Vista Group International Ltd · NZX:VGL
Vista Group International — Barrenjoey Emerging Growth Conference 2025
18 slides from Vista Group International's conference presentation, Nov 25, 2025
Slide 1: Barrenjoey Emerging Growth Conference Presentation
MARKET ANNOUNCEMENT 25 November 2025, Vista Group International Ltd, Auckland, New Zealand Barrenjoey Emerging Growth Conference Presentation Vista Group International Limited (NZX/ASX: VGL) provides a copy of the presentation that Stuart Dickinson (CEO) and Matt Thompson (CFO) will be providing tod
Slide 2: Vista Group Overview – Barrenjoey Emerging Growth Conference
Vista Group Overview – Barrenjoey Emerging Growth Conference
Slide 3: Important Notice
Important Notice This presentation has been prepared by Vista Group International Limited and its • although Vista Group’s management may indicate and believe the assumptions related companies (collectively referred to as Vista Group). This notice applies to underlying the forward-looking statements
Slide 4: Vista Group is the global leader in providing tech and data solutions to the film industry
Vista Group is the global leader in providing tech and data solutions to the film industry Film studio & distributor Cinema – head office Cinema – F+B Cinema – back office Cinema – front of house Cinema – theatre Moviegoer Movie marketing Reporting & analytics Kitchen operations Cinema management Po
Slide 5: Our solutions power 46% of the Global Market Share of enterprise cinemas
Our solutions power 46% of the Global Market Share of enterprise cinemas outside of Russia, China and India Key Points Our Vista Cloud clients include: 46% Global Market Share ~US$2.2b 1H25 GTV 80+ countries ~720 employees 4 4
Slide 6: Vista Group's growth is being driven by its new cloud-based platform offerings
Vista Group’s growth is being driven by its new cloud-based platform offerings Operational Priorities Revenue and EBITDA in NZDm 180 To sell and accelerate transitioning our SaaS Platform 160 +14% existing on-premise enterprise clients (with CAGR Transformation 20+ screens) to the Vista Cloud Platfo
Slide 7: Vista Cloud is maximising the power of data, and enabling our clients to focus on their success
Vista Cloud is 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 Operational Security & experience innovation continu
Slide 8: Our clients are recognising the meaningful benefits of Vista Cloud
And it is not just us saying it, our 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
Slide 9: Cinebar Case Study: With Vista Cloud, Cinebar boosts spend, loyalty, and operational flow
Cinebar Case Study: With Vista Cloud, Cinebar boosts spend, loyalty, and operational flow through self-service Then “We’re finding more and • No F&B integration in online booking flow more that customers like • Looking to empower moviegoers with the self-sufficiency we can greater self-service offer
Slide 10: 2025 Progress: On track for ~1,600 exhibition client sites on the Vista Cloud Platform
2025 Progress: On track with our aspiration for ~1,600 exhibition client sites on the Vista Cloud Platform by the end of 2025 Accelerated Vista Cloud Adoption Exhibition Client Sites on the Vista Cloud Platform 1,800 36% Aspiration 1,600 30 Jun 31 Dec 30 Jun 31 Dec 2024 2024 2024 2025 1,400 Vista Cl
Slide 11: Embedded Payments has upgraded our 100% Platform ARR aspiration to $315m
Embedded Payments has upgraded our 100% Platform ARR aspiration to $315m, pilot clients are expected by the end of 2025 Embedded Payments expands platform breadth Adyen signed as ‘white label’ solution global supplier Embedded Payments ARR aspiration $15m 100% Platform ARR aspiration now $315m Time
Slide 12: Other adjacent expansion opportunities have been identified to augment the Vista Cloud Platform
Other adjacent expansion opportunities have been identified to augment the Vista Cloud Platform Ecosystem and adjacent expansion opportunities Identified adjacencies: • Family Entertainment Centres • Film Distribution Embedded Payments ARR aspiration $15m 100% Platform ARR aspiration now $315m Platf
Slide 13: Accelerating to meet client demand, with Free Cash Flows being deployed
We are now accelerating to meet client demand, with Free Cash Flows being deployed to accelerate the cloud platform transition Vista Group’s core operations are expected to generate ~$20m of normalised Free Cash Flows for FY2025, and to grow to ~$75m at 100% Platform Free Cash Flows at 100% Platform
Slide 14: 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 Share in the as cloud transition brings a greater enterprise cinema market share of client technology spend Strong ARR with $315m+ at 100% In
Slide 15: Appendix
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Slide 16: Glossary
Glossary Defined Terms: 100% Platform – 6,000 sites on Operational Excellence (Vista Cloud). ARR – Annualised Recurring Revenue, which is a non-GAAP measure calculated as trailing 3 month Recurring Revenue multiplied by four. EBITDA – a non-GAAP measure which is defined as earnings before net financ
Slide 17: No changes to our 100% Platform EBITDA aspiration
No changes to our 100% Platform EBITDA aspiration • 100% Platform EBITDA margin of 100% Medium-term cost 33-37% remains unchanged EBITDA (ex FX), 12% 90% drivers • Operational leverage progress EBITDA, 35% 80% CTS – ~25% labour scales expected to stagger with large 70% with cloud delivery and wage C
Slide 18: Free Cash Flow and Underlying FCF Calculations
Free Cash Flow and Underlying FCF Calculations NZ$m 1H23 2H23 1H24 2H24 1H25 Net movement in cash held (9.2) (8.0) (8.7) 1.4 0.8 Adjust for loan movements - (0.4) (0.8) 0.9 0.7 Adjust for exceptional items - 5.0 0.5 0.3 (0.5) Adjust for acquisitions / earn-outs 1.3 - 0.5 - - Free Cash Flow (7.9) (3.
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