fy 2017 investors’ briefingdata-careers.abs-cbn.com.s3.amazonaws.com/investorrelations/152… ·...
TRANSCRIPT
FY 2017 Investors’ BriefingFinancial and Operating Results
March 23, 2018
Business SegmentsMedia Networks & Studio Entertainment Cable, Satellite & Broadband
Digital & Interactive Media Consumer Products & Experiences
- Pay TV (Cable & Satellite)
- Broadband
- Online- Mobile- Over-the-Top
- Live events- Themepark- Home shopping- ABS-CBN store- Licensing & merchandising
- Entertainment- News- Global- Film & Music- Radio- DTT- Sports- Cable channels- Publishing
2,545
3,525
3,164
2015 2016 2017
Net Income
7,940
9,853 9,626
2015 2016 2017
EBITDA
38,278
41,631 40,698
2015 2016 2017
Revenue
Consolidated FY 2017 Financial Results
- 2%
Net income attributable to Equity Holders of the Parent is P3.3B for 2017
- 2% - 10%
(In millions Php)
+ 9%
+ 24%+ 39%
7% 8% 8%21% 24% 24%Margins
21,265 23,650
21,098
1,664
1,984 2,697
15,349
15,996 16,902
2015 2016 2017
BY REVENUE CATEGORY
Advertising TV Plus - Sales Consumer
32,216 35,623 34,481
6,062
6,007 6,217
2015 2016 2017
BY GEOGRAPHICAL LOCATION
Domestic International
Consolidated FY 2017 Revenue
40,698
38%42%
57%52%
86% 85%
14%15%
41,631
38,278
40%
56%
40,69841,631
38,278
84%
16%
4%5%
6%
12,121 12,661 11,917
1,664 1,984 2,697
9,467 10,033 10,124
11,434 12,012 11,834
2015 2016 2017
GAEX TV Plus - COS Cost of Sales Production Cost
Consolidated FY 2017 Costs and Expenses
- 2%
+ 1%
- 6%
36,690 36,572 - %34,686
+ 5%
+ 6%
+ 4%
+ 6%
+ 19% + 36%
2016 2017 2016 2017 2016 2017
Media Networks & Studio Entertainment 31,315 29,465 4,108 3,564 4,267 3,642
Margin 13% 12% 14% 12%
Cable, Satellite & Broadband 8,761 9,124 70 123 40 86
Margin 1% 1% 0% 1%
Digital & Interactive Media 671 1,220 (634) (441) (428) (327)
Consumer Products & Experiences 883 889 (19) (82) 6 (67)
Totals 41,631 40,698 3,525 3,164 3,885 3,334
Net Income NI Attributable to Parent
Segment
Operating Revenue
Consolidated FY 2017 Segment Report
839
1,311
2,010
2015 2016 2017
Boxes Sold
Digital Terrestrial Television
• More than 4.3 million boxes sold as of December 2017
• Average of 167k boxes sold per month in 2017 and more than 2M boxes sold in 2017.
