GMA NETWORK, INC.

2nd Quarter/1st Half 2014 Results

14 -08-14

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 accounts

for 60% and 77% of all Urban TV Households respectively

2nd Quarter 2014 Audience Shares

RATINGS UPDATE

* 3Q Audience Shares reading – data from July to August 9,

2014; Aug 3-9 based on overnights

Based on Total Day (6am -12mn) - Households in TV Homes

Source: Nielsen Phils TAM (Arianna)

Effective January 2014, Mega Manila and Urban Luzon accounts

for 60% and 77% of all Urban TV Households respectively

Momentum shifting in the 3rd Quarter*

Building a Global Brand ...

Over 271 thousand subscriptions as of

June 2014

Over 88 thousand subscriptions as of

June 2014

8%YoY

20%YoY

International Pay TV Channels

Almost 18 thousand subscriptions as

of June 2014

894%YoY

Almost 38 thousand subscriptions as

of June 2014

30%YoY

Building a Global Brand ...

After the success of her 9X Platinum Record comes Julie

Anne’s new Album “Deeper” launched in June.

Platinum Record Award (combined physical and

digital sales – over 16,000 units)

Release date: October 12, 2013

Sales as of May 21, 2014

Program Syndication and Licensing

Selected 2Q 2014 Deals

Cambodia

Sold Free TV Rights of Indio and My Husband's Lover

Vietnam

Sold Free and Pay TV Rights of Ngayon at Kailanman, Kaya Kong Abutin Ang Langit, Kasalanan Ba Ang Ibigin Ka ?,

Anna Karenina, Kahit Nasaan Ka Man and Genesis

Malaysia

Sold Free TV and Online/Mobile Rights of Pahiram Ng Sandali and Temptation of Wife;

Sold Pay TV Rights of Ikaw Lang Ang Mamahalin and Pahiram Ng Isang Ina

Singapore/Brunei

Sold Pay TV Rights of Ikaw Lang Ang Mamahalin and Pahiram Ng Isang Ina

Myanmar

Sold Free TV Rights of Amaya

Nigeria

Sold Pay TV Rights of My Lover, My Wife and Sinner or Saint

Uganda

Sold Free TV Rights of Ang Babaeng Hinugot sa Aking Tadyang and Ngayon at Kailanman

Philippines

Sold Pay TV Rights of Impostora (English-dubbed version)

Building a Global Brand ...

Awards and Recognition Building a Global Brand ...

Corporate Governance

GMA Network was named among the top-performing listed companies in the country based on the ASEAN Corporate

Governance Scorecard (ACGS) country reports and assessments for 2013-2014.

This is the second year in a row that GMA was included in the list.

US Int’l Film and Video Festival

GMA Network gained Two (2) Gold Camera Awards and Five (5) Silver Screen Awards during the 2014 US International

Film and Video Festival (USIFVF) based in Los Angeles, California.

20th Communicator Awards

GMA International garnered four Silver Awards of Distinction at the 20th Communicator Awards.

The Communicator Awards is the leading international awards program that recognizes creative excellence in

advertising, corporate communications, public relations and identity work in print, video, audio and interactive formats.

2014 Asia Rainbow TV Awards

GMA News TV’s original series Bayan Ko received the award for Outstanding Inspirational Drama at the 2014 Asia

Rainbow TV Awards held June 26 at the Venetian Hotel in Macau.

Organized by the Hong Kong Television Association and the China Television Production Committee, the Asia Rainbow

is now considered the Emmy Awards of Asia.

2014 Reader’s Digest Trusted Brands

GMA Network was named Reader’s Digest’s most trusted television network brand for the third time in five years.

Asia Image Apollo Awards

GMA News and Public Affairs’ groundbreaking historical drama Katipunan took home the award for ‘Best

Cinematography – Long Form’ at the Asia Image Apollo Awards ceremony last June 18.

Consolidated Financial Report

For the First Half Ended June 30, 2014

GMA Network, Inc.

August 14, 2014

CONSOLIDATED NET REVENUES

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

•Net revenues increased by 2% vs. Q1 ’14.

Subscription and

others +3%

Airtime

revenues +2%

2,542

316 309

2,598

0

1,000

2,000

3,000

4,000

Q2 '14 Q1 '14

2,851 2,915

Total

Revenues +2%

AIRTIME REVENUES

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

* GNTV-11 and Radio airtime revenues up by double-digit percentages.

Q2 ’14 Q1’14 Inc (Dec)

TV

Channel 7/RTV 2,420 2,406 1%

Channel 11 (GNTV) 82 59 40%

Radio 95 77 23%

2,598 2,542 2%

SUBSCRIPTION AND OTHER REVENUES

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

** Subscriber count

Q2 ’14 Q1 ’14 Inc (Dec)

International 270 258 5%

Subsidiaries and others 46 51 (8%)

Total 316 309 3%

Q2 ’14 Q1 ’14 Inc (Dec)

GPTV 271,201 271,194 -

GLTV 88,579 86,960 2%

Average Forex 44.06 44.94 (2%)

* Revenues from International operations climbed 5% from Q1 and 6% in

dollar-terms.

