National CineMedia(NCMI) - 2021 Q4 - Earnings Call Presentation

Financial Performance - Q4 2021 - Total revenue increased by 304% to $63.5 million compared to Q4 2020[15] - National and Regional Sales revenue increased by 329% to $50.2 million compared to Q4 2020[15] - Local revenue increased by 134% to $8.2 million compared to Q4 2020[15] - Beverage revenue increased to $5.1 million from $0.5 million in Q4 2020[15] - Adjusted OIBDA improved from negative $9.9 million to positive $18.4 million[15] Financial Performance - FY 2021 - Total revenue increased 27% to $114.6 million compared to FY 2020[27] - National and Regional Sales revenue increased 28% to $85.7 million compared to FY 2020[27] - Local revenue increased 2% to $17.8 million compared to FY 2020[27] - Beverage revenue increased 79% to $11.1 million compared to FY 2020[27] - Adjusted OIBDA decreased 27% to negative $24.7 million[27] Liquidity and Capital Structure - NCM LLC began the fourth quarter of 2021 with a cash balance of $64.4 million and ended with $58.6 million[6] - The accounts receivable balance increased from $28.5 million to $53.0 million during Q4 2021[6] - A new $50 million revolving credit facility was secured on January 5, 2022, resulting in a ratings upgrade from S&P and $99.7 million of cash on hand[12] Cost Reduction - NCM LLC's headcount has been reduced by over 40% compared to pre-COVID-19 pandemic levels[8] Dividend - The dividend declared on March 3, 2022, is $0.05 per share for Q1 2022, representing an annualized dividend of $0.20 per share[40] Outlook - The company expects revenue of $32.0 to $35.0 million and Adjusted OIBDA of negative $7.0 million to negative $4.0 million for the first quarter of 2022[43]