The Marcus Corporation Investor Presentation — August 2021

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I N V E S TO R P R E S E N TAT I O N | A U G U S T 2 0 2 1 Forward Looking Statement

Certain matters discussed inthispresentation are“forward -lookingstatements” intended toqualify forthesafe harbors from liability established bythePrivate Securities Litigation Reform Actof

1995 .These forward -looking statements may generally beidentified assuch because thecontext ofsuch statements include words such aswe“believe,” “anticipate,” “expect” orwords ofsimilar

import .Similarly, statements that describe ourfuture plans, objectives orgoals arealso forward -looking statements .Such forward -looking statements aresubject tocertain risks anduncertainties

which may cause results todiffer materially from those expected, including, butnotlimited to,thefollowing :(1)theadverse effects oftheCOVID -19pandemic onourtheatre and hotels and

resorts businesses, results ofoperations, liquidity, cash flows, financial condition, access tocredit markets and ability toservice ourexisting and future indebtedness ;(2)theduration ofthe

COVID -19pandemic and related government restrictions andsocial distancing requirements and thelevel ofcustomer demand following therelaxation ofsuch requirements ;(3)theavailability,

interms ofboth quantity and audience appeal, ofmotion pictures forourtheatre division (particularly following theCOVID -19pandemic, during which theproduction ofnew movie content

temporarily ceased and release dates formotion pictures have been postponed), aswell asother industry dynamics such asthemaintenance ofasuitable window between thedate such motion

pictures arereleased intheatres and thedate they arereleased toother distribution channels ;(4)theeffects ofadverse economic conditions inourmarkets, including butnotlimited to,those

caused bytheCOVID -19pandemic ;(5)theeffects ofadverse economic conditions, including butnotlimited to,those caused bytheCOVID -19pandemic, onourability toobtain financing on

reasonable and acceptable terms, ifatall;(6)theeffects onouroccupancy and room rates caused bytheCOVID -19pandemic and theeffects onouroccupancy and room rates oftherelative

industry supply ofavailable rooms atcomparable lodging facilities inourmarkets once hotels and resorts have more fully reopened ;(7)theeffects ofcompetitive conditions inourmarkets ;(8)

ourability toachieve expected benefits andperformance from ourstrategic initiatives and acquisitions ;(9)theeffects ofincreasing depreciation expenses, reduced operating profits during major

property renovations, impairment losses, and preopening and start -upcosts due tothecapital intensive nature ofourbusiness ;(10)theeffects ofweather conditions, particularly during the

winter intheMidwest and inourother markets ;(11)ourability toidentify properties toacquire, develop and/or manage and thecontinuing availability offunds forsuch development ;(12)the