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I N V E S T O R P R E S E N T A T I O N N o v e m b e r 2 0 2 6 ® IMAX Corp.
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I M A X I N V E S T O R P R E S E N T A T I O N 2 F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" within the meaning of Canadian securities laws that are based on IMAX Corporation (the “Company”) management’s assumptions and existing information and involve certain risks and uncertainties which could affect our future results and cause those results or other outcomes to differ materially from future results expressed or implied by such forward looking statements. In some cases, you can identify these statements by forward-looking words such as "anticipate," “believe,” "build," "drive," "continue," "expand," “expect,” "future," "grow," "guidance," “if,” "improve," “may,” "momentum," “plan,” "position," “potential,” "remain," "runway," "strategy," "target," "will," or the negative or other variations thereon or comparable terminology. These forward-looking statements include, but are not limited to, statements regarding: the Company’s business and technology strategies and measures to implement such strategies, including live events and exclusive content partnerships; the Company’s competitive strengths, differentiation, goals, market opportunity and penetration, including opportunities in and expected growth from international markets, momentum and runway for expansion and growth of business, networks, operations and technology; capital allocation, including with respect to share repurchase programs; the Company’s ability to benefit from consumer demand for premium experiences, to unlock new commercial opportunities and to increase demand; the Company’s technological capabilities and the differentiation thereof; future releases of films and other content to the IMAX network, including the timing of such releases, the anticipated box office revenues, and other effects thereof; and plans and references to the future success of the Company and expectations regarding its future operating, financial and technological results. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with the expectations and predictions of the Company is subject to a number of risks and uncertainties, including, but not limited to: risks associated with the Company’s investments, operations and future expansion in foreign jurisdictions, including the impact of economic, political and regulatory policies and laws of the United States, Canada, and China, tariffs and other trade regulations, and economic and trade tensions, trade wars, and geopolitical conflicts; risks related to the Company’s growth and operations in China, including industry conditions to both the Company and its partners; the ability of the Company’s exhibitor customers to fulfill their contractual payment obligations; risks related to the Company’s ability to attract and retain its employee population or the loss of the Company’s key personnel; the performance of IMAX remastered films and other films released to the IMAX network; changes in the timing of film releases; conditions, changes and developments in the commercial exhibition industry; the Company’s ability to enter into new IMAX theater system agreements and sales and lease agreements and the effects thereof; fluctuations in operating results and cash flow; currency fluctuations and foreign exchange controls; the potential impact of increased competition in the markets within which the Company operates, including competitive actions by other companies; the ability of the Company to respond to change and advancements in technology, including with respect to AI products and AI-generated content; the potential impacts of consolidation among commercial exhibitors and studios; success of brand extensions and new business initiatives; conditions and competition in the in-home (including streaming) and out-of-home entertainment industries; the Company’s ability to identify and pursue new business opportunities (or lack thereof); cybersecurity and data privacy incidents; the Company’s ability to protect its intellectual property and to avoid infringing, misappropriating, or violating the intellectual property rights of others; effects of environmental laws and regulations, including with respect to climate change; weather conditions and natural disasters that may disrupt or harm the Company’s business; effects of the Company’s indebtedness on its cash flow and business activities and the Company’s ability to comply with its debt agreements; general economic, market or business conditions; sustained inflationary pressure; political, economic and social instability and the resulting disruptions to the Company’s operations or supply chain; the Company’s ability to convert system backlog into revenue and cash flows; accuracy of assumptions underlying goodwill impairment assessment and fair value measurements; changes in laws, regulations or accounting principles; any statements of belief and any statements of assumptions underlying any of the foregoing; other factors and risks outlined in the Company’s periodic filings with the United States Securities and Exchange Commission (the “SEC”) or in Canada, the System for Electronic Data Analysis and Retrieval (“SEDAR+”); and other factors, many of which are beyond the control of the Company. Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements, and actual results or anticipated developments by the Company may not be realized, and even if substantially realized, may not have the expected consequences to, or effects on, the Company. These factors, other risks and uncertainties and financial details are discussed in the Company’s most recent Annual Report on Form 10-K, as may be updated in filings the Company makes from time to time with the SEC, including the Company’s Quarterly Reports on Form 10-Q. The forward-looking statements herein are made only as of the date hereof and the Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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I M A X I N V E S T O R P R E S E N T A T I O N Strategic Update Richard Gelfond Chief Executive Officer
