Financial Data and Key Metrics Changes - For Q2 2023, the company's global total revenue reached $65.1 million, the highest since Q4 2019, representing 85% of Q2 2019 revenue [6] - Global operating income for Q2 2023 was $1.8 million, over 200% higher than Q2 2022, marking the highest since Q4 2019 [7] - The net loss attributable to the company increased to $2.8 million for Q2 2023, a $0.3 million increase from the previous year [60] - Adjusted EBITDA for Q2 2023 decreased by $1 million to $6.7 million, primarily due to weakened cinema operations in Australia and New Zealand [65] Business Line Data and Key Metrics Changes - Global cinema revenue for Q2 2023 was $61.1 million, a 1% decrease from Q2 2022 but 84% of Q2 2019 revenue [10][19] - Real estate revenue for Q2 2023 was $4 million, a 46% increase compared to Q2 2022, and the highest since Q4 2019 [13] - U.S. cinema revenue increased by 12% to $34 million compared to Q2 2022, marking the best performance since Q4 2019 [30] Market Data and Key Metrics Changes - The Australian cinema revenue decreased by 14% to $22.9 million compared to Q2 2022, but on a constant currency basis, it represented 93.5% of Q2 2019 revenue [39] - New Zealand cinema revenue for Q2 2023 was $4.1 million, an 11% decrease compared to Q2 2022 [50] Company Strategy and Development Direction - The company plans to sell certain assets to improve liquidity and strengthen its balance sheet, including properties in Culver City, California, and an industrial site in Pennsylvania [55][70] - The company is focused on enhancing its real estate investments and operating properties to deliver long-term value for shareholders [52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the cinema industry's recovery, citing strong box office performances from recent films like "Barbie" and "Oppenheimer" [21][23] - The company is monitoring the ongoing WGA and SAG-AFTRA strikes but does not anticipate significant impacts on performance unless major films are moved out of Q4 2023 [28][29] Other Important Information - The company reported cash and cash equivalents of $15.5 million as of June 30, 2023, with a global debt balance of $213.8 million [15] - The company achieved a total third-party occupancy rate of 95% in its Australian and New Zealand real estate portfolio [46] Q&A Session Summary Question: Plans for the Viaduct properties in Philadelphia - The company is in discussions with civic leaders about the Reading Viaduct and aims to ensure fair value for its assets while protecting shareholder interests [76][77] Question: Timing for cash payoff of deferred rent obligations - The company has a $9.5 million accrual rent liability, with $2 million reflecting deferred rent obligations that could extend up to 48 months [79][80] Question: Renovation plans for various cinemas - Renovations for the Angelika Dallas will start in Q4 2023, with partial closures expected [82][84] Question: Plans for retiring the Bank of America U.S. Cinema Term Loan - The company intends to retire the loan following the updated principal pay-down schedule while exploring different financing options [86][87] Question: Investor relations and analyst coverage - The company is working on initiatives to increase analyst coverage and plans to conduct at least two non-deal roadshows before the end of the year [89][92]

Reading International, Inc. (NASDAQ:RDI) Q1 2023 Earnings Conference Call May 17, 2023 9:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President of Global Operations Ellen Cotter - Vice Chairman, President and Chief Executive Officer Gilbert Avanes - Executive Vice President and Chief Financial Officer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International’s Earnings Call to discuss our 2023 First Quarter Results. My name is Andrzej Matyczynski, and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-8625 READING INTERNATIONAL, INC. (Exact name of Reg ...

Reading International, Inc. (NASDAQ:RDI) Q4 2022 Results Conference Call April 4, 2023 5:00 PM ET Company Participants Andre Matyczynski - Executive Vice President of Global Operations Ellen Cotter - President and Chief Executive Officer Gilbert Avanes - Executive Vice President, Chief Financial Officer and Treasurer Andre Matyczynski Thank you for joining Reading International Earnings Call to discuss our 2022 Year-end and Fourth Quarter Results. My name is Andre Matyczynski, and I'm Reading's Executive V ...

