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Corporación Interamericana de Entretenimiento, S.A. de C.V. Fourth Quarter 2004

Corporación Interamericana de Entretenimiento, S.A. de C.V. Fourth Quarter 2004. As a precautionary note to investors, except for the historic information here provided, statements included in this document constitute forward-looking statements. Such statements assume risks and uncertainties,

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Corporación Interamericana de Entretenimiento, S.A. de C.V. Fourth Quarter 2004

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  1. Corporación Interamericana de Entretenimiento, S.A. de C.V. Fourth Quarter 2004

  2. As a precautionary note to investors, except for the historic information here provided, statements included in this document constitute forward-looking statements. Such statements assume risks and uncertainties, including the economic conditions in Mexico and other countries where CIE operates, as well as the fluctuation of the Mexican peso compared to the U.S. dollar. The use of registered trademarks or commercial trademarks within this document are exclusively for illustrative purposes and are not meant to violate the rights of the creators and/or intellectual property laws applicable in the countries in which CIE, its subsidiaries, and those companies with which CIE maintains commercial or business relationships, operate. 2

  3. Content • Financial Results 4Q2004 • Operative Results 4Q2004 and Outlook for 2005 3

  4. Operative Highlights 2004 2003 % Chg Events Concerts Musicals Other theatrical productions Others** Total Ticketmaster Tickets (thousands) Mexico South America Total Attendance (thousands of people) Events Amusement Parks Las Américas Horse Racetrack Sports Books & Yaks Per capita Consumption (Ps.) Attendees (in thousands) Units in operation Pedestrian Overpasses Structures in operation Advertisements Cineminutos Movie Theaters Minutes (thousands) 1,042 1,975 1,385 703 5,105 13.8 7.0 20.7 7.1 7.6 0.6 588 6.9 31 192 714 1,393 150 942 1,858 2,164 223 5,187 13.2 6.3 19.5 7.9 10.0 0.6 544 4.8 23 132 475 1,342 152 10.6% 6.3% (36.0%) 217.9% (1.6%) 4.5% 11.1% 6.2% (10.1%) (24.0%) N.A. 8.1% 43.8% 34.8% 45.5% 50.3% 3.8% (1.3%) ** Familiy, Special, Cultural, and Sporting Events 4

  5. Financial Statistics CAGR* 2004 2003 % Chg 2002 2001 2000 Revenue EBITDA EBITDA Margin Interests paid, net EBITDA / Interests paid, net Current Assets L.T. Assets & Other Assets Total Assets Debt Total Liabilities Stockholders´Equity Stockholders´Equity, proforma Debt / Stockholders´Equity 7,787 1,710 22.0% 473 3.52x 4,792 10,224 15,016 5,145 7,759 7,257 7,598 0.71x 7,034 1,609 22.9% 399 4.03x 4,345 9,863 14,208 4,979 7,098 7,109 8,819 0.70x 10.7% 6.3% 18.6% 10.3% 3.7% 5.7% 3.3% 9.3% 2.1% (13.8%) 6,552 1,526 23.3% 344 4.44x 4,623 10,092 14,715 4,580 6,515 8,200 8,200 0.56x 5,815 1,365 23.5% 317 4.30x 4,925 8,725 13,650 3,881 6,196 7,454 8,218 0.52x 4,826 1,196 24.8% 279 4.28x 4,782 7,085 11,867 3,418 4,975 6,892 6,892 0.50x 12.7% 9.4% 14.8% 0.2% 9.6% 6.1% 10.8% 11.7% 1.4% 2.3% Note: Figures are expressed in millions of Mexican pesos as of Dec 2004, unless otherwise specified. Figures may vary due to rounding. *Componded Annual Groth Rate 5

  6. Revenue by Division 4Q04 % 4Q03 % +6% Quarterly Revenue Entertainment Commercial Services Total 1,674 275 208 2,157 78% 13% 10% 100% 1,580 242 190 2,013 79% 12% 9% 100% Quarterly Revenue: +7% +13% +9% 2004 % 2003 % Annual Revenue Entertainment Commercial Services Total +11% 5,984 1,011 792 7,787 77% 13% 10% 100% 5,390 921 722 7,034 77% 13% 10% 100% Annual Revenue: +11% +10% +10% Note: Figures are expressed in millions of Mexican pesos as of Dec 2004, unless otherwise specified. * Figures may vary due to rounding. 6

  7. EBITDA % Chg 2004 2003 Quarterly EBITDA Annual EBITDA 453 1,710 452 1,609 N.A. 6% Note: Figures are expressed in millions of Mexican pesos as ofDec 2004 unless otherwise specified. * Figures may vary due to rounding. 7

  8. Cost-Bearing Debt • As of Dec 2004, the Group’s debt was Ps.5,145 millon, 25% of which • is short-term and the remaining debt is long-term. Pro forma Debt Amortization Calendar 3,000 2,500 High Yield (7 year) High Yield (10 year) 2,000 1,500 HY Millone of Mexican pesos UDI Bond 1,000 New UDI Bond (10 year) 500 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 High Yield Bank Loans Notes UDI 2007 New UDI Bond 8

