Full Year 2015 Investors Briefing Financial and Operating Results - - PowerPoint PPT Presentation

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Full Year 2015 Investors Briefing Financial and Operating Results - - PowerPoint PPT Presentation

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Full Year 2015 Investors Briefing Financial and Operating Results March 18, 2016 1 ABS-CBN Investor Presentation Revenues 14.1% 38,278 40,000 33,544 In PHP Millions 32,000 21,265 12.6% 18,880 24,000 56% 56% 16,000 16.0% 17,013

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SLIDE 1

Full Year 2015 Investor’s Briefing Financial and Operating Results March 18, 2016

ABS-CBN Investor Presentation 1

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SLIDE 2

ABS-CBN Investor Presentation

14,664 17,013 18,880 21,265

8,000 16,000 24,000 32,000 40,000 2014 2015

Ad Revenues Consumer Sales

2

Revenues

33,544

38,278 14.1%

12.6% 16.0%

56% 44% 56% 44% In PHP Millions

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SLIDE 3

Costs and Expenses

ABS-CBN Investor Presentation 3

10,114 11,778 9,248 11,474 11,008 11,434

8,000 16,000 24,000 32,000 40,000 48,000 2014 2015

Production Costs Cost of Sales & Services GAEX

16.4% 24.1% In PHP Millions

30,370 34,686

14.2% 3.9%

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SLIDE 4

2,030 2,545

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2014 2015

7,476 7,940

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2014 2015

Financial Summary

ABS-CBN Investor Presentation 4

33,544 38,278

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 2014 2015

Net Revenues

In PHP Millions

EBITDA Net Income

14.1% 6.2% 25.4%

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SLIDE 5

2,387 2,932

  • 500

1,000 1,500 2,000 2,500 3,000 3,500 2014 2015

Financial Summary

ABS-CBN Investor Presentation 5 In PHP Millions

22.8%

Net Income Attributable to Parent

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SLIDE 6

Business Segments - Reported

ABS-CBN Investor Presentation 6 * Numbers presented are net of ABS-CBNmobile TVCs.

TV and Studio remain strong with margins improving from 11.6% to 13.9%.

2015 2014 % Ch 2015 2014 % Ch 2015 2014 % Ch

  • A. TV and Studio

28,188 25,370 11.1% 7,315 6,350 15.2% 3,910 2,950 32.5% Margins 25.9% 25.0% 13.9% 11.6%

  • B. Pay TV Networks

8,083 7,764 4.1% 1,641 1,856

  • 11.6%

23 272

  • 91.5%

Margins 20.3% 23.9% 0.3% 3.5%

  • C. New Business

2,007 410 389.6%

  • 1,017
  • 730
  • 39.3%
  • 1,388
  • 1,192
  • 16.5%

TOTAL 38,278 33,544 14.1% 7,939 7,476 6.2% 2,545 2,030 25.4% Margins (net of DTT Sales) 21.5% 22.3% 6.9% 6.1% In Php Millions Revenues EBITDA Net Income

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SLIDE 7

17,092 19,675 2014 2015

Net Revenues

TV and Studio – Free-to-Air

ABS-CBN Investor Presentation 7

In PHP Millions 15.1% *Net of ABS-CBNmobile TVCs

4Q 2015 Programs

Broadcast revenues increased by 15.1% fuelled by ABS-CBN’s continued leadership in audience shares and ratings. Produced 10% more programming hours versus last year.

7,692 7,878

2014 2015

Production Costs

2.4%

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SLIDE 8

Audience Share

ABS-CBN Investor Presentation 8 Source: Kantar Media TV Measurement, Jan to Dec 2015 41.5 28.8 32.6

38.0 45.3 38.5

6.6 7.1 6.2 0.0 10.0 20.0 30.0 40.0 50.0 60.0 Total PH Mega Manila Metro ABS-CBN 2 GMA 7 TV 5 48.6 35.2 40.2

32.9 41.5 35.0

5.9 6.7 6.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 Total PH Mega Manila Metro ABS-CBN 2 GMA 7 TV 5

Total Day Primetime

ABS-CBN continues to be the clear leader in audience shares and ratings as more Philippine households tuned in to ABS-CBN during primetime.

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SLIDE 9

Ratings

ABS-CBN Investor Presentation 9 Source: Kantar Media TV Measurement, Jan to Dec 2015

Strong primetime programs widened the gap in ratings.

Ratings

Total Day Primetime 2014 2015 2014 2015

ABS-CBN 2 13.0 14.5 19.1 21.7

GMA 7 10.0 11.9 13.2 13.6 TV 5 2.7 2.5 2.6 3.1 Others 4.0 4.8 4.2 5.6

Ratings

Total Day Primetime 2014 2015 2014 2015

ABS-CBN 2 11.9 12.8 18.3 19.9

GMA 7 12.5 13.8 17.7 16.8 TV 5 3.8 2.8 3.9 3.7 Others 8.2 9.4 9.1 10.7

Ratings

Total Day Primetime 2014 2015 2014 2015

ABS-CBN 2 10.8 11.7 15.7 17.9 GMA 7 14.0 16.3 19.8 19.6 TV 5 4.0 3.2 4.1 4.2 Others 6.4 7.5 7.1 8.7

