Q1'20 Earnings Supplemental Presentation Liquidity and COVID-19 Update Forward-Looking Statements 2 This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events, including statements providing guidance and projections for the full year 2020. 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 ...

National CineMedia, Inc. (NASDAQ:NCMI) Q1 2020 Earnings Conference Call May 5, 2020 5:00 PM ET Company Participants Ted Watson - SVP, Finance & Treasurer Thomas Lesinski - CEO, Interim Principal Financial Officer & Director Clifford Marks - President Conference Call Participants Eric Wold - B. Riley FBR, Inc. Jim Goss - Barrington Research Associates Operator Greetings, and welcome to the National CineMedia, Inc. Q1 2020 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ____________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 26, 2020 Commission file number: 001-33296 _____________________________________________ Securities registered pursuant to Section 12(b) of the Act: | Common Stock, par value $0.01 per share | NCMI | The Nasdaq Stock ...

AMERICA'S Q4'19 Earnings Supplemental Presentation MIDWAY Forward-Looking Statements 2 This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events, including statements providing guidance and projections for the full year 2020. 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 ar ...

Financial Data and Key Metrics Changes - The company reported a record Q4 advertising revenue of $147.2 million, a 7.1% increase from $137.4 million in Q4 2018 [36] - Total revenue for the full year increased by 0.8% to $444.8 million from $441.4 million in 2018 [42] - Adjusted OIBDA for Q4 was $83.5 million, up 9.6% from $76.2 million in Q4 2018, with an adjusted OIBDA margin of 56.7% compared to 55.4% in the previous year [37] - Full year adjusted OIBDA increased by 1% to $207.5 million from $205.4 million in 2018 [43] - GAAP diluted earnings per share for Q4 increased by 14% to $0.24 compared to $0.21 in Q4 2018 [49] Business Line Data and Key Metrics Changes - National advertising revenue for Q4 increased by 13%, contributing significantly to overall revenue growth [9] - Regional ad revenue decreased by 1.9% to $10.5 million, while local ad revenue decreased by 9.7% to $19.6 million [39][40] - Digital revenue for Q4 increased nearly 24%, indicating strong growth in integrated digital campaigns [40] Market Data and Key Metrics Changes - The advertising revenue mix for Q4 was 75% national, 7% regional, 13% local, and 5% beverage, compared to 71%, 8%, 16%, and 5% respectively in Q4 2018 [42] - The company experienced a 7.6% decrease in beverage revenue for the full year, attributed to a decline in attendance [48] Company Strategy and Development Direction - The company is focusing on a new premium inventory strategy, which includes the launch of lights-down and platinum inventory to enhance advertising effectiveness [8][17] - The five pillars of growth strategy include improving on-screen inventory quality, upgrading sales planning systems, investing in digital entertainment apps, building a data-driven business, and optimizing the affiliate network [21][26][27] - The company plans to aggressively market its new premium inventory format in the upcoming upfront selling season [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the 2020 box office, citing strong early performances from several films [28] - The company anticipates that the new inventory strategies will attract new advertisers and stabilize local and regional advertising trends [73][74] - The Board of Directors authorized a 12% increase in the quarterly cash dividend, reflecting confidence in the strategic growth plan [31][84] Other Important Information - The company expects total revenue for 2020 to increase between 1.2% and 4.5%, with adjusted OIBDA guidance ranging from a decrease of 2.7% to an increase of 2.2% [57] - Capital expenditures for 2020 are projected to be in the range of $14 million to $16 million, with a focus on digital investments [59] Q&A Session Summary Question: What is the status of the $8.7 million make-good? - Management indicated that nearly $4 million of the make-good has already been delivered due to strong box office performance in early 2020 [64][66] Question: How does the new upfront selling season align with the previous one? - Management clarified that there is typically a three-month gap between the two upfront seasons, with cinema advertising occurring later in the cycle [67] Question: What is the strategy for local and regional advertising? - The company has restructured its approach, focusing on the top DMAs for regional business while integrating local sales to stabilize and potentially grow these segments [73] Question: Are new advertisers responding to the premium inventory? - Management confirmed that new categories and companies are engaging with the platform, with notable sales to major retailers and CPG companies [76] Question: How is consumer feedback regarding the new ad placements? - Initial research indicates positive consumer engagement with the new advertising spots, with no significant shift in audience arrival times noted [81] Question: What is the rationale behind the dividend increase? - The increase reflects confidence in the strategic growth plan and the commitment to return cash flow to shareholders [84]

