CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A. DE C.V.

FIRST QUARTER 2005

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As a precautionary note to investors, except for the historic informationhere provided, statements included in this document constituteforward-looking statements. Such statements assume risks and uncertainties,including the economic conditions in Mexico and other countries where CIEoperates, as well as the fluctuation of the Mexican peso compared to theU.S. dollar.

The use of registered trademarks or commercial trademarks within thisdocument are exclusively for illustrative purposes and are not meant toviolate the rights of the creators and/or intellectual property lawsapplicable in the countries in which CIE, its subsidiaries, and thosecompanies with which CIE maintains commercial or business relationships,operate.

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Financial Results 1Q2005

Operative Results 1Q2005 and Outlook for 2005

Content

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Operative Highlights

1Q05 1Q04 % Chg

747

3.61.45.0

1.71.5

5981,819

32

197734

1,462

863

3.52.45.9

1.51.4

6351,517

25

136528

1,344

(13.4%)

3.0%(42.0%)(15.3%)

13.3%7.1%

(5.8%)19.9%

28%

44.9%39.0%

8.8%

Note: The quarterly variation would have been (35.3%) on a pro forma basis, taking into account the 291 events that were held in Spain during 1Q04

Events* Ticketmaster Tickets (thousands) Mexico South America Total

Attendance (thousands of people) Events Amusement Parks Sports Books & Yaks Per capita Consumption (Ps.) Attendance (in thousands) Units in operation Pedestrian Overpasses Structures in operation Advertisements

Cineminutos Movie Theaters

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Financial Highlights

1Q05 1Q04

1,830

40021.8%

1522.63x

4,92010,34715,267

5,2277,889

7,378

0.71x

1,677

37622.4%

1103.43x

4,6479,998

14,645

4,9747,429

7,216

0.69x

9.1%

6.3%(60 pb)

38.3%(0.80x)

5.9%3.5%4.3%

5.1%6.2%

2.3%

(0.02x)

Note: Figures expressed in millons of Mexican pesos of purchasing power as of March 31, 2005

% Chg

Revenue

EBITDAEBITDA Margin

Interests paid, netEBITDA / Interests paid, net

Current AssetsL.T. Assets & Other AssetsTotal Assets

DebtTotal Liabilities

Stockholders´Equity

Debt / Stockholders´Equity

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1Q04 1Q05Comp. Comp.

1,260235184

1,677

% Chg Quarterly Revenue +7%

0

200

400

600

800

1,000

1,200

1,400

1,600

Entertainment Commercial Services

1Q04 1Q05

+9%

+16%+3%

Quarterly Revenue

75.1%14.0%10.9%

100.0%

1,368273189

1,830

74.8%14.9%10.3%

100.0%

% Chg

8.6%16.4%

2.7%

9.1%

Quarterly Revenue

Entertainment Commercial Services Total

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Debt

At May.05, the Group’s debt was Ps. 5,227 millon, 26% of which is due in the short-term and the remainder in the long-term

Pesos79.3%

USD13.5%

UDIs7.2%

The issuance of a bond in international markets in the amount of $200 millon dollars

Term: 10 years (matures in 2015)

Interest rate/ reference coupon: Between 8 ¾ and 9 ¼ (depending on the demand of the book)

Estimated closing date: Wednesday June 8, 2005

Use of Proceeds: Debt Refinancing (Banamex, Inbursa, CEBURES and UDI Bond)

Notes:

Amount: Program for up to $2,400 millon Pesos (estimated amount: $1,500 millon)

Term: 5 years

Use of resources: Exchange of 2 issued UDIs Bonds, both of which mature in 2007

Debt Programs

0 0

200

859$29 $31 $26

$57

$26

$85

3526

57

2624207

$200

$5 $3

200520062007200820092010201120122015

Bank Loans Ps. Bank Loans USD New Bond

New Cert. Burs. Cert. Burs.

PERFIL DE DEUDA (12/31/2004) PERFIL DE DEUDA PROFORMA

45

$117

$31

$223

$57

$2672

24 26

57

26 5 37

197

$3$5

2005 2006 2007 2008 2009 2010 2011

Bank Loans Ps. Bank Loans USD Udis Cert. Burs.

DeudaTotal: US$462 mm DeudaTotal: US$462 mm

0 0

200

859$29 $31 $26

$57

$26

$85

3526

57

2624207

$200

$5 $3

200520062007200820092010201120122015

Bank Loans Ps. Bank Loans USD New Bond

New Cert. Burs. Cert. Burs.

