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FY 2016 Investors’ BriefingFinancial and Operating Results
March 20, 2017
Business SegmentsMedia Networks & Studio Entertainment Cable, Satellite & Broadband
Digital & Interactive Media Consumer Products & Experiences
- Pay TV (Cable & Satellite)
- Broadband
- Online- Mobile- Over-the-Top
- Live events- Themepark- Home shopping- ABS-CBN store
- Entertainment- News- Global- Film & Music- DTT- Sports- Cable networks- Publishing
2016 HighlightsABS CBN delivers a PHP3.5B net income, a 39% YoY growth
Media Networksand Studio Entertainment
o Remains strong at net income of P4.2 billion, 18% YoY improvemento Net income margin expanding from 11% to 13%, 28% YoY improvemento ABS CBN leads in total national day ratings and audience share boosted by
strong Mega Manila ratingso Distributed 2.3 million DTT boxes (cumulative) by end of yearo Record-breaking box office performance of Super Parental Guardians at
P600 million
Cable, Satellite and Broadband
o Added 150,000 subscribers, a 17% YoY improvemento Broadband revenue grew by P811 million, a 49.2% YoY growtho Successful launch for DTH business with 112,000 subscribers in 7 months
Digital and Interactive Media
o 7 million registered users in ABS-CBN owned OTT platformso ABS-CBN.com is the #1 Philippine based website across all categories in the
Philippineso Digital advertising revenue grew by 26% YoY
Consumer Products and Experiences
o ASAP Live in New York City entertained close to 9,000 live audienceo Kidzania opened its facilities to 362,000 visitors for the year
Consolidated 2016 Financial Results
33,544
38,278 41,630
2014 2015 2016
Revenue
7,476 7,940
9,853
2014 2015 2016
EBITDA
2,030
2,545
3,525
2014 2015 2016
Net Income
+ 9%
Net income attributable to parent increased from P2.9B in 2015 to P3.9B in 2016
+ 14%
+ 6%
+ 24%
+ 25%
+ 39%
+ 4%
0%
0%
(In millions Php)
Consolidated 2016 Financial Results
6%7%
9%
2014 2015 2016
Net Income Margin
22%
20%
22%
2014 2015 2016
EBITDA Margin
8%
9%
11%
2014 2015 2016
ROE
+ 1%
+ 2%
0%
0%
- 2%
+ 2%
0%
+ 1%
+ 2%
Consolidated 2016 Quarterly Financial Results
9,795
11,195
10,176
10,464
1Q 2Q 3Q 4Q
Revenue
2,163
2,974
2,277 2,439
1Q 2Q 3Q 4Q
EBITDA
761
1,353
734 677
1Q 2Q 3Q 4Q
Net Income
+ 14%
- 9%
+ 3%
+ 37%
- 23%+ 7%
+ 78%
- 46%- 8%
(In millions Php)
27,828 32,200
35,668
5,715
6,078
5,961
2014 2015 2016
BY GEOGRAPHICAL LOCATION
Domestic International
18,880 21,265 23,650
14,664
17,013 17,980
2 0 1 4 2 0 1 5 2 0 1 6
BY REVENUE CATEGORY
Ad Sales Consumer
Consolidated 2016 Revenue
+ 9%
44%
44%
43%
56%56% 57%
83%84%
86%
17%
16%
14%
+ 9%+ 14% + 14%
+ 0% + 0%
Consolidated 2016 Quarterly Revenue
1% 1%
58%
57%51%
42%43% 49%
83%
84% 86%
17%16% 14%
5,582 6,935
5,803 5,330
4,213
4,260
4,014 5,493
Q1 Q2 Q3 Q4
BY REVENUE CATEGORY
Ad Sales Consumer
41%
57%
43%
62%
38%
59%
51%
49%
8,254 9,777
8,349 9,335
1,541
1,418
1,468
1,489
Q1 Q2 Q3 Q4
BY GEOGRAPHICAL LOCATION
Domestic International
85%
16%
84%
87%
13%
15%
86%
14%
+ 14%
- 12%+ 10% + 10%
- 12%
+ 14%
10,482 12,121 12,661
8,879
11,131 12,017
11,008
11,434 12,012
2014 2015 2016
GAEX Cost of Sales Production Cost
Consolidated 2016 Costs and Expenses
+ 6%
+ 5%
+ 8%
+ 4%
30,369
34,68636,690
+ 14%
+ 4%
+ 25%
+ 16%
- 3%
- 1%
+ 6%
0%
Consolidated 2016 and 2015 Quarterly Costs and Expenses
2,334 2,883 3,149 3,755
2,639 2,768
3,001 2,723
2,648
2,771 2,847
3,168
1Q 2Q 3Q 4Q
GAEX Cost of Sales Production Cost
2015 Quarterly
2,845 3,193 3,035 3,588
2,833 2,891 3,065
3,228
2,961 3,269 2,882
2,900
1Q 2Q 3Q 4Q
GAEX Cost of Sales Production Cost
2016 Quarterly
+ 13%+ 11% + 1%
0%
Consolidated 2016 Segment Report
