Cinemark Investor Presentation

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February 16, 2024

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#1Investor Presentation February 16, 2024 CINEMARK VE ANT 0000 N E EMARK#2Forward Looking Statements CINEMARK™ 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 ("Risk Factors"). These Risk Factors include, but are not limited to, the impacts of the 2023 Writers Guild of America and SAG-AFTRA strikes on our business and the entertainment industry; our ongoing recovery from the COVID-19 pandemic; our dependance on film production and performance; the seasonality of our business; competition from our peers and from other forms of entertainment; labor shortages; 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 theaters. All forward-looking statements are expressly qualified in their entirety by these cautionary statements and 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. 2#3Cinemark Overview#4Cinemark Overview CINEMARK™ One of the largest and most influential theatrical exhibition companies in the world with 501 theaters with 5,719 screens in 14 countries 1) WASHINGTON • МОНТАНА MAINE NORTH DAKOTA MINNESOTA OREGON IDAHO SOUTH DAKOTA WYOMING VT WISCONSIN MASSACHUSETTS NEW YORK МІСНІБАН RHODE ISLAND HEVADA UTAH COLORADO KANSAS MISSOURI IOWWA NEBRASKA CONNECTICUT PENNSYLVANIA NEW JERSEY ILLINOIS DELAWARE MARYLAND VIRGINIA VIRGINIA KENTUCKY NORTH CAROLINA OKLAHOMA TENNESSEE ARIZONA ARKANSAS NEW MEXICO U.S. Operations 1) • 309 theaters / 4,324 screens CALIFORNIA • • 3rd largest exhibitor (based on screen count and market share) Located in 42 states, 104 DMAS • #1 or #2 in box office revenues in 21 of our top 25 markets ALASKA · . Highest attendance per screen among leading exhibitors Surpassed North American industry box office growth for 13 out of the past 15 years International Operations 1) • · . · 192 theaters / 1,395 screens 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 ~25-30% market share in key countries 1) As of 12/31/2023 SOUTH CAROLINA ALABAMA GEORGIA MISSISSIPPI FLORIDA GUATEMALA EL SALVADOR NICARAGUA GUYANA SURINAME VENEZUELA FRENCH GUIANA COSTA RICA PANAMA COLOMBIA PERU BOLIVIA PARAGUAY BRAZIL ARGENTINA URUGUAY CHILE 4#5Highly Experienced Executive Leadership Team CINEMARK™ 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. Valmir Fernandes President, International 25+ years of Cinemark experience including the past 15+ years as President of International following 10 years as the General Manager of Cinemark Brazil 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. 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 5#61980 $2.8B VCR Recession year COVID-19 pandemic VHS begins to ramp post beta-max 1985 Sources: North America ComScore; NATO 1.1B patrons Exhibition Industry Trends CINEMARK™ Stable, long-term industry growth trends across technology innovations and economic cycles with box office growth in 6 of the last 8 recessionary periods 1990 1995 Internet Internet begins to go mainstream North America Box Office Trends Recliners and DVD player drops to $100 (DVD heyday) Digital projector conversion enhanced food investments Mass OTT streaming adoption Financial Megaplex and stadium seating Exhibition bankruptcies/ consolidation crisis 2000 200 DVD 1.57B patrons 1.38B patrons 1.3B patrons 2005 2010 2010 2015 Streaming 2020 6 $7.5B Industry recovery $9.1B#7North American Industry Outperformance CINEMARK™ Cinemark's operational excellence and execution of strategic priorities has driven faster domestic box office recovery and market share gains FY23 Box Office Recovery 1) 79% Domestic Industry 86% Cinemark 1) North American industry FY23 vs FY19 per comScore based on gross box office 2) Market share data per ComScore based on gross box office Market