Market Overview

Cineplex Inc. Reports Record Third Quarter Results

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TORONTO, Nov. 14, 2018 /CNW/ - (TSX:CGX) - Cineplex Inc. ("Cineplex") today released its financial results for the three and nine months ended September 30, 2018.  Unless otherwise specified, all amounts are in Canadian dollars.

Cineplex (CNW Group/Cineplex)

Third Quarter Results






2018

2017

Period over Period

Change (i)

Total revenues

$

386.7

million

$

370.4

million

4.4%

Theatre attendance

17.2

million

16.8

million

2.6%

Net income

$

10.2

million

$

17.2

million

-40.7%

Box office revenues per patron ("BPP") (ii)

$

10.07


$

9.81


2.7%

Concession revenues per patron ("CPP") (ii)

$

6.25


$

6.01


4.0%

Adjusted EBITDA (ii)

$

53.4

million

$

58.8

million

-9.3%

Adjusted EBITDA margin (ii)

13.8

%

15.9

%

-2.1%

Adjusted free cash flow (ii)

$

36.5

million

$

37.9

million

-3.7%

Adjusted free cash flow per common share of Cineplex ("Share") (ii)

$

0.576


$

0.597


-3.5%

Earnings per Share ("EPS") - basic

$

0.16


$

0.27


-40.7%

EPS excluding change in fair value of financial instrument - basic (ii)

$

0.16


$

0.24


-33.3%

EPS - diluted

$

0.16


$

0.27


-40.7%

EPS excluding change in fair value of financial instrument - diluted (ii)

$

0.16


$

0.24


-33.3%

Year to Date Results






2018

2017

Period over Period

Change (i)

Total revenues

$

1,186.6

million

$

1,128.8

million

5.1%

Theatre attendance

52.3

million

52.8

million

-1.1%

Net income

$

49.8

million

$

41.6

million

19.8%

Box office revenues per patron ("BPP") (ii)

$

10.37


$

10.04


3.3%

Concession revenues per patron ("CPP") (ii)

$

6.31


$

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