Vista Group International Ltd · NZX:VGL

Vista Group International — H1 2025 Earnings Presentation

76 slides from Vista Group International's earnings presentation, Aug 14, 2025

Slide 1: Market Announcement: Vista Group upgrades aspirations, accelerates to meet client demand
MARKET ANNOUNCEMENT 14 August 2025, Vista Group International Ltd, Auckland, New Zealand Vista Group upgrades aspirations, accelerates to meet client demand Vista Group International Limited (NZX & ASX: VGL) today announced its half year results for the six months ending 30 June 2025, showcasing str
Slide 2: Outlook, operational and industry overview
Outlook • 100% Platform3 aspirations upgraded: $315.0m ARR6 and 33-37% EBITDA1 margin • On track to achieve full year revenue guidance at $167.0m and EBITDA1 margin of between 16-18% • Good progress towards 1,600+ sites on the Vista Cloud Platform7 by year’s end, however a significant proportion of
Slide 3: Footnotes and contacts
Footnotes 1 EBITDA is defined in section 1 of the 2025 Interim Report. 2 Free Cash Flow is defined in section 1 of the 2025 Interim Report. 3 100% Platform – 6,000 sites on Operational Excellence (aka “Vista Cloud”). 4 Operational Excellence (aka “Vista Cloud”) – The final Vista Cloud capability, ma
Slide 4: Interim Report
Vista Group Interim Report 2025
Slide 5: Management commentary
Management commentary The following consolidated unaudited interim financial Strategic update statements for Vista Group International Limited (Company) and its subsidiaries (collectively, Vista Group) are for the six • Embedded Payments pilot expected to launch with select months ended 30 June 2025
Slide 6: Group results, guidance and segmental results
Group results Film Vista Group reported a strong financial performance for the Vista Group’s ‘Film’ segment, which accounts for approximately half year ended 30 June 2025, with total revenue reaching 20% of Vista Group’s revenue, reported total revenue of $16.5m, $77.0m, an increase of 11% on 1H24.
Slide 7: Income statement
Income statement For the six months ended 30 June 2025 30 June 2025 30 June 2024 NZ$m NZ$m CONTINUING OPERATIONS Note Unaudited Unaudited Total revenue 2.1, 2.2 77.0 69.6 Cost to serve 2.3 (33.0) (28.9) Gross profit 44.0 40.7 Sales and marketing costs 2.3 (5.6) (4.9) Research and development costs 2
Slide 8: Statement of other comprehensive income
Statement of other comprehensive income For the six months ended 30 June 2025 30 June 2025 30 June 2024 NZ$m NZ$m Note Unaudited Unaudited Items that may be reclassified subsequently to the income statement1 Translation of foreign operations (2.5) 1.8 Items that will not be reclassified to the incom
Slide 9: Statement of changes in equity
Statement of changes in equity For the six months ended 30 June 2025 ATTRIBUTABLE TO THE OWNERS OF THE PARENT Share- Foreign based Total Equity Non- Contributed Retained Currency Payment Attributable Controlling Total Equity Earnings Reserve Reserve to Owners Interests Equity 2025 (Unaudited) NZ$m N
Slide 10: Statement of financial position
Statement of financial position As at 30 June 2025 30 June 2025 31 December 2024 NZ$m NZ$m Note Unaudited Audited Current assets Cash 21.9 21.8 Trade and other receivables 4.1 36.1 41.0 Contract assets 4.1 7.5 6.9 Net investment in sublease 0.6 0.6 Income tax receivable 0.6 0.1 Total current assets
Slide 11: Statement of cashflows
Statement of cashflows For the six months ended 30 June 2025 30 June 2025 30 June 2024 NZ$m NZ$m Note Unaudited Unaudited Cashflows from operating activities Receipts from clients 81.9 75.3 Payments to suppliers and employees (66.9) (70.4) Exceptional items 2.3 0.5 (0.5) Taxes received / (paid) 0.1
Slide 12: Notes to the financial statements
Notes to the financial statements 1 Basis of preparation The consolidated interim financial statements of Vista Group have been prepared in accordance with Generally Accepted Accounting Practice in New Zealand (NZ GAAP). Vista Group is a for-profit entity for the purposes of complying with NZ GAAP.
Slide 13: Financial performance: Revenue
2 Financial performance This section outlines further details of Vista Group’s financial performance by building on information presented in the income statement. 2.1 Revenue Vista Group recognises revenue when performance obligations have been settled. A performance obligation is settled when the c
Slide 14: Revenue recognition by category
