Reading International Inc · NASDAQ:RDI
Reading International — Shareholder Meeting (December 2022)
66 slides from Reading International's shareholder meeting presentation, Dec 15, 2022
Slide 1: 2022 Annual Meeting of Stockholders
2022 ANNUAL MEETING OF STOCKHOLDERS DECEMBER 15, 2022
Slide 2: 2022 Annual Meeting of Stockholders – Agenda
2022 ANNUAL MEETING OF STOCKHOLDERS – AGENDA I. WELCOME AND INTRODUCTIONS MARGARET COTTER Chair, Serving as Presiding Officer II. ESTABLISHMENT OF SATISFACTION OF MEETING PREREQUISITES S. CRAIG TOMPKINS (SATISFACTION OF NOTICE AND QUORUM REQUIREMENTS); Executive Vice President and MEETING CALLED TO
Slide 3: 2022 Annual Meeting of Stockholders – Agenda
2022 ANNUAL MEETING OF STOCKHOLDERS – AGENDA V. VOTING VI. REVIEW AND ANNOUNCEMENT OF PRELIMINARY VOTING SYLVIA MORALES RESULT Computershare Inspector of Elections V ADJOURNMENT OF ANNUAL STOCKHOLDERS MEETING MARGARET COTTER Presiding Officer Chair VIII. MANAGEMENT PRESENTATION AND QUESTION & ANSWER
Slide 4: Disclaimers
DISCLAIMERS Our comments today may contain forward-looking statements This presentation is intended to summarize the projects on which we and management may make additional forward-looking are working and our plan for moving our Company forward. statements in response to your questions. Such written
Slide 5: Financial Reconciliations
FINANCIAL RECONCILIATIONS We use EBITDA in the evaluation of our Company’s performance since we believe that in the United States for purposes of analyzing our profitability. The exclusion of various EBITDA provides a useful measure of financial performance and value. We believe this components, suc
Slide 6: Two Businesses/Three Countries
v TWO BUSINESSES/THREE COUNTRIES REAL ESTATE CINEMA UP TO 21,000 SF 14,000 SF 24,000 SF • Operations in 7 70,077 SF states (including Retail/office 75% interest in 2 Off Office building Brands: D.C) 23 Reading building in NYC building Broadway in Culver City, UNITED Locations 14th Cinemas, NYC (pote
Slide 7: Synergistic Diversification Strategy Supports Long Term Value
v SYNERGISTIC DIVERSIFICATION STRATEGY SUPPORTS LONG TERM VALUE REAL ESTATE & CINEMA REVENUE (Diver sifi e d by business line and geogr aphy) * GLOBAL * GLOBAL P R OPERTY P R OPERTY 9% 8% 91% 92% * GLOBAL * GLOBAL C I NEMA C I NEMA UN I TED UNITED STA TES 45% 46% AUSTRALIA STATES 49% 43% AUSTRALIA 9
Slide 8: Our Mission
OUR MISSION STRATEGICALLY DRIVE THE DEVELOPMENT AND OPERATION OF OUR GLOBAL REAL ESTATE AND CINEMA ASSETS TO CREATE LONG-TERM STOCKHOLDER VALUE BY STRATEGICALLY MONETIZING FIVE PROPERTIES IN 2021, WE PROTECTED OUR STOCKHOLDERS AND NAVIGATED THE IMPACTS OF PANDEMIC SHUTDOWNS, PRESERVING OUR FOUNDATIO
Slide 9: 2021 Asset Monetizations and Recovery from COVID-19
DUE TO THE 2021 ASSET MONETIZATIONS, WE CONTINUED OUR RECOVERY FROM UNPRECEDENTED COVID-19 CRISIS IN 2022 • Unlike many other cinema and real estate companies, we protected our stockholders and did not issue equity thereby diluting existing stockholder positions (except nominal amounts under existin
Slide 10: Committed to Preserving Long-Term Stockholder Value
