11

Canada’s #1 Film Exhibitor

22

Famous Players Acquisition – CircuitFamous Players Acquisition – Circuit

Locations: 75Screens: 689

Locations: 56 Screens: 591

33

Famous Players Acquisition - RationaleFamous 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 ancillary

income

Addition of High Quality theatres in Metropolitan Markets

Superior Combined Management

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 ancillary

income

Addition of High Quality theatres in Metropolitan Markets

Superior Combined Management

44

Famous Players Acquisition - TimelineFamous Players Acquisition - Timeline

Viacom launches

sale process

Jun 10 – Purchase

Agreement Signed

Aug 4 –Riocan

transaction completed

Aug 5 – Employee

integration /terminations

Aug 22 –Announce

Empiretransaction

Sep 30 – Close

Empire transaction

Jul 22 –Deal closed

Jul 22 –Closed Equity

And DebtFinancing

Jul 22 – Formal

Divestiture process

commences

Jul 29 – Organization

Structure Finalized

May 27 – Consent Order signed

Jan Feb Mar Apr May Jun Jul Aug Sep

2005

55

Famous Players Acquisition – FinancingFamous Players Acquisition – Financing

Gross Proceeds Number of Units

Subscription Receipts $110 million 6,835,000

6.0% Convertible Debentures (convertible at $18.75)

$105 million 5,600,000

Incremental Borrowing under Credit Facility

$259 million

Subsequent repayments of incremental borrowing

RioCan transaction $67 million

Empire sale (27 theatres)

$83 million

Remaining divestitures $TBD

66

Famous Players Acquisition - SynergiesFamous Players Acquisition - Synergies

Completed to Date:

Employee head count reduced by 35% - well on the way to meeting $20mm target

Head office employee integration/terminations completed August 5, 2005

Integration of financial reporting systems – October 2005

Acquired magazine and created 100% owned Cineplex Media Sales (former FP Media business was 51% owned by FP) – October 2005

Planned to Occur:

Vendor Contract negotiations

Operational efficiencies– Staffing models

Head office facility integration - December 31, 2005

Marketing efficiencies – single programs for all brands

Completed to Date:

Employee head count reduced by 35% - well on the way to meeting $20mm target

Head office employee integration/terminations completed August 5, 2005

Integration of financial reporting systems – October 2005

Acquired magazine and created 100% owned Cineplex Media Sales (former FP Media business was 51% owned by FP) – October 2005

Planned to Occur:

Vendor Contract negotiations

Operational efficiencies– Staffing models

Head office facility integration - December 31, 2005

Marketing efficiencies – single programs for all brands

77

Six Top-Tier BrandsSix Top-Tier Brands

SilverCity Colossus Coliseum

Famous Players

Paramount->Naming Rights

Cineplex Odeon Galaxy

88

Market Share of Canadian Box Office Revenues

Cineplex Galaxy Combined After Divestiture

Market Share of Canadian Box Office Revenues

Cineplex Galaxy Combined After Divestiture

AMC: 6.3%AMC: 6.3%

Cineplex Galaxy:32.1%

Cineplex Galaxy:32.1%

Famous Players:42.6%

Famous Players:42.6%

Empire: 6.0%Empire: 6.0%

Landmark: 3.1%Landmark: 3.1%Guzzo: 3.0%Guzzo: 3.0%

Other: 6.9%Other: 6.9%

Source: A.C. Nielsen EDI dataSource: A.C. Nielsen EDI data

Strong Box Office ShareStrong Box Office Share

Cineplex Galaxy:64.2%

Cineplex Galaxy:64.2%Other: 9.8%Other: 9.8%

Guzzo: 3.0%Guzzo: 3.0%Landmark: 3.1%Landmark: 3.1%

Empire: 13.6%Empire: 13.6%

AMC: 6.3%AMC: 6.3%

Media representation for AMC, Empire, Landmark and others -> 85% Media Market Share

99

Regional Box Office ShareRegional Box Office Share

Market Box Office ShareBC 63%Alberta 70%Saskatchewan 82%Manitoba 67%Ontario 73%Quebec 73% *Maritimes -