REVENUE CATEGORY REVENUE TYPE SEGMENT DESCRIPTION TIMING OF REVENUE RECOGNITION SaaS revenue Maccs - variable fee Film Variable revenue based on the Point in time use of Maccs platforms, Recurring Variable fees are recognised at the including Maccs Box, DCHub revenue end of each month once usage- an
Slide 15: Reporting segments
2.2 Reporting segments The table below provides a breakdown of financial performance for each of Vista Group's reporting segments. The CODM does not regularly review assets and liabilities for each reportable segment. Reporting segment performance 30 June 2025 (Unaudited) 30 June 2024 (Unaudited) Ci
Slide 16: Revenue by domicile and expenses
Revenue by domicile of entity Vista Group recognises revenue within entities across several jurisdictions. Revenue is allocated to geographical regions based on where the sale is recorded by each operating entity within Vista Group. Independent resellers are used to promote Vista Group’s products in
Slide 17: Costs categorised within EBITDA
Costs categorised within EBITDA The table below provides a breakdown of the various types of expenditure incurred within EBITDA. 30 June 2025 30 June 2024 NZ$m NZ$m Note Unaudited Unaudited Direct cost of sales (excl. hardware and personnel) 10.9 8.1 Hardware cost of sales 0.9 0.5 Personnel costs 47
Slide 18: Cash flows and borrowings
3 Cash flows and borrowings This section outlines further details of Vista Group’s cash flows and liquidity. 3.1 Reconciliation of net profit to operating cash flows 30 June 2025 30 June 2024 NZ$m NZ$m Note Unaudited Unaudited Loss for the period (1.2) (2.7) Non-cash items: Amortisation 4.3 7.4 6.7
Slide 19: Borrowings
3.2 Borrowings Borrowings are initially recognised at fair value less directly attributable transaction costs and subsequently measured at amortised cost using the effective interest method. Borrowing costs are expensed as incurred. The table below details the movement in borrowings during the perio
Slide 20: Assets and liabilities
4 Assets and liabilities This section outlines details of Vista Group’s financial performance by building on information presented in the statement of financial position. 4.1 Trade and other receivables Carrying value of trade and other receivables 30 June 2025 31 December 2024 NZ$m NZ$m Unaudited A
Slide 21: ECL provisioning
! ECL provisioning (significant estimation uncertainty) For trade receivables and contract assets, Vista Group applies the simplified approach permitted by NZ IFRS 9 Financial Instruments, which requires expected lifetime losses to be recognised from initial recognition of the receivables. Trade rec
Slide 22: Goodwill and ECL
The table below illustrates how the carrying value of the ECL has been derived: 0-90 91-180 181-270 271-360 361+ Days Days Days Days Days Total 30 June 2025 (Unaudited) NZ$m NZ$m NZ$m NZ$m NZ$m NZ$m Trade receivables and contract assets 37.9 1.8 0.9 0.3 0.4 41.3 Baseline 0.1 - - - - 0.1 Aging, write
Slide 23: Other intangible assets
4.3 Other intangible assets ! Development costs and internally generated software (significant accounting judgement) Capitalised development: Internally developed software is capitalised as an intangible asset when it meets the recognition criteria of NZ IAS 38 Intangible Assets. This requires Vista
Slide 24: Provisions
4.4 Provisions A provision is a liability of uncertain timing or amount and is recognised when Vista Group has a present obligation (legal or constructive) as a result of a past event; it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation;
Slide 25: Taxation
5 Taxation This section outlines details of the income tax expense incurred by Vista Group and the deferred taxes recognised on the statement of financial position. 5.1 Income tax expense The income tax expense for the period comprises current and deferred tax. Taxation is recognised in the income s
Slide 26: Deferred tax assets and liabilities
5.2 Deferred tax assets and liabilities Deferred tax is recognised for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax is based on the expected manner of realisation o
Slide 27: Capital structure
6 Capital structure This section outlines Vista Group’s capital structure, earnings per share and share-based employee incentives which have an impact on Vista Group’s equity. 6.1 Contributed capital At 30 June 2025, there were 238,834,381 shares in issue (31 December 2024: 237,676,202). The followi
Slide 28: Other disclosures