Share 2) 13% 14% FY23 Market Share 2) 39% 24% 16% 7% 14% CINEMARK™ FY19 FY23 IAMC Regal Cinemark Cineplex Others 7#8Latin American Industry Outperformance CINEMARK™ Strong international presence throughout Latin America provides diversification, increased scale, cross-company synergies, and promotional opportunities with global partners Market Share 1) 2) 25% 23% FY19 FY23 FY23 Market Share - Key Latin American Markets 2) Brazil Argentina CINEMARK 23% 57% 12% 8% 38% CINEMARK 42% 10% 10% Cinemark Cinepolis Kinoplex Others Cinemark Cinemacenter Cinepolis Others Colombia Chile 3% CINEMARK 25% 19% 19% 37% CINEMARK™ 17% 39% 41% Cinemark CineColombia Royal Others Cinemark Cinepolis Cineplanet Others 1) All Latin American countries compiled based on FY23 vs. FY19 admissions; 2) Source: comScore 8#9Initiatives Driving Growth and Outperformance CINEMARK™ Continuing to benefit from sustained investments in guest experience; prioritizing investments in strategic initiatives that position Cinemark for ongoing success XD D-BOX ~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 Barco laser conversion; ~15% global circuit converted MOVIE CLUB MOVIE REWARDS Heightened focus on the guest experience with 95% guest satisfaction rating. ~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 1) As of 12/31/2023 9#10Financial Results#11Highlights of FY 2023 Results CINEMARK™ We continue to make significant progress recovering from the pandemic and have consistently demonstrated our ability to flex and adapt in a dynamic landscape Box • Domestic box office outperformed the North American industry results by 700 bps comparing FY23 against FY19 with the largest share gain among the major U.S. exhibitors (~100 bps) Office XD D-BOX Premium Formats • Food & Beverage MOVIE CLUB MOVIE REWARDS Loyalty International admissions also surpassed Latin American industry benchmarks by 600 bps comparing FY23 against FY19 Achieved all-time high XD box office with FY23 and exceeded FY19 box office by 13% • As a percentage of global box office, XD remains nearly 300 bps higher than FY19 Delivered record DBOX motion seat box office revenue and surpassed FY19 box office by 87% • Achieved all-time food & beverage revenue that exceeded FY19 by 3% . • Generated record food & beverage per cap of $7.45 domestically, an increase of 40% compared with FY19; international per cap increased 33% versus FY19 in USD Continued to offset inflationary pressures through product alternatives, category management and strategic pricing actions - an increase of 25% from 2019; represented 24% of FY23 box office Movie Club exceeded 1.2 million members O Global consumer reach of 22 million addressable customers $ Profitability Delivered $3B total revenue (within 7% of FY19 on 25% less attendance) • Delivered $594M AEBITDA with a 19.4% AEBITDA margin • Generated free cash flow of $295M and increased cash balance to $849M at the end of the year 11 1) See Appendix for reconciliation of Adjusted EBITDA to the most directly comparable GAAP measures#12FY23 Financial Summary CINEMARK™ FY23 Highlights • Worldwide attendance increased 22% year-over-year driven by a steady recovery of film volume and a diverse slate of high-quality films. Executed upon strategy to maximize attendance and box office and further monetize through ancillary revenue opportunities. О Average ticket price increased 5% in the U.S. and 28% internationally in constant currency Concession per cap increased 7% in the U.S. and 31% internationally in constant currency Grew Adj. EBITDA 77% to $594M and yielded a healthy Adj. EBITDA margin of 19.4% by maximizing box office opportunities and successfully executing strategic initiatives. • Further strengthened the balance sheet by generating $295M in free cash flow and ending the year with $849M of