abs-cbn corporation - pds group€¦ · abs-cbn corporation sgt. esguerra avenue, ... financial...

ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines

18 March 2016

Philippine Dealing and Exchange Corporation 37th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City Attention: Ms. Vina Vanesssa S. Salonga Head – Issuer Compliance and Disclosure Department

Subject: ABS-CBN FY2015 Financials & Operating Results Materials

--------------------------------------------------------------------

Dear Ms. Salonga, We are submitting ABS-CBN Corporation’s Full Year 2015 Financials & Operating Results

presentation materials. Thank you.

Full Year 2015 Investor’s Briefing Financial and Operating Results

March 18, 2016

ABS-CBN Investor Presentation 1

ABS-CBN Investor Presentation

14,664 17,013

18,880

21,265

0

8,000

16,000

24,000

32,000

40,000

2014 2015

Ad Revenues Consumer Sales

2

Revenues

33,544

38,278 14.1%

12.6%

16.0%

56%

44%

56%

44%

In P

HP

Mill

ion

s

Costs and Expenses


10,114 11,778

9,248 11,474

11,008

11,434

0

8,000

16,000

24,000

32,000

40,000

48,000

2014 2015

Production

Costs

Cost of Sales

& Services

GAEX 16.4%

24.1%

In P

HP

Mill

ion

s

30,370

34,686 14.2%

3.9%

2,030 2,545

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2014 2015

7,476 7,940

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2014 2015

Financial Summary


33,544 38,278

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

2014 2015

Net Revenues

In PHP Millions

EBITDA Net Income

14.1% 6.2%

25.4%

2,387

2,932

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2014 2015

Financial Summary


In PHP Millions

22.8%

Net Income Attributable to Parent

Business Segments - Reported


* Numbers presented are net of ABS-CBNmobile TVCs.

TV and Studio remain strong with margins improving from 11.6% to 13.9%.

2015 2014 % Ch 2015 2014 % Ch 2015 2014 % Ch

A. TV and Studio 28,188 25,370 11.1% 7,315 6,350 15.2% 3,910 2,950 32.5%

Margins 25.9% 25.0% 13.9% 11.6%

B. Pay TV Networks 8,083 7,764 4.1% 1,641 1,856 -11.6% 23 272 -91.5%

Margins 20.3% 23.9% 0.3% 3.5%

C. New Business 2,007 410 389.6% -1,017 -730 -39.3% -1,388 -1,192 -16.5%

TOTAL 38,278 33,544 14.1% 7,939 7,476 6.2% 2,545 2,030 25.4%

Margins (net of DTT Sales) 21.5% 22.3% 6.9% 6.1%

In Php MillionsRevenues EBITDA Net Income

17,092 19,675

2014 2015

Net Revenues

TV and Studio – Free-to-Air


In PHP Millions

15.1%

*Net of ABS-CBNmobile TVCs

4Q 2015 Programs

Broadcast revenues increased by 15.1% fuelled by ABS-CBN’s

continued leadership in audience shares and ratings.

Produced 10% more programming hours versus last

year.

7,692 7,878

2014 2015

Production Costs

2.4%

Audience Share


Source: Kantar Media TV Measurement, Jan to Dec 2015

41.5

28.8 32.6

38.0

45.3

38.5

6.6 7.1 6.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Total PH Mega Manila Metro

ABS-CBN 2

GMA 7

TV 5

48.6

35.2 40.2

32.9

41.5

35.0

5.9 6.7 6.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Total PH Mega Manila Metro

ABS-CBN 2

GMA 7

TV 5

Tota

l Day

P

rim

etim

e

ABS-CBN continues to be the clear leader in audience shares and

ratings as more Philippine households tuned in to ABS-CBN

during primetime.

Ratings


Source: Kantar Media TV Measurement, Jan to Dec 2015

Strong primetime programs widened the

gap in ratings.

Ratings Total Day Primetime

2014 2015 2014 2015

ABS-CBN 2 13.0 14.5 19.1 21.7

GMA 7 10.0 11.9 13.2 13.6

TV 5 2.7 2.5 2.6 3.1

Others 4.0 4.8 4.2 5.6


2014 2015 2014 2015

ABS-CBN 2 11.9 12.8 18.3 19.9

GMA 7 12.5 13.8 17.7 16.8

TV 5 3.8 2.8 3.9 3.7

Others 8.2 9.4 9.1 10.7


2014 2015 2014 2015

ABS-CBN 2 10.8 11.7 15.7 17.9

GMA 7 14.0 16.3 19.8 19.6

TV 5 4.0 3.2 4.1 4.2

Others 6.4 7.5 7.1 8.7

Total Philippines (Urban + Rural)