Ownership Structure - NCM, Inc. holds approximately 48.8% of the common membership units in NCM LLC, with the remaining 51.2% held by Cinemark and Regal[23]. Advertising Network and Revenue - NCM's cinema advertising network reaches over 700 million moviegoers annually across 21,200 screens in over 1,700 theaters[25]. - 73% of NCM's advertising revenue comes from national clients, while 21% is derived from regional and local advertisers[42]. - The weighted average remaining term of the exclusive advertising agreements with founding members is approximately 19.8 years[28]. - NCM's advertising inventory is sold in both upfront and scatter markets, with demand fluctuations impacting pricing throughout the year[41]. - Cinema advertising is positioned to capitalize on the shift of advertising spending away from traditional media, with an estimated U.S. advertising industry size of $226.2 billion[68]. Digital Products and Innovations - NCM LuxeNet was launched in 2019, targeting affluent audiences in premium theaters across the top 25 Designated Market Areas[32]. - NCM has developed interactive digital products like Noovie Shuffle and Noovie Arcade to engage audiences and enhance advertising opportunities[48][49]. - The company has long-term agreements with content partners to produce original segments for the Noovie pre-show, which typically last around 90 seconds[45]. - The Noovie pre-show includes new advertising formats, with approximately 54% of theaters presenting the updated format as of December 26, 2019[31]. - NCM plans to release a standalone Noovie Shuffle mobile app on iOS and Android in 2020, enhancing its digital product offerings[51]. Audience Engagement and Data Collection - Approximately 4.0 million moviegoers had downloaded NCM's mobile apps by December 26, 2019, resulting in first and second party data sets of over 100 million[51]. - The company expects to enhance its cloud-based Data Management Platform in 2020 by gathering exclusive first-party and second-party data, which will improve audience insights and analytics for clients[78]. - The company had 106.5 million first and second-party data sets as of December 26, 2019, with a projection to double that by the end of 2020[89]. Financial Performance - Revenue for the year ended December 26, 2019, was $444.8 million, a slight increase from $441.4 million in 2018, representing a growth of 0.8%[194]. - Operating income for 2019 was $161.3 million, compared to $154.3 million in 2018, reflecting an increase of 4.9%[194]. - Consolidated net income attributable to NCM, Inc. for 2019 was $36.1 million, up from $29.8 million in 2018, marking a growth of 21.1%[194]. - Basic earnings per share for 2019 was $0.47, an increase from $0.39 in 2018, representing a growth of 20.5%[194]. - Adjusted OIBDA for the year ended December 26, 2019, was $207.5 million, representing a margin of 46.7%[199]. Attendance and Screen Metrics - Over 700 million moviegoers attended theaters in NCM's network in 2019, accounting for 69% of total theater attendance in the top 10 U.S. DMAs[65]. - The average screens per theater in NCM's network during 2019 was 12.2, which is 1.7 times the U.S. theater industry average[77]. - Total attendance for the period was 651.4 million, a decrease from 705.1 million in 2018[201]. - The number of total screens at period end increased to 21,208 from 21,172 in the previous year[201]. Advertising Costs and Revenue Trends - The company reported advertising operating costs of $38.3 million for 2019, up from $37.4 million in 2018, reflecting a growth of 2.4%[194]. - National advertising revenue rose by $12.2 million, or 3.9%, to $324.2 million, driven by a $16.2 million increase in Platinum Spot and branded content segment revenue[216]. - Local advertising revenue fell by $3.8 million, or 5.4%, primarily due to a 10.5% decrease in the volume of contracts[218]. - Regional advertising revenue decreased by $2.6 million, or 9.5%, due to a shift of larger clients from regional to national advertising[219]. Risks and Challenges - Economic uncertainty may lead to decreased demand for services and delayed payments from advertising clients, adversely affecting financial results[119]. - The company faces competition from larger media platforms, which may impact its ability to attract advertising revenue[114]. - Changes in film ratings could lead to reduced advertising spending, as G and PG rated films may not align with advertisers' target markets[115]. - The company may struggle to maintain high CPMs in the upfront markets due to shifts in advertising spending and competition[121]. - The loss of a major content partner or advertising client could significantly reduce revenue, as a small number of clients account for a large portion of total revenue[123]. Corporate Governance and Structure - The founding members of NCM LLC may have interests that differ from those of public stockholders, potentially influencing corporate actions and governance[150]. - Conflicts of interest may arise among NCM LLC's founding members, which could hinder the company's ability to achieve its business goals[155]. - The company's certificate of incorporation contains anti-takeover provisions that may discourage strategic transactions, even if beneficial to stockholders[160]. - NCM LLC's operating agreement allows other members to influence operations, which may discourage nominations to the Board of Directors[161]. Cash Flow and Dividend Policy - The company intends to distribute substantially all of its free cash flow in the form of dividends to stockholders, with a regular quarterly dividend planned for the foreseeable future[187]. - NCM LLC's ability to distribute cash is subject to statutory and contractual restrictions based on its financial performance, which could impact the company's ability to pay dividends[144]. Legal and Regulatory Compliance - Compliance with various regulations may result in increased operating expenses and potential liabilities, affecting the company's financial results[139]. - User information collected through online and mobile services may lead to legal liability if privacy laws are not adequately followed[137]. - The company is involved in ordinary legal proceedings but does not anticipate any material adverse effects on its financial condition[176].

