1 st Quarter 2015 Investors Briefing Financial and Operating Results - - PowerPoint PPT Presentation
1 st Quarter 2015 Investors 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%
1st Quarter 2015 Investor’s Briefing Financial and Operating Results May 7, 2015
ABS-CBN Investor Presentation 1
4,080 4,136 4,111 4,255
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 1Q'14 1Q'15 Ad Revenues Consumer Sales ABS-CBN Investor Presentation 2
8,191 8,391
2.4% 3.5% 1.4% For the period ended March 31, 2015
2,331 2,334 2,345 2,639 2,740 2,648
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 1Q'14 1Q'15 3.4%
ABS-CBN Investor Presentation 3
For the period ended March 31, 2015
Production Costs Cost of Sales & Services GAEX
0.1%
12.5%
7,416 7,621
2.8%
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Net Revenues
In PHP Millions
For the period ended March 31, 2015
538 569
100 200 300 400 500 600 700 800 900 1,000 1Q'14 1Q'15
EBITDA Net Income
1,764 1,823
500 1,000 1,500 2,000 2,500 3,000 1Q'14 1Q'15
2.4% 3.3% 5.8% 8,191 8,391
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 1Q'14 1Q'15
ABS-CBN Investor Presentation 5 In Php Millions Revenues EBITDA Net Income 1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch 1Q'15 1Q'14 % Ch
6,130 6,287
1,659 1,565 6.0% 902 720 25.3% Margins 27.1% 24.9% 14.7% 11.5%
1,960 1,838 6.6% 411 415
17 41
Margins 21.0% 22.6% 0.9% 2.2%
442 105 321.0%
57.0%
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-CBNmobile TVCs. For the period ended March 31, 2015
ABS-CBN Investor Presentation 6
In PHP Millions
Broadcast revenues increased by 1.8% fuelled by ABS-CBN’s continued leadership in audience shares and
to lead in audience share receiving
49% share nationwide.
With the company’s continuous cost reduction initiatives, production costs declined by 1.4%.
3,997 4,067
1Q'14 1Q'15
Net Revenues 2,744 2,706
1Q'14 1Q'15
Direct Costs
1.4% 1.8%
1st Quarter Highlights
* Net of ABS-CBNmobile TVCs
New Concept: Musical competition that transforms celebrities to be able impersonate musical icons.
ABS-CBN Investor Presentation 7
1st Quarter 2015 Top 10 Programs
Rank Channel Program Share
1 ABS-CBN DREAM DAD 29.4 Weekday 2 ABS-CBN FOREVERMORE 28.2 Weekday 3 ABS-CBN YOUR FACE SOUNDS FAMILIAR SUNDAY 27.5 Weekend 4 ABS-CBN MMK ANG TAHANAN MO 27.1 Weekend 5 ABS-CBN YOUR FACE SOUNDS FAMILIAR SATURDAY 26.1 Weekend 6 ABS-CBN TV PATROL WEEKDAY 25.2 Weekday 7 ABS-CBN THE VOICE OF THE PHILIPPINES SUNDAY 23.7 Weekend 8 ABS-CBN RATED K HANDA NA BA KAYO? 23.5 Weekend 9 ABS-CBN ANG TINIG NATIN THE ULTIMATE KAPAMILYA SONG HITS 23.0 Weekend 10 ABS-CBN Bridges of Love 22.9 Weekday
Source: Kantar Media, January – March 2015
CHANNELS
TOTAL DAY PRIMETIME
Total PH Mega Metro Total PH Mega Metro
ABS-CBN 2 42 31 33 49 34 37
GMA 7 35 40 35 32 40 35 TV 5 9 12 10 8 10 10 Others 14 18 23 11 17 20
1st Quarter 2015 Audience Share
ABS-CBN Investor Presentation 8 1,515 1,311
1Q'14 1Q'15
Net Revenues
Global Viewership
890 773
1Q'14 1Q'15
Cost of Sales and Services
Global’s subscription business continues to grow, increasing by 2% versus last year. Overall viewership count increased by 3%. We continue to experience a double-digit subscriber growth in Canada, and single-digit growth in other territories.
2,522 2,786 2,844 2,990 2012 2013 2014 1Q'15
In PHP Millions 13.5% 13.1%
Movies Distributed for the 1st Quarter 1Q’14 1Q’15 Girl Boy Bakla Tomboy Praybeyt Benjamin 2 Bride for Rent Feng Shui Starting Over Again Crazy Beautiful You
297 187
1Q'14 1Q'15
Costs of Sales and Services ABS-CBN Investor Presentation 9
For the 1st quarter of 2015, the group released 4 movies and distributed Cinema One’s highly acclaimed movie That Thing Called Tadhana. The group was able to maintain its margin as it continues to be aware
initiatives.
In PHP Millions 37.0% 30.0%
660 462
1Q'14 1Q'15
Net Revenues
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
1st Quarter Releases
* Distribution only.
ABS-CBN Investor Presentation 10 234 299
1Q'14 1Q'15
Net Revenues
27.8% In PHP Millions
The release of Cinema One’s original movie “That Thing Called Tadhana” in the mainstream cinemas fuelled the growth for the group with more that Php1 00M in box office sales. Our publishing arm’s venture into consumer books further drove the revenues with successful releases such as “Stupid is Forever” and “Dear Alex”.
149 165
1Q'14 1Q'15
Direct Costs
10.7%
“Stupid is Forever” broke sales records with over 150,000 copies sold in eight weeks from its launch
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In PHP Millions
1,838 1,960
1Q'14 1Q'15
Net Revenues
Total revenues grew by Php 122M driven by a 5% increase in cable revenues and 34% increase in broadband revenues. Our broadband subscriber base continues to expand, growing by 28% in 2015.
6.6%
1,229 1,343
1Q'14 1Q'15
Costs and Expenses 858 873 1Q'14 1Q'15
9.3%
Over 40 HD channels currently being offered
1st Qtr Cable and Broadband Subscribers
Cable + Broadband
Vis Min Area by end of this year.
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ABS-CBN Investor Presentation 13 1,581 1,481 1,237 42 40 41
40 60 80 100
800 1,200 1,600 2,000 Jan Feb Mar
EOP ARPU
In Thousands
ABS-CBN Investor Presentation 14 In PHP Millions
150 885 420
1,062 2,264 3,675
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Program Rights Pay TV and Digital Initiative Maintenance and Others 1Q'15 Remaining Balance
1,212 3,149 4,095
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Ratios 2014 1Q’15 Current 2.1 1.9 Debt-to-Equity 0.8 0.8 Net Debt-to-Equity 0.3 0.3
In PHP Millions 67,237 68,126
10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 2014 1Q'15
Total Assets
20,325 20,308
5,000 10,000 15,000 20,000 25,000 30,000 2014 1Q'15
Total Borrowings
26,875 26,512
5,000 10,000 15,000 20,000 25,000 30,000 2014 1Q'15
Equity
13,238 12,675
4,000 8,000 12,000 16,000 20,000 2014 1Q'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.
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