2026 Annual Meeting of Shareholders

1 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

MARKET ANNOUNCEMENT
21
st
May 2026, Vista Group International Ltd, Auckland, New Zealand

_____________________________________________________________

Chair’s Address and CEO’s Address – 2026 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 Global Senior Leadership Team, it
is my pleasure to welcome you to our Annual Shareholders’ Meeting for 2026.
Thank you to our share registrar, MUFG Pension & Market Services, for hosting us at their offices
today, and for providing the virtual meeting platform for those joining online.
At our Annual Shareholders’ Meeting last year, we noted that 2024 was a year of strong performance
in a challenging environment, and 2025 has been another year of strong performance again amidst
a challenging external environment.
Some complex factors remain the same, with broader economic conditions continuing to create a
demanding operating environment for some of our clients.
We also recognise 2025 has been a challenging year for shareholder returns amid global market
volatility in software company valuations, further compounded by geopolitical uncertainty, including
conflict in the Middle East.
Vista Group is certainly not alone in facing these headwinds, and despite these external challenges,
we again delivered a strong set of results in 2025.
Making our clients more successful is at the heart of everything we do, and this year marks 30 years
of partnering with our clients across the world to support their growth.
The Board remains focused on supporting the team to accelerate our cloud transition through
disciplined execution, that not only unlocks value for our clients and underpins our long-term strategy
but will also deliver sustainable long-term shareholder value.

2 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

Strong client demand saw us accelerate the onboarding of more clients to Vista Cloud, and now 35%
of Vista Group cinema clients’ sites have successfully transitioned to our cloud-based solutions.
We are pursuing this transition with disciplined cost management and flexibility in how we invest.
That discipline has supported margin improvement, even as we continue to accelerate Vista Cloud
adoption.
In 2025, we continued to advance initiatives that underpin Vista Group’s long-term growth. In
response to strong client demand for Vista Cloud, we committed to targeted investment in
accelerating our onboarding capacity, which has allowed us to move from a broad ‘platform’ target
to clear 2030 exit-rate aspirations, evidencing the scale and quality of earnings we believe we can
achieve over a more defined timeframe.
2025 also marked a significant milestone with the successful launch of Vista Payments. This new
offering provides clients with an embedded payments solution that is tightly integrated with Vista
Group’s technology. We are delighted to have our pilot clients now live and using Vista Payments,
and we are excited with how this solution is being received at this early stage of roll out.
I am pleased to report that Vista Group once again delivered an all-time record revenue result.
Revenue of $164 million represents a 10% year-on-year increase, with Recurring Revenue up 9%
and SaaS Revenue growing 25% compared with 2024.
In parallel, the team maintained a strong focus on improving operational efficiency, delivering
EBITDA of $28 million and an EBITDA margin of 17.2%, an increase of 2.8 percentage points relative
to 2024.
Together, this combination of revenue growth and improved operational efficiency drove a 65%
increase in Operating Cash and a return to an overall net profit after tax.
Best practice corporate governance remains a priority, and the Board is firmly committed to
delivering value for all shareholders.
The Board’s oversight is particularly focused on the pace and quality of cloud migrations, client
satisfaction through the transition, continued progress in cash generation and margins and
overseeing the successful expansion of the platform, including the launch of growth levers such as
Vista Payments.
Importantly, while Vista Group’s share price has been influenced by broader market conditions, I
want to acknowledge the team’s achievement of growing margins and a return to profitability in a
challenging global environment.