CONSOLIDATED NET REVENUES

For the Second Quarter Ended June 30, 2014 and 2013 (In Millions PhP)

•Net revenues decreased by 16% vs. Q2 ’13 but only by 6% after carving out

political advertisements in Q2 `13.

Subscription and

others +19%

Airtime

revenues -19%

3,219

316

265

2,598

0

1,000

2,000

3,000

4,000

Q2 '14 Q2 '13

3,484

2,915

Total

Revenues -16%

AIRTIME REVENUES

For the Second Quarter Ended June 30, 2014 and 2013 (In Millions PhP)

* GNTV-11 airtime climbed 5% from a year ago.

Q2 ’14 Q2 ’13 Inc (Dec)

TV

Channel 7/RTV 2,420 3,008 (20%)

Channel 11 (GNTV) 82 79 5%

Radio 95 132 (28%)

2,598 3,219 (19%)

Less: Non-recurring Pol Ads - 447 (100%)

Total 2,598 2,772 (6%)

SUBSCRIPTION AND OTHER REVENUES

For the Second Quarter Ended June 30, 2014 and 2013 (In Millions PhP)

** Subscriber count

Q2 ’14 Q2 ’13 Inc (Dec)

International 270 224 20%

Subsidiaries and others 46 41 13%

Total 316 265 19%

Q2 ’14 Q2 ’13 Inc (Dec)

GPTV 271,201 252,275 8%

GLTV 88,579 73,752 20%

Average Forex 44.06 42.26 4%

CONSOLIDATED REVENUES

For the First Half Ended June 30, 2014 and 2013 (In Millions PhP)

• Net revenues declined by 14% vs. 6M ’14.

Subscription and

others +12%

Airtime revenues -17%

625 557

6,1685,141

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

6M '14 6M '13

6,725

5,766

Total

Revenues -14%

AIRTIME REVENUES

For the First Half Ended June 30, 2014 and 2013

(In Millions PhP)

6M ’14 6M ’13 Inc (Dec)

TV

Channel 7/RTV 4,827 5,818 (17%)

Channel 11 (GNTV) 141 123 15%

Radio 173 227 (24%)

5,141 6,168 (17%)

Less: Non-recurring Pol Ads - 724 (100%)

Total 5,141 5,444 (6%)

SUBSCRIPTION AND OTHER REVENUES

For the First Half Ended June 30, 2014 and 2013 (In Millions PhP)

* Subscriber count

6M ’14 6M ’13 Inc (Dec)

International 528 471 12%

Subsidiaries and others 97 86 13%

Total 625 557 12%

6M ’14 6M ’13 Inc (Dec)

GPTV 271,201 252,275 8%

GLTV 88,579 73,752 20%

Average Forex 44.50 41.52 7%

2,640 2,793

2,267 2,292

0

1,000

2,000

3,000

4,000

5,000

6,000

6M '14 6M '13

CONSOLIDATED OPERATING EXPENSES

For the First Half Ended June 30, 2014 and 2013 (In Millions PhP)

55% 54% Prod costs -5%

GAEX -1%

* Total OPEX of P4.907 billion was reduced by 4% vs. comparable period.

5,086 4,907

FINANCIAL HIGHLIGHTS

For the First Half Ended June 30, 2014 and 2013 (In Millions PhP)

Revenues -14%

Expenses -4%

EBITDA -32%

Net Income -49%

580 1,1351,566

2,291

4,9075,086

5,766

6,725

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

6M '14 6M '13

EBITDA was down by 32% vs. 2013. Net Income decreased by 49%.

628

832

600428

896 956

673837

228

0

200

400

600

800

1000

1200

2007 2008 2009 2010 2011 2012 2013 2014

CAPITAL EXPENDITURES (In Millions PhP)

Capital Expenditure availments amounted to P837 million as of June 30, 2014.

RE

MA

ININ

G

1,065

6M

CONSOLIDATED BALANCE SHEETS (In Millions PhP)

7,186 7,313

0

5,000

10,000

15,000

6M '14 6M '13

Current Assets

13,067 12,883

0

5,000

10,000

15,000

6M '14 6M '13

Total Assets

4,971

8,056

4,804

8,045

0

5,000

10,000

15,000

6M '14 6M '13

Total Liabilities Equity

1.81 1.88

0.00

1.00

2.00

3.00

6M '14 6M '13

Current Ratio

3,970 3,8910

5,000

10,000

15,000

6M '14 6M '13

Current Liabilities

Thank you!

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anumang kulay ng buhay.