IMAX (IMAX) Fireside Chat summary

Introduction and agenda

• First hosted executive fireside, with questions from participants and pre-submitted queries included in the discussion.

• Forward-looking statements were highlighted, with a reminder of associated risks and reference to FCC filings for further details.

Background and experience of the speaker

• Daniel Manwaring has spent 20 years in China, starting in finance and then a decade in the film industry before joining IMAX.

• He has witnessed IMAX's growth in China, joining the company two years ago.

Current industry trends

• IMAX holds about 50% of the premium format box office in China, with premium formats making up 7.5%-7.7% of the total box office.

• Consumer demand for premium experiences is rising, mirroring global trends.

• The Chinese New Year film slate is robust, featuring sequels to successful IPs and high expectations for box office performance.

• The Film Bureau is increasingly supportive, allowing more Hollywood films with fewer cuts and fostering industry growth.

• 2024 saw lower box office due to a prevalence of low-budget local films, but 2025 is expected to feature higher budgets and more blockbusters.