2025 Governance Roadshow

2025 Governance Roadshow
24 & 25 March 2025

Important Notice
This presentation has been prepared by Vista Group International Limited
and its related companies(collectively referred to as Vista Group).This
notice applies to this presentation and the verbal or written comments of any
persons presenting it.
Information in this presentation:
•is provided for general information purposes only, does not purport to
becomplete or comprehensive, and is not an offer or invitation or
subscriptionor purchase of, or solicitation of an offer to buy or subscribe
for, financialproducts in Vista Group;
•does not constitute a recommendation or investment or any other typeof
advice and may not be relied upon in connection with any purchaseor
sale of financial products in Vista Group.The presentation is not intended
as investment, legal, tax, financial advice or recommendation to any
person.Independent professional advice should be obtained prior to
making any investment or financial decisions;
•should be read in conjunction with, and is subject to, Vista
Group’sfinancial statements, market releases and information available
on Vista Group’s website (vistagroup.co.nz) and on NZX Limited’s market
announcement platform (nzx.com) under ticker code VGL;
•may contain forward-looking statements about Vista Group and the
environments in which it operates.Forward-looking statements can
include words such as “expect”, “intend”, “believe”, “continue” or similar
words in connection with discussions of future operating or financial
performance or conditions.Such forward-looking statements are based on
significant assumptions andsubjective judgements which are inherently
subject to risks, uncertaintiesand contingencies outside of Vista Group’s
control;
•although VistaGroup’smanagement may indicate and believe
theassumptions underlying the forward-looking statements are
reasonable,any assumptions could prove inaccurate or incorrect and,
therefore, therecan be no assurance that the results contemplated in the
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 performanceof Vista Group,
whichare not, andshould not be regarded as,a reliable indicatorof future
performance.
While all reasonable care has been taken in compiling this presentation,
Vista Group, and their respective directors, employees,agents and advisers
accept no responsibility for any errorsor omissions. Neither Vista Group or
any of its respective directors, employees, agents or advisers makes any
representation or warranty, express orimplied, 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.No
person is under any obligation to update this presentation at any time after its
release.
Capitalised terms not defined in the body of this presentation have the
meanings give to those terms in the glossary provided in the appendix or in
the 2024 Annual Report. Unless otherwise stated, all information in this
presentation is expressed at thedate of this presentation and all currency
amounts are in NZ dollars.
2

Agenda
01
Performance
02
Governance Overview
03
Director Fee Pool
3

Vista Group’s solutions sit at the
heart of a connected film industry and
enable exceptional cinematic experiences
4

Performance

6
Strong financial performance
•All-time record total revenue
of $150.0m
•EBITDA margins of 15.5%
(excluding foreign
exchange)
•Free Cashflow positive
achieved for 2H 2024
•Positive Net Profit After Tax
$150.0m
Total Revenue
$150.0m
$143.0m
2024
2023
2022
$135.1m
$134.6m
Recurring Revenue
2024
2023
2022
9%
$134.6m
$124.0m
$112.3m
$55.7m
SaaS Revenue
2024
2023
2022
21%
$55.7m
$45.9m
$38.4m
$145.6m
ARR
2024
2023
2022
15%
$145.6m
$126.3m
$118.0m
$21.6m
EBITDA
2024
2023
2022
62%
$21.6m
$13.3m
$10.6m
$1.8m
Net Profit Before Tax
2024
2023
2022
110%
$1.8m
6
5%
$16.8m
Operating Cashflow
87%
$16.8m
$9.0m
$12.4m
2024
2023
2022
-$17.5m
-$22.5m

Strong momentum of Cloud Transition
7
1.Clients currently negotiating an agreement for the services.
Sites ‘live’
Live
30 Jun
2024
Live
31 Dec
2024
Target
31 Dec
2025
Vista
Cloud
59358~700
Digital
solutions
166683~1,600
3%
4%
15%
35%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Dec 23Jun 24Dec 24Dec 25
Operational Excellence
Digital Enablement and Moviegoer Engagement
% of Total Exhibition Clients
LiveNowLivein2025December2023Contracting
1
942
VistaCloud
0
2,521
Horizon/ Oneview
1,499
DigitalSolutions
Operational
Excellence
Digital
Enablement
Moviegoer
Experience
Data
Empowerment
20040060080010001200140016001800200022002400
2600

12 month share price performance
8
Market capitalisation since 2021
VGL Market
Cap
Change
($)
Change
(%)
5 January
2021
$386.4m--
23 March
2025
$927.0m$540.6m140%
118%
29%
3%
20%
-30%
-10%
10%
30%
50%
70%
90%
110%
130%
17/03/202417/05/202417/07/202417/09/202417/11/202417/01/202517/03/2025
% change
S&P/NZX All Info Tech IndexVGLGTKSKOERD
VGL has outperformed the NZX All Information Technology Index by ~89% over the last 12 months.

Share price performance (cont.)
9
AnalystDate of ReportRatingTarget (NZ$)
3 March 2025Overweight$4.69
28 February 2025Buy$4.40
3 March 2025Neutral$4.10
3 March 2025Overweight$3.80
28 February 2025Neutral$3.40
1 March 2025Buy$4.51*
28 February 2025Neutral$3.95
Average Consensus
$4.12
1
Foreign exchange AUD:NZD of 1.10:1.00 (2dp).

