Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q4 2019 Earnings Presentation
22 slides from Cinemark's earnings presentation, 2020
Slide 1: Investor Presentation Q4 2019
INVESTOR PRESENTATION Q4 2019
Slide 2: Forward-looking statements
I S prese; tation co tal 5, 0 ay be deer ed to co fain “Torward-looki Q State Within the meaning o ents ) le Sai era bor provisions of the United States P vate Securities Li gatlon Reform Act of 1995, Forward-looking statements are subject to risks and uncertainties tht may cuse Cinemark’s actual re
Slide 3: Company Overview
CENTURY (inéAris Fehon YAVE THEATRES INEMAR Hh CIneMsse = |
Slide 4: Cinemark Domestic Theatres
Cinemark Domestic Theatres 345 Theatres 4,645 Screens 42 States 105 DMAs #1 or #2 in ~80% of our top 25 markets 4 1) Ranking based on box office revenues as of 12/31/19.
Slide 5: Cinemark International Theatres
Cinemark International Theatres 209 Theatres 1,487 Screens 15 Countries 26 Years operating experience 14 of the top 20 largest ~30% Market share metropolitan areas In key in South America countries 5 Ranking based on box office revenues as of 12/31/19
Slide 6: Broad and Leading Presence in the Americas
Broad and Leading Presence in the Americas Strong and expansive presence strategically important for film distribution and to potential Pan-Regional promotional partners Strong Americas Presence Approximate Market Share 1 Brazil CINEMARK Years in As of 12/31/19 Country Theatres Screens Rank (1) 37%
Slide 7: 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 8: Consistent Industry Outperformance
Consistent Industry Outperformance 39 out of 44 quarters of North American industry out-performance 2014 – 2019 Admission Revenue Growth (1) CNK WW Adjusted EBITDA Growth (1, 2) 22.9% 17.3% $745.0 Worldwide C$ Constant $ 10.1% $550.9 U.S. North 2014 2019 American Industry Constant $ Source: MPAA and
Slide 9: 2020 Notable Film Titles
2020 Notable Film Titles Q1 Universal Sony Warner Bros. Disney Paramount Disney Q2 United Artist Disney Universal Wonder Woman Warner Bros. Disney “Top Gun” Paramount Q3 Universal Sony Warner Bros. Disney “Spider-Man Universe” Sony Warner Bros. Steven Spielberg’s Q4 Sony Disney Disney Fox Universal
Slide 10: 2021 Films Announced To-Date
2021 Films Announced To-Date 3
Slide 11: Strategic Initiatives
STRATEGIC INITIATIVES i! rT i i) | iN Wiens Uh) ie UATE H
Slide 12: Strategic Initiatives
Strategic Initiatives Objective: Attract and build attendance to maximize box office while pursuing opportunities to capture incremental ancillary revenues 1 Create an extraordinary in- theatre guest experience Deepen and extend the overall 2 guest engagement Actively pursue organic and 3 synergisti
Slide 13: Luxury Lounger Recliner Seats
Luxury Lounger Recliner Seats YE 2019: 60% of U.S. circuit Est. YE 2020: ~64% of U.S. circuit 13
Slide 14: World's #1 Exhibitor Premium Large Format Brand
World’s #1 Exhibitor Premium Large Format Brand 4% Worldwide Screens 9% (1) Worldwide Box Office 275 77% (2) 100% THX Certified (3) Global XD Auditoriums Feature Luxury Loungers 1) FY19 14 2) 77% of US auditoriums 3) Latin America certification in-process
Slide 15: Enhanced Food & Beverage Tactics
Enhanced Food & Beverage Tactics 52 US F&B Per Cap Growth +81% $5.31 Consecutive Quarters US Food & Beverage per Patron Growth $3.65 ~75% Expanded F&B $2.94 ~50% Alcohol Activation 2009 2014 2019 15 US F&B stats
Slide 16: Evolution of Loyalty Program
Evolution of Loyalty Program MEMBER BENEFITS (1) FREE! $8.99/month Even higher level of engagement Earn 1 Point for Every $1 Spent Redeem Points for Tickets and More Rewards Member Access to Screenings Dollar-based point system & Advance Tickets Free Birthday Reward Free Large Popcor
Slide 17: Progress since December 5, 2017 launch
Progress since December 5, 2017 launch… 950K 38M ~17% Active members = Cumulative tickets of 4Q19 box office 2700 members/theater sold via Movie Club 3x 80% 90%+ Member visits relative Movie credits Member satisfaction to non-members redeemed to-date 17 Information as of 2/21/2019
Slide 18: Financials
FINANCIALS 18
Slide 19: Capital Allocation Strategy
Capital Allocation Strategy We continue to favor an approach of prioritizing balance sheet strength and pursuing investments to grow and secure the long-term viability of Cinemark 1 Maintain balance sheet strength to preserve flexibility and risk management Invest in strategic/financially accretive
Slide 20: Capital Structure
Capital Structure Significant cash reserves Ability to take advantage of growth opportunities as they arise $'s in millions Dec. 31, 2019 Long-term Debt, including current maturities: Senior Secured Credit Facility $ 646.3 4.875% Senior Notes due 2023 $ 755.0 5.125% Senior Notes due 2022 $ 400.0 Fin
Slide 21: Solid Recent Results
Solid Recent Results Year Ended December 31, $'s in millions 2019 2018 2017 Revenues U.S. $ 2,580.9 $ 2,539.0 $ 2,222.1 International 702.2 682.8 769.5 Worldwide Revenues $ 3,283.1 $ 3,221.8 $ 2,991.6 Adjusted EBITDA (1) U.S. $ 615.2 $ 648.6 $ 558.2 International 129.9 132.9 165.6 Worldwide Adj. EBI
Slide 22: Thank You
Thank You Contact: Chanda Brashears VP Investor Relations cbrashears@cinemark.com (972) 665-1671