Slide 1: Cover letter to SEC and PSE
August 13, 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 Plaza Ayal
Slide 2: 2nd Quarter/1st Half 2013 Results
GMA NETWORK, INC. 2nd Quarter/1st Half 2013 Results 13 August 2013
Slide 3: Ratings Update: 2nd Quarter 2013 Audience Shares
RATINGS UPDATE 2nd Quarter 2013 Audience Shares GMA still leads in the Key Markets of Mega Manila and Urban Luzon 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: Ratings Update: July 2013 Audience Shares
RATINGS UPDATE July 2013 Audience Shares Strong performance by GMA in all Areas! 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 5: Building a Global Brand: International Pay TV Channels
Building a Global Brand ... International Pay TV Channels Currently available in Australia, Canada, Guam, Japan, 20%YoY Madagascar, Malaysia, Middle East and North Africa, Palau and Singapore Over 252 thousand subscriptions as of end June 2013* Developments: * The decrease in subscriber count was du
Slide 6: Building a Global Brand: Platinum Record Awards
Building a Global Brand... 5X Platinum Record Award, 4X Platinum Digital Single Award 5X Platinum Record Award (combined physical and digital sales – over 83,000 units) Sales period covering August 15, 15 2012 to June 17, 17 2013 Additional 31,000 units sold from February 27, 2013 to June 17, 2013 4
Slide 7: Building a Global Brand: Program Syndication and Licensing
Building a Global Brand ... Program Syndication and Licensing Sold 1,438 Hours of Programs for the 1st Half 2013! Selected 2Q 2013 Deals: Vietnam Sold Free, Pay/Satellite Rights of Endless Love, Amaya, My Beloved, First Time; and Free/Pay TV Rights of One True Love, The Promise, Moments of Love, My
Slide 8: Consolidated Financial Report for the First Half
Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013
Slide 9: Consolidated Net Revenues (vs. previous quarter)
CONSOLIDATED NET REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) •Net revenues increased by 7% vs. Q1 ‘13. 4,000 3,484 3,241 263 3,000 291 Airtime revenues +9% 2,000 3,221 2,950 Subscription and 1 000 1,000 others -10% Total 0 Revenues +7% Q2 '13 Q1 '13
Slide 10: Airtime Revenues (vs. previous quarter)
AIRTIME REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) * GNTV-11 and Radio airtime revenues up by double-digit percentages. Q2 ‘13 Q1 ‘13 Inc (Dec) TV Channel 7/RTV 3,011 2,811 7% Channel 11 (GNTV) 79 44 79% Radio 132 95 38% Net Airtime Revenues 3,221 2,950 9% Les
Slide 11: Subscription and Other Revenues (vs. previous quarter)
SUBSCRIPTION AND OTHER REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP) Q2 ‘13 Q1 ‘13 Inc (Dec) International 224 247 (9%) Subsidiaries and others 39 44 (12%) Total Subscriptions and Others 263 291 (10%) ** Subscriber count Q2 ‘13 Q1 ‘13 Inc (Dec) GPTV 252,275 329,9
Slide 12: Consolidated Net Revenues: Second Quarter
CONSOLIDATED NET REVENUES For the Second Quarter Ended June 30, 2013 and 2012 (In Millions PhP) •Net revenues increased by 6% vs. Q2 ‘12. 4,000 3,484 3,300 263 279 3,000 Airtime revenues +7% 2,000 3,221 3,021 Subscription and 1 000 1,000 others -6% Total 0 Revenues +6% Q2 '13 Q2 '12
Slide 13: Airtime Revenues: Second Quarter