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I M A X I N V E S T O R P R E S E N T A T I O N 4 “THE IMAX” AWAKENING Record Demand for The IMAX Experience • 2026 already highest grossing box office year in IMAX history with two months to go • IMAX Market Share 4.6% YTD SEP’26 vs 3.8% FY’25 • 18.6% YTD Sep'26 avg domestic FFI Opening Weekend Indexing(1) vs 15.3% in FY’25 One of the Most Loyal Fanbases in Entertainment • More than $30M in Dune: Part Three IMAX ticket pre-sales through its first four weeks of release • 45% of moviegoers in the U.S. say they have attended an IMAX in the past 12 months, up 6 points since August 2024 (source: NRG) • IMAX Social Followers increased +956k (+15%) YTD Sep’26 Differentiated Technology - The Standard for Immersive Entertainment • At least 12 FFI titles in 2027 along with four films releasing with 70MM film prints including both Star Wars titles • Unique to IMAX - Expanded Aspect Ratio delivers differentiated, immersive viewing experience Accelerating Global Exhibitor Demand for IMAX Locations • Over 100 system signings to-date, with significant active pipeline • 40% International, excluding China, commercial network growth since 2019 (1) Average Filmed For IMAX Opening Weekend Indexing for All Hollywood Full Domestic Network titles
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I M A X I N V E S T O R P R E S E N T A T I O N 5 Unique IMAX Entertainment Platform Drives Strong Profitability and Long-Term Growth Opportunities I N V E S T M E N T H I G H L I G H T S 4 5 6 The only worldwide premium network in 91 countries and territories More than 50% of IMAX target market remains addressable, supported by robust system backlog Flexible, asset-lite business with high incremental margins Long-tailed cash flows, low debt and track record of returning capital to shareholders Consumers demanding premium experiences and IMAX expanding and diversifying its content portfolio +50% Growth in IMAX Global Box Office market share from 2018 through 2025 1,820 system footprint in the IMAX commercial network 409 IMAX systems in contracted backlog 55.6% September 2026 TTM Total Adjusted EBITDA margin(2) $122m Record operating cash flow September YTD, up 25% year-over-year IMAX is the future of moviegoing Unmatched global network scale Long runway for platform growth Significant operating leverage as scale Strong capital structure & cash generation (1) Source: OMDIA (2) Non-GAAP financial measure. See appendix for reconciliation and definition of non-GAAP financial results* Unrivaled premium luxury brand Studios & filmmakers increasing IMAX collaboration –13+ Filmed For IMAX® titles expected in 2026 >50% share of global premium formats(1)
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I M A X I N V E S T O R P R E S E N T A T I O N 6 The IMAX Brand and Business Have Never Been Stronger, In a Time When Audiences are Increasingly Seeking Human Experiences AI Can’t Replace Growing Demand for IMAX Amongst Filmmakers and Studios Experiential & Moviegoing Central to the Cultural Conversation Premium Entertainment Platform Gaining Global Popularity I M A X I S I N A S T R O N G I N D U S T R Y P O S I T I O N B E N N I F I T I N G F R O M C L E A R S E C U L A R T A I L W I N D S 12+ Filmed for IMAX titles in 2027 & Four 70mm Film Print Releases IMAX network growth of 19% since 2019(2) including 40% International (excluding China) growth Gen Z is the only generation to prefer theaters over watching movies at home - with a notable 15+ pt increase in theatrical moviegoing interest since ’22(1) (1) ) Source: NRG October 2026( (2) January 1, 2020 through September 30, 2026
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I M A X I N V E S T O R P R E S E N T A T I O N 7 Movies shot with IMAX certified digital and IMAX Film cameras maximize IMAX DNA throughout the entire production process • Delivers expanded aspect ratio with up to 26% more image • Continuous innovation cycle - recently completed development of latest generation of film cameras • 60 Minutes link – Why Christopher Nolan Shot "The Odyssey on IMAX film IMAX Streaming and Consumer Technology offering • Built on proprietary VisionScience technology to deliver The IMAX Experience to users across streaming platforms and consumer device including TV's, soundbars, automatives and other device segments. • Extension of the IMAX brand and technology into live streaming for connected theaters and live and on- demand streaming home entertainment experiences Lightyear IMAX’s comprehensive solution delivers superior immersive theater experience, includes: • Advanced, high-resolution projectors, including 4K laser • Large screens + proprietary theater geometry • Advanced 12-channel sound + pinpointed origination of sound • 24/7 monitoring of system performance and quality with 99% uptime E X T E N D I N G T O T H E H O M ES H O T W I T H I M A X C A M E R A S IMAX’s proprietary digital remastering technology enables full creative control for filmmakers • IMAX format = elevated quality • Delivers filmmakers breathtaking image and sound fidelity • AI enabled and cloud optimized for local language content • Take a glimpse into IMAX’s end-to- end technological solution here O P T I M I Z E D B Y I M A X IMAX Differentiation: End-to-End Technology that Powers Creativity from Creation to Delivery T H E I M A X E X P E R I E N C E A M P L I F I E D B Y I M A X Loyal and growing IMAX fanbase seeks out The IMAX Experience® • Filmed for IMAX (FFI) program supports most ambitious filmmakers to optimize The IMAX Experience • Record number of FFI films planned for 2026 • IMAX elevates FFI films with incremental and bespoke marketing V I E W E D I N T H E S U P E R I O R I M M E R S I V E F O R M A T
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I M A X I N V E S T O R P R E S E N T A T I O N 8 -$0.14 $0.06 $0.94 $0.95 $1.45 * 2021 2022 2023 2024 2025 A D J U S T E D E P S (2) (1) Total Adjusted EBITDA before subtracting non-controlling interest. (2) Non-GAAP financial measure. See appendix for reconciliation and definition of non-GAAP financial results *Represents a company record Source: Company Data $255 $301 $375 $352 $410 * 2021 2022 2023 2024 2025 R E V E N U E $134 $156 $214 $190 $246 * 2021 2022 2023 2024 2025 G R O S S P R O F I T & M A R G I N % T O T A L A D J U S T E D E B I T D A & M A R G I N % ( 1 ) ( 2 )$ in millions +$1.59 ~13% CAGR +16% CAGR $89 $96 $144 $139 $185 * 2021 2022 2023 2024 2025 +20% CAGR S T R O N G O P E R A T I N G L E V E R A G E D R I V E S A C C E L E R A T E D P R O F I T G R O W T H Robust Growth Across Annual Financial Metrics Since Pandemic $ in millions $ in millions 39.4% 34.8% 31.8% 38.4% 54.0% 52.7% 52.0% 57.2% 45.1% 60.0%
