2023 Annual Meeting of Shareholders

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ





MARKET ANNOUNCEMENT
25
th
May 2023, Vista Group International Ltd, Auckland, New Zealand

Chair’s Address and Group CEO’s Address - 2023 Annual
Shareholders’ Meeting
Chair’s Address (Susan Peterson)
Tēnā koutou, tēnā koutou, tēnā koutou katoa. Nga mihi nui ki a koutou katoa. Nau mai, haere
mai ki tenei hui a tau. Ko Susan Peterson toku ingoa.
Good afternoon, my name is Susan Peterson, Chair of the Board of Directors of Vista Group
International Limited. On behalf of the Board and Vista Group’s Executive Team, it is my
pleasure to welcome you to our Annual Shareholders’ Meeting for 2023.  
Thank you to our share registrar, Link Market Services, for hosting us today at their offices
and for providing the virtual meeting platform for those joining online.
The virtual meeting platform enables you to vote and ask questions, and we encourage your
participation. I’ll provide you with further instructions as we progress through the meeting. If
you encounter any issues, please refer to the virtual annual meeting online portal guide or you
can phone Link Market Services on the helpline on 0800 200 220.
Before beginning the business of this meeting, I will introduce my fellow Directors:
• James Miller, who also chairs our Audit and Risk Committee.
• Cris Nicolli, who also chairs our Nominations and Remuneration Committee
• Kirk Senior; and
• Claudia Batten.
Murray Holdaway, the Co-Founder of Vista Group had planned to attend but unfortunately is
feeling unwell today and passes on his apologies .

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
Our Group CEO, Stuart Dickinson, is present as are the other members of the Executive
Team.
Our Auditors, represented by Troy Florence from PWC, are also with us today.
Kelvin Preston, our General Counsel and Company Secretary has informed me that a quorum
is present. Accordingly, I declare the meeting open.
I confirm that I am holding valid proxies and postal votes in relation to 178,009,670 voting
shares, representing 75.35% of the voting shares on issue.
Today you will hear from me as Chair of the Board regarding our progress and the Board’s
priorities, and from our CEO, Stuart Dickinson. We will then put forward the resolution
described in the Notice of Meeting and respond to general questions raised by shareholders.
We will address any questions in respect of today’s presentations, or the 2022 Annual Report,
in the General Business section at the end of the meeting. Any questions in respect of the
resolution will be addressed as it is put to the meeting. For those of you here, you can ask a
question by raising your hand. For those of you attending online, please ask questions through
the virtual meeting platform, and I encourage you to do this as soon as you are able.
Now let me turn to Vista Group’s progress over the past year.
We are delighted to welcome Stuart Dickinson as our new Group CEO.
Stuart is an experienced global technology executive with more than 25 years of technology
leadership experience and a proven history of growing great teams. Joining us most recently
from DXC Technology, Stuart has extensive experience in delivering technology
transformation programmes for enterprise clients across Australia, New Zealand and
internationally.
While Stuart officially started with us a few weeks ago, he has since his December
appointment announcement, spent time with our people, our clients and our investors listening
to their perspectives on Vista Group’s strengths and opportunities. It has been a fast start and
the Board is excited about the future ahead under Stuart’s leadership.
Supporting our clients to be more successful sits at the heart of every decision we make at
Vista Group. Our industry leading SaaS platform for Cinema Exhibitors drives the core of our
operations, delivering innovation to our clients more quickly and providing them with
confidence that their systems give their customers the best possible experience. It has been

