1 February 19, 2016 Business Review BRAZIL May 2006 2 February 19, 2016 Executive Summary 3 February 19, 2016 Executive summary - YTD FY06 Forecast Revenues of $7.992K, $170K (2%) above budget. Net contribution reached $1,162K, $219K (16%) below budget. Highlights Narnia. Good performance but we had to decrease IMD estimate from 4,372K to 2,997K in Revenues because of the competitive titles Harry Potter and King Kong. Net cont at 414K. Chicken Little. The film worked well considering it was not released in vacation period. We experienced a drop in Revenues from $2,102K to $1,651K. Didi O Caador do Tesouro. New film from a comediant always well accepted in Brazil. Revenues at 925K and Net Cont at 341K (37% over Revenues). 4 February 19, 2016 Executive summary - Full Year FY06 Forecast Revenues of $17.8M, $1.5M (9%) above budget and $3.2M (22%) above prior year. Net contribution reached $4.6, $0.8M (15%) below budget and $0.1M (2%) above prior year. Highlights Cars Inclusion of Home Office Sales Goal. Always good expectations on Pixar titles. Scary Movie 4 Good reactions in trailer exhibitions. We expect to get the same audience of previous films. Local Productions This fiscal Year the company will release 5 local productions. The film Didi was the first one to be released reaching $925K in Revenues and $341K in Net Cont. Good expectations also on O MAGNATA wich has a very fammous singer in Brazil and its a film to the teenage audience. 5 February 19, 2016 Forecast Review 6 February 19, 2016 Forecast review - YTD Actuals FY06 Budget Rate (000s) 7 February 19, 2016 YTD Analysis FY06 Budget Rate (000s) 8 February 19, 2016 Remaining titles analysis FY06 Budget Rate (000s) 9 February 19, 2016 Forecast review - Full Year FY06 Budget Rate (000s) 10 February 19, 2016 Full Year COC vs Budget FY06 Budget Rate (000s) 11 February 19, 2016 Full Year COC vs Prior Forecast FY06 Budget Rate (000s) 12 February 19, 2016 Forecast Sensitivity Analysis FY06 Budget Rate (000s) 13 February 19, 2016 Quarterization - Net Contribution FY06 Budget Rate (000s) Narnia Flight Plan Goal ! Derailed Didi A Mquina Cars (Costs) Pirates caribbean 2 (Costs) Basic Instinct Cars Pirates caribbean 2 Scary Movie 4 14 February 19, 2016 Key Titles Released 15 February 19, 2016 By title performance - Revenue FY06 Budget Rate (000s) Winners Losers 16 February 19, 2016 By title performance - Net Contribution FY06 Budget Rate (000s) Losers Narnia Budget estimates for costs are lower than our historycal Chicken Little We basically kept budget figures, only adjusting Other Costs and including Basics estimates (Higher) Flight Plan Costs showed in the Budget are too low in comparison of our historical data. Only 4% in Other (15%), 25% in Ad Pub (30%) and 15% in Prints (20%). Basics estimates also increased. Basic Instinct 2 Not well accepted in Brazil as the first film. Sharon Stone is not well know among younger audience. Derailed Original IMD was optimist for this title based on Flight Plan numbers. Not accepted as good as we thought. The Wild The comparison with Madagascar was inevitable. We have also as a competiror Ice Age 2. 17 February 19, 2016 Derailed FY06 Budget Rate (000s) 18 February 19, 2016 A Mquina FY06 Budget Rate (000s) 19 February 19, 2016 The Wild FY06 Budget Rate (000s) 20 February 19, 2016 Basic Instinct 2 FY06 Budget Rate (000s) 21 February 19, 2016 Eight Below FY06 Budget Rate (000s) 22 February 19, 2016 Upcoming Titles 23 February 19, 2016 Shaggy Dog FY06 Budget Rate (000s) 24 February 19, 2016 Scary Movie 4 FY06 Budget Rate (000s) 25 February 19, 2016 Cars FY06 Budget Rate (000s) 26 February 19, 2016 Competitive release schedule 27 February 19, 2016 28 February 19, 2016 29 February 19, 2016 30 February 19, 2016 31 February 19, 2016 32 February 19, 2016 Account receivables As of April 30 33 February 19, 2016 Forecast P&L by title FY06 Budget Rate (000s) 34 February 19, 2016 Budget P&L by title FY06 Budget Rate (000s) 35 February 19, 2016 Variances Forecast X Budget by title FY06 Budget Rate (000s)