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I M A X I N V E S T O R P R E S E N T A T I O N 9 IMAX network accounts for >50% of total global premium locations1 1,820 Commercial Multiplex Locations 91 Countries & Territories C A N A D A 37 U N I T E D S T A T E S 391 L A T I N A M E R I C A 64 W E S T E R N E U R O P E 158 A S I A ( E X C L U D I N G G R E A T E R C H I N A ) 209 G R E A T E R C H I N A 808 R E S T O F T H E W O R L D 153 A T R U L Y G L O B A L P R E M I U M E N T E R T A I N M E N T P L A T F O R M 100+ 1-99 None *By country 1Source: OMDIA as of Year End 2025 & Company Data as of September 30, 2026
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I M A X I N V E S T O R P R E S E N T A T I O N 1,820 257 2,389 TOTAL 41% 53% 428 808 584 29 133 95 486 693 1,210 Domestic Greater China RoW 6% 5% 8% 3% 52% 45% 10 I M A X W O R L D W I D E T A R G E T M A R K E T Significant Rest of World Expansion Opportunity – only 36% Penetrated Substantial Commercial Network growth opportunity: 409 systems in backlog (257 New Systems and 152 Upgrades) & 2,394 open zones Source: Company Data as of September 30, 2026 1 , 8 8 9 1 , 6 3 4 943 4 , 4 6 6 Unpenetrated Market IMAX New System Backlog IMAX Network 42% 50% 64% 31%
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I M A X I N V E S T O R P R E S E N T A T I O N 11 I M A X B O X O F F I C E M A R K E T S H A R E 1 , 2 Strong Share of Global Box Office on Less than 1% of Screens S T R O N G M A R K E T S H A R E A C R O S S G L O B A L B O X O F F I C E 1Market share is calculated including China booking fees in both IMAX Box Office and Total Industry Gross Box Office, which includes titles that are not distributed across the IMAX platform 2Source: Box Office Mojo, Gower Street & Company Data 3.2% 2.2% 4.4% 4.8% 4.4% 4.5% 5.2% 6.2% 3.9% 3.7% 3.3% 3.7% 4.2% 3.8% 5.5% 5.6% 1.7% 1.7% 2.1% 2.3% 2.1% 2.0% 2.5% 3.3% 2.6% 2.3% 3.0% 3.3% 3.2% 3.1% 3.8% 4.5% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 2019 2020 2021 2022 2023 2024 2025 September 2026 TTM Domestic Market Share China Market Share International ex. China Market Share Global Market Share
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I M A X I N V E S T O R P R E S E N T A T I O N 9.8% 9.9% 8.2% 6.2% 9.6% 9.8% 12.0% 10.0% 14.4% 15.0% 18.6% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 YTD SEP'26 FFI Growing IMAX Fandom Fueling Demand for IMAX by Filmmakers, Consumers, Exhibitors and Studios 12 Top 10 Grossing IMAX Titles – Domestic Opening Weekend Market Share 1Source: Box Office Mojo & Company Data as of September 30, 2026 2Top 10 IMAX titles. Within 2026 Top Ten Hollywood Titles, 5 were Filmed For IMAX (FFI) 3Average FFI Opening Weekend Indexing for All Hollywood Full Domestic Network titles 4Source: 2026 IMAX Brand NRG Study (Oct) , (2) 41 32 40 30 19 59 61 672 7 17 25 Avg. 2016-2019 2023 2024 2025 Hollywood Local Language Alt Content 13-17 19% 14% Over-indexing vs. gen pop & active moviegoers4 Anime indexing in 2025 Horror indexing in 2025 R E S U L T S D R I V E N B Y S T R O N G M A R K E T S H A R E A N D F A N E N G A G E M E N T D I V E R S I F I E D & E X P A N D I N G C O N T E N T O F F E R I N G I N C R E A S I N G I M A X B L O C K B U S T E R M A R K E T S H A R E 1 I M A X F A N S A R E P A S S I O N A T E A D V O C A T E S 4 62 98 118 122 E M E R G I N G A R E A S O F A U D I E N C E G R O W T H (3) IMAX Net Promoter Score rivals the biggest brands in entertainment, tech and apparel 60% 60% 55% 55%55%
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I M A X I N V E S T O R P R E S E N T A T I O N O U R FA N C O M M U N I T Y I S G R O W I N G R A P I D LY 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 2024 -2026 GLOBAL SOCIAL FOLLOWINGS* (In millions) 31% GROWTH JAN ‘24 JAN ‘25 SEPT ‘26 12.4M GLOBAL FOLLOWERS (Including China) +348k July Follower Growth Record Breaking Single Month Growth Across Channels (ex. China) +200% TIKTOK FOLLOWERS Growth Year to Date J A N ‘26 13
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I M A X I N V E S T O R P R E S E N T A T I O N M E R C H A N D I S E S T R AT EGY F U E L I N G I M A X FA N D O M G R O W I N G O P P O R T U N I T Y I N C O N S U M E R P R O D U C T S IMAX ONLINE STORE – A PROFITABLE AND GROWING FAN PLATFORM • Diverse portfolio of IMAX-branded merchandise and IP collaborations • Cadence of Monthly Merch Drops; pursuing new partner collaborations • Strong consumer response to tentpole IP merchandise collections, including The Odyssey, Street Fighter and Godzilla Minus Zero. • Link to IMAX Online Store FANDOM FUELED BY IMAX NEWSLETTER • Subscribers up 60% > 933K since beginning of 2026* • Link to Subscribe to IMAX Newsletter 1IAs of Nov. 3rd, 2026 14
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I M A X I N V E S T O R P R E S E N T A T I O N 15 IMAX is Widening the Content Aperture C O N T E N T S T R A T E G Y L O C A L L A N G U A G E L A U N C H E V E N T SC O N C E R T SS P O R T S D O C U M E N T A R I E S I C O N I C RE - R E L E A S E S
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I M A X I N V E S T O R P R E S E N T A T I O N 16 Exceptional Fourth Quarter Slate Including: Cliff Booth, Dune Part Three, and Godzilla Minus Zero E X P E C T E D F O U R T H Q U A R T E R 2 0 2 6 I M A X S L A T E Note: Avengers: Doomsday currently scheduled to play in China. Godzilla to be played international. *Release slate reflects current studio scheduling as of 11/5/2026 and is not necessarily in order of release date. **Does not reflect fully confirmed or complete listing of all titles planned to be played across the IMAX global network T H E F U R T H E R M I S - A D V E N T U R E S O F C L I F F B O O T H E V E R E S T : T H E O T H E R S I D E F1® O N A P P L E T V L I V E I N I M A X : U S G E O R G E M I C H A E L : T H E F A I T H T O U R A L W A Y S L A L I S A L E S M I S E R A B L E S 70MM LOCATIONS
