ABS-CBN Broadcasting Corporation Sgt. Esguerra Avenue, Quezon City, - - PDF document

ABS-CBN Broadcasting Corporation

• Sgt. Esguerra Avenue, Quezon City, Philippines

August 12, 2009 To: Listing & Disclosures Department Philippine Stock Exchange, Inc. Exchange Road, Ortigas Center, Pasig City Attn:

• Ms. Janet A. Encarnacion

Head, Disclosure Department From: ABS-CBN Broadcasting Corporation Tel No.: (632) 924-4101/415-2272 Fax No.: (632) 431-9368 Subject: 1H 2009 Analysts’ and Press Briefing Presentation Materials Gentlemen / Ladies: Please find enclosed the presentation materials we used during the 1H 2009 Analysts’ and Press Briefing held at the Chronicle Lounge of ABS-CBN Broadcasting Corporation on August 12, 2009. Very truly yours, Charles A. Gamo Head, Investor Relations and Corporate Planning

1H
2009
Financial
&
Opera2ng
Results

The
Chronicle
Lounge,
14/F
ELJ
Communications
Center 
ABS‐CBN
Broadcast
Center 12
August
2009

Php11.7
billion

1H
2009
Consolidated
Revenue

14%
year‐on‐year

Consolidated
Revenues

Air$me
Revenues 57% Direct
Sales 43%

SkyCable (Direct
Sales) 15%

Strengthened
Channel
2
Offerings

Empowering,
inspiring
and
compelling
prime2me
dramas Premium
programs
on
weekday
aSernoons

Reinforced
Na2onal
Leadership

TNS
Na&onal
Urban
Philippines
TV
Audience
Ra&ngs

Note:
April
2009
ra2ngs
and
shares
exclude
Holy
Week
(April
5
to
11)

Apr 09 May 09 Jun 09 Jul 09

14.1 13.6 13.3 13.0 17.8 18.0 18.2 18.6

Apr 09 May 09 Jun 09 Jul 09

21.9 20.5 19.9 19.8 29.6 28.9 29.7 30.2 Total
Day
Ra2ngs

(6am
to
12mn)

Prime2me
Ra2ngs

(6pm
to
11pm)

ABS-CBN GMA

Reinforced
Na2onal
Leadership

TNS
Na&onal
Urban
Philippines
TV
Audience
Shares

Note:
April
2009
ra2ngs
and
shares
exclude
Holy
Week
(April
5
to
11)

Apr 09 May 09 Jun 09 Jul 09

35 33 33 33 44 44 45 47

Apr 09 May 09 Jun 09 Jul 09

36 34 34 33 49 48 50 51 Total
Day
Shares

(6am
to
12mn)

Prime2me
Shares

(6pm
to
11pm)

ABS-CBN GMA

All
of
the
Top
10
in
Na2onal
Ra2ngs
are
from
ABS‐CBN

Na2onal
Urban
Philippines’
Top
Programs
(July
2009)

RANK CHANNEL PROGRAM RTG% SHR%

1 ABS‐CBN MAY
BUKAS
PA 39.5 55 2 ABS‐CBN ONLY
YOU 36.2 52 3 ABS‐CBN TV
PATROL
WORLD 35.6 55 4 ABS‐CBN TAYONG
DALAWA 35.1 55 5 ABS‐CBN RATED
K
HANDA
NA
BA
KAYO? 32.1 49 6 ABS‐CBN MAALAALA
MO
KAYA... 30.2 44 7 ABS‐CBN BOYS
OVER
FLOWERS 29.0 57 8 ABS‐CBN THE
SINGING
BEE
(SUNDAY) 28.1 46 9 ABS‐CBN THE
SINGING
BEE
(SATURDAY) 27.1 43 10 ABS‐CBN WOWOWEE 25.6 53 11 ABS‐CBN SHARON 25.2 44

12 GMA ZORRO 24.5 34

13 ABS‐CBN JIM
HERNANDEZ'S
KAMBAL
SA
UMA 24.4 55

14 GMA CARLO
J.
CAPARAS'S
TOTOY
BATO 24.1 35

15 ABS‐CBN XXX
(EXKLUSIBONG
EXPLOSIBONG
EXPOSE) 23.1 43

16 GMA 24
ORAS 22.9 35

17 ABS‐CBN MARS
RAVELO'S
NASAAN
KA
MARUJA? 22.5 45

18 GMA ROSALINDA 22.2 33 19 GMA KAPUSO
MO,
JESSICA
SOHO 21.9 35

20 ABS‐CBN GOIN'
BULILIT 21.1 43

Contribu2ng
to
Na2on‐Building

Na2onwide
campaign
for
vigilance
and
ci2zen
empowerment through
Voter
Educa2on
and
Increased
Voter
Registra2on

21,000
volunteer
Boto
Patrollers Leadership
Forums
of
2010
Presiden2ables
on
ANC Increased
voter
registra2on

Delivering
Another
Historic
First

The
first
and
only
Philippine
network
 with
a
full‐HD
Outside
Broadcast
Van UAAP
and
NCAA
live
on
high
defini2on


