ABS-CBN Corporation - PDS Group · ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City,...
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ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines 12 May 2016 Philippine Dealing and Exchange Corporation 37 th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City Attention: Ms. Vina Vanesssa S. Salonga Head – Issuer Compliance and Disclosure Department Subject: ABS-CBN 1Q 2016 Investor’s Briefing Presentation Materials -------------------------------------------------------------------- Dear Ms. Salonga, We are submitting ABS-CBN Corporation’s 1Q 2016 Investor’s Briefing presentation materials. Thank you.
Transcript of ABS-CBN Corporation - PDS Group · ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City,...
ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines
12 May 2016
Philippine Dealing and Exchange Corporation 37th Floor, Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas Makati City Attention: Ms. Vina Vanesssa S. Salonga Head – Issuer Compliance and Disclosure Department
Subject: ABS-CBN 1Q 2016 Investor’s Briefing Presentation Materials
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Dear Ms. Salonga, We are submitting ABS-CBN Corporation’s 1Q 2016 Investor’s Briefing presentation materials.
Thank you.
Q1 2016 Investors’ BriefingFinancial and Operating Results
May 12, 2016
4,071 4,213
4,255 5,582
-
2,000
4,000
6,000
8,000
10,000
12,000
1Q'15 1Q'16
Ad Revenues Consumer Sales
ABS-CBN Investor Presentation2
Revenues
18%
In P
HP
Mill
ion
s
51%
49%
57%
43%
8,326
9,795
3%
31%
2,334 2,845
2,574 2,833
2,648
2,961
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
1Q'15 1Q'16
Costs and Expenses
ABS-CBN Investor Presentation5
In P
HP
Mill
ion
s
7,556
8,639
22%
10%
14%
12%Production
Costs
Cost of Sales
& Services
GAEX
1,823 2,163
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
1Q'15 1Q'16
569 761
-
1,000
2,000
3,000
4,000
5,000
1Q'15 1Q'16
Financial Summary
ABS-CBN Investor Presentation9
Net Revenues
In PHP Millions
EBITDA Net Income
18%
19%
34%
8,326 9,795
-
2,000
4,000
6,000
8,000
10,000
12,000
1Q'15 1Q'16
668
839
-
100
200
300
400
500
600
700
800
900
1Q'15 1Q'16
Financial Summary
ABS-CBN Investor Presentation10
In PHP Millions
26%
Net Income Attributable to Parent
1Q'16 1Q'15 % Ch 1Q'16 1Q'15 % Ch 1Q'16 1Q'15 % Ch
A. TV and Studio 7,219 5,924 22% 1,932 1,658 17% 1,072 901 19%
Margins 27% 28% 15% 15%
B. Pay TV Networks 2,069 1,960 6% 458 411 11% 23 19 21%
Margins 22% 21% 1% 1%
C. New Business 507 442 15% -227 -246 8% -334 -351 5%
TOTAL 9,795 8,326 18% 2,163 1,823 19% 761 569 34%
Margins (net of DTT Sales) 23% 23% 8% 7%
In Php MillionsRevenues EBITDA Net Income
Business Segments
ABS-CBN Investor Presentation11
* Numbers presented are net of ABS-CBNmobile TVCs.
TV and Studio’s remain strong with increase in net income of 19%
4,069
5,281
1Q'15 1Q'16
Net Revenues
2,702 3,019
1Q'15 1Q'16
Production Costs
TV and Studio – Free-to-Air
ABS-CBN Investor Presentation12
In PHP Millions
30%
*Net of ABS-CBNmobile TVCs
1Q 2016 Programs
12% Two programs added which helped boost revenues
Audience Share
ABS-CBN Investor Presentation14
Source: Kantar Media TV Measurement
Total PH Mega Manila Metro ManilaABS-CBN 2 44 31 35GMA 7 35 42 36TV 5 7 7 6
Audience ShareTOTAL DAY
Total PH Mega Manila Metro ManilaABS-CBN 2 and Sports + Action 49 35 40GMA 7 32 42 36TV 5 6 7 6
TOTAL PRIMETIMEAudience Share
Top Programs
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Rank Channel Program Ratings
1 ABS-CBN FPJ'S ANG PROBINSYANO 41.2 Weekday
2 ABS-CBN PILIPINAS GOT TALENT SUNDAY 35.1 Weekend
3 ABS-CBN PILIPINAS GOT TALENT SATURDAY 34.9 Weekend
4 ABS-CBN DOLCE AMORE 34.5 Weekday
5 ABS-CBN MMK ANG TAHANAN MO 32.9 Weekend
6 ABS-CBN WANSAPANATYM 29.5 Weekend
7 ABS-CBN TV PATROL WEEKDAY 28.3 Weekday
8 ABS-CBN HOME SWEETIE HOME 24.3 Weekend
9 ABS-CBN RATED K HANDA NA BA KAYO? 23.7 Weekend
