Management Presentation

Non-GAAP Financial Measures Management of Cineplex uses certain non-GAAP financial measures to evaluate performance. These measures are either comparable to similar measures presented by other issuers or are widely used in the theatre exhibition industry. For a detailed discussion of these non-GAAP financial measures, please refer to Cineplex's management's discussion and analysis filed on www.sedar.com. Non-GAAP financial measures used in investor presentations included the following: EBITDA Adjusted EBITDA Adjusted EBITDAAL Adjusted Free Cash Flow Theatre Attendance BPP BPP excluding premium priced product CPP Premium Priced Product EBITDA is calculated by adding back to net income, income tax expense, depreciation, amortization and interest expense net of interest income Adjusted EBITDA excludes the change in fair value of financial instrument, (gain) loss on disposal of assets, foreign exchange, impairment of long- lived assets, goodwill and investments, the equity loss (income) of CDCP, the non-controlling interests' share of adjusted EBITDA of TG-CPX Limited Partnership, and depreciation, amortization, interest and taxes of Cineplex's other joint ventures and associates. Adjusted EBITDAAL modifies adjusted EBITDA to deduct current cash rent paid or payable related to lease obligations net of quantified savings negotiated with landlords as a result of the COVID-19 closures, including savings negotiated after the period end. This includes agreements with landlords that are evidenced by way of written confirmation of the terms agreed upon to the date of approval of the MD&A, and are in the process of being formally documented. Adjusted free cash flow is calculated by adjusting cash provided by operating activities by total capital expenditures excluding growth capital expenditures net of proceeds on sale of assets, changes in operating assets and liabilities, changes in operating assets and liabilities of joint ventures, change in fair value of financial instruments, principal component of lease obligations, share of income of joint ventures net of non-cash depreciation, non-controlling interests share of adjusted EBITDA of TGLP, and net cash received from CDCP. Theatre attendance is calculated as the total number of paying guests that frequent Cineplex's theatres during the period. Calculated as total box office revenues divided by total paid theatre attendance for the period. Calculated as total box office revenues for the period, less box office revenues from 3D, UltraAVX, VIP, 4DX, ScreenX and IMAX product divided by total paid theatre attendance for the period less paid theatre attendance for 3D, UltraAVX, VIP, 4DX, ScreenX and IMAX product. Calculated as total theatre food service revenues divided by total paid theatre attendance for the period. Defined as 3D, 4DX, UltraAVX, IMAX, ScreenX and VIP film product. Cineplex Inc. Not to be distributed, reproduced or used without permission. 30

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