1 February 2, 2016 Business Review BRAZIL July 2006 2 February 2, 2016 Executive Summary 3 February 2, 2016 Executive summary - YTD FY06 Forecast Revenues of $9.600K, $625K (6%) below budget. Net contribution reached $331K, $1,296K (80%) below budget. Highlights Narnia. Good performance but we had to decrease IMD estimate from 4,372K to 3,000K in Revenues because of the competitive titles Harry Potter and King Kong. Net cont at 760K. Scary Movie 4 Good performance. We are almost flat with IMDs estimates. Didi O Caador do Tesouro. New film from a comediant always well accepted in Brazil. Revenues at 922K and Net Cont at 433K (47% over Revenues). 4 February 2, 2016 Executive summary - Full Year FY06 Forecast Revenues of $17.3M, $1.M (6%) above budget and $2.8M (19%) above prior year. Net contribution reached $4.2, $1.2M (23%) below budget and $0.3M (7%) below prior year. Highlights Cars Inclusion of Home Office Sales Goal. Always good expectations on Pixar titles. The title did not opened so well as expected due to the World Cup Brazils game on the same weekend. We are keeping the original estimate. Pirates of caribbean 2 Good reactions in trailer exhibitions. We expect to get more audience than the first film. Local Productions We were planning to release more 3 local productions this year but they were moved to FY07 (O Magnata, 1972 and Muito Gelo e Dois Dedos Dgua). 5 February 2, 2016 Forecast Review 6 February 2, 2016 Forecast review - YTD Actuals FY06 Budget Rate (000s) 7 February 2, 2016 YTD Analysis FY06 Budget Rate (000s) 8 February 2, 2016 Remaining titles analysis FY06 Budget Rate (000s) 9 February 2, 2016 Forecast review - Full Year FY06 Budget Rate (000s) 10 February 2, 2016 Full Year COC vs Budget FY06 Budget Rate (000s) 11 February 2, 2016 Full Year COC vs Prior Forecast FY06 Budget Rate (000s) 12 February 2, 2016 Forecast Sensitivity Analysis FY06 Budget Rate (000s) 13 February 2, 2016 FY06 Budget Rate (000s) Forecast Sensitivity Analysis 14 February 2, 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 15 February 2, 2016 Key Titles Released 16 February 2, 2016 By title performance - Revenue FY06 Budget Rate (000s) Winners Losers 17 February 2, 2016 By title performance - Net Contribution FY06 Budget Rate (000s) Losers Basic Instinct 2 Not well accepted in Brazil as the first film. Sharon Stone is not well know among younger audience. 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) Shaggy Dog The estimates in the Budget were too high. The title was not well acepted. The Wild The comparison with Madagascar was inevitable. We have also as a competiror Ice Age 2. Winner 18 February 2, 2016 Basic Instinct 2 FY06 Budget Rate (000s) 19 February 2, 2016 Shaggy Dog FY06 Budget Rate (000s) 20 February 2, 2016 Scary Movie FY06 Budget Rate (000s) 21 February 2, 2016 Cars FY06 Budget Rate (000s) 22 February 2, 2016 Upcoming Titles 23 February 2, 2016 Pirates of the Caribbean 2 FY06 Budget Rate (000s) 24 February 2, 2016 Competitive release schedule 25 February 2, 2016 26 February 2, 2016 27 February 2, 2016 28 February 2, 2016 29 February 2, 2016 Account receivables As of June 30 30 February 2, 2016 Forecast P&L by title FY06 Budget Rate (000s) 31 February 2, 2016 Budget P&L by title FY06 Budget Rate (000s) 32 February 2, 2016 Variances Forecast X Budget by title FY06 Budget Rate (000s)