Slide 1: Letter to SEC and PSE transmitting presentation materials
GMA” November 18, 2013 SECURITIES AND EXCHANGE COMMISSION Attention: Director Justina F. Callangan Corporate Finance Department SEC Building, EDSA, Mandaluyong City PHILIPPINE STOCK EXCHANGE, INC. Attention: Ms. Janet A. Encarnacion Head, Disclosure Department 3" Floor, Philippine Stock Exchange Pla
Slide 2: 3rd Quarter 2013 Results
GMA NETWORK, INC. 3rd Quarter 2013 Results 18 November 2013
Slide 3: Ratings Update: 3rd Quarter 2013 Audience Shares
RATINGS UPDATE 3rd Quarter 2013 Audience Shares Based on Total Day (6am -12mn) - Households in TV Homes Mega Manila and Urban Luzon account for 59% and Source: Nielsen Phils TAM (Arianna) 76% of all Urban TV Households, respectively
Slide 4: Building a Global Brand: International Pay TV Channels
Building a Global Brand ... International Pay TV Channels Currently available in Australia, Canada, Guam, Japan , 18%YoY Madagascar, Malaysia, Middle East, North Africa, Palau, Saipan and Singapore Over 261 thousand subscriptions as of end September 2013* Developments: * The decrease in subscriber c
Slide 5: Building a Global Brand: Platinum Record Awards
Building a Global Brand ... 7X Platinum Record Award, 5X Platinum Digital Single Award 7X Platinum Record Award (combined physical and digital sales – over 110,000 units) Sales period covering August 15, 2012 to August 31, 2013 Additional 27,200 units sold from June 18, 2013 to August 31, 2013 5X Pl
Slide 6: Building a Global Brand: Program Syndication and Licensing
Building a Global Brand ... Program Syndication and Licensing Sold 2,303 Hours of Programs from January to September 2013 Selected 3Q 2013 Deals: Vietnam Sold Free, Pay/Satellite Rights of Makapiling Kang Muli, Sana Ay Ikaw Na Nga, Temptation Of Wife, Broken Vow, and Basahang Ginto. Malaysia Sold Fr
Slide 7: Consolidated Financial Report For the Nine Months Ended September 30, 2013
Consolidated Financial Report For the Nine Months Ended September 30, 2013 GMA Network, Inc. November 18, 2013
Slide 8: Consolidated Revenues: Quarter vs. Previous Quarter
CONSOLIDATED REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) • Revenues decreased by 13% vs. Q2 ’13. 4,000 3,484 3,027 3,000 Airtime revenues - 16% 2,000 3,221 2,695 Subscription and 1,000 others +26% Total 332 263 0 Revenues -13% Q3 '13 Q2 '13
Slide 9: Airtime Revenues: Quarter vs. Previous Quarter
AIRTIME REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) * Regular airtime revenues down by 3%. Q3 ’13 Q2 ‘13 Inc (Dec) TV Channel 7/RTV 2,531 3,011 (16%) Channel 11 (GNTV) 82 79 4% Radio 82 132 (38%) Airtime Revenues 2,695 3,221 (16%) Less: Non-recurring revenues -
Slide 10: Subscription and Other Revenues: Quarter vs. Previous Quarter
SUBSCRIPTION AND OTHER REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) Q3 ’13 Q2 ’13 Inc (Dec) International 254 224 13% Subsidiaries and others 78 39 104% Total Subscriptions and Others 332 263 26% ** Subscriber count Q3 ’13 Q2 ’13 Inc (Dec) GPTV 261,167 252,275 4
Slide 11: Consolidated Revenues: Third Quarter 2013 vs 2012
CONSOLIDATED REVENUES For the Third Quarter Ended September 30, 2013 and 2012 (In Millions PhP) • Revenues decreased by 11% vs. Q3 ’12. 4,000 3,409 3,027 3,000 Airtime revenues -14% 2,000 3,117 2,695 Subscription and 1,000 others +14% Total 332 292 0 Revenues -11% Q3 '13 Q3 '12
Slide 12: Airtime Revenues: Third Quarter 2013 vs 2012