3 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

We’re also very mindful of the increasing importance of AI, not just as a technology opportunity, but
as a governance responsibility. The Board has oversight of how AI is embedded into Vista Group’s
product suite and integrated operationally across the business, and of the comprehensive risk and
governance frameworks that sit alongside that, particularly around data integrity, security, and cyber
resilience.
The Board remains firmly committed to a remuneration strategy and framework that supports the
achievement of Vista Group’s short- and long-term strategic objectives. We continue to take
shareholder and broader market feedback seriously, ensuring that the framework evolves and strikes
an appropriate balance between performance, accountability, and alignment with market
expectations.
I would like to take the opportunity to briefly address the director nomination from Mr. Stephen
Mayne.
Mr. Mayne has advised that he does not wish to be elected as a Director of Vista Group but is instead
using the nomination process to raise what he describes as his platform, advocating for dual-listed
companies to follow Australian legislation and put their remuneration reports to a non-binding
shareholder vote.
In April this year, Cris Nicolli and I undertook our annual Governance Roadshow, meeting with
institutional investors and shareholder representative groups, including the New Zealand
Shareholders’ Association, together representing the majority of our register. Those discussions
supported the transparency of our corporate governance and remuneration disclosures, and
reinforced the importance of performance, and long-term value creation. We also took this
opportunity to discuss Mr. Mayne’s self-nomination. I would note that we did not have any of those
stakeholders express support for Mr. Mayne’s platform or the approach being adopted in raising the
issue today.
Governance practices can and do vary across companies depending on their size, structure, country
of incorporation, and primary listing. One size does not fit all, and any additional compliance cost
needs to be carefully considered, particularly for small cap companies, where there is limited
perceivable benefit for shareholders.
Vista Group is a New Zealand-incorporated company with its primary listing on the NZX, and as such
is governed by New Zealand law. Our strong view, supported by other stakeholders, is that New
Zealand law already provides appropriate avenues for shareholder concerns such as this to be
raised, including at shareholder meetings like this one.

4 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

We remain committed to continuing to enhance our corporate disclosures, and comfortable that our
current approach is right sized for Vista Group and in the best interests of the company and you, its
shareholders.
Turning now to our Board succession process, which is well established and progressing well.
As we work through this process, we are undertaking an evaluation of candidates against our
published Board Skills Matrix and experience criteria, ensuring we continue to have the right mix of
skills, perspectives, and experience to support the company through its next phase of growth.
Today, Directors Murray Holdaway and Claudia Batten have voluntarily offered themselves for re-
election a year earlier than required. This was done to facilitate an even spread of director re-
elections at each annual meeting and support the smooth progression of our Board succession over
the coming period. We hope to be able to provide you with more details regarding this over the
coming months.
I would like to take this opportunity to express my sincere gratitude to my fellow Directors for their
continued commitment and contributions to Vista Group.
To Stuart and the wider Vista Group team, thank you for your hard work, resilience, and unwavering
focus on supporting our clients and executing the strategy in a complex operating environment. We
can be proud of what has been achieved together over the past year.
Finally, thank you to our shareholders for your continued engagement, support, and trust. We value
the time you give to Vista Group and the confidence you place in us. We look ahead with a clear
focus on long-term value creation and delivering more for you in the year to come.
Nō reira, tēnā koutou, tēnā koutou, tēnā tatou katoa.
I will now hand over to Stuart.

CEO’s Address (Stuart Dickinson)
Thank you, Susan.
Nau mai. Haere mai.
Good afternoon everyone. It’s great to welcome you to our Annual Shareholders’ Meeting. Thank
you for taking the time to be here and for your continued support of Vista Group.
The presentation includes a video that was played at VistaCon, our client conference, in February.
It’s a good snapshot of what we do at our best: bringing together the journey of a movie, from studio

5 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

to screen, and the journey of moviegoing itself. It’s also a reminder of just how mission critical our
solutions are for our clients.
As Susan has outlined, the past year hasn’t been without its challenges for many businesses
globally. Market conditions have created more uncertainty, and sentiment toward global SaaS
businesses has shifted. In that environment, what matters most is execution and in FY25 we lifted
execution across the business, particularly in cinema cloud onboarding throughput, delivery, and
financial discipline.
FY25 was a strong year for Vista Group.
We delivered record revenue, expanded EBITDA margins, returned to profitability, and materially
strengthened operating cash flow.
As you know, we’re in the middle of a major platform transformation, moving our cinema clients from
our on premises software onto our cloud based operating platform, Vista Cloud.
These transitions are complex, so it’s good to be able to stand here today and talk about the real
progress we have made. It’s a credit to our people and to the clients partnering with us that 35% of
our enterprise sites are now using Vista Cloud.
By the end of 2025, nearly 1,600 enterprise sites were live on Vista Cloud, an increase of almost
900 sites during the year. Four of our top five clients, and seven of our top ten, are now either fully
live or progressing through phased migrations to Vista Cloud, many across multiple territories.
Demand for Vista Cloud continued to grow in 2025 and it outpaced our delivery capacity. So we’ve
been scaling our delivery teams to lift onboarding throughput and unlock more of our pipeline.
Alongside the migration work, we’ve kept building and shipping improvements that help our clients
run their businesses better day to day. In 2025, we delivered more than 70 new and meaningful
features from our Vista Cloud roadmap.
We also continued to develop our AI enhanced capabilities and I’ll come back to that in a moment.
One area I’m particularly keen to emphasise today is client momentum, both from our recently
announced new wins, and from existing clients continuing to deepen and expand their relationship
with Vista.
During 2025, we were pleased to announce a number of marquee Vista Cloud signings, including
Odeon, Kinepolis and Village. And it was the depth of engagement and how far advanced
discussions were with several other major clients that really emphasised that we needed to increase
our delivery capacity.

