#1IMAX IMAX China Full-year 2019 Financial Results February 20, 2020 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 2019 Financial Results IMAX® is a registered trademark of IMAX Corporation. 2#3Strong Performance in FY19 Across KPIs Box office Theatre USD366mn box office +14% YoY Mainland China (RMB) +8.7% YoY Greater China (1) (USD) Revenue USD124mn revenue مدا +5.8% YoY +10% YoY in Mainland China (RMB) Source: Company data Note 1: Greater China includes Hong Kong and Taiwan region IMAX® Full-Year 2019 Financial Results لثا Profitability 717 network +12% YoY with stable same-store sales in Mainland China (RMB) USD45mn adjusted net profit 36% adjusted net margin 55% adjusted EBITDA margin. 3#4Favorable Structural Tailwind Total box office of top-10 grossing movies 45% (in RMB millions) 40% 36% 35% 31% 31% 31% 28,605 24,845 20,592 15,585 14,335 9,089 6,711 2013 2014 2015 2016 2017 2018 2019 Source: TOP Consulting Contribution of top 10 movies to total industry grossing 3 movies achieved RMB4bn+ grossing in 2019 Local content gravitating towards IMAX genres IMAX MAX TWE 流浪 球 THE WANDERING 2019. EARTH WMAXIDER KAFL..... 2019.07.26 不信 所谓命中注定 IMAX 3D The Wandering Earth (Feb 2019) Highest-grossing local title in IMAX history Third highest-grossing title in China's film history Ne Zha (July 2019) Second highest-grossing local title in IMAX history Second highest-grossing title in China's film history (H) (2) 345 1 MAX The Rescue (2020) Exhibited in IMAX special aspect ratio Industry tailwind of "Blockbusterization" and "IMAX-able" genres plays into our favor IMAX® Full-Year 2019 Financial Results IMAX 唐人街探案 2020 大半年 Detective Chinatown 3 (2020) Filmed with IMAX Cameras Presents up to 26% more pictures 4#5Consistently High Hit-Rate in Programming Top 10 films, 2019 IMAX = 9 out of 10 Top 10 films, 2018 IMAX = 9 out of 10 Top 10 films, 2017 IMAX = 8 out of 10 MAX IMAX FLVED WITH IMAX CANERAS 信 Ph 谓 KAFE... 2019.07.26 3D 18 IMAX AT THE 流浪 THE WANDERING EARTH 2019.大年初 MAXID IMAX MAYESS AVENDERS INDINITY WAR IMAX IMAX 3D HEN IMAX ENCORE A HET &1 行 IMAXES IMAX ІМДХА TMAXX 速度g 激情8 IMAX SO S MAXIMA IMAX IMAX 宋阳 张吃鱼 #8 艾伦 马丽 沈腾 田雨 薛皓文 土风 羞羞的铁拳 NEVER SAY DIE 心麻花 第三部电影 〖蒕濬特烦恼》原薗演员 我歌唱每一座高- ·陈明歌黄建新 全中国关注的史诗级备降!世界民航史的奇迹! IMAX 大年初- 我和我的祖国 : IMAX 2019/9/30 总:陈凯歌 钠片入黄建新 总做好张一白 09/30 Wili THE CAPTAIN 广中国机长 * YEX IMAX MAX THIN WTH: 8/ MAX 2019.02.01 MAX All Overv AA 西市首富 HELLO MR. BILLIONAIRE 2018.7.27 WATANZA плах мен IMAX® 2019 韩寒專業 大年初一 (主演:沈腾 08/01 烈火无情 英雄无畏 飞驰人生 IMAX 刘伟强 (回) al 烈火英雄 BRAVEST IMAX S.O IMAX MERIA IMA 2 多达26% 面面内容尽在 IMAX® IMAX 3D*** IMAX 海生 12月7日 松七延 IMAX IMAX IMAX 每次 IMAX IMAX IMAX 17.194 PWDX EURAMEN IMAX - 速度可 ***19 特别行动 8月23日 所 #IMAX3D速度与歌情;特别行动# 爆笑激燃尽在 IMAX IMAX UNGFU 拔2 YOGA CUIN F IMAX IMAX IMAX MAMAX IMAX Our local language programming and multi-film strategy drives a consistently high hit-rate IMAX® Full-Year 2019 Financial Results 5#6Strong IMAX DNA in 2020 Film Slate Hollywood (1) Local language NO TIME TO DIE 0077 APRIL 2020 Polls MGM No Time to Die (Apr 2020) Filmed with IMAX Cameras Wonder Woman 1984 (Jun 