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
great to see more cinema clients signing up to our platform; and also great to see cinema
attendance across the globe continuing to strengthen to the benefit of the industry as a whole.
Our strategy to support our clients to rebuild their business, connect more moviegoers, deliver
more value to our clients and to create and invest in new opportunities to grow value for our
clients is delivering results. FY22 saw Vista Group deliver revenue of $135.1 million, up 38%
year on year, Annualised Recurring Revenue of $118 million, EBITDA of $10.6 million,
operating cashflow of $12.4m, and the retention of its market leading position of 51% of the
global enterprise cinema market outside of China and India.
As a Board, we remain keenly focused on ensuring that Vista Group delivers profitable growth,
by generating revenue growth and also improving operating efficiency. We remain committed
to growing our free cash flow over time. Stuart will go into more detail about the progress and
opportunities we have ahead of us.
In March, we provided a governance update to the market, outlining the Board’s key priorities
and objectives. The process to transition the Board composition to independent governance
and appoint a new CEO is now complete. The Board is now keenly focused on supporting
Stuart and his team to be successful and monitoring the execution of our SaaS platform
strategy.
We acknowledge that the equity market has been challenging generally, and for technology
stocks particularly, and Vista Group has been no exception. The Board remains focused on
ensuring that Vista Group maintains a strong balance sheet, works towards generating free
cash flow, and is disciplined in its capital expenditure.
Turning to our sustainability journey, we were pleased to share our first sustainability report
this year, outlining our approach and progress thus far. Our forward-looking sustainability
framework is built around three pillars:
• People: Caring for our people and communities
• Trust: Building greater trust
• Environment: Impactful innovation and consuming responsibly.
We are also measuring our carbon footprint and last month published our first voluntary
climate related disclosure report, using the standards of TCFD reporting. We want to make a
meaningful impact in this important area, but we are making sure our approach is right sized
for our relative environmental impact and where we are as a company.

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
To conclude, on behalf of the Board, I would like to thank our global team for your commitment
and dedication as we continue our cloud transformation. Our people are the key to all of the
magic that happens at Vista Group – and we are grateful to each and every one of you. I
would like to acknowledge my fellow directors, Stuart, and our team for their hard work and
dedication over the past year and to finally personally thank you, our shareholders, for your
continuing support.
Nō reira, tēnā koutou, tēnā koutou, tēnā tatou katoa.
I’ll now hand over to Stuart.
Group CEO’s Address (Stuart Dickinson)
Thank you, Susan.
Nau mai. Haere mai. Greetings and welcome to everyone here today.
I am delighted to be here, addressing many of you for the first time. I said in my first Town Hall
with the Vista Group team that I’m more excited than I was in December, when my
appointment was announced, to be part of the company. It’s great to have the chance to meet
with shareholders and I look forward to speaking to a number of you after today’s
presentation.
Another first was attending CinemaCon this time last month. CinemaCon is the largest film
industry trade show in the world, and I wanted to start today by sharing our Vista Group brand
video that was played there as part of my presentation to the industry as it leads into my
discussion about where we are today and how we’re creating connected experiences that
accelerate our platform and our clients’ businesses into the future.
That reel has a great sentence in it...“So the magic of every story – can find the people who
long to see it” - it’s a great ambition. Our ability and opportunity to connect the industry and
power the moviegoer experience was a key factor in bringing me into the Vista Group family.
It was a unique experience attending CinemaCon for the first time. It was a valuable
opportunity to both hear from our clients and show them the significant innovations we
continue to offer as a Group.
We heard from top studio executives, such as the CEO of Warner Bros Discovery, David
Zaslav, on their unwavering commitment to cinema and driving that unparalleled moviegoer
experience. This resonates with our purpose.

