ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines - PDF document

ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines 12 May 2016 Philippine Dealing and Exchange Corporation 37 th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City Attention: Ms. Vina Vanesssa S. Salonga Head – Issuer Compliance and Disclosure Department Subject: ABS-CBN 1Q 2016 Investor ’ s Briefing Presentation Materials -------------------------------------------------------------------- Dear Ms. Salonga, We are submitting ABS- CBN Corporation’s 1Q 2016 Investor ’ s Briefing presentation materials. Thank you.

Q1 2016 Investors’ Briefing Financial and Operating Results May 12, 2016

Revenues 12,000 9,795 18% 10,000 8,326 In PHP Millions 8,000 5,582 31% 4,255 6,000 57% 51% 4,000 4,213 4,071 2,000 3% 49% 43% - 1Q'15 1Q'16 Ad Revenues Consumer Sales 2 ABS-CBN Investor Presentation

Costs and Expenses 14% 8,639 9,000 7,556 8,000 12% 2,961 7,000 Production In PHP Millions 2,648 Costs 6,000 5,000 10% Cost of Sales 2,833 4,000 2,574 & Services 3,000 2,000 22% 2,845 GAEX 2,334 1,000 - 1Q'15 1Q'16 5 ABS-CBN Investor Presentation

Financial Summary In PHP Millions Net Revenues EBITDA Net Income 12,000 5,000 5,000 18% 4,500 10,000 4,000 4,000 3,500 8,000 3,000 3,000 6,000 2,500 19% 9,795 2,000 2,000 8,326 4,000 1,500 34% 2,163 1,000 1,000 1,823 2,000 500 761 569 - - - 1Q'15 1Q'16 1Q'15 1Q'16 1Q'15 1Q'16 9 ABS-CBN Investor Presentation

Financial Summary In PHP Millions Net Income Attributable to Parent 900 26% 800 700 600 500 839 400 668 300 200 100 - 1Q'15 1Q'16 10 ABS-CBN Investor Presentation

Business Segments TV and Studio’s remain strong with increase in net income of 19% Revenues EBITDA Net Income In Php Millions 1Q'16 1Q'15 % Ch 1Q'16 1Q'15 % Ch 1Q'16 1Q'15 % Ch A. TV and Studio 7,219 5,924 22% 1,932 1,658 17% 1,072 901 19% Margins 27% 28% 15% 15% B. Pay TV Networks 2,069 1,960 6% 458 411 11% 23 19 21% Margins 22% 21% 1% 1% C. New Business 507 442 15% -227 -246 8% -334 -351 5% TOTAL 9,795 8,326 18% 2,163 1,823 19% 761 569 34% Margins (net of DTT Sales) 23% 23% 8% 7% * Numbers presented are net of ABS-CBN mobile TVCs. 11 ABS-CBN Investor Presentation

TV and Studio – Free-to-Air In PHP Millions Net Revenues Production Costs 30% 12% Two programs added which helped boost revenues 5,281 3,019 4,069 2,702 1Q'15 1Q'16 1Q'15 1Q'16 *Net of ABS-CBNmobile TVCs 1Q 2016 Programs 12 ABS-CBN Investor Presentation

Audience Share TOTAL DAY Audience Share Total PH Mega Manila Metro Manila ABS-CBN 2 44 31 35 GMA 7 35 42 36 TV 5 7 7 6 TOTAL PRIMETIME Audience Share Total PH Mega Manila Metro Manila ABS-CBN 2 and Sports + Action 49 35 40 GMA 7 32 42 36 TV 5 6 7 6 Source: Kantar Media TV Measurement 14 ABS-CBN Investor Presentation

Top Programs Rank Channel Program Ratings Weekday 1 ABS-CBN FPJ'S ANG PROBINSYANO 41.2 Weekend 2 ABS-CBN PILIPINAS GOT TALENT SUNDAY 35.1 Weekend 3 ABS-CBN PILIPINAS GOT TALENT SATURDAY 34.9 Weekday 4 ABS-CBN DOLCE AMORE 34.5 Weekend 5 ABS-CBN MMK ANG TAHANAN MO 32.9 Weekend 6 ABS-CBN WANSAPANATYM 29.5 Weekday 7 ABS-CBN TV PATROL WEEKDAY 28.3 Weekend 8 ABS-CBN HOME SWEETIE HOME 24.3 Weekend 9 ABS-CBN RATED K HANDA NA BA KAYO? 23.7 Weekend 10 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO 21.4 Source: Kantar Media TV Measurement, March 2016 16 ABS-CBN Investor Presentation

