AMC Other Presentation Deck

ASC 842 Adjustments: Income Statement Reclassification of legacy financing lease obligations to operating leases shifts interest expense and principal payments to rent expense, thereby reducing Adjusted EBITDA amc A WANDA GROUP COMPANY Line Item Revenue Rent Expense Adjusted EBITDA D&A Interest Expense Non-Cash Rent Expense - Purchase Accounting Net Income 2018A PF Impact ($M) $93.3 ($93.3) ($105.7) ($29.5) $38.5 $3.4 Commentary ■ ■ No revenue impact Reclassification of legacy financing leases (FLOS (¹)) to operating leases shifts interest expense and principal payments to rent expense, thereby reducing Adjusted EBITDA FLO building assets are written off to retained earnings and replaced with an operating right-of-use asset, eliminating previous depreciation expense → this drives the preponderance of the D&A impact Non-cash rent expense is the amortization of purchase accounting rent adjustments that have no effect on Adjusted EBITDA 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. (1) FLOS were largely assumed as part of AMC's acquisition of Odeon and Carmike whose build-to-suit lease arrangements requiring deemed accounting ownership resulted in failed sale leaseback transactions CO

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