2020) Filmed with IMAX Cameras TOM CRUISE TOP GUNE "MAVERICK JUNE 2020 Top Gun: Maverick (Jun 2020) Filmed with IMAX Cameras A FILM BY CHRISTOPHER NOLAN Tenet (July 2020) Filmed with IMAX Cameras 偵探排行榜 IMAX ww84 BY - 陈思诚 导演作品 唐人街探案 2020大年初 JUNE 5, 2020 http://CRI Detective Chinatown 3 (2020) Filmed with IMAX Cameras Presents up to 26% more pictures 《红海行动》《湄公河行动》金牌制作班底最新力作 IMAX 2020 X100 THE RESCUE # F# E At Least Five "Filmed-in-IMAX" Titles in 2020 TENL The Rescue (2020) Exhibited in IMAX special aspect ratio Note 1: Titles have been confirmed to be released in North America according to the abovementioned schedule. Release schedule in China to be determined. IMAX® Full-Year 2019 Financial Results TIME RUNS OUT 17.7.20 COME CHRISTOPHER NOLAN 60#7Key Milestone in Network and Partnership Expansion Full revenue sharing Hybrid revenue sharing Sales arrangement Number of IMAX theatres 544 639 Greater China backlog mix¹ 717 357 316 424 260 58 307 195 253 124 234 131 08 106 94 80 173 128 102 66 46 75 71 51 25 204 229 254 163 74 88 107 130 2012 2013 2014 2015 2016 2017 2018 2019 ■Sales arrangement (2) Hybrid revenue sharing Full revenue sharing Note 1: As of Dec 31, 2019 Note 2: Includes 1 IMAX with Laser upgrade Source: Company Data IMAX® Robust backlog and accelerating signings provides good visibility to our installation pipeline Full-Year 2019 Financial Results 7#8Consistent Market Share Gain IMAX China Screen Count Share Source: Company Data 1% IMAX China Box Office Market Share 2.0% 1.8% 1.6% IMAX China screen penetration IMAX® Full-Year 2019 Financial Results 5.8% 7.3% 6.8% 3.5% 4.0% 3.7% H 2017 2018 2019 2017 2018 2019 2017 2018 Local Hollywood Overall IMAX represents 4% of box office share despite 1% screen presence 2019 8#9Network Update 101 4 Installations 95 (1) 12 Upgrades Full Revenue Sharing Hybrid Revenue Sharing Sales/Sales Type Lease 56 40 40 14 16 Revenue Sharing Arrangements 60 20 20 Signings 64 43 10 30 27 27 Sales / Sales Type Lease Arrangements 20 FY2018 FY2019 Source: Company Data Note 1: We installed 83 new IMAX theatre systems plus 12 IMAX with Laser upgrades (1 sales and sales- type lease upgrade and 11 revenue sharing upgrades) in FY2019. FY2018 FY2019 Robust signing and installation momentum; expect higher contribution from tier-1 city installation in 2020 IMAX® Full-Year 2019 Financial Results Upgrades Full Revenue Sharing Hybrid Revenue Sharing Sales/Sales Type Lease 9#10Network Business $ in Millions Gross Margin (%) Revenue sharing arrangements - contingent rent Take-rate¹ Film Revenue 65.0% $47.7 65.6% +11.0% $52.9 $24.8 $21.6 +14.7% +7.9% $26.1 $28.1 FY2018 14.2% FY2019 14.5% Note 1:Take-rate defined as network revenue dividend by total IMAX box office Source: Company data IMAX® Full-Year 2019 Financial Results Network revenue of $53 million, up 11% YoY • Greater China box office of $366 million, up 8.7% YoY, or up 14% YoY in mainland China in local currency • 30 Hollywood and 14 local titles are programmed in mainland China in FY19 • Improving box office take-rate to 14.5%, +30bps, with local language