AMC Investor Day Presentation Deck

7 Capex Expected to Fall to Normalized State Over Time AMC is currently in an elevated capital deployment state as company invests against high ROI opportunities; capex expected to fall to normalized level as highest ROI projects are executed Historical Gross Capex By Geography (¹) $634M Gross Capex By Maintenance vs. Growth (1) $634M amc $519M (82%) $589M $115M (18%) 2017 $133M $460M (78%) Portfolio optimization & thoughtful capital reallocation: AMC elected to sell approx. $500M of non-core assets in 2017 and 2018 and re-invest proceeds into high ROI projects (2) $129M (22%) Growth 2018 $128M Maintenance Target LT Normalized Net Capex of $250-300M ~$300-350M $150M (1) Excludes change in construction payables (2) Asset sales include $178 million of sale leaseback proceeds $150M -$50M Next 3-5 Yrs ~$50M $534M (84%) $100M (16%) 2017 $589M $416M (71%) $173M (29%) Domestic International 2018 Growth capex is offset by landlord contributions Over the next 3-5 years, net capex is expected to step down to a normalized level of $250-300 million Capex-lite partnership model for Saudi Arabia buildout (AMC contributes ~$1M capex per theatre) 60

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