#1IMAX IMAX China Full-Year 2021 Financial Results Feb 23, 2022 Tramp THE CLEAREST IMAGES ON THE LARGEST SCREENS IMAX FILMS TO THE FULLEST IMAX Corp.#2Disclaimer This document is not intended to form or provide any basis of any decision in connection with IMAX China Holding, Inc. (the "Company") or any other entity in which it directly or indirectly holds any interest (together with the Company, hereinafter referred to as the "Group"). It does not constitute an offer or an invitation to sell, or an offer or any solicitation of any offer to subscribe for or purchase, any securities in any jurisdiction including but not limited to a jurisdiction in which the making of such offer, invitation, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction or would not otherwise be in compliance with the laws and regulations of such jurisdiction. 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IMAX Full-Year 2021 Financial Results IMAX® is a registered trademark of IMAX Corporation. 2#3IMAX China is Uniquely Positioned to Benefit in the Post-Pandemic Theatrical Space IMAX® Full-Year 2021 Financial Results TECHNOLOGY 'Filmed in IMAX' Empowers Blockbuster Filmmaking BRAND UNIQUE PREMIUM POSITIONING Content Creation Content Exhibition Content Consumption IMAX EXPERIENCE More Premium Audiences Translate into Higher IMAX Indexing NETWORK Premium Brand Synonymous with Blockbusters Premium Locations In Well-located Retail Assets 3#4Strong Full-Year Results Underscore Growing Demand for IMAX Benefits from strong secular tailwinds ...drive improving metrics across-the-board Strong Financials Turnaround Revenue of US$113 million and adjusted earnings of US$ 42 million recovered to levels nearly in line with 2019 Blockbusterization in Content Consumption Accelerating IMAX Technology Adoption Local Content Gravitating Towards High-Production Value and IMAX-friendly Genres Market Share Gain in Local Language Strengthening Hollywood Footprint • • Record-high local language box office of US$150 million Record-high Chinese New Year opening weekend and National Day Holiday box office Deepening IMAX DNA involvement with two out of the top three highest-grossing titles in 2021 being Filmed in IMAX Growing local language indexing to c.5% (1) Average Hollywood opening weekend indexing accelerated to over 13% (1) Strong 2022 blockbuster pipeline empowered with IMAX DNA Continued Network Expansion Growing network to 783 theaters and 215 in backlog Sales and maintenance revenue surpassed that of 2019 (1): Average opening weekend indexing Demonstrated demand for the IMAX Experience from consumers, studios and exhibitors drives strong business turnaround IMAX® Full-Year 2021 Financial Results 4#5Strengthening Local Language Footprint on Rising Production Value and IMAX- friendly Genres IMAX China National Day Holiday Box Office 35 27 23 58 40 103 128 168 (1) (2) 2014 2015 2016 2017 2018 2019 2020 2021 National Holiday Box Office (in RMB mn) (1):2020 National Day Holiday box office includes Oct 1 to Oct 8 (2):2021 National Day Holiday box office includes Sept 30 to Oct 7 Source: Company data, all box office include service fees IMAX China Box Office Market Share and Indexing (3) in Local Language Titles 4.7% 1.9% 1.7% 2017 Market Share 3.6% 3.2% 2018 2.5% 2.1% 2019 4.6% (3) 2021 Average Opening Weekend Indexing = (3): Indexing IMAX China's box office of a single title/ total box office of a single title (4): As of Dec 31, 2021 Source: Company data Record National Holiday box office and share gain in local language content IMAX Full-Year 2021 Financial Results 5#6'Blockbusterization' in Content Consumption Drives Higher Indexing and Market Share for IMAX China IMAX China Box Office Market Share and Indexing (1) in Hollywood Titles Average IMAX Opening Weekend Indexing of Major Hollywood Tentpoles 13.7% IMAXT特制」拍摄 IMAX 部分场景由IMAX 胶片摄影机拍摄 THE OUTE 007 ELLOT 瑞安·雷诺兹朱迪科生血特干什变换國卡尔乔·基座 塔伊加维迪视 5.7% 8.8% 2017 6.6% Market Share 10.0% 2018 7.2% 