Total Philippines (Urban + Rural) Metro Manila Mega Manila

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SLIDE 10

Top Programs – ALL GENRES

ABS-CBN Investor Presentation 10

Rank Channel Program Share

1 ABS-CBN THE VOICE KIDS SUNDAY 42.7

Weekend

2 ABS-CBN THE VOICE KIDS SATURDAY 40.8

Weekend

3 ABS-CBN FPJ'S ANG PROBINSYANO 39.6

Weekday

4 ABS-CBN NATHANIEL 34.6

Weekday

5 ABS-CBN PANGAKO SA'YO 33.8

Weekday

6 ABS-CBN BOSES NG BULILIT MULING BIBIRIT 32.8

Weekend

7 ABS-CBN DANCE KIDS SATURDAY 31.6

Weekend

8 ABS-CBN DANCE KIDS SUNDAY 31.0

Weekend

9 ABS-CBN MMK ANG TAHANAN MO 30.7

Weekend

10 ABS-CBN DREAM DAD 29.9

Weekday

Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jan to Dec 2015

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SLIDE 11

TV and Studio – Global

ABS-CBN Investor Presentation 11

Global Viewership

5,651 5,976 2014 2015

Net Revenues

ASAP Live in London drew 10,000 to the SSE Wembley Arena

In PHP Millions 2,522 2,786 2,844 3,085

2012 2013 2014 2015

5.7%

Highest-grossing movie released overseas  Launched English-subtitled programs on TFC to engage non- Filipino speaking audiences.  With MYX TV, Global is committed to entertain millennials in fun, enjoyable and interesting ways with the launch of an Asian American reality show “I'm Asian American and...”.

Initiatives

3,399 3,682

2014 2015

Cost of Sales and Services

8.3%

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SLIDE 12

1,161 1,282 2014 2015

Net Revenues ABS-CBN Investor Presentation 12

TV and Studio - Films and Music

In PHP Millions

4Q’14 4Q’15 The Trial Everyday I Love You Past Tense A Second Chance Hari ng Tondo Beauty in a Bottle  Branded entertainment  TV rights  Retail Sales  Global and Sky pay-per-view  Digital sales  International syndication

Non-theatrical revenues increased by 14%

10.5% 454 468

2014 2015

Costs of Sales and Services

3.1%

Strong 4th Quarter 2015 releases generating more than Php 600M in theatrical sales

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SLIDE 13

Pay TV Networks - SkyCable

7,764 8,083 2014 2015

Net Revenues ABS-CBN Investor Presentation 13

In PHP Millions 4.1% 7.3%

SKY broadband revenues grew 30% in 2015.  DTH License released last December 2015

  • will expand reach around the country.
  • to roll-out its DTH service within the year

99 143

  • 20

40 60 80 100 120 140 160 180

2014 2015

Thousands

Broadband Subscribers

7,360 7,898

2014 2015

Costs and Expenses

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SLIDE 14
  • More than 1 milion boxes sold to

date.

  • Plans for 4 more transmitters in the

Vis Min Area over the next six months.

Digital Terrestrial TV (DTT)

ABS-CBN Investor Presentation 14

COVERAGE AREA Benguet Pangasinan Tarlac Nueva Ecija Pampanga Bulacan Metro Manila (3) Rizal Cavite Laguna Metro Cebu

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SLIDE 15

Digital Terrestrial TV (DTT)

ABS-CBN Investor Presentation 15

We Will Open Up 4 Additional Vis-Min Sites in 2016

GUIMARAS – APRIL 2016 CAGAYAN DE ORO – APRIL 2016 BACOLOD – MARCH 2016 DAVAO – DEC 2016 DAVAO (3.5kw) – JANUARY 21, 2016

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SLIDE 16

ABS-CBN Investor Presentation 16

KEY PARTNERSHIPS

37,128 41,629 45,484 39,938 44,326

10,000 20,000 30,000 40,000 50,000 Jul-Aug '15 Sep '15 Oct '15 Nov '15 Dec'15

2015 Visitor Attendance

KidZania Manila has more than 40 industry partners to date, including:

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SLIDE 17

ABS-CBN Investor Presentation 17 In Thousands 42 40 41 65 77 95 103 107 110 104 96 97

  • 20

40 60 80 100 120

  • 400

800 1,200 1,600 2,000 2,400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec EOP ARPU

ABS-CBN Mobile Exclusive Content and iWant TV Videos on Demand

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SLIDE 18

Capital Expenditures

ABS-CBN Investor Presentation 18 514

1,180 2,863 3,369 1,881 4,230

  • 2,000

4,000 6,000 8,000 10,000

2015 2016 BUDGET

Program Rights Pay TV Digital Initiatives, Maintenance and Others

8.8 billion

5.3 billion

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SLIDE 19

Balance Sheet Highlights

ABS-CBN Investor Presentation 19

Ratios 2014 2015 Current 2.1 1.8 Debt-to-Equity 0.8 0.7 Net Debt-to-Equity 0.3 0.3

In PHP Millions 67,237 70,424

10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 2014 2015

Total Assets

20,325 20,530

5,000 10,000 15,000 20,000 25,000 30,000 2014 2015

Total Borrowings

26,875 28,715

5,000 10,000 15,000 20,000 25,000 30,000 2014 2015

Equity

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SLIDE 20

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.

ABS-CBN Investor Presentation 20

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SLIDE 21

THE END

ABS-CBN Investor Presentation 21