Vista Group International Ltd · NZX:VGL
Vista Group International — H1 2017 Earnings Presentation
24 slides from Vista Group International's earnings presentation, Aug 24, 2017
Slide 1: Vista Group 2017 Half Year Results
VISTA GROUP 2017 HALF YEAR RESULTS 24 August 2017
Slide 2: 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 3: Agenda
• Introduction • CEO commentary on the result and general business activity • CFO commentary on the Financial Results • Operational update • Senda acquisition • Outlook • Questions 3 3
Slide 4: Vista Group Highlights
VISTA GROUP HIGHLIGHTS • Founded 1996 & listed on NZX/ASX in Aug 2014 with market cap of $187M; currently circa $450M. VISTA ENTERTAINMENT SOLUTIONS • 600+ staff & offices in 10 offices: • Auckland, Sydney, London, LA, Holland, Shanghai, Romania, Cape Town, Beijing, Mexico City • Vista Cinema (our l
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS REVENUE OPERATING PROFIT OPERATING CASHFLOW $50.1m $8.2m $6.4m (up 23%) (up 100%) (up 356%) INTERIM DIVIDEND EBITDA CHINA CASH RECEIPTS 2.4 $10.3m $20m CENTS P/SHARE (up 74%) RECEIVED Note FY2016 full year dividend 4.61 Combination of equity and trading payments 1) EBITDA is a N
Slide 6: The Strengths of Vista Group
THE STRENGTHS OF VISTA GROUP • Consistent strong revenue growth in line with guidance • Continued growth in an already strong annuity revenue stream • Sustained profitability while we continue to develop new products • Positive operating cash generation • Dividend payer (first interim dividend) • Le
Slide 7: Trading Performance
TRADING PERFORMANCE For six months ended NZ$m 30 June 2017 30 June 2016 % Revenue 50.1 40.7 23.1% Operating Expenses 41.5 35.8 15.9% Foreign exchange losses / (gains) 0.4 0.8 Operating Profit 8.2 4.1 100.0% Other Revenue / (costs) (1.6) 0.0 Profit Before Tax 6.6 4.2 57.1% Net Profit attributable to
Slide 8: Vista Group – Trading Metrics
VISTA GROUP – TRADING METRICS TOTAL REVENUE ANALYSIS 23% REVENUE ANALYSIS 100 REVENUE GROWTH 90 OVER 1H2016 80 70 60 27% $m's 50 40 Other 30 INCREASE IN VALUE OF 20 Maintenance RECURRING REVENUE OVER 1H2016 TO $29M 10 License Fees 0 2013 2014 2015 2016 1H 2017 8
Slide 9: Financial Position
FINANCIAL POSITION NZ$m 30 June 2017 31 December 2016 Current assets Cash & short term deposits 23.3 21.3 • Cash levels strong as China cash is received Other receivables 61.4 73.9 • Increase in intangibles reflects investment in 84.7 95.2 capitalised software development Non Current Assets • Curren
Slide 10: Cash Flow
CASH FLOW For six months ended NZ$m 30 June 2017 30 June 2016 Cash received from trading 52.5 39.1 • Strong cash receipts from trading assisted by trading cash from China transaction Cash applied from trading Operating expense (41.5) (35.7) • Tax & Interest includes $1.3m Withholding Tax Tax & inter
Slide 11: Vista Group Operational Highlights
VISTA GROUP OPERATIONAL HIGHLIGHTS 11
Slide 12: Vista Cinema
VISTA CINEMA Provides cinema management software to the world’s leading cinemas. Largest Group subsidiary delivered fast start to the year. Revenue growth 29% over 1H2016. Strong growth with 306 new cinema sites added (includes 48 in China) to bring global total to 5,863. Leading global market share
Slide 13: Veezi
VEEZI Provides cloud-based cinema management software to independent cinemas. Site numbers increased by 57 to 589. Continued flow of ‘Vista Cinema’ modules being made available to Veezi customers. Indications that 2nd half will be stronger in both France and Sweden with solid pipelines in play. 700
Slide 14: Movio
MOVIO Revolutionising the way distributors & exhibitors interact with moviegoers; analyse data & engage in the marketing of movies. Increased total revenue per 1,000 active members 7% from 1H 2016 to $323, as media revenue component increases. Movio Cinema Movio Media • Increased customer numbers by
Slide 15: MACCS & MaccsBox
MACCS & MACCSBOX Maccs – Movie ACCounting System Provides theatrical distribution software to enable film distributors to better manage their entire movie life cycle. MaccsBox – Theatrical Value Chain Collects audited box office results enabling automated invoicing and collection. Successful complet
Slide 16: Powster
POWSTER Provides world-leading film marketing products including interactive content to promote films. Strong revenue growth in 1H2017. Opened Los Angeles office & studio within the Vista Group premises. This built on existing US based distributor relationships and created new contracts in 1H2017. E
Slide 17: Cinema Intelligence
CINEMA INTELLIGENCE Provides business intelligence solutions for exhibitors, to enable optimised forecasting and scheduling of movies. Strong actions on bringing the business to break-even during 2H2017. Large pipeline of prospects built, requires focus on closure. Strengthen integration to Vista Ci
Slide 18: Flicks
FLICKS Authoritative Australasian movie and cinema guide. Moviegoer access nationally for every movie playing; cinemas, session times, booking links, videos and trailers, reviews (user and critical) plus editorial from Australasia’s best industry contributors. Strong plan to build the business beyon
Slide 19: Numero
NUMERO SaaS product that tracks daily results at cinema level for Film Studios, Distributors and Exhibitors. Complete China, Australia, New Zealand & Southern Africa coverage • Totalling over 8,000 Theatres • Reporting $8.1 Billion of Annual Box Office or 29.7% of International Box Office. Expand th
Slide 20: Vista China
VISTA CHINA Expanded business operations to extend services beyond Vista Cinema • Set up office in Beijing • Staff numbers increased 15% to 45 Grown revenue of business • 48 new sites installed in first half • Solid third party revenue stream • Veezi team established • Built impressive pipeline from
Slide 21: New Developments
NEW DEVELOPMENTS • Stardust – our social media app to share video reaction to movies and shows Released to the app store (Stardust) in June 2017 and interest is growing. Marketing campaigns planned to build user base of the app. • movieXchange • MX Film New SaaS application to standardise and distri
Slide 22: Senda Acquisition
SENDA ACQUISITION • On 21 August 2017, Vista Group announced the acquisition of a controlling 60% stake in long-time Latin American business partner Senda. • The acquisition gives Vista Group direct access to the burgeoning Latin American market plus closer relationships with significant acquisitive
Slide 23: Outlook
OUTLOOK • Strong first half revenue result supports the full year growth projection for FY2017 of 20%+. Second half skew of revenue unlikely to be as pronounced as in the past. • The pipeline for future revenue remains solid. • Movio to grow monetisation of Movio Media with announced, and new, contr
Slide 24: Questions?
QUESTIONS?
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