Cinemark Holdings, Inc. Reports Results for Third Quarter 2009

PLANO, Texas–(BUSINESS WIRE)– Cinemark Holdings, Inc. (NYSE: CNK), a leading motion picture exhibitor, today reported results for the three and nine months ended September 30, 2009.

Cinemark Holdings, Inc.’s attendance for the three months ended September 30, 2009 increased by 4.5% compared to the three months ended September 30, 2008. The Company’s total revenues for the three months ended September 30, 2009 increased 4.3% to $496.8 million from $476.2 million for the three months ended September 30, 2008. During the three months ended September 30, 2009, admissions revenues increased 4.7% to $322.9 million and concession revenues increased 4.7% to $153.0 million.

Adjusted EBITDA for the three months ended September 30, 2009 increased 2.6% to $104.8 million from $102.1 million for the three months ended September 30, 2008. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the three months ended September 30, 2009 increased 2.8% to $21.0 million compared to $20.4 million for the three months ended September 30, 2008. Earnings per diluted share attributable to Cinemark Holdings, Inc. were $0.19 for the three months ended September 30, 2009 and the three months ended September 30, 2008.

“Our growth outpaced the domestic industry box office for the fourth consecutive quarter as our state-of-the-art theatres in diversified markets and organic screen growth continue to drive positive results,” stated Alan Stock, Cinemark’s Chief Executive Officer. “South American countries continue to outpace the U.S. economic recovery and we continue to benefit from solid industry trends and the expansion of our international portfolio. The fourth quarter box office is off to a good start, as patrons continue to enjoy the cinema as an exciting, low cost form of entertainment. We are optimistic about the incremental growth opportunities ahead of us including our digital cinema and XD Extreme Digital initiatives, both of which will allow us to take advantage of the continued expansion of 3D and alternative content and contribute to our long-term growth.”

Cinemark Holdings, Inc.’s attendance for the nine months ended September 30, 2009 increased by 9.1% compared to the nine months ended September 30, 2008. The Company’s total revenues for the nine months ended September 30, 2009 increased 7.9% to $1,440.1 million from $1,334.5 million for the nine months ended September 30, 2008. During the nine months ended September 30, 2009, admissions revenues increased 8.9% to $941.9 million and concession revenues increased 7.9% to $441.9 million.

Adjusted EBITDA for the nine months ended September 30, 2009 increased 13.1% to $323.6 million from $286.1 million for the nine months ended September 30, 2008. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Net income attributable to Cinemark Holdings, Inc. for the nine months ended September 30, 2009 increased 38.9% to $57.2 million from $41.2 million for the nine months ended September 30, 2008. Earnings per diluted share attributable to Cinemark Holdings, Inc. were $0.52 for the nine months ended September 30, 2009 compared to $0.38 for the nine months ended September 30, 2008.

On September 30, 2009, the Company’s aggregate screen count was 4,908. As of September 30, 2009, the Company had signed commitments to open three new theatres with 30 screens by the end of 2009 and open ten new theatres with 112 screens subsequent to 2009.