cash; reduced pandemic-related debt by over $100M during the year Worldwide Results 1) 2) FY23 FY22 • Variance Attendance 210 173 22% • Revenue $3.1B $2.5B 25% Adj. EBITDA $594 $336 77% Adj. EBITDA % 19.4% 13.7% 570 bps Operating Cash Flow $444 $136 227% • Capital Expenditures $149 $111 34% Free Cash Flow $295 $25 1069% • End Cash Balance $849 $675 26% 2) See Appendix reconciliation of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measures 1) in Millions 12 12#13Capital Structure and Allocation CINEMARK™ Our balance sheet remains a strategic asset and key differentiator, providing ample flexibility (in $ millions) Long-term debt 1) Cash balance Net Debt TTM Adj. EBITDA Net Debt/ Adj. EBITDA . • As of Dec. 31, 2023 $2,432 $849 • $1,583 $594 2.7x • • • • Covenant-lite debt Company has a history of proactively managing debt with nearest maturity in 2025 Redeemed $100M of 8.75% Senior Secured Notes due May 2025 • Successfully refinanced credit facility, securing $650M term loan maturing in 2030 and upsizing revolver to $125M maturing in 2028 Repaid all remaining deferred lease obligations incurred over the course of the pandemic Continued to invest in high-confidence ROI initiatives with $149M of CapEx deployed during 2023 Focus on sustaining net leverage ratio of 2.0 - 3.0x, dependent upon timing and extent of box office recovery, as well as strategic investment opportunities 1) 223 The company has an undrawn revolver of $125M; Gross long-term debt excluding capital lease obligations Historic net leverage ratio ~2.0-2.5x Over 90% of debt at fixed rate 13#14A Look Ahead#152024 Notable Titles Quarter 1 MA PLASTICE FOREVER BOB MARLEY ONE LOVE DISCOVER THE LEGEND KUNG FU PANDR 4 VAN GOSLING EMILY BLUNT FALL Quarter 2 FURIOSA DESPICABLE ME 4 Quarter 3 INSIDE OUT 2 Jan. 12 (PAR) Feb. 14 (PAR) March 8 (UNI) May 3 (UNI) May 24 (WB) June 14 (DIS) July 3 (UNI) July 26 (DIS) DAKOTA JOHNSON MADAME WER Feb. 14 (SNY) JUNE GHOSTBUSTERS FROZEN EMPIRE KINGDOM. PLANET APES March 1 (WB) March 22 (SNY) May 10 (20TH) HE GETS BIGGER QUIET PLACE DAY ONE GARFIELD MOVIE May 24 (SNY) June 28 (PAR) WINONA RYDER PHOENIX GAGA JOKER BEETLE JUICE Sept. 6 (WB) Oct. 4 (WB) CINEMARK™ Quarter 4 WICKED LINTUD BROKY OF THE WITCHES YO Dany MUFASA THE LION KING Nov. 27 (UNI) Dec. 20 (DIS) TWISTERS TRANSFORMERS BORDERLANDS ON July 19 (UNI) Aug. 9 (LGF) Sept. 16 (PAR) VENOM 3 Nov. 8 (SNY) MOANA 2 Nov. 27 (DIS) SONIC3 Dec. 20 (PAR) 15#162025 Compelling Film Slate Strong film slate with broad consumer appeal already announced for 2025 MARVEL STUDIOS MOANA B BLA 11 CINEMARK™ JAMES CAMERON'S AVATAR 3 MEGAN MINECRAFT MARVEL STUDIOS BLACK PHONE nickelodeon movies THE SMURFS BATMAN THE RISE OF PURPLE SMURFS THE PONGEBOB SEARCH FOR SQUAREPANTS PART II MISSION-IMPOSSIBLE DEAD RECKONING PART TWO DC THE EXORCIST ELIEVER IN CINEMAS FRIDAY 13 OCTOBER MARVEL STUDIES CAPTAIN AMERICA NEW WORLD ORDER EXPERIENCE IT INIMAX REALD 30 DOLBY ONEMA Σ WICKED PART TWO PUNDERBOLTS DISNEY SNOWWHITE 16#17Value of an Exclusive Theatrical Window A theatrical release enhances a film's promotional impact and overall asset value CINEMARK™ Increases consumer awareness, interest and recognition Elevates perception of films by eventizing them Creates stronger emotional connections with characters/stories $ Provides incremental monetization channel expanding revenue Satisfies consumer/ creative desires to see films on big screen Produces bigger brands, franchises and cultural moments Generates stronger results in downstream channels Delays sizable jump in piracy upon in-home availability 17#18Strategic Priorities for Long-Term Operating Success CINEMARK™ Cinemark maintains an advantaged position to capitalize on the ongoing recovery of theatrical exhibition through varied experiential consumer-based, revenue-generating, and