Segment 2014 2015 2016 2014 2015 2016
Media Networks & Studio Entertainment 24,645 28,511 30,568 5,030 4,719 6,179 Margin 20% 17% 20%
Cable, Satellite & Broadband 7,764 8,083 8,761 404 186 219 Margin 5% 2% 2%
Digital & Interactive Media 653 712 781 (2,134) (1,155) (1,265)
Consumer Products & Experiences 482 971 1,520 (126) (157) (193)
Operating Income Operating Revenues
Free-to-AirAdvertising revenue growth at 15% YoY
Source: Kantar Media TV Ratings Measurement
Total Day National Audience Share for 2016
CHANNEL 2014 2015 2016
ABS-CBN 46.67 47.03 49.58 GMA 7 33.90 35.50 33.80
TV 5 9.20 7.40 6.50
Other FTA 3.80 3.90 4.10
Other Cable 6.60 6.50 6.50
17.019.4
22.4
2014 2015 2016
Advertising Revenue
+ 15%
Source: Kantar Media TV Audience Measurement – Total Homes, Total Philippines (Urban + Rural)Period covered excludes Holy Week
ABS-CBN
GMA
TV5
Channel 2 Audience ShareABS CBN Channel 2 leads across all time blocks
2014 2015 2016
NOONTIME BLOCK (12NN - 3PM)
41.5
34.8
9.7
36.842.4
6.5
43.7
34.6
5.7
2014 2015 2016
MORNING BLOCK (6AM - 12NN)
35.8 36.6
11.4
37.4 37.4
8.2
38.634.9
6.6
2014 2015 2016
AFTERNOON BLOCK (3PM - 6PM)
42.2
33.9
9.8
41.436.9
8.02
44.4
34.6
6.8
2014 2015 2016
PRIMETIME BLOCK (6PM - 11PM)49.3
32.1
7.8
49.5
31.0
7.1
48.5
32.5
6.6
ABS-CBN leads in total day national ratings with shows dominating Top 20 spots in 2016
Source: Kantar Media TV Audience Measurement – Indivs 13+, National
RANK CHANNEL PROGRAM RATINGS
1 ABS-CBN FPJ's Ang Probinsyano Mon-Fri 40.0
2 ABS-CBN The Voice Kids Sunday Sun 38.2
3 ABS-CBN The Voice Kids Saturday Sat 37.0
4 ABS-CBN Pangako Sa'yo Mon-Fri 34.3
5 ABS-CBN Dolce Amore Mon-Fri 33.8
6 ABS-CBN Pilipinas Got Talent Sunday Sun 32.0
7 ABS-CBN Pilipinas Got Talent Saturday Sat 31.9
8 ABS-CBN Dance Kids Saturday Sat 31.2
9 ABS-CBN Pinoy Boyband Superstar Sunday Sun 30.8
10-11 ABS-CBN Dance Kids Sunday Sun 30.7
10-11 ABS-CBN Wansapanataym Sun 30.7
12 ABS-CBN TV Patrol Weekday Mon-Fri 30.6
13 ABS-CBN MMK 25 Sat 29.9
14 ABS-CBN Pinoy Boyband Superstar Saturday Sat 29.1
15 ABS-CBN Home Sweetie Home Sat 24.9
16 ABS-CBN Magpahanggang Wakas Mon-Fri 24.4
17 ABS-CBN Goin' Bulilit Sun 23.3
18 GMA Encantadia Mon-Fri 23.2
19 ABS-CBN Rated K Handa Na Ba Kayo? Sun 21.3
20 GMA Alyas Robinhood Mon-Fri 21.0
TV Patrol & UKG: Most watched news programs
*TV Patrol ratings based on quarterly average
-
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2 0 1 4 2 0 1 5 2 0 1 6
PRIMETIME NATIONAL RATINGS
TV Patrol 24 Oras
-
2.0
4.0
6.0
2 0 1 4 2 0 1 5 2 0 1 6
MORNING NATIONAL RATINGS
Umagang Kay Ganda Unang Hirit
Halalan & Ms. Universe: Most watched broadcast coverage
40.6%
Source: Kantar Media TV Ratings Measurement
Sports & Action: Most number of Sports Properties on Free-to-Air
Launched our high-definition cable channel on Sky Cable and Destiny Cable in 2016
International BusinessGenerated P5.9 B in revenues, 14% of total revenues
TFC Channels Program Syndication Territories
ASIA AFRICA OTHERS
Cambodia Kenya Mexico
Indonesia Nigeria Peru
Malaysia Seychelles Kazakhstan
Myanmar Tanzania
Thailand Uganda
Vietnam
Middle East
2.9
3.0
3.1
2014 2015 2016
TFC Viewership
5,651
9,318
7,777
2014 2015 2016
Revenue
64
102
150
2014 2015 2016
Program Syndication
- 17%
+ 47%+ 3%
Film & MusicStar Cinema sets new record for highest grossing Filipino film
21%
79%
Market Share
Star Cinema Others
Digital and non-digital concerts, Talent development and Icon building
1,304
1,258
1,316
2014 2015 2016
RevenueP600M
+ 5%
Digital Terrestrial Television
21%
• More than 2.3 million cumulative boxes sold to date
• Affordable TV Plus pricing by lowering SRP from P2,500 to
