Vista Group withdraws guidance and suspends dividend

____________________________________________________________________________________________
Vista Group International Ltd, L3, 60 Khyber Pass Road, Newton, PO Box 8279, Symonds St, Auckland 1150, NZ


MARKET ANNOUNCEMENT
17 March 20 20, Vista Group International Ltd, Auckland, New Zealand

Vista Group withdraws market guidance and suspends dividend

In light of the uncertainty surrounding the impact of the COVID-19 outbreak on the global film
industry, Vista Group has today announced that it is withdrawing its full year 2020 revenue
and EBITDA guidance.
Vista Group Chief Executive Officer, Kimbal Riley stated: “The rapidly evolving nature of this
outbreak and each country’s response to it are making it difficult to predict the impact it is
likely to have on Vista Group’s year end position.”
“As Vista Group is the largest supplier of software to the global film industry, we are linked to
the success of that industry, but it is worth noting that:
• Less than 5% of Vista Group’s revenue is directly correlated with cinema ticket sales.
• More than 60% of Vista Group’s revenue is recurring in nature, with most of this coming
from term agreements with our customers.
• Several large implementations of Vista Cinema software are in process and work on
these is continuing.
• Our staff continue to be engaged in performing campaigns, research, support and
development under contracted projects with our customers.
• Vista China is an associate of Vista Group, meaning that Vista Group does not
consolidate Vista China’s revenue in its financial results. Vista Group only reports its
share of the profit of Vista China, which to date has not been a significant proportion of
Vista Group’s profit.”
“We are conscious however, that the outbreak and the resulting uncertainty around public
gatherings, may prove more challenging for our customers. We have excellent customer
relationships and we are actively working with them to provide the assistance that we can,
including providing a range of products that may benefit their operations during this period.”
Given the unknown duration of the outbreak, Vista Group is focused on making prudent
decisions and maintaining its current balance sheet strength.
In that light, Vista Group is suspending payment of the dividend announced on February 27
until further notice. This decision will be revisited once the trajectory of the COVID-19
outbreak and its impact on the global film industry become clearer.

____________________________________________________________________________________________
Vista Group International Ltd, L3, 60 Khyber Pass Road, Newton, PO Box 8279, Symonds St, Auckland 1150, NZ


Vista Group’s key focus over this period is on the health and wellbeing of its global workforce
and working with and supporting all its customers.

For further information please contact:

Kimbal Riley
Chief Executive Officer
Vista Group International Ltd
Contact: +64 21 447 901