Vista announces a record first quarter 2023 and execution of strategic milestones

Vista

Record Q1 2023

  • Over 50% year-on-year growth in annual Program subscription hours sold demonstrating continued demand for VistaJet’s market-leading product.
  • Successfully executed on its refinancing strategy for the year with a new $500m 5-year Senior Unsecured bond — two times oversubscribed.
  • Positive views of Vista’s financial status reinforced by all credit rating agencies.
  • Fleet refurbishment on track with now over 200 aircraft in Members’ fleet inclusive of Vista interior silver and red standards.

Dubai, May 15, 2023Vista Global Holding (Vista), the world’s leading global private aviation group, provides an update on Q1 2023, with high double-digit growth and strong sales momentum in 2022 continuing to prevail through 2023.

The Group has delivered a record first quarter, with high double-digit revenue growth, continued EBITDA margin expansions and continued strong growth momentum for Vista’s subscription solutions and services. Record results are underpinned by Program sales, with approximately 9,000 gross annual hours sold in the quarter, up 55% year-on-year. Growth was led by the U.S. following significant investment made, and Program annual hours sold in the quarter doubled relative to the same quarter last year. Strong growth was also witnessed in the Middle East which was up nearly 50% year-on-year, and was the second strongest region for new clients in the quarter. Globally over 50% of hours sold in Q1 2023 were to existing clients, particularly in Europe and Asia, demonstrating the strength and proven endurance of this product.

The growth is sustained by the added capabilities from its 2022 acquisition strategy, which includes full Vista aircraft and service upgrades to harmonize its premium brand positioning across the world. Year to date, now over 200 aircraft are inclusive of silver and red interior standards and VistaJet products. With fleet expansion and upgrades, Vista achieved record revenue with another quarter of double-digit growth and further EBITDA margin expansion.

On May 1, 2023, the Group successfully executed on its refinancing strategy for the year with a new $500m 5-year Senior Unsecured bond. The two times oversubscribed offer attracted overwhelming interest from leading institutional investors and pension funds. This solidifies the positive views from all of Vista groups’ credit ratings agencies, including S&P, Fitch and Moody’s, which affirmed or upgraded their positions following the Group’s 2022 financial audit released in April.

Thomas Flohr, Vista’s Founder and Chairman said: As a Group we have delivered a very strong Q1 performance and continued to build on the great momentum of 2022. Across all markets we continue to see unprecedented levels of demand from existing and new Members, with many more hours being sold to existing Members as well as a large number of new clients asking to join Vista, reflecting the enduring demand of the subscription model across our customer base.

Our Members recognize that we provide the best value and end-to-end experience in the industry. Our asset freetechnology-driven solutions meet the need of every private aviation user, and we are fully committed to innovating and advancing our flying solutions across every corner of the globe. Today, we offer more aircraft with our iconic silver and red quality than ever before, and I am pleased with the progress we have made on integrating now one year on.

Vista has a proven 19-year track record of growth and a prudent financial policy which has enabled the Group to build our global infrastructure to support all our valued Members around the world.

Notes to Editors
Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Group’s financial results or positions as of or for the Q1 2023, and have not been audited, reviewed, or compiled by an independent registered accounting firm. Thus, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Group’s closing and audit processes. The Group assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

About Vista
Vista Global Holding’s (Vista) subsidiaries provide worldwide business flight services. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering asset free services to cover all key aspects of business aviation: guaranteed and on demand global flight coverage; subscription and membership solutions; trading and management services; and cutting-edge mobility technology. The Group’s mission is to lead the change to provide clients with the most advanced flying services at the very best value, anytime, anywhere around the world. Vista’s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients, through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights.
More Vista information and news at www.vistaglobal.com

Contacts
press@vistaglobal.com

Vista Global Holding Limited (“Vista”) does not own or operate any aircraft. All flights are performed by FAA-licensed/DOT-registered EASA or U.S. certified Vista group direct air carriers and/or partner operators. Vista holds non-controlling minority stakes in XOJET Aviation, GMJ Air Shuttle, JetSelect, Western Air Charter, Red Wing Aviation and Talon Air.

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Philips Foundation 2022 Annual Report: partnering to provide healthcare access to over 26 million people in underserved communities

May 15, 2023

  • Across East Africa, India and Latin America, Philips Foundation’s social impact investment vehicle supported eight health technology enterprises
  • Through its Knowledge Hub, Philips Foundation shares expertise and insights on delivering improved healthcare services to remote and resource-limited settings
  • In close collaboration with Philips, Philips Foundation and its partners continue to support the people of Ukraine affected by the war

Amsterdam, the Netherlands – Philips Foundation, with its mission to provide access to quality healthcare for 100 million people a year by 2030, today announced the publication of its 2022 Annual Report. Philips Foundation and its partners provided quality healthcare access to over 26 million people in underserved communities in 2022.

