gma network, inc....sold pay/satellite rights of ouija, sundo, and patient x. consolidated financial...

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Page 1: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013
Page 2: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

GMA NETWORK, INC.

2nd Quarter/1st Half 2013 Results13 August 2013

Page 3: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 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

Page 4: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 5: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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*

Page 6: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 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)

Page 7: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 8: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

Consolidated Financial ReportFor the First Half Ended June 30, 2013

GMA Network, Inc.August 13, 2013

Page 9: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For 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%

Page 10: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%

Page 11: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%

Page 12: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%

Page 13: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%)

Page 14: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%)

Page 15: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%

Page 16: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%

Page 17: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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%)

Page 18: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 19: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 20: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 21: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 22: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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

Page 23: GMA NETWORK, INC....Sold Pay/Satellite Rights of Ouija, Sundo, and Patient X. Consolidated Financial Report For the First Half Ended June 30, 2013 GMA Network, Inc. August 13, 2013

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