Cinemark : Investor Presentation - Q3 2023

Investor Presentation

November 3, 2023

Forward Looking Statements

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS PURSUANT TO THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

This presentation contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The "forward looking statements" can be identified by words such as "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our future revenues, expenses and profitability, the future development and expected growth of our business, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors, and alternative forms of entertainment.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans, and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risk, and changes in circumstances that are difficult to predict and many of which are outside our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Although it is not possible to predict or identify all uncertainties and risks, we encourage investors to read the risk factors we described in our most recent annual and periodic reports filed with the Securities and Exchange Commission.

These risk factors include, but are not limited to, the impacts of the COVID-19 pandemic on our business and the entertainment industry; ; our dependance on film production and performance; the seasonality of our business; our substantial long-term lease and debt obligations; our reliance on film distribution companies and the potential for alternate film distribution channels; regulation related to data protection, data security and privacy laws; economic instability and currency exchange risks related to our foreign operations; and the effects of general political, social, health and economic conditions on attendance at our theatres.

All forward-looking statements are expressly qualified in their entirety by these cautionary statements and such risk factors. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Except as otherwise specified or indicated by the context references in this presentation to "we," "us," "our," "Cinemark" or the "Company" are to the combined business of Cinemark Holdings, Inc. and its consolidated subsidiaries.

NON-GAAP FINANCIAL MEASURES:

GAAP refers to the U.S. generally accepted accounting principles. We include certain non-GAAP financial measures in this presentation, including Free Cash Flow, Adjusted EBITDA and other financial measures utilizing Adjusted EBITDA. These non-GAAP financial measures may not be comparable to those of other companies and may not be comparable to similar measures used in our various filings. Please see the Appendix for definitions of our non-GAAP financial measures and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.

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Cinemark Overview

Cinemark Overview

One of the largest and most influential theatrical exhibition companies in the world with 507 theaters with 5,765 screens in 14 countries 1)

U.S. Operations 1)

• 3rd largest exhibitor (based on screen count and market share)
• Located in 42 states, 104 DMAs
• #1 or #2 in box office revenues in 80% of our top 25 markets 2)
• Highest attendance per screen among leading exhibitors
• Surpassed North American industry box office growth for 9 out of the past 10 years 2)

International Operations 1)

• First modern theatre experience throughout Latin America
• Highly seasoned team with 30 years of operating experience
• Located in 13 countries
• Presence in 15 of top 20 metropolitan cities in the region 2)
• ~25-30%market share in key countries

1)	4
As of 9/30/2023
2)	As of 12/31/2022

Highly Experienced Executive Leadership Team

Highly experienced management team with significant industry experience and proven track records; Additional key leaders with 20+ years of industry/Cinemark experience in the US and internationally

Sean Gamble

President & CEO

15+ years of industry experience. Joined Cinemark as CFO in 2014, promoted to COO in 2018 and CEO in 2022. Spent 5+ years as CFO/EVP of Universal Pictures within NBCUniversal prior to Cinemark.

Melissa Thomas

CFO

Joined as Cinemark's CFO in 2021. Prior to Cinemark, served multiple leadership roles with Groupon, including CFO, CAO & Treasurer, and VP Commercial Finance.

Valmir Fernandes

President, International

20+ years of Cinemark experience including the past

10+ years as President of International following 10 years as the General Manager of Cinemark Brazil

Mike Cavalier

EVP General Counsel & Business Affairs

Served as General Counsel since 1997. Helped guide company through various transactions including M&A, IPO and numerous lending agreements

Phillip Couch

EVP - Food &

Beverage

Wanda Gierhart

EVP - Chief Marketing

& Content Officer

Jay Jostrand

EVP - Real Estate &

Construction

Sid Srivastava

EVP - Human

Resources, DEI/CSR

Damian Wardle

EVP - Theater &

Technical Operations

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Exhibition Industry Trends

Stable, long-term industry growth trends across technology innovations and economic cycles with box office growth in 6 of the last 8 recessionary periods

North America Box Office Trends

									Recliners and
									enhanced food
						Digital projector conversion
		DVD player				investments
Recession year		drops to $100
	(DVD heyday)					Mass OTT streaming adoption

	COVID-19 pandemic			Megaplex and	Exhibition	Financial
				crisis		$11.4B
				bankruptcies/
				stadium seating
				consolidation
				Internet begins				Industry
				to go mainstream				recovery
	VHS begins to ramp							$7.5B
	post beta-max
					1.57B patrons
						1.38B patrons	1.3B patrons
$2.8B
	1.1B patrons
1980	1985	1990	1995	2000	2005	2010	2015	2020
	VCR			Internet	DVD		Streaming
								6

Sources: North America ComScore; NATO

North American Industry Outperformance

Cinemark's operational excellence and execution of strategic priorities has driven faster domestic box office recovery and market share gains

TTM 3Q23 Box Office Recovery 1)

	85%
79%
Domestic Industry	Cinemark

Market Share 2)	TTM 3Q23 Market Share2)
	14%
				23%
		40%
13%
				16%
		7%	14%
TTM 3Q19	TTM 3Q23	AMC Regal Cinemark	Cineplex Others

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1. North American industry TTM 3Q23 vs TTM 3Q19 per comScore based on gross box office
2. Market share data per ComScore based on gross box office

Latin American Industry Outperformance

Strong international presence throughout Latin America provides diversification, increased scale, cross-company synergies, and promotional opportunities with global partners

Market Share 1) 2)		TTM 3Q23 Market Share - Key Latin American Markets 2)
	25%		Brazil			Argentina
				23%				38%
			57%	12%			42%
23%				8%			10% 10%
		Cinemark	Cinepolis	Kinoplex	Others	Cinemark	Cinemacenter Cinepolis	Others
			Colombia			Chile
							3%
			25%	19%			19%	37%
			17%	39%			41%
TTM 3Q19	TTM 3Q23

1) All Latin American countries compiled based on TTM 3Q23 vs. TTM 3Q19 admissions;	Cinemark	CineColombia	Royal	Others		Cinemark	Cinepolis	Cineplanet	Others
								8

1. Source: comScore

Initiatives Driving Growth and Outperformance

Continuing to benefit from sustained investments in guest experience; prioritizing investments in strategic initiatives that position Cinemark for ongoing success

~70% U.S. recliner penetration - highest among major circuits 1)

#1 private-label premium large format in the world with nearly 300 auditoriums across US and LatAm

325+ auditoriums feature D-BOX motion seats that are synchronized with the on-screen action

Industry-leading technology and technological capabilities; first exhibitor to initiate Cinionic laser conversion

Heightened focus on the guest experience with guest service scores that consistently exceed 90%

~80% of U.S. circuit features expanded food & beverage offerings, ~60% with alcohol

Industry-leading subscription programs; ongoing evolution of loyalty programs

Sophisticated omni-channel marketing platform with significantly enhanced digital and social capabilities

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1) As of 9/30/2023

Financial Results