Cinemark Investor Presentation
FY23 Financial Summary
CINEMARK™
FY23 Highlights
• Worldwide attendance increased 22% year-over-year driven
by a steady recovery of film volume and a diverse slate of
high-quality films.
Executed upon strategy to maximize attendance and box office and further
monetize through ancillary revenue opportunities.
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Average ticket price increased 5% in the U.S.
and 28% internationally in constant currency
Concession per cap increased 7% in the U.S.
and 31% internationally in constant currency
Grew Adj. EBITDA 77% to $594M and yielded a healthy Adj. EBITDA
margin of 19.4% by maximizing box office opportunities and successfully
executing strategic initiatives.
• Further strengthened the balance sheet by generating $295M
in free cash flow and ending the year with $849M of cash; reduced
pandemic-related debt by over $100M during the year
Worldwide Results 1) 2)
FY23
FY22
•
Variance
Attendance
210
173
22%
•
Revenue
$3.1B $2.5B
25%
Adj. EBITDA
$594 $336
77%
Adj. EBITDA %
19.4% 13.7%
570 bps
Operating Cash Flow
$444
$136
227%
•
Capital Expenditures
$149
$111
34%
Free Cash Flow
$295
$25
1069%
•
End Cash Balance
$849
$675
26%
2) See Appendix reconciliation of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measures
1) in Millions
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