10.7% 8.6% 2019 (2) 2021 Average Opening Weekend Indexing = (1): Indexing IMAX China's box office of a single title/ total box office of a single title (2): As of Dec 31, 2021 Source: Company data IMAX 丘 10月22日 无惧未来 IMAX IMAX 3D asun ~10月29日 5 生死终局 亲眼揭秘: IMAX IMAX 3D MGM 「人生活烦 不必只做个背景角色 失控玩家 INNEN ER GENTS ON LEVE MONEY WHER 即将全球献映 Dune (24% indexing) No Time to Die (15% indexing) Free Guy (13% indexing) IMAX VS. GODZILLA KONG IN THEATRES MARCH 31 EXPERIENCE IT IN IMAX IMA 速度」 激情 5月21日 波火重燃 | IMAX3D速度与五個9 Godzilla vs. Kong (12% indexing) Fast and Furious 9 (9% indexing) 【鐵達尼號】導演 革新影史鉅作 AVATAR 阿凡達 Avatar re-release (31% indexing) IMAX China's average indexing and market share in Hollywood titles accelerated to over 13% and 8% respectively IMAX® Full-Year 2021 Financial Results 6#7Strong Pipeline of Tentpole Releases in 2022 D WARNER BROS. PICTURES D SONY PICTURES A TimeWarner Company Unchartered China: 14 March 2022 MARVEL STUDIOS UNIVERSAL The Batman China: 18 March 2022 Doctor Strange In The Multiverse of Madness May 2022 Jurassic World 3: Dominion June 2022 MARVEL STUDIOS MARVEL STUDIOS 20 CENTURY STUDIOS Thor: Love and Thunder July 2022 Black Panther 2: Wakanda Forever Avatar 2 Dec 2022 Nov 2022 0 TM Heavy involvement of IMAX DNA bodes well for greater box office share Note: Titles have been confirmed to be released in North America but such release schedule might be postponed due to the coronavirus pandemic. Release schedule in China to be determined except Uncharterd and The Batman. IMAX® = indicates IMAX DNA with expanded aspect ratio or filmed with IMAX certified cameras Full-Year 2021 Financial Results 7#8IMAX Technology Empowers Blockbuster Filmmaking IMAX China Local Language Box Office 150 82 67 70 101 115 66 ithl 2015 2016 2017 2018 2019 2020 2021 IMAX Local Language Box Office (in USD mn) Source: Company data Note: Mainland China only, excluding Hong Kong and Taiwan IMAX 享受更多专属画面内容 IMAX 长津湖 THE RATTLE ALLAKE CHANGIN 9月30日 BPWXCOM 偵探 排排行游 IMAX 陈思诚 导演作品 東京レジャーランド秋田 唐人街探案 2020 大年初 WAS PETIRT SIMANGE http://CRI The Battle at Lake Changjin (Oct 2021) IMAX expanded aspect ratio Highest-grossing title in China film history Detective Chinatown 3 (Feb 2021) Filmed with IMAX cameras Best 3-day opening weekend of all time Value of IMAX brand and technology gains widening recognition among local filmmakers IMAX Full-Year 2021 Financial Results 8#9Promising Pipeline of Potential Local Language Titles 兰晓龙 BANK VARE 张和平 MAR 王树增 Not Ava MUTA BERT 施南生 梁风英 1 吴京 易烊千玺 朱亚文 李晨 胡军 段突家 韩东君 SKENAT Watergate Bridge 于冬 黄建新 防歌 徐克 林 2 BONA ERENK Kemb Mctar RARVER ATAU 14 191 HUANG BO Mozart From Space (2) Wandering Earth 2 陈思诚 导演作品 CHENSICHENG DIRECTOR 外太空的莫扎特 MOZART FROM SPACE 2021 LA RANG WUNZA PICTURES Z 荣梓杉 RONG ZISHAN SMILLO 6 60 CACTEMAN OoTubn IPOLLAGE COT THE HEISH EMCTEMAIL SISTE Austurfus HUVASTI PÄIKESESÜSTEEMSURYANKOKUNTA LAM SOLAR SYSTEM RINYNAS SUSTEN ATRE TE PERGALA RONKA DA RANA VRSTI PÄIKESESÜSTEEM Sancho NOODERE SISTEM SOLAR SOLAR SYST BILIA SOPARSE ZEUNAJ UKŁAD SŁONECZNY FUSON MARRIED LONECZNY SIGNEMA SOLAT XAYR QUYOSH TIZIMI ISTOCKER PANT MARWEL ZONNESTELSEL LOUD EMA E-TORM HILICHOL SODIO SISTEMA SOLARE अलवादी सौर पंत्रणा MSOLE SOLARE PERGALA BOXAYR QUYOSH TIZIMI AUF WIEDERSEHEN SONNENSYSTEM saraf qUIR GOODBYE SOLAR SYSTEM A ONAEHANA LA LA ADEUS SISTEMA SOLAR OLVIDA GUNOS SISTEMS שמשה תכרעמל פאו | UM SOLKERFI GRIANCHADIÓS SISTEMA SOLAR ST STE SUTO DORUN КРАЕВДОЪ БО СИСТЕМАИ ОФТОБИ ПРОЩАЙ СОЛНЕЧНАЯ СИСТЕМА ลาก่อนระบบสุริยะ SISTEMCU PAMITAN TATA SURYA DDED فراطن يس مش عادول ا و CONTACT PAALAM SOLAR SYSTEM HYVASTI AURINKOKUNTA IB BARKA DA RANA Code LA REVEDERE SISTEM SOLAR FOLKERFL | ԱՅԼՆ: ADEEY QORAXDA ՄԱԿԱՐԴ KA O DI USORO MBARA IGWE 60лHы13 KARWEL ZONNESTELSEL HECEM SURYA PAMIT KAKUHLE INKQUBO YESOLA AU RESOTIS ДО ПОБАЧЕННЯ СОНЯЧНА СИСТЕМА NA SISTEM SOLE RABAHOHHA COHENHAR FECHERGALA ROJE USALE KAHLE UHLELO LWELANGA کاس فرش و موطب طفران - SOLSYSTEMET VELOMA NY MASOANDRO שמשה תכרעמל הוארתהל. 