Investor Presentation te diff EXPERIENCE IT IN TOM HARDY EVERYONE DESERVES A CHANCE TO FLY EXCLUSIVELY IN MOVIE THEATERS OCIOBER FANKS GIVING WILL NEVER LET GO Investor Presentation | August 2024 BBRILBIUICE BBINGBINGS we get audiences Forward-Looking Statements This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events and results of operations, including statements concerning the ultimate impact of the restructuring on th ...

INVESTOR DAY 2025 · NYC NCM Forward-Looking Statements The following presentations contain various forward-looking statements that reflect management's current expectations or beliefs reqarding future events, including statements regarding the Company's anticipated future financial performance. Investors are cautioned that reliance on these forward-looking statements involves risks and uncertainties. Although the Company believes that the assumptions used in the forward-looking statements are reasonable, ny ...

1Q'25 Earnings Supplemental Presentation May 6, 2025 This presentation contains references to Non-GAAP financial measures including adjusted OIBDA, unlevered free cash flow and adjusted operating expense. A reconciliation of these measures is available in this presentation and on the investor page of the Company's website at www.ncm.com. 2 Forward-Looking Statements This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events ...

Core Insights - National CineMedia (NCMI) reported revenue of $34.9 million for the quarter ended March 2025, reflecting a year-over-year increase of 0.3% and a surprise of +1.16% over the Zacks Consensus Estimate of $34.5 million [1] - The company posted an EPS of -$0.24, which is a decline from -$0.19 a year ago, resulting in an EPS surprise of -20.00% compared to the consensus estimate of -$0.20 [1] Revenue Breakdown - Local and regional advertising revenue was $4.90 million, below the estimated $5.05 million, representing a year-over-year decline of -7.6% [4] - National advertising revenue reached $27.40 million, exceeding the average estimate of $26.70 million, but still showing a year-over-year decrease of -7.1% [4] - Total advertising revenue (excluding beverage) was reported at $32.30 million, surpassing the two-analyst average estimate of $31.90 million, with a year-over-year change of -7.2% [4] - ESA advertising revenue from beverage concessionaire agreements was $2.60 million, slightly below the average estimate of $2.75 million, with no year-over-year change [4] Stock Performance - Shares of National CineMedia have returned -2.4% over the past month, contrasting with the Zacks S&P 500 composite's +11.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

National CineMedia (NCMI) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this theater advertising company would post earnings of $0.20 per share when it actually produced earnings of $0.26, delivering a surprise of 30%. Over the last four quarters, ...

National CineMedia (NCMI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Chan Park - SVP - FinanceThomas Lesinski - CEORonnie Ng - CFOEric Wold - Executive Director, Equity ResearchPatrick Sholl - Vice President Conference Call Participants Mike Hickey - Equity Research Analyst Operator Good day and welcome to the National CineMedia Inc. First Quarter twenty twenty five Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over ...

National CineMedia (NCMI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Good day and welcome to the National CineMedia Inc. First Quarter twenty twenty five Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Chan Park, Senior Vice President of Finance. Speaker1 Thank you, operator, and good afternoon. I'm joined today by our Chief Executive Officer, Tom Lisinski and our Chief Financial Officer, Ronnie Ng. I would like to remind ...

