Q3 2023 Results - Cinemark
Highlights of Q3 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
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Box
Office
Domestic box office outperformed the North American industry results by approximately 500 bps comparing 3Q23 against
3Q19 with the largest share gain among the major U.S. exhibitors
International admissions also surpassed Latin American industry benchmarks by ~200 bps comparing 3Q23 against 3Q19
XD
Premium
Formats
D-BOX
MOVIE CLUB
CINEMARK
MOVIE REWARDS
Food &
Beverage
Loyalty
Profitability
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Box office generated from XD premium large format auditoriums increased more than 35% year-over-year
As a percentage of global box office, XD remains ~200 bps higher than 3Q19
Box office revenue generated by DBOX motion seats grew nearly 50% year-over-year
Generated a food & beverage per cap of $7.15 domestically, an increase of 5% compared with 3Q22; international per cap
increased 28% versus 3Q22 in constant currency
Continued to offset inflationary pressures through product alternatives, category management and strategic pricing actions
Movie Club exceeded 1.2 million members – an increase of 25% from 2019; represented 23% of 3Q23 box office
Grew consumer reach to 29 million global addressable customers
• Doubled worldwide Adj. EBITDA¹) year-over-year to $197M, setting a third-quarter record; generated a strong 22.5% Adj.
EBITDA margin, the highest third quarter margin since 2016
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Generated free cash flow of $50M and grew cash balance to $806M at the end of the quarter
1) See Appendix for reconciliation of Adjusted EBITDA to the most directly comparable GAAP measures
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