Slide 1: Investor Day 2025
VIA INVESTOR DAY 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS out-of-home entertainment industries; the Company’s indebtedness and compliance with its debt agreements; general economic, market or business conditions; risks related to sustained inflationary pressure; the failure to convert system backlog into revenue and cash flows; a
Slide 3: Agenda and presenters
A New Era of Growth Rich Gelfond, CEO, IMAX Powerful Brand, Passionate Fans Anne Globe, Chief Marketing Officer Jonathan Fischer, Chief Content Officer Awe-Inspiring IMAX Experiences Heather Morgan, Head of Global Distribution Building on the Best Year Ever Daniel Manwaring, CEO, IMAX China Growing
Slide 4: Anne Globe, Chief Marketing Officer
Anne Globe CHIEF MARKETING OFFICER
Slide 5: The Power of IMAX Brand
THE POWER OF IMAX BRAND
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Slide 7: FOOIORI
FOOIORI NOVEMBER 26
Slide 8: The Final Reckoning
THE FINAL RECKONING FILMED FOR y IN CINEWAS MAY 2; BOOK NOW iti : eo
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Slide 10: Superman
SUPERMAN “aly
Slide 11: Springsteen: Deliver Me From Nowhere
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Slide 13: IMAX release increases interest in the film
Say an IMAX release increases their interest in the film
Slide 14: More interested in streaming if it had an IMAX release
More interested to watch a movie in streaming if it has had an IMAX release
Slide 15: Awareness and engagement with wider brands
AWARENESS AND ENGAGEMENT WITH WIDER BRANDS (Among U.S. Online Consumers Overall) 38% 78% Spotify 32% 77% HBO Max 30% 75% Marvel Studios 29% 75% ESPN 40% 74% 23% 72% Pixar 20% 70% New Balance 20% 61% DC Studios 12% 56% Lululemon Used/Engaged With in Last 12 Months Aware of
Slide 16: IMAX fans are passionate advocates
IMAX FANS ARE PASSIONATE ADVOCATES amazon | MARVEL ESATO (a | MAX (cox SS IMAX Net Promoter Score rivals the biggest brands in entertainment, tech and apparel imers, Source: IMAX Brand Study, October 2
Slide 17: IMAX sits among fan-driven content brands
Is high quality Feels authentic and genuine Is cool Says something about who I am Is premium Has their own personality Is unique and different Is world-class from other brands Is bold and Is superior Is innovative disruptive Is good value Is respected and Helps me keep up with Is creative Feels rela
Slide 18: IMAX share of global box office on <1% of screens
IMAX share(1)(2) of Global Box Office on <1% of screens Growth YTD Sep 2025 to 3.8%(1)(2) of total GBO on < 1% of screens Growth YTD Sep 2025 to 5.2%(1)(2) of total DBO on < 1% of screens Indexing, 5 films, opening weekend DBO (
Slide 19: Audience demographics
55-64 13-17 10% 14% 45-54 15% 18-24 55% 45% 13% MALE FEMALE 35-44 21% 25-34 27%
Slide 20: Horror indexing
Horror indexing (+3% increase)
Slide 21: 2024-2025 Global Social Followings
2024-2025 GLOBAL SOCIAL FOLLOWINGS* 11.50 (In millions) ~20% 11.00 (Including China) YTD 10.50 10.00 +156% compared to Q1-Q3 2024 9.50 9.00 +32% compared to 2024 8.50 Jan-24 Jan-25
Slide 22: Brad Pitt Surprise Appearance
Brad Pitt Surprise Appearance Engagements 88K Views 14M
Slide 23: Demon Slayer
Demon Slayer Engagements 429.23k Views 7.9M
