The Marcus (MCS) Investor presentation summary

Business overview and strategy

• Operates as a diversified entertainment and hospitality company with theatres and hotels across the U.S., managing 985 screens in 78 locations and 17 hotel properties in 8 states.

• Fourth largest U.S. theatre exhibitor and manages over 4,650 hotel rooms, 40+ F&B outlets, and 345,000+ sq. ft. of event space.

• Focuses on competitive advantages, experienced operations, history of outperformance, growth potential, strong balance sheet, and shareholder value creation.

• Significant real estate ownership, with 62% of theatres and seven hotels owned, reducing lease payments and enhancing free cash flow.

• Invested $581 million in assets over the past decade to modernize theatres and hotels.

Financial performance

• Fiscal 2025 revenues reached $758.5M, with Adjusted EBITDA of $99.3M and a margin of 13.8%.

• Market capitalization as of March 2026 was approximately $538.3M.

• Q4 2025 saw revenue, operating income, and Adjusted EBITDA increases, outperforming industry benchmarks.

• Hotels & Resorts segment reported a 5% revenue increase and 3.4% Adjusted EBITDA growth in Q4 2025.

• Fiscal 2025 benefited from a fiscal calendar change, adding six operating days compared to 2024.

Operational highlights

• Theatres feature luxury recliner seating in 86% of company-owned locations and 88% of screens, with 83% offering premium large format screens.

• Expanded food and beverage offerings in 69% of theatres, with 26% offering in-theatre dining and 62% full liquor service.

• Hotels regularly renovated, with recent major investments in The Lofton Hotel, Grand Geneva Resort, The Pfister Hotel, and Hilton Milwaukee.

• Group travel demand remains strong, with 91% of Americans planning to travel in 2026 and RevPAR growth expected to resume.