Reading International Inc · NASDAQ:RDI
Reading International — Shareholder Meeting (December 2022)
66 slides from Reading International's shareholder meeting presentation, Dec 16, 2022
Slide 1: 2022 Annual Meeting of Stockholders
Reading INTERNATION 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 (SATISFACTION OF NOTICE AND QUORUM REQUIREMENTS); MEETING CALLED TO ORDER S. CRAIG TOMPKINS Executive Vice Presiden
Slide 3: 2022 Annual Meeting of Stockholders Agenda (continued)
2022 ANNUAL MEETING OF STOCKHOLDERS AGENDA V VOTING VI. REVIEW AND ANNOUNCEMENT OF PRELIMINARY VOTING RESULT SYLVIA MORALES Computershare Inspector of Elections V ADJOURNMENT OF ANNUAL STOCKHOLDERS MEETING MARGARET COTTER Presiding Officer Chair VIII. MANAGEMENT PRESENTATION AND QUESTION & ANSWER SE
Slide 4: Disclaimers
Reading INTERNATIONAL DISCLAIMERS 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 Litigatio
Slide 5: Financial Reconciliations
FINANCIAL RECONCILIATIONS 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 measu
Slide 6: Two Businesses/Three Countries
TWO BUSINESSES/THREE COUNTRIES REAL ESTATE CINEMA UNITED STATES AUSTRALIA NEW ZEALAND 23 Locations 27 Locations 12 Locations 228 Screens 207 Screens 70 Screens 14 th Largest Exhibitor* 4 th Largest Exhibitor* 3 rd Largest Exhibitor* Brands: Reading Cinemas Consolidated Theatres Angelika Film Center
Slide 7: Synergistic Diversification Strategy Supports Long Term Value
SYNERGISTIC DIVERSIFICATION STRATEGY SUPPORTS LONG TERM VALUE REAL ESTATE & CINEMA REVENUE (Diversified by business line and geography) * GLOBAL PROPERTY 9% * GLOBAL CINEMA UNITED STATES 45% 46% Australia 9% New Zeland 2021 Global Property 8% Global Cinema 92% United States 49% Australia 43% New Zel
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 FOUNDATI
Slide 9: Continued Recovery from COVID-19 Crisis After 2021 Asset Monetizations
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 existing
Slide 10: Committed to Preserving Long-Term Stockholder Value
COMMITED TO PRESERVING LONG-TERM STOCKHOLDER VALUE DUAL BUSINESS STRATEGY Real Estate & Cinemas Pre COVID, our stable cinema cash flows enabled the growth of our real estate 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 Stro
Slide 12: James Cameron quote on theaters being full again
“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 $31.8 $51.2 $89.1 $155.9 Q3 +$19.4 YTD Sep. +$66.8 OPERATIONAL INCOME (LOSS) -$11.0 -$6.7 -$37.5 -$20.1 Q3 +$4.3 YTD Sep. +$17.4 *Units in Millions.
Slide 14: Q3 2022 Metrics Demonstrate Operational Recovery
Q3 2022 METRICS DEMONSTRATE OPERATIONAL RECOVERY ADJUSTED EBITDA -$2.4 $3.9 $71.4 $4..5 Q3 +$6.3 YTD Sep. -$66.9 NET EARNINGS (LOSS) -$10.2 -$5.3 $34.5 -$23.2 Q3 +$4.9 YTD Sep. -$57.5 Note: Units in Millions. With respect to our YTD September 2021 metrics, $71.4 million of Adjusted EBITDA and $34.5
Slide 15: Global Real Estate Strategy
GLOBAL REAL ESTATE STRATEGY 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-developmen
Slide 16: AU/NZ Real Estate Portfolio
AU/NZ REAL ESTATE PORTFOLIO 7 MULTI TENANTED PROPERTIES 267,784 SF (24,878 m 2 of Third Party Space 75 5 LAND PARCELS IMPROVED WITH READING CINEMAS 202,651 SF 18 ,826 m 2 THIRD PARTY TENANTS Over 256,181 SF SF (23,800 m 2 2 UNDEVELOPED LAND PARCELS 84,173 SF ( 7,820 m 2
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$270K Percentage Rent collected. AU$ 394 K saved in external leasing commissions over the past two years due to internal leasing program. Vacancy rate reduced to 4% due to impro
Slide 19: Newmarket Village
Newmarket VILLAGE Well curated development ANCHORED BY READING CINEMA In Brisbane CITY (QLD) NEWMARKET VILLAGE ANCHORS AU REAL ESTATE PORTFOLIO 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: Cannon Park Mixed-Use
CANNON PARK MIXED-USE READING CINEMA ANCHORED CENTER IN TOWNSVILLE (QLD) 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 Vacancies YTD 4
Slide 21: The Belmont Common
THE BELMONT COMMON Reading cinema anchored center in perth (western Australia) 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 Vacancies 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 m 2 Signed with expiring tenancies 4 NEW LEASES 14,283 SF) / ( 1,327 m 2 Signed with new operators improving our well curated tenancy mix 5 LEASE RENEWALS ( 27,125 SF) / ( 2,520 m
