National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q1 2025 Earnings Presentation
9 slides from National Cinemedia's earnings presentation, May 6, 2025
Slide 1: 1Q'25 Earnings Supplemental Presentation
1Q’25 Earnings Supplemental Presentation May 6, 2025
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, including statements regarding the Company’s anticipated future financial performance. Investors are cautioned that reliance on
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted OIBDA, Unlevered Free Cash Flow and Adjusted Operating Expense Adjusted Operating Income Before Depreciation and Amortization (“Adjusted OIBDA”), Unlevered free cash flow and Adjusted Operating Expense are not financial measures calculated in accordance with GAAP
Slide 4: 1Q'25 Key Highlights
1Q’25 Key Highlights • 1Q’25 revenue of $34.9M was within our revenue guidance range of $34.0M to $36.0M primarily due to Box Office under-performance and economic uncertainty ̶ Total revenue was down 7% driven mostly by lower attendance • 1Q’25 Adj. OIBDA of $(9.0)M was also within our guidance ran
Slide 5: 1Q'25 Results vs. Guidance
1Q’25 Results vs. Guidance 1Q’25 Revenue 1Q’25 Adjusted OIBDA $36.0 $34.9 $34.0 ($7.5) ($9.5) ($9.0) Low High Actual Low High Actual Management Guidance Management Guidance 5
Slide 6: NCM, Inc. 1Q'25 & 2024 Financial Results
NCM, Inc. 1Q’25 & 2024 Financial Results Quarter Ended (in millions, unaudited) March 28, June 27, September 26, December 26, March 27, 2024 2024 2024 2024 2025 Attendance 75.8 92.8 121.6 100.7 72.3 Revenue $37.4 $54.7 $62.4 $86.3 $34.9 Operating Expenses Network Operating Costs 3.6 3.7 3.3 3.1 3.1
Slide 7: Adjusted OIBDA & Unlevered Free Cash Flow Reconciliation for NCM, Inc.
Adjusted OIBDA & Unlevered Free Cash Flow Reconciliation for NCM, Inc. Quarter Ended (in millions, unaudited) March 28, June 27, September 26, December 26, March 27, 2024 2024 2024 2024 2025 Operating loss $(22.7) $(9.2) $(7.6) $20.0 $(23.9) Depreciation expense 1.1 1.1 1.3 1.1 1.1 Amortization expe
Slide 8: Adjusted Operating Expense Reconciliation for NCM, Inc.
Adjusted Operating Expense Reconciliation for NCM, Inc. Quarter Ended (in millions, unaudited) March 28, June 27, September 26, December 26, March 27, 2024 2024 2024 2024 2025 Operating expense $60.1 $63.9 $70.0 $66.3 $58.8 Depreciation expense (1.1) (1.1) (1.3) (1.1) (1.1) Amortization expense (9.5
Slide 9: Investor Contact Media Contact
Investor Contact Media Contact Chan Park Doug Serton investors@ncm.com press@ncm.com