FY 2017 Investors Briefing Financial and Operating Results March 23, 2018
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
Consolidated FY 2017 Financial Results (In millions Php) 38,278 Revenue + 9% 41,631-2% 40,698 EBITDA Net Income + 39% + 24% - 2% - 10% 3,525 9,853 9,626 3,164 7,940 2,545 Margins 21% 24% 24% 7% 8% 8% Net income attributable to Equity Holders of the Parent is P3.3B for 2017
Consolidated FY 2017 Revenue BY REVENUE CATEGORY BY GEOGRAPHICAL LOCATION 38,278 15,349 40% 41,631 15,996 38% 40,698 16,902 42% 38,278 6,062 16% 41,631 6,007 14% 40,698 6,217 15% 1,664 4% 1,984 5% 2,697 6% 32,216 84% 35,623 86% 34,481 85% 21,265 56% 23,650 57% 21,098 52% Advertising TV Plus - Sales Consumer Domestic International
Consolidated FY 2017 Costs and Expenses 34,686 36,690 + 6% 36,572 - % 11,434 12,012 + 5% 11,834-2% 9,467 10,033 + 6% 10,124 + 1% 1,664 1,984 + 19% 2,697 + 36% 12,121 12,661 + 4% 11,917-6% GAEX TV Plus - COS Cost of Sales Production Cost
Consolidated FY 2017 Segment Report Operating Revenue Net Income NI Attributable to Parent Segment 2016 2017 2016 2017 2016 2017 Media Networks & Studio Entertainment 31,315 29,465 4,108 3,564 4,267 3,642 Margin 13% 12% 14% 12% Cable, Satellite & Broadband 8,761 9,124 70 123 40 86 Margin 1% 1% 0% 1% Digital & Interactive Media 671 1,220 (634) (441) (428) (327) Consumer Products & Experiences 883 889 (19) (82) 6 (67) Totals 41,631 40,698 3,525 3,164 3,885 3,334
Digital Terrestrial Television 839 Boxes Sold 1,311 2,010 More than 4.3 million boxes sold as of December 2017 Average of 167k boxes sold per month in 2017 and more than 2M boxes sold in 2017. 17 Sites Nationwide Luzon 1. Quezon City 2. Makati 3. Mandaluyong 4. Jala jala 5. Bulacan, Guiguinto 6. Bulacan, San Miguel 7. Pampanga, San Fernando 8. Cabanatuan 9. Tarlac 10. Laguna, San Pablo 11. Cavite, Silang 12. Baguio, Sto. Tomas Visayas 13. Cebu 14. Bacolod 15. Iloilo Minadanao 16. Davao 17. Cagayan de Oro
DTT : Changing the distribution landscape Total Philippines - Household Mix by Platform Full Year 2017 Total Philippines Urban Philippines Mega Manila Metro Manila HOMES (in Thousands) 18,935 9,857 5,267 3,032 CABLE or DTT HOMES 36.7% 45.2% 63.3% 78.1% Cabled Homes 23.8% 24.1% 27.5% 38.3% DTT Homes 12.8% 21.0% 35.8% 39.8% NON CABLE & NON DTT HOMES 64.5% 57.1% 40.8% 28.1% Full Year 2016 Total Philippines Urban Philippines Mega Manila Metro Manila HOMES (in Thousands) 15,455 9,017 4,701 2,686 CABLE or DTT HOMES 24.0% 32.7% 41.9% 52.3% Cabled Homes 18.1% 23.4% 25.6% 37.2% DTT Homes 6.5% 10.3% 18.1% 17.5% NON CABLE & NON DTT HOMES 76.0% 67.3% 58.1% 47.7% Source: Kantar Media - January December 2017 - January December 2016
Free-to-Air Total Day National Audience Share for 2017 CHANNEL ABS-CBN 47.03 49.58 53.20 Channel 2 43.20 44.70 45.70 ABS-CBN S + A 3.30 3.14 1.58 Cinemo 0.21 0.83 3.22 Yey 0.12 0.54 2.29 Knowledge Channel 0.02 0.03 0.08 Teleradyo 0.18 0.35 0.34 GMA 35.50 33.80 33.50 TV 5 7.40 6.50 3.30 Other FTA 3.90 4.10 2.90 Other Cable 6.50 6.50 7.50 Source: Kantar Media TV Ratings Measurement; January December 2017
Channel 2 National Audience Share 39 Morning Block (6AM-12NN) 37 35 41 42 32 42 42 Noontime Block (12NN-3PM) 48 48 35 36 8 7 5 7 6 3 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA Afternoon Block (3PM-6PM) Primetime Block (6PM-12MN) TV5 44 46 45 37 35 38 53 52 52 31 33 32 8 7 5 7 7 6 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement Total Homes, Total Philippines (Urban + Rural) January December 2017; Period covered excludes Holy Week
Channel 2 Mega Manila Audience Share Morning Block (6AM-12NN) Noontime Block (12NN-3PM) 30 38 34 32 35 28 28 53 44 34 36 42 9 6 5 7 5 3 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA 29 44 Afternoon Block (3PM-6PM) 39 39 33 35 Primetime Block (6PM-12MN) 39 38 39 40 41 36 TV5 9 7 5 8 7 7 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement Mega Manila January December 2017; Period covered excludes Holy Week