Slide 24: Sinners BFI 70MM BTS
Sinners BFI 70MM BTS Engagements 417k Views 6M
Slide 25: HBD Nolan
HBD Nolan Engagements 142k Views 4M
Slide 26: Profitable fan platform
PROFITABLE FAN PLATFORM DIVERSE INVENTORY OF IMAX-BRANDED COLLECTIONS AND IP-BASED COLLABS
Slide 27: Tapping into drop culture
TAPPING INTO DROP CULTURE TO EVENTIZE SELECT RELEASES +60% DROPS YOY
Slide 28: Jonathan Fischer and Heather Morgan
Jonathan Fischer CHIEF CONTENT OFFICER Heather Morgan HEAD OF GLOBAL DISTRIBUTION
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Slide 32: Studio and filmmaker partners
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Slide 33: New pieces of content
140 NEW PIECES OF CONTENT 123 120 117 24 16 100 98 7 80 62 61 68 60 2 59 19 40 Alt Content Local Language 20 41 40 32 31 Hollywood 0 AVG. 2016-2019 2023 2024 2025
Slide 34: Select 2026 IMAX titles
SELECT 2026 IMAX TITLES NARNIA DUNE: PART THREE
Slide 35: Select 2026 IMAX titles
SELECT 2026 IMAX TITLES MINIONS 3
Slide 36: Mortal Kombat II, Street Fighter, Resident Evil
MORTAL KOMBAT II STREET FIGHTER RESIDENT EVIL
Slide 37: Upcoming titles
MIAMI VICE STAR WARS: THE LEGEND SPIDER-MAN: AVENGERS: STARFIGHTER OF ZELDA BEYOND THE SECRET WARS SPIDER-VERSE
Slide 38: Higher IMAX indexing when a title is FFI
Higher IMAX indexing, when a title is FFI Indexing on 4 FFI films, opening weekend DBO Of total IMAX 2025 GBO generated from the 10 IMAX FFI titles
Slide 39: Expanding our partnerships
EXPANDING OUR PARTNERSHIPS — NARNIA Original Films ETFLIX AZON M STUDIOS
Slide 40: IMAX GBO from Local Language titles
IMAX GBO from IMAX GBO from Local IMAX Local Language Local Language titles Language versus 2019 titles released in 2025
Slide 41: Local language growth figures
40% 67% 74%
Slide 42: Mononoke
sooo gas INTHEATERS AUGUST 22” MONONOKE i $167M
Slide 43: Ramayana, Varanasi, Jujutsu Kaisen
JUJUTSU KAISEN: EXECUTION RAMAYANA VARANASI
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Slide 46: Studios partnership
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Slide 48: Daniel Manwaring, CEO, IMAX China
Daniel Manwaring CEO, IMAX CHINA
Slide 49: China slate
Penghu 澎湖海战 Sherlock of China 神探之痕迹 Scare Out 惊蛰无声 The Odyssey 奥德赛 Pegasus 3 ⻜驰人生3 Dune: Part 3 沙丘3 Crazy Alien 2 疯狂的外星人 2 Shaolin Women's Soccer 少林女足 The War of Light 转念花开 The Wandering Earth 3 流浪地球3 The Creation of the Gods 封神3 Godzilla x Kong: Supernova 哥斯拉大战金刚3:超新星之战 Once Upon a Time in the Midd
Slide 50: Giovanni Dolci, Chief Commercial Officer
Giovanni Dolci CHIEF COMMERCIAL OFFICER
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Slide 52: IMAX Commercial Locations
ERCIAL LOCATIONS oem
Slide 53: Narnia, Dune: Part Three
NARNIA DUNE: PART THREE
Slide 54: 165+ system signings in 2025
165+ SYsteMm sicNINGs IN 2025 ° Yo INCREASE VS 2019
Slide 55: Exhibitor clients in 2025
257 EXHIBITOR CLIENTS IN 2025 INCREASE VS 2019
Slide 56: Network penetration and backlog by region
27% 48% 1,889 1,634 45% 656 1,269 943 191 483 Current Penetration Rate (IMAX Network) 116 Unpenetrated Market 36 787 424 504 IMAX New System Backlog IMAX Network Domestic Greater China Rest of World
Slide 57: Power of the IMAX brand
INCREASED SPEND ON IMAX Al-POWERED METHODOLOGY MORE EXCLUSIVE IMAX CONTENT POWER OF THE IMAX BRAND
