National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q2 2022 Earnings Presentation
14 slides from National Cinemedia's earnings presentation, Aug 8, 2022
Slide 1: Q2'22 Earnings Supplemental Presentation
Q2’22 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 second quarter of 2022 improved compared to the second quarter of 2021. • NCM has the following cash and receivable positions: - NCM LLC began the second quarter of 2022 with a cash balance of $76.2 million and ended the second quar
Slide 4: Q2 2022 Highlights versus Q2 2021
Q2 2022 Highlights versus Q2 2021 Financial: • Total revenue increased 379% to $67.1 million. • Adjusted OIBDA(1) improved from negative $18.7 million to $15.1 million. • National Sales revenue increased 490% to $50.7 million. • Local and Regional revenue increased 218% to $10.5 million. • Beverage
Slide 5: Revenue (Q2)
Revenue (Q2) ($ in millions) 379% 490% 218% 181% $80.0 $70.0 $67.1 $60.0 $50.7 $50.0 $40.0 $30.0 $20.0 $14.0 $10.5 $8.6 $5.9 $10.0 $3.3 $2.1 $0.0 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Total National Local/Regional Beverage Revenue Revenue Revenue Revenue 5
Slide 6: Other Financial Metrics (Q2)
Other Financial Metrics (Q2) $1.1 $20.4 $0.8 $0.9 $16.9 $0.2 Q2 2022 (1) Q2 2021 (1) Q2 2022 Q2 2021 Q2 2022 Q2 2021 Capital Interest Integration Expenditures(2) Expense Payments(3) In Millions In Millions In Millions (1) Includes capital expenditures of $0.4 million in Q2 2022 related to our digita
Slide 7: YTD 2022 Highlights versus YTD 2021
YTD 2022 Highlights versus YTD 2021 Financial: • Total revenue increased 431% to $103.0 million. • Adjusted OIBDA(1) improved from negative $34.9 million to $8.2 million. • National Sales revenue increased 553% to $77.0 million. • Local and Regional revenue increased 232% to $16.6 million. • Beverag
Slide 8: Revenue (YTD)
Revenue (YTD) ($ in millions) 431% 553% 232% 262% $120.0 $103.0 $100.0 $77.0 $80.0 $60.0 $40.0 $19.4 $16.6 $20.0 $11.8 $9.4 $5.0 $2.6 $0.0 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 YTD 2022 YTD 2021 Total National Local/Regional Beverage Revenue Revenue Revenue Revenue 8
Slide 9: Other Financial Metrics (YTD)
Other Financial Metrics (YTD) $1.3 $37.6 $31.6 $3.4 $0.2 $1.6 YTD 2022 (1) YTD 2021 (1) YTD 2022 YTD 2021 YTD 2022 YTD 2021 Capital Interest Integration Expenditures(2) Expense Payments(3) In Millions In Millions In Millions (1) Includes capital expenditures of $0.8 million in YTD 2022 related to ou
Slide 10: Capital Structure Update
Capital Structure Update Q2 $1,129.8M $217.0M $74.4M 6.0% N/A 2022 Q2 $1,108.8M $167.0M $149.0M 5.6% N/A 2021 Total Debt Outstanding Consolidated Average Consolidated Outstanding(1) Revolver Balance Cash and Interest Rate Total Leverage Investment on All Debt Ratio(3)(4) Balances(2) (Total Debt / Ad
Slide 11: Cash Dividends in Q3'22 and Annualized FY '22 Dividend
Cash Dividends in Q3’22 and Annualized FY ‘22 Dividend The Board of Directors continues to prioritize financial flexibility and maintaining adequate liquidity. Based on our current outlook, we expect NCM Inc. to continue to pay a consistent dividend into the foreseeable future as we work through the
Slide 12: Financial Outlook
Financial Outlook For the third quarter of 2022, the Company expects to earn total revenue of $53.0 million to $57.0 million, compared to total revenue for the third quarter 2021 of $31.7 million and Adjusted OIBDA in the range of $3.0 million to $7.0 million for the third quarter of 2022 compared t
Slide 13: 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 14: Thank You!
Thank You! National CineMedia, Inc. Investor Contact: Dan Dorenkamp 800-844-0935 investors@ncm.com 14