17 Sites Nationwide• Luzon
1. Quezon City2. Makati3. Mandaluyong4. Jala jala5. Bulacan, Guiguinto6. Bulacan, San Miguel7. Pampanga, San Fernando8. Cabanatuan9. Tarlac10. Laguna, San Pablo11. Cavite, Silang12. Baguio, Sto. Tomas
• Visayas13. Cebu14. Bacolod15. Iloilo
• Minadanao16. Davao17. Cagayan de Oro
Total
Philippines
Urban
Philippines
Mega
Manila
Metro
Manila
HOMES (in Thousands) 15,455 9,017 4,701 2,686
CABLE or DTT HOMES 24.0% 32.7% 41.9% 52.3%
Cabled Homes 18.1% 23.4% 25.6% 37.2%
DTT Homes 6.5% 10.3% 18.1% 17.5%
NON CABLE & NON DTT HOMES 76.0% 67.3% 58.1% 47.7%
Total
Philippines
Urban
Philippines
Mega
Manila
Metro
Manila
HOMES (in Thousands) 18,935 9,857 5,267 3,032
CABLE or DTT HOMES 36.7% 45.2% 63.3% 78.1%
Cabled Homes 23.8% 24.1% 27.5% 38.3%
DTT Homes 12.8% 21.0% 35.8% 39.8%
NON CABLE & NON DTT HOMES 64.5% 57.1% 40.8% 28.1%
DTT : Changing the distribution landscape
Total Philippines - Household Mix by Platform
Source: Kantar Media - January – December 2017- January – December 2016
Full Year 2017
Full Year 2016
Free-to-Air
Source: Kantar Media TV Ratings Measurement; January – December 2017
Total Day National Audience Share for 2017CHANNEL 2015 2016 2017
ABS-CBN 47.03 49.58 53.20 Channel 2 43.20 44.70 45.70
ABS-CBN S + A 3.30 3.14 1.58
Cinemo 0.21 0.83 3.22
Yey 0.12 0.54 2.29
Knowledge Channel 0.02 0.03 0.08
Teleradyo 0.18 0.35 0.34
GMA 35.50 33.80 33.50
TV 5 7.40 6.50 3.30
Other FTA 3.90 4.10 2.90
Other Cable 6.50 6.50 7.50
3941 42
37 3532
8 75
2015 2016 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
53 52 52
31 33 32
7 7 6
2015 2016 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
44 46 45
37 3538
8 7 5
2015 2016 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
4248 48
42
35 36
7 63
2015 2016 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
Channel 2 National Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Total Homes, Total Philippines (Urban + Rural)January – December 2017; Period covered excludes Holy Week
3032
3538 34
28
96 5
2015 2016 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
39 3841
39 4036
8 7 7
2015 2016 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
2933 35
4439 39
9 7 5
2015 2016 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
2834 36
53
44 42
7 5 3
2015 2016 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
Channel 2 Mega Manila Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Mega ManilaJanuary – December 2017; Period covered excludes Holy Week
3234
38
30 27
21
75
3
2015 2016 2017
Morning Block (6AM-12NN)
ABS-CBN GMA TV 5
43 4246
33 3429
7 6 6
2015 2016 2017
Primetime Block (6PM-12MN)
ABS-CBN GMA TV 5
3236
4037
3432
86
4
2015 2016 2017
Afternoon Block (3PM-6PM)
ABS-CBN GMA TV 5
3137
4046
3834
6 4 2
2015 2016 2017
Noontime Block (12NN-3PM)
ABS-CBN GMA TV 5
Channel 2 Metro Manila Audience Share
ABS-CBN
GMA
TV5
Source: Kantar Media TV Audience Measurement – Metro ManilaJanuary – December 2017; Period covered excludes Holy Week
RANK CHANNEL PROGRAM RATINGS
1 ABS-CBN FPJ'S ANG PROBINSYANO MON-FRI 38.6
2 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SUNDAY SUN 36.4
3 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SATURDAY SAT 35.0
4 ABS-CBN THE VOICE TEENS SUNDAY SUN 34.9
5 ABS-CBN THE VOICE TEENS SATURDAY SAT 33.9
6 ABS-CBN LA LUNA SANGRE MON-FRI 33.8
7-8 ABS-CBN TV PATROL WEEKDAY MON-FRI 31.3
7-8 ABS-CBN LITTLE BIG SHOTS SUNDAY SUN 31.3
9 ABS-CBN LITTLE BIG SHOTS SATURDAY SAT 30.9
10 ABS-CBN WANSAPANATAYM SUN 29.8
11 ABS-CBN MMK 25 SAT 29.6
12 ABS-CBN MY DEAR HEART MON-FRI 27.6
13 ABS-CBN MAGPAHANGGANG WAKAS MON-FRI 25.0
14 GMA ENCANTADIA MON-FRI 24.4
15 ABS-CBN HOME SWEETIE HOME SAT 24.2