7 Other disclosures 7.1 Financial instruments by category 30 June 2025 31 December 2024 Financial assets at Financial liabilities at Financial assets at Financial liabilities at amortised cost amortised cost amortised cost amortised cost NZ$m NZ$m NZ$m NZ$m Unaudited Unaudited Audited Audited Cash 2
Slide 29: Vista Group International Limited contact details
Vista Group International Limited Shed 12, City Works Depot 90 Wellesley St West Auckland 1010 New Zealand +64 9 984 4570 info@vistagroup.co.nz vistagroup.co
Slide 30: 2025 Half Year Results
2025 Half Year Results 14 August 2025
Slide 31: Important Notice
Important Notice This presentation has been prepared by Vista Group International Limited and • although Vista Group’s management may indicate and believe its related companies (collectively referred to as Vista Group). This notice the assumptions underlying the forward-looking statements are applie
Slide 32: Agenda
Agenda 01 Highlights Stuart Dickinson | Chief Executive Officer 02 Financial Results Matt Thompson | Chief Financial Officer 03 Cloud Migration Stuart Dickinson | Chief Executive Officer 04 Growth Opportunities Matt Thompson | Chief Financial Officer 05 Outlook Stuart Dickinson | Chief Executive Off
Slide 33: Vista Group's solutions sit at the heart of a connected film industry
Vista Group’s solutions sit at the heart of a connected film industry and enable exceptional cinematic experiences 4
Slide 35: Strong momentum continues, as operating leverage and EBITDA margins improve
Strong momentum continues, as operating leverage and EBITDA margins improve 1H25 $77.0m Total Revenue $77.0m 11% 1H24 $69.6m 1H23 $69.7m • Strong growth across all key 1H25 $70.4m Recurring Revenue $70.4m 11% 1H24 $63.4m metrics 1H23 $60.5m 1H25 $31.6m • Operating leverage expands, SaaS Revenue $31.
Slide 36: Key contracted signings reinforce ongoing client confidence in Vista Cloud
Key contracted signings reinforce ongoing client confidence in Vista Cloud • 309 sites across UK, Ireland and continental Europe • Signed to Operational Excellence, with a multi-year roll out (Finland 17 sites in 2H25, UK and Ireland 117 sites in 2026, continental Europe 175 sites to be confirmed) •
Slide 37: First half box office rebounded in second quarter, setting new records
First half box office rebounded in second quarter, setting new records • A soft first quarter to the Domestic Box Office of US$1.4b1 • Second quarter Domestic Box Office of US$2.7m1 anchored by significantly more movie content • Lilo & Stitch sets a record US$183m Memorial Day Weekend record, surpas
Slide 39: Income statement: Strong revenue growth and improved operating leverage
Income statement: Strong revenue growth and improved operating leverage NZ$m (Six month – Unaudited) 1H25 1H24 % Change • SaaS Revenue up 24% Total revenue 77.0 69.6 +11% Total segmental expenditure (53.1) (47.0) -13% • Recurring Revenue up 11% Contribution margin 23.9 22.6 +6% • ARR of $145.8m up 1
Slide 40: SaaS P&L: Revenue and margins all improving
SaaS P&L: Revenue and margins all improving on • Continued solid cost management prior comparative period • Operating leverage keeps improving, with annual pay review NZ$m (Six months – Unaudited) 1H23 2H23 1H24 2H24 1H25 effective 1 Jan 25 SaaS revenue 21.1 24.8 25.4 30.3 31.6 Non-SaaS revenue 39.4
Slide 41: Seasonality of Revenue
Seasonality of Revenue: Strong first half growth 180 160 7.3% CAGR 20.0% First half seasonality drivers: 90.0 140 80.4 • Project completion: Work focused 73.3 72.7 17.0% 120 15.0% on delivering key client projects to 15.5% 100 go live in the second half NZ$m 80 10.0% • Box Office: Northern hemispher
Slide 42: Segments: All parts of the business are succeeding
Segments: All parts of the business are succeeding Cinema • SaaS Revenue up 29%, supporting Cinema Segment – NZ$m (Unaudited) 1H23 2H23 1H24 2H24 1H25 overall 11% Recurring Revenue SaaS revenue 16.2 19.3 19.5 24.1 25.1 growth on 1H24 Non-SaaS revenue 32.6 31.7 31.4 33.1 31.2 Recurring revenue 48.8 5
Slide 43: Cashflow: Resourcing scaled to meet client demand
Cashflow: Resourcing scaled to meet client demand Highlights include: NZ$m (Six months – Unaudited) 1H25 1H24 % Change Receipts from clients 81.9 75.3 +9% • Operating cash up 370%, or 289% Payments to suppliers & employees (66.9) (70.4) -5% excluding exceptional items Exceptional items1 0.5 (0.5) Ta
Slide 44: Financial Position: A stable balance sheet
Financial Position: A stable balance sheet NZ$m (Unaudited) Jun 2025 Dec 2024 % Change • Net Cash Position up $2.0m Cash 21.9 21.8 n/c Borrowings – Bank (18.5) (19.7) • Additional bank facilities of $23.5m Borrowings – Related Parties + RDTI (0.3) (1.0) available Net Cash Position 3.1 1.1 +182% Trad
