AMC Other Presentation Deck

Valuation Multiples To adjust for non-cash lease accounting changes, Adjusted EBITDA valuation multiples should re-rate upwards by 0.3x; Adjusted EBITDAR multiples remain consistent pre- and post-change TEV / LTM Adjusted EBITDA Current TEV & Multiple Calculation A = +0.3x 8.2x 7.9x amc A WANDA GROUP COMPANY 3-Year Average Prior (ASC 840) A = None 7.2x 7.2x 3-Year Average A = +0.3x 7.6x 7.3x Current New (ASC 842) A = None 6.8x 6.8x Adjusted EBITDA multiples should increase by 0.3x TEV / LTM Adjusted EBITDAR Current Illustrative Case Study: Under IFRS 16 (ASC 842 equivalent), our current EV / LTM Adj. EBITDA would be 7.1x (A = -0.2x) No change under Adjusted EBITDAR multiple approach EBITDAR provides a more consistent valuation pre- and post-change Note: Current as of 4/19/2019 and based on 2018A financials; 3-Year average based on average of valuation multiples at year-end 2016, 2017, and 2018; See the appendix, website, and Form 8-K for definitions and reconciliations of non- GAAP financial measures. Prior (ASC 840) New (ASC 842) Share Price (x) Fully Diluted Shares Equity Value (+) Net Debt TEV (Adj. EBITDA) (+) Operating Lease Liab. TEV (Adj. EBITDAR) 2018 Adj. EBITDA 2018 Adj. EBITDAR TEV / LTM Adj. EBITDA TEV / LTM Adj. EBITDAR Equity Value (+) Net Debt (Adj. for FLO) TEV (Adj. EBITDA) (+) Operating Lease Liab. (Adj. for FLO) TEV (Adj. EBITDAR) 2018 Adj. EBITDA (New) 2018 Adj. EBITDAR (New) TEV / LTM Adj. EBITDA TEV / LTM Adj. EBITDAR Current $16.05 105.8 $1,697.7 $5,114.7 $6,812.4 $4,930.7 $11,743.1 $929.2 $1,727.0 7.3x 6.8x $1,697.7 $4,687.4 $6,385.1 $5,358.0 $11,743.1 $835.9 $1,727.0 7.6x 6.8x

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