Vista Group International Ltd · NZX:VGL
Vista Group International — Shareholder Meeting (May 2018)
27 slides from Vista Group International's shareholder meeting presentation, May 23, 2018
Slide 1: Vista Group 2018 AGM: Event Cinema 6, Gold Class
VISTA GROUP 2018 AGM : Event Cinema 6, Gold Class 23 May 2018
Slide 2: Agenda
• Introduction • Chairman’s Address • Group CEO Address • Questions on Annual Report & Financial Statements • Business Resolutions • Resolution 1 – Remuneration of Auditors • Resolution 2 – Re-election of Susan Peterson as a Director • Resolution 3 – Re-election of Murray Holdaway as a Director • Ge
Slide 3: Chairman's Address - Kirk Senior
CHAIRMAN'S ADDRESS KIRK SENIOR
Slide 4: Chairman's Address
CHAIRMAN’S ADDRESS State of Industry – Very healthy with box office records being broken and new screens being built Resource – exceptional talent Vista Cinema – strong global business with significant growth opportunities Movio – delivering on the promise – reshaping the film industry marketing lan
Slide 5: Group CEO Address - Kimbal Riley
GROUP CEO ADDRESS KIMBAL RILEY
Slide 6: Vista Group FY17 Summary
VISTA GROUP FY17 SUMMARY • Another great year of growth advancing global leadership for Vista Group o 20% increase in Revenue – the 4th consecutive year of 20+% growth o 57% increase in Operating Profit o 104% increase in Operating Cash Flow o 20% increase in recurring revenue to $64m – 60% of total
Slide 7: Operating Segments
OPERATING SEGMENTS CINEMA MOVIO ADDITIONAL GROUP COMPANIES EARLY STAGE INVESTMENTS ASSOCIATES
Slide 8: Operating Segments
OPERATING SEGMENTS 2017 Additional Group Early Stage NZ$M Cinema Movio Companies Investments Corporate Total Revenue 67.6 15.5 12.3 1.2 10.0 106.6 EBITDA 19.8 3.6 0.6 (1.7) 2.7 25.0 2016 Additional Group Early Stage NZ$M Cinema Movio Companies Investments Corporate Total Revenue 62.1 11.3 12.1 0.6 2
Slide 9: Cinema Segment
CINEMA SEGMENT Vista Cinema provides cinema management software to the world’s largest cinema exhibitors • 793 new sites in 2017 bringing total to 6350 • New markets — Brazil and Italy • 93 installed countries - increase of 11 • Acquisition of Latin American business partner in September 2017 • 8 ou
Slide 10: Cinema Segment - continued
CINEMA SEGMENT - continued Provides cinema management software to the world’s independent cinema exhibitors • 112 sites bring site numbers to 643. 8% increase in revenue per site • Release of new chargeable additional modules, including Kiosk and Veezi Voucher & Gift Card Manager • New business part
Slide 11: Cinema Segment - Drivers for Growth
CINEMA SEGMENT - continued DRIVERS FOR GROWTH • Cloud version for Vista Cinema on track with first modules • Strong expectation of growth in China delivered Q1 2018. Expectation of new demand for this product • Legislative changes driving demand in France • Continued product innovation meeting new m
Slide 12: Movio Segment
MOVIO SEGMENT Global leader in data driven marketing to provide products and services to cinema exhibitors, film studios and their media agencies and other specialists in film advertising Purpose – to connect moviegoers with their ideal movie • Major customer growth in Latin America and Europe for M
Slide 13: Movio Segment Growth Strategy
MOVIO SEGMENT GROWTH STRATEGY • Increase active moviegoers held by Movio Active Moviegoers Revenue/Active o Increase Movio Cinema users including non Vista Cinema (millions) Moviegoer (NZD cents) users o Increase access to online moviegoers outside direct loyalty 2016 2017 2016 2017 membership USA 2
Slide 14: Additional Group Companies Segment
