abs: 2014 performance

8/9/2019 ABS: 2014 performance

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14,046 14,664

18,049

18,880

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2013 2014

Ad Revenues Consumer Sales

ABS-CBN Investor Presentation2

Revenues – Excl. Pol Ads

56% 56%

44%44%

32,094 33,544 4.5%

4.6%

4.4%

For the year ended December 31, 2014



14,046 14,664

19,332 18,880

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2013 2014

Ad Revenues Consumer Sales


Revenues - Reported

58% 56%

42%44%

33,378 33,544 0.5%

2.3%

4.4%


2014 revenues higher than the previous election year



Costs and Expenses


9,615 10,114

9,184 9,247

11,499 11,008

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2013 2014


Production

Costs

Cost of Sales

& Services

GAEX

4.3%

5.2%

0.7%

30,298 30,3690.2%

Production costs down 4.3%



1,430

2,030

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2013 2014

32,095 33,544

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2013 2014

Financial Summary – Excl. Pol Ads


Net Revenues

In PHP Millions


Costs and Expenses Net Income

Excluding election-related advertisements, 2014 revenues grew by 4.5% due to the

strong performance of broadcast group, films both locally and internationally and

further supported by the performance of Sky Cable.

4.5%

29,870 30,369

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2013 2014

1.7%

42.0%



33,378 33,544

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2013 2014

30,298 30,369

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2013 2014

Financial Summary


Net Revenues

In PHP Millions


2,028 2,030

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2013 2014

Costs and Expenses Net Income

0.5%

0.2%

0.1%



Business Segments – Excl. Pol Ads


In Php Millions

Revenues EBITDA Net Income

2014 2013 % Ch 2014 2013 % Ch 2014 2013 % Ch

A. TV and Studio 25,555 24,804 3.0% 6,376 5,598 13.9% 2,976 2,137 39.3%

Margins 25.0% 22.6% 11.6% 8.6%

B. Pay TV Networks 7,764 6,937 11.9% 1,856 1,644 12.9% 272 247 10.1%

Margins 23.9% 23.7% 3.5% 3.6%

C. New Businesses 442 545 -18.9% -756 -899 -15.9% -1,218 -954 27.7%

D. Eliminations -217 -192

TOTAL 33,544 32,094 4.5% 7,476 6,343 17.9% 2,030 1,430 41.9%

Margins 22.3% 19.8% 6.1% 4.5%

*** Numbers presented are net of ABS-CBNmobile TVCs.

Our TV and Studio business has continued to strengthen…




Business Segments - Reported


In Php Millions

Revenues EBITDA Net Income

2014 2013 % Ch 2014 2013 % Ch 2014 2013 % Ch

A. TV and Studio 25,555 26,087 -2.0% 6,376 6,452 -1.2% 2,976 2,735 8.8%

Margins 25.0% 24.7% 11.6% 10.5%

B. Pay TV Networks 7,764 6,937 11.9% 1,856 1,644 12.9% 272 247 10.1%

Margins 23.9% 23.7% 3.5% 3.6%

C. New Businesses 442 545 -18.9% -756 -899 -15.9% -1,218 -954 27.6%

D. Eliminations -217 -192

TOTAL 33,544 33,377 0.5% 7,476 7,197 3.9% 2,030 2,028 0.1%

Margins 22.3% 21.6% 6.1% 6.1%

*** Numbers presented are net of ABS-CBNmobile TVCs.




11,088 10,495

2013 2014

Direct Costs

TV and Studio - Broadcast


In PHP Millions

With the company’s continuous

cost reduction initiatives,production costs declined by

5.3%.

For primetime, Ch2 continues to

lead in audience share receiving

49% share nationwide.

