Q3’19 Earnings Supplemental Presentation
Q3 2019 Highlights versus Q3 2018
Financial:
Total revenue increased 0.4% to $110.5 million.
Adjusted OIBDA (1) decreased 3.5% to $51.7 million.
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Recorded impairment charges of $2.0 million on certain of its investments.
National Sales revenue increased 1.9% to $82.3 million.
Attendance decline of 0.8% during the quarter.
Local revenue decreased 3.4% to $16.8 million.
Regional revenue decreased 8.9% to $4.1 million.
Continue to see the reallocation of spending from some of our larger Regional clients (including autos)
over to National.
Beverage revenue decreased 1.4% to $7.3 million related to 0.3% founding member attendance decline.
Other:
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 75 million, up from 20 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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