Post on 28-Feb-2020
1st Quarter 2015 Investor’s Briefing Financial and Operating Results
May 7, 2015
ABS-CBN Investor Presentation 1
4,080 4,136
4,111 4,255
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
1Q'14 1Q'15
Ad Revenues Consumer Sales
ABS-CBN Investor Presentation 2
Revenues - Reported
8,191 8,391 2.4%
3.5%
1.4%
For the period ended March 31, 2015
2,331 2,334
2,345 2,639
2,740 2,648
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
1Q'14 1Q'15
3.4%
Costs and Expenses
ABS-CBN Investor Presentation 3
For the period ended March 31, 2015
Production
Costs
Cost of Sales
& Services
GAEX 0.1%
Production costs down 3.4%
12.5%
7,416 7,621 2.8%
Financial Summary
ABS-CBN Investor Presentation 4
Net Revenues
In PHP Millions
For the period ended March 31, 2015
538 569
0
100
200
300
400
500
600
700
800
900
1,000
1Q'14 1Q'15
EBITDA Net Income
1,764 1,823
0
500
1,000
1,500
2,000
2,500
3,000
1Q'14 1Q'15
2.4%
3.3% 5.8%
8,191 8,391
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1Q'14 1Q'15
Business Segments - Reported
ABS-CBN Investor Presentation 5
In Php Millions Revenues EBITDA Net Income
1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch
A. TV and Studio 6,130 6,287 -2.5% 1,659 1,565 6.0% 902 720 25.3%
Margins 27.1% 24.9% 14.7% 11.5%
B. Pay TV Networks 1,960 1,838 6.6% 411 415 -1.0% 17 41 -58.5%
Margins 21.0% 22.6% 0.9% 2.2%
C. New Businesses 442 105 321.0% -247 -216 -14.4% -350 -223 57.0%
D. Eliminations -141 -39
TOTAL 8,391 8,191 2.4% 1,823 1,764 3.3% 569 538 5.8%
Margins 21.7% 21.5% 6.8% 6.6%
*** Numbers presented are net of ABS-CBNmobile TVCs.
For the period ended March 31, 2015
Our TV and Studio business has continued to strengthen…
TV and Studio - Broadcast
ABS-CBN Investor Presentation 6
In PHP Millions
Broadcast revenues increased by 1.8% fuelled by ABS-CBN’s continued leadership in audience shares and ratings. For primetime, Ch2 continues to lead in audience share receiving
49% share nationwide. With the company’s continuous cost reduction initiatives, production costs declined by 1.4%.
3,997 4,067
1Q'14 1Q'15
Net Revenues
2,744 2,706
1Q'14 1Q'15
Direct Costs
1.4% 1.8%
1st Quarter Highlights
* Net of ABS-CBNmobile TVCs
New Concept: Musical competition that transforms
celebrities to be able impersonate musical icons.
TV and Studio - Broadcast
ABS-CBN Investor Presentation 7
1st Quarter 2015 Top 10 Programs
Rank Channel Program Share
1 ABS-CBN DREAM DAD 29.4 Weekday
2 ABS-CBN FOREVERMORE 28.2 Weekday
3 ABS-CBN YOUR FACE SOUNDS FAMILIAR SUNDAY
27.5 Weekend
4 ABS-CBN MMK ANG TAHANAN MO 27.1 Weekend
5 ABS-CBN YOUR FACE SOUNDS FAMILIAR SATURDAY
26.1 Weekend
6 ABS-CBN TV PATROL WEEKDAY 25.2 Weekday
7 ABS-CBN THE VOICE OF THE PHILIPPINES SUNDAY
23.7 Weekend
8 ABS-CBN RATED K HANDA NA BA KAYO?
23.5 Weekend
9 ABS-CBN
ANG TINIG NATIN THE ULTIMATE KAPAMILYA SONG HITS
23.0 Weekend
10 ABS-CBN Bridges of Love 22.9 Weekday
Source: Kantar Media, January – March 2015
CHANNELS TOTAL DAY PRIMETIME
Total PH
Mega Metro Total
PH Mega Metro
ABS-CBN 2 42 31 33 49 34 37
GMA 7 35 40 35 32 40 35
TV 5 9 12 10 8 10 10
Others 14 18 23 11 17 20
1st Quarter 2015 Audience Share
TV and Studio - Global
ABS-CBN Investor Presentation 8
1,515 1,311
1Q'14 1Q'15
Net Revenues
Global Viewership
890 773
1Q'14 1Q'15
Cost of Sales and Services Global’s subscription business continues to grow, increasing by 2% versus last year. Overall viewership count increased by 3%. We continue to experience a double-digit subscriber growth in Canada, and single-digit growth in other territories.
