National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q3 2024 Earnings Presentation
9 slides from National Cinemedia's earnings presentation, Nov 5, 2024
Slide 1: 3Q’24 Earnings Supplemental Presentation
3Q’24 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, including statements regarding the Company’s anticipated future financial performance. Investors are cautioned that reliance on
Slide 3: National CineMedia, LLC 3Q’24 & YTD’24 Key Highlights
National CineMedia, LLC 3Q’24 & YTD’24 Key Highlights 3Q’24 revenue of $62.4M (vs. $69.6M in the prior year) exceeded our revenue guidance range of $56.0M to $58.0M ̶ Total advertising revenue of $58.2 million was down 10% while attendance declined 8% y/y ̶ While the overall advertising marketplac
Slide 4: National CineMedia, LLC 3Q & YTD 2024 Financial Results
National CineMedia, LLC 3Q & YTD 2024 Financial Results Condensed Statements of Income (dollars in millions) Quarter ended Year to date (unaudited) March 28, 2024 June 27, 2024 September 26, 2024 Nine Months Ended REVENUE 37.4 54.7 62.4 154.5 OPERATING EXPENSES Network operating costs 3.6 3.7 3.3 10
Slide 5: 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 GAA
Slide 6: Adjusted OIBDA and Unlevered Free Cash Flow Reconciliation for NCM, LLC
Adjusted OIBDA and Unlevered Free Cash Flow Reconciliation for NCM, LLC Quarter ended Year to date (unaudited) March 28, 2024 June 27, 2024 September 26, 2024 Nine Months Ended Operating loss $ (22.7) $ (9.2) $ (7.5) $ (39.4) Depreciation expense 1.1 1.1 1.2 3.4 Amortization expense 9.5 9.4 9.5 28.4
Slide 7: Adjusted Operating Expense Reconciliation for NCM, LLC
Adjusted Operating Expense Reconciliation for NCM, LLC Quarter ended Year to date (unaudited) March 28, 2024 June 27, 2024 September 26, 2024 Nine Months Ended Operating Expense $ 60.1 $ 63.9 $ 69.9 $ 193.9 Depreciation expense (1.1) (1.1) (1.2) (3.4) Amortization expense (9.5) (9.4) (9.5) (28.4) Sh
Slide 8: 3Q’24 Results vs. Guidance
3Q’24 Results vs. Guidance 3Q’24 Revenue 3Q’24 Adjusted OIBDA $62.4 $56.0 $58.0 $8.8 $8.0 $6.0 Low High Actual Low High Actual Management Guidance Management Guidance 8
Slide 9: Investor Contact / Media Contact
Investor Contact Media Contact Chan Park Amy Tunick investors@ncm.com press@ncm.com 9