Post on 27-Oct-2020
Q3 2017 Investors’ BriefingFinancial and Operating Results
November 10, 2017
Business SegmentsMedia Networks & Studio Entertainment Cable, Satellite & Broadband
Digital & Interactive Media Consumer Products & Experiences
- Pay TV (Cable & Satellite)
- Broadband
- Online- Mobile- Over-the-Top
- Live events- Themepark- Home shopping- ABS-CBN store- Licensing & merchandising
- Entertainment- News- Global- Film & Music- Radio- DTT- Sports- Cable channels- Publishing
6,151
7,410 7,035
9M 2015 9M 2016 9M 2017
EBITDA
27,761
31,166
29,512
9M 2015 9M 2016 9M 2017
Revenue
1,894
2,848
2,267
9M 2015 9M 2016 9M 2017
Net Income
Consolidated 9M 2017 Financial Results
- 5%
Net income attributable to parent is P2.4B for 9M 2017
- 5%
- 20%
(In millions Php)
+ 12%+ 20%
+ 50%
7% 9% 7%22% 24% 24%Margins
9,576 9,767
10,168
1Q 2Q 3Q
Revenue
1,749
2,618 2,668
1Q 2Q 3Q
EBITDA
314
941 1,011
1Q 2Q 3Q
Net Income
Quarterly Financial Results
+ 4% 2%+ 7%
(In millions Php)
+ 2%
+ 50%
+ 200%
3% 10% 10%18% 27% 26%Margins
629
1,355
942
2015 2016 2017
2nd Quarter
697 732
1,011
2015 2016 2017
3rd Quarter
569
761
314
2015 2016 2017
1st Quarter
Quarterly Net Income Year on Year
- 59%
- 30%+ 38%
(In millions Php)
+ 34%
+ 115%
+ 5%
23,324 26,686 25,115
4,437
4,480 4,397
9M 2015 9M 2016 9M 2017
BY GEOGRAPHICAL LOCATION
Domestic International
15,298 18,320
15,312
12,463
12,847
14,200
9M 2015 9M 2016 9M 2017
BY REVENUE CATEGORY
Ad Sales Consumer
Consolidated 9M 2017 Revenue
29,512
41%
48%
59%52%
86%85%
14%15%
31,166
27,761
45%
55%
29,51231,166
27,761
84%
16%
23,324 26,686 25,115
4,437
4,480 4,397
9M 2015 9M 2016 9M 2017
BY GEOGRAPHICAL LOCATION
Domestic International
15,298 18,320
15,312
12,463
12,847
14,200
9M 2015 9M 2016 9M 2017
BY REVENUE CATEGORY
Ad Sales Consumer
Consolidated 9M 2017 Revenue
29,514
41%
48%
59%52%
86%85%
14%15%
31,166
27,761
45%
55%
29,51431,166
27,761
84%
16%
4,840 5,039 5,433
4,737 4,728 4,736
1Q 2Q 3Q
BY REVENUE CATEGORY
Ad Sales Consumer
9,768
49% 48%
51% 52%
9,57610,168
47%
53%
8,162 8,325 8,628
1,414 1,442 1,540
1Q 2Q 3Q
BY GEOGRAPHICAL LOCATION
Domestic International
85% 85%
15%15%
9,576 9,768
85%
15%
10,168
8,366 9,057 8,201
8,344 8,780 9,778
8,266
9,112 8,866
9M 2015 9M 2016 9M 2017
GAEX Cost of Sales Production Cost
Consolidated 9M 2017 Costs and Expenses
- 3%
+ 11%
- 9%
26,949 26,846 -%
24,975
+ 10%
+ 5%
+ 8%
+ 8%
8,366 9,057 8,201
7,177 7,579
7,843
8,266 9,112
8,866
9M 2015 9M 2016 9M 2017
GAEX Cost of Sales Production Cost
Consolidated 9M 2017 Costs and Expenses
- 3%
+ 3%
- 9%
25,74824,910 - 3 %
23,809
+ 10%
+ 6%
+ 8%
+ 8%
Excluding DTT STB Revenues
2,882 2,568 2,752
3,179 3,225
3,375
3,112 2,818
2,937
1Q 2Q 3Q
GAEX Cost of Sales Production Cost
+ 4%
+ 5%
