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GMA NETWORK, INC.
Full Year 2011 Results
04/10/12
RATINGS UPDATE
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 16.6! 17.6! 16.0! 16.7! 17.1! 16.4!ABS! 9.7! 9.7! 9.1! 9.7! 10.4! 10.6!
TV5! 7.8! 6.8! 6.4! 6.5! 6.1! 5.9!
Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna) * Mar 25 to 31 are based on overnights Number of viewers were computed using the rating point equivalent per Household (54,610) for Mega) multiplied by an estimated 5 viewers per Household
Household Ratings
Audience Shares
GMA leads ABS by 5.8 points and TV5 by 10.5 points
Dominance in Mega Manila
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 39.8! 42.2! 40.9! 40.8! 41.0! 40.1!ABS! 23.2! 23.3! 23.2! 23.8! 24.9! 26.0!
TV5! 18.8! 16.4! 16.2! 15.8! 14.7! 14.4!
GMA leads ABS by 14.1 points and TV5 by 25.7 points
Mega Manila accounts for 59.5% of all Urban TV Households
Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to almost 1.6M viewers over ABS and close to 2.9M viewers against TV5
RATINGS UPDATE
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 15.8! 17.0! 15.5! 15.9! 16.1! 15.5!ABS! 10.2! 10.3! 9.6! 10.2! 10.8! 10.9!
TV5! 7.2! 6.4! 5.9! 6.0! 5.8! 5.6!
Household Ratings
Audience Shares
Continued Leadership in Urban Luzon
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 38.9! 41.3! 40.1! 39.9! 39.8! 38.8!ABS! 25.0! 25.0! 25.0! 25.5! 26.7! 27.4!
TV5! 17.8! 15.5! 15.2! 15.0! 14.2! 14.1!
GMA leads ABS by 4.6 points and TV5 by 9.9 points
GMA leads ABS by 11.4 points and TV5 by 24.7 points
Urban Luzon accounts for 77% of all Urban TV Households
Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to almost 1.6 M viewers over ABS and close to 3.5 M viewers against TV5
Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna) * Mar 25 to 31 are based on overnights Number of viewers were computed using the rating point equivalent per Household (70,430 for Luzon) multiplied by an estimated 5 viewers per Household
RATINGS UPDATE
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 14.3! 15.3! 14.0! 14.5! 14.4! 13.8!ABS! 12.0! 11.9! 11.2! 11.4! 12.1! 12.3!
TV5! 6.8! 6.1! 5.8! 6.0! 5.8! 5.7!
NUTAM TV Households
Household Ratings
Audience Shares
# 1 NATIONWIDE
Oct 2011!
Nov! Dec! Jan 2012!
Feb! Mar*!
GMA! 35.3! 37.5! 36.2! 36.7! 36.3! 35.1!ABS! 29.5! 29.3! 29.1! 29.0! 30.4! 31.3!
TV5! 16.8! 15.0! 15.0! 15.2! 14.6! 14.6!
GMA leads ABS by 1.5 point and TV5 by 8.1 points
GMA leads ABS by 3.8 points and TV5 by 20.5 points
Based on an estimated 5 viewers per Household, GMA’s lead is equivalent to almost 700K viewers versus ABS and over 3.7 M viewers against TV5
Based on Total Day (6am -12mn)- Households in TV Homes Source: Nielsen Phils TAM (Arianna) * Mar 25 to 31 are based on overnights Number of viewers were computed using the rating point equivalent per Household (91,830) for NUTAM) multiplied by an estimated 5 viewers per Household
4Q 2011 4Q 2010 Diff (2011‐2010)
in mins. % inc/dec
Total 80,006 93,554 (13,549) (14.5)
GMA 21,107 24,473 (3,366) (13.8)
GMA (Less Eat Bulaga/Boxing Specials) 17,924 21,058 (3,135) (14.9)
ABS‐CBN 22,949 26,843 (3,893) (14.5)
ABS (Less Mon‐Sat NoonFme shows) 21,172 24,129 (2,957) (12.3)
GNTV/ QTV* 6,868 7,522 (654) (8.7)
TV 5 5,097 4,848 249 5.1
Studio 23 3,599 5,147 (1,548) (30.1)
Source: Nielsen Phils (Adquest)
Ad minutes
Total represents the combined loading of Nielsen-monitored FTA channels (ABS, GMA, GNTV/QTV, TV 5, ETC (RPN)/SOLAR TV, Studio 23, TALK TV/SBN (ETC), RJTV 2nd Ave, NBN and IBC)
* QTV was re-launched as GMA NEWS TV (GNTV) on Feb 28, 2011 with a different program line-up • NOTE: Commercial minutes do not include 5 secs, gov’t ads (except political ads), network text-in promos, portion buys, station plugs and
entertainment related ads (i.e., movies, concerts, tours and stage performance) as classified by The Nielsen Company Phils.
