EX-99.1

Exhibit 99.1

LOGO

CINEMARK HOLDINGS, INC. REPORTS RECORD REVENUES, NET INCOME, ADJUSTED EBITDA AND EPS FOR 2017 AND ANNOUNCES A 10% INCREASE IN ITS ANNUAL DIVIDEND

Plano, TX, February 23, 2018 – Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, today reported results for the three and twelve months ended December 31, 2017 and announced that its Board of Directors has increased its cash dividend by 10% to $1.28 per share of common stock on an annualized basis, effective immediately. The fourth quarter dividend of $0.32 will be paid on March 22, 2018 to stockholders of record on March 8, 2018.

Cinemark Holdings, Inc.’s total revenues for the three months ended December 31, 2017 were $750.0 million compared to $700.9 million for the three months ended December 31, 2016. For the three months ended December 31, 2017, admissions revenues increased 4.5% to $443.5 million and concession revenues increased 10.1% to $261.2 million. Average ticket price was $6.72 and concession revenues per patron was $3.96 for the three months ended December 31, 2017.

Net income attributable to Cinemark Holdings, Inc. for the three months ended December 31, 2017 was $95.1 million compared to $77.0 million for the three months ended December 31, 2016. Net income attributable to Cinemark Holdings, Inc. for the three months ended December 31, 2017 reflects the impact of new tax reform legislation that went into effect during December 2017. Diluted earnings per share for the three months ended December 31, 2017 was $0.82 compared to $0.66 for the three months ended December 31, 2016.

Adjusted EBITDA for the three months ended December 31, 2017 increased 11.5% to $187.5 million compared to $168.2 million for the three months ended December 31, 2016. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at investors.cinemark.com.

“We are thrilled to report our third consecutive year of record results in worldwide revenues, net income, Adjusted EBITDA and earnings per share,” stated Mark Zoradi, Cinemark Chief Executive Officer. “We were able to deliver these all-time highs in a box office environment that declined slightly year-over-year due to the successful execution of our strategic initiatives and the underlying strength of Cinemark’s operating fundamentals. Furthermore, during 2017 we surpassed North American industry box office results by 90 basis points and extended our outperformance trend to 32 of the past 36 quarters.”

Mr. Zoradi continued, “The on-going strength of our balance sheet and cash flows affords us a demonstrated ability to invest in long-term growth while returning capital to shareholders. Along these lines, we are excited to announce a 12 cent, or 10%, increase in our annual dividend resulting in a yield of approximately 3.2%. The Board based their decision to increase the dividend on the consistency of Cinemark’s financial performance, confidence in the exhibition industry, and cash benefits derived from U.S. tax reform.”

Cinemark Holdings, Inc.’s total revenues for the year ended December 31, 2017 increased 2.5% to $2,991.6 million from $2,918.8 million for the year ended December 31, 2016. For the year ended December 31, 2017, admissions revenues were $1,795.0 million and concession revenues increased 4.9% to $1,038.8 million. Average ticket price was $6.48 and concession revenues per patron was $3.75 for the year ended December 31, 2017.

Net income attributable to Cinemark Holdings, Inc. for the year ended December 31, 2017 was $264.2 million compared to $255.1 million for the year ended December 31, 2016. Net income attributable to Cinemark Holdings, Inc. for the year ended December 31, 2017 reflects the impact of new tax reform legislation that went into effect during December 2017. Diluted earnings per share for the year ended December 31, 2017 was $2.26 compared to $2.19 for the year ended December 31, 2016.

Adjusted EBITDA for the year ended December 31, 2017 increased 2.5% to $723.8 million from $706.1 million for the year ended December 31, 2016. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release and at investors.cinemark.com.

As of December 31, 2017, the Company’s aggregate screen count was 5,959 and the Company had commitments to open 17 new theatres and 127 screens during 2018 and seven new theatres and 70 screens subsequent to 2018.

Conference Call/Webcast – Today at 8:30 AM ET

Telephone: via 800-374-1346 or 706-679-3149 (for international callers).

Live Webcast/Replay: Available live at investors.cinemark.com. A replay will be available following the call and archived for a limited time.