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I M A X I N V E S T O R P R E S E N T A T I O N 17 IMAX Blockbuster Slate Filling Out for 2027 with Major Franchises T H E G R E A T B E Y O N D F R O Z E N 3 *Release slate reflects current studio scheduling as of 11/5/2026 and is not necessarily in order of release date. **Does not reflect fully confirmed and complete listing of all titles planned to be played across the IMAX global network T H E T H O M A S C R O W N A F F A I R E X P E C T E D 2 0 2 7 S L A T E M I N E C R A F T M O V I E S Q U A R E D M A N O F T O M O R R O W L E G E N D O F Z E L D A S T A R W A R S 50 TH A N N I V E R S A R Y P A N I C C A R E F U L L Y T H E M U M M Y N A R N I A : T H E M A G I C I A N ’ S N E P H E W T H E P R E S T I G E RE - R E L E A S E
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I M A X I N V E S T O R P R E S E N T A T I O N 18 Significant Blockbuster Slate Already Filling Out for 2028 E X P E C T E D 2 0 2 8 H O L L Y W O O D S L A T E U N T I T L E D C A L L O F D U T Y FILM D A Y S O F T H U N D E R 2 F A S T F O R E V E R E L D E N R I N G T H E B E A T L E S ( 4 F I L M S ) M I A M I V I C E ‘ 8 5 *Release slate reflects current studio scheduling as of 11/5/2026 and is not necessarily in order of release date. **Does not reflect fully confirmed and complete listing of all titles planned to be played across the IMAX global network T H E B A T M A N P A R T I I I N C R E D I B L E S 3 U N T I T L E D B L A C K P A N T H E R 3
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I M A X I N V E S T O R P R E S E N T A T I O N 19 Local Language (LL) Content Drives Box Office Incrementality and System Demand in Growth Markets L O C A L L A N G U A G E T I T L E G R O W T H 7 0 + T I T L E S E X P E C T E D I N 2 0 2 6 14 10 22 15 28 25 25 14 1 3 9 8 11 14 11 13 3 4 1 13 20 22 31 22 21 – 10 20 30 40 50 60 70 80 2019 2020 2021 2022 2023 2024 2025 2026E China Japan Rest of World To Be Released 24% CAGR 2019 - 2 0 2 5 18 17 32 36 R E G I O N A L H I G H L I G H T S 2025 IMAX LL box office of $405M, 66% above previous full year record Expanding partnerships with 7 new countries in the past year • 68 countries with a LL title in the top 10 IMAX releases in 2025 • Germany, Egypt, Turkey, Netherlands, Poland, Brazil & Taiwan, China • Godzilla Minus Zero and Ramayana releasing in Q4 2026 as first ever Japanese and Indian Filmed For IMAX title • Godzilla Minus Zero delivered the highest ever IMAX opening day for a Japanese Film China: • 6 out the top-10 Chinese IMAX titles in 2025 were LL • Record 2025 Chinese New Year with CNY titles grossing over $180M in IMAX box office Japan • 5 out the top-10 IMAX Japanese titles in 2025 were LL • Diverse content mix of Hollywood and Japanese films drives high box office (2025 PSA of $1.6M) • Japan continues to outperform, with IMAX local indexing nearly doubling from ~5% in 2023– 2024 to 9%+ in 2025 and remaining at ~8% 1H 2026. India • Growing partnerships to increase number of LL films shown in IMAX as ~90% of overall Indian box office is LL 59 61 67 70+
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I M A X I N V E S T O R P R E S E N T A T I O N 20 IMAX is Partnering with Streaming Platforms to Eventize and Launch Content* 2 0 2 7 T h o m a s C r o w n A f f a i r D O C U M E N T A R Y S A L E T O P R I M E V I D E O G r e t a G e r w i g ' s N a r n i a i n 2 0 2 7 D av i d F i n c h e r ’s T h e M i s a d ve n t u r e s o f C l i f f B o o t h i n 2 0 2 6 • T w o - w e e k I M A X e x c l u s i v e r u n o v e r T h a n k s g i v i n g o f 2 0 2 6 2 0 2 5 L i m i t e d R e l e a s e o f F r a n k e n s t e i n • L i v e D i r e c t o r Q & A f r o m I M A X T C L 2 0 2 4 D o c u m e n t a r y " S K Y W A L K E R S " *Release slate reflects current studio scheduling as of 11/5/2026 and is not necessarily in order of release date. E x c l u s i v e d e a l w i t h A p p l e t o l i v e s t r e a m F o r m u l a 1 r a c e s i n 2 0 2 6 • F i v e g r a n d p r i x r a c e s a c r o s s a t l e a s t 5 0 l o c a t i o n s n a t i o n w i d e • B u i l d s o n s u c c e s s f u l p a r t n e r s h i p o n F 1 : T h e M o v i e w h e r e I M A X c o n t r i b u t e d n e a r l y $ 1 0 0 m o f t h e I M A X b ox o f f i c e , ~ 1 6 % o f f i l m ’s t o t a l
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I M A X I N V E S T O R P R E S E N T A T I O N Natasha Fernandes Chief Financial Officer Financial Review
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I M A X I N V E S T O R P R E S E N T A T I O N Track Record of Delivering on Guidance F I N A N C I A L G U I D A N C E A N D P E R F O R M A N C E 2023 Guidance 2023 Results IMAX Global Box Office1 Adjusted EBITDA Margin2 System Installations $1.06B 36.7% 128 Mid-30’s 110 - 130 ~$1.1B 1Global Box Office Excluding China Booking Fee for 2023 and 2024. 2025 Global Box Office guidance and results include the China Booking Fee 2Adjusted EBITDA Margin guidance for 2023 was for Attributable Adjusted EBITDA and 2024 Adjusted EBITDA Margin Guidance was for Total Adjusted EBITDA Margin (before non- controlling interest). See appendix for reconciliation and definition of non-GAAP financial results. 39.4% 146 High-30’s 120 - 150 Similar to 2023 $901M 2024 Guidance 2024 Results 45.1% 160 Low-40’s 145 – 160 >$1.2B 2025 Guidance 2025 Results $1.28B
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I M A X I N V E S T O R P R E S E N T A T I O N 23 F U L L - Y E A R 2 0 2 6 G U I D A N C E Exceptional Slate and Network Growth Position IMAX for Another Record Year 2026 GUIDANCE > $1.4B (Previously $1.4B) ~50% (Previously Mid - 40's) 160 - 175 1 2024 ACTUALS 2025 ACTUALS IMAX BOX OFFICE SYSTEM INSTALLATIONS TOTAL ADJUSTED EBITDA MARGIN % 2 $1.28B 160 45.1% 146 $920M 39.4% (1) Expect for FY 2026 an approximate 45%/55% Sale/JRSA mix and an approximate 50%/50% new/upgrade mix. (2) Total Consolidated Adjusted EBITDA Margin before non-controlling interest. See appendix for reconciliation and definition of non-GAAP financial results.
