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ABS-CBN Broadcasting Corporation Sgt. Esguerra Avenue, Quezon City, Philippines
November 12, 2009
To: Listing & Disclosures Department
Philippine Stock Exchange, Inc.
Exchange Road, Ortigas Center, Pasig City
Attn: Ms. Janet A. Encarnacion
Head, Disclosure Department
From: ABS-CBN Broadcasting Corporation
Tel No.: (632) 924-4101/415-2272
Fax No.: (632) 431-9368
Subject: 9M 2009 Analysts’ and Press Briefing Presentation Materials
Gentlemen / Ladies:
Please find enclosed the presentation materials used during the 9M 2009 Analysts’ and Press
Briefing held at the Chronicle Lounge of ABS-CBN Broadcasting Corporation this morning,
November 12, 2009.
Very truly yours,
Charles A. Gamo
Head, Investor Relations and Corporate Planning
9M 2009 Financial & Opera1ng ResultsThe Chronicle Lounge, 14/F ELJ Communications Center
ABS-‐CBN Broadcast Center12 November 2009
Php18.3 billion9M 2009 Consolidated Revenue
11% year-‐on-‐year
Consolidated Revenues
Air$me Revenues58%
Direct Sales42%
SkyCable(Direct Sales)
15%
3Q 2009 Channel 2 Launches
Spiced-‐up Weekday AKernoon Line-‐up
Strong Prime1me Offerings
Maintained Na1onal LeadershipTNS Na&onal Urban Philippines TV Audience Ra&ngs
Impact of Typhoons Ondoy
and Pepeng
Jul 09 Aug 09 Sep 09 Oct 0913.0 13.7 13.9
12.4
18.6 18.4 18.316.8
Total Day Ra1ngs(6am to 12mn)
ABS-CBN GMA
Jul 09 Aug 09 Sep 09 Oct 0933 34 35 34
47 46 46 46
Total Day Shares(6am to 12mn)
Maintained Na1onal LeadershipTNS Na&onal Urban Philippines TV Audience Shares
Jul 09 Aug 09 Sep 09 Oct 0933 35 35 36
51 50 51 50
Prime1me Shares(6pm to 11pm)
Jul 09 Aug 09 Sep 09 Oct 0919.8 20.9 21.1 19.9
30.2 29.6 30.527.9
Prime1me Ra1ngs(6pm to 11pm)
ABS-CBN GMA
Impact of Typhoons Ondoy
and Pepeng
17 of the Top 20 in Na1onal Ra1ngs are from ABS-‐CBN
Na1onal Urban Philippines’ Top Programs* (October 2009)
RANK CHANNEL PROGRAM RTG% SHR%
1 ABS-‐CBN TV PATROL WORLD 34.6 54
2 ABS-‐CBN MAY BUKAS PA 33.2 50
3 ABS-‐CBN KATORSE 30.9 58
4 ABS-‐CBN LOVERS IN PARIS 30.1 49
5 ABS-‐CBN MAALAALA MO KAYA... 27.4 46
6-‐7 ABS-‐CBN RATED K HANDA NA BA KAYO? 27.2 476-‐7 GMA MARS RAVELO’S DARNA 27.2 41
8 ABS-‐CBN THE SINGING BEE 26.5 44
9 ABS-‐CBN DAHIL MAY ISANG IKAW 26.3 50
10 ABS-‐CBN AGIMAT ANG MGA ALAMAT NI RAMON REVILLA TIAGONG AKYAT 26.0 4611 GMA 24 ORAS (WEEKDAYS) 23.5 37
12 GMA STAIRWAY TO HEAVEN 23.3 39
13 ABS-‐CBN GOIN BULILIT 22.9 47
14 ABS-‐CBN SHARON 22.0 41
15-‐16 ABS-‐CBN PINOY BIG BROTHER DOUBLE UP (WEEKDAYS) 21.8 52
15-‐16 ABS-‐CBN PINOY BIG BROTHER DOUBLE UP (SATURDAY) 21.8 49
17 ABS-‐CBN FAILON NGAYON 21.2 43
18 ABS-‐CBN WOWOWEE 21.1 50
19 ABS-‐CBN PINOY BIG BROTHER DOUBLE UP (SUNDAY) 21.0 46
20 ABS-‐CBN JIM HERNANDEZ’S KAMBAL SA UMA 20.8 56
*Excluding Specials
Consolidated Air1me Revenuesin Php Millions
4,000
6,000
8,000
10,000
12,000
9M 2008 9M 2009
772645
9,8069,432
10,67810,131
Parent Other Platforms SkyCable
10053
5% YoY
Direct Salesin Php Millions (without SkyCable)
2,000
4,000
6,000
8,000
9M 2008 9M 2009
5,0214,716
Direct Sales
5,0214,716
6% YoY
10% in Sale of Services and Goods (Php)
15% in Subscrip1on Revenue (Php)
ABS-‐CBN Film Produc1ons Inc.
