Post on 13-Feb-2017
3rd Quarter 2015 Investor’s Briefing Financial and Operating Results
November 9, 2015
ABS-CBN Investor Presentation 1
11,118 12,528
13,939 15,298
0
5,000
10,000
15,000
20,000
25,000
30,000
9M'14 9M'15
Ad Revenues Consumer Sales
ABS-CBN Investor Presentation 2
Revenues - Reported
25,057
27,826 11.1%
9.7%
12.7%
For the period ended September 30, 2015
55%
45%
56%
44%
In P
HP
Mill
ion
s
Costs and Expenses
ABS-CBN Investor Presentation 3
For the period ended September 30, 2015
Production costs down 1.3%
7,424 8,366
6,999 8,408
8,378
8,266
0
4,000
8,000
12,000
16,000
20,000
24,000
28,000
9M'14 9M'15
1.3% Production
Costs
Cost of Sales
& Services
GAEX 12.7%
20.1%
22,801
25,040 9.8%
In P
HP
Mill
ion
s
Financial Summary
ABS-CBN Investor Presentation 4
1,540 1,894
0
1,000
2,000
3,000
4,000
9M'14 9M'15
5,301 6,151
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9M'14 9M'15
Net Revenues
In PHP Millions
25,057 27,826
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
9M'14 9M'15
For the period ended September 30, 2015
EBITDA Net Income
11.1% 16.0%
22.9%
21.2% 22.1% 6.1% 6.8% Margins Margins
Business Segments - Reported
ABS-CBN Investor Presentation 5
In Php Millions Revenues EBITDA Net Income
9M'15 9M'14 % Ch 9M'15 9M'14 % Ch 9M'15 9M'14 % Ch
A. TV and Studio 20,465 19,005 7.7% 5,751 4,790 20.1% 3,035 2,182 39.1%
Margins 28.1% 25.2% 14.8% 11.5%
B. Pay TV Networks 6,010 5,780 4.0% 1,236 1,367 -9.6% 22 186 -88.2%
Margins 20.6% 23.7% 0.4% 3.2%
C. New Businesses 1,351 272 396.7% -836 -856 2.3% -1,163 -828 -40.4%
TOTAL 27,826 25,057 11.1% 6,151 5,301 16.0% 1,894 1,540 23.0%
Margins 22.1% 21.2% 6.8% 6.1%
* Numbers presented are net of ABS-CBNmobile TVCs.
For the period ended September 30, 2015
Our TV and Studio business has continued to strengthen…
TV and Studio – Free-to-Air
ABS-CBN Investor Presentation 6
8,318 8,328
9M'14 9M'15
Direct Costs
In PHP Millions
13,100 14,341
9M'14 9M'15
Net Revenues
9.5%
* Net of ABS-CBNmobile TVCs
3Q 2015 Programs
Produced more programming hours with the same costs
versus last year.
Audience Share and Ratings – Total Philippines (Urban + Rural)
ABS-CBN Investor Presentation 7
Total Day
Primetime
Ratings Total Day Primetime
3Q'14 3Q'15 3Q'14 3Q'15
ABS-CBN 2 12.4 16.0 19.1 23.5
GMA 7 10.1 11.9 13.2 12.9
TV 5 2.4 2.5 2.6 3.2
Source: Kantar Media TV Measurement, Jul to Sep 2015
ABS-CBN continues to be the clear leader in audience shares and ratings. More than half of the total Philippine
households tuned in to ABS-CBN during primetime.
Audience Share
GMA 7 33.8
TV 5 7.1 Others
14.0
ABS-CBN 2 45.4
GMA 7 28.4
TV 5 7.0
Others 13.2
ABS-CBN 2 51.9
Audience Share and Ratings – Mega Manila
ABS-CBN Investor Presentation 8
Source: Kantar Media TV Measurement, Jul to Sep 2015
Ratings Total Day Primetime
3Q'14 3Q'15 3Q'14 3Q'15
ABS-CBN 2 10.3 12.7 15.7 19.4
GMA 7 14.5 16.5 19.8 18.4
TV 5 3.6 3.2 4.1 4.2
Total Day
Primetime
Audience Share
GMA 7 41.4
TV 5 8.1
Others 19.3
ABS-CBN 2 31.9
GMA 7 36.3
TV 5 8.3
Others 17.9
ABS-CBN 2 38.4
ABS-CBN’s primetime shows continue to lead and capture the
hearts of every Filipino.