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
We saw the diversity of the upcoming film slate and the strong content that will pull
moviegoers – our clients’ customers – into cinemas.
A strong box office is only one part of the story.
Our clients, be they movie studios, distributors, or cinemas, want technology that will optimize
and grow their businesses and take them into the future. Many are evolving how they operate
within the industry and are seeking integrated solutions that are simple and streamlined.
What was clear from these client meetings at CinemaCon is that Vista Group continues to be
the company to meet those demands. We are on the right path with our strategy and
innovation in terms of delivering solutions that exceed our clients’ expectations and reinforce
our standing in the industry with a 51% enterprise exhibition market share outside of China
and India.
It could be easy to take our strong position for granted, but we are not ones to rest on our
laurels. Since the very beginning Vista Group has focused on delivering great software
solutions. Over time we have grown, acquired and brought together an enviable portfolio of
businesses that power our industry’s value chain.
Some of you will already be familiar with the progress we are making with our strategy to build
a sustainable platform that will connect the industry and power the moviegoer experience.
This strategy means we can accelerate our innovation in a way that transforms business,
digital and marketing operations for our exhibitor clients, enables studios, and distributors to
find the right audience, and understand and measure the performance of the movies they
make.
Our SaaS platform and solutions all play a role here to provide the innovation that helps shape
the future of the industry.
In addition to our Cinema platform our Studio and Distribution based SaaS solutions enable
true end-to-end optimisation of movie audience discovery, media and marketing, booking,
movie distribution, box office and revenue reporting processes.
By delivering innovation, scalable and secure platforms, and efficient client support
experiences, the technical tasks of managing an on-premise software stack are largely
removed for our clients, meaning they can spend more time focusing on delivering the best
experience to their customers.
For us, it’s a way to simplify and streamline our offering and ensure we continue to deliver the
best experience in the industry. We're seeing acceleration and client demand across all our

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
solutions. Our Cinema platform now has a presence across North America, EMEA and APAC
regions.
Leading UK independent cinema group, Everyman Media Group, is our latest client to commit
to our Cinema platform and we announced that news earlier this month. Operating over 130
screens currently, Everyman has continued to expand its circuit across the UK, announcing
that it will open new cinemas this year, taking the company to a total of 43 venues in 2023.
We provide business critical infrastructure for our clients, and we’re thrilled to hear of the value
that they are experiencing with our offering.
Movio Cinema EQ client Cineplexx International’s mission is to provide a premium moviegoing
experience for their customers, starting with relevant and personalised communications that
maximise customer engagement and drive visitation. As Managing Partner, Christof Papousek
has said “With EQ, the process to achieve this has been significantly streamlined, as has our
ability to understand who is visiting [our cinemas] and why”.
As a global software technology provider, I believe our role is to help create and facilitate a
more connected future – to enable our clients to better understand their customers. This is a
key part of our purpose.
Vista Oneview, our newest innovation, brings together data from both our Studio and
Exhibition Clouds in an even more connected way. This mobile app offers intelligence in the
pockets of cinema circuit executives, keeping their fingers on the pulse of their business in
real-time and on the go. Oneview provides measurable and actionable data for these
exhibition CEOs and cinema leaders.
A major focus of our strategy is how we can help clients harness the power of Vista Group’s
solutions to grow their business and deliver enhanced experiences for moviegoers. We know,
after previewing the app at CinemaCon, that there is demand and excitement from our clients
to get their hands on Oneview.
Some of the early feedback we received from industry executives included:
“It’s the encyclopaedia for our business in the palm of my hand.”
“I’m going to live in this.”
“It’s so simple and intuitive to use.”

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
Moving from information to business insight is important to our clients and by leveraging the
power of connected solutions we will deliver innovation faster and enable these requirements
in a more meaningful way.
We’re excited to bring this tool to the market later this year.
I mentioned earlier that box office growth is one part of the picture, but it is not the sole
indicator of success for Vista Group.
While there is a natural connection between a strong box office and a thriving film and cinema
industry, we are seeing the industry continuing to transform and exciting opportunities
presenting themselves that show the measurement of success is broadening.
A number of our cinema clients continue to expand their offerings to more of a complete
entertainment experience. It is here where we can increase our addressable market – and not
only continue to grow ourselves but expand the market with our clients.
In December last year, we announced that Cineplex, one of Canada’s leading entertainment
and media companies and a top five cinema circuit in the North American market, signed an
agreement to transition to our Exhibition Cloud.
Cineplex has a full entertainment offering and the agreement includes the implementation of
our Exhibition Cloud across their 1,637 screens at more than 170 movie theatres and location-
based entertainment venues offering dining, gaming, and live entertainment.
Cineplex’s mission is to deliver exceptional experiences across their theatres and venues, and
is a great example of how we can leverage the technology we already have to meet the
diverse needs and a wider scope within the industry. In supporting the move to cloud with
simplified and streamlined offerings and unifying our solutions to deliver innovation, we are
optimising our growth potential for the future.
With our SaaS transformation journey well underway and more clients joining the Cinema
platform and our Studio SaaS solutions, we are clear on where we are going.
Vista Oneview is just one of the ways we are expanding our solutions to further support our
clients’ ongoing success. We are connecting the data we have to enable studios, distributors
and exhibitors to better understand and connect with their customers. This exciting innovation
will see us build a connected future and drive new opportunities for growth and success.

