1Q 2017 Investors’ BriefingFinancial and Operating Results
May 19, 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
- Entertainment- News- Global- Film & Music- DTT- Sports- Cable networks- Publishing
9,894
9,576
1Q 2016 1Q 2017
Revenue
2,164
1,749
1Q 2016 1Q 2017
EBITDA
761
314
1Q 2016 1Q 2017
Net Income
Consolidated 1Q 2017 Financial Results
- 3%
Net income attributable to parent is P422M in 1Q 2017
- 19%
- 59%
(In millions Php)
8%
3%
1Q 2016 1Q 2017
Net Income Margin
22%
18%
1Q 2016 1Q 2017
EBITDA Margin
Consolidated 1Q 2017 Financial Results
- 5%
- 4%
8,358 8,162
1,536 1,414
1Q 2016 1Q 2017
BY GEOGRAPHICAL LOCATION
Domestic International
5,589 4,840
4,305 4,736
1Q 2016 1Q 2017
BY REVENUE CATEGORY
Ad Sales Consumer
Consolidated 1Q 2017 Revenue
- 3%
44%49%
56%51%
84% 85%
16% 15%
- 3%
2,794 2,882
2,933 3,179
3,141 3,112
1Q 2016 1Q 2017
GAEX Cost of Sales Production Cost
Consolidated 1Q 2017 Costs and Expenses
+ 3%
- 1%
+ 8%
+ 3%
8,8689,173
Consolidated 1Q 2017 Segment Report
1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017
Media Networks & Studio Entertainment 7,026 6,414 842 472 874 528
Margin 12% 7% 12% 8%
Cable, Satellite & Broadband 2,069 2,298 21 20 14 11
Margin 1% 1% 1% 0%
Digital & Interactive Media 281 410 (176) (191) (127) (137)
Consumer Product & Experience 517 453 74 13 78 20
Net Income NI Attributable to Parent
Segment
Operating Revenue
Digital Terrestrial Television
21%
• More than 2.7 million cumulative boxes sold as of March
• Average of 150k boxes sold per month in 1Q 2017 and more than
480k boxes sold in 2017.
-
500
1,000
1,500
2,000
2,500
3,000
2016 Jan Feb March April
DTT Distribution
Actual Budget
DTT : Changing the distribution landscape
Total
Philippines
Urban
Philippines
Mega
Manila
Metro
Manila
HOMES (in Thousands) 18,935 9,857 5,267 3,032
CABLE or DTT HOMES 31.7% 37.7% 51.4% 64.2%
Cabled Homes 23.8% 24.1% 27.5% 38.8%
DTT Homes 7.9% 13.6% 23.9% 25.4%
NON CABLE & NON DTT HOMES 68.3% 62.3% 48.6% 35.8%
Total Philippines - Household Mix by Platform
Source: Kantar Media - May 1-14, 2017
DTT : Audience Shares
Source: Kantar Media - May 1-14, 2017
MEGA MANILA
CHANNELS HOMESCABLE or
DTH HH
NON CABLE
& NON DTT
HH
TOTAL TV 100 100 100
ABS-CBN 35 39 29
GMA 37 22 55
CINEMO + YEY! 7 12 0
SHARE
TOTAL PHILIPPINES
CHANNELS HOMESCABLE or
DTH HH
NON CABLE
& NON DTT
HH
TOTAL TV 100 100 100
ABS-CBN 45 42 47
GMA 33 18 42
CINEMO + YEY! 3 8 0
SHARE
5,589
4,840
1Q 2016 1Q 2017
Advertising Revenue
Free-to-Air
Source: Kantar Media TV Ratings Measurement
Total Day National Audience Share for 1Q 2017
- 13%
CHANNEL 2016 1Q 2017
ABS-CBN 49.58 51.12 GMA 7 33.80 34.68
TV 5 6.50 5.78
Other FTA 4.10 3.27
Other Cable 6.50 5.60
Channel 2 National Audience ShareABS CBN Channel 2 leads across all time blocks
35.4038.97
36.6934.36
8.726.45
Q12016 Q12017
Morning Block (6AM-12NN)
41.8045.38
37.7734.68
6.003.35
Q12016 Q12017
Noontime Block (12NN-3PM)
41.1344.44
37.07 36.17
7.24 6.27
Q12016 Q12017
Afternoon Block (3PM-6PM)
49.30 47.74
32.42 34.27
6.22 6.28
Q12016 Q12017
Primetime Block (6PM-12MN)