* Prior to Quebec divestitures

1010

INDUSTRY OVERVIEW

1111

Industry Box OfficeIndustry Box Office

Q3 Q3 YTD

Canadian Industry * -11.1% - 11.5%

Cineplex Galaxy locations

- 10.3% - 9.4%

* source: Motion Picture Theatre Association of Canada

1212

Highest Grossing Films in 2004 / 2005Highest Grossing Films in 2004 / 2005

Batman Begins

$205.3

Batman Begins

$205.3

Charlie and the Chocolate Factory

$206.4

Charlie and the Chocolate Factory

$206.4

Harry Potter and the

Goblet of Fire

$205.5

Harry Potter and the

Goblet of Fire

$205.5War of the Worlds

$234.2

War of the Worlds

$234.2

Star Wars Episode3 Revenge of the Sith

$380.2

Star Wars Episode3 Revenge of the Sith

$380.2

In Millions of dollars

Shrek 2

$441.2

Shrek 2

$441.2

Spiderman 2

$373.5

Spiderman 2

$373.5

The Passion of the Christ

$370.2

The Passion of the Christ

$370.2Meet the Fockers

$279.2

Meet the Fockers

$279.2

The Incredibles

$261.4

The Incredibles

$261.4

Top 5 Films 2005: $1.231 billion 2004: $1.725 billion

1313

Q4 2005 FilmsQ4 2005 Films

Harry Potter and the Goblet of FireDecember 2005

Harry Potter and the Goblet of FireDecember 2005

The Lion, the Witch and the Wardrobe

December 2005

The Lion, the Witch and the Wardrobe

December 2005King Kong

December 2005 King Kong

December 2005

Fun with Dick and Jane

December 2005

Fun with Dick and Jane

December 2005

Memoirs of a Geisha

December 2005

1414

COMPANY OVERVIEW

1515

$6.65 $6.97 $7.28 $7.40 $7.47 $7.59 $7.92

$2.64$2.77

$2.89 $3.00 $3.02 $3.29$3.35$0.54

$0.53$0.67 $0.72 $0.69

$0.94$1.04

2001 2002 2003 2004 Q3 YTD 2004 * Q3 YTD 2005 * Pro forma LTMMarch 2005 *

Box Office Concession Anc illary

$6.65 $6.97 $7.28 $7.40 $7.47 $7.59 $7.92

$2.64$2.77

$2.89 $3.00 $3.02 $3.29$3.35$0.54

$0.53$0.67 $0.72 $0.69

$0.94$1.04

2001 2002 2003 2004 Q3 YTD 2004 * Q3 YTD 2005 * Pro forma LTMMarch 2005 *

Box Office Concession Anc illary

Increasing Revenue Per PatronIncreasing Revenue Per Patron

Revenue Per PatronRevenue Per Patron

$9.83 $10.27$10.84 $ 11.12 $ 11.18

$ 11.82 $12.31

* Excluding divestitures

1616

Box Office PricingBox Office Pricing

Strategy:

Cineplex Galaxy – Theatre based pricing strategy

Famous Players – Market based pricing strategy

Action Plan:

Integrate to theatre based pricing strategy

Strategy:

Cineplex Galaxy – Theatre based pricing strategy

Famous Players – Market based pricing strategy

Action Plan:

Integrate to theatre based pricing strategy

1717

2001 2002 2003 2004 Pro formaLTM March

2005

Q3 YTD 2004 Q3 YTD 2005

Advertising Games Other

2001 2002 2003 2004 Pro formaLTM March

2005

Q3 YTD 2004 Q3 YTD 2005

Advertising Games Other

Significant Other Revenue ContributionSignificant Other Revenue Contribution

Ancillary Revenues ($mill)Ancillary Revenues ($mill)

$13.4 $17.4$20.9

$22.8

$14.7$23.7

$62.5

1818

New Projects AnnouncedNew Projects Announced

Project Screens ProjectedOpening

Brand

Barrhaven 7 OPEN

Aurora 10 OPEN

Milton 8 Summer 2006

Brockville 6 Summer 2006

Saskatoon 12 Summer 2006

Brossard 16 Summer 2006

Burloak 12 Fall 2006

Cineplex Odeon

Cineplex Odeon

Cineplex Odeon

Galaxy Cinemas

Galaxy Cinemas

Galaxy Cinemas

SilverCity

Collingwood 7 Fall 2006 Galaxy Cinemas

1919

Accomplishments 2005Accomplishments 2005

Repatriation of IT function from NY

Vista P.O.S.