The consolidated report of Philips Foundation and its social impact investment vehicle, Philips Foundation Impact Investments B.V., highlights 21 ongoing and new projects in partnership with NGOs, government entities, universities and social enterprises. In 2022, 18 new initiatives were managed, deploying Philips’ expertise in healthcare technology, including initiatives supporting the people of Ukraine.

“Our work to enable long-term, sustainable system change in healthcare provision for underserved communities, as well as providing support in crisis situations, has never been more relevant,” said Ronald de Jong, Chairman of the Philips Foundation. “The efforts of Philips Foundation and Philips Foundation Impact Investments B.V., together with our partners, have helped provide 26.6 million people with access to healthcare, an increase of 50% compared to 2021.”

Philips Foundation employs technology-driven solutions, empowers local healthcare workers, and endorses healthcare delivery models that demonstrate scalability, financial sustainability, and affordability. The foundation contributes to good health for all, by addressing the rise of non-communicable diseases (NCDs) such as cancer and cardiovascular diseases; improving mother and child care; and accelerating access to acute and emergency care through timely medical support, as well as disaster relief in times of crisis. Examples include:

  • Addressing the rise of NCDs  With more than 75% of the world’s NCD-related fatalities occurring in low-and-middle-income countries [1], their impact in these regions is immense. With a strong focus on cardiovascular disease, in partnership with Heart Healers International, Philips Foundation helped screen more than 100,000 children in Uganda for rheumatic heart disease, a condition that is easily treated and diagnosed but can lead to death in underserved young populations if not detected and addressed in a timely manner [2].
  • Improving mother and child care – 94% of all maternal deaths occur in low- and lower-middle-income countries [3]. In 2022, Philips Foundation embarked on a partnership with RAD-AID to promote access to diagnostic ultrasound services, aiming to provide essential prenatal care to pregnant women in ten countries on three continents.
  • Accelerating effective acute and emergency care – Ensuring timely care for acutely ill and injured patients is considered one of the health interventions that can significantly reduce mortality rates and lower healthcare costs in low- and middle-income countries [4]. In Colombia, Philips Foundation joined forces with Global Neuro to develop scalable training models for diagnosing and monitoring traumatic brain injuries, which are among the primary causes of death in Latin America [5].

Philips Foundation Impact Investments B.V.
Set up in late 2021, Philips Foundation’s social impact investment vehicle, Philips Foundation Impact Investments B.V., has employed a comprehensive strategy to evaluate the possible scalability of health technology enterprises through investment, and by examining their overall preparedness to create significant change within the healthcare systems they serve. During 2022 it provided early-stage investment to eight social enterprises spread across East Africa, India and Latin America. These investments, supported by Philips’ health technology expertise, enabled the enterprises to accelerate their potential to provide sustained access to healthcare for underserved communities.

“Entrepreneurs working on providing healthcare services for underserved communities embody the essence of our commitment, driven by a mission to help bridge the vast inequality in healthcare access worldwide,” said Margot Cooijmans, Director of Philips Foundation and Philips Foundation Impact Investments B.V. “In the face of adversity and limited resources, they are leveraging digital technologies, performing early screening and testing, providing basic treatment or timely referral, and driving healthcare innovation for underserved populations.”

Generating insights and inspiring others to act
Over eight years, Philips Foundation has amassed extensive experience and insight into the effective strategies, technologies, and services for medically underserved communities, where individuals frequently lack insurance and have limited income. To share its expertise and foster collaboration, Philips Foundation established a Knowledge Hub, which offers a repository of learnings and ideas from current and past projects, reports, publications, and other project resources. In 2022, 16 projects were made publicly accessible, featuring healthcare delivery models designed to assist those seeking to offer healthcare services in under-resourced, remote, and underserved areas around the globe.

The report also reflects on the challenges and hardships faced by the people of Ukraine and the human suffering leading to the urgent need for medical assistance in 2022. Philips Foundation, in collaboration with Philips, continues to support the people of Ukraine with its partners on the ground.