P1,999 and now P1,499
• DTT channels now available in iWantTV, Sky Cable and Sky Direct
Cable channel group
accounts for 23%audience share of total nationwide cable channels only viewing;
with over 356 active
cable operators nationwideSource: Kantar Media TV Audience Measurement – Total Cabled Homes, Total Philippines (Urban + Rural)
Date covered: Jan-Dec 2016 (Excluding Holyweek)
Cable Networks
Represented Channels
ABS-CBN Channels
601M 651M 542M
395M480M
375M
2 0 1 4 2 0 1 5 2 0 1 6
REVENUE
Airtime Consumer
- 18%
Cable, Satellite & Broadband
7.8B
8.1B
8.8B
2014 2015 2016
Revenue
Total revenues grew by
P644M driven by a
49% increase in broadband revenues
New all-in-one internet, cable TV and video-on-demand
subscription plans now available via One Sky
FY 2015 FY 2016
Sky Subscribers
Cable DTH Broadband
738
881K
1.03M
143
738
207
112
711
Our broadband subscriber base continues to expand, growing by 45% in 2016.DTH subscribers reached 112k by end of year.
+ 9%
+ 17%
iWant TV and TFC.tv has over
7M combined active subscribers to
date spending an average of 320 minutes per month
ABS-CBN.com is the #1 Philippine based website across all categories in the Philippines
ABS-CBN one domain has an average of 26.8M users with over 250M page views per month
ABS-CBN digital properties
generated Php447M revenue in
2016, 26% up vs. last year, driven
mainly by news and corporate website
ABS-CBN Mobile ended the year
with over 904,000 subscriber count
and over 7,500 activations
Digital and Interactive Media
2015 2016
904K
493K
ABS-CBN Mobile subscribers
35K 57K 54K
2014 2015 2016
IWant TV TFC.TV
4.6M
2.5M
6.4M+23%+39%
Activity PlatformNo. of
Subscribers
Watching6.4M
4.6M in 2015
Watching(Overseas)
53,646
56,761 in 2015
Watching 8,147
1,376 in 2015
Listening and watching
43,637
Reading86,304
Unique visitors
Movie communityComing soon
Our events bring the ABS experience closer
to our audiences with over P169Mrevenues generated worldwide
Generated P514M in total revenue in 2016 or
more than 130% growth from 2015. 362kattendance for the year. A total of 66 role playing establishments with 104 activities
New Attractions and Activities
Consumer Products and Experiences
FY 2015 FY 2016
Retail Revenue
32M
26M668M
824M
FY 2015 FY 2016
ACJO Revenue
• Continues to offer quality home TV shopping and online experience
• Generated P824M in
revenues, 23% higher than 2015.
Revenue is 23% higherthan 2015 due to introduction of new products and opening of new stores
Consumer Products and Experiences
+ 23% + 23%
Spent Php 7.7B out of the Php 8.8B budget for 2016
Capital Expenditures
6,338
8,779
5,258
7,715
12,060
514 1,448
2,863
2,159
1,881
4,108
2015 2016Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others
5,258
7,715 + 47%
Balance Sheet Highlights
69,944
72,734
2015 2016
Total Assets
20,530 20,472
2015 2016
Total Borrowings
28,715
31,692
2015 2016
Equity
Ratios 2015 2016
Current 1.88 2.02
Debt-to-Equity 0.71 0.65
Net Debt-to-Equity 0.31 0.30
Except for historical and operating data and other information of historical matters, the statementscontained 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 theseforward looking statements. Any such forward-looking statement is not a guarantee of future performanceand involves a number of known and unknown risks, uncertainties and other factors that could cause theactual performance, financial condition or results of operation of ABS-CBN to be materially different fromany future performance, financial condition or results of operation implied by such forward-lookingstatement.
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