Financial Data and Key Metrics Changes - Consolidated total revenues for 2020 decreased dramatically to $77.9 million from $276.8 million in 2019, resulting in an operating loss of $61.3 million and a net loss of $65.2 million [10][76] - For Q4 2020, consolidated total revenues decreased 81% to $15 million compared to Q4 2019, leading to a Q4 operating loss of $12.7 million and a net loss of $17.4 million [10][76] - Adjusted EBITDA for Q4 2020 was negative $7.8 million, a decrease of $16.1 million compared to the same period last year [83] Business Line Data and Key Metrics Changes - Global cinema total revenues for Q4 2020 were $12.1 million, down from $65.3 million in Q4 2019, with an operating loss of $12.7 million compared to an operating income of $6.8 million in Q4 2019 [24][76] - The real estate segment saw a 44% decrease in total revenue to $3 million for Q4 2020, with an operating loss of $1 million [57] Market Data and Key Metrics Changes - As of December 31, 2020, 74% of global cinemas were open and trading, with 100% of theaters in Australia and New Zealand operational, while 79% of U.S. cinemas were open [25][37] - The box office for the opening weekend of "Godzilla vs. Kong" in the U.S. grew 77% compared to the next highest weekend since March 2020, while in Australia and New Zealand, it grew 48% and 58% respectively [8][9] Company Strategy and Development Direction - The company is focused on recovery from the COVID-19 pandemic, leveraging its diversified strategy in cinemas and real estate across Australia, New Zealand, and the U.S. [11][12] - Management has emphasized the importance of maintaining liquidity and has not diluted equity or sought bankruptcy protection during the crisis [23] - The company plans to continue expanding its private screening program and has launched a streaming platform, Angelika Anywhere, to adapt to changing consumer preferences [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing the strong performance of "Godzilla vs. Kong" and the ongoing vaccine rollout as positive indicators for recovery [6][22] - The company believes that the exhibition business will remain viable despite the rise of streaming, as long as compelling content is delivered [48][49] - Future film release schedules are expected to be packed with potential blockbusters, which is anticipated to drive cinema attendance [50][52] Other Important Information - The company successfully sold two non-income producing assets for a total of $67.1 million, which will help improve liquidity [13][54] - The management team has implemented significant cost reductions, including a 33% decrease in corporate G&A expenses compared to 2019 [19] Q&A Session Summary Question: What are the plans for the former railroad property adjacent to Reading Viaduct in Philadelphia? - The company is contesting the lawsuit regarding the property and exploring all available options for these assets [98][99] Question: Can you provide details on the post-tax amount for the two divestitures? - The company sold land in Manukau, New Zealand for NZD 77 million and land in Coachella, California for $11 million, with available cash after tax being approximately NZD 70 million and USD 5 million respectively [100][101] Question: When will capital expenditures return to normalized levels? - Capital expenditures will return to normalized levels only after the cinema and real estate segments stabilize and return to pre-COVID-19 operating levels [102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 No. 1-8625 READING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorpo ...

Reading International, Inc. (NASDAQ:RDI) Q3 2020 Earnings Conference Call November 11, 2020 8:00 AM ET Company Participants Andrzej Matyczynski – Executive Vice President-Global Operations Ellen Cotter – President and Chief Executive Officer Gilbert Avanes – Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading InternationalÂ's Earnings Call to discuss our 2020 Third Quarter Results. My name is Andrzej Matyczynski, and ...

Reading International, Inc. (NASDAQ:RDI) Q2 2020 Earnings Conference Call August 12, 2020 8:00 AM ET Company Participants Andrzej Matyczynski - EVP, Global Operations Ellen Cotter - President & CEO Gilbert Avanes - CFO Andrzej Matyczynski Thank you for joining Reading International's Earnings Call to discuss our 2020 Second Quarter Results. My name is Andrzej Matyczynski, and I'm Reading's Executive Vice President of Global Operations. With me are Ellen Cotter, our President and Chief Executive Officer; and ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2020 decreased by 20% to $49.2 million compared to Q1 2019, primarily due to the temporary closure of cinemas and live theatres due to COVID-19 [10][75]. - The company reported a net loss of $5.9 million in Q1 2020, an increase from a net loss of $2.1 million in Q1 2019 [11][77]. - Adjusted EBITDA decreased by $6.4 million to a negative $1.7 million in Q1 2020 compared to the same period in the prior year [80]. - Cash position as of March 31, 2020 was just under $55 million, with total debt at $263 million [11][84]. Business Line Data and Key Metrics Changes - Cinema revenues decreased by 20% to $46.3 million in Q1 2020 compared to Q1 2019, with an operating loss of $2.7 million [21][75]. - The U.S. cinema division saw a 27% revenue decline, reporting $23.3 million in Q1 2020 [24]. - Australian cinema revenues decreased by 9% to $19.6 million, with a 38% decrease in operating income [35]. - New Zealand cinema revenues decreased by 24% to $3.4 million, with a 25% decrease in attendance [44]. Market Data and Key Metrics Changes - The Australian dollar weakened by 7.7% and the New Zealand dollar by 6.8% against the U.S. dollar during Q1 2020 [9][77]. - Despite the challenges, the Australian cinema division set records for food and beverage spend per patron [16]. Company Strategy and Development Direction - The company emphasized a geographically diversified strategy combining cinema and real estate operations to navigate the COVID-19 crisis [15]. - Proactive measures included negotiating rent deferrals and postponing non-essential capital expenditures [22][29]. - The company plans to reopen cinemas with reduced ticket prices to attract customers back [97]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant impact of COVID-19 on operations and expressed confidence in the company's liquidity management practices [12][85]. - The reopening plan includes enhanced health and safety protocols to ensure guest safety [34]. - Management is optimistic about pent-up demand for cinema experiences once major films are released [105]. Other Important Information - The company has drawn down on all credit lines to enhance liquidity and is working with lenders on loan governance structures [83][102]. - The real estate business was less impacted by COVID-19, with some tenants remaining operational [49][60]. Q&A Session Summary Question: What will ticket pricing look like once U.S. assets open? - The company plans to open with reduced ticket prices to generate buzz and attract guests back to theatres, reverting to standard pricing once major titles are released [95][97]. Question: What is the current cash burn rate? - As of March 31, 2020, the company had just under $55 million in cash, with a current cash position of about $41 million [99]. Question: What are the plans for optimizing occupancy under capacity restrictions? - The company will curate film programming and may not open all screens initially, focusing on private screenings and flexible programming to maximize occupancy [104][105].

Reading International, Inc. (NASDAQ:RDI) Q1 2019 Earnings Conference Call May 14, 2019 8:00 AM ET Company Participants Andrzej Matyczynski – Executive Vice President-Global Operations Ellen Cotter – President and Chief Executive Officer Gilbert Avanes – Interim Chief Financial Officer and Treasurer Conference Call Participants Andrzej Matyczynski Thank you for joining Reading International's Earnings Call to discuss our 2019 First Quarter Results. My name is Andrzej Matyczynski, I'm Reading's Executive Vice ...