IMAX Experience
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IMAX China Holding (01970) Earnings Call Presentation
2025-07-02 09:08
Financial Performance & Growth - IMAX reported a 40% growth in global box office market share from 2018 through 1Q25[11] - The company's 1Q25 Total Adjusted EBITDA margin was 43%[11], exceeding the FY25 guidance of 40%+[96] - IMAX projects over $12 billion in IMAX Box Office revenue for 2025[36] - The company has repurchased 19% of shares outstanding since 2020[11, 124] Network Expansion & Backlog - IMAX's global network scale includes 1,738 systems[11] across 89 countries and territories[11, 38] - The company has a contracted IMAX system backlog of 516 systems[11, 42] - International markets (excluding China) have seen over 27% network growth since pre-pandemic (year-end 2019 to March 31, 2025)[14] Content & Strategy - IMAX is increasing its connection with studios and filmmakers, expecting a record 11 Filmed For IMAX (FFI) Hollywood titles in 2025[11] - The company expects over 60 local language titles in 2025, demonstrating a 27% CAGR from 2019-2024[86, 87] - IMAX is partnering with streaming platforms to eventize and launch content[75] Financial Position - As of March 31, 2025, IMAX has $4015 million in total liquidity[117] - The company's net debt to TTM Total Adjusted EBITDA is 128x[119]
IMAX(IMAX) - 2025 Q1 - Earnings Call Presentation
2025-04-23 23:25
Financial Performance & Guidance - IMAX reported Q1 2025 global box office (excluding China booking fee) of $281 million, and $298 million including it[97] - Q1 2025 total adjusted EBITDA margin was 42.7%[97] - The company's full-year 2025 guidance includes IMAX box office of $1.2 billion+, and 145-160 system installations[36] - IMAX has repurchased 19% of shares outstanding since 2020, amounting to $175 million[114, 124] Network Growth & Market Share - The IMAX network has a footprint of 1,738 systems[11] - The company has a contracted IMAX system backlog of 516 systems[11] - IMAX accounts for >50% of total global premium locations[38] - IMAX global box office market share has grown +40% since 2018 through Q1 2025[11, 13] Content & Strategy - There are a record 14+ Filmed For IMAX Hollywood titles expected in 2025[11, 13] - Q1 2025 IMAX Local Language box office is already 40% higher than FY 2024[83]