Cinemark (CNK) 8-K Cinemark Holdings, Inc. Reports Q2 2010 Adjusted Ebitda of $125.1 Million on Revenues of $539.4 Million

Exhibit 99.1

CINEMARK HOLDINGS, INC. REPORTS Q2 2010 ADJUSTED EBITDA OF $125.1 MILLION ON REVENUES
OF $539.4 MILLION

Plano, TX, August 5, 2010 — Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today reported results for the three and six months ended June 30, 2010.

Cinemark Holdings, Inc.’s revenues for the three months ended June 30, 2010 increased 4.2% to $539.4 million from $517.5 million for the three months ended June 30, 2009. For the three months ended June 30, 2010, admissions revenues increased 4.1% to $353.1 million and concession revenues increased 4.0% to $165.2 million. The increases were primarily related to a 5.8% increase in average ticket price and a 5.4% increase in concession revenues per patron, partially offset by a 1.5% decline in attendance.

Adjusted EBITDA for the three months ended June 30, 2010 increased 3.6% to $125.1 million from $120.8 million for the three months ended June 30, 2009. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the three months ended June 30, 2010 increased 112.3% to $39.7 million compared to $18.7 million for the three months ended June 30, 2009. Net income for the three months ended June 30, 2009 included a loss on early retirement of debt of approximately $26.8 million, before income taxes.

“We again achieved strong, industry-leading results. This is the seventh straight quarter that our domestic box office performance has exceeded industry performance. In addition, our international circuit continued to be an important factor in driving our worldwide revenue and Adjusted EBITDA growth,” stated Cinemark Chief Executive Officer Alan Stock. “The Company’s digital cinema rollout is well underway with Barco projectors and Real D 3D systems being installed to expand our 3D footprint. In response to increasing customer demand and an expanding 3D slate, we now expect to install 3D systems in approximately 40-50% of our worldwide screens. Once this installation process is completed we will begin converting all of our remaining screens to digital. We are excited by the performance of Cinemark’s XD Extreme Digital Cinema auditoriums, and are actively expanding that footprint both domestically and internationally.”

Cinemark Holdings, Inc.’s revenues for the six months ended June 30, 2010 increased 11.9% to $1,056.0 million from $943.3 million for the six months ended June 30, 2009. During the six months ended June 30, 2010, admissions revenues increased 12.5% to $696.1 million and concession revenues increased 10.2% to $318.3 million. The increases were primarily related to a 3.0% increase in attendance, a 9.1% increase in average ticket price and a 6.8% increase in concession revenues per patron.

Adjusted EBITDA for the six months ended June 30, 2010 increased 12.8% to $246.9 million from $218.8 million for the six months ended June 30, 2009. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the six months ended June 30, 2010 increased 106.6% to $74.8 million compared to $36.2 million for the six months ended June 30, 2009. Net income for the six months ended June 30, 2009 included a loss on early retirement of debt of approximately $26.8 million, before income taxes.

On June 30, 2010, the Company’s aggregate screen count was 4,907. As of June 30, 2010, the Company had signed commitments to open 10 new theatres with 97 screens by the end of 2010 and open 12 new theatres with 126 screens subsequent to 2010.

Conference Call/Webcast — Today at 8:30 AM ET

Telephone:via 800/374-1346 or 706/679-3149 (for international callers).

Live Webcast/Replay:available live atwww.cinemark.com in theInvestor Relations section and archived for a limited time immediately following the call.

Call Replay:until August 8, 2010 via 800/642-1687 or 706/645-9291, passcode: 91767430.

About Cinemark Holdings, Inc.

Cinemark is a leading domestic and international motion picture exhibitor, operating 425 theatres with 4,907 screens in 39 U.S. states, one Canadian province, Brazil, Mexico and 11 other Latin American countries as of June 30, 2010. For more information go towww.cinemark.com.

Contacts:

Robert Copple — 972/665-1500
Robert Rinderman — Jaffoni & Collins — 212/835-8500 or CNK@jcir.com

Forward-looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The “forward-looking statements” include our current expectations, assumptions, estimates and projections about our business and our industry. They include statements relating to future revenues, expenses and profitability, the future development and expected growth of our business, projected capital expenditures, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors and alternative forms of entertainment and determinations in lawsuits in which we are defendants. You can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the “Risk Factors” section or other sections in the Company’s Annual Report on Form 10-K filed March 10, 2010 and quarterly reports on Form 10-Q. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Cinemark Holdings, Inc.
Financial and Operating Summary
(unaudited, in thousands)

