Cinemark Investor Presentation slide image

Cinemark Investor Presentation

Capital Structure and Allocation CINEMARK™ Our balance sheet remains a strategic asset and key differentiator, providing ample flexibility (in $ millions) Long-term debt 1) Cash balance Net Debt TTM Adj. EBITDA Net Debt/ Adj. EBITDA . • As of Dec. 31, 2023 $2,432 $849 • $1,583 $594 2.7x • • • • Covenant-lite debt Company has a history of proactively managing debt with nearest maturity in 2025 Redeemed $100M of 8.75% Senior Secured Notes due May 2025 • Successfully refinanced credit facility, securing $650M term loan maturing in 2030 and upsizing revolver to $125M maturing in 2028 Repaid all remaining deferred lease obligations incurred over the course of the pandemic Continued to invest in high-confidence ROI initiatives with $149M of CapEx deployed during 2023 Focus on sustaining net leverage ratio of 2.0 - 3.0x, dependent upon timing and extent of box office recovery, as well as strategic investment opportunities 1) 223 The company has an undrawn revolver of $125M; Gross long-term debt excluding capital lease obligations Historic net leverage ratio ~2.0-2.5x Over 90% of debt at fixed rate 13
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