contributing 31% of IMAX box office Network gross margin of 66% • Benefitting from inherent operating leverage 10#11Theatre Business $ in Millions Gross Margin (%) Others Theatre system maintenance Revenue sharing arrangements - upfront fees Sales & Sales-type lease arrangements 63.5% $69.6 58.8% +2.1% $71.0 $19.2 +11.3% $21.4 $6.6 +8.4% $7.2 $42.5 -2.1% $41.5 FY2018 FY2019 Source: Company data Note: Incremental to the IMAX theatre network, but full revenue for system was not received IMAX® Full-Year 2019 Financial Results Theatre revenue of $71 million, up 2% YoY 11% growth in maintenance revenue on the back of network expansion 2 incremental hybrid installations Stable full sales installations but lower sales revenue due to: 1) 1 higher-revenue but lower-margin IMAX GT Laser system installed in FY2018; 2) 1 sales installation using re-deployed system in FY2019* Excluding the GT Laser and re-deployed system, average revenue per system increased to $1.4 million in FY2019 up from $1.3 million in FY2018 due to 8 additional IMAX with Laser systems installed Theatre gross margin of 59% Increased equipment costs related to 15 IMAX with Laser sales installations; Higher recurring economics of Laser systems in terms of box office take-rate and maintenance fees over the contract term 11#12Revenue Structure Installation-driven Maintenance and others Box office-driven 41.7% 49.8% 39.2% 18.2% 17.7% 13.3% 61% 40.6% 42.6% 36.9% FY2017 FY2018 FY2019 Source: Company data IMAX® Full-Year 2019 Financial Results Rising contribution from recurring revenue • Recurring revenue, predominantly box office and maintenance-based, contributed 61% of total revenue in FY19, up from 58% in FY18 Enhances business visibility and speaks to an increasingly well-balanced revenue structure 12#13FY2019 Financial Summary $ in Millions, Except EPS Datal Revenue +5.8% Operating Expenses¹ 17.9% 55.3% 17.2% +1.5% Adjusted EBITDA $117.5 $124.3 $21.0 $21.3 $65.0 $6.7 $7.0 $71.0 $69.6 +2.1% $14.3 $14.3 +11.0% $52.9 $47.7 FY2018 FY2019 FY2018 FY2019 New business & others As % of total revenue Theatre business Other operating expenses Network business Selling, general and administrative expense +5.9% Adjusted Net Income 55.4% 37.7% 35.9% +0.6% $68.8 $44.3 $44.6 FY2018 FY2019 FY2018 FY2019 Adj. EBITDA margin Adj. net income margin Note: Operating expenses defined as selling, general and administrative expenses and others, less stock-based compensation Source: Company data IMAX® Full-Year 2019 Financial Results 13#14Shareholder Return $ in Millions Adjusted earnings payout ratio (%) Dividends paid Share buyback 33% 33% $33.3 $27.6 $14.1 $21.5 $6.1 $19.2 FY2018 FY2019 Source: Company data IMAX® Full-Year 2019 Financial Results Propose a final dividend payment of $0.02 per share, or HKDO.156 per share, representing a stable earnings payout ratio of 33% • Total dividend paid to shareholders of $14 million in 2019 • Including share buyback, we returned a total of $33 million to shareholders 14#15IMAX Investor Presentation IMAX® is a registered trademark of IMAX Corporation.