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FOR IMMEDIATE RELEASE C CINEPLEX® Cineplex Inc. Reports Second Quarter Results Cineplex Theatres and Entertainment Venues Open Nationwide TORONTO , Canada , August 12 , 2021 ( TSX : CGX ) - Cineplex Inc. ( “ Cineplex ” or the “ Company ” ) today released its financial results for the three and six months ended June 30 , 2021. Unless otherwise specified , all amounts are in Canadian dollars . " The big screen is back ! As of July 17 , our entire circuit of theatres and entertainment venues were open , and guests are coming back in strong numbers to see movies the way they are meant to be seen , " said Ellis Jacob , President & CEO , Cineplex . " During the quarter , we remained prudent in managing costs and reduced our average monthly net cash burn to $ 24 million for Q2 , down from $ 27 million in Q1 , as our circuit continued to reopen across the country . " " We have always focused on providing guests with exceptional experiences at a great value and coming out of the pandemic , it is even more important for us to drive habitual movie - going by making it easier and more accessible . That's why , subsequent to quarter end , we launched Canada's first of its kind movie subscription program called CineClub . For just $ 9.99 a month members receive one regular admission ticket , 20 % off concession purchases and a variety of other benefits and discounts across Cineplex theatres , the Cineplex Store and our entertainment venues nationwide . " " Looking ahead , the recent box office results are very encouraging , as is the upcoming film release schedule . We continue to implement our VenueSafe measures so guests can feel comfortable returning to our venues with family and friends . We have prepared for this for many months and with our efforts to control costs and solidify our liquidity and financial position during the closure period , we have set the stage for a strong comeback . " Second Quarter Financial Results 2021 2020 Period over Period Change ( i ) Total revenues ( ii ) $ 64.9 million $ 22.0 million 195.3 % Theatre attendance Net loss from continuing operations ( iii ) $ 1.1 million ( 103.7 ) million $ million ( 98.2 ) million NM 5.6 % Net loss from discontinued operations $ million $ ( 0.7 ) million -100.0 % Net loss ( iii ) $ ( 103.7 ) million $ ( 98.9 ) million 4.8 % Box office revenues per patron ( " BPP " ) ( iv ) $ 10.89 $ 4.50 142.0 % Concession revenues per patron ( " CPP ” ) ( iv ) $ 7.86 $ 10.33 -23.9 % Adjusted EBITDA ( iv ) $ ( 16.9 ) million $ ( 41.3 ) million -59.1 Adjusted EBITDAAL ( iii ) ( iv ) $ ( 53.2 ) million $ ( 72.5 ) million -26.7 Adjusted EBITDAaL margin ( iii ) ( iv ) ( 81.9 ) % ( 329.9 ) % 248.0 % Adjusted free cash flow ( iv ) $ ( 65.9 ) million $ ( 53.8 ) million 22.6 Adjusted free cash flow per common share of Cineplex ( " Share " ) ( iv ) $ ( 1.041 ) $ ( 0.849 ) 22.6 Earnings per Share ( " EPS " ) from continuing operations - basic and diluted ( iii ) $ ( 1.64 ) $ ( 1.55 ) 5.8 % EPS from discontinued operations - basic and diluted $ $ ( 0.01 ) NM EPS basic and diluted ( iii ) $ ( 1.64 ) $ ( 1.56 ) 5.1 %