16 ABS-CBN WILDFLOWER MON-FRI 23.8
17 ABS-CBN GOIN' BULILIT SUN 22.1
18 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO SAT 20.5
19 GMA 24 ORAS WEEKDAY MON-FRI 20.2
20 ABS-CBN 24 ORAS WEEKEND SATURDAY SAT 19.5
ABS-CBN leads in national ratings with shows dominating Top 20 spots in 2017
Source: Kantar Media TV Audience Measurement – Total HomesPeriod: January – December 2017
86
152
209
2015 2016 2017
Program Syndication
6,062 6,007 6,217
2015 2016 2017
Revenue
International
+ 3% + 38%
- 1%
+ 76%
TFC Channels
Programs distributed in 35 Territories
• TFC Viewership at 3.0 million level as of December 2017
ASIA AFRICA SOUTH AMERICA EUROPE
Malaysia Kenya Mexico Poland
Indonesia Uganda Peru Turkey
Brunei Zambia Colombia Romania
Fiji Tanzania
China Namibia
Singapore Ghana
Taiwan Nigeria
Cambodia Mauritius
Myanmar Seychelles
Vietnam Cameroon
Papua New Guinea Malawi
Sri Lanka Sierra Leone
Thailand Liberia
Kyrgyzstan Botswana
Kazakhstan
InternationalInternational Box Office Movies grossed over USD9.7M in 2017
CinematografoShowcasing the Filipino and Filipino-American talent in filmmaking alongside the best of the world
Narratives Documentaries Shorts
Star Cinema FilmsStar Cinema’s theatrical receipts grossed over 2.4 billion in 2017, capturing
76% of local Market Share
MusicTarsier Records set to targeting non-Filipino audience and making a difference
on all things millennially and digitally sound on the internet
797 757
119 399 207
208
2016 2017
Sky Subscribers
Cable DTH Broadband5,672 5,454 4,913
41 185
1,646 2,463 3,392
765
803 634
2015 2016 2017
Sky Revenues
Cable DTH Broadband Airtime and Misc
Cable, Satellite & Broadband
Total revenues grew by P363M or 4%
Our broadband and DTH and subscriber
base continue to expand year-on-year+ 4%
SKY subscribers exclusive offerings
+ 8%
(In millions Php)
(In thousands Php)8,7619,124
8,083
DigitalOnline platforms generated 660 million in revenues, 95% higher than 2016
Forged partnerships with NBA.com, Twitter Amplify
and CainCade
Top YouTube Publisher in the Philippines
Top Facebook page in the Media Category in the Philippines
Source: Tubular – Social Video Analytics and Video Intelligence Platform
Generated P528M in total revenues, with
339k attendance as of December 2017.
Consumer Products and Experiences
Our events brought the ABS-CBN experience closer to our
audiences, generating 1.1B total revenues
in 2017
Spent Php 7.9B out of the Php 8.0B budget for 2017;
Capital Expenditures
5,522
6,873
1,448 1,038
2,159 2,216
4,108 4,651
2016 2017
Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others
+ 2%7,9057,715
Ratios 2015 2016 2017
Current 1.88 2.02 2.18
Debt-to-Equity 0.71 0.65 0.60
Net Debt-to-Equity 0.31 0.30 0.24
20,402 20,472 20,387
2015 2016 2017
Total Borrowings
28,715
31,692
33,711
2015 2016 2017
Equity
69,944
72,734
75,125
2015 2016 2017
Total Assets
Balance Sheet Highlights
Except for historical and operating data and other information of historical matters, the statementscontained herein are “forward-looking statements”. The words “believe”, “intend”, “plan”, “anticipate”,“continue”, “estimate”, “expect”, “may”, “will” or other similar words are frequently used to indicate theseforward looking statements. Any such forward-looking statement is not a guarantee of future performanceand involves a number of known and unknown risks, uncertainties and other factors that could cause theactual performance, financial condition or results of operation of ABS-CBN to be materially different fromany future performance, financial condition or results of operation implied by such forward-lookingstatement.