Cinemark Holdings, Inc. (NYSE:CNK) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET

Company Participants

Chanda Brashears - Senior Vice President, Investor Relations

Sean Gamble - President & Chief Executive Officer

Melissa Thomas - Chief Financial Officer

Conference Call Participants

Eric Handler - MKM Partners

Ben Swinburne - Morgan Stanley

Robert Fishman - MoffettNathanson

Jim Goss - Barrington Research

Joe Cardoso - JPMorgan

Eric Wold - B. Riley

Operator

Greetings. Welcome to Cinemark Inc. Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host Chanda Brashears. You maybegin.

Chanda Brashears

Good morning, everyone. At this time, I would like to welcome you to Cinemark Holdings, Inc.’s second quarter 2022 earnings release conference call, hosted by Sean Gamble, President and CEO; and Melissa Thomas, CFO.

Before we begin, I would like to remind everyone that statements or comments made on this conference call may be forward-looking statements. Forward-looking statements may include, but are not necessarily limited to, financial projections or other statements of the company’s plans, objectives, expectations, or intentions.

These matters involve certain risks and uncertainties. The company's actual results may materially differ from forward-looking projections due to a variety of factors. Information concerning the factors that would cause results to differ materially is contained in the company's most recently filed 10-K.

Also today’s call may include non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the company's most recently filed earnings release, 10-Q, and on the company's website at ir.cinemark.com.

In today's prepared commentary regarding comparisons, we will be referring back to the second quarter of 2019 unless otherwise indicated as the second quarter of 2021 was severely impacted by COVID closures, government restrictions, and limited new film releases.

I would now like to turn the call over to Sean Gamble.

Sean Gamble

Thank you, Chanda, and good morning, everyone. We appreciate you joining us to discuss our second quarter 2022 results. Following numerous examples of strong individual film performance in the first quarter that delivered results in line or better than pre-pandemic expectations, the second quarter marked another significant step forward in the resurgence of the theatrical exhibition industry's recovery from COVID-19.