6 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

It has been great to see these discussions progress through to signings this year, with cinema heavy-
weights, Cinépolis, and Cineworld, all announced over the last couple of weeks.
It was incredibly exciting to have Cinépolis sites signed to Operational Excellence yesterday, with
the transition expected to occur through the course of 2026. This represents our largest Vista Cloud
circuit country commitment to date.
Cineworld, with nearly 90 sites, is the largest UK circuit of Regal Entertainment Group again, one of
the largest enterprise cinema chains globally. Having transitioned Regal’s Picturehouse circuit to
Digital Enablement during 2025, it is fantastic to have Cineworld now transitioning during 2026.
Standing here today, I’m genuinely excited to be able to demonstrate the evident increase in client
demand and encouraged by the progress we’ve made in unlocking our onboarding capacity. We
look forward to build on this momentum over the remainder of this year and beyond.
I also want to take a moment to talk about the film side of our business. Our vision is clear: our
solutions sit at the heart of a connected film industry. That means connecting distributors, studios
and exhibitors across the ecosystem, the same operational reality, and ultimately the same
audience.
In FY25, our film solutions continued to strengthen. Through Numero and Movio’s audience insights
solution, we supported studios and distributors with deeper insight into audience demand, film
performance and release planning effectiveness, across the full lifecycle of a theatrical release.
This work matters. A healthier film slate, better release strategies, and strong alignment between
film companies and exhibitors all translate into better outcomes for cinema, and better outcomes for
our clients.
Over the last 12 months, AI has become a major topic across the technology sector and more
broadly, society. In our market there’s a lot of excitement, and there’s also a lot of noise.
Our approach at Vista Group is deliberate and practical. We don’t treat AI as something separate
that we bolt onto products. We build it into the workflows our clients already rely on inside Vista
Cloud, and we’ve embedded it across our own operations as a business.
We have a durable foundation for applying AI at scale. Every ticket sold, every seat selected, every
concession transaction runs through our systems.
AI isn’t new for us. We have and are continuing to embed AI capabilities directly into Vista Cloud,
focused on outcomes clients care about: improving attendance, optimising pricing and scheduling,
reducing cost to serve, all while protecting client data, cyber security and revenue integrity.

7 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

Many of these AI enabled features are already live and in use today from assisted scheduling tools
that help film programmers place the right movie on the right screen, to predictive analytics that help
exhibitors better understand customer lifetime value and churn.
These are practical tools, shaped through direct client input.
And because this builds on three decades of connected data and operational know how, we can
innovate with focus on what matters most for our exhibitor clients.
At the same time, we’re using AI across Vista Group in engineering, support, onboarding, and our
internal workflows. We’re already seeing productivity gains in how teams build, deploy and support
our software, and over time that gives us a clear path to further margin expansion. We will continue
to focus on supporting our teams to adopt and leverage AI as they grow their careers.
And we’re doing this in a way that’s secure, governed, and trusted because that matters deeply in
an industry that relies on us for accuracy and independence.
Alongside our core Vista Cloud strategy, we’re also adding a small number of complementary growth
levers that deepen our client relationships and extend what the platform can do over time.
One of the most exciting developments over the past year has been the launch of Vista Payments.
Vista Payments sits right in the transaction flow. It improves the experience for our clients and over
time it can become a meaningful recurring revenue stream. Importantly, our first clients are already
live with Vista Payments.
We’re also seeing opportunity in adjacent verticals, like Family Entertainment Centres, where the
operating needs look a lot like cinema ticketing, food and beverage, loyalty, and guest management.
And in many cases, it’s our existing cinema clients who are pulling us into these spaces.
Beyond that, we continue to evaluate opportunities in film distribution, data services, and other areas
where our technology and data can solve long standing industry challenges.
Across all of this, we’re staying disciplined. We’re clear on where the opportunities are, and we’re
staying focused on our core mission, then building from there.
For 2026, we expect total revenue in the range of $176 million to $182 million, representing
approximately 10–13% growth over 2025 on a constant‑currency basis. We also expect EBITDA
margin to be between 18% and 20%, an improvement from 17.2% in 2025.
Achievement of these guided outcomes is supported by key assumptions across domestic box office
performance, foreign exchange movements, and the timing of major client signings. Despite the
current geopolitical uncertainty in the Middle East, the box office is performing exceptionally well,
and currency is slightly favourable, meaning we remain on track to deliver within the guided ranges.