Audience Share and Ratings – Metro Manila
ABS-CBN Investor Presentation 9
Source: Kantar Media TV Measurement, Jul to Sep 2015
Ratings Total Day Primetime
3Q'14 3Q'15 3Q'14 3Q'15
ABS-CBN 2 11.7 13.7 18.3 21.4
GMA 7 12.6 13.5 17.7 15.3
TV 5 3.4 2.6 3.9 3.5
Total Day
Primetime
Audience Share
GMA 7 34.6
TV 5 6.7
Others 24.6
ABS-CBN 2 35.2
GMA 7 30.3
TV 5 6.9 Others
21.7
ABS-CBN 2 42.5
Strong primetime programs widened the
gap in ratings.
Top Programs – ALL GENRES
ABS-CBN Investor Presentation 10
Rank Channel Program Share
1 ABS-CBN THE VOICE KIDS SUNDAY 43.8 Weekend
2 ABS-CBN THE VOICE KIDS SATURDAY 41.4 Weekend
3 ABS-CBN FPJ'S ANG PROBINSYANO 40.4 Weekday
4 ABS-CBN NATHANIEL 35.2 Weekday
5 ABS-CBN PANGAKO SA'YO 33.9 Weekday
6 ABS-CBN MMK ANG TAHANAN MO 33.6 Weekend
7 ABS-CBN WANSAPANATAYM 33.0 Weekend
8 ABS-CBN BOSES NG BULILIT MULING BIBIRIT
32.8 Weekend
9 ABS-CBN TV PATROL WEEKDAY 29.8 Weekday
10 ABS-CBN CELEBRITY PLAYTIME 28.7 Weekend
Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015
Top Programs – WEEKDAY NARRATIVE
ABS-CBN Investor Presentation 11
Rank Channel Program Share
1 ABS-CBN FPJ'S ANG PROBINSYANO 40.4
2 ABS-CBN NATHANIEL 35.2
3 ABS-CBN PANGAKO SA'YO 33.9
4 ABS-CBN BRIDGES OF LOVE 24.3
5 ABS-CBN ON THE WINGS OF LOVE 22.4
Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015
Top Programs – WEEKEND NARRATIVE
ABS-CBN Investor Presentation 12
Rank Channel Program Share
1 ABS-CBN MMK ANG TAHANAN MO 33.6
2 ABS-CBN WANSAPANATAYM 33.0
3 GMA MAGPAKAILANMAN 20.6
4 ABS-CBN IPAGLABAN MO 17.0
5 GMA KARELASYON 14.9
Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015
Top Programs – VARIETY / REALITY / GAME
ABS-CBN Investor Presentation 13
Rank Channel Program Share
1 ABS-CBN THE VOICE KIDS SUNDAY 43.8
2 ABS-CBN THE VOICE KIDS SATURDAY 41.4
3 ABS-CBN CELEBRITY PLAYTIME 28.7
4 ABS-CBN YOUR FACE SOUNDS FAMILIAR SATURDAY
28.2
5 ABS-CBN YOUR FACE SOUNDS FAMILIAR SUNDAY
24.8
Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015
Top Programs – NEWS and CURRENT AFFAIRS
ABS-CBN Investor Presentation 14
Rank Channel Program Share
1 ABS-CBN TV PATROL WEEKDAY 29.8
2 ABS-CBN RATED K HANDA NA BA KAYO? 25.0
3 ABS-CBN MGA KWENTO NI MARC LOGAN 20.9
4 GMA KAPUSO MO, JESSICA SOHO 20.0
5 ABS-CBN SONA 2015 THE ABS-CBN 19.0
Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015
International Distribution
ABS-CBN Investor Presentation 15
New territories opened: Kazakhstan & Thailand
“Bridges of Love” in Spanish for distribution in Latin America
Licensed 1,324 TV hours and 127 movies to Hooq
In talks with other potential OTT partners.
Recognized in the global arena as a reliable foreign content provider.
ABS-CBN International Distribution has been a premier source of high quality Filipino programming in over 50
territories all over the world and has sold over 30,000 hours of content worldwide.
