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ABS-CBN Broadcasting Corporation Sgt. Esguerra Avenue, Quezon City, Philippines
August 12, 2009
To: Listing & Disclosures Department
Philippine Stock Exchange, Inc.
Exchange Road, Ortigas Center, Pasig City
Attn: Ms. Janet A. Encarnacion
Head, Disclosure Department
From: ABS-CBN Broadcasting Corporation
Tel No.: (632) 924-4101/415-2272
Fax No.: (632) 431-9368
Subject: 1H 2009 Analysts’ and Press Briefing Presentation Materials
Gentlemen / Ladies:
Please find enclosed the presentation materials we used during the 1H 2009 Analysts’ and Press
Briefing held at the Chronicle Lounge of ABS-CBN Broadcasting Corporation on August 12, 2009.
Very truly yours,
Charles A. Gamo
Head, Investor Relations and Corporate Planning
1H2009Financial&Opera2ngResultsTheChronicleLounge,14/FELJCommunicationsCenter
ABS‐CBNBroadcastCenter12August2009
Php11.7billion1H2009ConsolidatedRevenue
14%year‐on‐year
ConsolidatedRevenues
Air$meRevenues57%
DirectSales43%
SkyCable(DirectSales)
15%
StrengthenedChannel2Offerings
Empowering,inspiringandcompellingprime2medramas
PremiumprogramsonweekdayaSernoons
ReinforcedNa2onalLeadershipTNSNa&onalUrbanPhilippinesTVAudienceRa&ngs
Note:April2009ra2ngsandsharesexcludeHolyWeek(April5to11)
Apr 09 May 09 Jun 09 Jul 09
14.1 13.6 13.3 13.0
17.8 18.0 18.2 18.6
Apr 09 May 09 Jun 09 Jul 09
21.9 20.5 19.9 19.8
29.6 28.9 29.7 30.2
TotalDayRa2ngs(6amto12mn)
Prime2meRa2ngs(6pmto11pm)
ABS-CBN GMA
ReinforcedNa2onalLeadershipTNSNa&onalUrbanPhilippinesTVAudienceShares
Note:April2009ra2ngsandsharesexcludeHolyWeek(April5to11)
Apr 09 May 09 Jun 09 Jul 09
35 33 33 33
44 44 45 47
Apr 09 May 09 Jun 09 Jul 09
36 34 34 33
49 48 50 51
TotalDayShares(6amto12mn)
Prime2meShares(6pmto11pm)
ABS-CBN GMA
AlloftheTop10inNa2onalRa2ngsarefromABS‐CBN
Na2onalUrbanPhilippines’TopPrograms(July2009)
RANK CHANNEL PROGRAM RTG% SHR%
1 ABS‐CBN MAYBUKASPA 39.5 55
2 ABS‐CBN ONLYYOU 36.2 52
3 ABS‐CBN TVPATROLWORLD 35.6 55
4 ABS‐CBN TAYONGDALAWA 35.1 55
5 ABS‐CBN RATEDKHANDANABAKAYO? 32.1 49
6 ABS‐CBN MAALAALAMOKAYA... 30.2 44
7 ABS‐CBN BOYSOVERFLOWERS 29.0 57
8 ABS‐CBN THESINGINGBEE(SUNDAY) 28.1 46
9 ABS‐CBN THESINGINGBEE(SATURDAY) 27.1 43
10 ABS‐CBN WOWOWEE 25.6 53
11 ABS‐CBN SHARON 25.2 4412 GMA ZORRO 24.5 34
13 ABS‐CBN JIMHERNANDEZ'SKAMBALSAUMA 24.4 5514 GMA CARLOJ.CAPARAS'STOTOYBATO 24.1 35
15 ABS‐CBN XXX(EXKLUSIBONGEXPLOSIBONGEXPOSE) 23.1 4316 GMA 24ORAS 22.9 35
17 ABS‐CBN MARSRAVELO'SNASAANKAMARUJA? 22.5 4518 GMA ROSALINDA 22.2 33
19 GMA KAPUSOMO,JESSICASOHO 21.9 35
20 ABS‐CBN GOIN'BULILIT 21.1 43
Contribu2ngtoNa2on‐Building
Na2onwidecampaignforvigilanceandci2zenempowermentthroughVoterEduca2onandIncreasedVoterRegistra2on
21,000volunteerBotoPatrollersLeadershipForumsof2010Presiden2ablesonANC
Increasedvoterregistra2on
DeliveringAnotherHistoricFirst
ThefirstandonlyPhilippinenetworkwithafull‐HDOutsideBroadcastVan
UAAPandNCAAliveonhighdefini2ononSkyCableChannel166
Radio
LatestNielsenMediaResearchMegaManilaradioaudiencesurveyshow:
DZMMisthe#1AMsta2onWRRregaining#2posi2onamongFMsta2ons
DZMMTeleradyoisthehighestra2ngcablenewschannelinMegaManila
Alreadyavailableinover200cable
systemsna2onwide
Record‐BreakingAir2meRevenue
Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09
Php1.4billioninMay2009
ConsolidatedAir2meRevenuesinPhpMillions
4,000
5,000
6,000
7,000
8,000
1H 2008 1H 2009
510394
6,1515,946
6,7196,365
Parent Other Platforms SkyCable
5825 6%YoY
DirectSalesinPhpMillions(withoutSkyCable)
500
1,750
3,000
4,250
5,500
1H 2008 1H 2009
3,2353,036
Direct Sales
3,2353,036
7%YoY
10%growthinsaleofservicesandgoodsinPesoterms
8%growthintotalsubscrip2onsdespiterecessioninmostdevelopedeconomies
ABS‐CBNFilmProduc2onsInc.