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Total Homes, Total Philippines (Urban + Rural)Period covered excludes Holy Week
ABS-CBN leads in total day national ratings with shows dominating Top 20 spots in 2017
Source: Kantar Media TV Audience Measurement – Indivs 13+, National
RANK CHANNEL PROGRAM RATINGS
1 ABS-CBN FPJ's Ang Probinsyano Mon - Fri 38.4
2 ABS-CBN Your Face Sounds Familiar Kids Sunday Sun 36.5
3 ABS-CBN Your Face Sounds Familiar Kids Saturday Sat 35.1
4 ABS-CBN Wansapanataym Sun 32.8
5 ABS-CBN MMK 25 Sat 30.6
6 ABS-CBN TV Patrol Weekday Mon - Fri 29.9
7 ABS-CBN My Dear Heart Mon - Fri 28.2
8 ABS-CBN Miss Universe Mon - Fri 27.4
9 ABS-CBN Home Sweetie Home Sat 25.4
10 ABS-CBN Magpahanggang Wakas Mon - Fri 25.0
11 GMA Encantadia Mon - Fri 24.8
12 ABS-CBN Goin' Bulilit Sun 23.3
13 GMA Magpakailanman Sat 21.2
14 ABS-CBN Wildflower Mon - Fri 21.6
15 GMA Pepito Manaloto Ang Tunay na Kwento Sat 20.9
16 GMA 24 Oras Weekday Mon - Fri 20.8
17 GMA Alyas Robinhood Mon - Fri 20.4
18 ABS-CBN Pinoy Big Brother Lucky Season 7 Dream Team The Big Night Sat & Sun 20.2
19 ABS-CBN TV Patrol Weekend Saturday Sat 20.0
20 ABS-CBN Rated K Handa Na Ba Kayo? Sun 19.8
TV Patrol & UKG: Most watched news programs
*TV Patrol ratings based on quarterly average
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2016 1Q 2017
PRIMETIME NATIONAL RATINGS
TV Patrol 24 Oras
-
2.0
4.0
6.0
2016 1Q 2017
MORNING NATIONAL RATINGS
Umagang Kay Ganda Unang Hirit
Sports & Action
• Leading local channel that provides real time update of various sports properties
• Adding new sports property through partnership deal with Premier Volleyball League.
• Sports Channel audience share continue to improve since beginning of the year. 2.6
2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5
JAN1-15
JAN16-31
FEB1-15
FEB16-28
MAR1-15
MAR16-31
Share
Cable ChannelsABS-CBN keeps lead in channel ratings among other cable channels and with over 346 active
cable operators nationwide
148
57
77
72
1Q 2016 1Q 2017
Revenue
Airtime Consumer
- 43%
5 cable channels included in the Top 15 list of
highest rated channels with Cinema One ranking Number 1
Rank Top Cable ChannelsRatings
%
1 Cinema One 0.7
2 Pinoy Box Office 0.6
3 Disney Channel 0.4
4 Cartoon Network 0.4
5 Star Movies 0.4
6 HBO 0.3
7 Fox Filipino 0.2
8 Disney Junior 0.2
9 Cinemo 0.2
10 Teleradyo 0.1
11 Jeepney TV 0.1
12 Basketball TV 0.1
13 Yey 0.1
14 National Geographic 0.1
15 Fox 0.1
Source: Kantar Media TV Audience Measurement – Cabled IndivsDate covered: 2015 – Mar 2017 (excluding Holy Week); 6AM – 12MN
MEDIA NOW ABS-CBN Cable
Ratings
2015 2016 1Q 2017
3.2 3.42.9
1.3 1.31.5
1,536
1,413
1Q 2016 1Q 2017
Revenue
7
31
1Q 2016 1Q 2017
Program Syndication
International Business
TFC ChannelsProgram Syndication Territories
- 8%+ 343%
ASIA AFRICA OTHERS
Cambodia Kenya Mexico
Indonesia Nigeria Peru
Malaysia Seychelles Kazakhstan
Myanmar Tanzania
Thailand Uganda
Vietnam
Middle East
- TFC Viewership remains at 3 millionlevel as of March 2017
- ABS-CBN Content now available in more than 50 countries
332300
1Q 2016 1Q 2017
Revenue
Film & Music
- 10%
PHP 600 million gross receipts from movies produced in 1Q 2017.
