening Plans
Theater Re-opening Plans Cinemark’s re-opening strategy is based on a range of strategic health, regulatory and consumer considerations, as well as active collaboration with our studio partners on the timing of their new film releases Re-opening Considerations Re-open Timeline and Approach • Our U.S
Slide 10: Enhanced Cleaning, Safety and Efficiency Measures
Enhanced Cleaning, Safety and Efficiency Measures As we theaters re-open, they will include a range of new and enhanced cleaning and distancing protocols to keep guest and employees safe, as well as streamlined operating procedures to align costs with near-term consumer demand Planned Cleaning and S
Slide 11: Theater Industry – A Look Ahead
Theater Industry – A Look Ahead • Historically, theatrical exhibition has been a Top Releases Already Re-Dated in 2H20 recession-resistant industry with box office growth in 3 of the past 4 recessions 3Q20 4Q20 • We believe pent-up demand for out-of-home entertainment, along with a backlog of strong
Slide 12: 2021 Film Slate
2021 Film Slate 3 Black Adam 12
Slide 13: Appendix
Appendix 13
Slide 14: Exhibition Industry Trends
Exhibition Industry Trends Stable, long-term industry growth trends across technology innovations and economic cycles North America Industry Box Office Trends Recliners and Recession year enhanced food DVD player Digital projector conversion Investments ... drops to$100 (DVD hey-day) Mass OTT stream
Slide 15: Non-GAAP Measure Reconciliations
Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows Provided by Operating Reconciliation of Net Income to Adjusted EBITDA Activities to Free Cash Flow 2019 2019 Net income $193,848 Cash flows provided by operating activities $561,995 Add (deduct): Deduct: Income taxes 79,9
Slide 16: 1Q20 Non-GAAP Measure Reconciliations
1Q20 Non-GAAP Measure Reconciliations $’s in thousands Reconciliation of Cash Flows Provided by Operating Reconciliation of Net Income to Adjusted EBITDA Activities to Free Cash Flow 1Q20 1Q19 1Q20 1Q19 Net income ($59,422) $33,193 Cash flows provided by operating activities ($15,561) $104,284 Add (
Slide 17: Thank You
Thank You 17