Gma Network, Inc. · PSE:GMA7

Gma Network — Q1 2012 Earnings Presentation

16 slides from Gma Network's earnings presentation, May 16, 2012

1. Slide 1: Cover letter to SEC and PSE

   May 16, 2012 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 Plaza Ayala A

2. Slide 2: First Quarter 2012 Results

   GMA NETWORK, INC. First Quarter 2012 Results 16 May 2012

3. Slide 3: Ratings Update: Continued Dominance in Mega Manila

   RATINGS UPDATE Continued Dominance in Mega Manila Household Ratings Jan 2012! Feb! Mar ! Apr ! GMA leads ABS by 6.4 points and TV5 by 9.9 points GMA! 16.7! 17.1! 16.4! 15.9! Based on an estimated 5 viewers ABS! 9.7! 10.4! 10.6! 9.5! per Household, GMA’s lead is TV5! 6.5! 6.1! 5.9! 6.0! equivalent to

4. Slide 4: Ratings Update: Continued Leadership in Urban Luzon

   RATINGS UPDATE Continued Leadership in Urban Luzon Household Ratings Jan 2012! Feb! Mar ! Apr ! GMA leads ABS by 5.4 points GMA! 15.9! 16.1! 15.5! 15.2! and TV5 by 9.6 points ABS! 10.2! 10.8! 10.9! 9.8! Based on an estimated 5 viewers per Household, GMA’s lead is TV5! 6.0! 5.8! 5.6! 5.6! equivalent

5. Slide 5: Ratings Update: Number 1 Nationwide

   RATINGS UPDATE Number 1 NATIONWIDE Household Ratings Jan 2012! Feb! Mar ! Apr ! GMA continues to lead ABS by GMA! 14.5! 14.4! 13.8! 13.5! 2.3 points and TV5 by 7.8 points ABS! 11.4! 12.1! 12.3! 11.2! Based on an estimated 5 viewers per Household, GMA’s lead is TV5! 6.0! 5.8! 5.7! 5.7! equivalent to

6. Slide 6: Building a Global Brand: International Pay TV and Syndication

   Program Syndication and Building a Global Brand ... Licensing … 1Q 2012 Deals International Pay TV Channels … International Media Corp – Sold Free and Pay TV rights of Sinner or Saint for telecast in Vietnam 10% YoY 4% YoY DM Don Square – Sold Free TV rights of Marimar, My Name is Kim Sam Soon, I.T.

7. Slide 7: Consolidated Financial Report for the First Quarter 2012

   Consolidated Financial Report For the First Quarter 2012 GMA Network, Inc. May 16, 2012

8. Slide 8: Consolidated Gross Revenues

   CONSOLIDATED GROSS REVENUES For the First Quarter Ended March 31, 2012 and 2011 Gin Millions PhP) * Revenues from advertising, subscriptions and others decreased by 4% vs. Q1°11. 4,000 Qi'12 Qi ‘11

9. Slide 9: Airtime Revenues

   AIRTIME REVENUES For the First Quarter Ended March 31, 2012 and 2011 (In Millions PhP) * Ch-7 airtime revenues down 6%, Ch-11 up 7%. Q1 ’12 Q1 ‘11 Inc (Dec) TV Channel 7/RTV 2,574 2,736 (6%) Channel 11 (GNTV/QTV) 48 45 7% Radio 85 85 - Total Airtime Revenues 2,707 2,865 (6%)

10. Slide 10: Subscription and Other Revenues

    SUBSCRIPTION AND OTHER REVENUES For the First Quarter Ended March 31, 2012 and 2011 (In Millions PhP) Q1 ‘12 Q1 ‘11 Inc (Dec) International 231 230 0.2% Subsidiaries and others 64 43 51% Total Subscriptions and Others 295 273 8%

11. Slide 11: Consolidated Operating Expenses

    CONSOLIDATED OPERATING EXPENSES For the First Quarter Ended March 31, 2012 and 2011 (in Millions PhP) * Total OPEX of P2.046 billion inched up by only 3% vs. Q1 11. eiiiti Qi ‘12

12. Slide 12: Financial Highlights

    FINANCIAL HIGHLIGHTS For the First Quarter Ended March 31, 2012 and 2011 (in Millions PhP) EBITDA and Net Income were down 18% and 27%, respectively. 7,000 6,500 | 6,000 | 5,500 ; 5,000 - 002 138 4,500 5 4,000 | ‘Revenues -4% 3,500 ; 3,000 | F 2500 | 4 989 \Expenses +3% 2,000 - 1,500 DA-18% 1,000 |

13. Slide 13: Revenue Performance per Quarter 2007-2012

    REVENUE PERFORMANCE PER QUARTER For the Years 2007 – 2012 (in Millions PhP) Y2007 Y2008 Y2009 Y2010 Y2011 Y2012 181 279 3684 1081 3587 3481 35033467 3424 3319 973 3311 3384 315031233239 3133 3138 2858 29663002 2564 2651 2652 2525 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Regular

14. Slide 14: Revenue Contribution 2007-2012

    REVENUE CONTRIBUTION For the Years 2007-2012 YEAR Q1 Q2 Q3 Q4 2012 20% * 2011 24% 27% 26% 23% 53% 47% 2010 45% 55% 46% 54% 2009 45% 55% 2008 47% 52% 2007 47% 53% Net of poli*cal advocacies and poli*cal adver*sements

15. Slide 15: Capital Expenditures

    CAPITAL EXPENDITURES (In Millions PhP) Capital Expenditures for 2012 projected at P679M. 896 679 REMAINING Q1

16. Slide 16: Consolidated Balance Sheets

    CONSOLIDATED BALANCE SHEETS (in Millions PhP) C Current Assets 0 Current Liabilities 15,000 10,000 5,000 0 aR qa‘ 4158 38 2m & Total Assets — on 15,088 qu'12 an 18,008 5,808 e g1 12 gu Qu qu

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