Marcus Corporation (the) · NYSE:MCS
Marcus Corporation (the) — The Marcus — Shareholder Meeting (May 2020)
35 slides from Marcus Corporation (the)'s shareholder meeting presentation, May 6, 2020
Slide 1: Annual Shareholders' Meeting May 6, 2020
Slide 2: Corporate Leadership Team
Corporate Leadership Team Gregory S. Marcus Thomas F. Kissinger Douglas A. Neis Rolando B. Rodriguez President and CEO Senior Executive Vice President, Executive Vice President, Executive Vice President, General Counsel and Secretary Chief Financial Officer and Treasurer The Marcus Corporation Chair
Slide 3: Business Meeting
Business Meeting 3
Slide 4: Forward Looking Statement
Forward Looking Statement Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such
Slide 5: Board of Directors
Board of Directors 5
Slide 6: Board of Directors
Board of Directors Stephen H. Marcus Gregory S. Marcus Diane Marcus Gershowitz Timothy E. Hoeksema Allan H. (Bud) Selig Chairman of the Board, President and CEO, Real Estate Management and Retired Chairman, President & CEO, Commissioner Emeritus, The Marcus Corporation The Marcus Corporation Investm
Slide 7: Compensation of Named Executive Officers
Compensation of Named Executive Officers 7
Slide 8: Selection of Independent Registered Public Accounting Firm
Selection of Independent Registered Public Accounting Firm 8
Slide 9: Business Meeting
Business Meeting 9
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Slide 11: Impact of COVID-19
By Impact of COVID-19 the Numbers • Priority is the safety and well-being of our associates, customers and communities • Temporarily closed all theatres • Temporarily closed all restaurants, bars, and hotels 11
Slide 12: The Marcus Corporation
the marcus (OQQRPORATION
Slide 13: Response to the COVID-19 Pandemic
ResponseBy tothe the COVID-19 Pandemic Numbers • Entered crisis from a position of strength due to philosophy of maintaining a strong balance sheet • New financing agreement further strengthens financial position but has requirements including temporarily suspending quarterly dividend payments • Oth
Slide 14: 2019 Record Revenues
2019 Record Revenues Division Highlights: • Marcus Theatres outperformed the industry for 6 straight years • Marcus Hotels & Resorts opened Saint Kate – The Arts Hotel 14
Slide 15: To Our Associates: Thank you!
To Our Associates: Thank you! 15
Slide 16: Challenges and Opportunities
Challenges and Opportunities 16
Slide 17: Grow Our Business
Grow OurBy Business the Numbers • Movie Tavern added 208 screens at 22 locations in nine states • In-theatre dining in 32 locations and 37% of theatres 17
Slide 18: Invest in Our Circuit
ByInvest in Our Circuit the Numbers • Movie Tavern by Marcus at Brookfield Square opened fall 2019 • DreamLoungers in 77% of first-run screens • At least one premium large format screen at 72% of first-run theatres • One or more in-lobby dining concepts in 62% of first-run theatres Highest percentag
Slide 19: Innovative Marketing and Promotion Momentum
InnovativeByMarketing the Numbersand Promotion Momentum 4 million Magical Movie Rewards members! 19
Slide 20: First Quarter 2020
First By the Quarter 2020 Numbers • Good start through February • Focusing on new ways to bring in revenue 20
Slide 21: Strong Film Slate in the Second Half 2020
Strong Film Slate Byin theSecond Numbers Half 2020 21
Slide 22: Resorts
SORTS RE = = =) ise = |
Slide 23: Saint Kate – The Arts Hotel
marcus? HOTELS & RESORTS Saint Kate — The Arts Hotel USA TODAY. ]OBEST
Slide 24: Hyatt Regency Schaumburg
marcus? HOTELS & RESORTS Hyatt Regency Schaumburg
Slide 25: Well Positioned for Success
Well Positioned for Success • Pursuing additional management contracts and development opportunities 25
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Slide 27: 2019 Results
2019 Results Revenues (in millions) Operating Income (in millions) $900 $820.9 Up 16% $90 $83.2 $800 $707.1 $80 $700 $68.2 $70 $600 $60 $500 $50 $400 $40 $300 $30 $200 $20 $100 $10 $0 $0 2018 2019 2018 2019 27
Slide 28: 2019 Results
2019 Results Net Earnings (in millions) Adjusted EBITDA (in millions) $60 $180 $53.4 $160 $149.4 $155.2 $42.0 $140 $40 $120 $100 $80 $20 $60 $40 $20 $0 $0 2018 2019 2018 2019 28
Slide 29: First Quarter Fiscal 2020 Results
First Quarter Fiscal 2020 Results 29
Slide 30: First Quarter Highlights
First Quarter Highlights • Total revenues, operating income and net income lower than in the prior year quarter due to the impact of COVID-19, including property closures and nonrecurring items. Adjusted EBITDA remained positive at $12.1 million. • Marcus Theatres continued to outperform the industr
Slide 31: Financially Strong
Financially Strong • Amendment to credit agreement included a new $90.8 million term loan • Debt-to-capitalization ratio of 37% at end of Q1 2020 is lower than many of our peers • Significant real estate ownership reduces monthly fixed lease payments • $126 million cash balance at end of quarter • P
Slide 32: Thank You for Your Confidence and Support
Thank You for Your Confidence and Support 85 Years of Making Memories 32
Slide 33: Shareholder Comments & Questions
Shareholder Comments & Questions 33
Slide 34: Thank You Gift
Thank You Gift Request via email at InvestorRelations@MarcusCorp.com 34
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