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I M A X I N V E S T O R P R E S E N T A T I O N 24 Three-Year Financial Targets Highlight Sustainable Growth and Margin Expansion ADJUSTED EBITDA MARGIN % ADJUSTED EPS GROWTH FREE CASH FLOW CONVERSION REVENUE CONVERSION High Single to Low Double Digit CAGR OVER 50% by 2028 TWICE The Rate of Revenue ~50% By 2026 and Growing *Developed using a base year of 2025 to project 2026 through 2028.
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I M A X I N V E S T O R P R E S E N T A T I O N x 25Source: Company Data S E P T E M B E R Y T D 2 0 2 6 H I G H L I G H T S Global Box Office(1) $712 $368 $1,257 $947 Revenues $174.6 $106.7 $358.8 $285.0 Gross Margin ($) $126.3 $67.3 $235.0 $174.0 Gross Profit Margin (%) 72.3% 63.1% 65.5% 61.1% GAAP Net Income $117.1 $22.6 $139.1 $43.0 GAAP Net Income Margin 67.1% 21.2% 38.8% 15.1% GAAP Attributable Net Income(2) $113.8 $20.7 $133.4 $34.2 EPS(2) $1.96 $0.37 $2.35 $0.62 Adjusted Net Income(2)(4)(5) $127.9 $26.2 $161.7 $48.0 Adjusted EPS(2)(4) $2.21 $0.47 $2.84 $0.87 Total Adjusted EBITDA ($)(3)(4) $120.9 $51.8 $199.4 $127.8 Total Adjusted EBITDA Margin (%)(3)(4) 69.3% 48.6% 55.6% 44.9% Average Fully Diluted Shares Outstanding 58.0M 55.6M 56.9M 55.2M $ I N M I L L I O N S except for per share information (1) Includes China Booking Fee (2) Attributable to common shareholders. (3) Total Adjusted EBITDA before non-controlling interest. (4) See appendix for reconciliation and definition of non-GAAP financial results. (5) As a result of the valuation allowance release in 2026 the calculated tax impact as a percentage of the related non-GAAP adjustments is higher than in the comparative prior year period IMAX On Track For Record Financial Year In 2026 T H I R D Q U A R T E R 2 0 2 6 F I N A N C I A L P E R F O R M A N C E IMAX GBO of $1,257M ~9% from Local Language FY26 guidance of >$1.4B 89 System Installations FY26 guidance of 160-175 79 System Signings Covering 19 countries & territories 55.6% Total Adj. EBITDA Margin(2)(3) FY26 guidance of ~50% Q 3 2 0 2 6 Q 3 2 0 2 5 S E P Y T D 2026 S E P Y T D 2025
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I M A X I N V E S T O R P R E S E N T A T I O N 0% 10% 20% 30% 40% 50% 60% 70% 80% $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Total Adjusted EBITDA Margin % Quarterly Total IMAX Box Office IMAX Quarterly Box Office correlation to Quarterly Total Adjusted EBITDA Margin %(1)(2)(3) 26 Strong Operating Leverage – Higher Levels of Box Office Have Strong Correlation With Higher Adjusted EBITDA Margin %(1)(2) Correlation Coefficient 91% 2026 Target: ~50% (Previously Mid-40s) (1) Total Adjusted EBITDA before non-controlling interest. (2) See appendix for reconciliation and definition of non-GAAP financial results. (3) Chart plots quarterly IMAX box office/Total Adjusted EBITDA Margin from 2018 through Q3 2026 excluding the quarters from 2020 (main covid impacted year)
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I M A X I N V E S T O R P R E S E N T A T I O N 27 Source: Company Data 170 120 5 92 82 91 152 131 30-Sep-26 YE 2025 409 434 Upgrades Joint Revenue Sharing Hybrid JRSA Sales B A C K L O G P I P E L I N E Year-to-Date 2026 Systems Installations, Signings, and Backlog S Y S T E M S N E T W O R K G R O W T H D R I V E R S Sale 46% JRSA 54% Y T D S E P ’ 2 6 I N S T A L L S Sale 78% JRSA 22% Y T D S E P ’ 2 6 S I G N I N G S 21 36 38 65 19 38 32 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 I N S T A L L S B Y Q U A R T E R 95 28 19 24 23 36 20 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 S I G N I N G S B Y Q U A R T E R 7 9 T O T A L S I G N I N G S 8 9 T O T A L I N S T A L L S
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I M A X I N V E S T O R P R E S E N T A T I O N 28 O P E R A T I N G C A S H F L O W ( $ I N M I L L I O N S ) C A S H & L I Q U I D I T Y P O S I T I O N ( $ I N M I L L I O N S ) 9 / 3 0 / 2 6 1 2 / 3 1 / 2 5 Cash1 $207.9 $151.2 Liquidity Total Credit Facilities $432.9 $430.5 Less Amount Utilized $0 $(37.0) Net Credit Available $432.9 $393.5 Total Liquidity $640.8 $544.7 D E B T M A T U R I T Y L A D D E R ( $ I N M I L L I O N S ) 9 / 3 0 / 2 6 1 2 / 3 1 / 2 5 Convertible Senior Notes2 $250.0 $250.7 Credit Facilities Used / Other Debt $0.5 $37.9 Total Debt $250.5 $288.7 Net Debt3 $42.6 $137.5 Net Debt / TTM Total Adj EBITDA 0.18x 0.83x 1As of September 30, 2026, cash and cash equivalents held outside of Canada was $207.9 million (December 31, 2025 —$137.4 million), of which $121.8 million was held in the People’s Republic of China (the “PRC”) (December 31, 2025 — $97.2 million) 2The Convertible Senior Notes bear interest at a rate of 0.750% per annum on the principal of $250.0 million. The Convertible Notes will mature on November 15, 2030, unless earlier repurchased, redeemed or converted. In connection with the pricing of the Convertible Notes, the Company entered into privately negotiated capped call transactions with an initial cap price of $57.1025 per share of the Company’s common shares. 3Net Debt represents total debt less cash and cash equivalents. Low Leverage Model with Improving Cash Flow and Strong Liquidity L E V E R A G E P O S I T I O N ( $ I N M I L L I O N S ) $(23) $6 $17 $59 $71 $127 $122 $(30) $- $30 $60 $90 $120 2020 2021 2022 2023 2024 2025 YTD SEPT'26 $1 $0 $0 $0 $250 $- $50 $100 $150 $200 $250 $300 2026 2027 2028 2029 2030
