Abs-cbn Corporation · PSE:ABS
Abs-cbn — Q2 2015 Earnings Presentation
24 slides from Abs-cbn's earnings presentation, Aug 12, 2015
Slide 1: 2nd Quarter 2015 Investor's Briefing
2nd Quarter 2015 Investor’s Briefing Financial and Operating Results August 12, 2015 1
Slide 2: Operational Highlights
Operational Highlights ABS-CBN teams up with 22 groups KidZania Manila officially opened its doors to for biggest coverage of 2016 the public on August 7, 2015, letting children national elections take on different roles in real-life establishments NCAA launched season ABS-CBN launched multi- 91 and
Slide 3: Total revenues increased 8.3%
Revenues - Reported For the period ended June 30, 2015 Total revenues increased 8.3% In PHP Millions 16,378 17,736 8.3% 20,000 18,000 16,000 14,000 7.7% 9,500 12,000 8,819 54% 10,000 54% 8,000 6,000 4,000 7,559 8,236 9.0% 46% 2,000 46% - 1H'14 1H'15 Ad Revenues Consumer Sales 3
Slide 4: Production costs down 2.3%
Costs and Expenses For the period ended June 30, 2015 Production costs down 2.3% In PHP Millions 15,092 16,043 6.3% 18,000 16,000 14,000 Production 2.3% 5,419 12,000 5,549 Costs 10,000 8,000 Cost of Sales 5,407 13.9% 4,749 & Services 6,000 4,000 2,000 4,794 5,217 8.8% GAEX - 1H'14 1H'15 4
Slide 5: Financial Summary
Financial Summary For the period ended June 30, 2015 In PHP Millions Net Revenues EBITDA Net Income 20,000 4,500 1,400 8.3% 13.4% 20.4% 18,000 4,000 1,200 16,000 3,500 14,000 1,000 3,000 12,000 800 2,500 10,000 17,736 2,000 3,888 600 1,198 8,000 16,378 3,430 1,500 995 6,000 400 1,000 4,000 200 2,000
Slide 6: Business Segments - Reported
Business Segments - Reported For the period ended June 30, 2015 TV and Studio business increased significantly by 38.3% Revenues EBITDA Net Income In Php Millions 1H'15 1H'14 % Ch 1H'15 1H'14 % Ch 1H'15 1H'14 % Ch A. TV and Studio 13,173 12,502 5.4% 3,581 3,063 16.9% 1,914 1,384 38.3% Margins 27.2%
Slide 7: TV and Studio – Broadcast
TV and Studio – Broadcast In PHP Millions Net Revenues Production Costs 7.1% 1.0% 8,162 8,742 5,250 5,198 1H'14 1H'15 1H'14 1H'15 * Net of ABS-CBNmobile TVCs ABS-CBN Becomes Stronger in 2nd Quarter Audience Share Nationwide Viewership TOTAL DAY PRIMETIME CHANNELS Total PH Mega Metro Total Mega Metro
Slide 8: Audience Share
Audience Share Source: Kantar Media 8
Slide 9: Audience Share
Audience Share ABS-CBN sustained its leadership in nationwide TV viewing across urban and rural homes Source: Kantar Media 9
Slide 10: ABS-CBN shows dominated national ratings
TV and Studio – Broadcast ABS-CBN shows dominated national ratings 2nd Quarter 2015 Top 20 Programs Rank Channel Program Share 1 ABS-CBN THE VOICE KIDS SUNDAY 40.0 Weekend 2 ABS-CBN THE VOICE KIDS SATURDAY 39.1 Weekend 3 ABS-CBN MMK ANG TAHANAN MO 37.8 Weekend 4 ABS-CBN YOUR FACE SOUNDS FAMILIAR SAT
Slide 11: ABS-CBN continues to be the channel of choice
TV and Studio – Broadcast ABS-CBN continues to be the channel of choice “Thank You sa Malasakit: Pope Francis sa 13.2% Pilipinas”, ABS-CBN’s Special Coverage of vs Pope Francis’ visit last January 15-19, 10.9% 2015. More viewers tuned in to ABS-CBN for 24.0% “Battle of Greatness: Pacquiao vs vs Mayw
Slide 12: TV and Studio – Global