About Cinemark Holdings, Inc.

Cinemark is a leading domestic and international motion picture exhibitor, operating 533 theatres with 5,959 screens in 41 U.S. states, Brazil, Argentina and 13 other Latin American countries as of December 31, 2017. For more information go to investors.cinemark.com.

Financial Contact:

Chanda Brashears – 972-665-1671 or cbrashears@cinemark.com

Media Contact:

James Meredith – 972-665-1060 or communications@cinemark.com

Forward-looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The “forward-looking statements” include our current expectations, assumptions, estimates and projections about our business and our industry. They include statements relating to future revenues, expenses and profitability, the future development and expected growth of our business, projected capital expenditures, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors and alternative forms of entertainment and determinations in lawsuits in which we are defendants. You can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the “Risk Factors” section or other sections in the Company’s Annual Report on Form 10-K filed February 23, 2018. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cinemark Holdings, Inc.

Financial and Operating Summary

(unaudited, in thousands, except per share amounts)


	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2017			2016			2017			2016
*Statement of income data:*
Revenues
Admissions	$	443,505		$	424,400		$	1,794,982		$	1,789,137
Concession		261,215			237,305			1,038,788			990,103
Other		45,274			39,213			157,777			139,525

Total revenues		749,994			700,918			2,991,547			2,918,765
Cost of operations
Film rentals and advertising		240,907			229,554			966,510			962,655
Concession supplies		42,203			37,470			166,320			154,469
Salaries and wages		93,192			81,932			354,510			325,765
Facility lease expense		79,628			79,390			328,197			321,294
Utilities and other		83,290			90,420			355,041			355,926
General and administrative expenses		40,281			34,212			153,278			143,355
Depreciation and amortization		62,968			53,197			237,513			209,071
Impairment of long-lived assets		5,484			513			15,084			2,836
Loss on sale of assets and other		13,348			9,474			22,812			20,459

Total cost of operations		661,301			616,162			2,599,265			2,495,830

Operating income		88,693			84,756			392,282			422,935
Interest expense⁽¹⁾		(26,710	)		(26,333	)		(105,918	)		(108,313	)
Loss on debt amendments and refinancing		(275	)		(161	)		(521	)		(13,445	)
Interest income		1,854			1,366			6,249			6,396
Foreign currency exchange gain (loss)		(1,125	)		3,572			893			6,455
Distributions from NCM		4,703			4,539			16,407			14,656
Equity in income of affiliates		9,218			7,365			35,985			31,962

Income before income taxes		76,358			75,104			345,377			360,646
Income taxes		(19,117	)		(2,183	)		79,358			103,819

Net income	$	95,475		$	77,287		$	266,019		$	256,827
Less: Net income attributable to noncontrolling interests		401			282			1,839			1,736

Net income attributable to Cinemark Holdings, Inc.	$	95,074		$	77,005		$	264,180		$	255,091

Earnings per share attributable to Cinemark Holdings, Inc.’s common stockholders
Basic	$	0.82		$	0.66		$	2.26		$	2.19

Diluted	$	0.82		$	0.66		$	2.26		$	2.19

Weighted average shares outstanding		116,076			115,852			116,059			115,783

Other Financial Data:
Adjusted EBITDA⁽²⁾	$	187,527		$	168,170		$	723,758		$	706,103

⁽¹⁾	Includes amortization of debt issuance costs.

⁽²⁾	Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of net income, the most directly comparable GAAP measure, to Adjusted EBITDA is provided in the financial schedules accompanying this press release.


	As of
	December 31,
	2017		2016
*Balance sheet data (unaudited, in thousands):*
Cash and cash equivalents	$	522,547	$	561,235
Theatre properties and equipment, net	$	1,828,054	$	1,704,536
Total assets	$	4,470,893	$	4,306,633
Long-term debt, including current portion, net of unamortized debt issue costs	$	1,787,480	$	1,788,112
Equity	$	1,405,688	$	1,272,960

Other Operating Data

(unaudited, in millions, except per patron data)


