gma network, inc....sold pay/satellite rights of ouija, sundo, and patient x. consolidated financial...
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GMA NETWORK, INC.
2nd Quarter/1st Half 2013 Results13 August 2013
RATINGS UPDATE 2nd Quarter 2013 Audience Shares
GMA still leads in the Key Markets of Mega Manila and Urban Luzon
Based on Total Day (6am - 12mn) - Households in TV Homes
Source: Nielsen Phils TAM (Arianna)Mega Manila and Urban Luzon account for 59% and
76% of all Urban TV Households respectively
RATINGS UPDATE July 2013 Audience Shares
Strong performance by GMA in all Areas!
Based on Total Day (6am - 12mn) - Households in TV Homes
Source: Nielsen Phils TAM (Arianna)
Mega Manila and Urban Luzon account for 59% and 76% of all Urban TV Households respectively
Building a Global Brand ... International Pay TV Channels
Over 252 thousand subscriptions as of end
June 2013*
20%YoYCurrently available in Australia, Canada, Guam, Japan,
Madagascar, Malaysia, Middle East and North Africa,
Palau and Singapore
Developments:
38%YoY
* The decrease in subscriber count was due to the shift
in our carrier partner in the Middle East and Europe
starting May 1, 2013.
Almost 74 thousand subscriptions as of end
June 2013*
Building a Global Brand...
5X Platinum Record Award, 4X Platinum Digital Single Award
5X Platinum Record Award (combined physical and digital sales –over 83,000 units)Sales period covering August 15 2012 to June 17 2013
4X Platinum Digital Single Award
Sales period covering August 15, 2012 to June 17, 2013Additional 31,000 units sold from February 27, 2013 to June 17, 2013
4X Platinum Digital Single Award – “I’ll Be There” with over 626,000 downloadsSales period covering August 15, 2012 to June 17, 2013p g g , ,Additional 251,000 downloads from February 27, 2013 to June 17, 2013(as per PARI, Julie Anne is the very first recipient of this award)
Program Syndication and LicensingProgram Syndication and Licensing
Sold 1,438 Hours of Programs for the 1st Half 2013! Selected 2Q 2013 Deals:
VietnamSold Free, Pay/Satellite Rights of Endless Love, Amaya, My Beloved, First Time; and Free/Pay TV Rights of One True Love, The Promise, Moments of Love, My Best Friend’s Girlfriend and You To Me Are Everything
Building a Global Brand ...
BruneiSold Free TV Rights of First Time
CambodiaSold Free TV Rights of Sana Ay Ikaw Na Nga, Yesterday’s Bride and Magdalena
MalaysiaSold Free TV Rights of Ang Babaeng Hinugot Sa Aking Tadyang and Pay TV Rights of Grazilda
SingaporeSold Pay TV Rights of Beauty Queen and Gumapang Ka Sa Lusak
Inflight Sold Of All The Things to Saudi Arabian Airlines and My House Husband and Sosy Problems to Malaysian Airlines
Kixx/Thrill Channel (China, Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Mongolia,Kixx/Thrill Channel (China, Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Mongolia, Cambodia, East Timor, Myanmar, Laos)Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X
Consolidated Financial ReportFor the First Half Ended June 30, 2013
GMA Network, Inc.August 13, 2013
CONSOLIDATED NET REVENUESComparative Quarterly Highlights (vs. previous quarter)
(In Millions PhP)
•Net revenues increased by 7% vs. Q1 ‘13.
263291
4,000
3,2413,484
Subscription and others -10%
Airtimerevenues +9%
2,950
291
3,221
1 000
2,000
3,000
0
1,000
Q2 '13 Q1 '13
Total Revenues +7%
AIRTIME REVENUESComparative Quarterly Highlights (vs. previous quarter)
(In Millions PhP)
Q2 ‘13 Q1 ‘13 Inc (Dec)TV
* GNTV-11 and Radio airtime revenues up by double-digit percentages.
TVChannel 7/RTV 3,011 2,811 7%
Channel 11 (GNTV) 79 44 79%Radio 132 95 38%Net Airtime Revenues 3,221 2,950 9%Less: Non-recurring pol ads 447 278 61%Regular Airtime Revenues 2,774 2,673 4%
SUBSCRIPTION AND OTHER REVENUESComparative Quarterly Highlights (vs. previous quarter)
(In Millions PhP)
Q2 ‘13 Q1 ‘13 Inc (Dec)
International 224 247 (9%)
Subsidiaries and others 39 44 (12%)
Total Subscriptions and Others 263 291 (10%)
Q2 ‘13 Q1 ‘13 Inc (Dec)
** Subscriber count
GPTV 252,275 329,981 (24%)
GLTV 73,752 124,461 (41%)Average Forex 42.26 40.78 4%
CONSOLIDATED NET REVENUESFor the Second Quarter Ended June 30, 2013 and 2012
(In Millions PhP)
•Net revenues increased by 6% vs. Q2 ‘12.
