ABS: 2014 Performance

Full Year 2014 Investors Briefing
Financial and Operating Results

March 19, 2015
ABS-CBN Investor Presentation
Revenues Excl. Pol Ads
35,000
For the year ended December 31, 2014
33,544
32,094
4.5%
30,000
25,000
18,049
56%
18,880
56%
4.6%
14,046
44%
14,664
44%
4.4%
20,000
15,000
10,000
5,000
0
2013
2014
Ad Revenues
Consumer Sales
Revenues - Reported
2014 revenues higher than the previous election year

35,000
33,544
33,378
0.5%
30,000
25,000
19,332
58%
14,046
42%
18,880
56%
2.3%
14,664
44%
4.4%
20,000
15,000
10,000
5,000
0
2013
2014
Ad Revenues
Consumer Sales
Costs and Expenses
Production costs down 4.3%

35,000
30,369
30,298
0.2%
30,000
25,000
11,499
Production
Costs
4.3%
11,008
20,000
15,000
9,184
Cost of Sales
& Services
9,247
9,615
GAEX
10,114
10,000
5,000
0
2013
2014
0.7%
5.2%
Financial Summary Excl. Pol Ads
In PHP Millions
Net Revenues
Costs and Expenses
40,000
40,000
Net Income
4,000
4.5%
35,000
35,000
30,000
30,000
3,000
25,000
25,000
2,500
20,000
20,000
2,000
15,000
32,095
33,544
15,000
1.7%
29,870
30,369
3,500
42.0%
1,500
10,000
10,000
1,000
5,000
5,000
500
2,030
1,430
0
2013
2014
0
2013
2014
2013
2014
Excluding election-related advertisements, 2014 revenues grew by 4.5% due to the

strong performance of broadcast group, films both locally and internationally and
further supported by the performance of Sky Cable.
5
Financial Summary
In PHP Millions
Net Revenues
Costs and Expenses
40,000
Net Income
4,000
40,000
0.5%
35,000
35,000
30,000
30,000
3,000
25,000
25,000
2,500
20,000
20,000
2,000
15,000
33,378
33,544
15,000
0.2%
30,298
30,369
3,500
1,500
10,000
10,000
1,000
5,000
5,000
500
2014
2,028
2,030
2013
2014
0
2013
0.1%
2013
2014
Business Segments Excl. Pol Ads
Our TV and Studio business has continued to strengthen

Revenues
EBITDA
Net Income
In Php Millions
A. TV and Studio
2014
2013
% Ch
2014
2013
% Ch
2014
2013
% Ch
25,555
24,804
3.0%
6,376
5,598
13.9%
2,976
2,137
39.3%
25.0%
22.6%
11.6%
8.6%
1,856
1,644
272
247
23.9%
23.7%
3.5%
3.6%
-18.9%
-756
-899
-15.9%
-1,218
-954
27.7%
4.5%
7,476
6,343
17.9%
2,030
1,430
41.9%
22.3%
19.8%
6.1%
4.5%
Margins
B. Pay TV Networks
7,764
6,937
11.9%
Margins
C. New Businesses
442
545
D. Eliminations
-217
-192
33,544
32,094
TOTAL
Margins
*** Numbers presented are net of ABS-CBNmobile TVCs.

7
12.9%
10.1%
Business Segments - Reported
Revenues
EBITDA
Net Income
In Php Millions
A. TV and Studio
2014
2013
% Ch
2014
2013
% Ch
2014
2013
% Ch
25,555
26,087
-2.0%
6,376
6,452
-1.2%
2,976
2,735
8.8%
25.0%
24.7%
11.6%
10.5%
1,856
1,644
272
247
23.9%
23.7%
3.5%
3.6%
-18.9%
-756
-899
-15.9%
-1,218
-954
27.6%
0.5%
7,476
7,197
3.9%
2,030
2,028
0.1%
22.3%
21.6%
6.1%
6.1%
Margins
B. Pay TV Networks
7,764
6,937
11.9%
Margins
C. New Businesses
442
545
D. Eliminations
-217
-192
33,544
33,377
TOTAL
Margins
*** Numbers presented are net of ABS-CBNmobile TVCs.