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Multiple blockbuster caliber potential local language titles IMAX® Full-Year 2021 Financial Results 9#10Chinese Film Makers Embrace IMAX Technology IMAX CAMERA CREW 经典造就经典 当 007遇见 IMAX 胶片摄影机 IMAX IMAX TS SLUT IMAX CAMERA CREW 经典造就经典 当:007遇见 IMAX 胶片摄影机 IMAX ******AME * C***** 无限 FILUT IMAX 825 LARE LOWERD EXKE AWAR IMAX Director Lu Yang (A Writer's Odyssey) and Director of Cinematography Cao Yu (The Eight Hundred) at IMAX No Time To Die screening We expect more and more directors and producers to embrace the IMAX technology to differentiate their films IMAX Full-Year 2021 Financial Results 10#11Exhibitor Partners Continue to See the Value of IMAX to Their Business Backlog IMAX Greater China Theater Footprint Full revenue sharing Hybrid revenue sharing Sales arrangement 215 392 111 280 As of December 31, 2021 Note 1: As of December 31, 2021 Source: Company Data IMAX zones: approximately 1,400 1 Greater China Backlog Mix² 100 215 44 71 ■ Full Revenue Sharing ■ Sale Arrangement ■ Hybrid Revenue Sharing Note 2: As of Dec 31, 2021 Source: Company Data Including backlog, Greater China contracted network approaching a 1,000-theater milestone for the first time IMAX Full-Year 2021 Financial Results 11#12Favorable Policy Support No. of Cinema Screens per 100,000 Population Highlights from the 14th Five-Year Development Plan Published by China Film Bureau 12.4 82 76 12.1 70 60 8.7 51 39 39 39 41 40 40. - 40 41 40 40 32 5.8 24 18 2.5 1.3 2013 2014 2015 2016 2017 2018 2019 2020 2021 No. of screens - China (in 000) ― No. of screens per 100,000 population - China No. of screens per 100,000 urban population - China No. of screens - US (in 000) - No. of screens per 100,000 population - US Target at least 100,000 screens by 2025 Maintain at least 55% industry box office contribution from local language movies - leaving room for Hollywood and other international releases creation quality and Improve local language content creation technology adoption Support local sci-fi and animation movie production Support cinema technology upgrades for better movie-going experience Support overseas distribution of Chinese movies Urbanization, rising purchasing power and supply of quality content should continue to drive screen growth IMAX® Full-Year 2021 Financial Results 12#13IMAX China's Premium Network is Well-insulated From Any Potential Industry Consolidation Box Office Market Share of IMAX's Top Five Exhibitor Partners IMAX China FY21 GBO by Multiplex Cohort 22.0% 21.8% 21.5% 2017 2018 Source: TOP Consulting 2019 23.3% 23.0% 2020 Box office market share of IMAX top 5 exhibitors IMAX® Full-Year 2021 Financial Results 2021 6% 3% 9% 20% 63% 95% of IMAX China box office was generated from top 20% multiplexes Top 5% Top 6-10% Top 11-15% Top 16-20% Below top 20% 13#14Strong 2H2021 provides momentum into 2022 $ in Millions $65.0 2H Revenue $45.7 2H Gross Margin 2H Adjusted Net Income 2H Adjusted EBITDA 59.1% 30.3% 34.3% 54.7% $59.4 51.2% $35.6 23.9% $35.1 $19.7 $20.3 $30.8 $23.4 $10.9 $21.2 1.6x $33.0 2H2019 2H2020 2H2021 2H2019 2H2020 2H2021 2H2019 2H2020 2H2021 2H2019 2H2020 2H2021 Gross Margin -% of Revenue INet Income -% of Revenue Source: Company Data Compared to 2H2019: growth of Net Income and Adjusted EBITDA in 2H2021; growth of Gross Margin and Net Income Margin in 2H2021 IMAX® Full-Year 2021 Financial Results 14#15Strong Financials Turnaround FY21 total revenue of US$112.8 million, up from US$52.3 million in FY20 Technology network revenue of US$39.4 million, up from US$15.3 million in FY20 driven by box office recovery to US$239.5 million and higher take-rate of 16.4% on higher local language contribution Technology sales and maintenance revenue of US$73 million, up from US$36.8 million in FY20, and 2.8% higher than that of FY19 driven by pick-up in installations and higher mix of Laser installs FY21 adjusted net profit (1) of US$ 42 million, vs. net loss (1) of US$4.6 