Governance Overview

11
Board Succession
11
Susan Peterson
Independent Chair
Murray Holdaway
Non-Independent
Executive Director
Claudia Batten
Independent Director
James Miller
Independent Director
Cris Nicolli
Independent Director
Kirk Senior
Non-Independent Non-
Executive Director
•There is an established Board succession process, including an
evaluation of candidates against the published Board Skills Matrix.
•The process was necessarily paused in 2024 while the events
surrounding the requisition of the special meeting were resolved.
•Kirk Senior has advised that he will not stand for re-election at the
ASM on 21 May 2025.
•The process is well progressed, and the Board expects to advise the
market of the outcome of the process in the near future.

Sustainability Framework
BUILDINGGREATERTRUSTSTRONGERTOGETHER
CONSUMINGRESPONSIBLY &
IMPACTFULINNOVATION
•Optimiseour talent -right people, right roles -
to drive productivity, innovation and overall
business success
•Foster a diverse and vibrant culture, which
promotes and rewards high performance
•A continued focus on our aspiration of
reaching 40:40:20 gender representation by
2030
•Improved and highly reliable cinema-branded
digital channels
•Maintaining an effective governance and
decision-making structure Continuous
improvement to safeguard critical systems and
protect data
•Responsible business conduct and ethics
•Maintaining an adequate and effective risk
management and internal control system
•Understand, measure, and reduce Vista
Group’s carbon footprint
•Through innovation assist our clients to reduce
their carbon footprint
•Develop responsible procurement practices
•Develop baseline metrics of performance and
productivity, to enable measurement of year-on-
year progress
•Wellbeing and eNPSscores aligned to at least the
median for the technology sector
•Create a roadmap to ensure all of our people are
treated fairly
•Obtain SOC 2 Type 2 compliance for Vista Cloud
and movieXchangein 2025
•Achieve SOC 2 Type 1 attestation report for
Movio Cinema EQ
•No notifiable privacy breaches or critical
security incidents
•Maintain Board governance roadshows, at least
every 2 years
•100% of direct enterprise clients on cloud
solutions by 2030
•Maintain Toitūcarbonreducecertification
•Measure remaining Scope 3 operational GHG
emission categories
•Reduce Scope 2 GHG emissions (market- based)
by 42% by 2030, from our 2022 base year
FOCUS AREA
TARGETS
UNITED NATIONS
SUSTAINABLE
DEVELOPMENT
GOALS

Incentivising Performance
13
•The Board is committed to clearly linking pay and performance, and evolving our remuneration
disclosures for shareholders.
•The 2024 and 2025 Long Term Incentive Schemes comprise only performance share rights. No
share rights that are conditional only on continued tenure are included.
•The targets under the 2025 Remuneration Framework are not duplicated under the Short Term
and Long Term Incentive Schemes, as follows:
•There is no current need anticipated for any further one-off retention grants for critical talent.
•Independent benchmarking reports, including based on data from a peer group of Australasian
listed technology and entertainment companies, are used to inform executive compensation.
Long Term Incentive SchemeShort Term Incentive Scheme
Vista Group Recurring RevenueVista Group Free Cash Flow
EBITDA Margin (excl. FX gains/losses)Client sites on Vista Cloud
Relative Total Shareholder Return Employee or Client Net Promotor Score
Personal Targets

Director Fee Pool

Director Fee Pool Review
15
•The current Director Fee Pool is NZ$725,000 and was last approved by shareholders in
2021.
•The Board has engaged Guerdon Associates to undertake an independent benchmarking
review of Vista Group’s Director Fee Pool against a defined peer group of Australasian listed
technology and entertainment companies.
•The independent report showed that the current Director Fee Pool is the lowest ranking of
the peer group, that the Chair and Board member fees sit at the second lowest and lowest
ranking among the peers. It should be noted that committee fees sit above the median of the
peer group.
•It is critical that the Board can attract the caliber of directors required to continue to
successfully execute the global strategy.
•Shareholders will be asked to approve an increase to the Director Fee Pool at the ASM on 21
May 2025.
•Further information regarding the comparator group and the independent benchmarking
report will accompany the Notice of Meeting.

Current Directors’ Fees
16
DirectorsChair DirectorARC
Chair
ARC
Member
NRC
Chair
NRC
Member
Total
Susan Peterson
$185,000 ----- $185,000
Claudia Batten-$90,000 ---$12,000 $102,000
Murray Holdaway- $90,000 ----$90,000
James Miller- $90,000 $20,000 ---$110,000
Cris Nicolli-$90,000 - $12,000 $20,000 -$122,000
Kirk Senior-$90,000 - $12,000 -$12,000 $114,000
Total$723,000
Available Headroom in Director Fee Pool$2,000
•The current Director Fee Pool of NZ$725,000 was last approved by shareholders in 2021.
•The Consumer Price Index in New Zealand over the same period increased by over 20%.

Thank you