2,522
2,786 2,844
2,990
2012 2013 2014 1Q'15
In PHP Millions
13.5%
13.1%
Movies Distributed for the 1st Quarter
1Q’14 1Q’15
Girl Boy Bakla Tomboy Praybeyt Benjamin 2
Bride for Rent Feng Shui
Starting Over Again Crazy Beautiful You
297 187
1Q'14 1Q'15
Costs of Sales and Services
ABS-CBN Investor Presentation 9
For the 1st quarter of 2015, the group released 4 movies and distributed Cinema One’s highly acclaimed movie That Thing Called Tadhana. The group was able to maintain its margin as it continues to be aware of the company’s cost management initiatives.
TV and Studio - Films and Music
In PHP Millions
37.0%
30.0%
660
462
1Q'14 1Q'15
Net Revenues
1Q’14 1Q’15
Girl Boy Bakla Tomboy Praybeyt Benjamin 2
Pagpag Feng Shui
Bride for Rent Crazy Beautiful You
Starting Over Again Halik sa Hangin
* Sa Ngalan ng Ama * That Thing Called Tadhana
1st Quarter Releases
* Distribution only.
TV and Studio - Narrowcast and Sports
ABS-CBN Investor Presentation 10
234 299
1Q'14 1Q'15
Net Revenues
27.8%
In PHP Millions
The release of Cinema One’s original movie “That Thing Called Tadhana” in the mainstream cinemas fuelled the growth for the group with more that Php1 00M in box office sales. Our publishing arm’s venture into consumer books further drove the revenues with successful releases such as “Stupid is Forever” and “Dear Alex”.
149 165
1Q'14 1Q'15
Direct Costs
10.7%
“Stupid is Forever” broke sales records with over 150,000 copies sold in eight
weeks from its launch
Pay TV Networks - SkyCable
ABS-CBN Investor Presentation 11
In PHP Millions
1,838 1,960
1Q'14 1Q'15
Net Revenues Total revenues grew by Php 122M driven by a 5% increase in cable revenues and 34% increase in broadband revenues. Our broadband subscriber base continues to expand, growing by 28% in 2015.
6.6%
1,229 1,343
1Q'14 1Q'15
Costs and Expenses
858 873
1Q'14 1Q'15
9.3%
Over 40 HD channels currently being offered
1st Qtr Cable and Broadband Subscribers
Cable + Broadband
• Launched February 2015.
• More than 300,000 boxes to date.
• Target: 1M boxes by year-end.
• We aim to put up 5 more transmitters in the
Vis Min Area by end of this year.
Digital Terrestrial TV (DTT)
ABS-CBN Investor Presentation 12
- Viewing clarity
- New channels
- No monthly fee
TRANSFORMATIVE
EXPERIENCE FOR THE FAMILY
ABS-CBN Investor Presentation 13
1,581 1,481
1,237
42 40 41
-
20
40
60
80
100
-
400
800
1,200
1,600
2,000
Jan Feb Mar
EOP ARPUIn
Th
ou
san
ds
Capital Expenditures
ABS-CBN Investor Presentation 14
In P
HP
Mill
ion
s
Spent Php 1.5B out of the Php 8.5 budget for 2015
150
885 420
1,062
2,264 3,675
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Program Rights Pay TV and Digital Initiative Maintenance and Others
1Q'15 Remaining Balance
1,212
3,149
4,095
Balance Sheet Highlights
ABS-CBN Investor Presentation 15
Ratios 2014 1Q’15
Current 2.1 1.9
Debt-to-Equity 0.8 0.8
Net Debt-to-Equity 0.3 0.3
In PHP Millions
67,237 68,126
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2014 1Q'15
Total Assets
20,325 20,308
0
5,000
10,000
15,000
20,000
25,000
30,000
2014 1Q'15
Total Borrowings
26,875 26,512
0
5,000
10,000
15,000
20,000
25,000
30,000
2014 1Q'15
Equity
13,238 12,675
0
4,000
8,000
12,000
16,000
20,000
2014 1Q'15
Cash
Except for historical and operating data and other information of historical matters, the statements contained herein are “forward-looking statements”. The words “believe”, “intend”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words are frequently used to indicate these forward looking statements. Any such forward-looking statement is not a guarantee of future performance and involves a number of known and unknown risks, uncertainties and other factors that could cause the actual performance, financial condition or results of operation of ABS-CBN to be materially different from any future performance, financial condition or results of operation implied by such forward-looking statement.
ABS-CBN Investor Presentation 16
THE END
ABS-CBN Investor Presentation 17