1H 2017 Investors Briefing Financial and Operating Results August 11, 2017

Transcription

1 1H 2017 Investors Briefing Financial and Operating Results August 11, 2017

2 Business Segments Media Networks & Studio Entertainment Digital & Interactive Media - Entertainment - News - Global - Film & Music - Radio - DTT - Sports - Cable channels - Publishing - Online - Mobile - Over-the-Top Cable, Satellite & Broadband - Pay TV (Cable & Satellite) - Broadband Consumer Products & Experiences - Live events - Themepark - Home shopping - ABS-CBN store - Licensing & merchandising

3 Consolidated 1H 2017 Financial Results (In millions Php) Revenue EBITDA Net Income 17, % 20,990-8% 19,344 3, % 5,137-15% 4,367 1, % 2,114-41% 1,256 1H H H 2017 Margins 1H H H % 24% 23% 1H H H % 10% 6% Net income attributable to parent is P1.5B in 1H 2017

4 Quarterly Financial Results (In millions Php) Revenue + 2% 9,768 EBITDA + 50% 2,618 Net Income + 200% 942 9,576 1, Q 2Q 1Q 2Q 1Q 2Q Margins 18% 27% 3% 10%

5 Consolidated 1H 2017 Revenue BY REVENUE CATEGORY BY GEOGRAPHICAL LOCATION 17,737 20,990 8,473 40% 19,344 17,737 2,773 16% 20,990 2,973 14% 19,344 2,857 15% 8,237 46% 9,465 49% 9,500 54% 12,517 60% 9,879 51% 14,964 84% 18,017 86% 16,487 85% 1H H H H H H 2017 Ad Sales Consumer Domestic International

6 Consolidated Quarterly Revenue BY REVENUE CATEGORY BY GEOGRAPHICAL LOCATION 9,576 9,768 9,576 9,768 4,736 49% 4,729 48% 1,414 15% 1,443 15% 4,840 51% 5,039 52% 8,325 8,162 85% 85% 1Q 2Q 1Q 2Q Ad Sales Consumer Domestic International

7 Consolidated 1H 2017 Costs and Expenses 16,043 5,419 17, % 17,783 6, % 5,930-1% - 5% 5,407 5, % 6, % 5,217 6, % 5,450-10% 1H H H 2017 GAEX Cost of Sales Production Cost

8 Consolidated Quarterly Costs and Expenses 9,173 8,610-6% 2,882 2,568-11% 3,179 3, % 3,112 2,818-9% 1Q 2Q Production Cost Cost of Sales GAEX

9 Consolidated 1H 2017 Segment Report Operating Revenue Net Income NI Attributable to Parent Segment 1H H H H H H 2017 Media Networks & Studio Entertainment 16,119 13,905 2,506 1,518 2,560 1,645 Margin 16% 11% 16% 12% Cable, Satellite & Broadband 4,197 4, Margin 1% 1% 1% 1% Digital & Interactive Media (364) (262) (264) (178) Consumer Product & Experience (65) (65) (47) (51)

10 Digital Terrestrial Television 4,000 3,000 2,000 1,000 - DTT Distribution 2016 Jan Feb March April May June Actual Budget More than 3.2 million cumulative boxes sold as of June Average of 157k boxes sold per month in 1H 2017 and more than 500k boxes sold in %

11 DTT : Changing the distribution landscape Total Philippines - Household Mix by Platform Total Philippines Urban Philippines Mega Manila Metro Manila HOMES (in Thousands) 18,934 9,857 5,267 3,032 CABLE or DTT HOMES 33.6% 41.3% 57.6% 72.5% Cabled Homes 23.8% 24.1% 27.5% 38.3% DTT Homes 9.8% 17.2% 30.1% 34.1% NON CABLE & NON DTT HOMES 66.4% 58.7% 42.4% 27.5% Source: Kantar Media - May 1 June 30, 2017

12 DTT : Audience Shares TOTAL PHILIPPINES CHANNELS HOMES CABLE or DTH HH NON CABLE & NON DTT HH TOTAL TV ABS-CBN GMA DTT Channels Sports + Action Other Free to Air Cable MEGA MANILA CHANNELS HOMES SHARE SHARE CABLE or DTH HH NON CABLE & NON DTT HH TOTAL TV ABS-CBN GMA DTT Channels Sports + Action Other Free to Air Cable Source: Kantar Media - May 1 - June 30, 2017

13 Free-to-Air Advertising Revenue + 41% 12,213-24% 8,658 9,262 1H H H 2017 Total Day National Audience Share for 1H 2017 CHANNEL Q H 2017 ABS-CBN GMA TV Other FTA Other Cable Source: Kantar Media TV Ratings Measurement

14 Channel 2 National Audience Share ABS CBN Channel 2 leads across all time blocks Morning Block (6AM-12NN) Noontime Block (12NN-3PM) Q Q Q 2017 ABS-CBN GMA TV 5 Afternoon Block (3PM-6PM) Q Q Q 2017 ABS-CBN GMA TV 5 Primetime Block (6PM-12MN) ABS-CBN GMA TV Q Q Q 2017 ABS-CBN GMA TV 5 2Q Q Q 2017 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement Total Homes, Total Philippines (Urban + Rural) Period covered excludes Holy Week

