Viad Corp Completes Sale of Non-Main Small business Device

Proceeds Deliver Extra Capability for Continued Advancement Financial commitment at Pursuit

SCOTTSDALE, Ariz., December 19, 2022–(Business enterprise WIRE)–Viad Corp (NYSE: VVI) ), a leading provider of experiential leisure journey and reside occasions and marketing activities, introduced now that it done the sale of the belongings of ON Products and services, its US-centered audio-visual services business, for around $30 million subject matter to customary performing funds adjustments.

Steve Moster, Viad’s president and chief executive officer, reported, “The sale of ON Services’ assets builds on the strategic transformational alterations that we have carried out at GES over the previous couple a long time by further more simplifying GES’ working model. With this transaction complete, GES remains perfectly-positioned to crank out meaningful free funds stream with very low cash expenditure necessities and an enhanced value structure by way of its main Exhibitions and Spiro corporations.”

Moster ongoing, “The improved harmony sheet toughness from this transaction allows us to continue on our target on scaling Pursuit with investments in higher-return unforgettable, inspiring activities by means of our Refresh, Establish, Purchase development system.”

Audio-visible products and services revenue from ON Solutions represented about 6% of full GES earnings for the nine months ended September 30, 2022. To help make certain a clean transition, GES will provide certain products and services to the new possession in the course of a changeover period.

About Viad

Viad (NYSE: VVI) is a main global provider of incredible encounters, which include hospitality and leisure things to do, experiential advertising and marketing, and stay activities through two firms: Pursuit and GES. Our company approach focuses on providing remarkable activities for our groups, customers and company, and considerable and sustainable growth and above-market place returns for our shareholders. Viad is an S&P SmallCap 600 business.

Pursuit is a assortment of inspiring and unforgettable journey encounters in Alaska, Montana, the Canadian Rockies, Vancouver, Reykjavik, and Las Vegas, as perfectly as new experiences planned in Chicago and Toronto. Pursuit’s assortment consists of points of interest, lodges and inns, and sightseeing excursions that connect company with iconic spots.

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GES is a world, comprehensive-company dwell functions enterprise giving a detailed variety of expert services to the world’s leading manufacturers and function organizers by means of two reportable segments, Spiro and GES Exhibitions. Spiro is an experiential advertising and marketing agency that associates with foremost makes all-around the planet to deal with and elevate their world wide experiential advertising and marketing actions. GES Exhibitions is a world-wide exhibition products and services organization that companions with primary exhibition and convention organizers as a entire-services supplier of strategic and logistics answers to take care of the complexity of their displays with teams throughout North The usa, Europe, and the Middle East.

For much more information and facts, take a look at www.viad.com.

Ahead-Seeking Statements

This push release includes a number of forward-on the lookout statements. Phrases, and variants of text, such as “will,” “may perhaps,” “count on,” “would,” “could,” “could,” “intend,” “prepare,” “imagine,” “estimate,” “foresee,” “provide,” “request,” “intention,” “possible,” “focus on,” “outlook,” and similar expressions are meant to establish our forward-looking statements. Likewise, statements that describe our business enterprise method, outlook, targets, programs, intentions, or plans also are ahead-searching statements. These ahead-wanting statements are not historic information and are matter to a host of pitfalls and uncertainties, many of which are past our control, which could cause real effects to differ materially from these in the forward-searching statements.

Significant variables that could bring about real results to differ materially from those explained in our forward-searching statements involve, but are not minimal to, the adhering to:

• typical economic uncertainty in important world-wide marketplaces and a worsening of world economic conditions

• vacation business disruptions

• seasonality of our organizations

• the influence of the COVID-19 pandemic on our monetary affliction, liquidity, and hard cash stream

• our means to foresee and regulate for the influence of the COVID-19 pandemic on our organizations

• unanticipated delays and charge overruns of our funds tasks, and our means to obtain set up economical and strategic objectives for these types of assignments

• our publicity to labor shortages, turnover, and labor charge raises

• the importance of important customers of our account teams to our enterprise relationships

• the competitive mother nature of the industries in which we run

• our dependence on huge exhibition party clientele

• adverse results of show rotation on our periodic success and functioning margins

• transportation disruptions and improves in transportation charges

• pure disasters, climate disorders, mishaps, and other catastrophic occasions

• our exposure to labor charge increases and perform stoppages connected to unionized staff

• our multi-employer pension strategy funding obligations

• our potential to properly integrate and accomplish set up economical and strategic ambitions from acquisitions

• our exposure to cybersecurity assaults and threats

• our publicity to currency trade fee fluctuations

• liabilities relating to prior and discontinued functions and

• compliance with guidelines governing the storage, collection, managing, and transfer of particular details and our publicity to legal promises and fines for knowledge breaches or incorrect managing of these types of information.

For a extra full dialogue of the dangers and uncertainties that could influence our enterprise or economic benefits, remember to see Item 1A, “Chance Components,” of our most the latest once-a-year report on Sort 10-K submitted with the SEC. We disclaim and do not undertake any obligation to update or revise any forward-hunting assertion in this press launch other than as expected by applicable legislation or regulation.

Perspective supply edition on businesswire.com: https://www.businesswire.com/news/property/20221219005248/en/

Contacts

Carrie Lengthy or Michelle Porhola
Investor Relations
(602) 207-2681
[email protected]