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I M A X I N V E S T O R P R E S E N T A T I O N 29 Y E A R - E N D S H A R E S O U T S T A N D I N G ( I N T H O U S A N D S ) IMAX Repurchased $175M, 19% of Shares Outstanding Since 2020 Increased Share Repurchase Authorization in June 2025, $251 Million Available Under Program SEP YTD 2026 Share Repurchases of $13.7 Million D E L I V E R I N G V A L U E T H R O U G H S H A R E R E P U R C H A S E S H A R E S R E P U R C H A S E D 2 0 2 0 - 2024 ( I N T H O U S A N D S ) 61,176 58,921 58,654 54,149 53,260 52,946 53,922 2019 2020 2021 2022 2023 2024 2025 2,484 841 5,402 1,604 1,166 4% 5% 14% 17% 19% 0% 5% 10% 15% 20% 25% 0 1,000 2,000 3,000 4,000 5,000 6,000 2020 2021 2022 2023 2024 Shares Repurchased % Repurchased (Cume) Repurchase $’s $36.6M $13.9M $82.0M $26.4M $16.3M
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I M A X I N V E S T O R P R E S E N T A T I O N 30 September 2026 YTD Cash Flow Reflects Strengthening Position A T T R A C T I V E C A S H F L O W M O D E L $122.1 $4.1 $3.7 $114.3 $14.0 $100.3 $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 3Q26 YTD Operating Cash Flow PP&E Acquisition of Other Intangible Assets FCF Before Growth Investment Investments In JRSA Lease Equipment 3Q26 Free Cash Flow Maintenance CAPEX Growth CAPEX $97.7 $6.8 $3.9 $87.0 $14.7 $72.3 $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 3Q25 Operating Cash Flow PP&E Acquisition of Other Intangible Assets FCF Before Growth Investment Investments In JRSA Lease Equipment 3Q25 Free Cash Flow S E P T E M B E R Y T D 2 0 2 6 ( $ I N M I L L I O N S ) S E P T E M B E R Y T D 2 0 2 5 ( $ I N M I L L I O N S ) Maintenance CAPEX Growth CAPEX (1)See appendix for reconciliation and definition of non-GAAP financial results SEP YTD 2026 Adjusted EBITDA to Free Cash Flow Conversion of ~50%
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A P P E N D I X I M A X I N V E S T O R P R E S E N T A T I O N
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I M A X I N V E S T O R P R E S E N T A T I O N Content Solutions 36.9% All Other 1.9% Technology Products & Services 61.3% Domestic 38.1% Greater China 24.9% Rest of World 36.9% 32 The Business of IMAX – the Most Premium, Innovative Platform for Cinema • IMAX is a global entertainment, technology, and distribution company known for its innovative, patented technology that transforms a movie into an experience. • IMAX is also a Hollywood insider, partnering with the world’s most celebrated filmmakers to enhance their biggest blockbusters and documentaries. • IMAX’s primary sources of revenue consist of: (1) sale/lease of IMAX systems, which includes the provision of annual recurring maintenance fees; and (2) a share of box office receipts from studios for the remastering and distribution of films across the IMAX network. 2 0 2 5 S e g m e n t R e v e n u e B r e a k d o w n 2 0 2 5 G e o g r a p h i c R e v e n u e B r e a k d o w n $410M 2 0 2 5 R e v e n u e $185M 2 0 2 5 To t a l A d j . E B I T D A ( 1 ) (1) Non-GAAP financial measure. See appendix for reconciliation and definition of non-GAAP financial results
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I M A X I N V E S T O R P R E S E N T A T I O N 33 Segment Customer Revenue Streams 2025 Revenue Comments Content Solutions (37% of 2025 total IMAX Revenue at a 66% gross margin) Studios and Other Content Creators Film Remastering & Distribution $142M (11% of IMAX Box Office) IMAX earns a percentage of box office from studios for remastering and distribution of films in the IMAX network. Revenue is recognized as box office is earned. Film remastering costs are capitalized and depreciated over the IMAX run. Marketing costs are expensed as incurred. Other Content Solutions $9M Includes revenue and costs associated with documentaries and alternative content as well as miscellaneous post-production work. Technology Products & Services (61% of 2025 total IMAX Revenue at a 57% gross margin) Global Exhibitors (Master contract by exhibitor, individual system contract length is typically 10 to 12 years) System Sales $94M Includes revenue and costs recognized in the period of sale from sales and hybrid sales contracts. For hybrid sales contracts as well as for renewals, contingent consideration is estimated based on future estimated box office receipts. This stream also includes sales of IMAX system parts and 3D glasses. System Rentals $81M (6% of IMAX Box Office) Includes rental revenue and costs from joint revenue sharing (JRSA) and hybrid JRSA contracts. System rental revenue is based on a contractual share of box office from the exhibitor. Costs reflects depreciation of the system assets (IMAX Capex) over the life of the contract. Maintenance $64M Annual maintenance fees are included in all exhibitor contracts. Finance Income $12M Finance Income is recognized over time based on the embedded interest rate within our sales arrangements. All Other (2% of 2025 total IMAX Revenue at a 42% gross margin) Primarily Streaming and Consumer Technology customers All Other $8M Includes revenues from businesses that do not meet criteria to be a reportable segment. Primarily includes revenues from IMAX’s Streaming & Consumer technology business which includes licensing arrangements with equipment manufacturers and software that help optimize the bandwidth required and cost associated with streaming and broadcasting content. Appendix: How IMAX Makes Money 33
