Cinemark USA, Inc. Reports Third Quarter Revenues and EBITDA in Excess of Last Year.

Business Editors

PLANO, Texas--(BUSINESS WIRE)--Nov. 13, 2001

Cinemark USA, Inc., a world leader in the motion picture exhibition industry, today reported revenues and EBITDA for the third quarter and nine month period ended September 30, 2001.

Cinemark USA, Inc.'s revenues for the third quarter ended September 30, 2001 increased 9.0% to $240.0 million from $220.1 million for the third quarter ended September 30, 2000. Earnings before interest, taxes, depreciation, amortization and other non-cash expenditures (EBITDA) for the third quarter of 2001 increased 12.8% to $54.8 million from $48.6 million for the third quarter of 2000. The Company's net income for the third quarter of 2001 was $5.6 million as compared to net income of $4.3 million for the third quarter of 2000.

For the nine month period ended September 30, 2001, revenues increased 9.5% to $638.4 million from $582.9 million for the nine month period ended September 30, 2000. EBITDA for the first nine months of 2001 increased 18.6% to $126.7 million from $106.8 million for the first nine months of 2000. The Company's net income for the nine month period in 2001 was $0.6 million as compared to a net loss of $5.0 million for the same nine month period in 2000.

Lee Roy Mitchell, Cinemark's Chief Executive Officer, said, "This is the fourth consecutive quarter that we have been able to increase the rate of growth in our EBITDA in excess of the level of our revenue growth. The Company generated an EBITDA margin of 22.8% for the quarter which increased our year-to-date EBITDA margin to 19.8%. We believe that a good holiday film lineup along with our continued focus on savings opportunities will contribute to a strong finish to the year allowing the Company to further reduce long-term debt."

Cinemark USA, Inc. continues to be a world leader in the development of stadium seating multiplex theatres. As of November 13, 2001, the Company has opened six new stadium seating multiplexes with a total of 69 screens in five different countries and acquired one theatre (6 screens) during 2001 bringing its aggregate screen count to 2,963 in the United States, Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica and Colombia. During the remainder of 2001, the Company has no additional domestic theatre commitments and has five additional international theatre commitments (52 screens).

The Company intends that this press release be governed by the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995 (the "PSLR Act") with respect to statements that may be deemed to be forward-looking statements under the PSLR Act. Such forward-looking statements may include, but are not limited to, the Company and any of its subsidiaries' long-term theatre strategy. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors.

The Company, headquartered in Plano, TX, has a website at www.cinemark.com where it sells tickets over the internet.

                          CINEMARK USA, INC.
                     FINANCIAL SUMMARY (unaudited)
                 For the Third Quarter and Nine Month
               Periods Ended September 30, 2001 and 2000
                            (In thousands)

                     Third          Third     Nine Months  Nine Months
                 Quarter Ended  Quarter Ended    Ended        Ended
                   Sept. 30,      Sept. 30,    Sept. 30,    Sept. 30,
                      2001           2000         2001         2000

Statement of
 Operations data:

Theatre revenues    $240,021       $220,080     $638,449     $582,924

Film rentals and
 advertising          82,313         76,481      216,111      199,560
Concession supplies   12,986         11,779       33,490       31,439
Facility leases       28,883         28,308       85,808       81,000
Other theatre
 operating expenses   51,978         48,883      149,726      142,057
General and
 administrative
 expenses             10,356          8,673       30,546       28,077
Depreciation,
 amortization and
 asset impairment
 loss                 21,822         17,738       55,957       49,295
Loss on sale of
 assets and other      2,653          2,454        4,484        2,569
                   ----------     ----------   ----------   ----------
Total costs and
 expenses            210,991        194,316      576,122      533,997

Operating income      29,030         25,764       62,327       48,927

Interest expense      16,885         18,675       53,998       54,021
Other expense          2,816            356        6,675          558
                   ----------     ----------   ----------   ----------
Income (loss)
 before income taxes   9,329          6,733        1,654       (5,652)
Income taxes (benefit) 3,761          2,408        1,075         (565)
                   ----------     ----------   ----------   ----------
 Net Income (loss)    $5,568         $4,325         $579      $(5,087)
                   ----------     ----------   ----------   ----------
Other Financial Data:
EBITDA (1)           $54,761       $ 48,628     $126,664     $106,758
Cash and cash
 equivalents                                      24,903        6,904
Theatre properties
 and equipment, net                              898,028      951,968
Total assets                                   1,005,471    1,044,155
Long-term debt,
 including current portion                       805,683      807,723
Shareholders' equity                              40,539       58,035


(1) Represents operating income plus depreciation, amortization and
    other non-cash expenditures.