Motion Picture Industry
Presented By
Kathy O’Brien
Shaun Ryan
Matthew Dvorchak
Loews Cineplex Entertainment (LCP)
Background Information
Loews Cineplex Entertainment
Corp. is major motion picture
theatre exhibition company
with operations in North
America and Canada. The
Company operates 2,926
screens at 385 theatres in 22
states, the District of Columbia
and 6 Canadian provinces. For
the 6 months ended 8/31/00,
total revenues fell 7% to
$470.3M. Net loss totaled
$87M, up from $6M. Results
reflect a decline in attendance
levels and increased losses on
the sale of theatres.
Key Ratios and Statistics

Price & Volume

Dividend Information
Recent Price $0.56
 Yield % 0.00
 52 Week High $6.50
 Annual Dividend 0.00
 52 Week Low $0.56
 Payout Ratio (TTM) % 0.00
 Avg Daily Vol (Mil) 0.03
 Beta 1.14
 Financial Strength
 Quick Ratio (MRQ) 0.09
 Current Ratio (MRQ) 0.10
 Share Related Items
 LT Debt/Equity (MRQ) 0.69
 Mkt. Cap. (Mil) $33.01
 Total Debt/Equity (MRQ) 1.94
 Shares Out (Mil) 58.62


Float (Mil) 6.40
Key Ratios and Statistics

Valuation Ratios
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Price/Earnings (TTM) NM
Price/Sales (TTM) 0.04
Price/Book (MRQ) 0.06
Price/Cash Flow (TTM) NM
Per Share Data
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Earnings (TTM) $-2.26
Sales (TTM) $15.28
Book Value (MRQ) $9.04
Cash Flow (TTM) $-0.20
Cash (MRQ) $0.93
Mgmt Effectiveness



Return on Equity (TTM) –21.86
Return on Assets (TTM) –6.98
Return on Investment (TTM) –8.51
Profitability


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Gross Margin (TTM) % 15.10
Operating Margin (TTM) % -5.16
Profit Margin (TTM) % -14.78
Stock Chart and Key Numbers

Fiscal Year-End: February


2000 Sales (mil.): $930.4
1-Yr. Sales Growth: 9.3%

2000 Net Inc. (mil.): ($51.4)

2000 Employees: 16,300
1-Yr. Employee Growth: 1.9%

Carmike Cinemas
Company
Information
2000 First Quarter Report

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Revenue increased from $97.7 million to.
$101.5 million
Increase in admission and concession
revenue.
Per share loss for the quarter was $.72.
Quarter was negatively impacted by the
number of new theaters opened in 1999
and high operating costs.
Carmike is the third largest motion
picture company in the country.
Results for Second Quarter
2000
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
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Revenue was $112.7 million in 2000 down
from $125.3 million in 1999.
Carmike filed petitions with the U.S.
Bankruptcy Court for the District of
Delaware.
Carmike had received approval to reject
leases relating to 65 theater locations.
Box office admissions and costs of
operations were both down from 1999
Theater Report


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Carmike currently
operates 438
theaters.
New seating is built to
accommodate 40,000
customers a year.
88 new screens are to
be opened in 2000
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Valuation Ratios
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Price/Earnings(TTM)NM
Price/Sales(TTM).01
Price/Book(MRQ).03
Price/Cash Flow(TTM)NM
Per share Data
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Earnings(TTM)$-6.57
Sales(TTM)$40.64
Book Value(MRQ)$13.39
Cash Flow(TTM)$-2.57
Cash(MRQ)$5.31
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Mgmt Effectiveness

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Return On Equity(TTM)-39.90
Return On Assets(TTM)-8.92
Return On
Investments(TTM)-11.00
Profitability
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Gross Margin(TTM)%13.59
Operating Margin(TTM)%4.45
Profit Margin(TTM)%-15.67
BACKGROUND INFORMATION
AMC is one of largest
motion picture
corporations in the
world. It opened its
doors in 1920. They
were the creator of
the first cupholder
armrests, automated
tickets, and the
multi-theatre
megaplex. They
recently created
MovieTickets.com.
Edward and Stan Durwood
You can purchase
creators
your tickets online.
Worldwide they have 211 theatres with 2,903 screens in 22 states.