8 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

As we look ahead to FY26, our priorities are clear.
First: we remain focused on accelerating Vista Cloud onboarding while continuing to balance free
cash flow and margin progression. We are targeting around 2,000 cloud sites by year-end, including
a meaningful increase in sites live on Operational Excellence.
Second: we are focused on growing our market share in 2026.
Third: we will continue to embed AI across both our products and our operations, delivering tangible
value for clients, while improving our own efficiency and scalability across the business.
Finally: we will carefully scale new growth levers like Vista Payments, ensuring we invest responsibly
and in line with client demand.
And throughout all of that: we will remain laser-focused on driving shareholder returns through
revenue growth and margin expansion, consistent with our guided ranges.
From an industry perspective, the outlook is encouraging.
The 2026 film slate is stronger, with several major franchise releases scheduled, and market
forecasts point to a significantly improved box office performance relative to 2025. What we’re
seeing, from studios to exhibitors and beyond, is greater confidence in theatrical windows, better
alignment on planning, and renewed focus on delivering compelling theatrical releases. And as we
sit here today, the domestic box office has been performing extremely well up more than 15% on the
same period in 2025
To close, I want to come back to the opportunity in front of us.
It’s not often you get the chance to help transform an entire industry, particularly one that’s as
culturally significant as cinema. And we’re in a unique position to do that, as the trusted, mission
critical backbone that so much of the industry runs on.
We have strong client momentum. Our platform is becoming more central to how customers operate.
Our AI capabilities are practical and differentiated. And our team continues to execute with focus
and integrity.
On behalf of the leadership team, thank you to our people, our clients, and you, our shareholders,
for the trust you place in us.
We remain committed to executing our strategy, delivering long term value, driving shareholder
returns, and building a resilient, growing business for the years ahead.
Thank you.
ENDS

9 VISTA GROUP INTERNATIONAL LTD, SHED 12, CITY WORKS DEPOT, 90 WELLESLEY STREET WEST, AUCKLAND 1010, NZ

For further information please contact:


Stuart Dickinson
Chief Executive Officer
Vista Group International Limited
Contact: +64 9 984 4570

Matthew Thompson
Chief Financial Officer
Vista Group International Limited
Contact: +64 9 984 4570


About Vista Group
Vista Group International Limited is a global leader in providing technology solutions to the
international film industry. With brands including Vista, Veezi, Movio, Numero, Maccs, Flicks and
Powster, Vista Group’s expertise covers cinema management software; loyalty, moviegoer
engagement and marketing; film distribution software; box office reporting; creative studio solutions;
and the Flicks movie, cinema and streaming website and app.

---

Annual Shareholders'
Meeting
21 May 2026

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 website (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 performanceofVista Group,
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 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.
Unless otherwise stated, all information in this presentation is expressed at the
date of this presentation and all currency amounts are in NZ dollars.
2

Agenda
01
Introduction and Chair's AddressSusan Peterson | Chair
02
CEO AddressStuart Dickinson | Chief Executive Officer
03
ResolutionsSusan Peterson | Chair
04
General BusinessSusan Peterson | Chair
3

Chair’s Address
4

0102
03
04
Strong client demand
35% of our enterprise
client sites are now using
Vista Cloud capabilities
Maintained sharp focus
on lifting operational
efficiency
Advanced strategic
initiatives to underpin
long-term growth, with
100% Platform now
expected at the end
of 2030
Growth levers have
been added with Vista
Payments now live with
pilot clients
2025 saw an
acceleration of
Vista Group’s
strategy in a
complex macro
environment

