FY 2017 Investors’ Briefing Financial and Operating Results March 23, 2018 Business Segments Media Networks & Studio Entertainment Cable, Satellite & Broadband - Entertainment - News - Global - Pay TV (Cable & - Film & Music Satellite) - Radio - DTT - Broadband - Sports - Cable channels - Publishing Digital & Interactive Media Consumer Products & Experiences - Online - Mobile - Live events - Over-the-Top - Themepark - Home shopping - ABS-CBN store - Licensing & merchandising Consolidated FY 2017 Financial Results (In millions Php) Revenue EBITDA Net Income + 9% - 2% + 39% 41,631 + 24% 40,698 - 2% - 10% 3,525 38,278 9,853 9,626 3,164 7,940 2,545 2015 2016 2017 2015 2016 2017 2015 2016 2017 Margins 21% 24% 24% 7% 8% 8% Net income attributable to Equity Holders of the Parent is P3.3B for 2017 Consolidated FY 2017 Revenue BY REVENUE CATEGORY BY GEOGRAPHICAL LOCATION 41,631 41,631 40,698 40,698 38,278 38,278 6,007 14% 6,217 15% 6,062 15,996 38% 16% 16,902 42% 15,349 40% 1,984 5% 1,664 4% 2,697 6% 35,623 86% 34,481 85% 32,216 84% 23,650 57% 21,265 56% 21,098 52% 2015 2016 2017 2015 2016 2017 Advertising TV Plus - Sales Consumer Domestic International Consolidated FY 2017 Costs and Expenses 36,690 + 6% 36,572 - % 34,686 12,012 + 5% 11,834 - 2% 11,434 10,033 10,124 + 1% 9,467 + 6% 1,664 1,984 + 19% 2,697 + 36% 12,121 12,661 + 4% 11,917 - 6% 2015 2016 2017 GAEX TV Plus - COS Cost of Sales Production Cost Consolidated FY 2017 Segment Report Operating Revenue Net Income NI Attributable to Parent Segment 2016 2017 2016 2017 2016 2017 Media Networks & Studio Entertainment 31,315 29,465 4,108 3,564 4,267 3,642 Margin 13% 12% 14% 12% Cable, Satellite & Broadband 8,761 9,124 70 123 40 86 Margin 1% 1% 0% 1% Digital & Interactive Media 671 1,220 (634) (441) (428) (327) Consumer Products & Experiences 883 889 (19) (82) 6 (67) Totals 41,631 40,698 3,525 3,164 3,885 3,334 Digital Terrestrial Television Boxes Sold 17 Sites Nationwide • Luzon 2,010 1. Quezon City 2. Makati 3. Mandaluyong 1,311 4. Jala jala 5. Bulacan, Guiguinto 839 6. Bulacan, San Miguel 7. Pampanga, San Fernando 8. Cabanatuan 2015 2016 2017 9. Tarlac 10. Laguna, San Pablo • More than 4.3 million boxes 11. Cavite, Silang sold as of December 2017 12. Baguio, Sto. Tomas • Visayas • Average of 167k boxes sold 13. Cebu per month in 2017 and more 14. Bacolod than 2M boxes sold in 2017. 15. Iloilo • Minadanao 16. Davao 17. Cagayan de Oro DTT : Changing the distribution landscape Total Philippines - Household Mix by Platform Full Year 2017 Total Urban Mega Metro Philippines Philippines Manila Manila HOMES (in Thousands) 18,935 9,857 5,267 3,032 CABLE or DTT HOMES 36.7% 45.2% 63.3% 78.1% Cabled Homes 23.8% 24.1% 27.5% 38.3% DTT Homes 12.8% 21.0% 35.8% 39.8% NON CABLE & NON DTT HOMES 64.5% 57.1% 40.8% 28.1% Full Year 2016 Total Urban Mega Metro Philippines Philippines Manila Manila HOMES (in Thousands) 15,455 9,017 4,701 2,686 CABLE or DTT HOMES 24.0% 32.7% 41.9% 52.3% Cabled Homes 18.1% 23.4% 25.6% 37.2% DTT Homes 6.5% 10.3% 18.1% 17.5% NON CABLE & NON DTT HOMES 76.0% 67.3% 58.1% 47.7% Source: Kantar Media - January – December 2017 - January – December 2016 Free-to-Air Total Day National Audience Share for 2017 CHANNEL 2015 2016 2017 ABS-CBN 47.03 49.58 53.20 Channel 2 43.20 44.70 45.70 ABS-CBN S + A 3.30 3.14 1.58 Cinemo 0.21 0.83 3.22 Yey 0.12 0.54 2.29 Knowledge Channel 0.02 0.03 0.08 Teleradyo 0.18 0.35 0.34 GMA 35.50 33.80 33.50 TV 5 7.40 6.50 3.30 Other FTA 3.90 4.10 2.90 Other Cable 6.50 6.50 7.50 Source: Kantar Media TV Ratings Measurement; January – December 2017 Channel 2 National Audience Share Morning Block (6AM-12NN) Noontime Block (12NN-3PM) 41 42 39 48 48 37 35 32 42 42 35 36 8 7 5 7 6 3 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA Afternoon Block (3PM-6PM) Primetime Block (6PM-12MN) TV5 44 46 45 53 52 52 38 37 35 31 33 32 8 7 5 7 7 6 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement – Total Homes, Total Philippines (Urban + Rural) January – December 2017; Period covered excludes Holy Week Channel 2 Mega Manila Audience Share Morning Block (6AM-12NN) Noontime Block (12NN-3PM) 38 35 53 32 34 30 28 44 42 34 36 28 9 6 5 7 5 3 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA Afternoon Block (3PM-6PM) Primetime Block (6PM-12MN) TV5 41 44 39 39 38 40 39 39 36 33 35 29 9 8 7 7 7 5 