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

Monday 1st March 2021

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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.


• 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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