National CineMedia, Inc. (NASDAQ:NCMI) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET

Company Participants

Dan Dorenkamp – Director-Finance

Tom Lesinski – Chief Executive Officer

Ronnie Ng – Chief Financial Officer

Conference Call Participants

Jim Goss – Barrington Research

Mike Hickey – The Benchmark Company

Operator

Good day, and welcome to the National CineMedia, Inc. Q3 2023 Earnings Conference Call. Today all participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]

At this time, I would like to turn this conference over to Dan Dorenkamp, Director of Finance. Please, go ahead, sir.

Dan Dorenkamp

Thank you. Good afternoon. I'm joined today by our Chief Executive Officer, Tom Lesinski; and our Chief Financial Officer, Ronnie Ng. I would like to remind our listeners that this conference call contains forward-looking statements within the meaning of 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts communicated during this conference call may constitute forward-looking statements. These forward-looking statements involve risks and uncertainties. Important factors that can cause actual results to differ materially from the company's expectations are disclosed in the risk factors contained in the company's filings with the SEC. All forward-looking statements are expressly qualified in their entirety by such factors. Further, our discussion today includes some non-GAAP measures. In accordance with Regulation G, we have reconciled these amounts back to the closest GAAP basis measurement. These reconciliations can be found at the end of today's earnings release or on the Investor Relations page of our website at ncm.com.

Now, I'll turn the call over to Tom.

Tom Lesinski

Welcome to our third quarter 2023 earnings call. It's been about a year since we've done a public earnings call, and I'd like to take a brief moment to give an overview of NCM for those of you who are new to our story as there has been a lot of positive changes over the past year. So let's get started. National CineMedia is the long-term category leader in cinema advertising. And with over 18,000 screens in more than 1,400 theaters, the company annually reaches over half of the highly desirable 18 to 34 year old demographic and 73% of the opening weekend box office of the biggest U.S. movie releases. NCM maintains exclusive agreements with the three largest national cinema chains in the United States: AMC, Cinemark, and Regal, along with approximately 40 other agreements with affiliate theater chains. We recently completed a successful renegotiation with Regal for a new 10-year agreement, which will continue to create growth and value for the company.