Vista Group International Ltd · NZX:VGL
Vista Group International — FY2014 Earnings Presentation
19 slides from Vista Group International's earnings presentation, Feb 27, 2015
Slide 1: Vista Group – FY 2014 Results
Vista Group – FY 2014 Results February 2015
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 > Results highlights > Operating performance > Financial performance > Key Points > Questions PAGE 3
Slide 4: Vista Group - Introduction
VISTA GROUP - INTRODUCTION
Slide 5: Business snapshot
Business snapshot > New Zealand headquartered company that is a global leader in film industry software Vista Entertainment Solutions > Vista Group founded 1996 and listed on the NZX and ASX in August 2014 with a market capitalisation of $187.5m, 100% raising $40.0m in new capital > Global footprint
Slide 6: Result Highlights
Result Highlights 1. PFI Exceeded > Revenue up $2.0M or 4% - $47.2M actual vs $45.2M PFI > EBITDA up $0.5m or 6% - $9.4m vs $8.9m PFI > Profit attributable to shareholders up $0.6M or 17% - $4.0M vs $3.4M PFI 2. Operating Metrics > VES revenue up 30% on prior year. Strong cinema performance through
Slide 7: Vista Group – Operating Performance
VISTA GROUP – OPERATING PERFORMANCE
Slide 8: Vista Entertainment Solutions - Vista Cinema
Vista Entertainment Solutions - Vista Cinema > Strong performance > Sites installed in 2014 was 1,103. Almost 2 times our previous record > Revenue up on PFI expectation and 30% higher than 2013 actual > Significant Customer Installations > Regal Cinemas rollout to 583 sites completed ahead of origi
Slide 9: Vista Entertainment Solutions - VEEZI
Vista Entertainment Solutions - VEEZI > Reached 150 total installed sites by 31 December 2014 > Revenue building to PFI expected levels 3,000 independent > Sales and marketing model refinements resulting in more cinemas in the US alone opportunities in the target markets and 20,000+ 1 > Delivered pr
Slide 10: Movio
Movio > Performance on target > Movio Media (studio analytics and marketing product) in BETA test with studios > Continuing to expand through the Vista Cinema client base in additional territories. > Movio functionality acting as a draw card for Vista cinema to potential customers > Technology platf
Slide 11: MACCS
MACCS > Core business performed well in 2014 with new customers in new markets TD > Expected growth from US market Theatrical NT iMACCS Distribution expansion delayed until 2015 System Non Theatrical Web Portal > Preparation of the product and business in readiness for the USA market undertaken > Sh
Slide 12: Numero
Numero Distributors > Now collecting box office results for over 90% of the Australasian market > First phase of product development completed and in trials with major studios > Revenue delayed until 2015 > As a result, share of loss from associate Numero distributes box office data higher than fore
Slide 13: Vista Group - Financial Performance
VISTA GROUP - FINANCIAL PERFORMANCE
Slide 14: Trading Performance
Trading Performance All figures in NZ$m's 2014 Actual 2014 PFI Statutory 2013 Actual Trading $ $ % $ % Revenue 47.2 45.2 4.4% 30.5 54.8% • Revenue supported by strong Operating Expenses 40.6 39.0 4.1% 22.4 81.3% performance from VES cinema, with DADI rollout and Regal Operating Profit 6.6 6.3 4.8% 8
Slide 15: Financial Position
Financial Position All figures in NZ$m's 2014 Actual 2014 PFI Statutory 2013 Actual Financial Position $ $ $ Current assets Cash 30.7 32.1 3.4 • Higher receivables at year end due to Other receivables 22.2 16.6 11.2 higher billing in last quarter 52.9 48.7 14.6 Non Current Assets • Lower investment
Slide 16: Cash Flow
Cash Flow All figures in NZ$m's 2014 Actual 2014 PFI Statutory 2013 Actual Cash Flow $ $ $ Cash received form trading 48.2 44.8 27.1 Cash applied from trading Operating expenese 39.3 34.9 21.4 • Cash flow strong due to higher Tax & interest 2.2 2.0 2.9 trading in last quarter Listing costs 1.8 1.7 -
Slide 17: Summary
SUMMARY
Slide 18: Key points
Key points > 2014 financial performance exceeded PFI > Key customer implementations of the largest cinema exhibitors in the USA and China > Over 1,100 new cinema sites installed, bringing total installed sites to over 4,000. Strong support for recurring revenue base > Our other business units in str
Slide 19: Questions
QUESTIONS
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