8
12.9%
10.1%
TV and Studio - Broadcast

In PHP Millions
Net Revenues
Direct Costs
1.3%
5.3%
17,743
17,976
11,088
10,495
2013
2014
2013
2014
With the companys continuous

cost reduction initiatives,
production costs declined by
5.3%.
For primetime, Ch2 continues to
lead in audience share receiving
49% share nationwide.
2014 Highlights
Highest 3rd Primetime Slot Share

36.2% Finale and
30.8% Finale week
9
Introduced new talents

Highest rated program

34.9%

ABS-CBN has further solidified its leadership in terms of
national total day and primetime audience share
TOTAL DAY
CHANNELS
2014
Audience
Share
Total PH
Mega
Manila
Metro
Manila
Total
PH
Mega
Manila
Metro
Manila
ABS-CBN 2
44
31
33
49
34
37
GMA 7
34
40
35
32
40
35
TV 5
12
10
10
10
Others
14
18
23
11
17
20
CHANNELS
2013
Audience
Share
TOTAL DAY
PRIMETIME
Total PH
Mega
Manila
Metro
Manila
Total
PH
Mega
Manila
Metro
Manila
ABS-CBN 2
42
30
32
47
33
35
GMA 7
TV 5
Others
33
10
15
38
13
19
35
12
22
31
9
13
38
12
18
35
11
20
Source: Kantar Media, January December 2014
10
PRIMETIME

2014 Top 10 Programs
Rank
Channel
3
4
5
6
7
8
ABS-CBN
ABS-CBN
GMA 7
ABS-CBN
ABS-CBN
ABS-CBN
ABS-CBN
ABS-CBN
ABS-CBN
ABS-CBN
10
ABS-CBN
Program
THE VOICE KIDS SUNDAY
THE VOICE KIDS SATURDAY
Pacquiao versus Algieri
HONESTO
MARS RAVELO'S DYESEBEL
BOSES NG BULILIT KAMI ULIT!
IKAW LAMANG
GOT TO BELIEVE
HAWAK KAMAY
MMK ANG TAHANAN MO
THE VOICE OF PH
PBB ALL IN
Source: Kantar Media, January December 2014
11
Share
34.9
34.0
34.0
31.7
30.1
28.9
28.4
28.3
28.1
28.0
28.0
27.9
Weekend
Weekend
Weekend
Weekday
Weekday
Weekend
Weekday
Weekday
Weekday
Weekend
Weekend
Weekend
TV and Studio - Global

In PHP Millions
Net Revenues
Cost of Sales and Servies

2.2%
5,527
5,651
2013
2014
Anti-Piracy Initiatives
12
1.7%
3,341
3,399
2013
2014
The success of international

releases played a major role in
boosting the revenue of our
Global business (12 movies
screened across the Global
Regions in 2014 vs 8 in 2013)
Global Events
$12M federal lawsuits filed

against 18 pirate sites
$10M judgment won in
Oregon, USA
Search and seizure of
pirate DVDs from Mary
Smith in Australia
$25M anti-piracy legal
victory in New Zealand
Global Viewership
2,786
2,844
2,522
2,449
2011
2012
2013
2014
TV and Studio - Films and Music

In PHP Millions
Net Revenues
Costs of Sales and Services
17.0%
2.0%
1,158
2013
1,355
2014
586
598
2013
2014
3 movies breached the Php 300M mark
13
The groups margin continue to

improve with the steep
increase in revenues by 17%
driven by strong local theatrical
sales of Star Cinema movies.
In 2014, the group released
and distributed a total of 16
movies.
Mounted one of the

most successful concerts
for the year.
Albums released
Pay TV Networks - SkyCable

In PHP Millions
Net Revenues
Total revenues grew by Php

827M driven by a 8% increase
in cable revenues and 37%
increase in broadband
revenues.
Costs and Expenses