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I M A X I N V E S T O R P R E S E N T A T I O N 34 In this presentation, the Company presents adjusted net income attributable to common shareholders and adjusted net income attributable to common shareholders per diluted share, EBITDA, Adjusted EBITDA per Credit Facility, Adjusted EBITDA margin and free cash flow as supplemental measures of the Company’s performance, which are not recognized under U.S. GAAP. A reconciliation from net income (loss) attributable to common shareholders and net income (loss) attributable to common shareholders per diluted share to adjusted net income attributable to common shareholders and adjusted net income attributable to common shareholders per diluted share is presented in the table below. Net income (loss) attributable to common shareholders and net income (loss) attributable to common shareholders per diluted share are the most directly comparable U.S. GAAP measures because they reflect the earnings relevant to the Company’s shareholders, rather than the earnings attributable to non-controlling interests. Adjusted net income or loss attributable to common shareholders and adjusted net income or loss attributable to common shareholders per basic and diluted share exclude, where applicable: (i) share-based compensation; (ii) realized and unrealized investment gains or losses; (iii) goodwill impairment; (iv) restructuring charges and other impairments; and (v) employee retention credits, as well as the related tax impact of these adjustments. The Company believes that these non-GAAP financial measures are important supplemental measures that allow management and users of the Company’s financial statements to view operating trends and analyze controllable operating performance on a comparable basis between periods without the after-tax impact of share-based compensation and certain unusual items included in net income attributable to common shareholders. Although share-based compensation is an important aspect of the Company’s employee and executive compensation packages, it is a non-cash expense and is excluded from certain internal business performance measures. In addition to the non-GAAP financial measures discussed above, management also uses “EBITDA,” as such term is defined in the Credit Agreement, and which is referred to herein as “Adjusted EBITDA per Credit Facility” as well as “Adjusted EBITDA margin.” As defined in the Credit Agreement, Adjusted EBITDA per Credit Facility includes adjustments in addition to the exclusion of interest, taxes, depreciation and amortization. Accordingly, this non-GAAP financial measure is presented to allow a more comprehensive analysis of the Company’s operating performance and to provide additional information with respect to the Company’s compliance with its Credit Agreement requirements, when applicable. In addition, the Company believes that Adjusted EBITDA per Credit Facility and Adjusted EBITDA margin present relevant and useful information widely used by analysts, investors and other interested parties in the Company’s industry to evaluate, assess and benchmark the Company’s results. EBITDA is defined as net income or loss excluding: (i) income tax expense or benefit; (ii) interest expense, net of interest income; (iii) depreciation and amortization, including film asset amortization; and (iv) amortization of deferred financing costs. Total Adjusted EBITDA is defined as EBITDA excluding: (i) share-based and other non-cash compensation expense; (ii) realized and unrealized investment losses or gains; (iii) restructuring charges and other impairments; (iv) write-downs including goodwill, asset impairments and credit loss expense or reversal and (v) induced conversion expense on settlement of convertible notes. Adjusted EBITDA per Credit Facility is defined as EBITDA excluding: (i) share-based and other non-cash compensation; (ii) realized and unrealized investment gains or losses; (iii) restructuring charges and other impairments; (iv) write-downs, net of recoveries, including goodwill, asset impairments and credit loss expense or reversal and (v) induced conversion expense on settlement of convertible notes. Total Adjusted EBITDA Margin is defined as Total Adjusted EBITDA divided by revenue. A reconciliation of net income (loss) attributable to common shareholders, which is the most directly comparable GAAP measure, to EBITDA, Adjusted EBITDA per Credit Facility and Adjusted EBITDA Margin is presented in the table below. Net income (loss) attributable to common shareholders is the most directly comparable U.S. GAAP measure because it reflects the earnings relevant to the Company’s shareholders, rather than the earnings attributable to non-controlling interests. In this presentation, the Company also presents free cash flow, which is not recognized under U.S. GAAP, as a supplemental measure of the Company’s liquidity. The Company’s definition of free cash flow deducts only normal recurring capital expenditures, including the Company’s investment in joint revenue sharing arrangements, the purchase of property, plant and equipment and the acquisition of other intangible assets (from the Condensed Consolidated Statements of Cash Flows), from net cash provided by or used in operating activities. Management believes that free cash flow is a supplemental measure of the cash flow available to reduce debt, add to cash balances, and fund other financing activities. Free cash flow does not represent residual cash flow available for discretionary expenditures. A reconciliation of cash used in operating activities to free cash flow is presented below. U S E O F N O N - G A A P F I N A N C I A L M E A S U R E S
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I M A X I N V E S T O R P R E S E N T A T I O N 35 3 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 3 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 $ I N T H O U S A N D S , E X C E P T E P S D A T A Net Income Per Diluted Share Net Income Per Diluted Share Net Income Per Diluted Share Net Income Per Share Net Income Attributable to Common Shareholders $ 113,805 $ 1.96 $ 20,657 $ 0.37 $ 133,433 $ 2.35 $ 34,239 $ 0.62 Adjustments: Share-Based Compensation 9,639 0.17 6,194 0.11 22,494 0.39 18,534 0.34 Unrealized Investment Gains (38) - (34) - (92) - (99) - Goodwill impairment 6,788 0.12 - - 6,788 0.12 Restructuring Charges and Other Impairments - - - - 2,294 0.04 843 0.01 Employee Retention Credits - - (144) - - - (3,971) (0.07) Tax Impact on Items Listed Above (2,274) (0.04) (433) (0.01) (3,218) (0.06) (1,521) (0.03) Adjusted Net Income (1) $ 127,920 $ 2.21 $ 26,240 $ 0.47 $ 161,699 $ 2.84 $ 48,025 $ 0.87 Weighted Average Shares Outstanding - Basic 55,023 53,788 54,698 53,561 Weighted Average Shares Outstanding – Diluted 58,007 55,565 56,897 55,242 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — A D J U S T E D N E T I N C O M E (1) As a result of the valuation allowance release in 2026 the calculated tax impact as a percentage of the related non-GAAP adjustments is higher than in the comparative prior year period
