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FOR IMMEDIATE RELEASE C CINEPLEX® Cineplex Inc. Reports Third Quarter Results Positive adjusted EBITDAaL across all business segments as guests return to theatres and entertainment venues nationwide TORONTO , Canada , November 11 , 2021 ( TSX : CGX ) - Cineplex Inc. ( " Cineplex ” or the “ Company ” ) today released its financial results for the three and nine months ended September 30 , 2021. Unless otherwise specified , all amounts are in Canadian dollars . “ Our business has turned a corner , and we are pleased to report adjusted EBITDAaL of $ 10.8 million for the quarter , as well as positive quarterly adjusted EBITDAaL across all business segments for the first time since the pandemic began , ” said Ellis Jacob , President & CEO , Cineplex . “ Our entire theatre circuit and entertainment venues are open nationwide and attendance levels continue to grow as capacity restrictions ease across the country and guests return . We continued our prudent approach to cost management and reduced our average monthly net cash burn to $ 2.9 million during the quarter , down from $ 24.0 million in Q2 2021. " " Now more than ever , we are providing every guest with a great entertainment experience and are taking proactive steps to increase visitation . In support of this strategy , during the quarter we introduced our new subscription program - CineClub , which has received an overwhelmingly positive response . We also launched our new brand platform Where Escape Begins - to welcome guests back to the theatre experience and remind them of what they've been missing for so long . " - " Looking ahead , we remain confident in our solid financial position and disciplined cash management processes supporting the continued recovery of our businesses . We are encouraged by the strong pipeline of upcoming film product and the signs of a return to normalcy that we are all craving . Canadians want to reconnect and recharge with family and friends , and we will continue to capitalize on that pent up demand . " Third Quarter Financial Results 2021 2020 Period over Period Change ( i ) Total revenues ( ii ) $ 250.4 million $ 61.0 million 310.3 % Theatre attendance Net loss from continuing operations ( iii ) $ 8.3 million ( 33.6 ) million $ 1.6 million ( 121.2 ) million 429.2 % -72.3 % Net loss from discontinued operations $ -million $ million NM Net loss ( iii ) $ ( 33.6 ) million $ ( 121.2 ) million -72.3 % Box office revenues per patron ( " BPP ” ) ( iv ) $ 11.38 $ 9.30 22.4 % Concession revenues per patron ( " CPP " ) ( iv ) $ 8.58 $ 7.37 16.4 % Adjusted EBITDA ( iv ) $ 48.6 million $ ( 28.9 ) million NM Adjusted EBITDAAL ( iii ) ( iv ) $ 10.8 million $ ( 46.7 ) million NM Adjusted EBITDAaL margin ( iii ) ( iv ) 4.3 % ( 76.6 ) % 80.9 % Adjusted free cash flow ( iv ) $ ( 5.8 ) million $ ( 77.3 ) million -92.6 Adjusted free cash flow per common share of Cineplex ( " Share " ) ( iv ) $ ( 0.091 ) $ ( 1.221 ) -92.5 Earnings per Share ( " EPS " ) from continuing operations - basic and diluted ( iii ) $ ( 0.53 ) $ ( 1.91 ) -72.3 % EPS from discontinued operations - basic and diluted $ $ NM EPS basic and diluted ( iii ) $ ( 0.53 ) $ ( 1.91 ) -72.3 %