Reading International Inc · NASDAQ:RDI
Reading International — Q1 2026 Earnings Presentation
29 slides from Reading International's earnings presentation, May 19, 2026
Slide 1: Gabelli & Co presentation
im Gabelli & Co READING INTERNATIONAL ‘ : e nad mpany’s / June 7, 2018 @ - 2 | nites te ent & Broadcasting
Slide 2: Forward-looking statements
Our comments today may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. Such written and oral disclosures are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Although we
Slide 3: Use of EBITDA
We use EBITDA in the evaluation of our Company’s performance since we believe that EBITDA provides a useful measure of financial performance and value. We believe this principally for the following reasons: We believe that EBITDA is an accepted industry-wide comparative measure of financial performa
Slide 4: Presentation summarizes current management projects
This presentation is intended to summarize the projects on which management is currently working and management's plan for moving our Company forward. Many of the projects are in their early stages and will be subject to various Governmental and Board approvals. Accordingly, no assurances can be giv
Slide 5: Cinemas and real estate overview
Cinemas – Steady Cash Flow NASDAQ RDI & RDIB 1 • 59 theaters/477 screens in US, AU & NZ Market Cap $ 380.9 million (as of June 1, 2018) Real Estate in US, AU & NZ – Building Long Term Value Total Assets $ 427 million* • 6 Key Value Creation Projects Total Debt $ 149 million* • 9 Operating Properties
Slide 6: Synergistic mission of entertainment and real estate
Our supports the . The synergistic development of our entertainment and real estate assets . Our synergistic mission provides investors . In the US, Australia and New Zealand, our experienced management team creates value through the complementary nature of our existing entertainment and real estate
Slide 7: US cinemas
10th largest US exhibitor by box office (as of March 31, 2018) Theaters 27 Celebrating 100 years of Consolidated Theatres in Hawaii Screens 245* US Cinema Brands Angelika Film Center - Specialty brand inspired by Angelika Film Center in NYC, one of the highest grossing dedicated arthouses in North A
Slide 8: Australia and New Zealand cinemas
4th largest exhibitor in Australia by box office* 3rd largest exhibitor in New Zealand by box office* Theaters 21 Theaters 11 Screens 165** Screens 67** Australian Cinema Brand Reading Cinemas New Zealand Cinema Brand Reading Cinemas Geographically Diverse – Five Australian States Geographically Div
Slide 9: Cinemas with at least one premium screen
% of Cinemas with at least one Premium Screen By end of 2017 By end of 2018 By end of 2019 22% in US 26% in US 30% in US Today, one US cinema features 34% in AU/NZ 41% in AU/NZ 43% in AU/NZ IMAX. Exploring other US locations. * US Cinemas statistics includes one managed cinema; AU and NZ statistics
Slide 10: US premium screens by year
By end of 2017 30% of all US screens (74 screens total) By end of 2018 40% of all US screens (99 screens total) By end of 2019 50% of all US screens (122 screens total) * Includes four managed cinema screens
Slide 11: AU/NZ premium screens by year
By end of 2017 16% of all AU/NZ screens (33 screens total) By end of 2018 22% of all AU/NZ screens (45 screens total) By end of 2019 25% of all AU/NZ screens (52 screens total) * Statistics do not include joint ventures
Slide 12: US cinemas with elevated food and drink
US cinemas serving elevated Food & Drink menu and/or Liquor, Beer or Wine menu • By end of 2017 - 44% • By end of 2018 - 59% • By end of 2019 - 67% * Statistics include one managed cinema
Slide 13: Growth in AU/NZ cinema F&B revenue
Growth in AU/NZ Cinema F&B Revenue driven by addition of Gold Lounge & Premium auditorium offer By end of 2017 By end of 2018 By end of 2019 22 Gold Lounge auditoriums 22 Gold Lounge auditoriums 25 Gold Lounge auditoriums 14 Premium auditoriums 21 Premium auditoriums 23 Premium auditoriums
Slide 14: Cinema capital expenditure
US Cinemas 2017 – invested $18M 2018-2019* Expected to invest $46M to $47M Australian Cinemas 2017 – invested $8M** 2018-2019* Expected to invest $19M to $20M** New Zealand Cinemas 2017 – invested $1M** 2018-2019* Expected to invest $3M to $4M** *2018-2019 CAPEX numbers are preliminary in nature and
Slide 15: Cal Oaks cinema reopening
Cal Oaks (in Murrieta, CA) Re-opened in December 2017 • Luxury recliner seats in all 17 auditoriums • Two TITAN LUXE auditoriums • Full F&B Menu with Craft Beer, Wine & Cocktails • Reserved Seating via website & new Reading App
Slide 16: Spotlight: Our focus is on serving you
Spotlight 1 / Our focusis on serving you.