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I M A X I N V E S T O R P R E S E N T A T I O N 36 $ I N T H O U S A N D S 3 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 3 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 Revenues $ 174,552 $ 106,654 $358,773 $285,005 Net Income $ 117,079 $ 22,616 $ 139,058 $43,001 Add (Subtract): Income Tax (Recovery) Expense (43,302) 5,205 37,374 13,688 Interest Expense, Net of Interest Income 541 766 2,223 1,857 Depreciation and Amortization, Including Film Asset Amortization 26,815 15,611 57,736 46,415 Amortization of Deferred Financing Costs 528 508 1,584 1,492 EBITDA $ 101,661 44,706 $ 163,227 $ 106,453 Share-based and Other Non-Cash Compensation 9,866 6,284 23,040 19,050 Unrealized Investment Gains (38) (34) (92) (99) Restructuring Charges and Other Impairments - - 2,294 843 Write-downs, Including Goodwill, Asset Impairments and Credit Loss Expense 9,408 853 10,903 1,590 Total Adjusted EBITDA $120,897 51,809 $199,372 $127,837 Less: Non-Controlling Interest $ (5,647) $ (3,850) $ (11,684) $(15,148) Adjusted EBITDA Per Credit Facility – Attributable to Common Shareholders $ 115,250 $ 47,959 $ 187,688 $112,689 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — A D J U S T E D E B I T D A
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I M A X I N V E S T O R P R E S E N T A T I O N 37 $ I N T H O U S A N D S 1 2 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 1 2 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 Revenues $ 483,980 $ 377,677 Net Income $ 141,583 $ 49,867 Add (Subtract): Income Tax (Recovery) Expense (33,295) 15,146 Interest Expense, Net of Interest Income 2,944 2,522 Depreciation and Amortization, Including Film Asset Amortization 73,762 63,021 Amortization of Deferred Financing Costs 2,076 1,984 EBITDA $ 187,070 $ 132,540 Share-based and Other Non-Cash Compensation 30,814 24,998 Unrealized Investment Losses (Gains) 874 (132) Restructuring Charges and Other Impairments 3,929 4,592 Write-downs, Including Goodwill, Asset Impairments and Credit Loss Expense 18,524 3,042 Induced Conversion Expense on Settlement of Convertible Notes 15,264 - Total Adjusted EBITDA $ 256,475 $ 165,040 Less: Non-Controlling Interest $ (15,729) $ (18,138) Adjusted EBITDA Per Credit Facility – Attributable to Common Shareholders $ 240,746 $ 146,902 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — A D J U S T E D E B I T D A
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I M A X I N V E S T O R P R E S E N T A T I O N 38 1 2 M O N T H S E N D E D D E C E M B E R 3 1 , 2 0 2 5 1 2 M O N T H S E N D E D D E C E M B E R 3 1 , 2 0 2 4 $ I N T H O U S A N D S , E X C E P T E P S D A T A Net Income Per Diluted Share Net Income Per Diluted Share Net Income Attributable to Common Shareholders $ 34,876 $ 0.63 $ 26,059 $ 0.48 Adjustments: Share-Based Compensation 26,133 0.47 22,454 0.42 Unrealized Investment Losses (Gains) 867 0.02 (127) - Goodwill Impairment 7,000 0.13 - - Restructuring Charges and Other Impairments 2,447 0.04 3,749 0.07 Employee Retention Credits (3,971) (0.07) - - Included Conversion Expense on Settlement of Convertible Notes 15,264 0.27 - - Tax Impact on Items Listed Above (2,032) (0.04) (1,125) (0.02) Adjusted Net Income $ 80,548 $ 1.45 $ 51,010 $ 0.95 Weighted Average Basic Shares Outstanding 53.636 52,650 Weighted Average Diluted Shares Outstanding 55,544 53,864 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — A D J U S T E D N E T I N C O M E
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I M A X I N V E S T O R P R E S E N T A T I O N 39 $ I N T H O U S A N D S 1 2 M O N T H S E N D E D D E C E M B E R 3 1 , 2025 1 2 M O N T H S E N D E D D E C E M B E R 3 1 , 2024 Revenues $ 410,212 $ 352,208 Reported Net Income $ 45,526 $ 32,702 Add (Subtract): Income Tax Expense 17,767 4,996 Interest Expense, Net of Interest Income 2,578 3,936 Depreciation and Amortization, Including Film Asset Amortization 62,446 65,503 Amortization of Deferred Financing Costs 1,984 1,969 EBITDA $ 130,301 $ 109,106 Share-based and Other Non-Cash Compensation 26,824 23,209 Unrealized Investment Losses (Gains) 867 (127) Restructuring Charges and Other Impairments 2,478 3,749 Write-downs, Including Goodwill, Asset Impairments and Credit Loss Expense 9,211 2,999 Induced Conversion Expense on Settlement of Convertible Notes 15,264 - Total Adjusted EBITDA $ 184,945 $ 138,936 Less: Non-Controlling Interest $ (19,193) $ (14,191) Adjusted EBITDA Per Credit Facility – Attributable to Common Shareholders $ 165,752 $ 124,745 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — A D J . E B I T D A
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I M A X I N V E S T O R P R E S E N T A T I O N 40 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 6 9 M O N T H S E N D E D S E P T E M B E R 3 0 , 2 0 2 5 $ I N T H O U S A N D S Net Cash Provided by Operating Activities $ 122,119 $ 97,694 Purchase of Property, Plant and Equipment (4,095) (6,750) Acquisition of Other Intangible Assets (3,692) (3,915) Free Cash Flow Before Growth CAPEX $ 114,332 $ 87,029 Investment in Equipment for Joint Revenue Sharing Arrangements (13,985) (24,114) Free Cash Flow $ 100,347 $ 62,915 N O N - G A A P F I N A N C I A L R E C O N C I L I A T I O N — F R E E C A S H F L O W