Q4’19 Earnings Supplemental Presentation
Full Year 2019 Highlights versus Full Year 2018
Financial:
Total revenue increased 0.8% to $444.8 million.
Adjusted OIBDA (1) increased 1.0% to $207.5 million.
National Sales revenue increased 3.9% to $324.2 million.
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(1)
Record National Ad Sales for the year.
Local revenue decreased 5.4% to $66.9 million.
Regional revenue decreased 9.5% to $24.7 million.
Beverage revenue decreased 7.6% to $29.0 million related to 7.1% founding member attendance decline.
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.
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
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