STRENGTHS
- AMC remains the leader in North American box office market
share. For FY 2000, AMC held 9.8 percent of the North American
box office - rising to a 10 percent share in the fourth quarter.
- AMC's ratio of 13.8 screens per theatre is the highest in the
industry - a clear indication of ongoing leadership in the megaplex
transition.
- On the basis of attendance per screen, AMC's theatres are the most
productive in the industry. The AMC domestic circuit generated
average annual attendance of 55,800 per screen last year, compared
with 39,400 for the exhibition industry as a whole.
- AMC had by far the industry's highest percentage of top-grossing
theatres. Of North America's top 50 highest-grossing theatres, 22 were
AMC theatres, compared to seven theatres for the next-closest
competitor.
STOCK INFORMATION
AMC Entertainment Inc. Common Stock trades on the American
Stock Exchange under the symbol AEN.
Quarterly Common Stock Price Range
Fiscal 2000
Fiscal1999
High
Low
High
Low
First Quarter
$19^1/4 $14
$23^3/4 $16^13/16
Second Quarter
19
19^7/8 11^1/4
Third Quarter
13^15/16 8^9/16
21^1/16 10^3/4
Fourth Quarter
11^5/16 5
20^3/16 13^9/16
Year
19^1/4
23^3/4
12^3/16
5
10^3/4
STOCK INFORMATION
AMC Entertainment Inc. Common Stock trades on the American
Stock Exchange under the symbol AEN.
Quarterly Common Stock Price Range
Fiscal 2000
Fiscal1999
High
Low
High
Low
First Quarter
$19^1/4 $14
$23^3/4 $16^13/16
Second Quarter
19
19^7/8 11^1/4
Third Quarter
13^15/16 8^9/16
21^1/16 10^3/4
Fourth Quarter
11^5/16 5
20^3/16 13^9/16
Year
19^1/4
23^3/4
12^3/16
5
10^3/4
IMPORTANT NUMBERS
As of March 30, 2000
Total revenues
$ 1,166,942
Adjusted EBITBA
$117,620
Attendance
154,686
*# of theatres operated
211
* = only number to go down since March 28, 1996
COMPANY COMPARISON

Here we will compare the three
companies to determine which is the
most successful.
Motion Picture Table
Revenue
Sales
# Of
Theaters
AMC
1,116,942 1,123,000 211
million$
CARMIKE
112.7
million$
486.9 mill 438
LOEWS
470.3
million $
930.4 mill 385
KEY STATISTICS/RATIOS
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Return on Assets(TTM)AMC had the highest
return at –5.33, LOEWS –
6.98, and CARMIKE was
the worst by far at –8.91
Return on Equity(TTM)AMC – 94.98 , LOEWS –
21.86, and CARMIKE –
38.15
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Total Debt/Equity(MRQ)AMC was 27.66, LOEWS
1.94, and CARMIKE 1.63.

Quick Ratio(MRQ)- AMC’s
quick was .48, LOEWS was
.09, and CARMIKE had a
quick ratio of .13
CONCLUSION

In conclusion we have found that Carmike Cinemas is, as
of right now, the least successful of the three. Carmike has
filed petitions for bankruptcy. AMC is the most successful
company. They have the highest ratio of screens per
theater and on the basis of attendance per screen, the
AMC theaters are the most productive in the industry. Out
of the top 50 highest-grossing theaters in the North, 22 of
them belonged to AMC. Loews Cineplex is ranked second
of the three. Although the company was better off than
Carmike, results in for 2000 show that their revenues have
fallen, attendance levels have decreased and there has
been an increased loss on the sale of theaters.
THE END