Vista Group International Ltd · NZX:VGL
Vista Group International — H1 2021 Earnings Presentation
25 slides from Vista Group International's earnings presentation, Aug 27, 2021
Slide 1: Interim Results 2021
Interim Results 27 August 2021 2021
Slide 2: Important notice
Important notice This presentation has been prepared by Vista Group International Limited ("Vista Group”). management may indicate and believe the assumptions underlying the forward- looking statements are reasonable, any assumptions could prove inaccurate or incorrect and, therefore, there can be n
Slide 3: Agenda
Agenda ©) Vista Group Summary _Kimbal Riley, Group Chief Executive o2 Financial Results Matt Cawte, Chief Financial Officer 03 Operational Highlights —Kimbal Riley, Group Chief Executive O4_ Outlook O5 aa
Slide 4: Enhancing the moviegoer experience
Enhancing the moviegoer experience
Slide 5: Vista Group summary
Vista Group summary Vista Cloud launch expands horizon for Vista Group * Moviegoing is back! « Balance sheet strong * Vista Cloud launched on target * Positive operating cashflow iti 1 * Momentum growing in studio segment and positive EBITDA’ for Ist Half * Established a development hub in Mexico *
Slide 6: Financial results
Financial results
Slide 7: Financials
Financials For six months ended 30 June 2021 Total Revenue Recurring Revenue! $45mM 0. $37M a3 EBITDA2 Operating Cashflow $6m +$13m $im SaaS Revenue! $12m .;».
Slide 8: Trading performance
Trading performance NZ$m (Six Months Ended - Unaudited) 30 Jun 2021 30 Jun 2020 % Change » Revenue flat. Up 7% adjusting for FX Revenue 44.9 448 +0% » 2021 Expenses includes a non-cash Expenses (38.6) (52.7) -27% credit for expected credit | $3.7m, compared to a non- Foreign currency gains ou 14 exp
Slide 9: Last months compared
Last 18 months compared NZ$m (Six Months - Unaudited) 1H20 = % Change 2H20 = % Change 1H21 Recurring Revenue 32.9 1% 32.6 414% 37.3 Non-Recurring Revenue ng 15% 10.1 -25% 7.6 Revenue 44.8 5% 42.7 45% 44.9 Expenses (excl ECL?) (46.9) -2% (45.9) -8% (42.3) ECL? (expense)/credit (5.8) (1) 3.7 Foreign e
Slide 10: Operating segments
Operating segments NZ$m (Unaudited) Cinema Movio AGC Corporate Total Revenue 31.5 6.5 6.9 - 44.9 EBITDA! 10.9 08 0.0 (5.3) 6.4 EBITDA' % of revenue 35% 12% 0% 14% EBITDA’ excl ECL? 7.5 0.6 (0.1) 6D 27 NZ$m (Unaudited) Cinema Movio AGC Corporate Total Revenue 29.7 8.0 71 - 44.8 EBITDA! (2.4) (0.2) (0
Slide 11: Financial position
Financial position NZ$m (Unaudited) 30 Jun 2021 31Dec 2020 % Change Cash 58.1 67.1 -13% Receivables and other current assets 43.1 39.0 1% Non-current assets 149.7 145.9 3% Current liabilities 41.0 42.8 -4% Non-current liabilities 447 461 -3% Net assets / total equity 165.2 163.1 1% Strong balance sh
Slide 12: Cashflow
Cashflow NZ$m (Six Months Ended - Unaudited) 30 Jun 2021 30 Jun 2020 % Change Receipts from customers 45.6 57.6 -21% Payments to suppliers & employees (43.1) (49.3) -13% Tax & interest (2.4) 0.8 COVID-19 related wage subsidies 3.1 3.8 COVID-19 related tax deferrals (2.2) 3.8 Net cash inflow from ope
Slide 13: Operational highlights
Operational highlights
Slide 14: Key Group metrics
Key Group metrics As at 30 June 2021 (with comparative to 31 December 2020) Sites on Vista Cloud Sites on Vista Digital Madex Campaigns (Movio) = 142 qd) 2 qd) Movio Connections Distributors on mica (Maccs) % of Cinemas Open US:EU 2.31) oxy 11 &@ 79% : 80% 1. Trailing 12 months total number of email
Slide 15: Vista Cinema
Vista Cinema Vista Cinema provides cinema management software to the world’s largest cinema exhibitors Stronger than forecast Box Office returns Blockbuster releases on schedule with backlog of content expected beyond 2022 Cinema re-openings requiring operational and technology support Small increme
Slide 16: Vista Cinema site count and enterprise market share
Vista Cinema site count! 31 Dec New Closures 30 Jun Enterprise Market Share2 Market Channel 2020 Sites / Losses 2021 Direct 5,499 40 (414) 5,125 51 % India 1,496 85 (140) 1,441 Enterprise China 572 - (235) 337 Total Enterprise 7,567 125 (789) 6,903 Enterprise Sites (Direct) Veezi (billed) 739 113 -
Slide 17: Vista Cloud is launched
Vista Cloud is launched 9 | What we’ve achieved in 2021 Where we are now to date » Technology platform established » Vista Cloud launched at CinemaCon » Increased use of Vista Digital (@i-19)) » Pace of development 7 . continuing to accelerate » Commercial model established * Distinct branding and p
Slide 18: Movio
Movio Global leader in data-driven marketing, providing products and services to exhibitors, studios and film advertising specialists Continued strong performance for Movio Cinema, highlighted by enterprise agreement with Vue in EMEA, anda strong trend of renewals and extensions Connections (email a
Slide 19: Additional Group Companies
Additional Group Companies Box office reporting and world leading theatrical distribution software Numero « Maccs revenue up 12% for the half 5 new customers signed up to mica, now total 11 Numero continues to expand geographic reach Movie and cinema review and showtime guide Revenue up 25% In expan
Slide 20: Associate companies
Associate companies China film industry update 1H21 revenue up to $7.1m vs $3.3m in 1H20. First half box office RMB27B - 29 2 EBITDA' loss reduced to $0.6m, down from $3.7m Glomn E25 Sia seus tin A in 1H20 Most recent forecast for full year - Important new customer wins in Red Star and RMBSSB - down
Slide 21: Outlook
Outlook
Slide 22: Industry outlook
Industry outlook * Blockbusters are back - and the content pipeline is very solid into 2022 and beyond * Key markets near to fully open - globally 80%+ open * Theatrical window changes stabilising on 35-45 days - no significant impact on box office to this point * Cinema remains critical to the wide
Slide 23: Vista Group outlook
Vista Group outlook * Disciplined financial management has enabled Vista Group to welcome the rebound of the film industry in an excellent position + Vista Group continues to deliver world class innovation, highlighted by the launch of Vista Cloud this month * Integration of Maccs and Numero is bear
Slide 24: Questions
Questions
Slide 25: Slide 25
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