TV and Studio – Global In PHP Millions Global Viewership Net Revenues Cost of Sales and Services 3,097 3,085 17% 23% 2,844 2,786 1,529 1,359 1,311 1,106 2013 2014 2015 YTD 2016 1Q'15 1Q'16 1Q'15 1Q'16 ABS-CBN and TFC kicked off the first TFC @ the Movies brought two highly quarter of 2016 with major events rated Filipino Films to North America, Europe and Middle East 17 ABS-CBN Investor Presentation

TV and Studio - Films and Music In PHP Millions Net Revenues Costs of Sales and Services Beauty and the Bestie is now the highest grossing film of all 17% time in the Philippines 12% 462 380 210 187 1Q'15 1Q'16 1Q'15 1Q'16 Box Office Box Office 1Q’15 1Q’16 Receipts Receipts Praybeyt Benjamin 2 455 Beauty and the Bestie 529 Feng Shui 244 All You Need is Pag-ibig 37 Halik sa Hangin 28 Everything About Her 151 Crazy Beautiful You 271 Always be my Maybe 105 Hele sa Hiwagang Hapis 4 18 ABS-CBN Investor Presentation

Pay TV Networks - SkyCable In PHP Millions Net Revenues Costs and Expenses 6% 5% SKY broadband revenues grew 2,069 44% in 2016. 1,960 2,005 1,909 1Q'15 1Q'16 1Q'15 1Q'16 Broadband Subscribers Direct-to-home license released last 200 December 2015 154 143 150 Thousands 100 50 - 2015 1Q'16 19 ABS-CBN Investor Presentation

Digital Terrestrial TV (DTT) COVERAGE AREA More than 1.2 milion boxes sold • Benguet Pangasinan to date. Tarlac Nueva Ecija • Bacolod transmitter operational in Pampanga Bulacan March 2016 Metro Manila (3) Rizal Cavite Laguna Metro Cebu Bacolod 20 ABS-CBN Investor Presentation

1Q’16 Visitor Attendance Recently launched: Art and Design Academy Kids can now see the world they run in a whole, new colorful light with the opening of the National Art and Design Academy. In partnership with National Bookstore and Dong-A, the play city now has maestros creating masterpieces and expressing themselves artistically. 21 ABS-CBN Investor Presentation

600 101 100 100 In Thousands 99 98 98 550 97 96 96 95 500 94 January February March EOP ARPU ABS-CBN Mobile Exclusive Content and iWant TV Videos on Demand 22 ABS-CBN Investor Presentation

Monthly Revenue 80 70 In Millions Php 60 50 2016 40 2015 30 20 10 0 Jan Feb Mar Lifestyle Stone Elizabeth London ILO Ceramic Pot Elishacoy Magic Lipstick Kitchen-Art Wide Grill Cookware Set Premium Towel 23 ABS-CBN Investor Presentation

Capital Expenditures Spent Php 1.1B out of the Php 8.8 budget for 2016 4500 4000 3500 In Millions Php 3000 2500 3,672 2000 3,043 1500 1000 915 500 558 326 265 0 Program Rights Pay TV Digital Initiatives, Maintenance and Others 1Q'16 Remaining Balance 25 ABS-CBN Investor Presentation

Balance Sheet Highlights In PHP Millions Total Assets Total Borrowings Equity 80,000 30,000 30,000 70,000 25,000 25,000 60,000 20,000 20,000 50,000 40,000 15,000 15,000 28,971 28,715 71,818 70,424 30,000 20,530 20,538 10,000 10,000 20,000 5,000 5,000 10,000 0 0 0 2015 1Q'16 2015 1Q'16 2015 1Q'16 Ratios 2015 2016 Current 1.88 1.79 Debt-to-Equity 0.7 0.7 Net Debt-to-Equity 0.3 0.3 26 ABS-CBN Investor Presentation

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. 27 ABS-CBN Investor Presentation

THE END 28 ABS-CBN Investor Presentation