AMC Other Presentation Deck

Executive Summary (Cont'd) Importantly, this accounting change will have a non-operational impact on several of our key investor metrics. For example, assuming implementation of ASC 842 in 2018: amc Net Debt: $427.3M decrease → legacy financing lease obligations (FLOs) reclassified as operating lease liabilities A WANDA GROUP COMPANY Adjusted EBITDA: $93.3M decrease → principal payments and interest expense from legacy FLOs reclassified as rent expense Adjusted Free Cash Flow: $57.6M decrease → legacy FLO principal payments in cash flow used in financing activities reclassified and captured in cash flow used in operating activities Net Change in Cash: $0 ➜no impact This change will cause a shift in our Adjusted EBITDA valuation multiple (re-rate), despite no change to the underlying business or total cash flows: EV / LTM Adjusted EBITDAR A = +0.3x 7.9x EV / LTM Adjusted EBITDA 8.2x 3-Year Average A = +0.3x 7.6x 7.3x Current Illustrative Case Study: Under IFRS 16 (ASC 842 equivalent), our current EV / LTM Adj. EBITDA would be 7.1x (A = -0.2x) A = None 7.2x 7.2x 3-Year Average Prior (ASC 840) New (ASC 842) Note: Current as of 4/19/19 and wholly based on 2018A financials, except share price (as of 4/19/19) and outstanding shares (as of 3/13/19) 3-Year average based on average of valuation multiples at year-end 2016, 2017, and 2018 (see appendix, website, and 8-K for definitions and reconciliations) A = None 6.8x 6.8x Current 4

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