Star Music continuously providing quality albums.
2,069
2,299
1Q 2016 1Q 2017
Revenue
690 672
5 161 154
205
1Q 2016 1Q 2017
Sky Subscribers
Cable Cable - DTH Broadband
Cable, Satellite & Broadband
Total revenues grew
by P229M or
11% driven by a
33% increase in
broadband subscribers.
1.04M
Our broadband subscriber base continues to expand, growing by 22% in 1Q 2017.DTH subscribers reached 161k in 1Q.
+ 11%
+ 22%
849KSKY subscribers exclusive offerings
One Sky Sky MobiFly Away
1Q 2016 1Q 2017
Iwant TV TFC.TV
Activity PlatformNo. of
Subscribers
Watching 770,898
Watching
(Overseas)62,912
Watching 6,861
Listening and
watching51,668
Reading 1,071,643
Movie
CommunityComing soon
606
1,089
1Q 2016 1Q 2017
iWant TV and TFC.tv has 7Mcombined active subscribers to date spending an average of 320 minutes
per month
ABS-CBN.com remains the #1 Philippine based website across all categories in the Philippines
ABS-CBN digital properties
generated Php107M revenue in
2017, 26% up vs. last year, driven
mainly by news and corporate website
ABS-CBN Mobile ended the year
with over 1 million subscriber count
and over 5,000 activations
Digital and Interactive Media
ABS-CBN Mobile subscribers
6.9M +80%+35%
5.1M
59K 63K
Advertisers’ Choice
Advertisers’ Choice
Our events bring the ABS experience closer
to our audiences with over 80M revenues
generated in 1Q.
Generated P119M in total revenue in 1Q 2017,
77k attendance as of March. A total of 66 role
playing establishments with 115 activities.
Summer Promos
Consumer Products and Experiences
208
241
1Q 2016 1Q 2017
O-Shopping Revenue
• Continuously offers new products and promos to assure quality home TV shopping and online experience
• Generated P241M in
revenues, 15% higher
than 1Q 2016.
ABS-CBN Store now expanding distribution to
various pop-up stores across the metro.
Consumer Products and Experiences
+ 15%
Store Locations
Trinoma
Fishermall
Glorietta
Robinsons Ermita
Robinsons Imus
Spent Php 1.7B out of the Php 8.0B budget for 2017
Capital Expenditures
6,338
8,779
5,258
7,715
12,060
7,715 + 47%
69 1,077
486
3,302
1,103
3,647
1Q 2017 2017 BUDGET
Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others
8,026
1,658
Balance Sheet Highlights
72,73471,568
2016 1Q 2017
Total Assets
20,472 20,394
2016 1Q 2017
Total Borrowings
31,69230,952
2016 1Q 2017
Equity
Ratios 2016 1Q 2017
Current 2.02 2.02
Debt-to-Equity 0.65 0.66
Net Debt-to-Equity 0.30 0.33
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.
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