productivity initiatives Create an exceptional guest experience through premium amenities and offerings that cannot be replicated at home, as well as an ongoing focus on top-notch customer service Maximize attendance and box office through pricing strategies, sophisticated showtime planning, and pursuit of alternative content that appeals to a broader consumer base Utilize advanced digital and social marketing capabilities to build audiences, increase moviegoing frequency, and strengthen loyalty to Cinemark Grow food and beverage consumption through expanded offerings and enhancements that simplify the ease of purchase, including the online food and beverage ordering platform Simplify and streamline theater practices through technology, workforce management, and enhanced inventory procedures Utilize enhanced data management, analytics, and process enhancements to drive margin expansion through company-wide Continuous Improvement programs Pursue disciplined strategic investments in long-term growth while re-fortifying balance sheet 18#19Appendix#20Key Financial Metrics Annual Worldwide Results 1) 2) CINEMARK™ . Highlights Significant progress year-over-year in each of the key performance metrics, recovering toward 2019-levels Delivered total revenue within 7% of 2019 with strong execution of revenue-generating initiatives Generated $594M of Adj. EBITDA, within 80% of 2019 on 25% less attendance, resulting in a healthy Adj. EBITDA margin of 19.4% Delivered Free Cash Flow of $295M and ended the year with $849M cash balance despite repaying $100M of pandemic-related debt • 2023 2022 2019 Attendance 210 173 280 . Revenue $3,067 $2,455 $3,283 Adj. EBITDA $594 $336 $745 Adj. EBITDA % • 19.4% 13.7% 22.7% Free Cash Flow $295 $25 $258 End Cash Balance $849 $675 $488 2) See Appendix reconciliation of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measures 1) in Millions 20 20#21FY 2023 Non-GAAP Measure Reconciliations Reconciliation of Net Income/(Loss) to Reconciliation of Cash Flows CINEMARK™ Adjusted EBITDA 1) 2023 2022 2019 Net Income/(Loss) $191 $(268) $194 Cash flows provided by (used for) operating activities Provided by Operating Activities to Free Cash Flow 1) 2023 2022 2019 $444 $136 $562 Add (deduct): Deduct: Income taxes 30 3 80 Capital Expenditures Interest expense 2) 3) 150 155 100 Other (income) expense, net 4) (20) 24 (22) Free Cash Flow 149 111 304 $295 $25 $258 Cash distributions from equity investees 5) 6 7 53 Depreciation and amortization 210 238 261 Impairment of long-lived and other assets 17 174 57 (Gain)/Loss on disposal of assets and other (8) (7) 12 Loss on extinguishment and refinancing Non-cash rent expense 11 2023 2022 2019 (18) (11) Total Revenues 1) $3,067 $2,455 $3,283 Share based awards compensation expense 25 22 15 6) Adjusted EBITDA 1) 594 337 745 Adjusted EBITDA $594 $336 $745 Adjusted EBITDA Margin 19.4% 13.7% 22.7% 223756 1) In millions 2) 3) Includes amortization of debt issue costs, amortization of original issue discount and amortization of accumulated (gains) losses for amended swap agreements. Amounts for 2019 were impacted by the adoption of ASC Topic 842 and the resulting change in the classification of certain of the Company's leases. 4) 5) Includes interest income, foreign currency exchange and other related gain (loss), interest expense - NCM and equity in income (loss) of affiliates and unrealized gain on investment in NCM. Includes cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. These distributions are reported entirely within the U.S. operating segment. 6) Non-cash expense included in general and administrative expenses. 21 21#22Thank You Chanda Brashears SVP Investor Relations [email protected] 972-665-1671 CINEMARK ΤΜ N M A CANENTARK R K

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