Vista Group International Limited (NZX: VGL) Vista Group in the Box Seat for the Future of Movies

Monday 1st March 2021

Vista Group International announces its 2020 Full Year result today, reporting good progress on innovation, deeper customer relationships and a strong position for the recovery of cinemas globally.

Highlights

• Well managed second half results, good levels of cash, locked in cost savings and good protection of recurring revenue, ready for industry recovery

• Second half cash burn within forecast range

• Customer relationships remain at the centre of Group strategy, underscoring critical nature of Vista’s solutions for the film industry, limited permanent customer closures/insolvencies

• Vista Cloud transformation accelerates

Key Financial Metrics

• Positive operating cashflow of $3m, down 81% on 2019

• $3.7m per month average second half cash burn, within forecast range $3-4m per month

• Revenue of $88m (61% of 2019) with recurring revenue of $66m (74% of 2019)

• EBITDA loss of $11m, including non-cash expected credit loss and credit risk provisions of $13m

• Loss after tax $57m, includes $70m net non-cash items

• Year end cash balances of $67m, plus $39m undrawn debt facilities

Key Operational Metrics

• Maintains 51% market share of the 20+ screens segment excluding China

• First customers for Vista Digital and Madex, Odeon UK/Ireland roll out complete (120 sites)

• Vista Cloud represents 60% of Vista Cinema development funding

• Continue to add new customers: Vista Cinema, Movio Cinema, mica

Please see the links below for details:

2020 VGL Annual Report

2020 Full Year Result Investor Presentation

2020 Full Year Result Media Announcement

2020 Full Year NZX Results Announcement

2020 ASX Compliance Confirmation

Source: Vista Group International Limited

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