Q1’19 Earnings Supplemental Presentation
Q1 2019 Highlights versus Q1 2018
Financial:
Total revenue decreased 4.1% to $76.9 million.
Adjusted OIBDA (1) decreased 5.2% to $22.1 million.
National Sales revenue decreased 1.5% to $54.0 million compared to a record first quarter in 2018.
Record Q1 National business booked during the quarter.
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(1)
Record Q1 Make-Good of $4.7 million vs. $1.9 million in Q1'18. Attendance decline of 16.0% during the
quarter.
Beverage revenue decreased 16.3% to $6.7 million related to 15.8% founding member attendance decline.
Retired $5.0 million of 5.75% Unsecured Notes due 2026 at a discount of 7.75% (interest savings to maturity of
$2.1 million).
Other:
Local revenue decreased 5.2% to $12.8 million.
Regional revenue decreased 12.8% to $3.4 million.
Driven by the loss of two significant regional customers in the automotive and travel and tourism
categories. The Auto client, which accounted for most of the loss, converted over to our National platform
in 2019.
Noovie ARcade app over 2.1 million downloads as of the end of the first quarter.
Noovie Trivia-Shuffle game released April 26, 2019.
Adjusted OIBDA represents a non-GAAP measure (operating income before depreciation and
amortization and excluding non-cash share based costs, CEO transition costs and early lease termination
expense). See reconciliation to the comparable GAAP measure on slide 12 of this presentation.
NCM
NATIONAL CINEMEDIA
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