Cinemark Holdings (CNK) Investor Presentation - Slideshow

Company Overview - Cinemark operates 534 theatres with 5,977 screens across 16 countries as of June 30, 2020[6, 7] - The company holds approximately 30% market share in key Latin American countries[7] - In 2019, Cinemark served approximately 280 million patrons globally[18] Financial Performance (Pre-COVID-19) - In 2019, Cinemark achieved record revenue of $3283 million and Adjusted EBITDA of $745 million, representing a 22.7% margin[19] - The company's free cash flow in 2019 was $258 million[19] - Cinemark exceeded North America industry box office growth by 200 bps in 2019[18] Impact of COVID-19 (1H 2020) - The COVID-19 pandemic significantly impacted the first half of 2020, resulting in a net loss of $(230) million[21] - Attendance decreased from 143 million in 1H 2019 to 46 million in 1H 2020[22] - Revenue decreased from $1673 million in 1H 2019 to $553 million in 1H 2020[22] - Adjusted EBITDA decreased from $397 million in 1H 2019 to $(51) million in 1H 2020[22] Liquidity and Cost Management - Cinemark reduced full-year CapEx to approximately $100 million, compared to a $300 million budget[21] - The company delayed $42 million of 2Q20 rent expense to future periods[21, 25] - Cinemark estimates monthly cash burn to be approximately $50 million[21, 25] - The company's cash balance as of July 31 was approximately $525 million[23]