Full Year 2015 Investor’s Briefing Financial and Operating Results March 18, 2016 1 ABS-CBN Investor Presentation
Revenues 14.1% 38,278 40,000 33,544 In PHP Millions 32,000 21,265 12.6% 18,880 24,000 56% 56% 16,000 16.0% 17,013 8,000 14,664 44% 44% 0 2014 2015 Ad Revenues Consumer Sales 2 ABS-CBN Investor Presentation
Costs and Expenses 48,000 40,000 34,686 14.2% 30,370 In PHP Millions 32,000 11,434 3.9% Production 11,008 Costs 24,000 11,474 16,000 24.1% Cost of Sales 9,248 & Services 8,000 11,778 10,114 GAEX 16.4% 0 2014 2015 3 ABS-CBN Investor Presentation
Financial Summary In PHP Millions Net Revenues EBITDA Net Income 45,000 10,000 4,500 14.1% 9,000 40,000 4,000 6.2% 8,000 35,000 3,500 7,000 30,000 3,000 25.4% 6,000 25,000 2,500 5,000 20,000 2,000 38,278 4,000 7,940 33,544 7,476 15,000 1,500 3,000 2,545 10,000 1,000 2,030 2,000 5,000 500 1,000 0 0 0 2014 2015 2014 2015 2014 2015 4 ABS-CBN Investor Presentation
Financial Summary In PHP Millions Net Income Attributable to Parent 3,500 22.8% 3,000 2,500 2,000 1,500 2,932 2,387 1,000 500 - 2014 2015 5 ABS-CBN Investor Presentation
Business Segments - Reported TV and Studio remain strong with margins improving from 11.6% to 13.9%. Revenues EBITDA Net Income In Php Millions 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% * Numbers presented are net of ABS-CBN mobile TVCs. 6 ABS-CBN Investor Presentation
TV and Studio – Free-to-Air In PHP Millions Net Revenues Production Costs Broadcast revenues increased 15.1% by 15.1% fuelled by ABS- CBN’s 2.4% continued leadership in audience shares and ratings. 19,675 7,878 17,092 7,692 Produced 10% more programming hours versus last year. 2014 2015 2014 2015 *Net of ABS-CBNmobile TVCs 4Q 2015 Programs 7 ABS-CBN Investor Presentation
Audience Share 60.0 50.0 45.3 41.5 38.5 38.0 40.0 Total Day 32.6 ABS-CBN 2 28.8 30.0 GMA 7 20.0 ABS-CBN continues to TV 5 7.1 be the clear leader in 6.6 6.2 10.0 audience shares and 0.0 ratings as more Total PH Mega Manila Metro Philippine households 60.0 tuned in to ABS-CBN 48.6 50.0 during primetime. 41.5 40.2 Primetime 40.0 35.2 35.0 32.9 ABS-CBN 2 30.0 GMA 7 20.0 TV 5 6.7 5.9 6.0 10.0 0.0 Total PH Mega Manila Metro Source: Kantar Media TV Measurement, Jan to Dec 2015 8 ABS-CBN Investor Presentation
Ratings Total Philippines (Urban + Rural) Total Day Primetime Ratings Strong primetime 2014 2015 2014 2015 ABS-CBN 2 13.0 14.5 19.1 21.7 programs widened the GMA 7 10.0 11.9 13.2 13.6 gap in ratings. TV 5 2.7 2.5 2.6 3.1 Others 4.0 4.8 4.2 5.6 Metro Manila Mega Manila Total Day Primetime Total Day Primetime Ratings Ratings 2014 2015 2014 2015 2014 2015 2014 2015 ABS-CBN 2 11.9 12.8 18.3 19.9 ABS-CBN 2 10.8 11.7 15.7 17.9 GMA 7 12.5 13.8 17.7 16.8 GMA 7 14.0 16.3 19.8 19.6 TV 5 3.8 2.8 3.9 3.7 TV 5 4.0 3.2 4.1 4.2 Others 8.2 9.4 9.1 10.7 Others 6.4 7.5 7.1 8.7 Source: Kantar Media TV Measurement, Jan to Dec 2015 9 ABS-CBN Investor Presentation
Top Programs – ALL GENRES Rank Channel Program Share Weekend 1 ABS-CBN THE VOICE KIDS SUNDAY 42.7 Weekend 2 ABS-CBN THE VOICE KIDS SATURDAY 40.8 Weekday 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 BOSES NG BULILIT MULING Weekend 6 ABS-CBN 32.8 BIBIRIT 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 Weekday 10 ABS-CBN DREAM DAD 29.9 Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jan to Dec 2015 10 ABS-CBN Investor Presentation