• n
SkyCable
Channel
166

Radio

Latest
Nielsen
Media
Research
Mega
 Manila
radio
audience
survey
show:

DZMM
is
the
#1
AM
sta2on
 WRR
regaining
#2
posi2on
among
FM
sta2ons

DZMM
Teleradyo
is
the
highest
ra2ng
 cable
news
channel
in
Mega
Manila 
 Already
available
in
over
200
cable
 systems
na2onwide

Record‐Breaking
Air2me
Revenue

Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09

Php1.4
billion
 in
May
2009

Consolidated
Air2me
Revenues

in
Php
Millions 4,000 5,000 6,000 7,000 8,000

1H 2008 1H 2009

510 394 6,151 5,946 6,719 6,365

Parent Other Platforms SkyCable

58 25

6%
YoY

Direct
Sales

in
Php
Millions
(without
SkyCable) 500 1,750 3,000 4,250 5,500

1H 2008 1H 2009

3,235 3,036

Direct Sales

3,235 3,036

7%
YoY

10%
growth
in
sale
of
services
and
goods
in
Peso
terms 8%
growth
in
total
subscrip2ons
despite
recession
in
most
 developed
economies

ABS‐CBN
Film
Produc2ons
Inc.

3
of
5
films
released
in
1H
2009
surpassed
 Php100
million
in
gross
box
office
receipts

Direct
Sales

500 1,750 3,000 4,250 5,500

1H 2008 1H 2009

1,732 854 3,235 3,036 4,967 3,889

Direct Sales SkyCable

28%
YoY

in
Php
Millions
(with
SkyCable)

Total
Expenses

in
Php
Millions
(without
SkyCable) 3,000 6,000 9,000 12,000

1,438 1,743 2,553 2,939 8,673 1,187 1,593 2,443 2,949 8,171

1H 2008 1H 2009

Total
 Expenses Produc2on
 Cost GAEX Cost
of
Sales
 and
Services All
Other
 Expenses

5%
YoY 9%
YoY 21%
YoY 6%
YoY 0.3%
YoY

Total
Expenses

in
Php
Millions
(with
SkyCable) 3,000 6,000 9,000 12,000

1,472 2,365 3,640 2,939 10,415 1,254 1,849 2,932 2,949 8,984

Total
 Expenses Produc2on
 Cost GAEX Cost
of
Sales
 and
Services Other
 Expenses

1H 2008 1H 2009

24%
YoY 16%
YoY 28%
YoY 17%
YoY 0.3%
YoY

3,000 6,000 9,000 12,000

1,438 1,743 2,553 2,939 8,673 1,187 1,593 2,443 2,949 8,171

1,000 2,000 3,000 4,000

701 934 1,304 2,939 603 1,037 1,309 2,949

Total Production Cost Personnel Expenses and Talent Fees Facilities-Related and Other Program Expenses Non-Cash Expenses

1H 2008 1H 2009

Produc2on
Cost

in
Php
Millions

16%
YoY 10%
YoY 0.4%
YoY 0.3%
YoY

500 1,000 1,500 2,000 2,500

739 1,005 1,743 688 904 1,593

1H 2008 1H 2009

Total Cost of Sales and Services ABS-CBN Global Other Subsidiaries

Cost
of
Sales
and
Services

in
Php
Millions
(without
SkyCable)

9%
YoY 11%
YoY 7%
YoY

Cost
of
Sales
and
Services

in
Php
Millions
(with
SkyCable) 500 1,000 1,500 2,000 2,500

621 739 1,005 2,365 256 688 904 1,849

Total Cost of Sales and Services ABS-CBN Global Other Subsidiaries SkyCable

143%
YoY 28%
YoY 11%
YoY 7%
YoY

500 1,000 1,500 2,000 2,500

621 739 1,005 1,743 256 688 904 1,593

1H 2008 1H 2009

1,000 2,000 3,000 4,000

GAEX Cash Non-Cash

359 2,194 2,553 294 2,148 2,442

1H 2008 1H 2009

GAEX

in
Php
Millions
(without
SkyCable)

5%
YoY 2%
YoY 22%
YoY

GAEX

in
Php
Millions
(with
SkyCable) 1,000 2,000 3,000 4,000

GAEX Cash Non-Cash

750 2,890 3,640 417 2,515 2,932 24%
YoY 15%
YoY 80%
YoY

1,000 2,000 3,000 4,000

GAEX Cash Non-Cash

359 2,194 2,553 294 2,148 2,442

1H 2008 1H 2009

754 813

Net Income

Net
Income
and
EBITDA

in
Php
Millions

1H
2008 1H
2009

2,677 3,369

EBITDA

26%
YoY 8%
YoY

Balance
Sheet
Accounts

Total Assets Cash and Equivalents Trade Receivables DSO Total Interest Bearing Debt Shareholders’ Equity Net Debt-to-Equity Ratio

Php 34.8B 6% Php 3.4B 37% Php 5.2B 13% 80 days 5 days Php 9.5B 9% Php15.3B 1% 0.40x 0.01x

End‐2008
vs
End‐1H09

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