Slide 58: Growth opportunities
1 High growth underserved markets 2 Domestic opportunity 3 Second IMAX in high performance zones Deal structures leveraging IMAX liquidity
Slide 59: Growth opportunities
High growth underserved markets 2 Domestic opportunity 3 Second IMAX in high performance zones Deal structures leveraging IMAX liquidity
Slide 60: Country zones and penetration
COUNTRY OPEN ZONES PENETRATION INDIA 100 23% JAPAN 81 39% UK & IRELAND 65 42% SOUTH KOREA 63 29% AUSTRALIA 61 11% GERMANY 57 15% FRANCE 57 30% MEXICO 50 27% BRAZIL 42 22% INDONESIA 39 30%
Slide 61: Experience It In
EXPERIENCE IT IN
Slide 62: Growth opportunities
High growth underserved markets Domestic opportunity 3 Second IMAX in high performance zones Deal structures leveraging IMAX liquidity
Slide 63: Growth opportunities
High growth underserved markets Domestic opportunity Second IMAX in high performance zones Deal structures leveraging IMAX liquidity
Slide 64: Zones
Total 6 74 153 13 12 26 8 ZONES 20 49 16 6 25 12 34
Slide 65: Growth opportunities
High growth underserved markets Domestic opportunity Second IMAX in high performance zones Deal structures leveraging IMAX liquidity
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Slide 72: Mark Welton, President, IMAX Global Theatres
Mark Welton PRESIDENT, IMAX GLOBAL THEATRES
Slide 73: Natasha Fernandes, Chief Financial Officer
Natasha Fernandes CHIEF FINANCIAL OFFICER
Slide 74: Balanced geographic mix of revenues
BALANCED GEOGRAPHIC MIX OF REVENUES CONTENT SOLUTIONS: ~40% of total Film Remastering & Distribution – grows with box office Other Content Solutions – documentaries / alt content 27% TECHNOLOGY PRODUCTS: ~58% of total 39% System Sales – driven by new and upgrade sales arrangements System Rentals - g
Slide 75: Blockbusterization of content; demand for premium
BLOCKBUSTERIZATION DEMAND FOR PREMIUM: OF CONTENT THE IMAX EXPERIENCE GLOBAL NETWORK GLOBALLY DIVERSIFIED EXPANSION CONTENT PORTFOLIO
Slide 76: Strong top-line growth and margin expansion
STRONG TOP-LINE GROWTH Market share growth from virtuous cycle of accelerating network expansion and increased utilization/attendance 46% from 2019(1) VISIBLE MARGIN EXPANSION Operating leverage growing as network scales and market share expands 700bps GM % from 2019(1) INCREASING CASH FLOW CONVERSI
Slide 77: September YTD 2025 results
Revenues IMAX Box Office Adj Net Income(2) (4) IMAX System Signings Adj EBITDA(3) (4) IMAX System Installations Cash from Operations (1) Compares September YTD 2025 vs September YTD 2024. (2) Attributable to common shareholders. (3) Total Adjusted EBITDA is before adjustments for non-controlling int
Slide 78: 2025 and 2026 guidance
2024 2025 2026 ACTUALS GUIDANCE GUIDANCE IMAX BOX OFFICE $920M ~$1.25B+ ~$1.4B increased from $1.2B+ 150 - 160(1) SYSTEM INSTALLATIONS 146 increased from 145 - 160 160 - 175(2) expect to be at high-end TOTAL ADJUSTED EBITDA MARGIN % (3) 39.4% Low-40s Mid-40s increased from 40%+ (1) Expect for FY 202
Slide 79: Financial targets through 2028
FCF CONVERSION (4)(5) ADJUSTED EPS ~50% GROWTH (2)(5) by 2026 and growing ADJUSTED EBITDA TWICE MARGIN % (2)(3)(5) the rate of revenue REVENUE GROWTH OVER 50% by 2028 High Single to Low Double Digit CAGR (1) Developed using a base year of 2025 to project 2026 through 2028. (2) Attributable to common
