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GMA NETWORK, INC.
1st Quarter 2014 Results
5 May 2014
RATINGS UPDATE
Based on Total Day (6am -12mn) - Households in TV Homes
Source: Nielsen Phils TAM (Arianna)
Effective January 2014, Mega Manila and Urban Luzon account for 60% and
77% of all Urban TV Households respectively
1st Quarter 2014 Audience Shares
Building a Global Brand ...
Over 271 thousand subscriptions as of
March 2014*
Almost 87 thousand subscriptions as of
March 2014*
18%YoY
30%YoY
International Pay TV Channels
Currently available in Canada, Middle East, North
Africa, Australia, Guam, Saipan, Japan ,
Madagascar, Malaysia, Singapore and Palau
Developments:
* The decrease in subscriber count was due to the shift in
our carrier partner in the Middle East and Europe starting
May 1, 2013.
Building a Global Brand ...
9X Platinum Record Award (combined physical and digital sales
– over 135,700 units) Sales period covering August 15, 2012 to February 28, 2014
Additional 10,700 units sold from January 1, 2014 to February 28, 2014
Gold Record Award (combined physical and digital sales – over
14,000 units) Sales period covering October 12, 2013 to February 28, 2014
Program Syndication and Licensing
Selected 1Q 2014 Deals
Vietnam Sold Free TV and Pay TV Rights of La Vendetta, Ang Babaeng Hinugot Sa Aking Tadyang, Ikaw Sana, Gumapang Ka
Sa Lusak, Dapat ka Bang Mahalin?, Love and Lies, Pahiram Ng Sandali, Blusang Itim, Forever, Coffee Prince and My
Husband’s Lover.
Malaysia and Brunei Sold Pay TV Rights of Koreana, Saan Darating Ang Umaga ? and Kung Aagawin Mo Ang Lahat Sa Akin.
Cambodia Sold Free TV Rights of Mundo Mo’y Akin, Temptation Of Wife and Anna Karenina.
Singapore Sold Pay TV Rights of Koreana, Saan Darating Ang Umaga ?, Kung Aagawin Mo Ang Lahat Sa Akin and Dyesebel.
Myanmar Sold Pay TV Rights of Kung Aagawin Mo Ang Langit, Sana Ay Ikaw Na Nga and Yesterday’s Bride.
South Korea Sold Pay TV Rights of Kung Aagawin Mo Ang Langit, Dapat Ka Bang Mahalin ?, My Lover, My Wife and Sinner Or Saint.
Hawaii Sold Free and Pay TV Rights of Kung Aagawin Mo Ang Langit and Broken Vow.
Inflight Sold My Lady Boss to Saudia Airlines.
Building a Global Brand ...
2014 International Awards
73rd Annual George Foster Peabody Awards
• GMA’s special coverage on typhoon Yolanda
2014 New York Festivals International TV & Film Awards
• Gold World Medal
o Community Portraits category: “Mga Sanggol at Langaw” episode, Tunay Na Buhay
• Silver World Medal
o Children/Youth Program: “Talaandig Tribe” episode, Tropang Potchi
o Community Service Program category: “Silang Wala sa Mapa” episode, Reel Time
o Community Portraits category: “Gintong Krudo at Sipa ng Pag-asa” stories, Brigada
• Bronze World Medal
o Best Coverage of Breaking News category: Zamboanga siege coverage, Quick
Response Team
o Community Portraits category: “Lusong Dunong” episode, Front Row
o Music Video category: “Dapat Tama” 2013 election advocacy campaign
Building a Global Brand ...
This is the Network and the country’s fourth Peabody Award. GMA is the
only news and public affairs organization in the country to have received
this prestigious award for excellence in broadcast journalism.
Consolidated Financial Report
For the First Quarter Ended March 31, 2014
GMA Network, Inc.
May 5, 2014
CONSOLIDATED REVENUES
For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP)
• Recurring revenues slightly decreased by 4% vs. Q1 ’13.
Subscription and
others +6%
Airtime revenues -5%
308 291
2,6732,543
0
1,000
2,000
3,000
4,000
3M '14 3M '13
2,964 2,851
Total
Revenues -4%
Total revenues decreased by 12%, gross of pol ads in
3M ‘13.
3M ’14 3M ’13 Inc (Dec)
TV
Channel 7/RTV 2,407 2,811 (14%)
Channel 11 (GNTV) 59 44 34%
Radio 77 95 (19%)
Airtime Revenues 2,543 2,950 (14%)
Less: Pol ads/advocacies - 278 (100%)
Regular Airtime Revenues 2,543 2,673 (5%)
AIRTIME REVENUES
For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP)
3M ’14 3M ’13 Inc (Dec)
International 258 247 4%
Subsidiaries and others 50 44 13%
Total Subscriptions and Others 308 291 6%
SUBSCRIPTION AND OTHER REVENUES
For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP)
3M ’14 3M ’13 Inc (Dec)
GPTV 271,194 329,981 (18%)
GLTV 86,960 124,461 (30%)
* Subscriber count
1,274 1,371
1,089 994
0
1,000
2,000
3,000
3M '14 3M '13
CONSOLIDATED OPERATING EXPENSES
For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP)
58% 54% Prod costs -7%
GAEX +10%
* Total OPEX of P2.363 billion was reduced by less than one percent.
2,365 2,363
FINANCIAL HIGHLIGHTS
For the Three Months Ended March 31, 2014 and 2013 (In Millions PhP)
Revenues -12%
Expenses -0.1%
EBITDA -31%
Net Income -46%
325 601823
1,193
2,3632,365
2,851
3,241
0
2,000
4,000
6,000
8,000
3M '14 3M '13
EBITDA was down by 31% vs. 2013. Net Income decreased by 46%.
628
832
600428
896 956
673
133
932
0
200
400
600
800
1000
1200
2007 2008 2009 2010 2011 2012 2013 2014
CAPITAL EXPENDITURES (In Millions PhP)
Capital Expenditures amounted to P133 million as of March 31, 2014.
RE
MA
ININ
G
1,065
3M
CONSOLIDATED BALANCE SHEETS (In Millions PhP)
7,8857,030
0
5,000
10,000
15,000
3M '14 3M '13
Current Assets
13,795 12,558
0
5,000
10,000
15,000
3M '14 3M '13
Total Assets
4,647
9,149
5,021
7,536
0
5,000
10,000
15,000
3M '14 3M '13
Total Liabilities Equity
2.151.70
0.00
1.00
2.00
3.00
3M '14 3M '13
Current Ratio
3,664 4,1270
5,000
10,000
15,000
3M '14 3M '13
Current Liabilities
HISTORICAL DIVIDEND DECLARATION For Years 2008-2014
Year Amount/Sh Total % of PY's NI* PY's NI*
2008 0.25 1,214,163,001 53% 2,285,798,065
2009 0.35 1,701,069,453 73% 2,342,588,827
2010 0.45 2,187,089,297 77% 2,841,817,112
0.25 1,215,049,069 43%
2011 0.45 2,187,089,297 78% 2,820,827,053
2012 0.40 1,944,079,375 113% 1,715,138,372
0.26 1,264,794,293 74%
2013 0.25 1,215,049,609 74% 1,642,404,207
2014 0.27 1,312,253,578 79% 1,654,414,467
* Prior Year's Net Income of Parent Company.
Thank you!
Kapuso ng pamilyang Pilipino,
anumang kulay ng buhay.