+ 7%
8,6109,063 + 7%9,172
- 9%
+ 1%
- 11%
- 6%
Consolidated Quarterly Costs and Expenses
9M 2016 9M 2017 9M 2016 9M 2017 9M 2016 9M 2017
Media Networks & Studio Entertainment 23,652 21,248 3,179 2,556 3,270 2,605
Margin 13% 12% 14% 12%
Cable, Satellite & Broadband 6,411 6,849 69 75 44 54
Margin 1% 1% 1% 1%
Digital & Interactive Media 491 839 (361) (306) (202) (206)
Consumer Products & Experience 612 575 (39) (58) (16) (41)
Net Income NI Attributable to Parent
Segment
Operating Revenue
Consolidated 9M 2017 Segment Report
1,500
2,000
2,500
3,000
3,500
4,000
DTT Distribution
Actual Budget
Digital Terrestrial Television• More than 3.6 million
cumulative boxes sold as of September
21%
561
731
1,444
9M 2015 9M 2016 9M 2017
Boxes Sold
Digital Terrestrial Television
21%
• More than 3.6 million cumulative boxes sold as of September
• Average of 160k boxes sold per month in 9M 2017 and more than 1.4M boxes sold in 2017.
Total
Philippines
Urban
Philippines
Mega
Manila
Metro
Manila
HOMES (in Thousands) 18,934 9,857 5,267 3,032
CABLE or DTT HOMES 32.7% 39.6% 54.4% 67.7%
Cabled Homes 23.8% 24.1% 27.5% 38.3%
DTT Homes 9.8% 17.2% 30.1% 34.1%
NON CABLE & NON DTT HOMES 67.3% 60.4% 45.6% 32.3%
Total
Philippines
Urban
Philippines
Mega
Manila
Metro
Manila
HOMES (in Thousands) 18,935 9,857 5,267 3,032
CABLE or DTT HOMES 36.1% 44.6% 63.3% 78.1%
Cabled Homes 23.8% 24.1% 27.5% 38.3%
DTT Homes 12.3% 20.5% 35.8% 39.8%
NON CABLE & NON DTT HOMES 63.9% 55.4% 36.7% 21.9%
DTT : Changing the distribution landscape
Total Philippines - Household Mix by Platform
Source: Kantar Media - July – September 2017 (3rd Quarter)- May – June 30 2017 (2nd Quarter)
3rd Quarter Results
2nd Quarter Results
13,924
17,609
14,451
9M 2015 9M 2016 9M 2017
Advertising Revenue
Free-to-Air
Source: Kantar Media TV Ratings Measurement
Total Day National Audience Share for 9M 2017
- 18%
+ 26%CHANNEL 2016 1Q 2017 1H 2017 9M 2017
ABS-CBN 49.58 51.12 50.67 51.70 GMA 7 33.80 34.68 33.78 33.39
TV 5 6.50 5.78 5.76 5.12
Other FTA 4.10 3.27 2.98 3.51
Other Cable 6.50 5.60 7.18 6.65
38 3639
3639
35
8 8 7
3Q 2015 3Q 2016 3Q 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
2934 33
4338
41
9 7 5
3Q 2015 3Q 2016 3Q 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
2431 34
56
42 43
6 5 3
3Q 2015 3Q 2016 3Q 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
29 303337 35
27
9
4 5
3Q 2015 3Q 2016 3Q 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
Channel 2 Mega Manila Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Mega ManilaPeriod covered excludes Holy Week
31 3236
2929
20
74 3
3Q 2015 3Q 2016 3Q 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
4340
45
3034
28
7 7 6
3Q 2015 3Q 2016 3Q 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