COMMITED TO PRESERVING LONG-TERM STOCKHOLDER VALUE DUAL BUSINESS STRATEGY Pre-COVID, our stable cinema cash flows enabled the growth of our real estate Real Estate & Cinemas portfolio without disproportionately increasing our debt levels. With no eligibility for U.S. federal funding through the Shut
Slide 11: Our Cinema Industry Survived the COVID-19 Shutdowns
OUR CINEMA INDUSTRY SURVIVED THE COVID-19 SHUTDOWNS 2021 & 2022 • Audiences embraced the shared community experience of movies on the Big Screen when the content was both compelling and properly marketed to the theatrical audience. • Studios reinforced commitment to theatrical window. 2023 & BEYOND
Slide 12: James Cameron quote on cinema
“Theaters are full again and moviegoers of the world have declared resoundingly that we need this. We need this ability to gather together to sit in these great dark spaces and to dream together with our eyes wide open in a cinema. To me tonight is not about a new Avatar film. It’s about cinema….It’
Slide 13: Q3 2022 Metrics Demonstrate Operational Recovery
Q3 2022 METRICS DEMONSTRATE OPERATIONAL RECOVERY REVENUES OPERATIONAL INCOME (LOSS) $180 $0 $155.9 $160 -$5 $140 -$10 -$11.0 -$6.7 $120 -$15 $100 -$20 $80 $89.1 -$20.1 $60 $51.2 -$25 $40 -$30 $20 $31.8 -$35 -$37.5 $0 Q3 2021 Q3 2022 YTD Sep YTD Sep -$40 2021 2022 Q3 2021 Q3 2022 YTD Sep 2021 YTD Sep
Slide 14: Q3 2022 Metrics Demonstrate Operational Recovery
Q3 2022 METRICS DEMONSTRATE OPERATIONAL RECOVERY ADJUSTED EBITDA NET EARNINGS (LOSS) $80 $40 $70 $34.5 $71.4 $30 $60 $20 $50 $40 $10 $30 $0 $20 -$10.2 -$10 -$5.3 $10 $3.9 $4.5 -$20 $0 -$2.4 -$23.2 -$10 -$30 Q3 2021 Q3 2022 YTD Sep 2021 YTD Sep Q3 2021 Q3 2022 YTD Sep YTD Sep 2022 2021 2022 Q3 YTD Se
Slide 15: Global Real Estate Strategy
GLOBAL REAL ESTATE STRATEGY 2023 • Continue to execute operational, marketing, leasing and capital investment strategies to engage with our communities and increase the value of our real estate assets. • Complete the leasing of 44 Union Square, our key New York City development project. • Advance re
Slide 16: AU/NZ Real Estate Portfolio
7 MULTI-TENANTED PROPERTIES 267,784 SF (24,878m2) of Third-Party Space AU/NZ REAL ESTATE 75 THIRD-PARTY TENANTS Over 256,181 SF SF (23,800m2 ) PORTFOLIO 5 LAND PARCELS IMPROVED WITH READING CINEMAS 202,651 SF (18,826m2 ) 2 UNDEVELOPED LAND PARCELS 84,173 SF (7,820m2)
Slide 17: AU/NZ Real Estate 2022 Highlights
AU/NZ REAL ESTATE 2022 HIGHLIGHTS 96% THIRD-PARTY TENANT OCCUPANCY RATE AS OF TODAY IMPROVED FROM Q1 2022 (90%) & Q2 2022 (92%)
Slide 18: Q3 2022 AU Real Estate Portfolio
Q3 2022 AU REAL ESTATE PORTFOLIO 65% INCREASE IN PROPERTY LEVEL CASH FLOW Restarted intercompany rent to Reading Cinemas. AU$270K Percentage Rent collected. AU$394K saved in external leasing commissions over the past two years due to internal leasing program. Vacancy rate reduced to 4% due to improv
Slide 19: Newmarket Village, Brisbane
WELL CURATED DEVELOPMENT ANCHORED BY READING CINEMA IN BRISBANE CITY (QLD) NEWMARKET VILLAGE ANCHORS AU REAL ESTATE PORTFOLIO TYPES OF TENANTS Third Party Tenants 48 Anchor Tenants Coles Supermarket Reading Cinemas Newmarket Hotel by ALH Net Rentable Square Feet 165,828 SF (15,406 m2) Occupancy YTD
