Vista Group International (VGL) Investor presentation summary

Strategic positioning and market share

• Holds 46% global market share of enterprise cinemas outside Russia, China, and India, with clients in over 80 countries and four of the top five territories live on Vista Cloud.

• Provides mission-critical commerce and operations infrastructure for the cinema and film industry, spanning from film studios to moviegoers.

• Competitive advantage built on client embeddedness, high trust, dominant market position, data/network effects, integrations, regulatory barriers, vertical expertise, and outcome-based pricing.

Cloud platform transformation and operational progress

• Transitioning enterprise clients to Vista Cloud, targeting 2,000 sites live by end of 2026, with 1,300 on Operational Excellence and 700 on Digital Solutions.

• 35% of enterprise client sites are now on Vista Cloud, with accelerated delivery to Operational Excellence to maximize revenue growth.

• SaaS platform transformation driving a 13% revenue CAGR, with 2026 revenue guidance of $176–182m and EBITDA margin of 18–20%.

Financial performance and guidance

• Underlying free cash flow currently ~$19m, targeted to reach ~$75m by 2030, representing a 300% uplift.

• 2030 aspirations include doubling ARR to $315m+ and EBITDA margin to 33–37%.

• 2026 guidance assumes a domestic box office of US$9.75b and USD/NZD rate of 0.60.