IMAX (IMAX) Wells Fargo 8th Annual TMT Summit summary

Business overview and differentiation

• Operates as a technology provider with a premium brand and global distribution, not as a theater operator.

• Offers immersive viewing experiences through advanced projection, sound, and design, serving both exhibitors and studios.

• Over 1,700 commercial locations worldwide, making it the most scaled premium platform.

• IMAX window is a key part of content release strategies for studios.

2024 performance and outlook

• Box office rebounded with strong titles like Inside Out 2, Dune, and Godzilla x Kong, despite some content gaps in China.

• Q4 box office expected to be up at least 50% year-over-year, with record Thanksgiving results.

• Full-year box office tracking between $950M and $975M, building momentum for 2025.

• Installations are on track for the high end of 130–150 guidance, with a shift toward joint revenue-sharing deals.

2025 and beyond: slate and market share

• Over 14 movies slated to be filmed for IMAX in 2025, an all-time high, driven by a virtuous cycle of demand from filmmakers and studios.

• Visibility into 2025–2028 slates is stronger than ever, supporting market share gains (up 25% from pre-pandemic).

• 2025 guidance of over $1.2B in box office, with major titles like Mission: Impossible, Marvel, Superman, Avatar, and more.

• Guidance factors in known films and conservative estimates for undated periods, with China expected to improve but not fully return to pre-pandemic levels.