A strong financial result with all key metrics expanding,
and a new all-time record revenue performance
$164.3mTo t a l Revenue
$164.3m
$150.0m
2025
2024
2023
$143.0m
$147.2mRecurring Revenue
2025
2024
2023
9%
$147.2m
$134.6m
$124.0m
$69.7mSaaS Revenue
2025
2024
2023
25%
$69.7m
$55.7m
$45.9m
$163.0mARR
2025
2024
2023
12%
$163.0m
$145.6m
$126.3m
$28.2mEBITDA
2025
2024
2023
31%
$28.2m
$21.6m
$2.6mProfit After Tax
2025
2024
2023
533%
10%
$27.8mOperating Cash Flow65%
$27.8m
$9.0m
2025
2024
2023
($0.6m)
($13.6m)
$13.3m
$16.8m
$2.6m
6
•ALL-TIME RECORD REVENUE RESULT:
All key metrics expanding, revenue up
10% (2024: 5%)
•ENHANCED OPERATING LEVERAGE:
Momentum continues with EBITDA margin
of 17.2% (2024: 14.4%)
•PROFITABILITY ACROSS ALL METRICS:
A return to profit after tax of $2.6m
•ELEVATED OPERATING CASH FLOW:
Operating cash grows 65% to $27.8m

Governance priorities
Relentless focus on
supporting our global
clients and people to thrive
Deliver our strategic
plan, while identifying
new growth levers
Embedding AI into product,
workflows and processes,
while maintaining
Continued evolution
of Vista Group’s
remuneration framework
Governance Roadshow
completed in April 2026

Board Succession
•Established Board succession process – which is progressing well
•Robust evaluation of candidates against the published Board Skills
Matrix and experience criteria
Susan Peterson
Independent Chair
Murray Holdaway
Non-Independent
Executive Director
Claudia Batten
Independent Director
James Miller ONZM
Independent Director
Cris Nicolli
Independent Director
8

CEO Address
9

Vista Group Promotional Video

11
11
•Record revenue: All key metrics expanding, all-time record total revenue up 10%
•Margin expansion: Improved operating leverage as cloud adoption and scale drive efficiency
•Return to profitability: Profitability across all metrics, and a return to profit after tax of $2.6m
•Strong operating cash flow: Operating cash grows 65% to $27.8m
•Strong demand for Vista Cloud: 35% of our enterprise client sites are now using the Vista
Cloud Platform
2025 is a year of record results and onboarding acceleration

Momentum across our clients and platform
•Demand for Vista Cloud
continues to grow
•Platform adoption accelerating
•70+ new and meaningful features
delivered to clients
12

More clients are signing to Vista Cloud
•Clients signed to Vista Cloud in 2025
included Odeon (309 sites in Europe),
Kinepolis (109 sites in Europe and North
America) and Village (20 sites)
•Negotiations with marquee clients are
now well progressed
•We expect to grow market share in 2026
13
44
358
724
1,300
77
325
833
700
0%
5%
10%
15%
20%
25%
30%
35%
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Dec 23Dec 24Dec 25Dec 26
Aspiration
Number of client Sites
+366 sites
added to OE
+314 sites
added to OE
~29% of existing
clients on
Operational Excellence
~45% of existing
clients on the
Vista Cloud Platform
+576 sites
added to OE
+57%
Live
31 Dec
2024
Live
31 Dec
2025
Aspiration
31 Dec
2026
Vista Cloud
(OE)
358724~1,300
Digital Solutions
(DE/ME)
325833~700
Vista Cloud
Platform (Total)
6831,557~2,000
SITE COUNT PROGRESS:
Digital Solutions
Digital Enablement
Moviegoer Engagement
Vista Cloud
Operational Excellence

Significant recent signings
•Cinépolis Mexico: largest exhibitor in Mexico
with 504 sites
•Cinépolis’ largest circuit across 18 markets
•Represents~11% of Vista Group's total
enterprise sites
•Part of the wider Regal Entertainment Group
•One of the UK’s largest cinema exhibitors
with 88 sites (950+ screens)
•Builds on cloud transition of Picturehouse's
25 sites

Powering a connected film industry
Supporting stronger film
slates and better outcomes
across cinema
Data-driven audience
understanding through
Numero and Movio
Shared view of audience
demand, film performance
and release strategy
Solutions connecting studios,
distributors and exhibitors
across one ecosystem

AI is embedded across Vista Cloud and our business operations
16
Embedded in our platform
•Built into the workflows our clients already rely on
•Enhancing operations, revenue, and guest experience
Embedded in how we operate
•Driving efficiency across engineering, onboarding, and support
•Improving speed, quality, and scale

AI inside: delivering practical outcomes for today and the future












Audience similarity
Moviegoer propensity
Moviegoer personas
Customer lifetime value
Churn
First draft