Slide 23: AU Property Portfolio Q3 2022
AU PROPERTY PORTFOLIO Q3 2022 COMBINED AU THIRD PARTY TENANT SALES INCREASE (VS.Q3 2021) +9%
Slide 24: AU/NZ Portfolio Improving Percentage Rent
AU/NZ PORTFOLIO IMPROVING PERCENTAGE RENT NEWMARKET VILLAGE THE BELMONT COMMON CANNON PARK A$270K Percentage Rent received due to increasing Third Party Tenant Sales YTD 9/30/2022
Slide 25: Retail Ground Lease and Office Building, Melbourne
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, VIC Building is located on York Street
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. One of a very few remainin
Slide 27: New Zealand's Capital City
NEW ZEALAND’S CAPITAL CITY IS… NEW ZEALAND’S MOST WALKABLE CITY October 2022 University of Canterbury 35% of all residents lived within a 10 minute walk of all amenities RANKED AS ONE OF THE MOST LIVEABLE CITIES IN THE WORLD Deutsche Bank (2018 2019) “Wellington had the second highest quality of lif
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 Wellington
Slide 29: Assets in the Heart of Wellington's Entertainment District
OUR ASSETS ARE LOCATED IN THE HEART OF WELLINGTON’S ENTERTAINMENT DISTRICT Courtenay Central with Reading Cinemas and Wakefield Street and Tory Street Car Parks at the heart Bars and restaurants Let’s Get Wellington Moving Golden Mile (Courtenay Place to Lambton Quay) revitalization to prioritize wa
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 POPULATION INCREASING Wellington forecasts to increase new residents by up to 50,000 to 80,000 in next 30 year
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. We
Slide 33: US Real Estate Portfolio
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 9,000 SF
Slide 34: New York City Off-Broadway Theatres
NEW YORK CITY Off-Broadway Theatres COMPANY OWNS Land & Buildings Minetta lane theatre (approx. 9,000 SF) One stage (399 seats) in the heart of New York City’s West Village Licensed through March 2024 to Audible, a subsidiary of Amazon, who produces limited-run productions and live-recorded events O
Slide 35: Union Square
44 UNION SQUARE 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 catego
Slide 36: Union Square NYC
44 UNION SQUARE NYC Flagship store of International Retail Tenant (over three levels) is anticipated to open in the first half 2023 Discussions continue with potential tenants attracted to the iconic and unique dome roof for remaining four levels of rentable space Cash rent from tenant to begin in Q
Slide 37: Culver City Office Building and Cinemas 123
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 and th
Slide 38: Global Cinema Strategy 2023-2024
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: Movie Theaters (505 Screens) Across AU, NZ and US
62 MOVIE THEATERS (505 SCREENS) ACROSS AUSTRALIA, NEW ZEALAND AND THE UNITED STATES AUSTRALIA NEW ZEALAND UNITED STATES • 27 locations / 207 screens • 4 th largest exhibitor* • Two new cinemas in 2023 pipeline • Operations began in 1996 over 26 years of operating experience • 12 locations / 70 scree
Slide 40: Cinema Portfolio Competitive Advantage
Cinema Portfolio COMPETITIVE ADVANTAGE INTERNATIONAL PORTFOLIO AU and NZ ARE Two stable economies with strong local FILM PRODUCTION, ENHANCING programming led BY HOLLYWOOD MOVIES • 49% of our Total Theater Revenues generated in AU and NZ* OWNERSHIP VS. LEASING Reduces monthly occupancy costs, provid
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 2019 BOX OFFICE 2021 BOX OFFICE TTM NOVEMBER 2022 BOX OFFICE Global $42.5 Billion $21.4 Billion (down 50% vs. 2019) $26.8 Billion (down 37% vs. 2019) North America $10.9 Billio
Slide 42: 2023 Blockbuster Line-Up
2023 BLOCKBUSTER LINE-UP MARVEL 5 MOVIES DC 4 MOVIES BLOCKBUSTER FRANCHISES 14+ MOIVES FAMILY FAVORITES 8+ MOVIES
Slide 43: 2023 Blockbuster Line-Up Includes Original Tentpoles
2023 BLOCKBUSTER LINE-UP INCLUDES HIGHLY-ANTICIPATED ORIGINAL TENTPOLES MAR 3 JUL 21 JUL 21 DEC 15 Dungeons & Dragons: Honor Among Thieves Oppenheimer Barbie Wonka
Slide 44: Angelika in NYC – 2022 Specialty Films That Delivered
ANGELIKA IN NYC – 2022 SPECIALTY FILMS THAT DELIVERED WORST PERSON IN THE WORLD Opening Week Box Office Second Highest Opening Week Since January 2020 $97,307 DECISION TO LEAVE Opening Week Box Office Third Highest Opening Week Since January 2020 $82,403 THE BANSHEES OF INISHERIN Opening Week Box Of
