1. Business Review Meeting Brazil March 2005

2. Agenda Executive summary (Page 3) FY05 P&L (Page 8)
FY05 Cause of Change (Page 10)
Key Titles released (Page 14)
Upcoming titles (Page 19)
Competitive release schedule (Page 22)
Accounts receivable (Page 27)

3. Executive Summary

4. Q1 Executive Summary Financials Highlights THE INCREDIBLES
Q1 revenue is $ 4,768 , $1,967 (70%) above budget.
Net Contribution for Q1 is $ 1,983 instead of a negative budget of $ (96).
Highlights
THE INCREDIBLES
2 nd animation in history to surpass 8 million in G.B.O (8,290 versus 8,200 for Finding Nemo).
Revenues of $3.9M surpassing budget estimate by $1.6M (70 %). Net Contribution of $ $2.2M exceeding budget by $1.2M (125%).
SHALL WE DANCE - REMAKE
More than 1 million in admissions.
5 weeks with all prints still playing in theaters.
Revenues of $1M surpassing budget estimate by $0.7M (205 %). Net Contribution of $ $0.4M exceeding budget by $0.4M.

5. THE INCREDIBLES
Surpassed Finding Nemo and now is the best BVI animation in Brazil (8,290 versus 8,200 in G.B.O.)
More than 4 million in admissions.
155 prints still playing on its 10th week (43.5% of the original release)
Best animation ever during summer vacation in Brazil
First film with the new Ad Pub strategy. Advertising only on cable TV instead of free TV.

6. FY05 Q1 Actuals performance
(000’s US budget rate)

7. Full Year Executive Summary
Financials
Full year revenue is forecasted at $14.9 M , $ 3.7 M (32%) above budget.
The net contribution is $3.7M, $2.4M (175%) above budget.
Highlights
We have remitted US$ 2 millions in Q2.
Romeo and Juliet Got Married (Local Product) – Good expectations on Brazilian productions (Revenue $1,568 / 1,5 million in admissions).
Sin City – A Miramax release just confirmed. To be released in Q3. IMD will be included in the short term
Due to release date change of Chicken Little, revenue has decreased by $1.3M and net contribution by $0.3M.

8. FY05 P&L

9. FY05 Forecast performance
(000’s US budget rate)

10. FY05 Cause of Change

11. FY05 Net Contribution Variances
Budget vs Forecast
(000’s US budget rate)

12. Full Year Forecast by Title
(000’s US budget rate)

13. FY05 Sensitivity Analysis - Key Titles
Forecast vs Local estimate
(000’s US budget rate)

14. Key Titles Released

15. The Incredibles

16. National treasure

17. Princess Diaries 2

18. Shall We dance - Remake

19. Upcoming titles

20. Romeo and Juliet Got Married (LP)

21. Pooh´s Heffalump Movie

22. Competitive Release Schedule

23. Competitive Schedule

24. Competitive Schedule (cont’d)

25. Competitive Schedule (cont’d)

26. Competitive Schedule (cont’d)

27. Accounts Receivable

29. Thank You