3237 39
3632 32
86 5
3Q 2015 3Q 2016 3Q 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
2734
40
49
36 34
5 4 3
3Q 2015 3Q 2016 3Q 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
Channel 2 Metro Manila Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Metro ManilaPeriod covered excludes Holy Week
52 50 51
2831 31
7 7 6
3Q 2015 3Q 2016 3Q 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
4347
43
3633
39
8 6 5
3Q 2015 3Q 2016 3Q 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
37
45 4544
3336
6 5 4
3Q 2015 3Q 2016 3Q 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
41 41 40
3435
31
85 5
3Q 2015 3Q 2016 3Q 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
Channel 2 National Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Total Homes, Total Philippines (Urban + Rural)Period covered excludes Holy Week
RANK CHANNEL PROGRAM RATINGS
1 ABS-CBN FPJ'S ANG PROBINSYANO MON-FRI 38.1
2 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SUNDAY SUN 36.4
3 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SATURDAY SAT 35.0
4 ABS-CBN THE VOICE TEENS SUNDAY SUN 34.9
5 ABS-CBN LITTLE BIG SHOTS SUNDAY SUN 34.7
6 ABS-CBN LA LUNA SANGRE MON-FRI 34.5
7 ABS-CBN LITTLE BIG SHOTS SATURDAY SAT 34.1
8 ABS-CBN THE VOICE TEENS SATURDAY SAT 33.9
9-10 ABS-CBN MMK 25 SAT 30.8
9-10 ABS-CBN WANSAPANATAYM SUN 30.8
11 ABS-CBN TV PATROL WEEKDAY MON-FRI 30.7
12 ABS-CBN MY DEAR HEART MON-FRI 27.6
13 ABS-CBN MAGPAHANGGANG WAKAS MON-FRI 25.0
14 GMA ENCANTADIA MON-FRI 24.4
15 ABS-CBN HOME SWEETIE HOME SAT 23.9
16 ABS-CBN WILDFLOWER MON-FRI 22.9
17 ABS-CBN GOIN' BULILIT SUN 21.9
18 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO SAT 20.2
19 GMA 24 ORAS WEEKDAY MON-FRI 20.1
20 ABS-CBN I CAN SEE YOUR VOICE SATURDAY SAT 19.7
ABS-CBN leads in national ratings with shows dominating Top 20 spots in 2017
Source: Kantar Media TV Audience Measurement – Total HomesPeriod: January – September 2017
70
114
142
9M 2015 9M 2016 9M 2017
Program Syndication
4,437 4,480
4,397
9M 2015 9M 2016 9M 2017
Revenue
International
- 2%
+ 25%
+ 1%+ 62%
TFC Channels
Program Syndication TerritoriesASIA AFRICA OTHERS
Cambodia Kenya Mexico
Indonesia Nigeria Peru
Malaysia Seychelles Kazakhstan
Myanmar Tanzania
Thailand Uganda
Vietnam
Middle East
• TFC Viewership at 3.1 million level as of September 2017
4,437 4,480
4,397
9M 2015 9M 2016 9M 2017
Revenue
International
- 2%
+ 1%
Finally Found Someone is the highest grossing released movie in the last 2 years with over USD1.94M in Gross Revenues and shown in 95 screens internationally.
Cinematografo
Film and MusicProduced over 550 hours of movie content
PHP 1.45 billion gross receipts from movies produced in 9 months of 2017.