10 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO 21.4 Weekend
Source: Kantar Media TV Measurement, March 2016
1,1061,359
1Q'15 1Q'16
Cost of Sales and Services
TV and Studio – Global
ABS-CBN Investor Presentation17
Global Viewership
In PHP Millions
17%23%
1,3111,529
1Q'15 1Q'16
Net Revenues
2,786 2,844
3,085 3,097
2013 2014 2015 YTD 2016
ABS-CBN and TFC kicked off the first quarter of 2016 with major events
TFC @ the Movies brought two highly rated Filipino Films to North America,
Europe and Middle East
187 210
1Q'15 1Q'16
Costs of Sales and Services
462380
1Q'15 1Q'16
Net Revenues
ABS-CBN Investor Presentation18
TV and Studio - Films and Music
In PHP Millions
1Q’15Box Office Receipts
1Q’16Box Office Receipts
Praybeyt Benjamin 2 455 Beauty and the Bestie 529
Feng Shui 244 All You Need is Pag-ibig 37
Halik sa Hangin 28 Everything About Her 151
Crazy Beautiful You 271 Always be my Maybe 105
Hele sa Hiwagang Hapis 4
17%
12%
Beauty and the Bestie is now the highest grossing film of all
time in the Philippines
1,909 2,005
1Q'15 1Q'16
Costs and Expenses
1,960 2,069
1Q'15 1Q'16
Net Revenues
Pay TV Networks - SkyCable
ABS-CBN Investor Presentation19
In PHP Millions
5%
SKY broadband revenues grew 44% in 2016.
Broadband Subscribers
6%
143 154
-
50
100
150
200
2015 1Q'16
Tho
usa
nd
s
Direct-to-home license released last December 2015
• More than 1.2 milion boxes sold
to date.
• Bacolod transmitter operational in
March 2016
Digital Terrestrial TV (DTT)
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COVERAGE AREABenguet
PangasinanTarlac
Nueva EcijaPampanga
BulacanMetro Manila (3)
RizalCaviteLaguna
Metro CebuBacolod
ABS-CBN Investor Presentation21
1Q’16 Visitor Attendance
Recently launched: Art and Design Academy
Kids can now see the world they run in a whole, new colorful light with the opening of the National Art and Design Academy. In partnership with National Bookstore and Dong-A, the play city now has maestros creating masterpieces and expressing themselves artistically.
ABS-CBN Investor Presentation22
In T
ho
usa
nd
s
ABS-CBN Mobile Exclusive Content
and iWant TV Videos on
Demand
96
98
100
94
95
96
97
98
99
100
101
500
550
600
January February March
EOP ARPU
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Kitchen-Art Wide Grill Elishacoy Magic LipstickLifestyle Stone Cookware Set
Elizabeth London
Premium Towel
ILO Ceramic Pot
0
10
20
30
40
50
60
70
80
Jan Feb Mar
2016
2015In M
illio
ns
Ph
p
Monthly Revenue
Capital Expenditures
ABS-CBN Investor Presentation25
265 326 558
915
3,043
3,672
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Program Rights Pay TV Digital Initiatives,Maintenance and Others
1Q'16 Remaining Balance
Spent Php 1.1B out of the Php 8.8 budget for 2016In
Mill
ion
s P
hp
Balance Sheet Highlights
ABS-CBN Investor Presentation26
Ratios 2015 2016
Current 1.88 1.79
Debt-to-Equity 0.7 0.7
Net Debt-to-Equity 0.3 0.3
In PHP Millions
70,424 71,818
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
2015 1Q'16
Total Assets
20,530 20,538
0
5,000
10,000
15,000
20,000
25,000
30,000
2015 1Q'16
Total Borrowings
28,715 28,971
0
5,000
10,000
15,000
20,000
25,000
30,000
2015 1Q'16
Equity
Except for historical and operating data and other information of historical matters, thestatements contained herein are “forward-looking statements”. The words “believe”, “intend”,“plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words arefrequently used to indicate these forward looking statements. Any such forward-lookingstatement is not a guarantee of future performance and involves a number of known andunknown risks, uncertainties and other factors that could cause the actual performance, financialcondition or results of operation of ABS-CBN to be materially different from any futureperformance, financial condition or results of operation implied by such forward-lookingstatement.
ABS-CBN Investor Presentation27
THE END
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