3rd Quarter 2015 Investor’s Briefing Financial and Operating Results November 9, 2015

1 ABS-CBN Investor Presentation Revenues - Reported For the period ended September 30, 2015

11.1% 30,000 27,826 25,057

25,000

20,000 15,298 13,939 9.7% 15,000 In PHP Millions PHP In 55% 56%

10,000

11,118 12,528 5,000 12.7% 44% 45% 0 9M'14 9M'15 Ad Revenues Consumer Sales

2 ABS-CBN Investor Presentation Costs and Expenses For the period ended September 30, 2015

Production costs down 1.3%

28,000 25,040 9.8%

24,000 22,801

8,266 20,000 Production 1.3% 8,378 Costs

16,000 In PHP Millions PHP In 12,000 8,408 20.1% 6,999 Cost of Sales & Services 8,000

4,000 7,424 GAEX 8,366 12.7%

0 9M'14 9M'15

3 ABS-CBN Investor Presentation Financial Summary For the period ended September 30, 2015

In PHP Millions Net Revenues EBITDA Net Income

40,000 8,000 4,000

35,000 11.1% 7,000 16.0% 30,000 6,000 3,000

25,000 5,000 22.9% 20,000 4,000 2,000

15,000 27,826 3,000 6,151 25,057 5,301 10,000 2,000 1,000 1,894 1,540 5,000 1,000

0 0 0 9M'14 9M'15 9M'14 9M'15 9M'14 9M'15

Margins 21.2% 22.1% Margins 6.1% 6.8%

4 ABS-CBN Investor Presentation Business Segments - Reported For the period ended September 30, 2015

Our TV and Studio business has continued to strengthen…

Revenues EBITDA Net Income In Php Millions 9M'15 9M'14 % Ch 9M'15 9M'14 % Ch 9M'15 9M'14 % Ch

A. TV and Studio 20,465 19,005 7.7% 5,751 4,790 20.1% 3,035 2,182 39.1%

Margins 28.1% 25.2% 14.8% 11.5%

B. Pay TV Networks 6,010 5,780 4.0% 1,236 1,367 -9.6% 22 186 -88.2%

Margins 20.6% 23.7% 0.4% 3.2%

C. New Businesses 1,351 272 396.7% -836 -856 2.3% -1,163 -828 -40.4%

TOTAL 27,826 25,057 11.1% 6,151 5,301 16.0% 1,894 1,540 23.0%

Margins 22.1% 21.2% 6.8% 6.1%

* Numbers presented are net of ABS-CBNmobile TVCs.

5 ABS-CBN Investor Presentation TV and Studio – Free-to-Air

In PHP Millions Net Revenues Direct Costs 9.5% Produced more programming hours

14,341 13,100 8,318 8,328 with the same costs versus last year.

9M'14 9M'15 9M'14 9M'15 * Net of ABS-CBNmobile TVCs 3Q 2015 Programs

6 ABS-CBN Investor Presentation Audience Share and Ratings – Total Philippines (Urban + Rural)

Audience Share

Total Day Total Day Primetime Ratings 3Q'14 3Q'15 3Q'14 3Q'15 GMA 7 ABS-CBN 2 33.8 ABS-CBN 2 12.4 16.0 19.1 23.5 45.4 GMA 7 10.1 11.9 13.2 12.9

TV 5 TV 5 2.4 2.5 2.6 3.2 Others 7.1 14.0

Primetime ABS-CBN continues to be the clear GMA 7 leader in audience shares and ratings. 28.4 More than half of the total Philippine ABS-CBN 2 51.9 households tuned in to ABS-CBN TV 5 7.0 during primetime. Others 13.2

Source: Kantar Media TV Measurement, Jul to Sep 2015

7 ABS-CBN Investor Presentation Audience Share and Ratings – Mega Manila

Audience Share

Total Day Total Day Primetime Ratings 3Q'14 3Q'15 3Q'14 3Q'15 GMA 7 ABS-CBN 2 ABS-CBN 2 10.3 12.7 15.7 19.4 31.9 41.4 GMA 7 14.5 16.5 19.8 18.4 Others 19.3 TV 5 TV 5 3.6 3.2 4.1 4.2 8.1

Primetime ABS-CBN’s primetime shows GMA 7 continue to lead and capture the ABS-CBN 2 36.3 38.4 hearts of every Filipino.