Slide 17: Australia portfolio updates
• Four Australian Entertainment Themed Centers (“ETC”) anchored by Reading Cinemas • Three of the ETCs in Australia are considered a Value Creation Project and one is considered an Operating Property • We own property under six Reading Cinemas in Australia (including ETCs) Current Australia Portfoli
Slide 18: New Zealand portfolio updates
• Value Creation Project: Courtenay Central - ETC in Wellington, New Zealand anchored by Reading Cinema • We own property under five Reading Cinemas in NZ (including ETC) • Future Value Realization Opportunity: 70 acres of undeveloped land close to the Auckland Airport in Manukau, NZ Current New Zea
Slide 19: US real estate portfolio
Union Square Building in New York City Cinemas 1, 2 & 3 Building in New York City 24,000 SF Executive Office Building in Culver City, CA Two Off-Broadway Theatres in New York City One Off-Broadway Theatre in Chicago 202 acre parcel of undeveloped land in City of Coachella, CA zoned for residential a
Slide 20: US real estate project priorities
Union Square Finish the construction within budget parameters and complete retail and office leases meeting our investment criteria. Cinemas 123 Work to complete joint venture agreement with adjacent neighbors while evaluating other options. Minetta Lane Theatre Evaluate property to determine highes
Slide 21: South City Square rendering, Brisbane
Architectural rendering of South City Square, major mixed use development in Brisbane. RDI leasing an 8 screen Reading Cinema, expected to open 2020.
Slide 22: Quarterly financial results
Revenues $ 75,822 $ 69,454 Operating Income 5,643 5,528 Interest Expense, net 1,594 1,860 Income Taxes 1,155 1,703 Net Income Attributable to Common Shareholders 3,047 3,029 Earnings Per Share - Attributable to Common Shareholders 0.13 0.13 EBITDA (1) $ 11,046 $ 10,526 Source: Form 10Q for the quart
Slide 23: Annual financial results
Revenues $ 279,734 $ 270,473 Operating Income 20,561 20,311 Interest Expense, net 6,194 6,782 Gain On Sale Of Assets 9,360 393 Gains On Insurance Recoveries 9,217 - Income Taxes 3,337 4,020 Net Income Attributable to Common Shareholders 30,999 9,403 Earnings Per Share - Attributable to Common Shareh
Slide 24: Balance sheet
Cash and Cash Equivalents $ 8,668 $ 13,668 Receivables 8,922 13,050 Other Current Assets 8,055 6,757 Total Current Assets 25,645 33,475 Operating Property, Net 269,578 264,724 Land Held for Sale - - Investment and Development Property, Net 66,944 61,254 Investment in Unconsolidated Joint Ventures an
Slide 25: Debt facilities and EBITDA reconciliation
Reconciliation of EBITDA to Net Loss $ - Trust Preferred Securities C 2027 $ 27,913 $ 27,913 U.S. Corporate Office P 2027 9,665 9,665 - Union Square Construction P 2019 57,500 9,155 48,345 (2) Financing Bank of America C 2019 60,000 31,000 29,000 Bank of America Digital Projector C 2019 4,031 4,031
Slide 26: Revenue, Adj EBITDA, assets and debt
$350,000 $500,000 $300,000 $400,000 $250,000 Revenue & Adj EBITDA Assets & Debt $300,000 $200,000 (000's) (000's) $150,000 $200,000 $100,000 $100,000 $50,000 $- $- $(50,000) $(100,000) 2001 3/31/2018 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Proforma TTM Assets*
Slide 27: 187% growth versus indices
187% Growth READING INTERNATIONAL RUSSELL 2000 NASDAQ CAPITAL MARKET COMPOSITE S&P 500 *6/21/2012 6/01/2018
Slide 28: Long-term stockholder value creation
We create long-term stockholder value through the opportunistic and synergistic development of entertainment and real estate assets. Our cinema business offers a stable cash flow. We are re-investing in our existing cinema portfolio by implementing our Global Cinema Strategy. We are improving ou
Slide 29: Thank you
Reading International — Q1 2026 Earnings Presentation on 6ix