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
As we move further on in our journey with our clients it is also important to understand and
reflect on how our business is setup. As a new pair of eyes, I have the opportunity to observe
to what extent we are optimally setup to enable our success in a SaaS driven business model.
Six weeks into my journey with Vista Group I still have a lot to learn about our clients and
industry. Although, as you can see from Vista Oneview there is tremendous opportunity that
exists between the businesses that have been acquired through acquisitions and growth over
time .
Over the next few months, we will continue to focus our go-to-market approach to increase our
agility and responsiveness to clients and remove any unnecessary complexity that currently
exists .
As Susan mentioned, monitoring and reviewing how we spend our capital is a key focus of the
Board and management team. As you will be aware every dollar of capital we spend is
directed towards building our SaaS platform solutions. Since my arrival I have worked with the
team to identify opportunities to better focus our effort and development investment on
delivering the functionality and innovation demanded most by our clients now.
At the investor day in late 2022 the team forecast that Vista Group would become cash flow
positive during 2025. By sequencing our development investment to more closely align with
client functionality adoption, I am working with the team on ways that we can accelerate this
timing.
Simplicity, operational efficiency, and client centricity will be at the core of the changes we
make to set the business up to succeed into the future. I look forward to talking more about
our progress over the next few months.
With such a solid foundation, a great team and group of clients, there are many opportunities
before us. As I have commented earlier, through areas like our client announcements and
Vista Oneview innovation we are already seeing success in multiple areas. I am excited to be
here and determined to build on this positive trajectory, leverage our technology, and position
the business for continued growth and improved operating performance.
Thank you.
ENDS
For further information please contact:
Stuart Dickinson
Chief Executive Officer
Vista Group International Limited

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Vista Group International Ltd, Shed 12 City Works Depot, 90 Wellesley Street West, Auckland 1010, NZ
Contact: +64 9 984 4570

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

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Page 1
Annual Shareholders’ Meeting
25 May 2023

Page 2
Important Notice
This presentation has been prepared by Vista Group International Limited
(Vista Group).
Information in this presentation:
• is provided for general information purposes only, does not purport to be
complete or comprehensive, and is not an offer or invitation or subscription
or purchase of, or solicitation of an offer to buy or subscribe for, financial
products in Vista Group or any of its related companies;
• does not constitute a recommendation or investment or any other type
of advice, and may not be relied upon in connection with any purchase
or sale of financial products in Vista Group or any of its related companies;
• should be read in conjunction with, and is subject to, Vista Group’s
financial statements, market releases and information available on
Vista Group’s website (www.vistagroup.co.nz) and on NZX Limited’s
website (www.nzx.com) under ticker code VGL;
• may include projections or forward-looking statements about Vista Group
and its related companies and the environments in which they operate.
Such forward-looking statements are based on significant assumptions and
subjective judgements which are inherently subject to risks, uncertainties
and contingencies outside of Vista Group’s control.
Although VistaGroup’smanagement may indicate and believe the
assumptions underlying the forward-looking statements are reasonable,
any assumptions could prove inaccurate or incorrect and, therefore, there
can be no assurance that the results contemplated in the forward-looking
statements will be realised. Vista Group’s actual results or performance
may differ materially from any such forward looking statements; and
• may include statements relating tothepast performanceofVista Group
and/or its related companies, whichare not, andshould not be regarded as,
a reliable indicatoroffuture performance.
While all reasonable care has been taken in compiling this presentation,
Vista Group and its related companies, and their respective directors, employees,
agents and advisers accept no responsibility for any errorsor omissions. None of
Vista Group or its related companies, or any of their respective directors,
employees, agents or advisers makes any representation or warranty, express or
implied, as to the accuracy or completeness of the information in this presentation
or as to the existence, substance or materiality of any information omitted from this
presentation.
Unless otherwise stated, all information in this presentation is expressed at the
date of this presentation and all currency amounts are in NZ dollars.