263279
4,000
3,3003,484
Subscription and others -6%
Airtimerevenues +7%
3,021
279
3,221
1 000
2,000
3,000
0
1,000
Q2 '13 Q2 '12
Total Revenues +6%
AIRTIME REVENUESFor the Second Quarter Ended June 30, 2013 and 2012
(In Millions PhP)
Q2 ‘13 Q2 ‘12 Inc (Dec)TV
* GNTV-11 and Radio airtime climbed 28% and 33%, respectively.
TVChannel 7/RTV 3,011 2,861 5%
Channel 11 (GNTV) 79 61 28%Radio 132 99 33%Net Airtime Revenues 3,221 3,021 7%Less: Non-recurring pol ads 447 7 6,130%Regular Airtime Revenues 2,774 3,014 (8%)
SUBSCRIPTION AND OTHER REVENUESFor the Second Quarter Ended June 30, 2013 and 2012
(In Millions PhP)
Q2 ‘13 Q2 ‘12 Inc (Dec)
International 224 238 (6%)
Subsidiaries and others 39 41 (5%)
Total Subscriptions and Others 263 279 (6%)
Q2 ‘13 Q2 ‘12 Inc (Dec)
** Subscriber count
GPTV 252,275 313,995 (20%)
GLTV 73,752 118,163 (38%)Average Forex 42.26 42.72 (1%)
CONSOLIDATED NET REVENUESFor the First Half Ended June 30, 2013 and 2012
(In Millions PhP)
554
5686,000
7,000
•Net revenues increased by 14% vs. 1H ‘12.
5,924
6,725
5,3566,171
2,000
3,000
4,000
5,000
Subscription and others -2%
Airtimerevenues +15%
0
1,000
1H '13 1H '12
Total Revenues +14%
AIRTIME REVENUESFor the First Half Ended June 30, 2013 and 2012
(In Millions PhP)
1H ‘13 1H ‘12 Inc (Dec)TV
* Airtime revenues up 15% year-on-year.
Channel 7/RTV 5,822 5,076 15%
Channel 11 (GNTV) 123 105 16%Radio 227 174 30%Net Airtime Revenues 6,171 5,356 15%Less: Non recurring pol ads 724 8 9 520%Less: Non-recurring pol ads 724 8 9,520%Regular Airtime Revenues 5,447 5,348 2%
SUBSCRIPTION AND OTHER REVENUESFor the First Half Ended June 30, 2013 and 2012
(In Millions PhP)
1H ‘13 1H ‘12 Inc (Dec)
International 471 469 0.4%
Subsidiaries and others 83 99 (16%)
Total Subscriptions and Others 554 568 (2%)
** Subscriber count
1H ‘13 1H ‘12 Inc (Dec)GPTV 252,275 313,995 (20%)
GLTV 73,752 118,163 (38%)Average Forex 41.52 42.86 (3%)
CONSOLIDATED OPERATING EXPENSESFor the First Half Ended June 30, 2013 and 2012
(In Millions PhP)
4,5005,0005,5006,000
* Total OPEX of P5.086 billion grew by 13% year-on-year.
4,5165,086
2,793 2,412
2,2922,104
1,0001,5002,0002,5003,0003,5004,0004,500
53%55%Prod costs +16%
GAEX +9%
0500
,
1H '13 1H '12
FINANCIAL HIGHLIGHTSFor the First Half Ended June 30, 2013 and 2012
(In Millions PhP)
6,72512,000
14,000
16,000
EBITDA was up 19% vs. 2012. Net Income also increased by 12%.
Revenues +14%
Expenses +13%
EBITDA +19%
5,0864,516
6,7255,924
4,000
6,000
8,000
10,000
12,000
EBITDA +19%
Net Income +12%1,135 1,0142,291 1,918
0
2,000
4,000
1H '13 1H '12
INCOME STATEMENT Quarterly Performance
Y2009 Y2010 Y2012Y2011 Y2013
3131 3136 31843082
3348
28152910
2668
30492876
25272624
3484
2287 2354 24382325
2416
2813
2365
2721
3300 3249
2819
3241
2500
3000
3500
4000
2254
1609
18902056
2287
1927
22062048
2280
1989
23542187
2046
2325 2365
501
860 788669
855 834
583 549 534 521 525388
626 573 605 533500
1000
1500
2000
144
388
360Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Revenues Opex Net Income
CAPITAL EXPENDITURES(In Millions PhP)
C it l E dit t d t P360M f J 30 2013
1000
1200
Capital Expenditures amounted to P360M as of June 30, 2013.
1,004
628832
600428
896 956
644
400
600
800
RE
MA
ININ
G
1H428360
0
200
2007 2008 2009 2010 2011 2012 2013
1H
CONSOLIDATED BALANCE SHEETS (In Millions PhP)
Current Assets Current Liabilities
7,313 7,2865,000
10,000
15,000
u e sse s
3 00
Current Ratio3,891 2 946
5,000
10,000
15,000
Current Liabilities
01H '13 1H '12
15,000
Total Assets
15,000
Total Liabilities Equity
1.882.47
0.00
1.00
2.00
3.00
1H '13 1H '12
, 2,9460
1H '13 1H '12
12,883 12,610
0
5,000
10,000
1H '13 1H '12
4,804
8,079
3,830
8,780
0
5,000
10,000
1H '13 1H '12
Thank you!y
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