Slide 45: Angelika in NYC – 2022 Specialty Films That Delivered
ANGELIKA IN NYC – 2022 SPECIALTY FILMS THAT DELIVERED TAR Opening Week Box Office Sixth Highest Opening Week Since January 2020 $56,000 PARALLEL MOTHERS Box Office Engagement over Since release in December 2021 $235,000 FIRE OF LOVE PARALLEL MOTHERS Box Office Engagement over $125,000 Since release
Slide 46: Continuing Box Office Trend – AU/NZ Film Production
CONTINUING BOX OFFICE TREND 2022 – AU/NZ FILM PRODUCTION SUPPORTS LOCAL BOX OFFICE WOG BOYS AU$2.9M Third film in the franchise • Played for almost 3 months HOW TO PLEASE A WOMAN AU$2.4M Filmed and funded in AU Played for over 7 months THE DROVER’S WIFE THE LEGEND OF MOLLY JOHNSON AU$1.85M Stars and
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: Significant 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 ( SCREENS • 35 of US theaters feature at least o
Slide 49: F&B Spend Per Person – Global Five-Year Growth
F&B SPEND PER PERSON – GLOBAL FIVE-YEAR GROWTH (US, AU & NZ) $4.99 $5.52 $5.84 $7.48 $7.51 US $4.62 $4.91 $5.65 $6.73 7.21 AU $4.12 $4.51 $4.90 $5.56 $6.05 NZ *All in functional currency
Slide 50: 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 NZ $6.28 (+9% VS Q3 2021) RECORD QUARTER AU $7.32 (+2% vs. Q3 2021) RECORD QUARTER
Slide 51: F&B Online Ordering in AU and NZ
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 increased by 9.7% and 10.3%, respectively, since 2021. Launched F&B online ordering in AU/NZ at end of 2021. *SPP dollar amounts were obtained from Showtime Ana
Slide 52: U.S. Cinema Renovations Over Next Months
U.S. CINEMA RENOVATIONS OVER NEXT 12 MONTHS ANGELIKA FILM CENTER & CAFÉ IN DALLAS, TX Full Top-to-Bottom Renovation with recliner seating Elevated F&B menu Lobby redesign Re-Launches Q1 2023 CONSOLIDATED THEATRE IN KAPOLEI, HI Complete Phase 2 of Theater Renovation: Add full elevated F&B offer Patio
Slide 53: Australia Cinema Portfolio Growth Over Next Months
AUSTRALIA CINEMA PORTFOLIO GROWTH OVER NEXT 12 MONTHS 2 NEW BUILDS 13 SCREENS 1 TITAN LUXE 3 IN THEATER DINING SCREENS 13 ELEVATED F&B SCREENS Including liquor
Slide 54: New Zealand Cinema Portfolio
NEW ZEALAND CINEMA PORTFOLIO 2022 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 development that is transforming the region Converted one screen to Premium fea
Slide 55: Future Focus on Expanding Angelika Brand
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&B off
Slide 56: Angelika Membership Program Launches in U.S.
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: Reading International Financial Review
READING INTERNATIONAL FINANCIAL REVIEW Gilbert Avanes Executive Vice President Chief Financial Officer & Treasurer
Slide 58: Summary Financial Data – Nine Months Ended September 30, 2022
SUMMARY FINANCIAL DATA STATEMENT OF OPERATIONS NINE MONTHS ENDED 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 – Year Ended December 31, 2021
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 to
Slide 62: Reading International Debt
READING INTERNATIONAL DEBT AS OF SEPTEMBER 30, 2022 AS OF DECEMBER 31, 2021 ($ in thousands) Corporate and/or Property Debt Expiration Year Contractual Capacity Capacity Used Unused Capacity Contractual Capacity Capacity Used Unused Capacity Trust Preferred Securities C 2027 $ 27,913 $ 27,913 $ - $
Slide 63: 2001-Sept 2022 TTM Yearly Financial Trend
2001-SEPT 2022 TTM YEARLY FINANCIAL TREND in US$ 7001 Pieicnrij »:? OT1 7034 703$ 7036 7037 7038 7009 7010 7011 3017 7011 7014 701$ 7016 7017 7018 7019 7070 7071 OT/W77 I'M MAlHll' $170.595 $183.773 $77 7066 $730.377 $33 3.037 S7S9.731 $346.071 $37 1.830 $406.417 <430.349 $430.76« $438.388 $386.807
Slide 64: Core Values & Guiding Principles Inspired by Our Founder
JAMES J. COTTER SR. THE CORE VALUES & GUIDING PRINCIPLES INSPIRED BY OUR FOUNDER SUPPORTED US THROUGH COVID-19 CRISIS AND RECOVERY EMPATHETIC approach to our stakeholders ENTREPRENEURIAL approach to our business EDUCATED analysis underpins our strategies ENGAGING our guests is paramount to our succ
Slide 65: Thank You
READING INTERNATIONAL THANK YOU WE ARE STILL HERE OUR REAL ESTATE IS STRONG OUR CINEMAS ARE RECOVERING
Slide 66: Q&A Session
READING INTERNATIONAL Q&A SESSION
Reading International — Shareholder Meeting (December 2022) on 6ix