GMA NETWORK, INC.

Audience Shares 3rd Quarter 2014 Audience Shares

38.8 37.8

34.2 34.1

30.0 27.7

9.8 9.2 9.9

Mega.Manila Urban.Luzon NUTAM

GMA ABS TV5

Based on Total Day (6am -12mn) - Households in TV Homes Effective January 2014, Mega Manila and Urban Luzon account for Source: Nielsen Phils TAM (Arianna) 60% and 77% of all Urban TV Households, respectively. RATINGS UPDATE - Radio

#1 AM Radio station in Mega Manila

#1 FM Radio station in Cebu and Iloilo

#2 AM Radio station in Cebu

#2 FM Radio station in Bacolod and Dagupan

#3 FM Radio station in Mega Manila

SOURCE: Nielsen Media RAM Period covering (Sept 24-30 for Manila, Aug 23-29 for Cebu, Aug 29-Sept 3 for Iloilo, Aug 25-31 for Bacolod and Sept 9-15 for Dagupan) Building a Global Brand ... International Pay TV Channels

5%YoY 90%YoY

Almost 274 thousand subscriptions as of Over 19 thousand subscriptions as of September 2014 September 2014

9%YoY 25%YoY

Over 89 thousand subscriptions as of Almost 38 thousand subscriptions as September 2014 of September 2014 Building a Global Brand ...

Gold Record Award (combined physical and digital sales – over 11,000 units)

Release date: June 1, 2014

Sales as of September 30, 2014

Building a Global Brand ... Program Syndication and Licensing

Cambodia Sold Free TV Rights of Akin Pa Rin Ang Bukas

Vietnam Sold Free and Basic Pay TV Rights of Bukod Kang Pinagpala, Indio, Hiram Na Puso, Prinsesa Ng Buhay Ko, Mga Basang Sisiw, Ang Kakambal Ni Eliana, Maghihintay Pa Rin, Dormitoryo and Akin Pa Rin Ang Bukas

Malaysia, Singapore and Brunei Sold Basic Pay TV Rights of Babangon Ako't Dudurugin Kita, Magdusa Ka, Una Kang Naging Akin, Kaya Kong Abutin Ang Langit, Kasalanan Ba Ang Ibigin Ka? and Kung Aagawin Mo Ang Langit

Malaysia and Brunei Sold Online and Mobile Rights of Kaputol Ng Isang Awit

Nigeria Sold Basic Pay TV Rights of Dyesebel

Worldwide Various News Footage

Building a Global Brand ... Awards and Recognition AWARDS:

JULY

Philippine Association for National Advertisers PANAta Marketing Effectiveness Awards GMPI won in the External Communications – Programs - Brand category for its Del Monte Kitchenomics Branded Content and Integrated Mobile App.

The mobile app allows users to download recipes featured in the Del Monte Kitchenomics program just by scanning any Del Monte logo, seamlessly integrating the branded content with the user’s experience with the products.

AUGUST

Spark Awards for Media Excellence 2014 GMPI garnered 7 recognitions, including 3 Golds and 1 Silver, at the Spark Awards which celebrates the best practices in media solutions, products and services: • Del Monte Kitchenomics (2 Golds and 1 Silver for Best App, Best Use of Branded Content and Best Media Solution – Integrated Media) • GMA Christmas Short Films Campaign (Gold for Best Media Solution) • GMPI Team (Bronze for Best Creative Team) • GMPI’s Asim Kilig for Knorr Sinigang (Bronze for Best Media Solution) • Kapuso Milyonaryo (Bronze for Most Improved Offering)

SEPTEMBER

2014 CEO Excel Award Jessica Soho was recognized for her leadership and management role in communications excellence. The International Association of Business Communicators (IABC) Philippines confers the CEO Excel Award to top-level business and organization heads.

2014 NAMIC Excellence in Multicultural Marketing Awards (EMMA) GMA International was recognized for its “Manny Pacquiao T-Shirts Gift-with-Purchase” and “Celebrity Shout Out” promos which won second place in the Print and Social Media category, respectively, while the “Balikbayan/Repatriate Box Discount Card Gift-with-Purchase” promo finished third in the Grassroots category.

NAMIC is an international organization that recognizes superior multicultural marketing practices in the cable industry.

Consolidated Financial Report For the Nine Months Ended September 30, 2014

GMA Network, Inc. November 14, 2014 CONSOLIDATED NET REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP)

• Net revenues increased by 8% vs. Q2 ’14.

4,000

3,141 2,915 3,000 355 316 Airtime revenues +7% 2,000 Subscription and 2,786 2,598 others +12% 1,000 Total

0 Revenues +8% Q3 '14 Q2 '14 AIRTIME REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP)

*Net airtime revenues up by 7%.

Q3 ’14 Q2’14 Inc (Dec) TV Channel 7/RTV 2,584 2,420 7% Channel 11 (GNTV) 92 82 12% Radio 110 95 15% 2,786 2,598 7% SUBSCRIPTION AND OTHER REVENUES Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP)

* Revenues from International operations, subsidiaries and others increased by 12% vs. previous quarter. Q3 ’14 Q2 ’14 Inc (Dec) International 264 270 (2%) Subsidiaries and others 90 46 95% Total 355 316 12% ** Subscriber count Q3 ’14 Q2 ’14 Inc (Dec) GPTV 273,883 271,201 1% GLTV 89,136 88,579 1% Average Forex 44.01 44.06 (0.1%)

FINANCIAL HIGHLIGHTS Comparative Quarterly Highlights (vs. previous quarter) (In Millions PhP)

EBITDA and Net Income increased by 31% and 66%, respectively, against Q2’14.

