AMC Other Presentation Deck

ASC 842 Adjustments: Balance Sheet Operating leases are capitalized on the balance sheet; while net debt is reduced, leverage ratio remains approximately unchanged Assets Liabilities amc A WANDA GROUP COMPANY Line Item ROU Operating Lease Assets Operating Lease Liabilities. Lease Obligations (Legacy FLO) Net Debt Net Debt Adjusted EBITDA Leverage Ratio 2018A PF Impact ($M) 5.5x $4,832.0 $5,358.0 Memo: Leverage Ratio Adj. PF 2018A 2018A $5,114.7 ($427.3) $4,687.4 $929.2 ($93.3) $835.9 ($427.3) ($427.3) 5.6x Commentary Operating leases are capitalized on the balance. sheet, resulting in the creation of right-of-use (ROU) assets and operating lease liabilities ■ ■ ■ - ROU operating lease assets are reported net of deferred rent, landlord allowances, and any related purchase accounting adjustments Reclassification of legacy FLOS to operating leases reduces outstanding FLOs and net debt Leverage ratio remains approximately unchanged after the adoption of ASC 842 Rating agencies typically capitalize all leases in their evaluation of credit profiles expected change to AMC's credit rating following the lease accounting change Note: Positive value reflects increase in line item and vice versa. See the appendix, website, and Form 8-K for definitions and reconciliations of non-GAAP financial measures. co

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