Piper Jaffray Non-Deal Roadshow New York, New York June 25, 2015
Disclaimer The following information contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to vary, which are discussed in our public releases, including our most recent 10-K. We caution you not to put undue reliance on forward-looking statements. The future results of the Company may vary from the results and performance expressed in, or implied by, the following forward-looking statements, possibly to a material degree. For discussion of some of the important factors that could cause the Company s results and performance to differ from those expressed in, or implied by, the following forward-looking statements, please refer to our most recent 10-K, in particular the Risk Factors section thereof. The Company undertakes no obligation to update or revise any forward-looking statements. June 2015 2
> is the guest experience leader Market > Share LTM Box Office Rank 1 New York 44% #1 2 Los Angeles 27% #1 3 Chicago 42% #1 4 Philadelphia 29% #2 5 Dallas 29% #2 Total 35% #1 Nearly 200 million guests 347 Theatres 40% of U.S. population within 10 miles 4,972 Screens Source: National Association of Theatre Owners, Rentrak and Nielsen Claritas - LTM March 31, 2015 > operates 6 of the top 10 grossing theaters in the country 1 $2.7 billion in revenue 1 $478 million in adj. EBITDA 1 June 2015 (1) LTM March 31, 2015 3
Industry is large and stable Positive long term trend Value leader vs other out-of-home entertainment options Source: Rentrak, National Association of Theatre Owners. June 2015 Note: North America box office figures represent the U.S. and Canada. 4
2015 Industry Box Office off to strong start Q1 2015 Industry Box Office (in billions) + 3.2% Q2 2015 Industry Box Office (1) (in billions) + 8.9% $2.398 $2.475 $2.545 $2.771 2014 2015 2014 2015 Q1 2015 Industry IMAX Box Office (in millions) Q2 2015 Industry IMAX Box Office (1) (in millions) + 20% + 42% $126.1 $52.1 $62.3 $88.6 2014 2015 2014 2015 Source: Rentrak - Note: North America box office figures represent the U.S. and Canada. June 2015 (1) Quarter-to-date through June 22nd 5
with even more to come in the balance of the year 2015 Includes some of highest grossing franchises of all time! Minions Previous films average $310M Mission Impossible: Rogue Nation Previous films average $185M Spectre Previous films average $213M (latest $310M) The Hunger Games: Mockingjay Part 2 Previous films average $416M Star Wars Episode VII- The Force Awakens Previous films average $371M ($760M+ inflation adjusted) June 2015 Source: Rentrak 6
Size and maturity create opportunity for change Past was about Quantity 50,000 45,000 40,000 35,000 30,000 25,000 20,000 Industry Productivity Trend Industry Screen Count CAGR = 2.1% Attendance/Screen CAGR = -1.5% Our future is about Quality Source: Motion Picture Association of America, National Association of Theatre Owners. Note: North America attendance figures represent the U.S. and Canada. Guest-focused innovations Improve productivity of existing assets Maximize revenue per guest visit Drive shareholder value June 2015 7
Guest Experience Leader Strategy Comfort & Convenience Recliner seating Open source internet ticketing Reserved seating Targeted Programming Latino & African American Bollywood AMCi Open Road Films Fathom Enhanced Food & Beverage Food and Beverage Kiosks Marketplace MacGuffins Bar & Lounges Dine-in Theatres Premium Sight & Sound Digital IMAX 3D AMC Prime Guest Engagement AMC Stubs amctheatres.com Mobile apps Social media June 2015 8
Comfort & Convenience enhancing existing assets 700 Screens +75% Attendance 1 +97% Total Revenue 1 Best movie seats in the world! Most comfortable movie seats in the world - once you've experienced these seats - it's hard to go back to normal movie theatre seats. We're spoiled and I like it. Trip Advisor +10% Avg. Ticket Price 1 June 2015 9 (1) First 32 locations converted prior to April 1, 2014, excludes screens acquired.