Metro Manila Mega Manila

Top Programs – ALL GENRES


Rank Channel Program Share

1 ABS-CBN THE VOICE KIDS SUNDAY 42.7 Weekend

2 ABS-CBN THE VOICE KIDS SATURDAY 40.8 Weekend

3 ABS-CBN FPJ'S ANG PROBINSYANO 39.6 Weekday

4 ABS-CBN NATHANIEL 34.6 Weekday

5 ABS-CBN PANGAKO SA'YO 33.8 Weekday

6 ABS-CBN BOSES NG BULILIT MULING BIBIRIT

32.8 Weekend

7 ABS-CBN DANCE KIDS SATURDAY 31.6 Weekend

8 ABS-CBN DANCE KIDS SUNDAY 31.0 Weekend

9 ABS-CBN MMK ANG TAHANAN MO 30.7 Weekend

10 ABS-CBN DREAM DAD 29.9 Weekday

Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jan to Dec 2015

TV and Studio – Global


Global Viewership

5,651 5,976

2014 2015

Net Revenues

ASAP Live in London drew 10,000 to the

SSE Wembley Arena

In PHP Millions

2,522 2,786 2,844

3,085

2012 2013 2014 2015

5.7%

Highest-grossing movie released overseas

Launched English-subtitled programs on TFC to engage non-Filipino speaking audiences.

With MYX TV, Global is committed to entertain millennials in fun, enjoyable and interesting ways with the launch of an Asian American reality show “I'm Asian American and...”.

Initiatives

3,399 3,682

2014 2015

Cost of Sales and Services

8.3%

1,161 1,282

2014 2015

Net Revenues


TV and Studio - Films and Music

In PHP Millions

4Q’14 4Q’15

The Trial Everyday I Love You

Past Tense A Second Chance

Hari ng Tondo

Beauty in a Bottle

Branded entertainment TV rights Retail Sales Global and Sky pay-per-view Digital sales International syndication

Non-theatrical revenues

increased by 14% 10.5%

454 468

2014 2015

Costs of Sales and Services

3.1%

Strong 4th Quarter 2015 releases generating more than Php 600M in theatrical sales

Pay TV Networks - SkyCable

7,764 8,083

2014 2015

Net Revenues


In PHP Millions

4.1% 7.3%

SKY broadband revenues grew 30% in 2015.

DTH License released last December 2015 o will expand reach around the country. o to roll-out its DTH service within the year

99

143

-

20

40

60

80

100

120

140

160

180

2014 2015

Tho

usa

nd

s

Broadband Subscribers

7,360 7,898

2014 2015

Costs and Expenses

• More than 1 milion boxes sold to

date.

• Plans for 4 more transmitters in the

Vis Min Area over the next six

months.

Digital Terrestrial TV (DTT)


COVERAGE AREA Benguet

Pangasinan Tarlac

Nueva Ecija Pampanga

Bulacan Metro Manila (3)

Rizal Cavite Laguna

Metro Cebu

Digital Terrestrial TV (DTT)


We Will Open Up 4 Additional Vis-Min Sites in 2016

GUIMARAS – APRIL 2016

CAGAYAN DE ORO – APRIL 2016

BACOLOD – MARCH 2016

DAVAO – DEC 2016

DAVAO (3.5kw) – JANUARY 21, 2016


KEY PARTNERSHIPS

37,128 41,629

45,484

39,938

44,326

0

10,000

20,000

30,000

40,000

50,000

Jul-Aug '15 Sep '15 Oct '15 Nov '15 Dec'15

2015 Visitor Attendance

KidZania Manila has more than 40 industry partners to date, including:


In T

ho

usa

nd

s

42 40 41

65 77

95 103 107 110

104 96 97

-

20

40

60

80

100

120

-

400

800

1,200

1,600

2,000

2,400

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

EOP ARPU

ABS-CBN Mobile Exclusive Content

and iWant TV Videos on

Demand

Capital Expenditures


514 1,180

2,863

3,369

1,881

4,230

-

2,000

4,000

6,000

8,000

10,000

2015 2016 BUDGET

Program Rights Pay TV Digital Initiatives, Maintenance and Others

8.8 billion

5.3 billion

Balance Sheet Highlights


Ratios 2014 2015

Current 2.1 1.8

Debt-to-Equity 0.8 0.7

Net Debt-to-Equity 0.3 0.3

In PHP Millions

67,237 70,424

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2014 2015

Total Assets

20,325 20,530

0

5,000

10,000

15,000

20,000

25,000

30,000

2014 2015

Total Borrowings

26,875 28,715

0

5,000

10,000

15,000

20,000

25,000

30,000

2014 2015

Equity

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.


THE END


abs-cbn corporation - pds group€¦ · abs-cbn corporation sgt. esguerra avenue, ... financial...

Documents