Others 17.9 TV 5 8.3

Source: Kantar Media TV Measurement, Jul to Sep 2015

8 ABS-CBN Investor Presentation Audience Share and Ratings – Metro Manila

Audience Share

Total Day Total Day Primetime Ratings 3Q'14 3Q'15 3Q'14 3Q'15 GMA 7 ABS-CBN 2 34.6 11.7 13.7 18.3 21.4 35.2 ABS-CBN 2 GMA 7 12.6 13.5 17.7 15.3 Others 24.6 TV 5 TV 5 3.4 2.6 3.9 3.5 6.7

Primetime Strong primetime GMA 7 ABS-CBN 2 30.3 programs widened the 42.5 gap in ratings. TV 5 Others 6.9 21.7

Source: Kantar Media TV Measurement, Jul to Sep 2015

9 ABS-CBN Investor Presentation Top Programs – ALL GENRES

Rank Channel Program Share 1 ABS-CBN THE VOICE KIDS SUNDAY 43.8 Weekend 2 ABS-CBN THE VOICE KIDS SATURDAY 41.4 Weekend 3 ABS-CBN FPJ'S ANG PROBINSYANO 40.4 Weekday 4 ABS-CBN NATHANIEL 35.2 Weekday 5 ABS-CBN PANGAKO SA'YO 33.9 Weekday 6 ABS-CBN MMK ANG TAHANAN MO 33.6 Weekend 7 ABS-CBN WANSAPANATAYM 33.0 Weekend BOSES NG BULILIT MULING 8 ABS-CBN 32.8 Weekend BIBIRIT 9 ABS-CBN TV PATROL WEEKDAY 29.8 Weekday 10 ABS-CBN CELEBRITY PLAYTIME 28.7 Weekend Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015

10 ABS-CBN Investor Presentation Top Programs – WEEKDAY NARRATIVE

Rank Channel Program Share

1 ABS-CBN FPJ'S ANG PROBINSYANO 40.4 2 ABS-CBN NATHANIEL 35.2

3 ABS-CBN PANGAKO SA'YO 33.9

4 ABS-CBN BRIDGES OF LOVE 24.3 5 ABS-CBN ON THE WINGS OF LOVE 22.4 Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015

11 ABS-CBN Investor Presentation Top Programs – WEEKEND NARRATIVE

Rank Channel Program Share

1 ABS-CBN MMK ANG TAHANAN MO 33.6 2 ABS-CBN WANSAPANATAYM 33.0

3 GMA MAGPAKAILANMAN 20.6

4 ABS-CBN IPAGLABAN MO 17.0 5 GMA KARELASYON 14.9 Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015

12 ABS-CBN Investor Presentation Top Programs – VARIETY / REALITY / GAME

Rank Channel Program Share

1 ABS-CBN THE VOICE KIDS SUNDAY 43.8 2 ABS-CBN THE VOICE KIDS SATURDAY 41.4

3 ABS-CBN CELEBRITY PLAYTIME 28.7 YOUR FACE SOUNDS FAMILIAR 4 ABS-CBN 28.2 SATURDAY YOUR FACE SOUNDS FAMILIAR 5 ABS-CBN 24.8 SUNDAY Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015

13 ABS-CBN Investor Presentation Top Programs – NEWS and CURRENT AFFAIRS

Rank Channel Program Share

1 ABS-CBN TV PATROL WEEKDAY 29.8 2 ABS-CBN RATED K HANDA NA BA KAYO? 25.0

3 ABS-CBN MGA KWENTO NI MARC LOGAN 20.9

4 GMA KAPUSO MO, JESSICA SOHO 20.0 5 ABS-CBN SONA 2015 THE ABS-CBN 19.0 Source: Kantar Media TV Measurement, Total Philippines, Total Day, Jul to Sep 2015

14 ABS-CBN Investor Presentation International Distribution

Recognized in the global arena as a reliable foreign content provider. ABS-CBN International Distribution has been a premier source of high quality Filipino programming in over 50 territories all over the world and has sold over 30,000 hours of content worldwide.

 New territories opened: Kazakhstan & Thailand  “Bridges of Love” in Spanish for distribution in Latin America  Licensed 1,324 TV hours and 127 movies to Hooq  In talks with other potential OTT partners.

UK, Ireland, Italy, Turkey, Jordan, Jordan, Russia, American Samoa, Indonesia, Thailand, Cambodia, Vietnam, Myanmar, Brunei, Malaysia, Colombia, Pan Africa, Uganda, Kenya, Kazakhstan, Romania, Ghana, Nigeria, Tanzania, Macedonia, Latin and Hispanic America, Guinea, Cote d'lvoire, Sierra Leone, Liberia, Cameroon, Seychelles, Malawi, Zambia, Botswana, Namibia, Mauritius, South Africa, French-speaking Africa, Singapore, Fiji Islands, Hong Kong, China, South Korea

15 ABS-CBN Investor Presentation Digital Statistics Number 1 vs Philippine Websites Number 6 vs All Websites

Rank Property Rank Site 1 ABS-CBN News 1 facebook.com 2 GMA 2 google.com 3 Inquirer 3 google.com.ph 4 ABS-CBN.com 4 youtube.com 5 Lazada 5 yahoo.com 6 Rappler 6 abs-cbnnews.com 7 OLX 7 gmanetwork.com 8 Philstar 8 twitter.com 9 Metro Deal 9 amazon.com 10 BPI Online 10 blogspot.com

Source: Alexa – as of September 2015; Basis of ranking Source: Alexa – as of September 2015; Basis of ranking - - local page views and local reach global page views and global reach

