Q4 ‘20 Earnings Supplemental Presentation
National CineMedia Business Update - Covid-19 Impact
As of the end of December, 60% of theaters in our national cinema advertising network remained closed due to the COVID-19 pandemic. As
of March 8, 2021, 48% of the theaters in our national cinema advertising network remain closed.
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NCM LLC's theater access fees, network affiliate payments and Platinum Spot revenue share payments are driven by attendance, active
screens and revenue, and therefore, were not incurred for the duration that the theaters were closed and will be reduced for the period of
time that attendance is lower than historical levels.
NCM entered the global COVID-19 crisis in a strong financial position and maintained that strong position during the fourth quarter.
NCM LLC began the fourth quarter of 2020 with a cash balance of $157.4 million and ended the fourth quarter with a cash balance
of $123.9 million.
The accounts receivable balance, net of allowance for doubtful accounts, at the beginning of the fourth quarter was $9.0 million and
was $16.2 million at the end of the fourth quarter.
NCM LLC has a liquidity runway of 12-13 months before the consideration of the bank debt liquidity minimum financial covenant and
if we do not generate any further revenue.
NCM
NATIONAL CINEMEDIA
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