Vista Group International Ltd · NZX:VGL
Vista Group International — Macquarie Conference 2016
34 slides from Vista Group International's conference presentation, May 5, 2016
Slide 1: Market Announcement
For personal use only MARKET ANNOUNCEMENT 05 May 2016, Vista Group International Ltd, Auckland, New Zealand Vista Group CEO Murray Holdaway is presenting at the Macquarie investor conference in Sydney today. The presentation that he will talk to at the conference is attached. This is based on the Ma
Slide 2: Macquarie Conference Presentation May 2016
For personal use only Macquarie Conference Presentation May 2016
Slide 3: Important notice
Important notice For personal use only 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 f
Slide 4: Group Update
For personal use only > Group Update > Financial performance > Operating performance > China JV Transaction > Growth strategies PAGE 3
Slide 5: Vista Group – Update
For personal use only UPDATE VISTA GROUP –
Slide 6: VGL Update
VGL UPDATE • Founded1996 and listed on NZX/ASX in August 2014 with For personal use only market cap of 187M & now at ~470M VISTA ENTERTAINMENT SOLUTIONS • 400+ staff & 8 offices - Auckland, Sydney, London, LA, Dallas, Holland, Shanghai, Romania • Completed the acquisition of Ticketsoft in 2015, a co
Slide 7: Vista Group companies within the film industry value chain
For personal use only VISTA GROUP COMPANIES WITHIN THE FILM INDUSTRY VALUE CHAIN PRODUCTION DISTRIBUTION CINEMA EXHIBITION MOVIEGOER
Slide 8: Timeline post the IPO
Timeline post the IPO For personal use only November 2014 Vista March 2015 Ticketsoft July 2015 MACCS December 2015 Cinema completes acquisition in the USA signs Warner Bros in Share Dimension rollout to Regal completed USA acquisition Entertainment’s 582 announced sites in the USA August 2014 Vista
Slide 9: Vista Group – Financial Performance
For personal use only VISTA GROUP – FINANCIAL PERFORMANCE
Slide 10: 2015 Financials and PFI comparison
2015 Financials and PFI comparison For personal use only > Strong year on year performance with revenue up 39% and EBITDA up 60% on FY14 > Performance compared to PFI NZ$m 2015 Actual 2015 PFI 2014 Actual Revenue 65.4 61.5 6% 47.2 39% EBITDA 15.1 13.2 14% 9.4 61% Adjusted Net Profit1 9.0 8.1 4.0 125
Slide 11: Pro Forma financial overview
Pro Forma financial overview For personal use only NZ$000 (Year ended 31 FY11 FY12 FY13 FY14 FY14 FY15 December) Pro Forma Pro Forma Pro Forma Pro Forma Pro Forma Actual Total Revenue 25.0 33.7 38.7 50.7 47.2 65.4 EBITDA 4.5 8.8 9.0 9.62 9.4 15.1 Adjusted Net Profit3 4.0 9.0 Note: EBITDA is a non-GA
Slide 12: Financial Position
Financial Position For personal use only NZ$m 2015 Actual 2015 PFI 2014 Actual Current assets Cash and short term deposits 27.3 43.5 30.7 > Higher receivables at year end due to higher billing in last Other receivables 30.5 19.6 22.1 quarter and larger December quarter maintenance invoicing 57.8 63.