  9. Other Extraordinary items • Other net extraordinary items were Ps. 341 million in 2004 • These items were the result of: • Expenditures related to the closure of theater operations in the Spanish market • that did not require the use of cash • Reserves in the Group’s Accounts Receivables (approximately 3% of AR) • Charges related to the reorganization of rotating advertising sales in Mexican soccer • stadiums from 2Q05 through 4Q05. 9

  10. Content • Financial Results 4Q2004 • Operative Results 4Q2004 and Outlook 2005 2005 10

  11. CIE Entertainment • 51% partnership with As Deporte: • A leading organizer and promotor of 29public and private annual sportingevents • in Mexico • - Off-track Racing - Triathlons • - Swimming - Mountain Biking • - Extreme Sports • Incorporation of key sports sponsors: • - Banamex - Televisa • - Grupo Imagen - Mexicana • - Deportes Martí - Telmex • - TV Azteca - Sport City • - Fonatur - Grupo Andersons • - Others • “Cirque du Soleil” will be on tour from 3Q-4Q05 in Mexico City, Guadalajara and • Monterrey • The Monterrey Fair will be added to the Group’s popular fair portfolio • “Joseph and the Technicolor Dreamcoat” and “Fidler on the Roof” performances • continue; “Little Orphan Annie” opened in 4Q04 • NASCAR,“Telcel Motorola México200sponsored by Banamex”, March 5-6th 2005 11

  12. Upcoming Events Schedule • Belinda • Miguel Bosé • Juanes • Finding Nemo (Disney on Ice) • Arjona • Vicente and Alejandro Fernández • Marco Antonio Solís • Ricardo Montaner • Franco de Vita • Duran Duran • James Brown • Simple Plan • Buena Vista Social Club • Santana • Pink Floyd Laser Light Show • Lenny Kravitz • Eminem • Ramstein • Phil Collins • Neil Diamond • Coldplay • Bob the Builder • España Baila Flamenco • Waterwall • Robert Gallup • Joseph and the Technicolor Dreamcoat • Fidler on the Roof • Defending the Caveman • Little Orphan Annie • Texcoco Fair, Mexico City & Monterrey • Theme Fairs • Brilho • Stillos • Araketu • Angra • Forte Real • Joao Bosco • All Stars 80 • Pedro Mariano • Vanessa da Mata • Nando Reis • Engenheiros do Hawaii • Fernanda Porto • Maria Bethania • Symantec • Saxon • Catedral • Elba Ramalho • Roupa Nova • Grave Digger • Ivan Lins • Black Moore’s • Palabra Cantada • Emmerson Nogueira • Toy Lima • Maria Rita • Chiclete com Banana • Edson & Hudson • Placebo • Skank • Ana Carolina • Xuxa • Roberto Carlos • Zeca Pagodinho • Bruno e Marrone • Fabio Junior • Charlie Brown Jr. • Felipe Dylon • Anthrax • Guanabara • Miss Saigon • Aladin • Camel Genuine Sound • Southfest • Creamfields 12

  13. CIE Amusement Parks • Wannado Entertainment: • Increasing attendanceat Wannado Miami: from 19,000 • in August to 42,000 in December • Changes in Management: René Aziz as head of WE • Fine-tunning of costs and expenditures in order to sustain • profitability • Awareness: Strategic restructuring of prices, sponsorships, • marketing, PR and operations 45,000 41,622 41,217 40,000 36,740 35,000 Attendance 30,000 24,916 25,000 18,935 20,000 15,000 August September October November December • Valle Fantástico: • Dec ‘04: inauguration of the park in Puebla with a local partner and attractions • of the Divertido Pack 13

  14. CIE Las Américas • Books/ Yaks: • Opening of units in Hermosillo and Ciudad Neza for a total of 31 units in 2004 vs. 23 in 2003; • 40 units are scheduled to be operating in 2005 and 45 units in 2006 • Upcoming inaugurations in 2005: Morelia (already opened), Cuautitlán Izcalli, Puebla, • Tampico, Monterrey and Reynosa, among others • Calle de Entretenimiento: • Reduction of the track at the Horse Racetrack • This will not affect the racing schedule • Estimated time to complete the track reduction: 4 months 14

  15. CIE International • Spain: • CIE and Stage Holding realigned their geographic objectives and • concluded their partnership in the Spanish theatrical market: • - Upcoming expiration of venue rights for theaters in Madrid and theatrical rights • - Growing level of competition in theatrical promotion, including a price and sponsorship war • - Increasing costs to acquire international content rights • - CIE: Free Cash Flow Generation • Brazil: • “The Phantom of the Opera” (Apr.05), and the return of “Mademoiselle • Chanel” (Feb.05) as well as “La Flor de mi Buen Querer” (Jul.05) 15

  16. CIE Commercial • Advertisements on pedestrian overpasses: • Begin expanding towards Puebla • Renovation of existing, long-term municipal concessions (10 • years) • Digital advertising, inside and outside of airports: • The installation of digital panels in airports operated by • Grupo Aeroportuario Centro Norte, based on the following plan: • - Acapulco, Ixtapa and Monterrey (3Q04) • - Chihuahua, Ciudad Juárez and Torreón (4Q04) • - Culiacán, Mazatlán and Tampico (1Q05) • - Zacatecas, Durango, S.L.P. and Reynosa (2Q05) • Proposals to other airport operators for this type of product 16

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