Financial PerformanceExpect stronger financial trends in the second half of the year based on an attractive movie slate including major franchises and balance sheet risk lowered following refinancing with maturity schedules pushed out towards the end of the decade.
Market Share And ExpansionCineplex is the dominant motion picture exhibitor in Canada with over three-quarters of the box office share and is pursuing growth opportunities, including expanding its Cineplex Digital Media and increasing the LBE footprint.
Strategic Financial ManagementCineplex secured a new $100mm revolver and issued $575mm of secured notes, repaid existing credit facilities/notes and redeemed $100mm of convertible debentures, indicating a proactive approach to managing its debt profile.