Market Overview

Cineplex Inc. Reports Fourth Quarter and Record Annual Results

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TORONTO, Feb. 15, 2019 /CNW/ - (TSX:CGX) - Cineplex Inc. ("Cineplex") today released its financial results for the three months and year ended December 31, 2018.  Unless otherwise specified, all amounts are in Canadian dollars.

Cineplex Entertainment LP (CNW Group/Cineplex)

Fourth Quarter Results


2018

2017

Period over Period

Change (i)

Total revenues

$

428.2

million

$

426.3

million

0.4%

Theatre attendance

17.0

million

17.6

million

-3.2%

Net income

$

27.2

million

$

28.8

million

-5.7%

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

$

10.73


$

10.54


1.8%

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

$

6.53


$

6.29


3.8%

Adjusted EBITDA (ii)

$

81.6

million

$

79.6

million

2.5%

Adjusted EBITDA margin (ii)

19.1

%

18.7

%

0.4%

Adjusted free cash flow (ii)

$

59.4

million

$

51.3

million

15.8%

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

$

0.939


$

0.810


15.9%

Earnings per Share ("EPS") - basic

$

0.43


$

0.45


-4.4%

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

$

0.43


$

0.46


-6.5%

EPS - diluted

$

0.43


$

0.45


-4.4%

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

$

0.43


$

0.46


-6.5%

Full Year Results


2018

2017

Period over Period

Change (i)

Total revenues

$

1,614.8

million

$

1,555.1

million

3.8%

Theatre attendance

69.3

million

70.4

million

-1.6%

Net income

$

77.0

million

$

70.3

million

9.4%

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

$

10.46


$

10.17


2.9%

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

$

6.36

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