Financial Performance - Total revenues for the years ended December 31, 2020, 2021, and 2022 were $77.9 million, $139.1 million, and $203.1 million, respectively, compared to $276.8 million for the year ended December 31, 2019[20]. - As of December 31, 2022, the company had cash and cash equivalents totaling $29.9 million, down from $83.3 million at December 31, 2021[28]. - The company reduced its net bank debt from $236.9 million as of December 31, 2021, to $215.6 million as of December 31, 2022[28]. - The company generated approximately 58% of its 2022 revenue from box office receipts, with ticket prices varying by location[46]. - Food and beverage sales accounted for approximately 34% of total 2022 cinema revenue, with a strategic focus on expanding offerings[48]. - The company's gross revenues for 2022 were $100.1 million in the U.S., $87.8 million in Australia, and $15.2 million in New Zealand, representing increases from $61.8 million, $64.7 million, and $12.6 million in 2021 respectively[92]. Real Estate and Development - The company monetized certain non-core real estate assets, generating net proceeds of $139.4 million in 2021 to bridge the gap in cinema cash flow[28]. - The company has secured a long-term lease for part of its 44 Union Square redevelopment project with an affiliate of Petco[25]. - The real estate portfolio includes 44 Union Square, which has signed a lease with Petco for 42% of the leasable area, and has received multiple awards for its restoration and renovation[37]. - Newmarket Village in Brisbane comprises approximately 143,828 square feet of net rentable area, with a 98% lease rate as of December 31, 2022[37]. - The company has ongoing investment and development projects with a net book value of $8,792,000 related to undeveloped land in New Zealand[172]. Cinema Operations - All cinemas are open except for one location in Wellington, New Zealand, which is unlikely to reopen until redevelopment is completed[20]. - The company terminated its lease and permanently closed one U.S. cinema during 2022 and plans to close two additional U.S. cinemas[21]. - As of December 31, 2022, 187 Reading Cinemas screens feature luxury recliner seating, and 33 cinemas are equipped with premium auditoriums such as TITAN LUXE, TITAN XC, or IMAX[36]. - The company allocated $6.3 million for cinema upgrades and $2.6 million for non-cinema real estate investments in 2022, focusing on a "better, not bigger" strategy[40]. - The company plans to add two new cinemas totaling 13 screens in Australia by the end of 2023, including an eight-screen complex in Brisbane and a five-screen cinema in Busselton[206]. Market and Competition - The in-home streaming and mobile device entertainment industry has intensified competition, impacting theatrical releases and distribution timelines[60]. - The company is vulnerable to competition from streaming services and other entertainment options, which may reduce attendance at cinemas and live theatres[117]. - The company is competing with larger cinema operators who have better access to films and capital, which may limit its revenue and profitability[120]. - The company faces risks related to reduced consumer demand due to recessionary pressures and the ongoing impact of the COVID-19 pandemic on cinema operations and attendance[105]. Strategic Initiatives - The company launched its streaming service, Angelika Anywhere, in the U.S. and Australia, focusing on independent and foreign films[61]. - The company aims to enhance cinema experiences by investing in larger screens, improved sound, and specialized content to differentiate from home entertainment[62]. - The company is focusing on enhancing online ticketing capabilities and contactless experiences in 2023 to improve customer convenience[209]. Risks and Challenges - The company faces significant risks related to the ongoing impact of the COVID-19 pandemic, including potential disruptions to cinema operations and tenant businesses, which may affect rent payments and overall financial stability[107]. - Increased costs due to inflation are impacting wages, supplies, and services, which could adversely affect the company's real estate development and operational activities[112]. - The company is required to increase capital expenditures to enhance cinema offerings, such as luxury seating and expanded food and beverage options, to remain competitive[123]. - The company is exposed to various risks, including changes in government regulation, interest rates, and economic conditions that could affect consumer spending on entertainment[108]. Corporate Governance - The company has adopted a Code of Business Conduct and Ethics to guide its directors and employees in resolving ethical issues[98]. - The company emphasizes diversity in its workforce, with a board comprising three women and two men, and aims to reflect the communities served by its cinemas[94]. - As of December 31, 2022, Margaret Cotter holds 69% of the outstanding Class B stock, giving her significant control over corporate governance[156][157]. - The company is classified as a "Controlled Company" under NASDAQ regulations, opting out of certain corporate governance rules[162].

Reading International, Inc. (NASDAQ:RDI) Q3 2022 Earnings Conference Call November 11, 2022 5:00 PM ET Company Participants Andrzej Matyczynski - EVP, Global Operations Ellen Cotter - President & CEO Gilbert Avanes - EVP, CFO & Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International's earnings call to discuss our 2022 Third Quarter Results. My name is Andrzej Matyczynski, and I'm Reading's Executive Vice President of Global Operations. With me as usual, are Ell ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-8625 READING INTERNATIONAL, INC. (Exact name of ...

Reading International, Inc. (NASDAQ:RDI) Q2 2022 Earnings Conference Call August 11, 2022 8:00 AM ET Company Participants Andrzej Matyczynski - Executive Vice President, Global Operations Ellen Cotter - President & Chief Executive Officer Gilbert Avanes - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International's earnings call to discuss our 2022 second quarter results. My name is Andrzej Matyczynski, and I am ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-8625 READING INTERNATIONAL, INC. (Exact name of Regi ...

Reading International Inc. (NASDAQ:RDI) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET Company Participants Andrzej Matyczynski - EVP of Global Operations Ellen Cotter - President, CEO and Vice Chairman Gilbert Avanes - CFO, Executive VP and Treasurer Andrzej Matyczynski Thank you for joining Reading International's earnings call to discuss our 2022 first quarter results. My name is Andrzej Matyczynski, and I am Reading's Executive Vice President of Global Operations. With me, as usual, are Ellen ...