AIRTIME REVENUES For the Third Quarter Ended September 30, 2013 and 2012 (In Millions PhP) Q3 ’13 Q3 ‘12 Inc (Dec) TV Channel 7/RTV 2,531 2,932 (14%) Channel 11 (GNTV) 82 75 10% Radio 82 110 (26%) Airtime Revenues 2,695 3,117 (14%) Less: Non-recurring revenues - 7 (100%) Regular Airtime Revenues 2,6
Slide 13: Subscription and Other Revenues: Third Quarter
SUBSCRIPTION AND OTHER REVENUES For the Quarter Ended September 30, 2013 and 2012 (In Millions PhP) Q3 ’13 Q3 ‘12 Inc (Dec) International 254 236 8% Subsidiaries and others 78 56 39% Total Subscriptions and Others 332 292 14% ** Subscriber count Q3 ’13 Q3 ’12 Inc (Dec) GPTV 261,167 319,737 (18%) GLT
Slide 14: Consolidated Revenues: Nine Months 2013 vs 2012
CONSOLIDATED REVENUES For the Nine Months Ended September 30, 2013 and 2012 (In Millions PhP) • Revenues grew by 4% vs. 9M ’12. 9,752 9,333 10,000 9,000 8,000 7,000 6,000 Airtime 8,866 8,473 revenues +5% 5,000 4,000 Subscription and 3,000 others +3% 2,000 1,000 Total 886 860 0 Revenues +4% 9M '13 9M
Slide 15: Airtime Revenues: Nine Months
AIRTIME REVENUES For the Nine Months Ended September 30, 2013 and 2012 (In Millions PhP) * Airtime revenues up 5% year-on-year. 9M ’13 9M ‘12 Inc (Dec) TV Channel 7/RTV 8,353 8,009 4% Channel 11 (GNTV) 204 180 14% Radio 309 285 9% Airtime Revenues 8,866 8,473 5% Less: Non-recurring revenues 724 29 2
Slide 16: Subscription and Other Revenues: Nine Months
SUBSCRIPTION AND OTHER REVENUES For the Nine Months Ended September 30, 2013 and 2012 (In Millions PhP) 9M ’13 9M ’12 Inc (Dec) International 725 705 3% Subsidiaries and others 161 155 4% Total Subscriptions and Others 886 860 3% ** Subscriber count 9M ’13 9M ’12 Inc (Dec) GPTV 261,167 319,737 (18%)
Slide 17: Consolidated Operating Expenses: Nine Months
CONSOLIDATED OPERATING EXPENSES For the Nine Months Ended September 30, 2013 and 2012 (In Millions PhP) * Total OPEX of P7.601 billion grew by a single-digit year-on-year. 8,000 7,601 7,104 7,000 6,000 3,385 3,367 5,000 4,000 GAEX +1% 3,000 2,000 4,216 Prod costs +13% 55% 3,737 53% 1,000 0 9M '13 9M
Slide 18: Financial Highlights: Nine Months
FINANCIAL HIGHLIGHTS For the Nine Months Ended September 30, 2013 and 2012 (In Millions PhP) EBITDA was up 3% vs. 2012. Net Income decreased by 6%. 22,000 20,000 18,000 9,752 9,333 16,000 14,000 12,000 Revenues +4% 10,000 8,000 7,601 7,104 Expenses +7% 6,000 4,000 EBITDA +3% 3,138 3,046 2,000 Net In
Slide 19: Income Statement Quarterly Performance
INCOME STATEMENT Quarterly Performance Y2009 Y2010 Y2011 Y2012 Y2013 4000 3500 3484 3348 3131 3136 3184 3082 3300 3249 3241 3049 3027 3000 2910 2819 2815 2876 2813 2668 2721 2624 2500 2527 2438 2416 2516 2354 2325 2365 2254 2287 2280 2206 2187 2056 2048 2046 2000 1927 1989 1890 1609 1500 1000 860 78
Slide 20: Capital Expenditures
CAPITAL EXPENDITURES (In Millions PhP) Capital Expenditures amounted to P490M as of September 30, 2013. 1200 1,004 1Q 1Q 1000 REMAINING 800 514 600 896 956 400 832 628 600 428 490 9M 200 0 2007 2008 2009 2010 2011 2012 2013
Slide 21: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (In Millions PhP) Current Assets 15,000 Current Liabilities 10,000 15,000 10,000 5,000 7,514 7,316 Current Ratio 0 3.00 5,000 9M '13 9M '12 3,674 3,823 2.00 0 2.05 9M '13 9M '12 1.00 1.91 Total Assets 0.00 Total Liabilities Equity 15,000 9M '13 9M '12 15,000 10,000 13,035
Slide 22: Thank you!
Thank you! Kapuso ng pamilyang Pilipino, anumang kulay ng buhay.