8,000

7,000

6,000 3,141 5,000 2,915 Revenues +8% 4,000

3,000 Expenses +2% 2,590 2,544 2,000 EBITDA +31% 1,000 972 743 Net Income +66% 0 422 254

Q3 '14 Q2 '14 CONSOLIDATED NET REVENUES For the Third Quarters Ended September 30, 2014 and 2013 (In Millions PhP)

• Net revenues increased 4% vs. same quarter last year.

4,000

3,141 3,027 3,000 355 336 Airtime revenues +4% 2,000 Subscription and 2,786 2,691 others +6% 1,000 Total

0 Revenues +4% Q3 '14 Q3 '13 AIRTIME REVENUES For the Third Quarters Ended September 30, 2014 and 2013 (In Millions PhP)

* Net airtime revenues up by 4%

Q3 ’14 Q3 ’13 Inc (Dec) TV Channel 7/RTV 2,584 2,528 2% Channel 11 (GNTV) 92 82 13% Radio 110 82 34% Total 2,786 2,691 4% SUBSCRIPTION AND OTHER REVENUES For the Third Quarters Ended September 30, 2014 and 2013 (In Millions PhP)

Q3 ’14 Q3 ’13 Inc (Dec) International 264 254 4% Subsidiaries and others 90 82 10% Total 355 336 6%

** Subscriber count Q3 ’14 Q3 ’13 Inc (Dec) GPTV 273,883 261,167 5% GLTV 89,136 81,597 9% Average Forex 44.01 43.98 0.1%

FINANCIAL HIGHLIGHTS For the Third Quarters Ended September 30, 2014 and 2013 (In Millions PhP)

EBITDA and Net Income climbed by 15% and 20%, respectively, vs. the same quarter last year. 8,000

7,000

6,000 3,141 5,000 3,027 Revenues +4% 4,000

3,000 Expenses +3% 2,590 2,516 2,000 EBITDA +15% 1,000 972 846 Net Income +20% 0 422 353

Q3 '14 Q3 '13 CONSOLIDATED REVENUES For the Nine Months Ended September 30, 2014 and 2013 (In Millions PhP)

• Net revenues declined by 9% vs. 9M 2013 inclusive of pol ads and by 1% after carving out election-related advertising revenues worth P724M in 2013

9,752 10,000 8,906 9,000

8,000 7,000 Airtime 6,000 revenues -11% 5,000 8,859 7,927 Subscription and 4,000 others +10% 3,000 2,000 Total 1,000 Revenues -9% 979 893 0 9M '14 9M '13 AIRTIME REVENUES For the Nine Months Ended September 30, 2014 and 2013 (In Millions PhP)

9M ’14 9M ’13 Inc (Dec) TV Channel 7/RTV 7,411 8,346 (11%) Channel 11 (GNTV) 234 204 14% Radio 283 309 (8%) 7,927 8,859 (11%) Less: Non-recurring Pol Ads - 724 (100%) Total 7,927 8,135 (3%) SUBSCRIPTION AND OTHER REVENUES For the Nine Months Ended September 30, 2014 and 2013 (In Millions PhP)

9M ’14 9M ’13 Inc (Dec) International 792 725 9% Subsidiaries and others 187 168 12% Total 979 893 10%

* Subscriber count 9M ’14 9M ’13 Inc (Dec) GPTV 273,883 261,167 5% GLTV 89,136 81,597 9% Average Forex 44.34 42.34 5%

CONSOLIDATED OPERATING EXPENSES For the Nine Months Ended September 30, 2014 and 2013 (In Millions PhP)

• Total OPEX dropped by 1% year-on-year.

7,497 7,601 8,000

7,000

6,000 3,463 3,344 5,000 4,000 GAEX 4% 3,000 Prod costs -5% 2,000 4,034 4,257 54% 56% 1,000

0 9M '14 9M '13

FINANCIAL HIGHLIGHTS For the Nine Months Ended September 30, 2014 and 2013 (In Millions PhP)

EBITDA and Net Income were down by 19% and 33%, respectively

24,000 22,000 20,000 18,000 9,752 16,000 8,906 14,000 Revenues -9% 12,000 10,000 Expenses -1% 7,601 8,000 7,497 6,000 EBITDA -19% 4,000 3,138 2,000 2,538 Net Income -33% 0 1,001 1,488

9M '14 9M '13 CAPITAL EXPENDITURES (In Millions PhP)

Capital Expenditure availments amounted to P967 million as of September 30, 2014.

1,065 1200

REMAINING 1000 98

800

600 9M 896 956 967 400 832 673 628 600 428 200

0 2007 2008 2009 2010 2011 2012 2013 2014

CONSOLIDATED BALANCE SHEETS (In Millions PhP)

Current Assets

15,000 Current Liabilities

10,000 15,000

8,444 10,000 5,000 7,487 Current Ratio

0 3.00 5,000 9M '14 9M '13 4,601 3,674 2.00 0 1.84 2.04 9M '14 9M '13 1.00

Total Assets 0.00 Total Liabilities Equity 9M '14 9M '13 15,000 15,000

14,266 10,000 13,035 10,000 8,478 8,398

5,000 5,000 5,745 4,603 0 0 9M '14 9M '13 9M '14 9M '13

Thank you!

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