AIRTIME REVENUES For the Second Quarter Ended June 30, 2013 and 2012 (In Millions PhP) * GNTV-11 and Radio airtime climbed 28% and 33%, respectively. Q2 ‘13 Q2 ‘12 Inc (Dec) TV Channel 7/RTV 3,011 2,861 5% Channel 11 (GNTV) 79 61 28% Radio 132 99 33% Net Airtime Revenues 3,221 3,021 7% Less: Non-rec
Slide 14: Subscription and Other Revenues: Second Quarter
SUBSCRIPTION AND OTHER REVENUES For the Second Quarter Ended June 30, 2013 and 2012 (In Millions PhP) Q2 ‘13 Q2 ‘12 Inc (Dec) International 224 238 (6%) Subsidiaries and others 39 41 (5%) Total Subscriptions and Others 263 279 (6%) ** Subscriber count Q2 ‘13 Q2 ‘12 Inc (Dec) GPTV 252,275 313,995 (20
Slide 15: Consolidated Net Revenues: First Half
CONSOLIDATED NET REVENUES For the First Half Ended June 30, 2013 and 2012 (In Millions PhP) •Net revenues increased by 14% vs. 1H ‘12. 7,000 6,725 554 5,924 6,000 568 5,000 Airtime 4,000 revenues +15% 3,000 6,171 5,356 Subscription and 2,000 others -2% 1,000 Total 0 Revenues +14% 1H '13 1H '12
Slide 16: Airtime Revenues: First Half
AIRTIME REVENUES For the First Half Ended June 30, 2013 and 2012 (In Millions PhP) * Airtime revenues up 15% year-on-year. 1H ‘13 1H ‘12 Inc (Dec) TV Channel 7/RTV 5,822 5,076 15% Channel 11 (GNTV) 123 105 16% Radio 227 174 30% Net Airtime Revenues 6,171 5,356 15% Less: Non-recurring Non recurring p
Slide 17: Subscription and Other Revenues: First Half
SUBSCRIPTION AND OTHER REVENUES For the First Half Ended June 30, 2013 and 2012 (In Millions PhP) 1H ‘13 1H ‘12 Inc (Dec) International 471 469 0.4% Subsidiaries and others 83 99 (16%) Total Subscriptions and Others 554 568 (2%) ** Subscriber count 1H ‘13 1H ‘12 Inc (Dec) GPTV 252,275 313,995 (20%)
Slide 18: Consolidated Operating Expenses
CONSOLIDATED OPERATING EXPENSES For the First Half Ended June 30, 2013 and 2012 (In Millions PhP) * Total OPEX of P5.086 billion grew by 13% year-on-year. 6,000 5,500 5,086 5,000 4,516 4,500 4,000 2,292 3,500 2,104 3,000 GAEX +9% 2,500 2,000 Prod costs +16% 1,500 2,793 1,000 , 55% 2,412 53% 500 0 1H
Slide 19: Financial Highlights
FINANCIAL HIGHLIGHTS For the First Half Ended June 30, 2013 and 2012 (In Millions PhP) EBITDA was up 19% vs. 2012. Net Income also increased by 12%. 16,000 14,000 12,000 6,725 10,000 5,924 Revenues +14% 8,000 6,000 5,086 Expenses +13% 4,516 4,000 EBITDA +19% 2,000 2,291 1,918 Net Income +12% 0 1,135
Slide 20: 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 3000 2910 2819 2876 2815 2813 2668 2721 2624 2500 2527 2438 2416 2354 2325 2365 2254 2287 2280 2206 2187 2056 2048 2046 2000 1890 1927 1989 1609 1500 1000 860 855 834 788
Slide 21: Capital Expenditures
CAPITAL EXPENDITURES (In Millions PhP) C it l E Capital Expenditures dit amounted t d tto P360M as off JJune 30 30, 2013 2013. 1200 1,004 1000 REMAINING 800 644 600 896 956 400 832 628 600 428 1H 200 360 0 2007 2008 2009 2010 2011 2012 2013
Slide 22: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (In Millions PhP) Current u e Assets sse s Current Liabilities 15,000 15,000 10,000 10,000 5,000 7,313 5,000 7,286 Current Ratio 3,891 , 0 3 00 3.00 2 946 2,946 0 1H '13 1H '12 1H '13 1H '12 2.00 2.47 1.88 1.00 Total Assets 0.00 Total Liabilities Equity 15,000 1H '13 1H '
Slide 23: Thank you!
Thank you! y Kapuso ng pamilyang Pilipino, anumang kulay ng buhay.