Slide 46: Vista Cloud strategy progressing toward 36% client adoption by end of 2025
Vista Cloud strategy progressing toward 36% client adoption of the platform by the end of 2025 2023 2024 2025 Proving product-market fit Proving delivery at scale Accelerating delivery at scale, at pace 36% of client sites live on the platform by the end of 2025 17
Slide 47: Unlocking meaningful value with Vista Cloud
Unlocking meaningful value: Vista Cloud is transforming operations, maximising the power of data, and enabling our clients to focus on their success Increase admit Optimise revenue Reduction in Protecting spend and drive performance cost to serve our clients attendance Moviegoer Accelerated Business
Slide 48: Clients are recognising the meaningful benefits of Vista Cloud
Clients are recognising the meaningful benefits of Vista Cloud "We have been using [Assisted Scheduling] for more than half a year now and comparing manually dragging sessions into the schedule with what we're doing now ... we have saved 50% of that time." Pathé Netherlands “Over the years I have se
Slide 49: 2025 is on track, with work focused on delivering key client projects
Sites live is second half weighted, 2025 is on track, with work focused on delivering key demonstrating progress is not linear client projects in the second half Live Live Live Target 30 Jun 31 Dec 30 Jun 31 Dec 2024 2024 2024 2025 Vista Cloud 59 358 424 ~700 (OE) Digital Solutions 107 325 323 ~900
Slide 50: Demand for Vista Cloud currently exceeds our onboarding capacity
Demand for Vista Cloud currently exceeds our onboarding capacity Enterprise market share1 Live Enterprise Sites Vista Classic Digital Solutions Operational Excellence Total 46% 31 December 2024 3,935 325 358 4,618 Cloud migration (54) (4) 58 - • ~36% client sites are expected on Change in sites (165
Slide 51: We are listening to our clients, and accelerating client onboarding
We are listening to our clients, and accelerating client onboarding Strategic benefits: • Meets client demand • Embeds AI into business, products Capitalised development and and delivery tooling ~$40m deferred implementation costs increasing from ~$25m in 2025 to ~$40m at maximum velocity • Enables
Slide 52: ARR: 100% Platform
This new approach is focused on meeting client demand and delivering our $300m+ ARR aspiration faster 350 12 300 300 142 Film 250 200 NZ$m 150 146 Cinema ARR: 100% Platform 100 ARR: 1H25 50 0 23
Slide 54: Embedded Payments
Embedded Payments 1 2 3 Good for our exhibition clients Good for Vista Group Our aspirations by 100% Platform • Lower payment processing costs • Expands TAM of Vista Classic, Vista • Implied GTV at 100% Platform1: Cloud and Veezi ~US$22.0b • A tightly integrated solution significantly improving exhi
Slide 55: Embedded Payments Go-To-Market Strategy
Embedded Payments Go-To-Market Strategy • Select white-label payments supplier: A world leading global provider • Build initial interface: Expected in 2H25 to support pilot clients • Initial development: ~$2m from existing resources • Wider roll-out: From 2026 • Medium to long-term: Leverage payment
Slide 56: Embedded Payments expanding TAM through existing clients
Embedded Payments is an exciting opportunity, expanding TAM through existing clients ~US$2.2b Annualised GTV1 for the Vista Cloud Platform in the first half of 2025 … ~US$22.0b Implied GTV at 100% Platform for the Vista Cloud Platform and Veezi2 1. Management’s estimate of the annualised GTV process
Slide 57: ARR: 100% Platform + Embedded Payments
Embedded Payments upgrades our 100% Platform ARR aspiration 350 15 315 12 300 300 142 Embedded Film Payments 250 ARR: 100% Platform + Embedded Payments • Embedded Payments increases 200 our existing ARR aspiration by NZ$m ~$15m at 100% Platform 150 146 Cinema ARR: 100% Platform 100 ARR: 1H25 50 0 28
Slide 58: Progress on expansion opportunities has accelerated
Progress on expansion opportunities has accelerated, with Embedded Payments now underway Ecosystem and adjacent expansion opportunities Identified adjacencies include: • Family Entertainment Centres • Film Distribution Embedded Payments ARR aspiration $15m 100% Platform ARR aspiration now $315m Embe
Slide 59: Operating Leverage: No change to 100% Platform EBITDA aspiration
Operating Leverage: No change to our 100% Platform EBITDA aspiration • 100% Platform EBITDA margin of 100% Medium-term cost 33-37% remains unchanged EBITDA (ex FX), 12% 90% drivers • Operational leverage progress EBITDA, 35% 80% CTS – ~25% labour scales expected to stagger with large 70% with cloud
