Vista Group in the Box Seat for the Future of Movies

[Auckland, NZ, 1 March 2021]: Vista Group International (NZX & ASX: VGL), 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 o Well managed second half results, good levels of cash, locked in cost savings and good protection of recurring revenue, ready for industry recovery o Second half cash burn within forecast range o 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 o Vista Cloud transformation accelerates Key Financial Metrics o Positive operating cashflow of $3m, down 81% on 2019 o $3.7m per month average second half cash burn, within forecast range $3-4m per month o Revenue of $88m (61% of 2019) with recurring revenue of $66m (74% of 2019) o EBITDA1 loss of $11m, including non-cash expected credit loss and credit risk provisions of $13m o Loss after tax $57m, includes $70m net non-cash items2 o Year end cash balances of $67m, plus $39m undrawn debt facilities Key Operational Metrics o Maintains 51% market share of the 20+ screens segment excluding China o First customers for Vista Digital and Madex, Odeon UK/Ireland roll out complete (120 sites) o Vista Cloud represents 60% of Vista Cinema development funding o Continue to add new customers: Vista Cinema, Movio Cinema, mica Please refer to the following documents that accompany this announcement for full details of the result. o 2020 Annual Report o 2020 Full Year Result Investor Presentation o 2020 Full Year Result Media Announcement o 2020 Full Year NZX Results Announcement Matt Cawte Chief Financial Officer Vista Group International Limited Contact: +64 9 984 4570 1 See section 2.2 of the Financial Statements in the 2020 Annual Report for the definition and reconciliation of EBITDA. 2 See section 4.1 of the Financial Statements in the 2020 Annual Report. End CA:00368356 For:VGL Type:FLLYR Time:2021-03-01 08:30:56