Revenue and Advertising - National CineMedia's revenue primarily comes from advertising sales in The Noovie® Show, which is shown in theaters across the U.S.[126] - National advertising revenue fell by $2.1 million, or 7.1%, from $29.5 million in Q1 2024 to $27.4 million in Q1 2025, primarily due to a 7.6% decrease in national advertising utilization[145]. - The weighted average remaining term of exclusive advertising agreements is 11.0 years as of March 27, 2025, extending to 12.6 years after the 2025 AMC Agreement[127]. Financial Performance - Total revenue decreased by $2.5 million, or 6.7%, from $37.4 million in Q1 2024 to $34.9 million in Q1 2025[144]. - Adjusted OIBDA was $(9.0) million in Q1 2025 compared to $(5.7) million in Q1 2024, reflecting a 57.9% increase in losses[144]. - Adjusted OIBDA margin decreased to (25.8%) in Q1 2025 from (15.2%) in Q1 2024[142]. - Net loss attributable to NCM, Inc. was $(30.7) million in Q1 2025, a decrease of 11.5% from $(34.7) million in Q1 2024[140]. - Net loss per diluted share improved to $(0.32) in Q1 2025 from $(0.36) in Q1 2024, reflecting an 11.1% decrease in losses per share[140]. Attendance and Operating Expenses - Total theater attendance decreased by 4.6% from 75.8 million in Q1 2024 to 72.3 million in Q1 2025[144]. - Total operating expenses decreased by $1.3 million, or 2.2%, from $60.1 million in Q1 2024 to $58.8 million in Q1 2025[147]. - Network operating costs decreased by $0.5 million, or 13.9%, from $3.6 million in Q1 2024 to $3.1 million in Q1 2025[148]. - Selling and marketing costs increased by $0.7 million, or 7.0%, from $10.0 million in Q1 2024 to $10.7 million in Q1 2025[150]. - Administrative and other costs decreased by $0.6 million, or 4.4%, from $13.5 million in Q1 2024 to $12.9 million in Q1 2025, primarily due to a $1.0 million decrease in personnel costs[151]. - Depreciation expense increased by $0.1 million, or 10.0%, from $1.0 million in Q1 2024 to $1.1 million in Q1 2025[152]. Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities decreased from $75.2 million as of December 26, 2024, to $59.8 million as of March 27, 2025, a decline of $15.4 million[160]. - Operating cash flow decreased by $18.1 million, from $24.1 million in Q1 2024 to $6.0 million in Q1 2025, attributed to lower accounts receivable collections and changes in deferred revenue[161][164]. - As of March 27, 2025, total liquidity was $104.2 million, down from $119.6 million as of December 26, 2024[160]. - For the three months ended March 27, 2025, NCM LLC's available cash for distribution was approximately negative $13.4 million, primarily due to NCM, Inc. being the main holder of NCM LLC units[166]. - As of March 27, 2025, NCM LLC owed NCM, Inc. $14.8 million in deferred available cash distribution[166]. Debt and Credit Facilities - The 2025 Credit Facility provides a $45.0 million senior secured revolving credit facility, maturing on January 24, 2028, with a floating interest rate[133]. - The company entered into a $45.0 million senior secured revolving credit facility on January 24, 2025, maturing on January 24, 2028, with no borrowings made as of March 27, 2025[158]. - The company repaid the $10.0 million balance of the previous revolving credit facility and incurred a prepayment fee of 1% upon termination[159]. - The weighted average remaining maturity of the company's debt facility was 2.8 years as of March 27, 2025, with 100.0% of borrowings bearing interest at variable rates[161]. - The maximum capacity of the 2025 Credit Facility is $45.0 million, with a floating interest rate of term SOFR plus an applicable margin of 2.00%[170]. - A 100-basis point fluctuation in market interest rates would affect cash interest expense by approximately $0.5 million annually if the maximum capacity of the 2025 Credit Facility were drawn[170]. Corporate Actions and Agreements - The 2025 AMC Agreement extends the term of the exhibitor services agreement with AMC by five years, through February 13, 2042, and revises the payment structure based on attendance and revenue generated[131]. - The company repurchased 1,455,668 shares during the three months ended March 27, 2025, with a total of 4,804,257 shares repurchased since the program's inception[134]. - NCM LLC emerged from bankruptcy on August 7, 2023, recording a gain on bankruptcy of $916.4 million for the year ended December 26, 2024[137]. - The company recorded a gain on deconsolidation of $557.7 million during the second quarter of 2023 due to the Chapter 11 filing[135]. - The company has long-term agreements with network affiliates, with expiration dates ranging from July 2025 to July 2033[128].

Financial Performance - Total revenue for Q1 2025 decreased by 6.7% to $34.9 million compared to $37.4 million in Q1 2024[3] - Operating loss increased to $23.9 million, or negative $0.32 per diluted share, for Q1 2025, compared to a loss of $22.7 million, or negative $0.36 per diluted share, in Q1 2024[3] - Adjusted OIBDA for Q1 2025 was negative $9.0 million, worsening from negative $5.7 million in Q1 2024[3] - Total revenue for the quarter ended March 27, 2025, was $34.9 million, a decrease of 6.7% from $37.4 million in the same quarter of the previous year[22] - Adjusted OIBDA for the quarter was $(9.0) million, compared to $(5.7) million in the prior year, indicating a worsening of 57.9%[22] - The operating loss increased to $(23.9) million from $(22.7) million, a rise of 5.3% year-over-year[22] - Loss per share (diluted) was $(0.32), slightly improved from $(0.36) in the same quarter last year[22] - Adjusted loss per share (diluted) was $(0.24), compared to $(0.19) in the prior year, indicating a deterioration of 26.3%[22] Attendance and Screen Count - Total attendance for Q1 2025 was 72.3 million, down from 75.8 million in Q1 2024[19] - Total attendance decreased to 72.3 million from 75.8 million, representing a decline of 7.3%[22] - The number of total screens at the end of Q1 2025 was 17,875, a decrease from 18,297 screens in Q1 2024[19] Cash and Assets - Cash, cash equivalents, and marketable securities decreased to $63.1 million as of March 27, 2025, from $78.2 million at the end of 2024[17] - Total assets decreased to $503.8 million as of March 27, 2025, down from $568.6 million at the end of 2024[17] Advertising Revenue - Total advertising revenue (excluding beverage) was $32.3 million, down from $34.8 million, reflecting a decline of 7.2% year-over-year[22] - National advertising revenue per attendee was $0.379, down from $0.389, a decrease of 2.6%[22] - Local and regional advertising revenue per attendee was $0.068, down from $0.070, reflecting a decline of 2.9%[22] Future Expectations - For Q2 2025, the company expects total revenue between $56.0 million and $61.0 million, with Adjusted OIBDA ranging from $2.5 million to $7.5 million[5] Strategic Partnerships - A new long-term agreement with AMC Theatres extends the partnership through 2042, aligning payment structures with performance metrics[6] Dividend Declaration - The company declared a cash dividend of $0.03 per share, totaling approximately $2.8 million, to be paid on May 30, 2025[4]

National CineMedia (NCMI) Q4 2024 Earnings Call March 14, 2025 08:26 AM ET Company Participants Chan Park - VP - FinanceThomas Lesinski - CEORonnie Ng - CFOPatrick Sholl - Vice President Conference Call Participants Mike Hickey - Equity Research Analyst Operator Good day, and welcome to the National Synimedia Incorporated Fourth Quarter twenty twenty four Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the conferenc ...