Slide 13: Cash Flow
Cash Flow For personal use only NZ$m 2015 Actual 2015 PFI 2014 Actual Cash received from trading 62.8 60.5 48.2 Cash applied from trading Operating expenses 53.0 44.0 39.3 > The high sales in the last quarter and larger Tax and interest 3.5 3.1 2.2 December maintenance renewals resulted in Listing c
Slide 14: Dividend Policy
Dividend Policy For personal use only > Dividend policy for FY15 to remain as per Prospectus guidance > That is there is no intention to pay a dividend on the FY15 results > Dividend policy for Vista Group has been reviewed and set for the future > Dividend policy for FY16 and beyond is to distribut
Slide 15: Long Term Incentive Plan
Long Term Incentive Plan For personal use only > Vista Group introduced a Long Term Incentive Plan (LTI) during 2015 > Recognises the value of the Vista Group employees and the contribution they make to the ongoing growth of the business > Provided to the broader senior management team (excl. founde
Slide 16: Vista Group – Operating Performance
For personal use only VISTA GROUP – OPERATING PERFORMANCE
Slide 17: Vista Entertainment Solutions
Vista Entertainment Solutions For personal use only > Another very strong performance > 461 sites installed in 2015 (excluding ~400 Ticketsoft and CCG sites Vista Entertainment Solutions installed sites which are in the process of being converted to Vista software) 5,000 > Regal’s commitment to Vist
Slide 18: Vista Entertainment Solutions – Large and/or high growth markets
Vista Entertainment Solutions For personal use only Large and/or high growth markets Country Market size1 Market update China 31,627 Good base but low penetration in large market USA/Canada 43,265 Strong market share (40%+) but still significant upside Japan 3,318 Distributor appointed Korea 2,077 N
Slide 19: Veezi
Veezi For personal use only > 350 total installed sites by 31 December 2015 – more than 100 over PFI forecast – now over 400 > Revenue building with additional revenue from on-line fees, and additional chargeable modules, has increased average revenue per site > Certification for Veezi granted by Ch
Slide 20: Movio
Movio For personal use only > Movio Cinema > 37 Circuits using Movio Cinema – up from 20 at start of 2015 Member data held in Movio database > 81 million members in the Movio database – the largest database of cinema 90 going individuals in the world 81 80 > 745 million emails sent in 2015 – up 53%
Slide 21: MACCS
MACCS For personal use only > Core business performed well in 2015, with 10 new customer installations of The World’s Leading MACCS Film Distributor Software > Now installed in 45 territories > Signed Warner Bros. in USA > Significant product development being undertaken and full implementation expe
Slide 22: Numero
Numero For personal use only > Numero provides fast and accurate box office numbers for film studios, distributors and cinema exhibitors > Now collecting box office results for over 99% of the Australasian market > Launched LIVE box office reporting service delivering up to the minute results from m
Slide 23: Share Dimension
SHARE DIMENSION For personal use only • Key product is Cinema Intelligence • Business Intelligence for Exhibitors – Big Data analysis • Optimise film performance in a cinema environment • Extract historical information from BO systems (Vista Cinema and others) • Build forecasting models for film per
Slide 24: Powster
POWSTER For personal use only • Provides world-leading film marketing products including interactive content to promote films • POWSTER Movie Platform: • Marketing platform for movie studios, powering the world’s biggest blockbusters • One destination per film with all cinemas and show-times listed
Slide 25: Flicks
FLICKS For personal use only • Authoritative Australasia movie & cinema guide • Moviegoer access nationally for every movie playing; + cinemas, session times, booking links, videos & trailers, reviews (user & critical) + editorial from Australasia’s best industry contributors • NZ’s no. #1 film buff
Slide 26: China JV Transaction
For personal use only CHINA JV TRANSACTION
Slide 27: China box office
China box office For personal use only > The China box office has grown strongly over the past five years and is forecast to overtake the US in box office revenue by 2017 Number of screens per million people (2015) > China box office grew 48.7% from 2014 to 2015 160 149 > In contrast the global box
Slide 28: Chinese transaction - rationale
Chinese transaction - rationale For personal use only > Vista Group is bringing WePiao, a scale local Chinese operator, into Vista China as a partner to secure Vista China’s position in the China film market > WePiao and the wider Wechat/Tencent Group (the owners/developers of QQ and WeChat) will su
Slide 29: Chinese transaction – key terms
Chinese transaction – key terms For personal use only > WePiao investment: > WePiao to acquire existing shares in Vista China for cash > WePiao to subscribe for new shares in Vista China, providing growth capital to the business > WePiao acquiring 2.0% of new shares in Vista Group issued at a one mo
Slide 30: Growth and Outlook
For personal use only OUTLOOK GROWTH AND
Slide 31: Growth strategies – since IPO
Growth strategies – since IPO Vista Entertainment Solutions For personal use only Expansion of market share Growth market share in key markets; US now over 40%, UK and Europe, China market > shares have also grown Expansion into new markets > New countries include France, Belgium, Switzerland, I
Slide 32: Growth strategies – Acquisitions
Growth strategies – Acquisitions Cinema Intelligence/ Share Dimension For personal use only Expansion of market share > Growth market share in key markets; US now over 40%, UK and Europe, China market shares have also grown Expansion into new markets > New countries include France, Belgium, Switzerl
Slide 33: Outlook
Outlook For personal use only > Historic annual growth for the Group has been in the 20% - 30% range – we would expect this to continue > Strong start to 2016 year for Vista Cinema, many good prospects > Veezi expected to grow at an exponential rate with addition of France, China and Indian markets
Slide 34: Questions
For personal use only QUESTIONS
Vista Group International — Macquarie Conference 2016 on 6ix