PERFIL DE DEUDA (12/31/2004) PERFIL DE DEUDA PROFORMA

45

$117

$31

$223

$57

$2672

24 26

57

26 5 37

197

$3$5

2005 2006 2007 2008 2009 2010 2011

Bank Loans Ps. Bank Loans USD Udis Cert. Burs.

DeudaTotal: US$462 mm DeudaTotal: US$462 mm

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Debt Profile

Total Debt:US$462mm Total Debt:US$462mm

Proforma Debt Profile

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Financial Results 1Q2005

Operative Results 1Q2005 and Outlook 2005

Content

10

CIE Entertainment

Events:

Automobile Racing:

Theater:

Cirque du Soleil: three dates for 3Q05 in Monterrey, Guadalajara and Mexico City

International: solid events calendar for the first six months of 2005. (p.e Paul MCartney,

Phil Collins, Avril Lavigne, Sarah Brightman)

Disney on Ice: “Finding Nemo,” which will run from May through July

NASCAR (March 5-6th)

Champ Car Monterrey (May 20-22nd)

Champ Car México (Nov. 6-8)

The closing of “Joseph and the Tecnicolor Dreamcoat” in 1Q05, which will be replaced by

Bésame Mucho during 3Q05

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Schedule of Upcoming Events

RBD Finding Nemo Bacilos Los Tigres del Norte Moenia Mijares La Gira de Bosé Alejandro Fernández Diego Torres Placebo Santana Buena Vista Social Club Vive Latino Los Lobos Laura Pausini Silvio Rodríguez Audioslave The White Stripes Alex Syntex Creedence Clearwater Lucybel Peter Murphy Nine Inch Nails Black Party Australian Pink Floyd Jaguares Lagrimas Negras Ojos de Brujo Keane Avril Lavigne Phil Collins Sarah Brightman Paul McCartney Cirque du Soleil Bésame Mucho

Sun Project Skank Roupa Nouva Simone e Convidados Placebo George Benson Xuxa Daniela Mercury Orishas Eagle Eye Cherry Jorge Ben Jor Zeca Pagodinho Steel Pulse Australian Pink Floyd Brune e Marrone Momix Cidade Negra Tributo a Cassia Eller Jammil e Uma Noites Tony Bennett Kid Abelha Ivete Sangalo David Copperfield Lulú Santos Maria Betania Brian Adams Barney Ana Carolina Jethro Tull & Orchestra Beach Boys Laura Pausini Roberto Carlos Diávolo Ivan Lins Festival de Blues Abelardo e Berilo Tonny Lima Maria Rita Festival de Jazz

Ratones Paranóicos Babasónicos Los Tipitos El Otro Yo Andrés Calamaro Los Cafres Alma Fuerte Las Pelotas Catupecu Machu Divididos Kapanga Bersuit Rata Blanca South Feast Aladin La Revista Unipersonal de Posca

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CIE Las Américas

Sports Books & Yaks:

Begin operations in Morelia with the inauguration of one unit. With this opening, by the end of 1Q05 CIE will have 32 Books and 28 Yaks in operation.

41 units scheduled to be in operation by the end of 2005, including Tampico, Cuautitlán and Puebla

Horse Racetrack

2005 Racing Season: Feb.4 – Dec.18; Friday through Sunday

Hermosillo

Culiacán

Guadalajara

Morelia

Torreón

Monterrey

Cd. México And State of Mexico

CancúnVillahermosa

Aguascalientes

León

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CIE Commercial

Pedestrian Overpasses:

Consolidation of operations in Guadalajara, Cuernavaca and Aguascalientes, in addition to the expansion in Puebla

Continue with the process of renovating longer-term contracts for municipal concessions to install and operate overpasses

Advertising in airports:

GACN: the installation of software & hardware in digital panels is almost completed

Proposal to other airport operators in Mexico

Media Innovations:

Media Innovations is participating more in its clients’ campaigns

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CIE Parques de Diversiones

Wannado Entertainment:

Consistent increase in monthly attendance at Wannado Miami, up from 18,000 visitors in Aug ‘04 to an average of 40,000 in 1Q05

Continued optimization of operations together with a reduction of costs and expenses

Strategies to reposition the park:

Prices: kids, adults, groups/ schools Brand Sponsorships in pavillions and activities Public Relations and media Marketing tactis geared towards key markets

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CIE Internacional

Brazil:

An increase in the volume of local shows and regional tours

New offering of promotional and advertising tools:

Continue presenting medium-scale, theatrical productions; staging of Phantom of the Opera

Argentina:

A greater number of live events and theater productions due to the improvement in the local economy

Continue redefining the sales and financing strategy for Radio stations; renovation of licenses for a 10-year period

Mayo 2005: acquisition of Ticketek, an important ticketing company in Argentina (US$800,000, differed for 5 years)