	U.S. Operating Segment							International Operating Segment												Consolidated
	Three Months Ended December 31,							Three Months Ended December 31,							Constant Currency ⁽¹⁾					Three Months Ended December 31,
	2017		2016		% Change			2017		2016		% Change			2017		% Change			2017		2016		% Change
Admissions revenues	$	353.4	$	341.3		3.5	%	$	90.1	$	83.1		8.4	%	$	90.3		8.7	%	$	443.5	$	424.4		4.5	%
Concession revenues	$	207.9	$	189.3		9.8	%	$	53.3	$	48.0		11.0	%	$	53.4		11.3	%	$	261.2	$	237.3		10.1	%
Other revenues	$	21.3	$	20.0		6.5	%	$	24.0	$	19.2		25.0	%	$	24.3		26.6	%	$	45.3	$	39.2		15.6	%
Total revenues	$	582.6	$	550.6		5.8	%	$	167.4	$	150.3		11.4	%	$	168.0		11.8	%	$	750.0	$	700.9		7.0	%
Attendance		44.3		44.6		(0.7	)%		21.7		20.9		3.8	%							66.0		65.5		0.8	%
Average ticket price	$	7.98	$	7.65		4.3	%	$	4.15	$	3.98		4.3	%	$	4.16		4.5	%	$	6.72	$	6.48		3.7	%
Concession revenues per patron	$	4.69	$	4.24		10.6	%	$	2.46	$	2.30		7.0	%	$	2.46		7.0	%	$	3.96	$	3.62		9.4	%


	U.S. Operating Segment				International Operating Segment						Consolidated
	Three Months Ended				Three Months Ended						Three Months Ended
	December 31,				December 31,						December 31,
	2017		2016		2017		2016		Constant Currency ⁽¹⁾ 2017		2017		2016
Film rentals and advertising	$	198.1	$	190.7	$	42.8	$	38.9	$	42.9	$	240.9	$	229.6
Concession supplies		30.7		27.4		11.5		10.1		11.5		42.2		37.5
Salaries and wages		71.3		65.1		21.9		16.9		22.3		93.2		82.0
Facility lease expense		59.9		61.0		19.7		18.4		19.7		79.6		79.4
Utilities and other		56.5		62.9		26.7		27.5		27.2		83.2		90.4


	U.S. Operating Segment							International Operating Segment												Consolidated
	Twelve Months Ended December 31,							Twelve Months Ended December 31,							Constant Currency ⁽³⁾					Twelve Months Ended December 31,
	2017		2016		% Change			2017		2016		% Change			2017		% Change			2017		2016		% Change
Admissions revenues	$	1,356.9	$	1,379.0		(1.6	)%	$	438.1	$	410.2		6.8	%	$	426.7		4.0	%	$	1,795.0	$	1,789.2		0.3	%
Concession revenues	$	790.1	$	764.6		3.3	%	$	248.7	$	225.5		10.3	%	$	243.4		7.9	%	$	1,038.8	$	990.1		4.9	%
Other revenues	$	75.1	$	73.6		2.0	%	$	82.7	$	65.9		25.5	%	$	81.5		23.7	%	$	157.8	$	139.5		13.1	%
Total revenues	$	2,222.1	$	2,217.2		0.2	%	$	769.5	$	701.6		9.7	%	$	751.6		7.1	%	$	2,991.6	$	2,918.8		2.5	%
Attendance		174.4		182.6		(4.5	)%		102.6		104.6		(1.9	)%							277.0		287.2		(3.6	)%
Average ticket price	$	7.78	$	7.55		3.0	%	$	4.27	$	3.92		8.9	%	$	4.16		6.1	%	$	6.48	$	6.23		4.0	%
Concession revenues per patron	$	4.53	$	4.19		8.1	%	$	2.42	$	2.16		12.0	%	$	2.37		9.7	%	$	3.75	$	3.45		8.7	%


	U.S. Operating Segment				International Operating Segment						Consolidated
	Twelve Months Ended				Twelve Months Ended						Twelve Months Ended
	December 31,				December 31,						December 31,
	2017		2016		2017		2016		Constant Currency ⁽¹⁾ 2017		2017		2016
Film rentals and advertising	$	756.4	$	768.9	$	210.1	$	193.8	$	205.1	$	966.5	$	962.7
Concession supplies		112.8		107.3		53.5		47.2		52.3		166.3		154.5
Salaries and wages		265.8		248.2		88.7		77.6		88.2		354.5		325.8
Facility lease expense		241.0		240.7		87.2		80.6		84.6		328.2		321.3
Utilities and other		241.6		250.9		113.4		105.0		111.6		355.0		355.9

