Q4’19 Earnings Supplemental Presentation
Q4 2019 Highlights versus Q4 2018
Financial:
Total revenue increased 7.1% to $147.2 million.
Record total ad revenue for the quarter
Adjusted OIBDA (¹) increased 9.6% to $83.5 million.
National Sales revenue increased 13.0% to $110.3 million.
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Record National Ad Sales for the quarter.
Attendance decline of 9.1% during the quarter.
Other:
On February 20, 2020, our board of directors declared a $0.19 quarterly dividend, representing a 12% increase in
the Company's regular quarterly cash dividend from $0.17 per share of common stock. This represents a $0.76
annual dividend.
Local revenue decreased 9.7% to $19.6 million.
Regional revenue decreased 1.9% to $10.5 million.
Beverage revenue decreased 8.1% to $6.8 million related to 8.2% founding member attendance decline.
On October 8, 2019, the Company completed the refinancing of its $400.0 million notes due 2022. The new $400
million notes bear interest at 5.875% and are due in 2028.
Total first and second party data sets are over 106 million as of December 26, 2019, up from 27 million a year ago.
(1) Adjusted OIBDA represents a non-GAAP measure (operating income before depreciation and
amortization and excluding non-cash share based costs and CEO transition costs). See reconciliation to
the comparable GAAP measure on slide 17 of this presentation.
NCM
NATIONAL CINEMEDIA
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