1 st Quarter 2015 Investors Briefing Financial and Operating Results - PowerPoint PPT Presentation

1 st Quarter 2015 Investor’s Briefing Financial and Operating Results May 7, 2015 1 ABS-CBN Investor Presentation

Revenues - Reported For the period ended March 31, 2015 9,000 8,391 8,191 2.4% 8,000 7,000 4,255 4,111 6,000 3.5% 5,000 4,000 3,000 4,080 4,136 2,000 1.4% 1,000 0 1Q'14 1Q'15 Ad Revenues Consumer Sales 2 ABS-CBN Investor Presentation

Costs and Expenses For the period ended March 31, 2015 Production costs down 3.4% 9,000 7,621 2.8% 7,416 8,000 7,000 Production 3.4% 2,648 2,740 6,000 Costs 5,000 4,000 2,639 12.5% 2,345 Cost of Sales 3,000 & Services 2,000 2,331 2,334 1,000 GAEX 0.1% 0 1Q'14 1Q'15 3 ABS-CBN Investor Presentation

Financial Summary For the period ended March 31, 2015 In PHP Millions Net Revenues EBITDA Net Income 3,000 10,000 1,000 2.4% 9,000 900 2,500 8,000 800 7,000 3.3% 700 2,000 5.8% 6,000 600 1,500 5,000 500 8,391 8,191 4,000 400 1,000 1,823 3,000 1,764 300 569 538 2,000 200 500 1,000 100 0 0 0 1Q'14 1Q'15 1Q'14 1Q'15 1Q'14 1Q'15 4 ABS-CBN Investor Presentation

Business Segments - Reported For the period ended March 31, 2015 Our TV and Studio business has continued to strengthen… Revenues EBITDA Net Income In Php Millions 1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch A. TV and Studio 6,130 6,287 -2.5% 1,659 1,565 6.0% 902 720 25.3% Margins 27.1% 24.9% 14.7% 11.5% B. Pay TV Networks 1,960 1,838 6.6% 411 415 -1.0% 17 41 -58.5% Margins 21.0% 22.6% 0.9% 2.2% C. New Businesses 442 105 321.0% -247 -216 -14.4% -350 -223 57.0% D. Eliminations -141 -39 TOTAL 8,391 8,191 2.4% 1,823 1,764 3.3% 569 538 5.8% Margins 21.7% 21.5% 6.8% 6.6% *** Numbers presented are net of ABS-CBN mobile TVCs. 5 ABS-CBN Investor Presentation

TV and Studio - Broadcast In PHP Millions Broadcast revenues increased by 1.8% Net Revenues Direct Costs fuelled by ABS- CBN’s continued leadership in audience shares and 1.8% ratings. For primetime, Ch2 continues 1.4% to lead in audience share receiving 49% share nationwide . 2,744 3,997 4,067 2,706 With the company’s continuous cost reduction initiatives, production costs declined by 1.4%. 1Q'14 1Q'15 1Q'14 1Q'15 * Net of ABS-CBNmobile TVCs 1 st Quarter Highlights New Concept: Musical competition that transforms celebrities to be able impersonate musical icons. 6 ABS-CBN Investor Presentation

TV and Studio - Broadcast 1 st Quarter 2015 Top 10 Programs Rank Channel Program Share 1 ABS-CBN DREAM DAD 29.4 Weekday 1 st Quarter 2015 Audience Share 2 ABS-CBN FOREVERMORE 28.2 Weekday YOUR FACE SOUNDS 3 ABS-CBN 27.5 Weekend FAMILIAR SUNDAY TOTAL DAY PRIMETIME CHANNELS 4 ABS-CBN MMK ANG TAHANAN MO 27.1 Weekend Total Total Mega Metro Mega Metro PH PH YOUR FACE SOUNDS 5 ABS-CBN 26.1 Weekend FAMILIAR SATURDAY ABS-CBN 2 42 31 33 49 34 37 6 ABS-CBN TV PATROL WEEKDAY 25.2 Weekday THE VOICE OF THE GMA 7 35 40 35 32 40 35 7 ABS-CBN 23.7 Weekend PHILIPPINES SUNDAY TV 5 9 12 10 8 10 10 RATED K HANDA NA BA 8 ABS-CBN 23.5 Weekend KAYO? Others 14 18 23 11 17 20 9 ANG TINIG NATIN THE ABS-CBN ULTIMATE KAPAMILYA SONG 23.0 Weekend HITS 10 ABS-CBN Bridges of Love 22.9 Weekday Source: Kantar Media, January – March 2015 7 ABS-CBN Investor Presentation