15 ABS-CBN leads in total day national ratings with shows dominating Top 20 spots in 2017 RANK CHANNEL PROGRAM RATINGS 1 ABS-CBN FPJ'S ANG PROBINSYANO MON-FRI ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SUNDAY SUN ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SATURDAY SAT ABS-CBN THE VOICE TEENS SUNDAY SUN ABS-CBN THE VOICE TEENS SATURDAY SAT ABS-CBN LA LUNA SANGRE MON-FRI ABS-CBN WANSAPANATAYM SUN ABS-CBN MMK 25 SAT ABS-CBN TV PATROL WEEKDAY MON-FRI ABS-CBN MY DEAR HEART MON-FRI ABS-CBN MISS UNIVERSE THE PHILIPPINES (LIVE) MON-FRI ABS-CBN MAGPAHANGGANG WAKAS MON-FRI GMA ENCANTADIA MON-FRI ABS-CBN HOME SWEETIE HOME SAT ABS-CBN GOIN' BULILIT SUN ABS-CBN WILDFLOWER MON-FRI GMA ALYAS ROBIN HOOD MON-FRI ABS-CBN 2017 NBA FINALS (LIVE) MON-FRI ABS-CBN PINOY BIG BROTHER LUCKY SEASON 7 DREAM TEAM THE BIG NIGHT SAT&SUN GMA 24 ORAS WEEKDAY MON-FRI 20.2 Source: Kantar Media TV Audience Measurement Indivs 13+, National

16 Ms. Universe and SONA: Most watched special coverages Source: Kantar Media Ratings

17 Sports & Action Leading local channel that provides real time update of various sports properties. Launched the maiden season of the Premier Volleyball League with a webexclusive multi-cam streaming. Viewers could choose from 3 camera angles how they want to watch the game. Mixed Martial Arts Promotion One Championship held its first Manila event for the year at a packed Mall of Asia Arena.

18 International 2,773 Revenue + 7% 2,973-4% 2,857 Program Syndication + 24% + 39% Program Syndication Territories ASIA AFRICA OTHERS Cambodia Kenya Mexico Indonesia Nigeria Peru Malaysia Seychelles Kazakhstan Myanmar Thailand Vietnam Middle East Tanzania Uganda 1H H H 2017 TFC Viewership at 3 million level as of June H H H 2017 TFC Channels

19 Film & Music PHP 1.2 billion gross receipts from movies produced in 1 st Half of New concerts and albums released.

20 Cable, Satellite & Broadband 3,991 Revenue + 5% 4, % 4,586 Total revenues grew by P389M or 9% driven by the 19% increase in overall Sky subscribers Our broadband, DTH and two-play subscriber base continue to expand year-on-year BROADBAND DTH 2 PLAY 143 1H H H H H 2017 SKY subscribers exclusive offerings

21 Digital and Interactive Media ABS-CBN.com remains the #1 Philippine based website across all categories in the Philippines iwant TV and TFC.tv with close to 7.8M and 75k active subscribers as of June 2017 ABS-CBN Mobile with close to 900,000 subscriber count as of June 2017 ABS-CBN digital properties revenue in 2017 up by 25% versus last year + 38% 7, % 5, % % 522 Activity Platform No. of Subscribers Watching 795,034 Watching (Overseas) 74,919 Watching 7,325 3, Listening and watching 60,410 Reading* 100,000 1H H H H H H 2017 Movie Community Coming soon *Unique users of No Ink app monthly

22 Consumer Products and Experiences Generated P207M in total revenue in 1H 2017, 148k attendance as of June. Our events bring the ABS experience closer to audiences with over 268M revenue in 1H 2017, reaching close to 50k attendance count in major concerts.

23 Consumer Products and Experiences Generated P435M in revenues, 9% higher than 1H O-Shopping Revenue + 39% + 9% H H H 2017 Licensed fan merchandise line for BoybandPH Licensed retail promotions for The Voice of the Philippines: Teens Licensed on-ground activation for UAAP Volleyball Launch of summer collection of official licensed ASAP merchandise Licensed shirts and novelties for La Luna Sangre Launch of Ravelo Komiks Superheroes brand

24 Kapamilya Thank You Rewards Kapamilya, Thank you is all about showing love and gratitude Redeem special gifts through Thank You points Thank You points are used to redeem Kapamilya gifts, rewards and privileges You can choose to share the love with the less fortunate Registration is free online There are no membership renewal fees Total registered members to date has already reached 1 million Average of 11k registrations per day

25 Generated more than 2 million revenues 9,869 tickets sold 3,812 new customers

26 Capital Expenditures Spent and committed Php 4.8B for 1H; Php 7.4B FY 2017 estimate 7,365 4,822 3,646 2,799 2,642 1, ,077 1H LE Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others

27 Balance Sheet Highlights Total Assets Total Borrowings Equity 70,424 72,734 72,330 20,530 20,472 20,380 28,715 31,692 31, H H H 2017 Ratios H 2017 Current Debt-to-Equity Net Debt-to-Equity

28 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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