Slide 20: Mixed-Use Cinema Anchored Center in Townsville
MIXED-USE READING CINEMA ANCHORED CENTER IN TOWNSVILLE (QLD) TYPES OF TENANTS Third Party Tenants 14 Anchor Tenants Reading Cinemas Kingpin QLD Gov’t Dept of Transport Net Rentable Square Feet 133,032 SF (12,359 m2) Occupancy YTD 92%* Weighted Average Lease Term 2.4 years** New Leases YTD 4 New or R
Slide 21: Cinema Anchored Center in Perth
READING CINEMA ANCHORED CENTER IN PERTH ( W E S TE R N A U S TR A L I A ) TYPES OF TENANTS Third Party Tenants 6 Anchor Tenants Reading Cinemas Dome Café Net Rentable Square Feet 60,118 SF (5,585 m2) Occupancy YTD 100%* Weighted Average Lease Term 4 years** New Leases YTD 1 New Lease 861 SF (80 m2)
Slide 22: YTD 2022 AU/NZ Real Estate Portfolio
YTD 2022 AU/NZ REAL ESTATE PORTFOLIO NEWMARKET VILLAGE , CANNON PARK & THE BELMONT COMMON 3 NEW LEASES (9,192 SF) / (854 m2 ) Signed with expiring tenancies 4 NEW LEASES (14,283 SF) / (1,327 m2 ) Signed with new operators improving our well curated tenancy mix 5 LEASE RENEWALS (27,125 SF) / (2,520 m
Slide 23: AU Property Portfolio
AU PROPERTY PORTFOLIO Q 3 2 0 2 2 C O M B I N E D A U T H I R D P A R T Y T E N A N T S A L E S I N C R E A S E ( V S . Q 3 2 0 2 1 ) +9%
Slide 24: AU/NZ Portfolio – Improving Percentage Rent
AU/NZ PORTFOLIO – IMPROVING PERCENTAGE RENT NEWMARKET VILLAGE THE BELMONT COMMON CANNON PARK Percentage Rent received A$270K due to increasing Third Party-Tenant Sales YTD 9/30/2022
Slide 25: Retail Ground Lease and Office Building
RETAIL GROUND LEASE REGIONAL MELBOURNE AREA • Multi-year ground lease situated in Waurn Ponds, a residential suburb of Victoria. • In addition to 8 screen Reading Cinema with TITAN LUXE, three tenants that are fully leased. 8000 SF OFFICE BUILDING SOUTH MELBOURNE, V IC • Building is located on York
Slide 26: Our Key Property Assets Wellington, NZ
OUR KEY PROPERTY ASSETS WELLINGTON, NZ 161,071 SF OF LAND 85,000 SF improved with Courtenay Central building - Reading Cinemas, 53,755 SF retail space and 4,843 SF office To ensure community’s safety, we temporarily closed Courtenay Central in early 2019 for seismic reasons. Two at-grade car parks O
Slide 27: New Zealand's Capital City Is…
NEW ZEALAND’S CAPITAL CITY IS… RANKED AS ONE OF THE THE COOLEST MOST LIVEABLE CITIES THE MOST BEAUTIFUL NEW ZEALAND’S MOST OFFICIALLY LARGE CITY IN LITTLE CAPITAL NEW ZEALAND’S MOST IN THE WORLD CREATIVE CAPITAL FOR DESIGNATED AS A AOTEAROA WALKABLE CITY Deutsche Bank (2018 - 2019) Named by Lonely P
Slide 28: Our Assets Are in the Te Aro Precinct
OUR ASSETS ARE IN THE TE ARO PRECINCT IN “THE HEART OF WELLINGTON CITY” ACROSS THE STREET FROM: • Tākina - Wellington’s new convention and exhibition centre owned by Wellington City Council (WCC) and opening mid-2023 • St. James Theatre - the recently renovated and strengthened crown jewel of Wellin
Slide 29: Assets in Wellington's Entertainment District