million in FY20 • Returned a total of US$27 million capital to shareholders in 2021 including US$17 million in dividends on a higher payout ratio of 50%, and US$10 million in share buybacks Strong balance sheet with US$97.7 million in cash as of Dec 31, 2021, up from US$88.4 million in YE20 Growing indexing and pick-up in installs drives strong revenue and earnings rebound to levels largely in-line with FY19 Note 1: Adjusted net profit excludes share-based compensation and deferred income tax charge that is non-cash and non-recurring in nature IMAX® Full-Year 2021 Financial Results 15#162021 Segment Details: Technology Network IMAX Technology Network Revenue sharing arrangements - contingent rent Film Revenue $ in Millions 2.6x $39.4 2.3x $17.6 Network revenue of $39.4 million, up from $15.2 million in 2020 Greater China box office of $239 million, up from $99 million in prior year period • Improving box office take-rate to 16.4%, +110bps, with local language contributing 63% of IMAX box office Network gross margin of 57%, vs. 0.6% in 2020 • Benefitting from inherent operating leverage Higher take rate also attributed to a higher box office in local language films $15.2 2.8x $7.5 $21.8 . $7.7 2020 Take-rate¹ 15.3% 2021 16.4% Note 1:Take-rate defined as network revenue dividend by total IMAX box office Source: Company data IMAX® Full-Year 2021 Financial Results 16#172021 Segment Details: Technology Sales & Maintenance IMAX Technology Sales & Maintenance Others Theatre system maintenance Revenue sharing arrangements - upfront fees Sales & Sales-type lease arrangements $ in Millions 2.0x $73.0 $0.9 1.8x $25.6 $36.9 2.3x $5.2 $0.5 $11.2 4.0x 51.3 $41.4 $24.0 1.7x 2020 IMAX® Full-Year 2021 Financial Results 2021 Sales & maintenance revenue of $73.0 million, up from $36.9 million in 2020 57 installations including 5 Laser upgrade, vs. 3 upgrades in the prior year period 20 sales, 9 hybrid and 15 full revenue share within new installs • Improvement in maintenance revenue as theatres picking up operation Sales & maintenance gross margin of 63%, up from 52% in 2020 • Total 20 new sales installations and 4 sales upgrade, vs. 15 new sales installs and 2 sales upgrades in prior year period 17#18Network Update 251 can § Backlog 215 JV upgrade Sales upgrade Full Revenue Sharing Hybrid Revenue Sharing Sales/Sales Type Lease 42 42 82 36 Revenue Sharing Arrangements 114 100 82 2020 Source: Company Data 69 2021 IMAX® Full-Year 2021 Financial Results Sales and STL Hybrid JV Signings and Installations 2021 Total Signings Total Installations 9 20 0 9 9 15 Upgrades 2 5 Relocation 0 8 Renewal Sales/Sales Type Lease Arrangements Total 5 25 57 18#192021 Financial Summary $ in Millions $52.3 Revenue $112.8 Operating Expenses¹ Adjusted EBITDA Adjusted Net Income $25.8 $73.0 $15.1 $10.9 $6.1 $3.9 $36.9 $39.4 $13.0 $11.0 $7.8 $15.2 2020 2021 2020 New Business Initiatives & Others ($4.0) 2021 Provisions on receivables net of recoveries IMAX Technology Sales & Maintenance IMAX Technology Network. and other assets Other operating expenses Selling, general and administrative expense $66.8 2020 2021 ($4.6) 2020 Note 1: Operating expenses defined as selling, general and administrative expenses and others, less stock-based compensation Source: Company data IMAX® Full-Year 2021 Financial Results $41.7 2021 19#20Shareholder Return Dividend earnings payout % Dividend amount declared Dividend trend $ in Millions 50% 33% 33% 33% $17.0 $14.4 $14.3 $14.0 $14.0 FY18 FY19 FY20 FY21 FY17 Source: Company data IMAX® Full-Year 2021 Financial Results Committed to increase shareholder return with a strong balance sheet, sustainable cash flow and earnings growth Increased dividend payout ratio from 33% to 50% for FY22 Returned a total of US$27 million capital to shareholders in 2021 including US$17 million in dividends and US$10 million in share buybacks 20 20#21IMAX Full-Year 2021 Financial Results Y IMAX® is a registered trademark of IMAX Corporation.