ADDITIONAL GROUP COMPANIES SEGMENT World leading film marketing products • Strong growth in revenue and EBITDA • Created 46% more movie destination sites (1,300) in 2017 • 87 of the top 100 grossing movies used the Powster Movie platform with total site visits up 290% to 422m • Opened LA studio and
Slide 15: Early Stage Investments Segment
EARLY STAGE INVESTMENTS SEGMENT Software to optimise film forecasting and scheduling • Strong 2nd half performance with high percentage of recurring revenue • Increased pipeline and closure of 2 significant contracts for 2018 implementation • Market opportunity large as penetration of Vista Cinema c
Slide 16: Associate Companies
ASSOCIATE COMPANIES Box office tracking and reporting product • Reached $1M NZD ARR by Q4 2017 • Targeting positive EBITDA by end of 2018 • Transitioning Australasian trial users to full commercial terms through 2018 • Customer feedback on product is very positive • China cinema data being reported
Slide 17: China
CHINA VISTA CHINA VISTA CHINA • Business grows strongly 100% Vista Group • Strong but small player • JV partner transfers • Foreign ticketing business to • Commercial model another Tencent Affiliate changing 580 sites 2006 2015 2016 2017 2018 759 281 sites sites VISTA CHINA VISTA CHINA VISTA CHINA J
Slide 18: China – A Potential Growth Engine
CHINA – A POTENTIAL GROWTH ENGINE • Revenue of NZ$17m, an increase of 71% over FY16 • Vista Cinema 12% of large competitive market • Veezi gained first sites in China in 2017 • $21m NZD cash repatriated to New Zealand to date. GROWTH • Third Party revenue (Vista share of online ticket sales) – alrea
Slide 19: Outlook
OUTLOOK • Strong pipeline across the Group supports a 5th consecutive year of 20+% revenue growth • New CEO and Chief Product Officer brings new focus to each role to benefit the Group overall • Penetration of new markets and emerging large markets provides significant growth opportunities across al
Slide 20: Questions
QUESTIONS
Slide 21: Business Resolutions
BUSINESS RESOLUTIONS • Resolution 1 – That the Board is authorised to fix the auditors remuneration. • Resolution 2 – That Susan Peterson be re-elected as a director of Vista. • Resolution 3 – That Murray Holdaway be re-elected as a director of Vista.
Slide 22: Business Resolutions - Proxies for Auditors' Remuneration
BUSINESS RESOLUTIONS Confirmation of Proxies: • Resolution 1 – That the Board is authorised to fix the auditors remuneration. • Proxies held by the Chair • For 100,668,484 (99.91%) • Proxy discretion 79,456 ( 0.08%) • Total For 100,747,940 (99.99%) • Against 7,500 ( 0.01%)
Slide 23: Business Resolutions - Proxies for Susan Peterson
BUSINESS RESOLUTIONS Confirmation of Proxies: • Resolution 2 – That Susan Peterson be re-elected as a director of Vista. • Proxies held by the Chair • For 95,030,095 (95.03%) • Proxy discretion 77,456 ( 0.08%) • Total For 95,107,551 (96.01%) • Against 4,889,333 ( 4.89%)
Slide 24: Business Resolutions - Proxies for Murray Holdaway
BUSINESS RESOLUTIONS Confirmation of Proxies: • Resolution 3 – That Murray Holdaway be re-elected as a director of Vista. • Proxies held by the Chair • For 100,661,484 ( 99.91%) • Proxy discretion 92,456 ( 0.09%) • Total For 100,753,940 (100.00%)
Slide 25: General Business, Further Questions, Closing
GENERAL BUSINESS FURTHER QUESTIONS CLOSING
Slide 26: Important notice
Important notice This presentation has been prepared by Vista Group International Limited (“Vista Group”). Information in this presentation: > is provided for general information purposes only, does not purport to be complete or comprehensive and is not an offer or invitation for subscription, purch
Slide 27: Vista Group 2018 AGM
VISTA GROUP 2018 AGM 23 May 2018
Vista Group International — Shareholder Meeting (May 2018) on 6ix