OUR ASSETS ARE LOCATED IN THE HEART OF WELLINGTON’S ENTERTAINMENT DISTRICT Courtenay Central St James Theatre Town Hall 1 with Reading 2 Upgrade and seismic 7 Redevelopment and Cinemas and strengthening seismic strengthening Wakefield Street Re-opened Due for and Tory Street Car August 2022 completi
Slide 30: View of Wellington Harbour from Courtenay Central
VIEW OF VIBRANT WELLINGTON HARBOUR FROM COURTENAY CENTRAL LOCATION
Slide 31: Wellington's Once-in-a-Generation Transformation
“WELLINGTON IS IN THE MIDST OF A ONCE-IN-A-GENERATION TRANSFORMATION IN HOW WE LIVE, WORK AND PLAY.” * BARBARA MCKERROW, CHIEF EXECUTIVE OF WELLINGTON CITY COUNCIL, PRE-ELECTION REPORT 2022 WCC PLANNING EXCITING RECENT WCC POPULATION INVESTMENTS NEXT TO INCREASING PROGRESS OUR ASSETS: The District P
Slide 32: 2022 & Beyond
2022 & BEYOND JULY 31, 2022 Completed second Urban Activation, a space for the public to enjoy, on our Wakefield Street property in collaboration with Wellington City Council. AUGUST 2022 Favorably resolved disputes regarding our pre-Earthquake, Pre- COVID development obligations to a third party. W
Slide 33: US Real Estate Portfolio
Up to 70,077 SF of net leasable area (inclusive of potential BOMA adjustments) comprised of retail & office – 44 Union Square 75% interest in a 21,000 SF NYC cinema building (with development potential of 80,000 SF, plus additional 16,000 SF of air rights) - Cinemas 123 US 9,000 SF Off Broadway styl
Slide 34: New York City Off-Broadway Theatres
NEW YORK CITY OFF-BROADWAY THEATRES COMPANY OWNS LAND & BUILDINGS MINETTA LANE THEATRE ORPHEUM THEATRE (approx. 9,000 SF) (approx. 5,000 SF) • One stage (399 seats) in the heart of New York City’s West • One stage (347 seats) in the heart of New York City’s East Village Village • Licensed through Ma
Slide 35: Recent Accolades – Signature Development
RECENT ACCOLADES 2022 The American Architecture Award for Restoration and Renovation ACEC NY Engineering Excellence Award Building/Technology Systems Diamond Award 2021 Society of American Registered Architects National, Design Award of Honor in the Renovation, Restoration, and Adaptive Re-use categ
Slide 36: 44 Union Square Flagship Tenant
NYC Flagship store of International Retail Tenant (over three levels) is anticipated to open in the first half 2023 Cash rent from tenant to begin in Q4 2022 Discussions continue with potential tenants attracted to the iconic and unique dome roof for remaining four levels of rentable space CBRE, exc
Slide 37: Culver City Office, Cinemas 123, Reading Viaduct
24,000 SF OFFICE BLDG. CULVER CITY, CA • Culver City and neighboring Playa Vista are now home to Google, Facebook, Microsoft, IMAX, Vevo, Verizon, Electronic Arts, Sony, Apple, Amazon, HBO and TikTok. • One full floor currently serves as one of the Company’s operational and administrative centers an
Slide 38: Global Cinema Strategy
GLOBAL CINEMA STRATEGY 2023-2024 • Proactively adjust our operating, programming and marketing strategies to take into account the wide-ranging impacts of the pandemic. • Grow cinema-based business through a disciplined approach to renovations and new opportunities.