Digital advertising network

Famous Players acquisition– New credit facility

– Equity offering

– RioCan transaction

– Divestiture process

Repatriation of IT function from NY

Vista P.O.S.

Digital advertising network

Famous Players acquisition– New credit facility

– Equity offering

– RioCan transaction

– Divestiture process

2020

Corporate Initiatives 2005/2006Corporate Initiatives 2005/2006

Customer Tracking

– Loyalty Program

– Monetize “Value” to Distributors/Advertisers/Suppliers

Naming Rights

On-Screen Advertising Business Integration

Digital Advertising Pre-Show Network

Point-of-Sale

New Theatres

Customer Tracking

– Loyalty Program

– Monetize “Value” to Distributors/Advertisers/Suppliers

Naming Rights

On-Screen Advertising Business Integration

Digital Advertising Pre-Show Network

Point-of-Sale

New Theatres

2121

FINANCIAL HIGHLIGHTS

2222

$197.5$250.2

$316.4 $330.0 $353.7

$740.0613

1,278

775740694678

2000 2001 2002 2003 2004 Pro Forma LTM

March 2005

-250

-50

150

350

550

750

950

1150

1350

1550

$197.5$250.2

$316.4 $330.0 $353.7

$740.0613

1,278

775740694678

2000 2001 2002 2003 2004 Pro Forma LTM

March 2005

-250

-50

150

350

550

750

950

1150

1350

1550

Annual Total RevenueAnnual Total Revenue

($ millions)($ millions)

Screen Count

2323

21.125.5

30.7 30.4 31.8

60.1

2000 2001 2002 2003 2004 Pro forma LTM

Marc h 2005

21.125.5

30.7 30.4 31.8

60.1

2000 2001 2002 2003 2004 Pro forma LTM

Marc h 2005

Annual AttendanceAnnual Attendance

(millions)(millions)

2424

$24.1

$41.7

$63.0$68.5

$74.5

$97.5

$117.5

15.6%

16.7%

19.4%20.4%

21.1%

13.2%12.2%

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

2000 2001 2002 2003 2004 Pro forma LTM

March 2005

without

synergies

Pro forma LTM

March 2005

with

synergies

5.0%

15.0%

$24.1

$41.7

$63.0$68.5

$74.5

$97.5

$117.5

15.6%

16.7%

19.4%20.4%

21.1%

13.2%12.2%

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

2000 2001 2002 2003 2004 Pro forma LTM

March 2005

without

synergies

Pro forma LTM

March 2005

with

synergies

5.0%

15.0%

Annual EBITDAAnnual EBITDA

($ millions)($ millions)

EBITDA Margin

Adjusted EBITDA Margins – LTM March 2005:

CGX 20.2%

FP 9.0%

2525

Credit Facilities and LeverageCredit Facilities and Leverage

Development Facility– Available - $60 million

Working Capital Facility– Available - $50 million

Term Facility– Available - $315

million (reduced with divestiture proceeds)

Development Facility– Available - $60 million

Working Capital Facility– Available - $50 million

Term Facility– Available - $315

million (reduced with divestiture proceeds)

Leverage on closing (based on Pro Forma LTM March 2005)

2.9 to 1

Leverage with $20 million synergies achieved (based on LTM March 2005)

< 2.0 to 1

2626

Focus on Value CreationFocus on Value Creation

The number one Canadian film exhibitor with a market share of 64.2 %+ of Canadian Box OfficeOwn and operate the five top-tier entertainment brands in CanadaSignificant opportunities to grow distributable cashOnly exhibitor in Canada with a continuing build programMarketing power of the brands – reach more than 85 million Canadians across the country.

The number one Canadian film exhibitor with a market share of 64.2 %+ of Canadian Box OfficeOwn and operate the five top-tier entertainment brands in CanadaSignificant opportunities to grow distributable cashOnly exhibitor in Canada with a continuing build programMarketing power of the brands – reach more than 85 million Canadians across the country.

2727