National Cinemedia, Inc. · NASDAQ:NCMI
National Cinemedia — Q1 2026 Earnings Presentation
10 slides from National Cinemedia's earnings presentation, May 12, 2026
Slide 1: 1Q’26 Earnings Supplemental Presentation
1Q’26 Earnings Supplemental Presentation May 12, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation release 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 reli
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’26 Key Highlights
1Q’26 Key Highlights • 1Q’26 attendance of 83M was up 15% vs. 1Q’25, driven by the addition of Spotlight attendance into the NCM network • 1Q’26 revenue of $34.0M decreased 3% vs. $34.9M in 1Q’25, primarily due to increased competition for ad spend from the Winter Olympics, coupled with the one-week
Slide 5: 1Q’26 Results vs. Guidance
1Q’26 Results vs. Guidance 1Q’26 Revenue 1Q’26 Adjusted OIBDA $36.5 ($10.0) ($10.5) ($13.0) $34.0 $32.5 Low High Actual Low High Actual Management Guidance Management Guidance 5
Slide 6: NCM, Inc. 1Q’26 & 2025 Financial Results
NCM, Inc. 1Q’26 & 2025 Financial Results Quarter Ended (in millions, unaudited) March 27, June 26, September 25, January 1, April 2, 2025 2025 2025 2026 2026 Attendance 72.3 115.3 108.7 107.4 83.2 Revenue $34.9 $51.8 $63.4 $93.2 $34.0 Operating Expenses Network Operating Costs 3.1 3.2 3.2 3.5 4.0 Th
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 27, June 26, September 25, January 1, April 2, 2025 2025 2025 2026 2026 Operating income (loss) $(23.9) $(12.0) $(1.8) $23.8 $(26.9) Depreciation expense 1.1 1.1 1.1 1.3 1.5 Amortizati
Slide 8: Adjusted Operating Expense Reconciliation for NCM, Inc.
Adjusted Operating Expense Reconciliation for NCM, Inc. Quarter Ended (in millions, unaudited) March 27, June 26, September 25, January 1, April 2, 2025 2025 2025 2026 2026 Operating expense $58.8 $63.8 $65.2 $69.4 $60.9 Depreciation expense (1.1) (1.1) (1.1) (1.3) (1.5) Amortization expense (9.3) (
Slide 9: Adjusting 1Q’25 Revenue for Fiscal Shift and Pro Forma Spotlight
Adjusting 1Q’25 Revenue for Fiscal Shift and Pro Forma Spotlight reconciliation for NCM, Inc. Adjusted national revenue and adjusted local revenue to a comparable basis are not financial measures calculated in accordance with GAAP in the United States. Adjusted national and local revenue represents
Slide 10: Investor Contact Media Contact
Investor Contact Media Contact Chan Park press@ncm.com investors@ncm.com