Slide 39: 62 Movie Theaters Across Australia, New Zealand and US
62 MOVIE THEATERS (505 SCREENS) ACROSS AUSTRALIA, NEW ZEALAND AND THE UNITED STATES AUSTRALIA NEW ZEALAND UNITED STATES • 27 locations / 207 screens • 12 locations / 70 screens • 23 locations / 228 screens • 4th largest exhibitor* • 3rd largest exhibitor* • 14th largest exhibitor* • Two new cinemas
Slide 40: Cinema Portfolio Competitive Advantage
CINEMA PORTFOLIO COMPETITIVE ADVANTAGE NZ INTERNATIONAL PORTFOLIO 7% AU CINEMA AU AND NZ ARE TWO STABLE ECONOMIES WITH STRONG LOCAL FILM US NZ CINEMA AU 51% PRODUCTION, ENHANCING PROGRAMMING LED BY HOLLYWOOD MOVIES 42% US CINEMA • 49% of our Total Theater Revenues generated in AU and NZ* OWNERSHIP V
Slide 41: 2022 Global Industry Box Office Recovering
2022 GLOBAL INDUSTRY BOX OFFICE RECOVERING COVID-19 MATERIALLY IMPACTED THE 2021 INDUSTRY BOX OFFICE, BUT 2022 BOUNCED BACK TTM NOVEMBER 2022 2019 BOX OFFICE 2021 BOX OFFICE BOX OFFICE Global $42.5 Billion $21.4 Billion $26.8 Billion (down 50% vs. 2019) (down 37% vs. 2019) North America $10.9 Billio
Slide 42: 2023 Blockbuster Line-Up
2023 BLOCKBUSTER LINE-UP BLOCKBUSTER FAMILY FRANCHISES FAVORITES 5 4 14+ 8+ MOVIES MOVIES MOVIES MOVIES
Slide 43: 2023 Blockbuster Line-Up
2023 BLOCKBUSTER LINE-UP INCLUDES HIGHLY-ANTICIPATED ORIGINAL TENTPOLES MAR 3 Dungeons & Dragons: Honor Among Thieves JUL 21 Oppenheimer JUL 21 Barbie DEC 15 Wonka
Slide 44: Angelika in NYC – 2022 Specialty Films That Delivered
ANGELIKA IN NYC – 2022 SPECIALTY FILMS THAT DELIVERED WORST PERSON THE BANSHEES DECISION TO LEAVE IN THE WORLD OF INISHERIN Opening Week Box Office Opening Week Box Office Opening Week Box Office Second Highest Opening Week Third Highest Opening Week Fourth Highest Opening Week Since Since Since Jan
Slide 45: Angelika in NYC – 2022 Specialty Films That Delivered
ANGELIKA IN NYC – 2022 SPECIALTY FILMS THAT DELIVERED TAR PARALLEL MOTHERS FIRE OF LOVE Opening Week Box Office Box Office Box Office Sixth Highest Opening Week Engagement over Engagement over Since January 2020 $235,000 $125,000 Since release in Since release in $56,000 December 2021 July 2022
Slide 46: Continuing Box Office Trend
CONTINUING BOX OFFICE TREND 2022 – AU/NZ FILM PRODUCTION SUPPORTS LOCAL BOX OFFICE AUSTRALIA NEW ZEALAND AU$2.9M AU$2.4M AU$1.85M AU$0.3M NZ$1.5M NZ$1.3M NZ$0.3M NZ$0.2M • Third film in the • Filmed and funded • Stars and • Local Doc about • Ranked #24 of all • Ranked #26 of • Second Disney • Third
Slide 47: Creative Programs & Experiences
CONTINUE TO DELIGHT OUR GUESTS WITH CREATIVE PROGRAMS & EXPERIENCES To supplement the release schedule and improve overall seat occupancy percentages, our global programming teams will continue to create exclusive content programs or series to keep our audiences engaged with our brands.