Slide 60: Vista Group: A proven leader delivering growth, scale, and strategic focus
Vista Group: A proven leader delivering growth, scale, and strategic focus Competitive advantage through Increasing total addressable market 46% global market share1 in the as cloud transition brings a greater enterprise cinema market share of client technology spend Strong ARR with $315m+ at 100% I
Slide 62: Movie slate confidence expected to drive sustained box office momentum
Movie slate confidence is expected to drive sustained • FY25 Domestic Box Office revised to box office momentum in the years ahead US$9.4b1 due to softer 1Q25 (FY25 revenue guidance US$9.7m) • Strong movie slate forecast for 2H25 2026/2027 • Growth will track with Domestic Box Office and F&B inflati
Slide 63: Outlook: FY25 guidance and aspirations
Outlook: FY25 guidance and aspirations Guidance Headwinds to revenue:  2025 total revenue guidance of $167m-$173m, likely to be at the lower end of the range • Domestic box office: modelled on  2025 EBITDA margin of 16-18% US$9.7b, Omdia now forecasting US$9.4b (+8% on FY24) Aspirations • Currency
Slide 64: Guidance / Aspiration: upgrading our 100% Platform
Guidance / Aspiration: Executing on our cloud transition strategy, and upgrading our 100% Platform aspirations FY25 FY25 100% Platform Guidance Aspirations Aspirations Revenue $167.0m-173.0m Likely to be at the lower end EBITDA margin 16-18% 33-37% 1,600+ Sites on Vista Cloud Significant proportion
Slide 65: Key takeaways
Key takeaways 1 Strong first half result with all key metrics improving 2 Accelerating to meet client demand for the Vista Cloud Platform 3 Embedded Payments is now underway 4 ARR aspiration upgraded to $315m at 100% Platform 36 36
Slide 68: Vista Group is the global leader in tech & data solutions to the film industry
Vista Group is the global leader in providing tech & data solutions to the film industry 39
Slide 69: Free Cash Flow: positive for the second successive half
Free Cash Flow: Executing our commitment to FCF positive for the second successive half • Positive FCF continues into 1H25 NZ$m (Unaudited) 1H23 2H23 1H24 2H24 1H25 Net movement in cash held (9.2) (8.0) (8.7) 1.4 0.8 • First half seasonality includes Jan Adjust for loan movements - (0.4) (0.8) 0.9 0
Slide 70: Glossary
Glossary Defined Terms: 100% Platform – 6,000 sites on Operational Excellence (Vista Cloud). ARR – Annualised Recurring Revenue, which is a non-GAAP measure calculated as trailing 3 month Recurring Revenue multiplied by four. Aspirations for 2025 ARR assume no delays in key cloud transition projects
Slide 72: Media release: Vista Group upgrades aspirations, accelerates to meet client demand
For immediate release Vista Group upgrades aspirations, accelerates to meet client demand Auckland, New Zealand, 14 August 2025 – Vista Group International Limited (NZX & ASX: VGL) today announced its half year results for the six months ending 30 June 2025, showcasing strong revenue growth, expandi
Slide 73: Strategic update, outlook and operational overview
Strategic update • Embedded Payments pilot expected to launch with select clients in 2H25, targeting $15.0m ARR5 at full deployment • Accelerating adoption of technology (enhancing scalability and performance), AI tooling (driving automation and smarter solutions) and expanding delivery capacity (me
Slide 74: Segmental results
Segmental results Cinema segment: which accounts for approximately 80% of Vista Group’s revenue, reported total revenue of $60.5m, up 9% on 1H24. Within this segment, Recurring Revenue6 increased by 11% and SaaS Revenue6 surged by 29%, while Non-SaaS Revenue6 kept at the same level year on year. The
Slide 75: Media contact and About Vista Group
ENDS For further information please contact: Media Contact: Kate Ford Senior Communications Manager kate.ford@vista.co 020 4770 771 About Vista Group Vista Group International Ltd (Vista Group) is a public company, founded in New Zealand in 1996 and listed on both the New Zealand and Australian stoc
Slide 76: Results Announcement to the market
Vista Group International Limited Results Announcement Results for announcement to the market Name of issuer Vista Group International Limited (NZX & ASX: VGL) Reporting Period 6 months to 30 June 2025 Previous Reporting Period 6 months to 30 June 2024 Currency New Zealand Dollars Amount (000s) Perc

