Q3’19 Earnings Supplemental Presentation
YTD 2019 Highlights versus YTD 2018
Financial:
Total revenue decreased 2.1% to $297.6 million.
Adjusted OIBDA (1) decreased 4.0% to $124.0 million.
National Sales revenue decreased 0.2% to $213.9 million.
●
●
●
●
●
(1)
Local revenue decreased 3.5% to $47.3 million.
Regional revenue decreased 14.5% to $14.2 million.
Beverage revenue decreased 7.5% to $22.2 million related to 6.7% 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).
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.
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
8View entire presentation