Q3 2023 Results - Cinemark

CINEMARK™ Reconciliation of Cash Flows Provided by Operating Activities to Free Cash Flow 1) 2022 Non-GAAP Measure Reconciliations Reconciliation of Net Income/(Loss) to Adjusted EBITDA 1) FY 2022 FY 2021 FY 2019 Net Income/(Loss) Add (deduct): Income taxes Interest expense ($268) ($422) $194 Cash flows provided by operating activities FY 2022 FY 2021 FY 2019 $136 $166 $562 Deduct: 3 (17) 80 Capital Expenditures 2) 155 150 100 Free Cash Flow 111 95 304 $25 $71 $258 Loss on extinguishment of debt 7 Other (income) expense, net 3) 24 44 (22) Cash distributions from other equity investees 4) 7 53 Depreciation and amortization 238 265 261 Impairment of long-lived assets and 174 21 57 investments (Gain)/Loss on disposal of assets and other (7) 8 12 Restructuring costs (0.5) (1) Non-cash rent expense (11) (3) (4) Total Revenues Share based awards compensation expense 22 29 15 Adjusted EBITDA Adjusted EBITDA $336 $80 $745 Adjusted EBITDA Margin Reconciliation of Adjusted EBITDA Margin 1) $2,455 FY 2022 FY 2021 $1,511 FY 2019 $3,283 337 80 745 13.7% 5.3% 22.7% 3) Includes interest income, foreign currency exchange gain (loss), interest expense - NCM and equity in income (loss) of affiliates and excludes distributions from NCM. 4) Reflects cash distributions received from equity investees that were recorded as a reduction of the respective investment balances. These distributions are reported entirely within the U.S. operating segment. 1) In millions 2) Includes amortization of debt issue costs. 22 22

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