IMAX Corporation (IMAX) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Stephen Laszczyk: Goldman Sachs Group, Inc., Research Division All right. Great. We'll get started with our next session of the day. Thank you, everyone, for taking the time to join us. My name is Stephen Laszczyk, and I cover entertainment here at Goldman. We are excited to welcome to the Communacopia and Technology Conference this year, Natasha Fernandes, the CFO of IMAX; and Anne Globe, the CMO of IMAX. Thank you both for being with us today.

Natasha Fernandes: Executive VP & CFO Thanks for having us, Stephen.

Anne Globe: Chief Marketing Officer It's a pleasure.

Stephen Laszczyk: Goldman Sachs Group, Inc., Research Division Great. Well, I wanted to start high level. Natasha IMAX, we've seen just incredible demand play out so far this summer between Odyssey and Spider-Man far outpacing supply. Would just love to get your thoughts on your strategic priorities stepping out of a record summer as you look out over the next 3 to 5 years, perhaps across network expansion, content, partnerships, pricing and then the investments that you can make in technology.

Natasha Fernandes: Executive VP & CFO I think our differentiated model is stronger than ever. It's all about the power of our platform. And so our opportunity is increasingly about converting your demand into capacity and your capacity into earnings. And when you look at our priorities, of course, expanding the network. I mean we're highly underpenetrated. We're in 1,800 locations, 91 countries, but our TAM is 4,500. And so a lot of -- we're less than 50% penetrated, a lot of opportunity to keep growing and in really high-performing markets. So I think