3of5filmsreleasedin1H2009surpassedPhp100millioningrossboxofficereceipts
DirectSales
500
1,750
3,000
4,250
5,500
1H 2008 1H 2009
1,732854
3,2353,036
4,9673,889
Direct Sales SkyCable
28%YoY
inPhpMillions(withSkyCable)
TotalExpensesinPhpMillions(withoutSkyCable)
0
3,000
6,000
9,000
12,000
1,4381,7432,5532,939
8,673
1,1871,5932,4432,949
8,171
1H 2008 1H 2009
TotalExpenses
Produc2onCost
GAEX CostofSalesandServices
AllOtherExpenses
5%YoY 9%YoY21%YoY
6%YoY
0.3%YoY
TotalExpensesinPhpMillions(withSkyCable)
0
3,000
6,000
9,000
12,000
1,4722,365
3,6402,939
10,415
1,2541,8492,9322,949
8,984
TotalExpenses
Produc2onCost
GAEX CostofSalesandServices
OtherExpenses
1H 2008 1H 2009
24%YoY
16%YoY
28%YoY17%YoY
0.3%YoY
0
3,000
6,000
9,000
12,000
1,4381,7432,5532,939
8,673
1,1871,5932,4432,949
8,171
0
1,000
2,000
3,000
4,000
7019341,304
2,939
6031,0371,309
2,949
Total Production Cost
Personnel Expenses and Talent Fees
Facilities-Related and Other
Program Expenses
Non-Cash Expenses
1H 2008 1H 2009
Produc2onCostinPhpMillions
16%YoY10%YoY
0.4%YoY
0.3%YoY
0
500
1,000
1,500
2,000
2,500
7391,005
1,743
6889041,593
1H 2008 1H 2009
Total Cost of Sales and Services
ABS-CBN Global
Other Subsidiaries
CostofSalesandServicesinPhpMillions(withoutSkyCable)
9%YoY
11%YoY7%YoY
CostofSalesandServicesinPhpMillions(withSkyCable)
0
500
1,000
1,500
2,000
2,500
6217391,005
2,365
256
688904
1,849
Total Cost of Sales and Services
ABS-CBN Global
Other Subsidiaries
SkyCable
143%YoY
28%YoY
11%YoY7%YoY
0
500
1,000
1,500
2,000
2,500
6217391,005
1,743
256688904
1,593
1H 2008 1H 2009
0
1,000
2,000
3,000
4,000
GAEX Cash Non-Cash
359
2,1942,553
294
2,1482,442
1H 2008 1H 2009
GAEXinPhpMillions(withoutSkyCable)
5%YoY
2%YoY
22%YoY
GAEXinPhpMillions(withSkyCable)
0
1,000
2,000
3,000
4,000
GAEX Cash Non-Cash
750
2,890
3,640
417
2,5152,932
24%YoY
15%YoY
80%YoY
0
1,000
2,000
3,000
4,000
GAEX Cash Non-Cash
359
2,1942,553
294
2,1482,442
1H 2008 1H 2009
754 813
Net Income
NetIncomeandEBITDAinPhpMillions
1H2008 1H2009
2,6773,369
EBITDA
26%YoY8%YoY
BalanceSheetAccounts
Total Assets
Cash and Equivalents
Trade Receivables
DSO
Total Interest Bearing Debt
Shareholders’ Equity
Net Debt-to-Equity Ratio
Php 34.8B 6%
Php 3.4B 37%
Php 5.2B 13%
80 days 5 days
Php 9.5B 9%
Php15.3B 1%
0.40x 0.01x
End‐2008vsEnd‐1H09
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