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement – Mega Manila January – December 2017; Period covered excludes Holy Week Channel 2 Metro Manila Audience Share Morning Block (6AM-12NN) Noontime Block (12NN-3PM) 38 46 34 40 32 37 38 30 27 31 34 21 7 5 3 6 4 2 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 ABS-CBN GMA Afternoon Block (3PM-6PM) Primetime Block (6PM-12MN) TV5 46 40 43 37 36 42 34 32 32 33 34 29 8 6 7 4 6 6 2015 2016 2017 2015 2016 2017 ABS-CBN GMA TV 5 ABS-CBN GMA TV 5 Source: Kantar Media TV Audience Measurement – Metro Manila January – December 2017; Period covered excludes Holy Week ABS-CBN leads in national ratings with shows dominating Top 20 spots in 2017 RANK CHANNEL PROGRAM RATINGS 1 ABS-CBN FPJ'S ANG PROBINSYANO MON-FRI 38.6 2 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SUNDAY SUN 36.4 3 ABS-CBN YOUR FACE SOUNDS FAMILIAR KIDS SATURDAY SAT 35.0 4 ABS-CBN THE VOICE TEENS SUNDAY SUN 34.9 5 ABS-CBN THE VOICE TEENS SATURDAY SAT 33.9 6 ABS-CBN LA LUNA SANGRE MON-FRI 33.8 7-8 ABS-CBN TV PATROL WEEKDAY MON-FRI 31.3 7-8 ABS-CBN LITTLE BIG SHOTS SUNDAY SUN 31.3 9 ABS-CBN LITTLE BIG SHOTS SATURDAY SAT 30.9 10 ABS-CBN WANSAPANATAYM SUN 29.8 11 ABS-CBN MMK 25 SAT 29.6 12 ABS-CBN MY DEAR HEART MON-FRI 27.6 13 ABS-CBN MAGPAHANGGANG WAKAS MON-FRI 25.0 14 GMA ENCANTADIA MON-FRI 24.4 15 ABS-CBN HOME SWEETIE HOME SAT 24.2 16 ABS-CBN WILDFLOWER MON-FRI 23.8 17 ABS-CBN GOIN' BULILIT SUN 22.1 18 GMA PEPITO MANALOTO ANG TUNAY NA KUWENTO SAT 20.5 19 GMA 24 ORAS WEEKDAY MON-FRI 20.2 20 ABS-CBN 24 ORAS WEEKEND SATURDAY SAT 19.5 Source: Kantar Media TV Audience Measurement – Total Homes Period: January – December 2017 International Revenue Program Syndication Programs distributed in 35 Territories + 3% + 38% ASIA AFRICA SOUTH AMERICA EUROPE - 1% Malaysia Kenya Mexico Poland 6,217 209 Indonesia Uganda Peru Turkey 6,062 6,007 + 76% Brunei Zambia Colombia Romania 152 Fiji Tanzania China Namibia Singapore Ghana 86 Taiwan Nigeria Cambodia Mauritius Myanmar Seychelles Vietnam Cameroon Papua New Guinea Malawi 2015 2016 2017 2015 2016 2017 Sri Lanka Sierra Leone Thailand Liberia Kyrgyzstan Botswana • TFC Viewership at Kazakhstan 3.0 million level as of December 2017 TFC Channels International International Box Office Movies grossed over USD9.7M in 2017 Cinematografo Showcasing the Filipino and Filipino-American talent in filmmaking alongside the best of the world Narratives Documentaries Shorts Star Cinema Films Star Cinema’s theatrical receipts grossed over 2.4 billion in 2017, capturing 76% of local Market Share Music Tarsier Records set to targeting non-Filipino audience and making a difference on all things millennially and digitally sound on the internet Cable, Satellite & Broadband (In millions Php) Sky Revenues Our broadband and DTH and subscriber base continue to expand year-on-year 9,124 + 4% 8,761 + 8% (In thousands Php) 634 Sky Subscribers 8,083 803 765 208 2,463 3,392 207 399 1,646 119 41 797 757 185 2016 2017 Cable DTH Broadband 5,672 5,454 4,913 SKY subscribers exclusive offerings 2015 2016 2017 Cable DTH Broadband Airtime and Misc Total revenues grew by P363M or 4% Digital Online platforms generated 660 million in revenues, 95% higher than 2016 Forged partnerships with NBA.com, Twitter Amplify and CainCade Top YouTube Publisher in the Philippines Top Facebook page in the Media Category in the Philippines Source: Tubular – Social Video Analytics and Video Intelligence Platform Consumer Products and Experiences Generated P528M in total revenues, with Our events brought the ABS-CBN experience closer to our 339k attendance as of December 2017. audiences, generating 1.1B total revenues in 2017 Capital Expenditures Spent Php 7.9B out of the Php 8.0B budget for 2017; 7,905 + 2% 7,715 6,873 5,522 4,108 4,651 2,159 2,216 1,448 1,038 2016 2017 Program Rights Cable, Satellite & Broadband Digital initiatives, Maintenance & Others Balance Sheet Highlights Total Assets Total Borrowings Equity 33,711 75,125 31,692 20,402 20,472 20,387 72,734 28,715 69,944 2015 2016 2017 2015 2016 2017 2015 2016 2017 Ratios 2015 2016 2017 Current 1.88 2.02 2.18 Debt-to-Equity 0.71 0.65 0.60 Net Debt-to-Equity 0.31 0.30 0.24 Except for historical and operating data and other information of historical matters, the statements contained herein are “forward-looking statements”.