AMC Other Presentation Deck

Summary Valuation Multiple Reconciliation (Post-ASC 842) amc A WANDA GROUP COMPANY Equity Value Year Ended: Share Price as of: Historical Net Debt FLO Adjustment (ASC 842 Adj.) Net Debt (Post-ASC 842) TEV (Adj. EBITDA) Operating Lease Liability TEV (Adj. EBITDAR) Historical Adj. EBITDA Rent Expense Adj. (ASC 842 Adj.) Adj. EBITDA (Post-ASC 842) Rent Expense (GAAP Rent with ASC 842 Adj.) Adj. EBITDAR (Post-ASC 842) TEV / LTM Adj. EBITDA TEV / LTM Adj. EBITDAR Post- ASC 842 PF 2016 12/30/2016 $3,725.8 $7,494.9 $5,746.6 $13,241.5 $4,302.7 $4,653.6 $5,114.7 (499.5) (427.3) (533.6) $3,769.1 $4,154.1 $4,687.4 $903.9 ($88.4) $815.5 $884.8 $1,700.3 2018A 2018A PF 2017 12/29/2017 12/31/2018 4/19/2019 9.2x 7.8x $1,944.9 $1,294.9 $6,099.0 $5,982.3 $5,746.6 $5,358.0 $11,845.6 $11,340.3 $843.6 $929.2 ($95.5) ($93.3) $748.1 $835.9 $895.8 $891.1 $1,643.9 $1,727.0 8.2x 7.2x 7.2x 6.6x $1,697.7 $5,114.7 (427.3) $4,687.4 $6,385.1 $5,358.0 $11,743.1 $929.2 ($93.3) $835.9 $891.1 $1,727.0 7.6x 6.8x 3-Year Average 8.2x 7.2x Note: 3-Year average based on average of valuation multiples at year-end 2016, 2017, and 2018 4/19/19 valuation wholly based on 2018A financials, except share price (as of 4/19/19) and outstanding shares (as of 3/13/19) For detailed definitions and reconciliations of all non-GAAP financial measures, see the investor relations section of our website at www.amctheatres.com and our Form 8-K furnished earlier today 15

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