Channel 2 Metro Manila Audience Share 32 Morning Block (6AM-12NN) 34 30 27 38 21 31 46 Noontime Block (12NN-3PM) 37 38 40 34 7 5 3 6 4 2 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA 32 37 Afternoon Block (3PM-6PM) 36 34 40 32 Primetime Block (6PM-12MN) 46 43 42 33 34 29 TV5 8 6 4 7 6 6 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement Metro Manila January December 2017; Period covered excludes Holy Week
ABS-CBN leads in national ratings with shows dominating Top 20 spots in 2017 RANK CHANNEL PROGRAM RATINGS 1 ABS-CBN FPJ'S ANG PROBINSYANO MON-FRI 38.6 2 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SUNDAY SUN 36.4 3 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SATURDAY SAT 35.0 4 ABS-CBN THE VOICE TEENS SUNDAY SUN 34.9 5 ABS-CBN THE VOICE TEENS SATURDAY SAT 33.9 6 ABS-CBN LA LUNA SANGRE MON-FRI 33.8 7-8 ABS-CBN TV PATROL WEEKDAY MON-FRI 31.3 7-8 ABS-CBN LITTLE BIG SHOTS SUNDAY SUN 31.3 9 ABS-CBN LITTLE BIG SHOTS SATURDAY SAT 30.9 10 ABS-CBN WANSAPANATAYM SUN 29.8 11 ABS-CBN MMK 25 SAT 29.6 12 ABS-CBN MY DEAR HEART MON-FRI 27.6 13 ABS-CBN MAGPAHANGGANG WAKAS MON-FRI 25.0 14 GMA ENCANTADIA MON-FRI 24.4 15 ABS-CBN HOME SWEETIE HOME SAT 24.2 16 ABS-CBN WILDFLOWER MON-FRI 23.8 17 ABS-CBN GOIN' BULILIT SUN 22.1 18 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO SAT 20.5 19 GMA 24 ORAS WEEKDAY MON-FRI 20.2 20 ABS-CBN 24 ORAS WEEKEND SATURDAY SAT 19.5 Source: Kantar Media TV Audience Measurement Total Homes Period: January December 2017
International Revenue - 1% 6,062 6,007 6,217 TFC Viewership at 3.0 million level as of December 2017 Program Syndication + 3% + 38% 86 + 76% 152 209 TFC Channels Programs distributed in 35 Territories ASIA AFRICA SOUTH AMERICA EUROPE Malaysia Kenya Mexico Poland Indonesia Uganda Peru Turkey Brunei Zambia Colombia Romania Fiji Tanzania China Namibia Singapore Ghana Taiwan Nigeria Cambodia Mauritius Myanmar Seychelles Vietnam Cameroon Papua New Guinea Malawi Sri Lanka Sierra Leone Thailand Liberia Kyrgyzstan Botswana Kazakhstan
International International Box Office Movies grossed over USD9.7M in 2017
Cinematografo Showcasing the Filipino and Filipino-American talent in filmmaking alongside the best of the world Narratives Documentaries Shorts
Star Cinema Films Star Cinema s theatrical receipts grossed over 2.4 billion in 2017, capturing 76% of local Market Share
Music Tarsier Records set to targeting non-filipino audience and making a difference on all things millennially and digitally sound on the internet
Cable, Satellite & Broadband (In millions Php) 8,083 765 1,646 Sky Revenues 8,761 + 8% 803 9,124 634 2,463 3,392 + 4% Our broadband and DTH and subscriber base continue to expand year-on-year (In thousands Php) 207 119 Sky Subscribers 208 399 41 185 797 757 5,672 5,454 4,913 2016 2017 Cable DTH Broadband SKY subscribers exclusive offerings Cable DTH Broadband Airtime and Misc Total revenues grew by P363M or 4%
Digital Online platforms generated 660 million in revenues, 95% higher than 2016 Forged partnerships with NBA.com, Twitter Amplify and CainCade Top YouTube Publisher in the Philippines Top Facebook page in the Media Category in the Philippines Source: Tubular Social Video Analytics and Video Intelligence Platform
Consumer Products and Experiences Generated P528M in total revenues, with 339k attendance as of December 2017. Our events brought the ABS-CBN experience closer to our audiences, generating 1.1B total revenues in 2017
Capital Expenditures Spent Php 7.9B out of the Php 8.0B budget for 2017; 7,715 7,905 6,873 + 2% 5,522 4,108 4,651 2,159 2,216 1,448 1,038 2016 2017 Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others
Balance Sheet Highlights Total Assets Total Borrowings Equity 33,711 69,944 72,734 75,125 20,402 20,472 20,387 28,715 31,692 Ratios Current 1.88 2.02 2.18 Debt-to-Equity 0.71 0.65 0.60 Net Debt-to-Equity 0.31 0.30 0.24
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.