[1] WHO (2022). Non-communicable diseases
[2] World Heart Federation (2022). Rheumatic heart disease (RHD)
[3] WHO (2023). Maternal mortality
[4] WHO (2023). Advocating for emergency care: a guide for non-governmental organizations
[5] Brain Injury Association (2022). Traumatic brain injury in Latin America

For further information, please contact:

Yannick Eshuijs
Philips Foundation
Tel.: +31 6 1852 6633
E-mail: yannick.eshuijs@philips.com

About Philips Foundation

Philips Foundation is a registered non-profit organization established in 2014 – with a mission to provide access to quality healthcare for underserved communities across the globe. By leveraging Philips’ capabilities and combining them with the experience and expertise of non-governmental organizations and other community-focused and impact-driven enterprises, Philips Foundation helps create innovative pathways to open up affordable healthcare for communities most in need. By also partnering with innovative social entrepreneurs rooted in the local ecosystem, Philips Foundation aims to increase access to healthcare for 100 million people a year by 2030. More information can be found at www.philips-foundation.com

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Duck Creek Technologies Recognizes Argyle Insurance and Coforge with its Standard of Excellence Award

The delivery of a record-breaking, full end-to-end small and medium-sized enterprises commercial line in under 60 days for Argyle Insurance was enabled by remarkable teamwork and technology

Boston, May 15, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is pleased to recognize Argyle Insurance and Coforge as winners of this year’s Duck Creek Standard of Excellence Award. Team members from Argyle Insurance and Coforge received the award during Formation ’23 in Orlando, Florida, which was earned for achieving the highest level of excellence through the implementation of Duck Creek solutions.

Argyle Insurance achieved a successful, sub-60-day go-live of Duck Creek Policy, Duck Creek Billing and Duck Creek Rating. The swift implementation was enabled by the deep domain expertise of Duck Creek’s team, combined with a skilled partner in Coforge being able to resource and support delivery end-to-end. Argyle Insurance selected Duck Creek’s full suite to enable their small and medium-sized enterprises (SME) broker clients more choices and competition through a wider range of insurers and products. Argyle’s story of a scalable, enterprise-grade system, which allowed rapid design and delivery of products into the market, demonstrated the impressive power and flexibility of the Duck Creek platform. The sub-60-day execution was achieved using an innovative Australian SME template built by the Duck Creek APAC regional product development team and made available on our content exchange.

“I am proud to say the unparalleled teamwork between Argyle Insurance, Duck Creek and Coforge enabled us to stand up a full end-to-end product with Duck Creek’s policy, billing and rating solutions in under 60 days,” said Matt Morgan, Co-Founder and Chief Operating Officer at Argyle Insurance. “This capability is critical for both start-ups like Argyle Insurance and incumbents to adjust and adapt to the rapid changes happening across the insurance landscape driven by regulatory changes and customer market dynamics, which can have a big impact on insurer success.”

“As a Premier Delivery Partner for Duck Creek Technologies, with 800+ Duck Creek SME’s globally, Coforge is proud to be a part of Argyle’s record-setting go-live journey. This partnership between Coforge, Argyle and Duck Creek Technologies is an outstanding case of seamless collaboration and has set a new benchmark in the industry,” said Rajeev Batra, EVP, Insurance, Coforge.

“Right from the beginning, to achieve the goal of going live in such an accelerated timeline meant remarkable teamwork was going to be critical,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “All parties were hyper-focused on Argyle’s success during implementation and committed to helping the startup achieve its goals of partnering with brokers to build products that can capture profitable, large market share in a mature, stable market with the agility the Duck Creek platform provides. We focus on driving better, easier-to-understand insurance products tailored to policyholders’ needs and adaptable to their changing priorities.”

About Argyle Insurance
Argyle Insurance is a true digital underwriting agency with technology to meet customers changing insurance requirements. Argyle’s strength comes through innovation. It has delivered a new way to connect customers to their brokers digitally that comes with a suite of tools to interact in more meaningful ways.

About Coforge
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com

About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1 201 962 6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8839514

Wurl Launches ContentDiscovery to Help Streamers and Content Publishers Attract, Engage, and Retain Viewers at Massive Scale

The machine learning-powered advertising platform brings data-driven targeting and measurement to streaming advertising for the first time

PALO ALTO, Calif., May 15, 2023 (GLOBE NEWSWIRE) — Today, Wurl, the leader in data-driven solutions for CTV, is excited to introduce ContentDiscovery – a machine learning-powered advertising platform for streamers and content publishers to acquire viewers and scale profitably across channels. ContentDiscovery finds high-value viewers where they spend their time by promoting content they will want to watch across streaming apps and on mobile devices. This drives strong conversion rates, high engagement, and increased retention – resulting in return on advertising spend (ROAS) never before seen on CTV.

ContentDiscovery’s launch comes as an unprecedented number of streaming apps and channels have entered the market, making it increasingly difficult for streamers and publishers to attract new viewers. This, coupled with the introduction of new subscriptions and free services, has increased both competition for viewing and the likelihood of consumers canceling services to switch to others.

“The streaming industry’s number-one challenge today is cost-effective discovery – finding the right viewers, engaging them effectively, and retaining them with content they will truly like,” said Ron Gutman, CEO, Wurl. “With ContentDiscovery, we’ve built a solution for streamers and publishers to spend their advertising budgets on high-value users who will actually convert and continue to engage with their content.”

