Exhibit 99.1
Selected Data for the Three and Nine Months Ended September 30, 2006 and 2007
As Reported
Three Months Ended | Percent | Nine Months Ended | Percent | |||||||||||||||||||||
09/30/06 | 09/30/07 | Change | 09/30/06 | 09/30/07 | Change | |||||||||||||||||||
Total Revenues (in millions) | $ | 288.0 | $ | 471.5 | 63.7 | % | $ | 829.1 | $ | 1,289.6 | 55.5 | % | ||||||||||||
Adjusted EBITDA* (in millions) | $ | 61.8 | $ | 116.0 | 87.8 | % | $ | 180.3 | $ | 293.1 | 62.6 | % | ||||||||||||
Adjusted EBITDA margin | 21.4 | % | 24.6 | % | 21.7 | % | 22.7 | % |
Pro Forma
Nine Months Ended | Percent | |||||||||||
09/30/06 | (A) | 09/30/07 | Change | |||||||||
Total Revenues (in millions) | $ | 1,213.8 | $ | 1,289.6 | 6.2 | % | ||||||
Adjusted EBITDA* (in millions) | $ | 267.5 | $ | 293.1 | 9.6 | % | ||||||
Adjusted EBITDA margin | 22.0 | % | 22.7 | % |
* | includes NCM dividend |
(A)Unaudited pro forma information for the nine months ended September 30, 2006 gives effect to the Century acquisition as if it had been consummated on January 1, 2006. Pro forma revenues for the nine months ended September 30, 2006 represents Cinemark’s historical revenues for the nine months ended September 30, 2006 plus Century’s historical revenues for the nine months ended September 30, 2006. Pro forma Adjusted EBITDA represents Cinemark’s historical Adjusted EBITDA for the nine months ended September 30, 2006 plus Century’s historical Adjusted EBITDA for the nine months ended September 30, 2006 adjusted to eliminate the impact of the $15.7 million change of control payment made to Century’s management at the time of the acquisition.
Reconciliation of net income (loss) Adjusted EBITDA (in millions):
Pro Forma | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||
09/30/06 | 09/30/07 | 09/30/06 | 09/30/07 | 09/30/06 | 09/30/07 | |||||||||||||||||||
Net income (loss) | $ | 2.3 | $ | (23.4 | ) | $ | 21.2 | $ | 142.7 | $ | 16.8 | $ | 142.7 | |||||||||||
Income taxes | 5.7 | 60.1 | 9.6 | 69.8 | 3.4 | 69.8 | ||||||||||||||||||
Interest expense | 22.5 | 35.0 | 67.1 | 111.8 | 125.2 | 111.8 | ||||||||||||||||||
Gain on NCM transaction | — | — | — | (210.8 | ) | — | (210.8 | ) | ||||||||||||||||
Gain on Fandango transaction | — | — | — | (9.2 | ) | — | (9.2 | ) | ||||||||||||||||
Loss on early retirement of debt | — | 3.6 | 2.5 | 11.5 | — | 11.5 | ||||||||||||||||||
Other (income) expense | (0.4 | ) | (4.4 | ) | (2.1 | ) | (10.4 | ) | 0.4 | (10.4 | ) | |||||||||||||
Termination of profit participation agreement | — | — | — | 6.9 | — | 6.9 | ||||||||||||||||||
Depreciation and amortization | 21.4 | 38.3 | 64.5 | 113.4 | 104.4 | 113.4 | ||||||||||||||||||
Impairment of long-lived assets | 4.3 | 3.6 | 5.2 | 60.4 | 5.6 | 60.4 | ||||||||||||||||||
Loss on sale of assets and other | 3.8 | 0.9 | 5.3 | (0.6 | ) | 5.3 | (0.6 | ) | ||||||||||||||||
Stock option compensation expense | 0.7 | 0.7 | 4.9 | 2.2 | 2.1 | 2.2 | ||||||||||||||||||
Deferred lease expenses | 1.5 | 1.6 | 2.1 | 5.4 | 4.3 | 5.4 | ||||||||||||||||||
Adjusted EBITDA | $ | 61.8 | $ | 116.0 | $ | 180.3 | $ | 293.1 | $ | 267.5 | $ | 293.1 | ||||||||||||