National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q1 2022 Earnings Presentation
11 slides from National Cinemedia's earnings presentation, May 9, 2022
Slide 1: Q1'22 Earnings Supplemental Presentation
Q1’22 Earnings Supplemental Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains various forward-looking statements that reflect management’s current expectations or beliefs regarding future events and results of operations, including statements concerning the ultimate impact of the COVID-19 pandemic on the Company and future
Slide 3: National CineMedia Business Update
National CineMedia Business Update • In-theater advertising for the first quarter of 2022 improved compared to the first quarter of 2021. • NCM has the following cash and receivable positions: - NCM LLC began the first quarter of 2022 with a cash balance of $58.6 million and ended the first quarter
Slide 4: Q1 2022 Highlights versus Q1 2021
Q1 2022 Highlights versus Q1 2021 Financial: • Total revenue increased 565% to $35.9 million. • Adjusted OIBDA(1) improved from negative $16.2 million to negative $6.8 million. • National Sales revenue increased 722% to $26.3 million. • Local and Regional revenue increased 259% to $6.1 million. • Be
Slide 5: Revenue (Q1)
Revenue (Q1) ($ in millions) 565% 722% 259% 600% $40.0 $35.9 $35.0 $30.0 $26.3 $25.0 $20.0 $15.0 $10.0 $6.1 $5.4 $3.5 $5.0 $3.2 $1.7 $0.5 $0.0 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Total National Local/Regional Beverage Revenue Revenue Revenue Revenue 5
Slide 6: Other Financial Metrics (Q1)
Other Financial Metrics (Q1) $0.2 $17.2 $2.5 $14.7 $0.0 $0.8 Q1 2022 (1) Q1 2021 (1) Q1 2022 Q1 2021 Q1 2022 Q1 2021 Capital Interest Integration Expenditures(2) Expense Payments(3) In Millions In Millions In Millions (1) Includes capital expenditures of $0.4 million in Q1 2022 related to our digita
Slide 7: Capital Structure Update
Capital Structure Update Q1 $1,156.4M $217.0M $115.1M 5.7% N/A 2022 Q1 $1,109.6M $167.0M $192.2M 5.2% N/A 2021 Total Debt Outstanding Consolidated Average Consolidated Outstanding Revolver Balance Cash and Interest Rate Total Leverage Investment on All Debt Ratio(2)(3) Balances(1) (Total Debt / Adju
Slide 8: Cash Dividends in Q2'22 and Annualized FY '22 Dividend
Cash Dividends in Q2’22 and Annualized FY ‘22 Dividend This quarterly dividend achieves two primary goals. First, it allows NCM Inc. to continue to pay a consistent dividend into the foreseeable future as we work through the deleveraging of our operating partnership NCM, LLC. This is consistent with
Slide 9: Financial Outlook
Financial Outlook Due to the continued uncertainties related to the COVID-19 pandemic over the near term and the impact of changes in consumer behavior on attendance following the reopening of the theaters, the Company is only providing revenue and Adjusted OIBDA guidance for the second quarter of 2
Slide 10: Operating Income to Adjusted OIBDA and Adjusted OIBDA Margin
Operating Income to Adjusted OIBDA and Adjusted OIBDA Margin $ in millions (1) Share-based compensation costs are included in network operations, selling and marketing and administrative expense. (2) The impairment of long-lived assets primarily relates to the write-off of certain internally develop
Slide 11: Thank You!
Thank You! National CineMedia, Inc. Investor Contact: Dan Dorenkamp 800-844-0935 investors@ncm.com 11