Vista Group International Ltd · NZX:VGL
Vista Group International — Shareholder Meeting (May 2020)
27 slides from Vista Group International's shareholder meeting presentation, May 28, 2020
Slide 1: Vista Group 2020 Annual Meeting of Shareholders
VISTA GROUP 2020 ANNUAL MEETING OF SHAREHOLDERS 28 May 2020
Slide 2: Agenda
AGENDA INTRODUCTION & CHAIRMAN’S ADDRESS KIRK SENIOR GROUP CEO’S ADDRESS KIMBAL RILEY RESOLUTIONS RESOLUTION 1 – Appointment of Auditors and Auditors’ Remuneration RESOLUTION 2 – Re-election of Brian Cadzow as a Director RESOLUTION 3 – Re-election of James Ogden as a Director QUESTIONS GENERAL BUSIN
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS 3
Slide 4: Vista Group Summary from the Chair
VISTA GROUP SUMMARY FROM THE CHAIR • 2019 strong finish, set up for 2020 • Good Q1 2020, was on track for growth • Pandemic – Acted swiftly • Emerging in a very strong position 4
Slide 5: Vista Group Summary from the Chair
VISTA GROUP SUMMARY FROM THE CHAIR Post COVID-19 • A strong balance sheet • A structure focused heavily on margin growth • Advanced investment in our critical SaaS project • A very focused and strong customer relationship • Great opportunities to grow our market share • A first-class management team
Slide 6: Group CEO's Address
GROUP CEO’S ADDRESS 6
Slide 7: Vista Group – 2019 Results
VISTA GROUP – 2019 RESULTS Solid 2nd half performance underpinned results in line with guidance. • Group revenue growth of 11% highlighted by 16% growth for core business • Solid underlying EBITDA performance • SaaS revenue now 33%, recurring revenue steady at 61% up $8m • Good revenue growth and a
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS TOTAL REVENUE RECURRING REVENUE OPERATING PROFIT $144.5m $88.2m $21.3m (up 11%) (up 11%) (down 14%) EBITDA1 OPERATING CASHFLOW $31.1m $15.5m (down 5%) (down 44%) 1EBITDA is a Non-GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amort
Slide 9: Operating Metrics of the Core Businesses in 2019
OPERATING METRICS OF THE CORE BUSINESSES IN 2019 VISTA CINEMA MOVIO Cinema management software for all the world’s World leading, data driven, marketing tools to the cinemas global film industry • 857 new sites,143 in China • Movio Cinema grew 19%, increasing footprint to 57 • Total 8,059 sites, 1,1
Slide 10: The COVID Pandemic
THE COVID PANDEMIC 10
Slide 11: COVID-19 Pandemic Impacts
COVID-19 PANDEMIC IMPACTS • Cinemas worldwide closed MARKET • Movie release schedules largely deferred to later in 2020 or 2021. • Cinema closure impacts customers financial position • Many cinema customers are unable to pay their accounts on time CUSTOMERS • Studio and distributors less impacted to
Slide 12: Response to COVID-19
RESPONSE TO COVID-19 • Look after our people PRIORITIES • Engage with our customers and actively support them • Ensure we come through COVID-19 stronger and more agile. • All working from home – assisted our excellent IT teams and supported by P&C OUR PEOPLE • Working from Home – only marginal produ
Slide 13: Cinema Reopening Kit
CINEMA REOPENING KIT >. o s | vista Cinema Reopening Kit
Slide 14: Well Positioned for Recovery Post COVID-19
WELL POSITIONED FOR RECOVERY POST COVID-19 • Well capitalised • Leading global provider of software and data analytics solutions to the industry • Large and loyal global client base STRONG • Business critical solutions FUNDAMENTALS • Pro-actively customers supporting during and post Covid-19 • New b
Slide 15: Looking Forward - Outlook
LOOKING FORWARD - OUTLOOK • The timing of cinema re-opening, and the response of movie-goers once cinemas re-open remains uncertain LOOKING • We continue to review our operations and structures to ensure we are best positioned to navigate this FORWARD uncertainty • We remain committed to delivering
Slide 16: Resolutions
RESOLUTIONS 16
Slide 17: Resolutions
RESOLUTIONS • Resolution 1 – That the Board is authorised to fix the fees and expenses of PwC as auditor for the ensuing year. • Resolution 2 – That Brian Cadzow be re-elected as a Director of Vista Group. • Resolution 3 – That James Ogden be re-elected as a Director of Vista Group. 17
Slide 18: Resolutions
RESOLUTIONS Resolution 1 – That the Board is authorised to fix the fees and expenses of PwC as auditor for the ensuing year. 18
Slide 19: Resolutions
RESOLUTIONS Resolution 1 – That the Board is authorised to fix the fees and expenses of PwC as auditor for the ensuing year. Confirmation of Proxies: • Proxies and Postal Votes received: • For 157,535,337 (99.61%) • Proxy discretion 606,613 (0.38%) • Against 5,808 (0.01%) • Abstain 110,453 19
Slide 20: Resolutions
RESOLUTIONS Resolution 2 – That Brian Cadzow be re-elected as a Director of Vista Group. 20
Slide 21: Resolutions
RESOLUTIONS Resolution 2 – That Brian Cadzow be re-elected as a Director of Vista Group. Confirmation of Proxies: • Proxies and Postal Votes received: • For 156,179,297 (98.75%) • Proxy discretion 606,567 (0.38%) • Against 1,366,009 (0.87%) • Abstain 106,338 21
Slide 22: Resolutions
RESOLUTIONS Resolution 3 – That James Ogden be re-elected as a Director of Vista Group. 22
Slide 23: Resolutions
RESOLUTIONS Resolution 3 – That James Ogden be re-elected as a Director of Vista Group. Confirmation of Proxies: • Proxies and Postal Votes received: • For 157,476,608 (99.56%) • Proxy discretion 606,567 (0.38%) • Against 84,389 (0.06%) • Abstain 90,647 23
Slide 24: Questions, General Business
QUESTIONS GENERAL BUSINESS 24
Slide 25: Closing
CLOSING 25
Slide 26: 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 or pu
Slide 27: Vista Group 2020 Annual Meeting of Shareholders
VISTA GROUP 2020 ANNUAL MEETING OF SHAREHOLDERS 28 May 2020
Vista Group International — Shareholder Meeting (May 2020) on 6ix