ABS: Investor briefing presentation materials

8/19/2019 ABS: Investor briefing presentation materials

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Full Year 2015 Investor’s Briefing

Financial and Operating Results

March 18, 2016

ABS-CBN Investor Presentation1


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ABS-CBN Investor Presentation

14,664

17,013

18,880

21,265

0

8,000

16,000

24,000

32,000

40,000

2014 2015

Ad Revenues Consumer Sales

2

Revenues

33,544

38,278 14.1%

12.6%

16.0%

56%

44%

56%

44%

I n P H P M i l l i o n s


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Costs and Expenses


10,114 11,778

9,248

11,474

11,008

11,434

0

8,000

16,000

24,000

32,000

40,000

48,000

2014 2015

Production

Costs

Cost of Sales

& Services

GAEX 16.4%

24.1%

I n P H P M i l l i o n s

30,370

34,686 14.2%

3.9%


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2,0302,545

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2014 2015

7,4767,940

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2014 2015

Financial Summary


33,54438,278

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

2014 2015

Net Revenues

In PHP Millions

EBITDA Net Income

14.1%6.2%

25.4%


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2,387

2,932

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2014 2015

Financial Summary


In PHP Millions

22.8%

Net Income Attributable to Parent


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Business Segments - Reported


* Numbers presented are net of ABS-CBNmobile TVCs.

TV and Studio remain strong with margins improving from 11.6% to

13.9%.

2015 2014 % Ch 2015 2014 % Ch 2015 2014 % Ch

A. TV and Studio 28,188 25,370 11.1% 7,315 6,350 15.2% 3,910 2,950 32.5%

Margins 25.9% 25.0% 13.9% 11.6%

B. Pay TV Networks 8,083 7,764 4.1% 1,641 1,856 -11.6% 23 272 -91.5%

Margins 20.3% 23.9% 0.3% 3.5%

C. New Business 2,007 410 389.6% -1,017 -730 -39.3% -1,388 -1,192 -16.5%

TOTAL 38,278 33,544 14.1% 7,939 7,476 6.2% 2,545 2,030 25.4%

Margins (net of DTT Sales) 21.5% 22.3% 6.9% 6.1%

In Php MillionsRevenues EBITDA Net Income


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17,09219,675

2014 2015

Net Revenues

TV and Studio – Free-to-Air


In PHP Millions

15.1%

*Net of ABS-CBNmobile TVCs

4Q 2015Programs

Broadcast revenues increased

by 15.1% fuelled by ABS-CBN’s

continued leadership in

audience shares and ratings.

Produced 10% more

programming hours versus last

year.

7,692 7,878

2014 2015

Production Costs

2.4%


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Audience Share


Source: Kantar Media TV Measurement, Jan to Dec 2015

41.5

28.832.638.0

45.3

38.5

6.6 7.1 6.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Total PH Mega Manila Metro

ABS-CBN 2

GMA 7

TV 5

48.6

35.240.2

32.9

41.5

35.0

5.9 6.7 6.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Total PH Mega Manila Metro

ABS-CBN 2

GMA 7

TV 5

T o t a l D a y

P r i m

e t i m e

ABS-CBN continues to

be the clear leader in

audience shares and

ratings as morePhilippine households

tuned in to ABS-CBN

during primetime.


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Ratings


Source: Kantar Media TV Measurement, Jan to Dec 2015

Strong primetime

programs widened the

gap in ratings.

Ratings

Total Day Primetime

2014 2015 2014 2015

ABS-CBN 2 13.0 14.5 19.1 21.7

GMA 7 10.0 11.9 13.2 13.6

TV 5 2.7 2.5 2.6 3.1

Others 4.0 4.8 4.2 5.6

RatingsTotal Day Primetime

2014 2015 2014 2015

ABS-CBN 2 11.9 12.8 18.3 19.9

GMA 7 12.5 13.8 17.7 16.8

TV 5 3.8 2.8 3.9 3.7

Others 8.2 9.4 9.1 10.7

RatingsTotal Day Primetime

2014 2015 2014 2015

ABS-CBN 2 10.8 11.7 15.7 17.9

GMA 7 14.0 16.3 19.8 19.6

TV 5 4.0 3.2 4.1 4.2

Others 6.4 7.5 7.1 8.7

Total Philippines (Urban + Rural)

