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Reading International, Inc. (RDI) CEO Ellen Cotter on Q4 2020 Results - Earnings Call Transcript

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Reading International, Inc. (NASDAQ:RDI) Q4 2020 Earnings Conference Call April 5, 2021 8:00 AM ET

Company Participants

Andrzej Matyczynski - Executive Vice President of Global Operations

Ellen Cotter - President and Chief Executive Officer

Gilbert Avanes - Executive Vice President, Chief Financial Officer and Treasurer

Andrzej Matyczynski

Thank you for joining Reading International's earnings call to discuss our 2020 full year and fourth quarter results.

My name is Andrzej Matyczynski, and I'm Reading's Executive Vice President of Global Operations. With me, as usual, are Ellen Cotter, our President and Chief Executive Officer; and Gilbert Avanes, our Executive Vice President, Chief Financial Officer and Treasurer.

Before we begin the substance of the call, I will just run through the usual caveats. In accordance with the safe harbor provision of the Private Securities Litigation Reform Act of 1995, certain matters that will be addressed in this earnings call may constitute forward-looking statements. Such statements are subject to risks, uncertainties and other factors that may cause our actual performance to be materially different from the performance indicated or implied by such statements. Such risk factors are clearly set out in our SEC filings. We undertake no obligation to publicly update or revise any forward-looking statements.

In addition, we will discuss non-GAAP financial measures on this call. Reconciliations and definitions of non-GAAP financial measures, which are segment operating income, EBITDA and adjusted EBITDA are included in our recently issued 2020 fourth quarter earnings release on the company's website. We have adjusted, where applicable, the EBITDA items we believe to be external to our business and not reflective of our costs of doing business or results of operation. Such costs include legal expenses relating to extraordinary litigation and any other items that can be considered nonrecurring in accordance with the 2-year SEC requirement for determining an item is nonrecurring, infrequent or unusual in nature. We

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