Company Transformation & Financial Restructuring - NCM eliminated $1.1 billion of debt and secured approximately $55 million of new capital through financial restructuring[31, 210] - The company reduced SG&A annual cost savings by 25% through streamlined business units and increased productivity[209] - NCM optimized its leverage ratio to zero funded debt and reduced annual interest expense by $1 million[69, 211] Financial Performance & Outlook - Total revenue for 2024 was $241 million, with Adjusted OIBDA of $46 million and Unlevered FCF of $58 million[66, 67] - The company is targeting a return to a pre-pandemic Adjusted OIBDA to Free Cash Flow conversion rate of +70-80%[231] - NCM plans to utilize $11.5 million of Unlevered Free Cash Flow in 2025 for a dividend of $0.12 per share annually[239] - Q1 2025 revenue guidance is $34.0 million - $36.0 million, with Adjusted OIBDA of $(9.5) million - $(7.5) million[245] Market Position & Growth Strategy - NCM has long-term contracts with the largest U S exhibitors, holding a 26% affiliate exhibitor market share[43, 44] - The company reaches over 400 million audience members, capturing over 70% of the opening weekend box office share[50] - NCM moviegoers spend $45 billion annually on travel[153]