Slide 48: Investment in Cinema Portfolio Since 2015
AFTER SIGNIFICANT INVESTMENT IN OUR CINEMA PORTFOLIO SINCE 2015, CIRCUIT IS READY FOR POST COVID-19 RECOVERY RECLINER SEATING • 48% of US screens feature Luxury Recliner Seating • 29% of AU/NZ screens feature Luxury Recliner Seating PREMIUM LARGE FORMAT (PLF) SCREENS • 35% of US theaters feature at
Slide 49: F&B Spend Per Person – Global Five-Year Growth
F&B SPEND PER PERSON – GLOBAL FIVE-YEAR GROWTH (US, AU & NZ) US $8 $7.48 $7.51 AU $7 $6.73 $7.21 $6.05 NZ $6 $5.84 $5.56 $5.52 $4.99 $5.67 $4.91 $5 $4.90 $4.62 $4.51 $4 $4.12 $3 2018 2019 2020 2021 2022 YTD SEP *All in functional currency
Slide 50: 2022 – F&B Focus Drives Solid Spend Per Patron
2022 – F&B FOCUS DRIVES SOLID SPEND PER PATRON RECORD F&B SPEND PER PATRON SET BY AU AND NZ DIVISIONS THROUGH 2022, CONTINUED F&B FOCUS DRIVES REVENUES US $7.18 SECOND HIGHEST Q3 AU $7.32 NZ (+2% vs. Q3 2021) RECORD $6.28 QUARTER (+9% vs. Q3 2021) RECORD QUARTER
Slide 51: AU and NZ F&B Online Ordering
AU and NZ, F&B online ordering currently accounts for $0.45 of SPP and $0.31 of SPP, respectively. YTD Oct 2022, our AU and NZ F&B SPP have Launched F&B online ordering in increased by 9.7% and 10.3%, respectively, AU/NZ at end of 2021. since 2021. *SPP dollar amounts were obtained from Showtime Ana
Slide 52: U.S. Cinema Renovations Over Next 12 Months
U.S. CINEMA RENOVATIONS OVER NEXT 12 MONTHS ANGELIKA FILM CENTER & CAFÉ CONSOLIDATED THEATRE IN DALLAS, TX IN KAPOLEI, HI • Full Top-to-Bottom Renovation with • Complete Phase 2 of Theater recliner seating • Renovation: Add full elevated F&B offer • Elevated F&B menu • Patio redesign • Lobby redesig
Slide 53: Australia Cinema Portfolio
2 NEW BUILDS Angelika-QLD Reading Cinema with TITAN LUXE-WA AUSTRALIA 13 SCREENS CINEMA PORTFOLIO GROWTH 1 TITAN LUXE OVER NEXT 12 MONTHS 3 IN-THEATER DINING SCREENS 13 ELEVATED F&B SCREENS Including liquor
Slide 54: New Zealand Cinema Portfolio
Renovated and re-launched our 5 screen Reading Cinema in Invercargill on November 24, 2022 Our project was part of stage one of Invercargill Central, an exciting new inner-city mixed-use NEW development that is transforming the region ZEALAND CINEMA Converted one screen to Premium PORTFOLIO featurin
Slide 55: Expanding Angelika Brand – New International Angelika
FUTURE FOCUS ON EXPANDING ANGELIKA BRAND FIRST NEW INTERNATIONAL STATE-OF-THE-ART ANGELIKA TO OPEN • First international Angelika Film Centre opens in Brisbane area (QLD) in mid 2023 in the sophisticated mixed-use development, South City Square • 8 screens featuring all luxury recliners • Elevated F
Slide 56: Expanding Angelika Brand – Membership Program
FUTURE FOCUS ON EXPANDING ANGELIKA BRAND MEMBERSHIP PROGRAM LAUNCHES IN U.S. On April 29, 2022, we launched the Angelika Membership Program in 9 theaters (55 screens). Membership sign up increases month-to-month. Effective platform to market and promote to our unique and sophisticated audiences.