Vista Group International — H1 2025 Earnings Presentation on 6ix

Vista Group International — H1 2025 Earnings Presentation

Slide 1: Market Announcement: Vista Group upgrades aspirations, accelerates to meet client demand

Slide 2: Outlook, operational and industry overview

Slide 3: Footnotes and contacts

Slide 4: Interim Report

Slide 5: Management commentary

Slide 6: Group results, guidance and segmental results

Slide 7: Income statement

Slide 8: Statement of other comprehensive income

Slide 9: Statement of changes in equity

Slide 10: Statement of financial position

Slide 11: Statement of cashflows

Slide 12: Notes to the financial statements

Slide 13: Financial performance: Revenue

Slide 14: Revenue recognition by category

Slide 15: Reporting segments

Slide 16: Revenue by domicile and expenses

Slide 17: Costs categorised within EBITDA

Slide 18: Cash flows and borrowings

Slide 19: Borrowings

Slide 20: Assets and liabilities

Slide 21: ECL provisioning

Slide 22: Goodwill and ECL

Slide 23: Other intangible assets

Slide 24: Provisions

Slide 25: Taxation

Slide 26: Deferred tax assets and liabilities

Slide 27: Capital structure

Slide 28: Other disclosures

Slide 29: Vista Group International Limited contact details

Slide 30: 2025 Half Year Results

Slide 31: Important Notice

Slide 32: Agenda

Slide 33: Vista Group's solutions sit at the heart of a connected film industry

Slide 34: Highlights

Slide 35: Strong momentum continues, as operating leverage and EBITDA margins improve

Slide 36: Key contracted signings reinforce ongoing client confidence in Vista Cloud

Slide 37: First half box office rebounded in second quarter, setting new records

Slide 38: Financial Results

Slide 39: Income statement: Strong revenue growth and improved operating leverage

Slide 40: SaaS P&L: Revenue and margins all improving

Slide 41: Seasonality of Revenue

Slide 42: Segments: All parts of the business are succeeding

Slide 43: Cashflow: Resourcing scaled to meet client demand

Slide 44: Financial Position: A stable balance sheet

Slide 45: Cloud Migration

Slide 46: Vista Cloud strategy progressing toward 36% client adoption by end of 2025

Slide 47: Unlocking meaningful value with Vista Cloud

Slide 48: Clients are recognising the meaningful benefits of Vista Cloud

Slide 49: 2025 is on track, with work focused on delivering key client projects

Slide 50: Demand for Vista Cloud currently exceeds our onboarding capacity

Slide 51: We are listening to our clients, and accelerating client onboarding

Slide 52: ARR: 100% Platform

Slide 53: Growth Opportunities

Slide 54: Embedded Payments

Slide 55: Embedded Payments Go-To-Market Strategy

Slide 56: Embedded Payments expanding TAM through existing clients

Slide 57: ARR: 100% Platform + Embedded Payments

Slide 58: Progress on expansion opportunities has accelerated

Slide 59: Operating Leverage: No change to 100% Platform EBITDA aspiration

Slide 60: Vista Group: A proven leader delivering growth, scale, and strategic focus

Slide 61: Outlook

Slide 62: Movie slate confidence expected to drive sustained box office momentum

Slide 63: Outlook: FY25 guidance and aspirations

Slide 64: Guidance / Aspiration: upgrading our 100% Platform

Slide 65: Key takeaways

Slide 66: Questions

Slide 67: Appendix

Slide 68: Vista Group is the global leader in tech & data solutions to the film industry

Slide 69: Free Cash Flow: positive for the second successive half

Slide 70: Glossary

Slide 71: Thank you

Slide 72: Media release: Vista Group upgrades aspirations, accelerates to meet client demand

Slide 73: Strategic update, outlook and operational overview

Slide 74: Segmental results

Slide 75: Media contact and About Vista Group

Slide 76: Results Announcement to the market