Cinemark Holdings, Inc.

Climate Impact & Sustainability Data (2022, 2023, 2023-09-30, 2024-09)

Held annual service days for team members through Cinemark Cares, supporting local and national charities.

Lingering effects of the COVID-19 pandemic, including reduced film releases and evolving consumer behavior.
Competition from streaming platforms and other forms of entertainment.
Supply chain constraints and inflationary impacts.
Labor shortages and rising wages.

Implemented cash preservation strategies during the pandemic (temporary personnel and salary reductions, halting non-essential expenditures, negotiating modified payments).
Expanding content pipeline and audience base.
Strengthening the company for long-term stability and growth.
Strategic pricing initiatives to offset inflationary pressures.
Sourcing products from a variety of partners to minimize supply chain interruptions and price increases.
Streamlining operations and increasing productivity.

Negotiating prices, volume-based rebates, and promotional-based rebates for concession supplies with vendors.
Sourcing products from a variety of partners to minimize supply chain interruptions and price increases.

Support the continuous development of professional, technical and leadership skills of our employees by offering tuition assistance, skills development courses and leadership development training in partnership with reputable institutions.
Employees in the U.S. are also encouraged to provide feedback about their experience through periodic employee engagement surveys.

Impact of COVID-19 Pandemic
Disruptions in the film production cycle
Hollywood writers’ and actors’ guild strikes
Reduced volume of film releases
Studios may release certain movie titles to their own streaming platforms either simultaneously with theatrical releases or bypass theatrical releases altogether.
Inflationary pressures, and to a lesser extent supply chain interruptions, have impacted, and may continue to impact, product costs and product availability.
Labor market conditions and inflationary pressures have driven increases in wages across our labor base and similar increases may continue in the future.

We reopened theatres as soon as local restrictions and the status of the COVID-19 pandemic would allow.
We obtain insurance against the risk of losses relating to some of these events, generally including certain physical damage to our property and resulting business interruption, certain injuries occurring on our property and some liabilities for alleged breach of legal responsibilities.
We source products from a variety of partners around the world to minimize supply chain interruptions and cost pressures, wherever possible.
We focus on identifying alternative products sourced from a variety of suppliers as well as implementing strategic pricing actions to help offset the impact of these pressures.
We have adopted security measures and technology, operate a security program, and work continuously to evaluate and improve our security posture.

Supply chain interruptions and inflationary pressures impacting product costs and availability.
Labor market conditions and inflationary pressures driving increases in wages.
Prolonged recovery of certain theatres’ operations and NCM’s business as a result of the COVID-19 pandemic.

Sourcing products from a variety of partners around the world to minimize supply chain interruptions and price increases.
Adjusting theatre staffing to respond to changes in attendance.
Strategic pricing initiatives to counteract inflationary pressures.

The success of the theatrical exhibition industry is contingent upon several key factors, including the volume of new film content available, which has been impacted by the effects of the COVID-19 pandemic and last year’s writers’ and actors’ guilds strikes (the “Hollywood strikes”), the box office performance of new film content released, the duration of the exclusive theatrical release window, and evolving consumer behavior with competition from other forms of in-and-out-of-home entertainment.

We source products from a variety of partners around the world to minimize supply chain interruptions and price increases, wherever possible.
Staffing levels may vary based on the amenities offered at each location, such as full-service restaurants, bars or expanded food and beverage options.
In certain international locations, staffing levels are also subject to local regulations, including minimum hour requirements.