AMC Mergers and Acquisitions Presentation Deck
Key Takeaways
✓ AMC's "best and final" offer represents a highly attractive premium for
Carmike shareholders with further upside from equity participation
✓ Revised offer is responsive to feedback from Carmike shareholders and
the proxy advisory firms (ISS and Glass Lewis)
✓ Transaction remains an attractive opportunity for AMC's shareholders
✓ Improves AMC's position to the #1 US theatre operator
✓ Enhanced opportunities for AMC's strategic growth initiatives
✓ Expect approximately $35 million annual run-rate synergies
✓ Minimal overlap between AMC's large urban areas and Carmike's midsize
non-urban areas
amc
Receive additional founder shares in National CineMedia, LLC to become
largest founding shareholder subject to taxes and make-whole payments (1)
Expects to maintain quarterly dividend
Note: Because the exchange ratio is fixed and the market value of AMC stock will fluctuate, the actual value of the merger consideration will fluctuate.
(1) Founder shares received are subject to federal, state and other taxes. Additionally, AMC is required to provide "make-whole" payment to NCMI for the remaining life of the Carmike Screenvision
contract.
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