17,743 17,976

2013 2014

Net Revenues

5.3%1.3%

Highest 3rd Primetime Slot Share

36.2% Finale and

30.8% Finale week

Highest rated program

34.9%

2014 Highlights

Introduced new talents





2014

AudienceShare

CHANNELSTOTAL DAY PRIMETIME

Total PHMega

Manila

Metro

Manila

Total

PH

Mega

Manila

Metro

Manila

ABS-CBN 2 44 31 33 49 34 37

GMA 7 34 40 35 32 40 35

TV 5 9 12 10 8 10 10

Others 14 18 23 11 17 20

Source: Kantar Media, January – December 2014

CHANNELSTOTAL DAY PRIMETIME

Total PHMega

Manila

Metro

Manila

Total

PH

Mega

Manila

Metro

ManilaABS-CBN 2 42 30 32 47 33 35

GMA 7 33 38 35 31 38 35

TV 5 10 13 12 9 12 11

Others 15 19 22 13 18 20

2013

Audience

Share

ABS-CBN has further solidified its leadership in terms of

national total day and primetime audience share





Source: Kantar Media, January – December 2014

2014 Top 10 Programs

Rank Channel Program Share

1 ABS-CBN THE VOICE KIDS SUNDAY 34.9 Weekend

2ABS-CBN THE VOICE KIDS SATURDAY 34.0 Weekend

GMA 7 Pacquiao versus Algieri 34.0 Weekend

3 ABS-CBN HONESTO 31.7 Weekday

4 ABS-CBN MARS RAVELO'S DYESEBEL 30.1 Weekday5 ABS-CBN BOSES NG BULILIT KAMI ULIT! 28.9 Weekend

6 ABS-CBN IKAW LAMANG 28.4 Weekday

7 ABS-CBN GOT TO BELIEVE 28.3 Weekday

8 ABS-CBN HAWAK KAMAY 28.1 Weekday

9 ABS-CBNMMK ANG TAHANAN MO 28.0 Weekend

THE VOICE OF PH 28.0 Weekend

10 ABS-CBN PBB ALL IN 27.9 Weekend



5,527 5,651

2013 2014

Net Revenues

TV and Studio - Global


Global Viewership

The success of internationalreleases played a major role in

boosting the revenue of our

Global business (12 movies

screened across the Global

Regions in 2014 vs 8 in 2013)

In PHP Millions

3,341 3,399

2013 2014

Cost of Sales and Servies

2.2%1.7%

Anti-Piracy Initiatives

$12M federal lawsuits filed

against 18 pirate sites

$10M judgment won in

Oregon, USA

Search and seizure of

pirate DVDs from Mary

Smith in Australia

$25M anti-piracy legal

victory in New Zealand

2,449

2,522

2,7862,844

2011 2012 2013 2014

Global Events



586 598

2013 2014

Costs of Sales and Services

1,1581,355

2013 2014

Net Revenues


The group’s margin continue to

improve with the steep

increase in revenues by 17%

driven by strong local theatrical

sales of Star Cinema movies.

In 2014, the group released

and distributed a total of 16

movies.

TV and Studio - Films and Music

In PHP Millions

2.0%

17.0%

3 movies breached the Php 300M mark Mounted one of the

most successful concerts

for the year.

Albums released



Pay TV Networks - SkyCable

6,9377,764

2013 2014

Net Revenues


In PHP Millions

Total revenues grew by Php

827M driven by a 8% increase

in cable revenues and 37%increase in broadband

revenues.

Our broadband subscriber base

continues to expand, growing

by 24% in 2014.

11.9%

4,484 5,014

2013 2014

Costs and Expenses

11.8%

842 874

-

200

400

600

800

1,000

1,200

2013 2014

T h o u s a n d s

Over 40 HD channels

currently being offered

2014 Cable and Broadband Subscribers

Cable +Broadband



• Implementing Rules and Regulations released

last December 17, 2014.

• Launched February 2015.

• More than 200,000 boxes to date.

• Target: 1M boxes by year-end.

Digital Terrestrial TV (DTT)


- Viewing clarity- New channels

- No monthly fee

TRANSFORMATIVE

EXPERIENCE FOR

THE FAMILY



A Complete Range of Entertainment & Information Content





Over 1.5M subs as ofend December 2014

with ARPU of Php 65

Exclusive Mobile ContentPartnerships



Capital Expenditures - 2014


I n P H P M i l l i o n s

593

2,3082,684

-

500

1,000

1,500

2,000

2,500

3,000

Program Rights Pay TV Digital TV,

Maintenance and Others

Total Spent of Php 5.6 billion in 2014



Capital Expenditures – 2015 Budget


I n P H P M i l l i o n s

1,212

3,149

4,095

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Program Rights Pay TV Digital TV,

Maintenance and Others

Budgeted Php 8.5 billion in 2015



Balance Sheet Highlights


Ratios 2013 2014

Current 1.8 2.1

Debt-to-Equity 0.6 0.8

Net Debt-to-Equity 0.2 0.3

In PHP Millions

58,33067,237

0

10,000

20,000

30,000

40,000

50,000

60,00070,000

2013 2014

Total Assets

14,68020,325

0

5,000

10,000

15,000

20,000

25,000

30,000

2013 2014

Total Borrowings

25,923 26,875

0

5,000

10,000

15,000

20,000

25,000

30,000

2013 2014

Equity

10,61713,238

0

5,000

10,000

15,000

20,000

2013 2014

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 arefrequently 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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abs: 2014 performance

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