TV and Studio – Global In PHP Millions Global’s subscription business Net Revenues Cost of Sales and Services continues to grow, with subscriber 4.6% count increasing by 5% versus 1st 298 259 half of last year. Advertising 4.4% 833 726 Retails and Overall viewership count increased Others by 3%. We
Slide 13: TV and Studio – Films and Music
TV and Studio – Films and Music In PHP Millions Net Revenues Cost of Sales and Services Star Cinema released 8 movies in the first half of 2015. 11.4% Branded entertainment increased significantly by 8% compared to 10.9% 2014. 876 776 413 368 1H'14 1H'15 1H'14 1H'15 DISTRIBUTION PLATFORMS Kapamilya
Slide 14: TV and Studio – Narrowcast and Sports
TV and Studio – Narrowcast and Sports In PHP Millions Net Revenues Direct Costs and Expenses Increase of Php191M fuelled by 25.7% theatrical release of “That Thing 5.4% Called Tadhana”, pay-per view subscription of Pacquiao- Mayweather fight, and release of 935 best-selling books during the year. 74
Slide 15: Digital Statistics
Digital Statistics Number 1 vs Philippine Websites Number 5 vs All Websites Ranking* Property Ranking** Website 1 ABS-CBNnews.com 1 Facebook.com 2 Inquirer.net 2 Google.com.ph 3 Lazada 3 Google.com 4 OLX 4 Youtube.com 5 Rappler 5 ABS-CBNnews.com 6 GMA 6 Yahoo.com 7 Metro Deal 7 Wikipedia.com 8 BPI O
Slide 16: International Distribution
International Distribution Recognized in the global arena as a reliable foreign content provider. ABS-CBN International Distribution has been a premier source of high quality Filipino programming in over 50 territories all over the world and has sold over 30,000 hours of content worldwide. ABS-CBN I
Slide 17: Pay TV Networks – Sky
Pay TV Networks – Sky In PHP Millions Net Revenues Direct Costs and Expenses Our broadband subscriber base continues to expand, growing 4.4% by 30% in 2015. 7.6% Total revenues grew by 4.4% 3,822 3,991 driven by a 2% increase in cable 2,539 2,733 revenues and 25% increase in broadband revenues. 1H'1
Slide 18: Digital Terrestrial TV (DTT)
Digital Terrestrial TV (DTT) • More than 500,000 boxes to date. COVERAGE AREA Benguet Pangasinan Tarlac Nueva Ecija Pampanga Bulacan • Additional 4 exclusive channels with no Metro Manila additional cost. Rizal Cavite All –day movie channel Laguna Metro Cebu All-day kid’s channel News Curriculum-bas
Slide 19: More than doubled the ARPU vs Q1 2015
More than doubled the ARPU vs Q1 2015. 100 80 90 60 40 20 40 - Q1 2015 Q2 2015 ARPU 19
Slide 20: Capital Expenditures
Capital Expenditures Spent Php 3.1B out of the Php 8.5B budget for 2015 4,500 4,095 4,000 3,500 3,149 In PHP Millions 3,000 2,500 3,178 1,596 2,000 1,500 1,212 1,000 610 1,553 500 917 602 - Program Rights Pay TV and Digital Initiative Soundstage, Maintenance and Others 1H'15 Remaining Balance 20
Slide 21: 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 67,237 68,920 26,875 26,894 30,000 10,000 20,325 20,308 10,000 20,000 5,000 5,000 10,000 0 0 0 2014 1H'15 2014 1H'15 2014 1H'15 Cas
Slide 22: Recognition and Awards
Recognition and Awards ABS-CBN, the only Philippine media company in Finance Asia’s list of “Asia’s Best Companies 2015” Company of the Year second runner-up at the 13th Philippine Quill Awards ABS-CBN wins at 2015 New York Fest ABS-CBN won a bronze medal in the Cinematography category at the presti
Slide 23: 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 24: THE END
THE END 24