Vista Cloud launch expands horizon for Vista Group

[Auckland, NZ, 27 August 2021]: Vista Group International (NZX & ASX: VGL) announces its 2021 Half Year result today, reporting strong results amidst a wider industry recovery and a free flow of movies into cinemas globally. Highlights o Promising box office recovery with an exciting film slate of Hollywood blockbusters out to end 2022 o Strong first half result with good underlying recurring revenue growth o Vista Cloud launched on time and on budget, expanding the opportunity within cinema o Movio core technology transformation delivers improved insights across the industry o Establishment of a development hub in Mexico Key Financial Metrics o Total revenue $44.9m, in line with the first half of 2020 ('1H20'), recurring revenue up 13% o Positive operating cashflow of $1.0m and reduced cash burn, an average of $1.6m per month for the last six months o EBITDA(1) profit of $6.4m, an improvement of $12.9m compared to 1H20 o Loss before tax of $2.1m, an improvement of $47.9m compared to 1H20 Key Operational Metrics o Launch of Vista Cloud o Active moviegoers and connections in Movio Cinema trending up strongly o Good uptake of Vista Digital, now 142 sites o Maintained 51% market share of the 20+ screens segment (excluding China) Guidance Assuming the current level of cinema opening is sustained at around 80% in key markets and the film release schedule remains on track, Vista Group expects revenue for the full year to 31 December 2021 to be in the range of $95m - $100m, and to be EBITDA(1) and cash flow positive for the second half of 2021. Please refer to the following attachments for full details of the result: o 2021 VGL Interim Report o 2021 Half Year Result Investor Presentation o 2021 Half Year Result Media Announcement o 2021 Half Year NZX Results Announcement Matt Cawte Chief Financial Officer Vista Group International Limited Contact: +64 9 984 4570 (1) EBITDA is a non-GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amortisation, "other gains and losses" (see section 4 of the interim report) and share of equity accounted results from associates and joint ventures. End CA:00378052 For:VGL Type:HALFYR Time:2021-08-27 08:31:16