Slide 80: Network growth and global market share expansion
COMMERCIAL NETWORK GROWS MID-SINGLE DIGITS CAGR (1) GLOBAL MARKET SHARE EXPANDS TO APPROX 5% BY 2028 (1) Supported by Backlog of 341 New Systems(2) and Driven by rising global demand for IMAX and Rest of approximately 4,500 Global IMAX Zones World market share converging on Domestic/China 2,050+ 1,7
Slide 81: Margin expansion drivers
50% MARGIN EXPANSION DRIVERS INCREMENTAL MARGIN Box Office Growth Over half of revenues tied to box office 85% 39.4% IMAX Network Growth System Sales and Recurring Maintenance 50% Streaming and Licensing UPSIDE TO MODEL Opportunity 2024 2028 ADJUSTED EBITDA MARGIN PERCENTAGE(1) (1) Total Adjusted EB
Slide 82: Free cash flow conversion
Increase in EBITDA Margin %(2)(3) 50% FCF Conversion(1)(3) Incrementality from higher levels of IMAX Box Office flows through to cash flow POSITIVE OPERATING CASH FLOW TREND ($ in millions) Positive working capital dynamics Accelerating pace of exhibitor collection trends Growing cash flow contribut
Slide 83: Cash, debt and capital allocation
Refinanced convertible debt at 0.75% Invest for growth & value creation with $57.10 capped call, due November 2030 Growth CAPEX to support network expansion Reflects a premium of 75% above the date of pricing closing price Transaction resulted in undisturbed trading of IMAX equity Return excess cash
Slide 84: Unique tailwinds, expansive moat, financial strength
Capitalize on surging demand for The IMAX Experience to grow network and box office UNIQUE TAILWINDS Capture incremental market share; every +1 point is worth ~$350M GBO High barriers to entry and deep partnerships across filmmakers, studios, and exhibitors EXPANSIVE MOAT Unique, end-to-end technolo
Slide 85: IMAX Senior Management Team
IMAX Senior Management Team
Slide 86: Investor Day 2025
IVIADX INVESTOR DAY 2025
Slide 87: Appendix
Slide 88: 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 Agreement requirements, when applicable. In addition, the Company believes that Adjusted EBITDA per adjusted net income attributable to common shareholders per ba
Slide 89: Non-GAAP Reconciliation: Adjusted Net Income
NON-GAAP FINANCIAL RECONCILIATION — ADJUSTED NET INCOME 9 MONTHS ENDED SEPTEMBER 30, 2025 9 MONTHS ENDED SEPTEMBER 30, 2024 FULL YEAR 2024 $ IN THOUSANDS, EXCEPT EPS DATA Net Income Per Diluted Share Net Income Per Share Net Income Per Share Net Income Attributable to Common Shareholders $ 34,239 $
Slide 90: Non-GAAP Reconciliation: Adj. EBITDA
NON-GAAP FINANCIAL RECONCILIATION — ADJ. EBITDA $ IN THOUSANDS 9 MONTHS ENDED 9 MONTHS ENDED FULL YEAR 2024 FULL YEAR 2019 SEPTEMBER 30, 2025 SEPTEMBER 30, 2024 Revenues $ 285,005 $ 259,836 $ 352,208 $ 395,664 Reported Net Income $ 43,001 $ 25,836 $ 32,702 $ 58,571 Add (Subtract): Income Tax Expense
Slide 91: Non-GAAP Reconciliation: Free Cash Flow
NON-GAAP FINANCIAL RECONCILIATION — FREE CASH FLOW 9 MONTHS ENDED SEPTEMBER 30, 9 MONTHS ENDED SEPTEMBER 30, $ IN THOUSANDS FULL YEAR 2024 FULL YEAR 2019 2025 2024 Net Cash Provided by Operating Activities $ 97,694 $ 59,352 $ 70,837 $ 90,377 Purchase of Property, Plant and Equipment (6,750) (3,816)