Investor Presentaiton
Theatre Business
$ in Millions
Gross Margin (%)
Others
Theatre system maintenance
Revenue sharing arrangements - upfront fees
Sales & Sales-type lease arrangements
63.5%
$69.6
58.8%
+2.1%
$71.0
$19.2
+11.3%
$21.4
$6.6
+8.4%
$7.2
$42.5
-2.1%
$41.5
FY2018
FY2019
Source: Company data
Note: Incremental to the IMAX theatre network, but full revenue for system was not received
IMAX®
Full-Year 2019 Financial Results
Theatre revenue of $71 million, up 2% YoY
11% growth in maintenance revenue on the back of network
expansion
2 incremental hybrid installations
Stable full sales installations but lower sales revenue due to: 1) 1
higher-revenue but lower-margin IMAX GT Laser system installed
in FY2018; 2) 1 sales installation using re-deployed system in
FY2019*
Excluding the GT Laser and re-deployed system, average revenue
per system increased to $1.4 million in FY2019 up from $1.3
million in FY2018 due to 8 additional IMAX with Laser systems
installed
Theatre gross margin of 59%
Increased equipment costs related to 15 IMAX with Laser sales
installations; Higher recurring economics of Laser systems in
terms of box office take-rate and maintenance fees over the
contract term
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