TV and Studio – Global In PHP Millions Net Revenues Cost of Sales and Services Global Viewership 8.3% 3,085 5.7% 2,844 2,786 2,522 3,682 3,399 5,976 5,651 2012 2013 2014 2015 2014 2015 2014 2015 Initiatives Launched English-subtitled programs on TFC to engage non- Filipino speaking audiences. With MYX TV, Global is committed to entertain millennials in fun, enjoyable and interesting ways ASAP Live in London drew with the launch of an Asian 10,000 to the Highest-grossing movie American reality show “ I'm Asian SSE Wembley Arena released overseas American and ...” . 11 ABS-CBN Investor Presentation
TV and Studio - Films and Music In PHP Millions Net Revenues Costs of Sales and Services Non-theatrical revenues increased by 14% 10.5% Branded entertainment TV rights 3.1% Retail Sales 1,282 1,161 Global and Sky pay-per-view 454 468 Digital sales International syndication 2014 2015 2014 2015 Strong 4 th Quarter 2015 releases generating more than Php 600M in theatrical sales 4Q’14 4Q’15 The Trial Everyday I Love You A Second Chance Past Tense Hari ng Tondo Beauty in a Bottle 12 ABS-CBN Investor Presentation
Pay TV Networks - SkyCable In PHP Millions Net Revenues Costs and Expenses 4.1% 7.3% SKY broadband revenues grew 8,083 7,898 7,764 7,360 30% in 2015. 2014 2015 2014 2015 DTH License released last December 2015 Broadband Subscribers o will expand reach around the country. 180 o to roll-out its DTH service within the year 143 160 140 Thousands 120 99 100 80 60 40 20 - 2014 2015 13 ABS-CBN Investor Presentation
Digital Terrestrial TV (DTT) COVERAGE AREA More than 1 milion boxes sold to • Benguet Pangasinan date. Tarlac Nueva Ecija • Plans for 4 more transmitters in the Pampanga Bulacan Vis Min Area over the next six Metro Manila (3) months. Rizal Cavite Laguna Metro Cebu 14 ABS-CBN Investor Presentation
Digital Terrestrial TV (DTT) We Will Open Up 4 Additional Vis-Min Sites in 2016 GUIMARAS – APRIL 2016 BACOLOD – MARCH 2016 CAGAYAN DE ORO – APRIL 2016 DAVAO (3.5kw) – JANUARY 21, 2016 DAVAO – DEC 2016 15 ABS-CBN Investor Presentation
2015 Visitor Attendance KEY PARTNERSHIPS 45,484 50,000 44,326 KidZania Manila has more than 40 41,629 39,938 industry partners to date, including: 37,128 40,000 30,000 20,000 10,000 0 Jul-Aug '15 Sep '15 Oct '15 Nov '15 Dec'15 16 ABS-CBN Investor Presentation
110 2,400 107 120 104 103 97 96 95 2,000 100 In Thousands 77 1,600 80 65 1,200 60 42 41 40 800 40 400 20 - - 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 17 ABS-CBN Investor Presentation
Capital Expenditures 10,000 8.8 billion 8,000 4,230 5.3 billion 6,000 1,881 4,000 3,369 2,000 2,863 1,180 514 - 2015 2016 BUDGET Program Rights Pay TV Digital Initiatives, Maintenance and Others 18 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 28,715 26,875 70,424 67,237 30,000 20,325 20,530 10,000 10,000 20,000 5,000 5,000 10,000 0 0 0 2014 2015 2014 2015 2014 2015 Ratios 2014 2015 Current 2.1 1.8 Debt-to-Equity 0.8 0.7 Net Debt-to-Equity 0.3 0.3 19 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. 20 ABS-CBN Investor Presentation
THE END 21 ABS-CBN Investor Presentation
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