Enhanced F&B drives the productivity of each guest visit F&B Kiosks Avg. F&B / head +$0.04 Expanded SKU range Impulse-buy focused Marketplace Avg. F&B / head +$0.18 Next-gen post-pay format Made-to-order drinks and made-to-order foods Includes Coke Freestyle MacGuffins Avg. F&B / head +$0.37 Full alcohol menu Low investment, high cashon cash returns 139 deployed 20 to 25 over remainder of 2015 20 deployed 6 to 8 over remainder of 2015 96 deployed 15 to 20 over remainder of 2015 June 2015 Note: Specific case studies are not necessarily indicative of overall results. 10
> Dine-In Theatres redefine Dinner and a Movie 17 Dine-In Theatres +73% Total Revenue vs pre-dit 1 +174% F&B per patron 1 Love Love Love! I get to lounge in leather recliners, be waited on (quickly) hand and foot, 21+ age limit which means no crazy kids, and ALCOHOL! Movies+Vodka? I think I'll be going to the movies much more often now! - Yelp +4.0% Attendance 1 June 2015 (1) Eleven locations open prior to April 1, 2013. 11
Enhanced F&B results point to strong 2015 performance Improvement Driven by Initiatives AMC vs. Peers F&B Rev/Patron Enhanced F&B Initiatives $0.22 $0.21 Pricing, mix, improvements $4.48 AMC Record Industry Leader F&B Revenue and GP Per Patron Q1 2015 +10.6% $4.05 $4.48 +10.0% $3.49 $3.84 2014 2015 $4.48 F&B Per Patron Q1 2015 $3.92 $3.85 F&B Rev/patron F&B GP /patron AMC Regal Cinemark Source: Public filings. Cinemark US only June 2015 12
Enhanced F&B monetizes attendance LTM 2015 F&B Revenues 1 LTM 2015 F&B Gross Profit Margin 1 $816.5 million 85.9% F&B Revenues as % of Total Revenues 2 + 200 bps 29.6% 27.6% F&B Take Rate as % of Total Attendance 2 2011 2014 +350 bps 64.3% 67.8% Incremental 6.6 million F&B consumers 2011 2014 (1) LTM as of March 31, 2015 June 2015 (2) 52 weeks ended December 29, 2011, and twelve months ended December 31, 2014 13
Guest Engagement & Loyalty sustains relevance 2.4 million paid members 4.6million downloads Winner Int l Academy of Web TV : Best Live Series Most Socially Engaged Exhibitor June 2015 14
Premium Sight & Sound still mission critical > is the WORLD s largest IMAX exhibitor with 150 screens 45% U.S. market share 49% of > screens 3D, PLF & IMAX $4.55 average price premium 1 New in 2015 (1) - YTD as of March 31, 2015 June 2015 15
Targeted Programming broadens appeal Films Revenues (in millions) 2014 462 $84 Films Market Share Revenues (in millions) 2014 105 58% $12.8 June 2015 16
Focusing on the Guest Experience works > is the industry LEADER LTM gross/scrn change vs. April '11 baseline diff bps 20-mi proximal competitors AMC 18% 17% 16% 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% -1% -2% -3% 4/7/11 7/7/11 10/7/11 1/7/12 4/7/12 7/7/12 10/7/12 1/7/13 4/7/13 7/7/13 10/7/13 1/7/14 4/7/14 7/7/14 10/7/14 1/7/15 835 635 435 235 35 (165) Source: Rentrak June 2015 17
and will transform our circuit over the next several years Big, Stable Core Circuit Emerging Growth Circuit Recliner Re-seats Dine-In Theatres Current Screens (1) 3,987 700 285 % of Circuit 80% 14% 6% 5-Yr. Target Screens 2,909 1,845 453 % of Circuit 56% 35% 9% Contribution to Targeted Annual ~1%-2% ~9%-10% ~6%-7% Revenue Growth Recliner Re-Seats 14% Current Screens (1) Dine-In Theatres 6% Target Screens Dine-In Theatres 9% Core 80% Recliner Re-Seats 35% Core 56% June 2015 (1) As of March 31, 2015 18
> strategy is compelling Guest Experience Leader A-Site real estate locations provide competitive advantage Productivity important to strategic partners > s assets outperform the industry! Total Revenue / Patron (1) F&B / Patron (1) ATP (1) GP / Patron (1), (2) $14.59 $13.66 $11.37 $4.48 $3.92 $3.85 $9.35 $8.97 $8.97 $8.52 $6.86 $7.14 Source: Public filings Cinemark US only. June 2015 (1) YTD as of March 31, 2015. (2) Defined as revenues less film exhibition costs and food & beverage costs divided by attendance. 19
.and > s results set us apart AMC Investing More Investment & Adj. EBITDA Growth C'2011- March, 2015 (in millions) at Higher Return Rates Adj. EBITDA Growth % of Investment $787 $644 $672 21% 14% $166 $30 $96 5% Net Investment(1) Adj. EBITDA Growth and Superior Flow Through Adj. EBITDA Margin YOY Change LTM March 2015 (in basis points) 440 - (10) June 2015 Source: Public filings, US theatre level only, excludes G&A and international for Cinemark (1) Net Investment = capex + acquisition costs (net of NCM stock)_- asset sales proceeds 20
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