	Three months ended June 30,						Six months ended June 30,
	2010			2009			2010			2009
Statement of income data:
Revenues
Admissions	$	353,085		$	339,088		$	696,075		$	618,971
Concession		165,230			158,926			318,334			288,957
Other		21,054			19,494			41,591			35,380
Total revenues		539,369			517,508			1,056,000			943,308
Cost of operations
Film rentals and advertising		193,550			190,826			382,369			337,952
Concession supplies		24,494			24,027			46,900			43,744
Facility lease expense		61,990			59,195			124,705			114,933
Other theatre operating expenses		113,898			106,238			221,661			199,316
General and administrative expenses		24,946			23,675			50,476			45,463
Depreciation and amortization		34,915			37,881			69,006			74,337
Impairment of long-lived assets		4,688			3,930			5,035			4,969
Loss on sale of assets and other		1,191			1,186			4,358			1,458
Total cost of operations		459,672			446,958			904,510			822,172
Operating income		79,697			70,550			151,490			121,136
Interest expense(1)		(28,605	)		(25,649	)		(54,615	)		(51,113	)
Distributions from NCM		1,332			5,027			11,278			11,606
Loss on early retirement of debt		—			(26,795	)		—			(26,795	)
Other income (expense)		(1,454	)		994			(642	)		2,287
Income before income taxes		50,970			24,127			107,511			57,121
Income taxes		10,211			4,320			30,041			18,963
Net income	$	40,759		$	19,807		$	77,470		$	38,158
Less: Net income attributable to noncontrolling interests		1,077			1,137			2,695			1,923
Net income attributable to Cinemark Holdings, Inc.	$	39,682		$	18,670		$	74,775		$	36,235
Earnings per share attributable to Cinemark Holdings, Inc.’s common stockholders:
Basic	$	0.35		$	0.17		$	0.67		$	0.33
Diluted	$	0.35		$	0.17		$	0.67		$	0.33
Weighted average diluted shares outstanding		111,552			110,266			111,299			109,922
Other financial data:
Adjusted EBITDA(2)	$	125,116		$	120,792		$	246,897		$	218,780

(1)	Includes amortization of debt issue costs and excludes capitalized interest.
(2)	Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of Adjusted EBITDA to net income is provided in the financial schedules accompanying this press release.

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	As of		As of
	June 30,		December 31,
	2010		2009
Balance sheet data:
Cash and cash equivalents	$	435,770	$	437,936
Theatre properties and equipment, net		1,184,254		1,219,588
Total assets		3,305,151		3,276,448
Long-term debt, including current portion		1,537,917		1,543,705
Equity		959,934		914,628

	Three months ended				Six months ended
	June 30,				June 30,
	2010		2009		2010		2009
Other operating data:
Attendance (patrons):
Domestic		41,658		43,922		81,231		81,190
International		18,526		17,198		37,460		34,053
Worldwide		60,184		61,120		118,691		115,243
Average ticket price (in dollars):
Domestic	$	6.47	$	6.29	$	6.51	$	6.18
International	$	4.51	$	3.66	$	4.47	$	3.45
Worldwide	$	5.87	$	5.55	$	5.86	$	5.37
Concession revenues per patron (in dollars):
Domestic	$	3.12	$	2.99	$	3.06	$	2.92
International	$	1.91	$	1.61	$	1.87	$	1.52
Worldwide	$	2.74	$	2.60	$	2.68	$	2.51
Average screen count (month end average):
Domestic		3,827		3,825		3,827		3,789
International		1,070		1,037		1,068		1,037
Worldwide		4,897		4,862		4,895		4,826

Segment Information
(unaudited, in thousands)

	Three months ended						Six months ended
	June 30,						June 30,
	2010			2009			2010			2009
Revenues
U.S.	$	410,964		$	419,575		$	799,579		$	761,019
International		129,641			98,962			258,912			184,158
Eliminations		(1,236	)		(1,029	)		(2,491	)		(1,869	)
Total revenues	$	539,369		$	517,508		$	1,056,000		$	943,308
Adjusted EBITDA(1)
U.S.	$	96,548		$	100,576		$	185,953		$	182,295
International		28,568			20,216			60,944			36,485
Total adjusted EBITDA	$	125,116		$	120,792		$	246,897		$	218,780
Capital expenditures
U.S.	$	23,508		$	27,171		$	36,008		$	43,422
International		13,935			10,875			20,952			17,496
Total capital expenditures	$	37,443		$	38,046		$	56,960		$	60,918

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Reconciliation of Adjusted EBITDA
(unaudited, in thousands)

	Three months ended					Six months ended
	June 30,					June 30,
	2010		2009			2010		2009
Net income	$	40,759	$	19,807		$	77,470	$	38,158
Income taxes		10,211		4,320			30,041		18,963
Interest expense		28,605		25,649			54,615		51,113
Loss on early retirement of debt		—		26,795			—		26,795
Other (income) expense		1,454		(994	)		642		(2,287	)
Depreciation and amortization		34,915		37,881			69,006		74,337
Impairment of long-lived assets		4,688		3,930			5,035		4,969
Loss on sale of assets and other		1,191		1,186			4,358		1,458
Deferred lease expenses — theatres(2)		801		1,034			1,551		2,121
Deferred lease expenses — DCIP equipment(3)		113		—			146		—
Amortization of long-term prepaid rents(2)		438		360			779		750
Share based awards compensation expense(4)		1,941		824			3,254		2,403
Adjusted EBITDA(1)	$	125,116	$	120,792		$	246,897	$	218,780

(1)	Adjusted EBITDA as calculated in the chart above represents net income before income taxes, interest expense, loss on early retirement of debt, other (income) expense, depreciation and amortization, impairment of long-lived assets, loss on sale of assets and other, changes in deferred lease expense, amortization of long-term prepaid rents and share based awards compensation expense. Adjusted EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net income as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with GAAP). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. We have included Adjusted EBITDA because we believe it provides management and investors with additional information to measure our performance and liquidity, estimate our value and evaluate our ability to service debt. In addition, we use Adjusted EBITDA for incentive compensation purposes.
(2)	Non-cash expense included in facility lease expense.
(3)	Non-cash expense included in other theatre operating expenses.
(4)	Non-cash expense included in general and administrative expenses.

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