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Cineplex Galaxy Income Fund 2006 First Quarter

Cineplex Galaxy Income Fund 2006 First Quarter. Cineplex Entertainment Circuit. Cineplex Odeon. Famous Players. Galaxy Cinemas. Theatres: 51 Screens: 491. Theatres: 54 Screens: 573. Theatres: 24 Screens: 205. Famous Players Acquisition - Rationale.

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Cineplex Galaxy Income Fund 2006 First Quarter

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  1. Cineplex Galaxy Income Fund 2006 First Quarter

  2. Cineplex Entertainment Circuit Cineplex Odeon Famous Players Galaxy Cinemas Theatres: 51Screens: 491 Theatres: 54Screens: 573 Theatres: 24Screens: 205

  3. Famous Players Acquisition - Rationale The leading film exhibitor in Canada Accretive to distributable cash Complementary operations will lead to cost savings Opportunities to increase distributable cash through revenue growth Increase advertising market share and other income Addition of high quality theatres in metropolitan markets Superior combined management

  4. Box Office Market Share Combined After Divestiture Cineplex Galaxy Cineplex Galaxy32.1% Cineplex Entertainment64.2% Empire 13.6% Other 6.9% Other 9.8% AMC 6.3% AMC 6.3% Empire 6.0% Landmark 3.1% Landmark 3.1% Guzzo 3.0% Guzzo 3.0% Famous Players42.6% Market Share of Canadian Box Office Revenues Source: A.C. Nielsen EDI data

  5. Six Top-Tier Brands Colossus3 theatres Coliseum4 theatres SilverCity22 theatres Cineplex Odeon51 theatres Galaxy24 theatres Famous Players25 theatres

  6. Industry overview

  7. Consistent Long-Term Box Office Revenue Growth CAGR since 1965: 5.6% Canadian Recessionary Periods Canadian Box Office Revenue1965 - 2006

  8. Industry Box Office 2005 Q1 2006 Canadian Industry* -8.6% +2.0% Cineplex Entertainment -6.1% +2.3%(same store) * Source: Motion Picture Theatre Associations of Canada

  9. Highest Grossing Films in 2005 Star Wars: Episode III$380 M Harry Potter and Goblet of Fire$244 M War of the Worlds$234 M Wedding Crashers$209 M Charlie and the Chocolate Factory$206 M

  10. Upcoming Films for 2006 CarsJune 2006 Casino RoyaleNovember 2006 ClickJune 2006 Superman ReturnsJune 2006 Pirates of the Caribbean 2July 2006 Charlottes WebDecember 2006 Happy FeetNovember 2006 The Santa Clause 3November 2006 X-Men May 2006

  11. Company overview

  12. Increasing Revenue per Guest $12.28 $12.33 $11.23 $10.84 $10.27 $9.83 Revenue per Guest

  13. Significant Other Revenue Contribution $62.5 $44.3 $22.8 $20.9 $17.4 $13.4 Other Revenues($ millions) 2005 excludes divestitures and includes FP for partial yearPro forma excludes divestitures

  14. Synergies Reducing overhead costs and adopting best practices Consolidating two head offices Staff reductions Adopting best practices Enhanced revenues Operating savings Media sales efficiencies and effectiveness Creation of Cineplex Media Improved purchasing and merchandising opportunities Supplier contracts Merchandising strategies Concession management Three Core Synergies:

  15. Acquisition Synergies Prospectus Q1 Current Annualized Synergies: ($ millions) General and Administrative $15 $15 $15 Media 5 5 9 Operations - 5 6 Total $20 $25 $30

  16. Looking Into the Future Leverage Over 60 Million Guests MagazineIn-TheatreInteractive Media-WebLoyaltyNaming Rights

  17. Marketing

  18. Growth Other income initiatives Digital pre-show network Cineplex Media Alternative programming Merchandising Theatre openings

  19. Digital Pre-Show Network Rollout Plan Phase 1: Phase 2: April 1 LaunchToronto Extended Market Area- 21 Locations; 215 Screens CompleteNationwide - Additional 800+ ScreensTOTAL 89 theatres & 1020 screens

  20. Cineplex Media Magazine publishing: Famous Magazine, Famous Kids, Famous Quebec In-theatre advertising: Magazine, onscreen, posters, monitors, buildings, naming rights

  21. Alternative Programming

  22. Merchandising $3.72 $3.44 $3.04 $0.56 $0.39 $0.20 Concession Per Patron

  23. The Best Partners

  24. New Theatres for 2006/07 Brand Location Screens Opening Galaxy Milton 8 June Cineplex Odeon Brossard 16 June Galaxy Saskatoon 12 July Galaxy Brockville 6 July Cineplex Odeon Oshawa 10 November Galaxy Collingwood 7 December SilverCity Burloak 12 2007 7 Theatres 71 Screens

  25. Financial highlights

  26. Annual Total Revenue 1,275 1,269 775 740 $740.0 394 678 613 $490.3 $353.7 $330.0 $316.4 $250.2 $197.5 Screen Count ($ millions) 2005 excludes divestitures and includes FP for partial year

  27. Annual Attendance (millions) 2005 excludes divestitures and includes FP for partial year

  28. Annual EBITDA EBITDA Margin Adjusted EBITDA Margins – LTM March 2005: CGX 20.2% FP 9.0% ($ millions) 2005 EBITDA excludes divestitures and non-recurring/transaction related items and includes FP for partial year

  29. Total Revenue Q1 2006 +3.2% ($ millions)

  30. Q1 2006 Attendance +0.9% (millions)

  31. Q1 2006 Adjusted EBITDA +282% Margin 15.4% 4.1% 11.2% ($ millions)

  32. Credit Facilities Development facility Available - $60 million Working capital facility Available - $50 million Term facility Drawn - $235 million

  33. Questions

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