UK, Ireland, Italy, Turkey, Jordan, Jordan, Russia, American Samoa, Indonesia, Thailand, Cambodia, Vietnam, Myanmar, Brunei, Malaysia, Colombia, Pan Africa, Uganda, Kenya, Kazakhstan, Romania, Ghana, Nigeria, Tanzania, Macedonia, Latin and Hispanic America, Guinea, Cote d'lvoire, Sierra Leone, Liberia, Cameroon, Seychelles, Malawi, Zambia, Botswana, Namibia, Mauritius, South Africa, French-speaking Africa, Singapore, Fiji Islands, Hong Kong, China, South Korea
Digital Statistics
ABS-CBN Investor Presentation 16
Rank Property
1 ABS-CBN News
2 GMA
3 Inquirer
4 ABS-CBN.com
5 Lazada
6 Rappler
7 OLX
8 Philstar
9 Metro Deal
10 BPI Online
Rank Site
1 facebook.com
2 google.com
3 google.com.ph
4 youtube.com
5 yahoo.com
6 abs-cbnnews.com
7 gmanetwork.com
8 twitter.com
9 amazon.com
10 blogspot.com
Number 1 vs Philippine Websites Number 6 vs All Websites
Source: Alexa – as of September 2015; Basis of ranking - local page views and local reach
Source: Alexa – as of September 2015; Basis of ranking - global page views and global reach
ABS-CBN is the dominant digital media platform in the Philippines. Number 1 local website, Number 1 FB page, and Number 1 Youtube Channel
Launched three digital products: Stellar for Social Media Marketing, Chicken Pork Adobo for empowering Philippine Youtubers to create their own content, and Push Awards, for recognizing celebrities who communicate with their fans on digital
WeStory is the Digital Storytelling arm of
ABS-CBN, which works with brands in engaging their
audiences in the digital space
TV and Studio – Global
ABS-CBN Investor Presentation 20
4,222 4,367
9M'14 9M'15
Net Revenues Global Viewership
ASAP Live in London drew 10,000 to the
SSE Wembley Arena
2,522 2,786 2,844
3,083
2012 2013 2014 9M'15
2,534 2,661
9M'14 9M'15
Cost of Sales and Servies
In PHP Millions
3.4% 4.8%
Highest-grossing movie released overseas
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 with the launch of an Asian American reality show “I'm Asian American and...”.
Initiatives
ABS-CBN Investor Presentation 21
1,173 1,096
9M'14 9M'15
Net Revenues
TV and Studio - Films and Music
558 539
9M'14 9M'15
Costs of Sales and Services
In PHP Millions
3.4%
6.6%
3Q’14 3Q’15
She’s Dating the Gangster Break Up Playlist
Maria Leonora Teresa The Love Affair
Once a Princess Etiquette for Mistresses
Talkback and You’re Dead Ex With Benefits
3rd Q 2015 theatrical revenues up by 42%
Php 588 M Php 414 M
Branded entertainment TV rights Retail Sales Global and Sky pay-per-view Digital sales International syndication
Non-theatrical revenues
increased by 15%
Pay TV Networks - SkyCable
ABS-CBN Investor Presentation
5,780 6,010
9M'14 9M'15
Net Revenues
22
In PHP Millions
4.0%
9.3%
3,784 4,165
9M'14 9M'15
Costs and Expenses
10.1%
SKY broadband registered its highest sales in Sept 2015; YTD
Sept 2015 sales is 39% better vs. the same period last year.
Launched Sky Cable Prepaid in August 2015 to target a wider range of subscribers.
New HD Channels (Fox Sports, AXN, AFC, Mezzo Live, ABS-CBN).
Launched Sky Mobi - fast-speed mobile internet that lets you watch your favorite Sky cable channels and shows, and surf the Internet everywhere you go!
Launched Sky on Demand in July 2015 that lets subscribers catch up on their favorite shows on TV, Computer, Tablet or Smartphone!
Over 40 HD channels currently being offered
• More than 800k boxes sold to date.
• Additional 4 exclusive channels with no additional cost.
• Target: 1M boxes by December 2015.
• Plans for 5 more transmitters in the
Vis Min Area over the next six
months.
Digital Terrestrial TV (DTT)
ABS-CBN Investor Presentation 23
COVERAGE AREA Benguet
Pangasinan Tarlac
Nueva Ecija Pampanga
Bulacan Metro Manila (3)
Rizal Cavite Laguna
Metro Cebu
ABS-CBN Investor Presentation 24
KEY PARTNERSHIPS
Visitor Attendance
-
20
40
60
80
100
120
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
January February March April May June July August September
EOP ARPU
ABS-CBN Investor Presentation 25
In T
ho
usa
nd
s
425
2,349
1,058 687
947
753
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Program Rights Pay TV and Digital Initiative Maintenance and Others
9M'15 Remaining Balance
Capital Expenditures
ABS-CBN Investor Presentation 26
In P
HP
Mill
ion
s
YTD capex spent - Php 3.8B Full year estimate - Php 6.2B
1,112
3,296
1,811
Balance Sheet Highlights
ABS-CBN Investor Presentation 27
Ratios 2014 9M'15
Current 2.1 1.9
Debt-to-Equity 0.8 0.7
Net Debt-to-Equity 0.3 0.2
In PHP Millions
67,237 70,671
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2014 9M'15
Total Assets
20,325 20,469
0
5,000
10,000
15,000
20,000
25,000
30,000
2014 9M'15
Total Borrowings
26,875 27,885
0
5,000
10,000
15,000
20,000
25,000
30,000
2014 9M'15
Equity
13,238 14,306
0
5,000
10,000
15,000
20,000
2014 9M'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 28
THE END
ABS-CBN Investor Presentation 29