Dynamic content
AI Audience Segmentation
Oneview podcast
React summaries
Box office forecasting
Assisted scheduling








Concessions recommender
Smart pricing
Agentic commerce
Report creation
In discovery/development
17

Vista Payments is now live and scaling
•Adyen selected as our white-label payments supplier
•Now in active rollout, with multiple clients live and
transacting
•Market response is tracking above expectation, if this
continues ARR of $15m (net of processing costs) may
prove to be conservative
18

A clear roadmap of identified expansion opportunities
Ecosystem and adjacent expansion opportunities
FY25 ARR $163m
2030 Exit Rate Aspiration
ARR $315m
Platform Breadth
Time
Identified adjacencies:
•Family Entertainment Centres
•Film Distribution
*Indicative scale
Growth opportunities:
•Increased market share
•Data innovation
•New product development (power up modules)
•Enhanced payments / financial products
19

On track for FY26 guidance and aspirations
20
FY26
Guidance / Aspirations
2030 Exit Rate
Aspirations
Revenue
$176m-182m
7-11% growth on 2025, or
10-13% on a constant currency basis
EBITDA margin
18-20%
Up from 17.2% in 2025
33-37%
No change
ARR
$315m+
Includes $15m from
Vista Payments
Vista Cloud
Sites
2,000 on the Vista Cloud Platform
1,300 on Operational Excellence and
700 on Digital Solutions
Guidance and aspirations: Vista Group’s 2026 guidance is based on a number of assumptions, including box office performance, foreign
exchange, and the timing of key client signings and transitions. Guidance assumes there are no material adverse macro-economic and/or
market condition impacts, and there are no major accounting adjustments, other unforeseen circumstances, or future acquisitions or
divestments. Aspirations are not financial forecasts or guidance.
2026 TRADING UPDATE & MOMENTUM:
•2026 Revenue, EBITDA Margin and Vista
Cloud Site Count: on track, underpinned
by momentum from key client delivery
projects, a strong domestic box office,
and currency being slightly ahead of the
underlying guidance assumptions
•Middle East Conflict: no significant
impact observed to date in the box office,
or Vista Group’s financial results
2026 ASSUMPTIONS:
•Domestic box office: US$9.75b
•USD currency: US$0.60 (~$4.0m
headwind to US$0.58 in FY25)

Our priorities for 2026
21
Scaling new growth levers with discipline
Scaling levers such as Vista Payments, ensuring we invest responsibly and in line with client demand
Embedding AI deeper across products and operations
Leveraging our deeply integrated platform – systems, data, and tools working as one – to turn our data
moat and vertical AI into differentiated value for our clients
Accelerating cloud onboarding and growing market share
An aspiration to end the year with 2,000 enterprise client sites on the Vista Cloud Platform, more marquee
clients signed, and growth in market share
1
2
3
Continued revenue growth and margin expansion
Driving shareholder returns through revenue growth and margin expansion, consistent with our guided
ranges
4

Resolutions
22

Resolution 1
That the Board is authorised to fix the fees and expenses of
PricewaterhouseCoopers as auditor for the ensuing year.

Resolution 1
That the Board is authorised to fix the fees and expenses of
PricewaterhouseCoopers as auditor for the ensuing year.
Proxies and Postal Votes:
NumberPercentage
For187,492,06299.50%
Proxy Discretion944,8620.50%
Against3,3470.00%
Abstain19,812-

Resolution 2
That Murray Holdaway be re-elected as a Director of Vista Group.

Resolution 2
That Murray Holdaway be re-elected as a Director of Vista Group.
Proxies and Postal Votes:

NumberPercentage
For187,446,70799.48%
Proxy Discretion944,0620.50%
Against26,9590.01%
Abstain42,355-

Resolution 3
That Claudia Batten be re-elected as a Director of Vista Group.

Resolution 3
That Claudia Batten be re-elected as a Director of Vista Group.
Proxies and Postal Votes:

NumberPercentage
For177,419,06297.36%
Proxy Discretion948,0220.52%
Against3,859,5442.12%
Abstain6,233,455-

Resolution 4
That Stephen Mayne be appointed as a Director of Vista Group.

Resolution 4
That Stephen Mayne be appointed as a Director of Vista Group.
Proxies and Postal Votes:

NumberPercentage
For4,358,6862.31%
Proxy Discretion948,0220.50%
Against183,126,14797.18%
Abstain27,228-

Questions

Thank You
Thank You