Slide 57: Financial Review
FINANCIAL REVIEW GILBERT AVANES EXECUTIVE VICE PRESIDENT CHIEF FINANCIAL OFFICER & TREASURER
Slide 58: Summary Financial Data
SUMMARY FINANCIAL DATA NINE MONTHS ENDED STATEMENT OF OPERATIONS SEPTEMBER 30, 2022 ($ in thousands, except per share data) 2022 2021 2020 Revenues $ 155,908 $ 89,142 $ 62,841 Operating Income (Loss) (20,080) (37,461) (46,610) Interest Expense, net (10,242) (10,437) (6,176) Gain (Loss) on Sale of As
Slide 59: Summary Financial Data
SUMMARY FINANCIAL DATA STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2021 ($ in thousands, except per share data) 2021 2020 Revenues $ 139,060 $ 77,862 Operating Income (Loss) (41,793) (61,313) Interest Expense, net (13,688) (9,354) Gain (Loss) on Sale of Assets and Other Income (Expense) 95,981 2
Slide 60: Summary Balance Sheet
SUMMARY BALANCE SHEET ($ in thousands) 9/30/2022 12/31/2021 12/31/2020 Cash and Cash Equivalents $ 39,628 $ 83,251 $ 26,826 Receivables 4,601 5,360 2,438 Other Current Assets 14,462 11,695 27,203 Total Current Assets 58,691 100,306 56,467 Operating Property, Net 281,910 306,657 353,125 Operating Lea
Slide 61: Financing Matters Subsequent to Filing Q3 2022 Form 10Q
FINANCING MATTERS SUBSEQUENT TO FILING Q3 2022 FORM 10Q BANK OF AMERICA / U.S. CINEMA LOAN • On November 29, 2022, we further amended our credit agreement with Bank of America. This new amendment extends the maturity date to March 1, 2024 and includes a new progressive payment schedule, in addition
Slide 62: Reading International Debt Summary
READING INTERNATIONAL DEBT DEBT SUMMARY AS OF SEPTEMBER 30, 2022 A S O F DE CEMBER 3 1 , 2 0 21 Corporate and/or Expiration Contractual Capacity Unused Contractual Capacity Unused ($ in thousands) Property Year Capacity Used Capacity Capacity Used Capacity Debt Trust Preferred Securities C 2027 $ 27
Slide 63: 2001-Sept 2022 TTM Yearly Financial Trend
2001-SEPT 2022 TTM YEARLY FINANCIAL TREND in US$ Notes: Data presented above have been adjusted to reflect adjustments, if any, to prior years based on the latest K’s and Q’s. *Asset Value reflects amounts set forth in Reading public filings (10-Ks and 10-Qs). In many instances, the amounts do not r
Slide 64: Core Values & Guiding Principles
THE CORE VALUES & GUIDING PRINCIPLES INSPIRED BY OUR FOUNDER SUPPORTED US THROUGH COVID-19 CRISIS AND RECOVERY E MP A THET IC ap p r o ach t o o u r st akeh o ld ers E NT R E PRE NE URI AL ap p r oach t o o u r b u sin ess E D U C AT ED an alysis u n d er p ins o u r st r at eg ies E NG A G ING o u
Slide 65: Thank You
THANK YOU WE ARE STILL HERE OUR REAL ESTATE IS STRONG OUR CINEMAS ARE RECOVERING
Slide 66: Q&A Session
Q&A SESSION
Reading International — Shareholder Meeting (December 2022) on 6ix