Cineworld Group - FY Results 2020

25 March 2021

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Overview

COVID-19 global pandemic has significantly impacted the industry and the Group's results

All sites across the Group closed since mid-March with a short re-opening during the summer

Re-opening starting 2nd April 2021

Key liquidity actions taken during closure including cost reduction to ensure cash preservation

Secured over >$800m additional liquidity in 2020 and anticipated to receive 200m tax refund by April 2021

Further liquidity secured in the form of a new $213m convertible bond

Group covenants waived until June 2022

Achieved significant cost cutting measures which will improve future performance post re-opening

Signed multi-year agreement with Warner this week

Note: % Indicate performance vs 2019

Net debt excludes shareholder liability of $202m

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Cineworld Group plc published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 09:04:03 UTC.