⁽¹⁾

Constant currency amounts, which are non-GAAP measurements, were calculated using the average exchange rate for the corresponding month for 2016. We translate the results of our international operating segment from local currencies into U.S. dollars using currency rates in effect at different points in time in accordance with U.S. GAAP. Significant changes in foreign exchange rates from one period to the next can result in meaningful variations in reported results. We are providing constant currency amounts for our international operating segment to present a period-to-period comparison of business performance that excludes the impact of foreign currency fluctuations.

Segment Information

(unaudited, in thousands)


	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2017			2016			2017			2016
Revenues
U.S.	$	585,723		$	553,328		$	2,236,237		$	2,230,693
International		167,320			150,361			769,436			701,573
Eliminations		(3,049	)		(2,771	)		(14,126	)		(13,501	)

Total revenues	$	749,994		$	700,918		$	2,991,547		$	2,918,765

Adjusted EBITDA
U.S.	$	155,280		$	139,395		$	558,182		$	548,413
International		32,247			28,775			165,576			157,690

Total Adjusted EBITDA	$	187,527		$	168,170		$	723,758		$	706,103

Capital expenditures
U.S.	$	99,436		$	67,053		$	321,040		$	242,271
International		18,696			29,509			59,822			84,637

Total capital expenditures	$	118,132		$	96,562		$	380,862		$	326,908

Reconciliation of Adjusted EBITDA

(unaudited, in thousands)


	Three Months Ended December 31,						Twelve Months Ended December 31,
	2017			2016			2017			2016
Net income	$	95,475		$	77,287		$	266,019		$	256,827
Add (deduct):
Income taxes		(19,117	)		(2,183	)		79,358			103,819
Interest expense		26,710			26,333			105,918			108,313
Loss on debt amendments and refinancing		275			161			521			13,445
Other income		(9,947	)		(12,303	)		(43,127	)		(44,813	)
Other cash distributions from equity investees ⁽²⁾		8,652			12,255			25,973			21,916
Depreciation and amortization		62,968			53,197			237,513			209,071
Impairment of long-lived assets		5,484			513			15,084			2,836
Loss on sale of assets and other		13,348			9,474			22,812			20,459
Deferred lease expenses - theatres ⁽³⁾		(51	)		61			(329	)		(50	)
Deferred lease expenses - projectors ⁽⁴⁾		(198	)		(242	)		(939	)		(940	)
Amortization of long-term prepaid rents⁽³⁾		734			470			2,274			1,826
Share based awards compensation expense ⁽⁵⁾		3,194			3,147			12,681			13,394

Adjusted EBITDA⁽¹⁾	$	187,527		$	168,170		$	723,758		$	706,103

⁽¹⁾

Adjusted EBITDA as calculated in the chart above represents net income before income taxes, interest expense, other income, loss on debt amendments and refinancing, other cash distributions from equity investees, depreciation and amortization, impairment of long-lived assets, loss on sale of assets and other, changes in deferred lease expense, amortization of long-term prepaid rents and share based awards compensation expense. Adjusted EBITDA is a non-GAAP financial measure commonly used in our industry and should not be construed as an alternative to net income as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (as determined in accordance with GAAP). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. We have included Adjusted EBITDA because we believe it provides management and investors with additional information to measure our performance and liquidity, estimate our value and evaluate our ability to service debt. In addition, we use Adjusted EBITDA for incentive compensation purposes. Adjusted EBITDA margin represents Adjusted EBITDA divided by total revenues.

⁽²⁾	Represents cash distributions received from equity investees that were recorded as a reduction of the respective investment balances.

⁽³⁾	Non-cash expense included in facility lease expense.

⁽⁴⁾	Non-cash expense included in other theatre operating expenses.

⁽⁵⁾	Non-cash expense included in general and administrative expenses.