Financial Performance (Q3 2019 vs Q3 2018) - Total revenue increased by 0.4% to $110.5 million[7] - Adjusted OIBDA decreased by 3.5% to $51.7 million[7] - National Sales revenue increased by 1.9% to $82.3 million[7] - Local revenue decreased by 3.4% to $16.8 million[7] - Regional revenue decreased by 8.9% to $4.1 million[7] - Beverage revenue decreased by 1.4% to $7.3 million[8] Financial Performance (YTD 2019 vs YTD 2018) - Total revenue decreased by 2.1% to $297.6 million[26] - Adjusted OIBDA decreased by 4.0% to $124.0 million[26] - National Sales revenue decreased by 0.2% to $213.9 million[26] - Local revenue decreased by 3.5% to $47.3 million[26] - Regional revenue decreased by 14.5% to $14.2 million[26] - Beverage revenue decreased by 7.5% to $22.2 million[26] Other Key Metrics - The company completed refinancing of its $400 million notes due in 2022; the new notes bear interest at 5.875% and are due in 2028[9, 27] - Total first and second party data sets are 75 million, up from 20 million a year ago[9]

National CineMedia, Inc. (NASDAQ:NCMI) Q3 2019 Results Earnings Conference Call November 4, 2019 5:00 PM ET Company Participants Katie Scherping - CFO Mark Segall - Chairman Tom Lesinski - CEO Cliff Marks - President Conference Call Participants Eric Handler - MKM Partners Mike Hickey - the Benchmark Company Eric Wold - B. Riley & Company Jim Goss - Barrington Research Operator Greetings. Welcome to National CineMedia, Inc. Conference Call. At this time, all participants are in a listen-only mode. A questio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q ____________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2019 Commission file number: 001-33296 _____________________________________________ NATIONAL CINEMEDIA, INC. (Exact name of registrant as specified in its charter) ___________________________________________ ...

National CineMedia, Inc. (NASDAQ:NCMI) Q2 2019 Earnings Conference Call August 5, 2019 5:00 PM ET Company Participants Katie Scherping - CFO Mark Segall - Chairman Tom Lesinski - CEO Cliff Marks - President Conference Call Participants Jim Goss - Barrington Research Operator Greetings. Welcome to National CineMedia, Inc. Q2 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please ...