Jan‐Dec 2011
Jan‐Dec 2010
Diff (2011‐2010)
in mins. % inc/dec
Total 323,374 337,278 (13,903) (4.1)
Total (Less PoliFcal Ads and Pseudo‐pol ads in 2010) 323,374 224,361 (987) (0.3)
GMA 90,475 88,611 1,865 2.1
GMA (Less EB/Boxing Special and PoliFcal Ads in 2010) 77,749 71,626 6,124 8.5
ABS‐CBN 95,854 103,175 (7,322) (7.1)
ABS (Less Mon‐Sat NoonFme shows and Pol Ads in 2010) 87,911 83,991 3,921 4.7
GNTV/ QTV* 16,271 28,502 (12,232) (42.9)
TV 5 22,659 12,390 10,268 82.9
Studio 23 17,088 15,565 1,523 9.8
Source: Nielsen Phils (Adquest)
Ad minutes
Total represents the combined loading of Nielsen-monitored FTA channels (ABS, GMA, GNTV/QTV, TV 5, ETC (RPN)/SOLAR TV, Studio 23, TALK TV/SBN (ETC), RJTV 2nd Ave, NBN and IBC)
* QTV was re-launched as GMA NEWS TV (GNTV) on Feb 28, 2011 with a different program line-up • NOTE: Commercial minutes do not include 5 secs, gov’t ads (except political ads), network text-in promos, portion buys, station plugs and
entertainment related ads (i.e., movies, concerts, tours and stage performance) as classified by The Nielsen Company Phils.
Building a Global Brand ...
More than 291 thousand subscriptions as of end 2011
More than 114 thousand subscriptions as of end 2011
7% YoY 9% YoY
International Pay TV Channels …
Program Syndication and Licensing …
Currently available in Australia, Canada, Guam, Japan , Madagascar, UAE and soon in Europe, Malaysia and the United States.
TV3 Ghana – Sold Free TV rights of Marimar, Una Kang Naging Akin, Ang Babaeng Hinugot sa
Aking Tadyang and Impostora for telecast in Ghana
DM Don Square – Sold Free TV rights of Kung Aagawin Mo Ang Lahat sa Akin, Ang Iibigin ay Ikaw and My Only Love for telecast in Brunei
Suraya Filem Productions - Sold Free and Pay TV rights of Patient X and My Valentine Girls for telecast in Malaysia and Brunei
Continental Content Distribution Company – Sold Free TV rights of Magdusa Ka,
Langit Sa Piling Mo, Kung Aagawin Mo Ang Lahat sa Akin, Ikaw Sana and Kaya Kong Abutin Ang Langit for telecast in Kenya
Crown Era Ltd - Sold Pay TV rights of Ngayon at Kailanman, Beauty Queen, Ang Babaeng Hinugot
sa Aking Tadyang, Impostora, Una Kang Naging Akin, Magdusa Ka, Dyesebel, Gumapang Ka sa Lusak and Kung Aagawin Mo Ang Lahat sa Akin for telecast in South Korea
4Q 2011 Deals
Consolidated Financial Report For the Year Ended December 31, 2011
Analysts Briefing GMA Network, Inc. April 10, 2012
CONSOLIDATED GROSS REVENUES For the Years Ended December 31, 2011 and 2010
(In Millions PhP)
Pol ads
* Revenues from regular advertising, subscriptions and others increased by 7% vs. 2010
Recurring revenues Total Revenues
-9%
Recurring Airtime revenues +7%
Subscription and others +9%
2011 2010 Inc (Dec)
TV
Channel 7/RTV 11,189 10,332 8%
Channel 11 (GNTV/QTV) 256 426 (40%)
Radio 436 381 15%
11,881 11,139 7%
Add: Non-recurring pol ads – 2,054 –
Total 11,881 13,193 (10%)
AIRTIME REVENUES For the Years Ended December 31, 2011 and 2010
(In Millions PhP)
* Airtime revenues up 7% from regular advertisers. Ch-7/RTV airtime revenues up by 8% sans political ads of P1.881B in 2010. Radio up 15% minus pol ads of P155M.
2011 2010 Inc (Dec)
International 965 925 4%
Subsidiaries and others 237 181 31%
Total 1,202 1,107 9%
SUBSCRIPTION AND OTHER REVENUES For the Years Ended December 31, 2011 and 2010
(In Millions PhP)
* Revenues from international operations up 4%; albeit 6% in dollar-terms.
CONSOLIDATED OPERATING EXPENSES For the Years Ended December 31, 2011 and 2010
(In Millions PhP)
55% 57%
Production costs +11%
GAEX +4%
* Total OPEX of P8.984 billion increased by 8% vs. 2010
FINANCIAL HIGHLIGHTS For the Years Ended December 31, 2011 and 2010
(In Millions PhP)
Revenues -9%
Expenses +8%
EBITDA -34%
Net Income -39%
EBITDA and Net Income were down 34% and 39%, respectively
INCOME STATEMENT Quarterly Performance
Y2007 Y2008 Y2009 Y2011 Y2010
3138
3587
1989
2354
534 521 525
2187
3384
CAPITAL EXPENDITURES (In Millions PhP)
Capital Expenditures for 2011 amounted to P896M
FINANCIAL RATIOS For the Years Ended December 31, 2011 and 2010
CONSOLIDATED BALANCE SHEETS (In Millions PhP)
DIVIDENDS DECLARED For the Years 2008-2012
(amounts in millions except dividend per share)
Year PY’s NI Div/Share Total Dividend Declared % of PY’s NI
2008 P2,307.2 P 0.25 P1,214.2 53%
2009 2,368.9 0.35 1,701.1 72%
2010 2,818.3 0.45 0.25
2,187.1 1,215.0
78% 43%
2011 2,820.8 0.45 2,187.1 78%
2012 1,698.5 0.40 1,944.1 114%
