Resilient Vista Navigates Pandemic in Strong Position

[Auckland, NZ, 27 August 2020]: Vista Group International (NZX & ASX: VGL), announces its 2020 Half Year result today, reporting a continued market leading position, a strong balance sheet and the reopening of cinemas globally. Highlights o Strong balance sheet highlighted by good levels of cash - driven by good cost savings and better than expected collections o Leaner and more agile organisation serving resurgent cinema industry o Customer relationships strengthened underscoring critical nature of solutions for film industry o SaaS transformation project closely aligned with post-COVID industry needs Key Financial Metrics o Positive operating cashflow of $16.7m, up 123% on first half 2019, includes $3.8m of local and international wage subsidies and $3.8m of tax deferrals o Successful $62.4m capital raise with strong investor support o Revenue down 34% to $44.8m o EBITDA loss of $6.5m, including non-cash expected credit loss and credit risk provisions of $7.6m o Loss before tax of $47.9m, including non-cash impairment charges and credit provisions $36.1m Key Operational Metrics o Maintains 51% market share of the 20+ screens segment excluding China o Innovation continues in all Group companies with new products and enhancements o New customer sales: Vista Cinema, Movio Cinema, Maccs with Mica Please refer to the following attachments for full details of the result. o 2020 Interim Financial Statements and Management Commentary o 2020 Half Year Result Investor Presentation o 2020 Half Year Result Media Announcement o 2020 Half Year NZX Results Announcement Matt Cawte Chief Financial Officer Vista Group International Limited Contact: +64 9 984 4570 End CA:00358757 For:VGL Type:INTERIM Time:2020-08-27 08:31:40