Abs-cbn Corporation · PSE:ABS
Abs-cbn — FY2015 Earnings Presentation
21 slides from Abs-cbn's earnings presentation, Mar 18, 2016
Slide 1: Full Year 2015 Investor's Briefing
Full Year 2015 Investor’s Briefing Financial and Operating Results March 18, 2016 1 ABS-CBN Investor Presentation
Slide 2: Revenues
Revenues 38,278 14.1% 40,000 33,544 In PHP Millions 32,000 21,265 12.6% 24,000 18,880 56% 16,000 56% 16.0% 8,000 17,013 14,664 44% 44% 0 2014 2015 Ad Revenues Consumer Sales 2 ABS-CBN Investor Presentation
Slide 3: Costs and Expenses
Costs and Expenses 48,000 40,000 34,686 14.2% 30,370 32,000 In PHP Millions 11,434 3.9% Production 24,000 11,008 Costs 11,474 16,000 Cost of Sales 24.1% 9,248 & Services 8,000 10,114 11,778 GAEX 16.4% 0 2014 2015 3 ABS-CBN Investor Presentation
Slide 4: Financial Summary
Financial Summary In PHP Millions Net Revenues EBITDA Net Income 45,000 10,000 4,500 14.1% 40,000 9,000 4,000 6.2% 35,000 8,000 3,500 7,000 30,000 3,000 25.4% 6,000 25,000 2,500 5,000 20,000 38,278 2,000 4,000 7,940 33,544 7,476 15,000 1,500 3,000 2,545 10,000 2,000 1,000 2,030 5,000 1,000 500 0 0 0
Slide 5: Financial Summary
Financial Summary In PHP Millions Net Income Attributable to Parent 3,500 22.8% 3,000 2,500 2,000 1,500 2,932 2,387 1,000 500 - 2014 2015 5 ABS-CBN Investor Presentation
Slide 6: Business Segments - Reported
Business Segments - Reported TV and Studio remain strong with margins improving from 11.6% to 13.9%. Revenues EBITDA Net Income In Php Millions 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
Slide 7: TV and Studio – Free-to-Air
TV and Studio – Free-to-Air In PHP Millions Net Revenues Production Costs Broadcast revenues increased 15.1% 2.4% by 15.1% fuelled by ABS-CBN’s continued leadership in audience shares and ratings. 19,675 17,092 7,692 7,878 Produced 10% more programming hours versus last year. 2014 2015 2014 2015 *Ne
Slide 8: Audience Share
Audience Share 60.0 50.0 45.3 41.5 38.0 38.5 40.0 32.6 Total Day 28.8 ABS-CBN 2 30.0 GMA 7 ABS-CBN continues to 20.0 TV 5 be the clear leader in 10.0 6.6 7.1 6.2 audience shares and 0.0 ratings as more Total PH Mega Manila Metro Philippine households 60.0 tuned in to ABS-CBN 48.6 50.0 during primeti
Slide 9: Ratings
Ratings Total Philippines (Urban + Rural) Total Day Primetime Ratings 2014 2015 2014 2015 Strong primetime ABS-CBN 2 13.0 14.5 19.1 21.7 programs widened the GMA 7 10.0 11.9 13.2 13.6 TV 5 2.7 2.5 2.6 3.1 gap in ratings. Others 4.0 4.8 4.2 5.6 Metro Manila Mega Manila Total Day Primetime Total Day P
Slide 10: Top Programs – ALL GENRES
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 BOSES NG BULILIT MULING 6 ABS-CBN BIBIRI
Slide 11: TV and Studio – Global
TV and Studio – Global In PHP Millions Net Revenues Cost of Sales and Services Global Viewership 8.3% 3,085 5.7% 2,786 2,844 2,522 3,399 3,682 5,651 5,976 2012 2013 2014 2015 2014 2015 2014 2015 Initiatives Launched English-subtitled programs on TFC to engage non- Filipino speaking audiences. Wi
Slide 12: TV and Studio - Films and Music
TV and Studio - Films and Music In PHP Millions Net Revenues Costs of Sales and Services Non-theatrical revenues 10.5% increased by 14% Branded entertainment TV rights 3.1% 1,161 1,282 Retail Sales Global and Sky pay-per-view 454 468 Digital sales 2014 2015 2014 2015 International syndic
Slide 13: Pay TV Networks - SkyCable
Pay TV Networks - SkyCable In PHP Millions Net Revenues Costs and Expenses 4.1% 7.3% 7,764 8,083 7,898 SKY broadband revenues grew 7,360 30% in 2015. 2014 2015 2014 2015 DTH License released last December 2015 Broadband Subscribers o will expand reach around the country. 180 o to roll-out its DTH
Slide 14: Digital Terrestrial TV (DTT)
Digital Terrestrial TV (DTT) COVERAGE AREA • More than 1 milion boxes sold to Benguet Pangasinan date. Tarlac Nueva Ecija • Plans for 4 more transmitters in the Pampanga Vis Min Area over the next six Bulacan Metro Manila (3) months. Rizal Cavite Laguna Metro Cebu 14 ABS-CBN Investor Presentation
Slide 15: Digital Terrestrial TV (DTT) - 2016 Vis-Min Sites
Digital Terrestrial TV (DTT) We Will Open Up 4 Additional Vis-Min Sites in 2016 GUIMARAS – APRIL 2016 BACOLOD – MARCH 2016 CAGAYAN DE ORO – APRIL 2016 DAVAO (3.5kw) – JANUARY 21, 2016 DAVAO – DEC 2016 15 ABS-CBN Investor Presentation
Slide 16: KidZania Manila Key Partnerships
2015 Visitor Attendance KEY PARTNERSHIPS 50,000 45,484 44,326 KidZania Manila has more than 40 41,629 39,938 40,000 37,128 industry partners to date, including: 30,000 20,000 10,000 0 Jul-Aug '15 Sep '15 Oct '15 Nov '15 Dec'15 16 ABS-CBN Investor Presentation
Slide 17: ABS-CBN Mobile and iWant TV
2,400 107 110 120 103 104 95 96 97 2,000 100 77 In Thousands 1,600 65 80 1,200 60 42 40 41 800 40 400 20 - - 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 17 ABS-CBN Investor Presentation
Slide 18: Capital Expenditures
Capital Expenditures 10,000 8.8 billion 8,000 4,230 6,000 5.3 billion 1,881 4,000 3,369 2,000 2,863 1,180 514 - 2015 2016 BUDGET Program Rights Pay TV Digital Initiatives, Maintenance and Others 18 ABS-CBN Investor Presentation
Slide 19: Balance Sheet Highlights
Balance Sheet Highlights In PHP Millions Total Assets Total Borrowings Equity 80,000 30,000 30,000 70,000 25,000 25,000 60,000 20,000 20,000 50,000 40,000 15,000 15,000 28,715 67,237 70,424 26,875 30,000 10,000 20,325 20,530 10,000 20,000 5,000 5,000 10,000 0 0 0 2014 2015 2014 2015 2014 2015 Ratios
Slide 20: Forward-looking statements
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 i
Slide 21: THE END
THE END 21 ABS-CBN Investor Presentation