Q3 2023 Results - Cinemark
2022 Financial Summary
Annual Worldwide Results 1) 2)
2022
2021
2019
CINEMARK™
•
•
2022 Highlights
Worldwide total revenue grew 63% year-over-year, demonstrating
another positive step in the industry's recovery, as well as sustained
consumer enthusiasm for theatrical moviegoing
Delivered 75% of FY19 total revenue with only 62% of the attendance,
underscoring our ability to flex and adapt in a dynamic environment
Generated $336M of Adj. EBITDA, resulting in a healthy Adj. EBITDA
margin of 13.7%
Delivered positive Free Cash Flow of $25M despite a reduction in
working capital and settling substantially all pandemic-related deferred
rent
• Maintained a healthy cash balance as the business recovers while
continuing to prudently invest in ROI generating opportunities to position
the company for long-term success
Attendance
173
106
280
Revenue
$2,455 $1,511
$3,283
Adj. EBITDA
$336
$80
$745
Adj. EBITDA %
13.7%
5.3%
22.7%
Free Cash Flow
$25
$71 3)
$258
End Cash Balance
$675
$707
$488
•
1) in Millions
2) See Appendix reconciliation of Adjusted EBITDA and Free Cash Flow to the most directly comparable GAAP measures
3) Includes $137M of CARES Act-related tax refunds
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