Gma Network, Inc. · PSE:GMA7
Gma Network — Q1 2014 Earnings Presentation
16 slides from Gma Network's earnings presentation, May 5, 2014
Slide 1: GMA Network, Inc. 1st Quarter 2014 Results
GMA NETWORK, INC. 1st Quarter 2014 Results 5 May 2014
Slide 2: Ratings Update 1st Quarter 2014 Audience Shares
RATINGS UPDATE 1st Quarter 2014 Audience Shares Based on Total Day (6am -12mn) - Households in TV Homes Effective January 2014, Mega Manila and Urban Luzon account for 60% and Source: Nielsen Phils TAM (Arianna) 77% of all Urban TV Households respectively
Slide 3: Building a Global Brand: International Pay TV Channels
Building a Global Brand ... International Pay TV Channels 18%YoY Over 271 thousand subscriptions as of Currently available in Canada, Middle East, North March 2014* Africa, Australia, Guam, Saipan, Japan , Madagascar, Malaysia, Singapore and Palau Developments: 30%YoY * The decrease in subscriber co
Slide 4: Building a Global Brand
Building a Global Brand ... 9X Platinum Record Award (combined physical and digital sales – over 135,700 units) Sales period covering August 15, 2012 to February 28, 2014 Additional 10,700 units sold from January 1, 2014 to February 28, 2014 Gold Record Award (combined physical and digital sales – o
Slide 5: Building a Global Brand: Program Syndication and Licensing
Building a Global Brand ... Program Syndication and Licensing Selected 1Q 2014 Deals Vietnam Sold Free TV and Pay TV Rights of La Vendetta, Ang Babaeng Hinugot Sa Aking Tadyang, Ikaw Sana, Gumapang Ka Sa Lusak, Dapat ka Bang Mahalin?, Love and Lies, Pahiram Ng Sandali, Blusang Itim, Forever, Coffee
Slide 6: Building a Global Brand: 2014 International Awards
Building a Global Brand ... 2014 International Awards 73rd Annual George Foster Peabody Awards • GMA’s special coverage on typhoon Yolanda This is the Network and the country’s fourth Peabody Award. GMA is the only news and public affairs organization in the country to have received this prestigious
Slide 7: Consolidated Financial Report For the First Quarter
Consolidated Financial Report For the First Quarter Ended March 31, 2014 GMA Network, Inc. May 5, 2014
Slide 8: Consolidated Revenues
CONSOLIDATED REVENUES For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP) • Recurring revenues slightly decreased by 4% vs. Q1 ’13. 4,000 2,964 3,000 2,851 Airtime 2,000 revenues -5% 2,543 2,673 Subscription and 1,000 others +6% 308 291 Total 0 Revenues -4% 3M '14 3M '13 Total reven
Slide 9: Airtime Revenues
AIRTIME REVENUES For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP) 3M ’14 3M ’13 Inc (Dec) TV Channel 7/RTV 2,407 2,811 (14%) Channel 11 (GNTV) 59 44 34% Radio 77 95 (19%) Airtime Revenues 2,543 2,950 (14%) Less: Pol ads/advocacies - 278 (100%) Regular Airtime Revenues 2,543 2,673
Slide 10: Subscription and Other Revenues
SUBSCRIPTION AND OTHER REVENUES For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP) 3M ’14 3M ’13 Inc (Dec) International 258 247 4% Subsidiaries and others 50 44 13% Total Subscriptions and Others 308 291 6% * Subscriber count 3M ’14 3M ’13 Inc (Dec) GPTV 271,194 329,981 (18%) GLTV
Slide 11: Consolidated Operating Expenses
CONSOLIDATED OPERATING EXPENSES For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP) * Total OPEX of P2.363 billion was reduced by less than one percent. 3,000 2,363 2,365 2,000 1,089 994 GAEX +10% 1,000 Prod costs -7% 1,274 54% 1,371 58% 0 3M '14 3M '13
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP) EBITDA was down by 31% vs. 2013. Net Income decreased by 46%. 8,000 6,000 3,241 2,851 Revenues -12% 4,000 2,365 Expenses -0.1% 2,000 2,363 EBITDA -31% 1,193 823 Net Income -46% 0 325 601 3M '14 3M '13
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES (In Millions PhP) Capital Expenditures amounted to P133 million as of March 31, 2014. 1200 1,065 1000 800 REMAINING 600 932 896 956 400 832 628 673 600 428 200 3M 133 0 2007 2008 2009 2010 2011 2012 2013 2014
Slide 14: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (In Millions PhP) Current Assets 15,000 Current Liabilities 10,000 15,000 10,000 5,000 7,885 Current Ratio 7,030 3.00 5,000 0 3M '14 3M '13 3,664 4,127 2.00 0 2.15 3M '14 3M '13 1.00 1.70 Total Assets 0.00 Total Liabilities Equity 15,000 3M '14 3M '13 15,000 10,000 13,795
Slide 15: Historical Dividend Declaration
HISTORICAL DIVIDEND DECLARATION For Years 2008-2014 Year Amount/Sh Total % of PY's NI* PY's NI* 2008 0.25 1,214,163,001 53% 2,285,798,065 2009 0.35 1,701,069,453 73% 2,342,588,827 2010 0.45 2,187,089,297 77% 2,841,817,112 0.25 1,215,049,069 43% 2011 0.45 2,187,089,297 78% 2,820,827,053 2012 0.40 1,9
Slide 16: Thank you!
Thank you! Kapuso ng pamilyang Pilipino, anumang kulay ng buhay.