16 ABS-CBN Investor Presentation ABS-CBN is the dominant digital media platform in the Philippines.

Number 1 local website,

Number 1 FB page, and

Number 1 Youtube Channel Launched three digital products: Stellar for Social Media Marketing, Chicken Pork Adobo for empowering Philippine Youtubers to create their own content, and Push Awards, for recognizing celebrities who communicate with their fans on digital WeStory is the Digital Storytelling arm of ABS-CBN, which works with brands in engaging their audiences in the digital space TV and Studio – Global

In PHP Millions Net Revenues Cost of Sales and Servies Global Viewership

3.4% 3,083 4.8% 2,786 2,844 2,522

4,367 4,222 2,534 2,661

9M'14 9M'15 9M'14 9M'15 2012 2013 2014 9M'15

Initiatives  Launched English-subtitled programs on TFC to engage non- Filipino speaking audiences.  With MYX TV, Global is committed to entertain millennials in fun, enjoyable and interesting ways ASAP Live in London drew with the launch of an Asian 10,000 to the Highest-grossing movie American reality show “I'm Asian SSE Wembley Arena released overseas American and...”.

20 ABS-CBN Investor Presentation TV and Studio - Films and Music

In PHP Millions

Net Revenues Costs of Sales and Services Non-theatrical revenues increased by 15% 6.6%  Branded entertainment  TV rights 3.4%  Retail Sales 1,173 1,096  558 539 Global and Sky pay-per-view  Digital sales 9M'14 9M'15 9M'14 9M'15  International syndication

3rd Q 2015 theatrical revenues up by 42% Php 414 M Php 588 M 3Q’14 3Q’15 She’s Dating the Gangster Break Up Playlist Maria Leonora Teresa The Love Affair Once a Princess Etiquette for Mistresses Talkback and You’re Dead Ex With Benefits

21 ABS-CBN Investor Presentation Pay TV Networks - SkyCable

In PHP Millions

Net Revenues Costs and Expenses

4.0% 10.1%

9.3% SKY broadband registered its 5,780 6,010 highest sales in Sept 2015; YTD 3,784 4,165 Sept 2015 sales is 39% better vs. the same period last year.

9M'14 9M'15 9M'14 9M'15

 Launched Sky Cable Prepaid in August 2015 to target a wider range of subscribers. Over 40 HD channels  New HD Channels (Fox Sports, AXN, AFC, Mezzo Live, ABS- currently being offered CBN).  Launched Sky Mobi - fast-speed mobile internet that lets you watch your favorite Sky cable channels and shows, and surf the Internet everywhere you go!  Launched Sky on Demand in July 2015 that lets subscribers catch up on their favorite shows on TV, Computer, Tablet or Smartphone!

22 ABS-CBN Investor Presentation Digital Terrestrial TV (DTT)

COVERAGE AREA • More than 800k boxes sold to date. Benguet • Additional 4 exclusive channels with Pangasinan no additional cost. Tarlac Nueva Ecija • Target: 1M boxes by December 2015. Pampanga Bulacan • Plans for 5 more transmitters in the Metro Manila (3) Rizal Vis Min Area over the next six Cavite Laguna months. Metro Cebu

23 ABS-CBN Investor Presentation KEY PARTNERSHIPS

Visitor Attendance

24 ABS-CBN Investor Presentation 1,800 120 1,600 100

1,400

1,200 80 1,000 60 800

In Thousands 600 40 400 20 200 - - January February March April May June July August September

EOP ARPU

25 ABS-CBN Investor Presentation Capital Expenditures

YTD capex spent - Php 3.8B Full year estimate - Php 6.2B

4,000

3,500 3,296

3,000

947 2,500

2,000 1,811

1,500 In PHP Millions PHP In 753 1,112 2,349 1,000 687 500 1,058 425 - Program Rights Pay TV and Digital Initiative Maintenance and Others

9M'15 Remaining Balance

26 ABS-CBN Investor Presentation Balance Sheet Highlights

In PHP Millions Total Assets Total Borrowings Equity 80,000 30,000 30,000 70,000 25,000 25,000 60,000 50,000 20,000 20,000 40,000 15,000 15,000 70,671 26,875 27,885 30,000 67,237 10,000 20,325 20,469 10,000 20,000 5,000 10,000 5,000 0 0 0 2014 9M'15 2014 9M'15 2014 9M'15

Cash 20,000 Ratios 2014 9M'15 15,000 Current 2.1 1.9 Debt-to-Equity 0.8 0.7 10,000 13,238 14,306 Net Debt-to-Equity 0.3 0.2 5,000

0 2014 9M'15

27 ABS-CBN Investor Presentation Except for historical and operating data and other information of historical matters, the statements contained herein are “forward-looking statements”. The words “believe”, “intend”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words are frequently used to indicate these forward looking statements. Any such forward-looking statement is not a guarantee of future performance and involves a number of known and unknown risks, uncertainties and other factors that could cause the actual performance, financial condition or results of operation of ABS-CBN to be materially different from any future performance, financial condition or results of operation implied by such forward-looking statement.

28 ABS-CBN Investor Presentation

THE END

29 ABS-CBN Investor Presentation