Vista Group International Ltd · NZX:VGL
Vista Group International — Shareholder Meeting (May 2015)
24 slides from Vista Group International's shareholder meeting presentation, May 20, 2015
Slide 1: Vista Group – 2015 AGM
VISTA GROUP – 2015 AGM
Slide 2: AGM agenda
> Introduction > Chairman’s Address > CEO Address > Questions on Annual Report and Financial Statements > Business Resolutions - Resolution 1 – Remuneration of Auditors - Resolution 2 – Re-election of Brian Cadzow as a Director - Resolution 3 - Re-election of James Ogden as a Director > General Busi
Slide 3: Chairman's Address
a VISTA CHAIRMAN’S ADDRESS
Slide 4: Vista Group – CEO Address 2015 AGM
VISTA GROUP – CEO ADDRESS 2015 AGM May 2015
Slide 5: Vista Group Introduction
VISTA GROUP INTRODUCTION 5
Slide 6: Business snapshot
Business snapshot > New Zealand headquartered company that is a global leader in film industry software > Vista Group founded 1996 and listed on the NZX and ASX in August 2014 with a free float of $92.5m, raising $40.0m in new capital. Market Cap now $391m NZD. > Global footprint of sales and suppor
Slide 7: Vista Group Financial Performance
VISTA GROUP FINANCIAL PERFORMANCE 7
Slide 8: Result Highlights
Result Highlights PFI ACHIEVEMENT Revenue up $2.0M or 4% - 47.2M actual vs 45.2M PFI. INVESTMENT AND STRATEGY Profit attributable to Acquisition of US based shareholders up $0.6M or Ticketsoft completed. 17% - $4.0M vs $3.4M. OPERATING Successful integration of Movio METRICS and MACCS operations to
Slide 9: Trading Performance
Trading Performance All figures in $m’s 2014 ACTUAL 2014 PFI 2013 ACTUAL TRADING $ $ % $ % Revenue 47.2 45.2 4.4% 30.5 54.8% Operating Expenses 40.6 39.0 4.1% 22.4 81.3% Operating Profit 6.6 6.2 6.5% 8.1 -18.5% Net Profit attributable to Shareholders 4.0 3.4 17.6% 5.7 -29.8% Note : percentages are 2
Slide 10: Revenue Components
Revenue Components ARR as a % of Revenue 80% Revenue by Type 70% 70.0 60% 60.0 50.0 50% 40.0 40% 30.0 30% 20.0 20% 10.0 10% - 0% Base + 50% services + 33% licences 2013 2014 2015 PFI 2013 2014 2015 PFI > Base = recurring licences + maintenance + contracted services > +50% services – because services
Slide 11: Vista Group Business Unit Review
VISTA GROUP BUSINESS UNIT REVIEW
Slide 12: Trends in cinema exhibition
Trends in cinema exhibition > The number of screens is particularly relevant to the Vista Group’s business model - Global number of screens have grown at a historic 2007 – 2012 CAGR of 3.0% and are forecast to grow at a CAGR of 4.4% over the next five years - Growth in the number of screens is being
Slide 13: Vista Entertainment Solutions
Vista Entertainment Solutions > Strong performance - Sites installed in 2014 was 1,103. Almost 2 times our previous record - Revenue up on PFI expectation and 30% higher than 2013 actual > Significant Customer Installations - Regal cinemas rollout of 583 sites completed ahead of original schedule -
Slide 14: Growth in Sites
Growth in Sites 5,000 4,500 4577 4,000 4066 3,500 3,000 2963 2,500 2396 2,000 1980 1742 1,500 1226 1103 1,000 996 689 516 567 511 416 500 566 307 230 238 393 173 123 7 21 36 57 78 59 273 120 214 - 43 79 136 22 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 New S
Slide 15: World Reach
89% CANADA 2,067/2,323 screens 24% EUROPE 4,076/16,865 screens 38% USA 11,318/30,050 screens 28% ASIA 4,330/15,291 screens 98% CENTRAL AMERICA 4,995/5,108 screens 45% AFRICA 973/2,172 screens 19% SOUTH AMERICA 877/4,713 screens 84% AUSTRALASIA 1,380/1,636 screens 38% WORLD WIDE 30,016/78,158 screens
Slide 16: Veezi
Veezi > Reached 150 installed sites by 31 December 2014 – now over 200 > Revenue building steadily with SaaS model > Sales and marketing model refinements resulting in more opportunities > Development of the product to address more market requirements – especially USA > Working on expansion to addit
Slide 17: Movio
Movio > Performance since full acquisition on target > Continuing to expand Movio Cinema through the Vista cinema client base in new territories > Movio Cinema now in 14 territories > Focus on USA is a deliberate strategy to build the loyalty data across the region > AMC recently signed with Movio i
Slide 18: MACCS
MACCS > Core international business performed well in 2014 > Expected growth from US market expansion delayed until 2015 TD Theatrical NT iMACCS > Total result since acquisition therefore not at PFI Distribution Non Theatrical Web Portal System levels > Enhancement of product for USA business requir
Slide 19: Numero
Numero Distributors > Now collecting Box Office results for over 90% of the ANZ market > First phase of Product completed and in trials with major studios, and receiving very good comments > Revenue delayed until 2nd Half 2015 > Share of loss from associate showing higher Numero distributes box offi
Slide 20: Summary
Summary > Group Financial performance in excess of PFI for 2014 > Vista Cinema - Key customer implementations in 2014 of the largest cinema exhibitors in the USA and China > New cinema sites installed 1103, bringing total installed site to over 4,000. Strong support for recurring revenue base > Movi
Slide 21: Questions
QUESTIONS
Slide 22: Business Resolutions
BUSINESS RESOLUTIONS > Confirmation of Proxies > Resolution 1 – That the Board is authorised to fix the auditors remuneration > Resolution 2 – That Brian Cadzow be re-elected as a director of Vista > Resolution 3 – That James Ogden be re-elected as a director of Vista
Slide 23: General Business and Closing
GENERAL BUSINESS AND CLOSING
Slide 24: Vista Group – 2015 AGM
VISTA GROUP – 2015 AGM
Vista Group International — Shareholder Meeting (May 2015) on 6ix