Page 3
Agenda
01
Introduction and Chair's Address
Susan Peterson
02
Group CEO's Address
Stuart Dickinson
03
Resolution
04
General Business

Page 4
Chair's Address

Page 5
CEO Succession
•A warm welcome to Stuart Dickinson, who assumed therole of Vista Group
CEO last month
•Stuart has extensive experience in delivering technologytransformation
programmes for enterprise customersacross Australia, New Zealand and
internationally
•Accelerating Vista Group's aspirations – bringing together executive team
from around the world to evolve and execute strategic plan

Page 6

Page 7
Governance
Board's priorities 2023/24
•Support CEO transition
•SaaS platformtransformation
•Strong balance sheet – focused on annual
recurring revenue and free cashflow
•Increasing operational efficiency
•Governance Roadshow –strengthening
engagement with investors andstakeholders
•Continuing to build the strength of our team
•Sustainability and TCFD readiness

Page 8
Group CEO's Address

Page 9
CinemaCon
•Opportunity to hear from clients and show
innovations
•Unwavering commitment to cinema from
studio executives
•Vista Group technology to support clients’
businesses and take them into the future

Page 10
Industry leading solutions
•SaaS platform to power the global industry
•Platform presence across key regions
•Delivering rapid innovation, scalable and secure
platforms
•Simplify and streamline our offering to continue
deliveringthe best experience in the industry
Accelerating our platform offering with simplified and streamlined technology
MOVIO CINEMA EQ
VISTA DIGITAL
VISTA CLOUD
Connecting every moviegoer to their ideal movie
Delivering the best digital experience for moviegoers
The future of cinema management

Page 11
Demonstrable progress
•Major Canadian exhibitor, Cineplex, committed
to Vista Cloud in December 2022
•Premium boutique UK cinema chain, Everyman,
the latest client to join the platform in 2023
•Target to transition 100% of Movio Cinema’s
clients to Movio Cinema EQby the end of 2023
Successfulsignings to the Exhibition Cloud

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A more connected future
•Vista Oneview– innovation that brings
the platform together
•Unifies solutions and insights from Vista,
Numeroand Movio
•Intelligence in the pockets of C-suite
exhibitors
•High demand from cinema executives:
"I'm going to live in this"
Leveraging our platform to deliver new innovation

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Optimisinggrowth potential
•Cinemas expanding to full entertainment offering
•Increase addressable market – for exhibitors and
Vista Group
•Cineplex – 1,637 screens plus entertainment venues
within amusement, media and digital media
•Delivering exceptional experiences and broadening
growth potential
Expanding the market withour clients

Page 14
Outlook
Strategic
•Expanding our capabilities to further
support our clients’ ongoing success
•Building a connected future with
platform and innovation
•Leading global position in the industry
Operational
•Oneviewpreparing for launch
•Increase agility and responsiveness to
clients
Financial
•Capital spend directed towards platform
solutions
•Drive efficiency, operating leverage and
deliver positive free cash flow
Unified, simplified future

Page 15
Resolution

Page 16
That the Board is authorized to fix the fees and expenses of PricewaterhouseCoopers as
auditor for the ensuing year.
Resolution

Page 17
Resolution
That the Board is authorized to fix the fees and expenses of PricewaterhouseCoopers as
auditor for the ensuing year.
Proxies and Postal Votes received:
For 160,851,323 (99.3%)
Proxy discretion 1,108,541(0.68%)
Against 21,181 (0.01%)
Abstain29,873

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Questions

Page 19
Thank you