TV and Studio - Global In PHP Millions Net Revenues Cost of Sales and Services Global’s subscription business continues to grow, increasing by 13.5% 2% versus last year. 13.1% Overall viewership count increased by 3%. We continue to 1,515 1,311 experience a double-digit 890 subscriber growth in Canada, and 773 single-digit growth in other territories. 1Q'14 1Q'15 1Q'14 1Q'15 Global Viewership Movies Distributed for the 1 st Quarter 2,990 2,844 1Q’14 1Q’15 2,786 Girl Boy Bakla Tomboy Praybeyt Benjamin 2 2,522 Bride for Rent Feng Shui Starting Over Again Crazy Beautiful You 2012 2013 2014 1Q'15 8 ABS-CBN Investor Presentation

TV and Studio - Films and Music In PHP Millions Net Revenues Costs of Sales and Services For the 1 st quarter of 2015, the group released 4 movies and distributed Cinema One’s highly 30.0% acclaimed movie That Thing Called Tadhana. 37.0% 660 The group was able to maintain its 462 297 margin as it continues to be aware 187 of the company’s cost management initiatives. 1Q'14 1Q'15 1Q'14 1Q'15 1 st Quarter Releases 1Q’14 1Q’15 Girl Boy Bakla Tomboy Praybeyt Benjamin 2 Pagpag Feng Shui Bride for Rent Crazy Beautiful You Starting Over Again Halik sa Hangin * Sa Ngalan ng Ama * That Thing Called Tadhana * Distribution only. 9 ABS-CBN Investor Presentation

TV and Studio - Narrowcast and Sports In PHP Millions The release of Cinema One’s original Net Revenues Direct Costs movie “ That Thing Called Tadhana ” in the mainstream cinemas fuelled 27.8% the growth for the group with more that Php1 00M in box office sales. 10.7% Our publishing arm’s venture into 299 consumer books further drove the 234 165 149 revenues with successful releases such as “Stupid is Forever” and “Dear Alex”. 1Q'14 1Q'15 1Q'14 1Q'15 “Stupid is Forever” broke sales records with over 150,000 copies sold in eight weeks from its launch 10 ABS-CBN Investor Presentation

Pay TV Networks - SkyCable In PHP Millions Total revenues grew by Php Net Revenues Costs and Expenses 122M driven by a 5% increase in cable revenues and 34% 6.6% increase in broadband 9.3% revenues. 1,960 1,838 Our broadband subscriber base 1,343 1,229 continues to expand, growing by 28% in 2015. 1Q'14 1Q'15 1Q'14 1Q'15 Over 40 HD channels 1 st Qtr Cable and Broadband Subscribers currently being offered Cable + Broadband 873 858 1Q'14 1Q'15 11 ABS-CBN Investor Presentation

Digital Terrestrial TV (DTT) • Launched February 2015 . • More than 300,000 boxes to date. • Target: 1M boxes by year-end. • We aim to put up 5 more transmitters in the Vis Min Area by end of this year. TRANSFORMATIVE EXPERIENCE FOR THE FAMILY - Viewing clarity - New channels - No monthly fee 12 ABS-CBN Investor Presentation

EOP ARPU 2,000 100 1,581 1,481 1,600 80 In Thousands 1,237 1,200 60 42 41 40 800 40 400 20 - - Jan Feb Mar 13 ABS-CBN Investor Presentation

Capital Expenditures Spent Php 1.5B out of the Php 8.5 budget for 2015 4,500 4,095 4,000 In PHP Millions 3,149 3,500 3,000 2,500 3,675 2,264 2,000 1,212 1,500 1,000 1,062 500 885 420 150 - Program Rights Pay TV and Digital Initiative Maintenance and Others 1Q'15 Remaining Balance 14 ABS-CBN Investor Presentation

Balance Sheet Highlights In PHP Millions Total Borrowings Equity Total Assets 30,000 30,000 80,000 70,000 25,000 25,000 60,000 20,000 20,000 50,000 15,000 40,000 15,000 26,875 26,512 68,126 67,237 30,000 20,325 20,308 10,000 10,000 20,000 5,000 5,000 10,000 0 0 0 2014 1Q'15 2014 1Q'15 2014 1Q'15 Cash 20,000 Ratios 2014 1Q’15 16,000 Current 2.1 1.9 12,000 Debt-to-Equity 0.8 0.8 8,000 Net Debt-to-Equity 0.3 0.3 13,238 12,675 4,000 0 2014 1Q'15 15 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. 16 ABS-CBN Investor Presentation

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