The 3 films released in 3Q 2009 together pulled in Php282 million in gross box office receipts
Direct Sales
2,000
3,500
5,000
6,500
8,000
9M 2008 9M 2009
2,6451,713
5,0214,716
7,6666,429
Direct Sales SkyCable
19% YoY
in Php Millions (with SkyCable)
Total Expensesin Php Millions (without SkyCable)
0
6,000
12,000
18,000
2,1722,8353,9834,651
13,641
1,9772,6653,7214,476
12,839
9M 2008 9M 2009
Total Expenses
Produc1on Cost
GAEX Cost of Sales and Services
All Other Expenses
7% YoY 6% YoY10% YoY
6% YoY
4% YoY
Total Expensesin Php Millions (with SkyCable)
0
6,000
12,000
18,000
2,2813,774
5,5964,651
16,302
2,0883,199
4,7314,476
14,494
Total Expenses
Produc1on Cost
GAEX Cost of Sales and Services
All Other Expenses
9M 2008 9M 2009
2,1722,8353,9834,651
13,641
1,9772,6653,7214,476
12,839
18% YoY
12% YoY
18% YoY9% YoY
4% YoY
0
2,000
4,000
6,000
Total Production Cost Cash Non-‐Cash
1,062
3,5894,651
974
3,5034,476
9M 2008 9M 2009
Produc1on Costin Php Millions
4% YoY
2% YoY
9% YoY
0
1,500
3,000
4,500
1,2041,6312,835
1,0901,5752,665
9M 2008 9M 2009
Total Cost of Sales and Services
ABS-CBN Global
Other Subsidiaries
Cost of Sales and Servicesin Php Millions (without SkyCable)
6% YoY
10% YoY4% YoY
Cost of Sales and Servicesin Php Millions (with SkyCable)
0
1,500
3,000
4,500
9391,204
1,631
3,774
5341,090
1,574
3,199
Total Cost of Sales and Services
ABS-CBN Global
Other Subsidiaries
SkyCable
10% YoY
1,2041,6312,835
1,0901,5752,665
9M 2008 9M 2009
76% YoY
18% YoY
4% YoY
0
1,300
2,600
3,900
5,200
6,500
GAEX Cash Non-Cash
541
3,4423,983
463
3,2583,721
9M 2008 9M 2009
GAEXin Php Millions (without SkyCable)
7% YoY
6% YoY
17% YoY
GAEXin Php Millions (with SkyCable)
0
1,300
2,600
3,900
5,200
6,500
GAEX Cash Non-Cash
1,111
4,485
5,597
715
4,0154,731
18% YoY
12% YoY
55% YoY
541
3,4423,983
463
3,2583,721
9M 2008 9M 2009
1,2011,399
9M 2008 9M 2009
Net Incomein Php Millions
16% YoY(Before PFRS 3 adjustments of
Php50 million relaPng to consolidaPon of SkyCable)
1,201 1,349
9M 2008 9M 2009
Reported Net Income and EBITDAin Php Millions
4,4335,158
9M 2008 9M 2009
16% YoY12% YoYNet Income EBITDA
Capital Expendituresin Php Millions (without SkyCable)
0
575
1,150
1,725
2,300
9M 2008 9M 2009
462401
997996
1,4591,397
CAPEX Film and Program Rights Acquisition
4% YoY
Capital Expendituresin Php Millions (with SkyCable)
0
575
1,150
1,725
2,300
9M 2008 9M 2009
590270
462401
997996
2,0481,667
CAPEX Film and Program Rights AcquisitionSkyCable
23% YoY
Balance Sheet Accounts
Total Assets
Cash and Equivalents
Trade Receivables
DSO
Total Interest Bearing Debt
Shareholders’ Equity
Net Debt-to-Equity Ratio
Php 35.2B 7%
Php 3.3B 31%
Php 5.7B 24%
86 days 11 days
Php 9.0B 4%
Php15.8B 4%
0.36x 0.05x
End-‐2008 vs End-‐9M 2009