Metro Manila Mega Manila


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Top Programs – ALL GENRES


Rank Channel Program Share

1 ABS-CBN THE VOICE KIDS SUNDAY 42.7 Weekend

2 ABS-CBN THE VOICE KIDS SATURDAY 40.8 Weekend

3 ABS-CBN FPJ'S ANG PROBINSYANO 39.6 Weekday

4 ABS-CBN NATHANIEL 34.6 Weekday

5 ABS-CBN PANGAKO SA'YO 33.8 Weekday

6 ABS-CBNBOSES NG BULILIT MULING

BIBIRIT

32.8 Weekend

7 ABS-CBN DANCE KIDS SATURDAY 31.6 Weekend

8 ABS-CBN DANCE KIDS SUNDAY 31.0 Weekend

9 ABS-CBN MMK ANG TAHANAN MO 30.7 Weekend

10 ABS-CBN DREAM DAD 29.9 Weekday

Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jan to Dec 2015


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TV and Studio – Global


Global Viewership

5,651 5,976

2014 2015

Net Revenues

ASAP Live in London drew

10,000 to the

SSE Wembley Arena

In PHP Millions

2,5222,786 2,844

3,085

2012 2013 2014 2015

5.7%

Highest-grossing movie

released overseas

Launched English-subtitled

programs on TFC to engage non-

Filipino speaking audiences.

With MYX TV, Global is committedto entertain millennials in fun,

enjoyable and interesting ways

with the launch of an Asian

American reality show “I'm Asian

American and ...” .

Initiatives

3,3993,682

2014 2015

Cost of Sales and Services

8.3%


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1,161 1,282

2014 2015

Net Revenues


TV and Studio - Films and Music

In PHP Millions

4Q’14 4Q’15

The Trial Everyday I Love You

Past Tense A Second Chance

Hari ng Tondo

Beauty in a Bottle

Branded entertainment

TV rights

Retail Sales

Global and Sky pay-per-view

Digital sales

International syndication

Non-theatrical revenues

increased by 14%10.5%

454 468

2014 2015

Costs of Sales and Services

3.1%

Strong 4th Quarter 2015 releases generating

more than Php 600M in theatrical sales


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Pay TV Networks - SkyCable

7,764 8,083

2014 2015

Net Revenues


In PHP Millions

4.1% 7.3%

SKY broadband revenues grew

30% in 2015.

DTH License released last December 2015

o will expand reach around the country.

o to roll-out its DTH service within the year

99

143

-

20

40

60

80

100

120

140

160

180

2014 2015

T h o u s a n d s

Broadband Subscribers

7,360 7,898

2014 2015

Costs and Expenses


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• More than 1 milion boxes sold to

date.

• Plans for 4 more transmitters in the

Vis Min Area over the next six

months.

Digital Terrestrial TV (DTT)


COVERAGE AREA

Benguet

Pangasinan

Tarlac

Nueva Ecija

Pampanga

Bulacan

Metro Manila (3)

Rizal

CaviteLaguna

Metro Cebu


15/21


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KEY PARTNERSHIPS

37,128

41,62945,484

39,938

44,326

0

10,000

20,000

30,000

40,000

50,000

Jul-Aug '15 Sep '15 Oct '15 Nov '15 Dec'15

2015 Visitor Attendance

KidZania Manila has more than 40

industry partners to date, including:


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I n T h o u s a n d s

42 40 41

65

77

95

103 107110

104

96 97

-

20

40

60

80

100

120

-

400

800

1,200

1,600

2,000

2,400

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

EOP ARPU

ABS-CBN Mobile

Exclusive Content

and

iWant TV Videos on

Demand


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Capital Expenditures


5141,180

2,863

3,369

1,881

4,230

-

2,000

4,000

6,000

8,000

10,000

2015 2016 BUDGET

Program Rights Pay TV Digital Initiatives, Maintenance and Others

8.8 billion

5.3 billion


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Balance Sheet Highlights


Ratios 2014 2015

Current 2.1 1.8

Debt-to-Equity 0.8 0.7

Net Debt-to-Equity 0.3 0.3

In PHP Millions

67,237 70,424

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2014 2015

Total Assets

20,325 20,530

0

5,000

10,000

15,000

20,000

25,000

30,000

2014 2015

Total Borrowings

26,875 28,715

0

5,000

10,000

15,000

20,000

25,000

30,000

2014 2015

Equity


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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 arefrequently 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.



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THE END


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