1. 1 February 19, 2016 Business Review BRAZIL May 2006

2. 2 February 19, 2016 Executive Summary

3. 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 Caçador do Tesouro. New film from a comediant always well accepted in Brazil. Revenues at 925K and Net Cont at 341K (37% over Revenues).

4. 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. 5 February 19, 2016 Forecast Review

6. 6 February 19, 2016 Forecast review - YTD Actuals USD @ FY06 Budget Rate (000’s)

7. 7 February 19, 2016 YTD Analysis USD @ FY06 Budget Rate (000’s)

8. 8 February 19, 2016 Remaining titles analysis USD @ FY06 Budget Rate (000’s)

9. 9 February 19, 2016 Forecast review - Full Year USD @ FY06 Budget Rate (000’s)

10. 10 February 19, 2016 Full Year COC vs Budget USD @ FY06 Budget Rate (000’s)

11. 11 February 19, 2016 Full Year COC vs Prior Forecast USD @ FY06 Budget Rate (000’s)

12. 12 February 19, 2016 Forecast Sensitivity Analysis USD @ FY06 Budget Rate (000’s)

13. 13 February 19, 2016 Quarterization - Net Contribution USD @ FY06 Budget Rate (000’s) Narnia Flight Plan Goal ! Derailed Didi A Máquina Cars (Costs) Pirates caribbean 2 (Costs) Basic Instinct Cars Pirates caribbean 2 Scary Movie 4

14. 14 February 19, 2016 Key Titles Released

15. 15 February 19, 2016 By title performance - Revenue USD @ FY06 Budget Rate (000’s) Winners Losers

16. 16 February 19, 2016 By title performance - Net Contribution USD @ FY06 Budget Rate (000’s) 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. 17 February 19, 2016 Derailed USD @ FY06 Budget Rate (000’s)

18. 18 February 19, 2016 A Máquina USD @ FY06 Budget Rate (000’s)

19. 19 February 19, 2016 The Wild USD @ FY06 Budget Rate (000’s)

20. 20 February 19, 2016 Basic Instinct 2 USD @ FY06 Budget Rate (000’s)

21. 21 February 19, 2016 Eight Below USD @ FY06 Budget Rate (000’s)

22. 22 February 19, 2016 Upcoming Titles

23. 23 February 19, 2016 Shaggy Dog USD @ FY06 Budget Rate (000’s)

24. 24 February 19, 2016 Scary Movie 4 USD @ FY06 Budget Rate (000’s)

25. 25 February 19, 2016 Cars USD @ FY06 Budget Rate (000’s)

26. 26 February 19, 2016 Competitive release schedule

27. 27 February 19, 2016

28. 28 February 19, 2016

29. 29 February 19, 2016

30. 30 February 19, 2016

31. 31 February 19, 2016

32. 32 February 19, 2016 Account receivables As of April 30

33. 33 February 19, 2016 Forecast P&L by title USD @ FY06 Budget Rate (000’s)

34. 34 February 19, 2016 Budget P&L by title USD @ FY06 Budget Rate (000’s)

35. 35 February 19, 2016 Variances Forecast X Budget by title USD @ FY06 Budget Rate (000’s)