Cinemark Holdings, Inc. · NYSE:CNK
Cinemark — Q2 2021 Earnings Presentation
26 slides from Cinemark's earnings presentation, Aug 6, 2021
Slide 1: Investor Presentation
Investor Presentation August 6, 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 323 Theatres 4,426 Screens(1) • One of the largest and most influential movie theatre companies in the world – 521 theatres with 5,864 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: Pre-COVID Summary & Financials
Pre-COVID Summary & Financials 7
Slide 8: 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 2019 Market Share - North America1 2019 Market Share - Key Latin American Markets1 Cinemark 27% Cinepolis 37% Kinoplex AMC
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 46 out of the past 50 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: 1H 2021 Financial Summary
1H 2021 Financial Summary Amounts in millions 1H 2021 Worldwide Results Highlights • The industry began ramping up in the first quarter and recovery progressed at a faster pace than initially expected 1H21 1H19 • With COVID more contained and given the wider array of commercial film content availabl
Slide 15: 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 16: 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 17: 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 • Face masks required for all employees and strongly encouraged for guests • Advanced 3-point air quality
Slide 18: 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. • 2Q21 box office of $1
Slide 19: Recovery Status
Recovery Status Pent-up demand for out-of-home entertainment has led to recent box office successes that set new COVID-era records Recovery Update Recovery Considerations • ~90% of North American industry screens operating with 100% of Cinemark screens re-opened • Able to operate in each of our 15 L
Slide 20: A Look Ahead
A Look Ahead 20
Slide 21: 2021 Notable Upcoming Film Titles
2021 Notable Upcoming Film Titles Q3 Disney Warner Bros. Disney Warner Bros. 20th Century Universal Disney Sony Q4 Sony United Artist Disney Sony Paramount Sony Warner Bros. Universal
Slide 22: 2022 Notable Film Titles
INE AR 2022 Notable Film Titles CENTURY Cinohvia ream Fame MARVEL STUDIOS BLACK PANTHER AN, . ILLUMINATION o2csexrs THE RISE OF GRU ‘ 4 JURASSIC WORLD MARVEL STUDIOS LANNE IRAINDER. 22
Slide 23: Appendix
Appendix 23
Slide 24: 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 25: 1H 2021 Non-GAAP Measure Reconciliations
1H 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 1H 2021 1H 2019 1H 2021 1H 2019 Net Loss ($351,124) $135,054 Cash flows used for operating activities ($21,417) 303,579
Slide 26: Thank You
Thank You Chanda Brashears SVP Investor Relations cbrashears@cinemark.com 972-665-1671 26