11.9%
11.8%
6,937
2013
7,764
2014
4,484
5,014
2013
2014
Over 40 HD channels
currently being offered
Our broadband subscriber base

continues to expand, growing
by 24% in 2014.
2014 Cable and Broadband Subscribers
Cable + Broadband
Thousands
1,200
1,000
842
874
2013
2014
800
600
400
200
-
14
Digital Terrestrial TV (DTT)
Implementing Rules and Regulations released

last December 17, 2014.
Launched February 2015.
More than 200,000 boxes to date.
Target: 1M boxes by year-end.
TRANSFORMATIVE
EXPERIENCE FOR
THE FAMILY
- Viewing clarity
- New channels
- No monthly fee
15
A Complete Range of Entertainment & Information Content
16
Over 1.5M subs as of

end December 2014
with ARPU of Php 65
Partnerships
17
Exclusive Mobile Content
Capital Expenditures - 2014

Total Spent of Php 5.6 billion in 2014
In PHP Millions
3,000
2,500
2,000
1,500
2,308
1,000
2,684
500
593
Program Rights
18
Pay TV
Digital TV,
Maintenance and Others
Capital Expenditures 2015 Budget

Budgeted Php 8.5 billion in 2015
4,500
In PHP Millions
4,000
3,500
3,000
2,500
4,095
2,000
3,149
1,500
1,000
500
1,212
Program Rights
19
Pay TV
Digital TV,
Maintenance and Others
Balance Sheet Highlights

In PHP Millions
Total Assets
Total Borrowings
Equity
70,000
30,000
30,000
60,000
25,000
25,000
20,000
20,000
15,000
15,000
50,000
40,000
30,000
58,330
67,237
10,000
20,000
5,000
10,000
0
14,680
20,325
2014
26,875
2013
2014
5,000
0
0
2013
25,923
10,000
2013
2014
Cash
20,000
Ratios
2013
2014
15,000
Current
1.8
2.1
10,000
Debt-to-Equity
0.6
0.8
Net Debt-to-Equity
0.2
0.3
5,000
10,617
13,238
0
2013
20
2014
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 indicate these forward looking statements. Any such forward-looking
statement is not a guarantee of future performance and involves a number of known and
unknown risks, uncertainties and other factors that could cause the actual performance, financial
condition or results of operation of ABS-CBN to be materially different from any future
performance, financial condition or results of operation implied by such forward-looking
statement.
21
THE END
22

ABS: 2014 Performance

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Full Year 2014 Investors Briefing

Financial and Operating Results

ABS-CBN Investor Presentation

Revenues Excl. Pol Ads

For the year ended December 31, 2014

ABS-CBN Investor Presentation

For the year ended December 31, 2014

2014 revenues higher than the previous election year

ABS-CBN Investor Presentation

Costs and Expenses

For the year ended December 31, 2014

Production costs down 4.3%

ABS-CBN Investor Presentation

Financial Summary Excl. Pol Ads

For the year ended December 31, 2014

Costs and Expenses

Excluding election-related advertisements, 2014 revenues grew by 4.5% due to the

ABS-CBN Investor Presentation

For the year ended December 31, 2014

Costs and Expenses

ABS-CBN Investor Presentation

Business Segments Excl. Pol Ads

For the year ended December 31, 2014

Our TV and Studio business has continued to strengthen

*** Numbers presented are net of ABS-CBNmobile TVCs.

ABS-CBN Investor Presentation

Business Segments - Reported

For the year ended December 31, 2014

*** Numbers presented are net of ABS-CBNmobile TVCs.

ABS-CBN Investor Presentation

TV and Studio - Broadcast

With the companys continuous

Highest 3rd Primetime Slot Share

Introduced new talents

Highest rated program

TV and Studio - Broadcast

Source: Kantar Media, January December 2014

ABS-CBN Investor Presentation

TV and Studio - Broadcast

Source: Kantar Media, January December 2014

ABS-CBN Investor Presentation

TV and Studio - Global

Cost of Sales and Servies

The success of international

$12M federal lawsuits filed

ABS-CBN Investor Presentation

TV and Studio - Films and Music

Costs of Sales and Services

3 movies breached the Php 300M mark

The groups margin continue to

Mounted one of the

ABS-CBN Investor Presentation

Pay TV Networks - SkyCable

Total revenues grew by Php

Costs and Expenses

Our broadband subscriber base

ABS-CBN Investor Presentation

Digital Terrestrial TV (DTT)

Implementing Rules and Regulations released

Launched February 2015.

More than 200,000 boxes to date.

Target: 1M boxes by year-end.

ABS-CBN Investor Presentation