Vista delivers big screen result

[Auckland, NZ, 1 March 2022]: Vista Group International (NZX & ASX: VGL) announces its 2021 Full Year result today, reporting strong moviegoer attendance globally, commercialisation of Vista Cloud and stronger competitive position.

Highlights
• Achieved 2H21 revenue, EBITDA1 and cash guidance
• Strong box office off the back of Spider-Man: No Way Home, North American Domestic market >US$2b 4Q21
• Stabilised market conditions, cinemas largely open and blockbuster movies released on schedule
• First Vista Cloud customer live and delighted
• Retriever purchase cash and profit positive, supports long term competitive position

Key Financial Highlights
• Revenue of $98.1m (up 12% on 2020) within guidance range
• Recurring revenue1 of $81.4m (up 24% on 2020)
• EBITDA1 profit of $6.5m, improvement of $17.9m on 2020
• Positive 2H21 EBITDA1 excluding expected credit loss and foreign exchange of $1.3m
• Positive operating cashflow of $11.3m, up 277% on 2020
• Cash of $60.4m, up $2.3m from 30 June 2021. Net cash2 of $43.6m

Key Operational Highlights
• Maintains 51% market share of the 20+ screens segment excluding China
• Good progress with Vista Cloud and Vista Digital – improved opportunities for growth
• Expansion and retention of talent is a key focus for 2022
• New customers in Vista Cinema, Veezi, Mica. Vista Cinema expands Odeon footprint.

Please refer to the following documents that accompany this announcement for full details of the result.
• 2021 Annual Report
• 2021 Full Year Result Investor Presentation
• 2021 Full Year Result Media Announcement
• 2021 Full Year NZX Results Announcement

Matt Cawte
Chief Financial Officer
Vista Group International Limited
Contact: +64 9 984 4570

1 See sections 2.1 and 2.2 of the Financial Statements in the 2021 Annual Report for the definition and reconciliation of recurring revenue and EBITDA.
2 Net Cash is total cash less total borrowings.

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Announcement PDF