With ContentDiscovery, streamers and content publishers can:

  • Target high-value users that are likely to have an affinity for a particular show.
  • Scale profitably with campaigns optimized for yield or down-funnel metric performance.
  • Test specific ad concepts and automatically tune messages for optimal impact.
  • Track ROAS immediately with 100% measurable campaigns.
  • Connect people to content at scale with the ability to advertise across massive mobile supply and more than 3,000 CTV channels. ContentDiscovery helps you attract, engage, and retain viewers at a massive scale.

The launch of ContentDiscovery comes just one year since AppLovin, a leading marketing platform, acquired Wurl in April 2022. With ContentDiscovery, Wurl has taken the same approach to innovation that AppLovin brought to performance marketing on mobile and expanded it to CTV, leveraging machine learning technology to deliver more high-value viewers and enable streamers and publishers to achieve greater returns.

ContentDiscovery is available now in North America, and launching soon in Europe. Click here to learn more, and get in touch.

About Wurl
Wurl leads the CTV industry in helping content companies, streamers, and advertisers reach millions of consumers worldwide. Our market-leading platform enables them to maximize revenues, expand into global markets, and grow their audiences. Wurl is owned by AppLovin, and is headquartered in Palo Alto, California. For more information, visit www.wurl.com, and follow us on Linkedin, Twitter, and Facebook.

Media Contact
Tori Owens
pr@wurl.com

GlobeNewswire Distribution ID 8837929

PattieSwap Announces the Pre-sale of $PATTIE Token on Binance Smart Chain

$PATTIE token will serve as PattieSwap’s utility token

MONCTON, New Brunswick, May 15, 2023 (GLOBE NEWSWIRE) — PattieSwap Dex, a pioneer in Binance-based cryptocurrency launches, is excited to announce the upcoming presale of $PATTIE, its very own utility token. As Binance continues to dominate the DeFi space with its fast transaction speeds and low fees, PattieSwap DEX brings everything users to love about Binance to the PattieSwap network.

“We’re thrilled to be soon launching our utility token on Binance Smart Chain,” said a spokesperson for PattieSwap DEX. “We’re creating an all-in-one ecosystem for PattieSwap token launches, and we believe our platform will enable users to unlock the potential of low-cap tokens. Our launchpad is perfect for degens looking to explore new opportunities in the DeFi space.”

PattieSwap DEX’s all-in-one ecosystem for Pattie token launches will enable users to mint Pattie tokens, create a launchpad, lock liquidity, list on DEXes, send airdrops, undergo KYC and audits. PattieSwap’s launchpad will be perfect for degens looking to explore the possibilities of low-cap tokens with high potential for returns.

With PattieSwap, creating Pattie tokens takes only a few minutes, allowing users to get started quickly. The launchpad enables users to raise initial liquidity and start trading. The platform’s price tool, Bscscan, tracks tokens and offers traders real-time price action, recent trades, trading volume, charts, technical analysis, and swap tokens.

PattieSwap’s $PATTIE token is the utility token of the ecosystem, and users will need it to pay for service fees such as token minting, running an airdrop, and creating a launchpad. As the presale commences, users can purchase $PATTIE tokens at an exclusive discount rate.

Developers at PattieSwap have put in measures to protect traders from rug pulls by locking liquidity on the launchpad. Tokens that are sold during the presale will be automatically listed on Binance Smart Chain. Users can also easily send token airdrops to thousands of addresses within minutes using the airdrop dAPP.

PattieSwap’s presale of the $PATTIE token is set to open on Its launchpad. To participate in the presale, users will need to connect their Metamask wallet to the platform and purchase tokens.

The upcoming launch of PattieSwap’s $PATTIE presale demonstrates the company’s commitment to providing an innovative, all-in-one ecosystem for Binance-based cryptocurrency launches aimed at providing users with a seamless experience and unlocking the potential of low-cap tokens.

As the presale commences, users can stay updated with the latest developments at: https://pattieswap.finance and by following the project on Twitter(@Pattieswap) and Telegram(@pattieswap) accounts.

About the Company:

PattieSwap is a Binance-based cryptocurrency platform that provides an all-in-one ecosystem for PattieSwap token launches. With PattieSwap DEX, users can mint PATTIE-PL tokens, create launchpads, lock liquidity, list on DEXes, send airdrops, and undergo KYC and audits. PattieSwap’s $PATTIE token is the utility token of the ecosystem and can be used to pay service fees. For more information, please visit https://pattieswap.finance

Media contact:
506-386-4554

GlobeNewswire Distribution ID 8838842