Released over 631 music albums
• Aberya• Anak Araw• Ang Paglalakbay ng Mga
Bituin sa Gabing Madilim• Catnip• Palitan• Slumber Party
• Anatomiya ng Korupsyon• Big Boy• Cartas De La Soledad• Di Ingon Nato (Not like us)• Ka Oryang• Mga Anito sa Tanghaling
Tapat• My Paranormal Romance• Sa Ilalim ng Tulay• Sa kanto ng Ulap at Lupa• Six Degrees of Separation
from Lipa Cuntapay
• Alon• Dose• Imburnal• Kolorente• Motorcycle• Upcat• Yanggaw
• Huling Balyan ng Buhi• Metlogs• Pandanggo• Raket Ni Nanay• Rekados• Rome and Juliet• Seroks
Films
2005
• Anak ng Tinapa• Ang Anak ni Brocka• Dilim• Sandalang Bahay• Sa North Diversion Road• Sitak
2006
• Altar• Confessional• Maling Akala• Prinsesa• Tambolista
2007
2008
• Bala-Bala• Paano ko sasabihin• Maximus & Minimus• Si Baning Si Maymay at ang
asong si bobo• Wanted: Border
2009
• Ang Damgo ni EleuteriaKirschbaum
• Dagim• Ishmael• Layang Bilanggo• Third World Happy
2010
2011
2012
• Angustia• AngPagbabalat ng Ahas• Islands• Bukas na lang Sapagkat Gabi na• Iskalawags
2013
• The Babysitters• Bitukang Manok• Esprit de Corps• Hindi Sila Tatanda• Lorna• Red• Seoul Mates
2014
2015
• Baka Siguro Yata• Bukod Kang
Pinagpala• The Comeback• Dahling Nick• Dayang Asu• Hamog
2016
• Forbidden Memory• Piding• 2 Cool 2 be
forgotten• Baka Bukas• Lily• Everyroom is a
planet
Cinema One Originals Produced over 190 hours of content throughout the years
2017
193
121
205
295
147
BROADBAND DTH 2 PLAY
9M 2016 9M 2017
6,010
6,411
6,849
9M 2015 9M 2016 9M 2017
Revenue
Cable, Satellite & Broadband
Total revenues
grew by P438Mor 7% driven by
the 24% increase
in overall Sky subscribers
Our broadband, DTH and two-playsubscriber base continue to expand year-on-year
+ 7%
SKY subscribers exclusive offerings
+ 7%
Digital Media ContentProduct Enhancement Content Creation Community Building
Real time Scores Quick Set/Down the Line Bulletin of Tournaments/Venues
Showbiz News Desk Push TV Push Now Na/Push Awards
Storified Galleries Throwbacks; Kapamilya Chat Specialized Digital Campaigns
Choose Philippines Travel Deals Chasing Waterfalls Crowdsourcing
Magazine Pages ABS-CBN Lifestyle Asks Viewing Party
Be Discovered Digital Concerts Real-time chat in Digicon
Choose Philippines
ABS-CBN Lifestyle
One Music
ABS-CBN Sports
Push
Entertainment
Activity PlatformNo. of
Subscribers
Watching 904,944
Watching
(Overseas)72,617
Watching 63,250
Listening and
watching40,971
Reading* 253,768
Movie
Community1,058,000
*Unique users of No Ink app monthly
349
607
945
9M 2015 9M 2016 9M 2017
3,526
6,282
8,858
9M 2015 9M 2016 9M 2017
iWant TV and TFC.tv with close
to 8.8M and 73k subscribers as of
September 2017
ABS-CBN.com remains the #1 Philippine based website across all categories in the Philippines
ABS-CBN digital properties revenue in 2017 up by 26% versus
last year
ABS-CBN Mobile with close to
946,000 subscribers as of
September 2017
Digital and Interactive Media
+ 56%+ 41%
+ 74%+ 78%
Consumer Products and Experiences
ABS-CBN/Star Events
Regional News and Current Affairs
ABS-CBN International
ABS – CBN Integrated Events
908 1,077
1,422
2,150
3,197
3,646
3Q 2017 2017 LE
Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others
Spent and committed Php 5.5B for 9M;Php 6.9B FY 2017 estimate
Capital Expenditures
5,522
6,873
70,424
72,734 72,877
2015 2016 9M 2017
Total Assets
Ratios 2015 2016 9M 2017
Current 1.88 2.02 2.18
Debt-to-Equity 0.71 0.65 0.62
Net Debt-to-Equity 0.31 0.30 0.28
20,402 20,472 20,311
2015 2016 9M 2017
Total Borrowings
28,715
31,692
33,012
2015 2016 9M 2017
Equity
Balance Sheet Highlights
Except for historical and operating data and other information of historical matters, the statementscontained 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 theseforward looking statements. Any such forward-looking statement is not a guarantee of future performanceand involves a number of known and unknown risks, uncertainties and other factors that could cause theactual performance, financial condition or results of operation of ABS-CBN to be materially different fromany future performance, financial condition or results of operation implied by such forward-lookingstatement.