Q4 ‘20 Earnings Supplemental Presentation
Forward-Looking Statements
This presentation contains various forward-looking statements that reflect management's current expectations or beliefs regarding future events. Investors are
cautioned that reliance on these forward-looking statements involves risks and uncertainties. Although the Company believes that the assumptions used in the
forward-looking statements are reasonable, any of these assumptions could prove to be inaccurate and, as a result, actual results could differ materially from
those expressed or implied in the forward-looking statements. The factors that could cause actual results to differ materially from those expressed or implied in
the forward-looking statements are, among others, 1) level of theater attendance or viewership of the Noovie pre-show; 2) the impact of pandemics, epidemics
or disease outbreaks, such as the novel coronavirus (COVID-19); 3) increased competition for advertising expenditures; 4) changes to relationships with NCM
LLC's founding members; 5) inability to implement or achieve new revenue opportunities; 6) failure to realize anticipated benefits of the 2019 amendments to
the Company's exhibitor service agreement with Regal and Cinemark; 7) technological changes and innovations; 8) economic conditions, including the level of
expenditures on cinema advertising; 9) our ability to renew or replace expiring advertising and content contracts; 10) our need for additional funding, risks and
uncertainties relating to our significant indebtedness; 11) reinvestment in our network and product offerings may require significant funding and resulting
reallocation of resources; 12) fluctuations in operating costs; and 13) changes in interest rates. In addition, the outlook provided does not include the impact of
any future unusual or infrequent transactions; sales and acquisitions of operating assets and investments; any future non-cash impairments of intangible and
fixed assets; amounts related to litigation or the related impact of taxes that may occur from time to time due to management decisions and changing business
circumstances. The Company is currently unable to forecast precisely the timing and/or magnitude of any such amounts or events. Please refer to the
Company's Securities and Exchange Commission filings, including the "Risk Factor" section of the Company's Annual Report on Form 10-K for the year ended
December 31, 2020, and the Company's Quarterly Reports on Form 10-Q for the quarters ended March 26, 2020, June 25, 2020 and September 24, 2020 for
further information about these and other risks. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only
as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result, of new information, future
events or otherwise, except as required by law.
This presentation contains references to Non-GAAP financial measures including Adjusted OIBDA (Operating Income Before Depreciation and Amortization,
Amortization of intangibles recorded for network theater screen leases, excluding share based payment costs, impairment of long-lived assets, and CEO
transition costs). A reconciliation of these measures is available in this presentation and on the investor page of the Company's website at www.ncm.com.
NCM
NATIONAL CINEMEDIA
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