A Presentation of the Financials

GMA Network Inc.

By J. Zaid “Zed” Ladja

 GMA Network Inc.

Through almost 60 years of continued progress and expansion, GMA Network

has grown from being just a radio station in the 1950s into a conglomerate of
diverse businesses engaged in broadcasting, film production, recording, post
production services, marketing, set design, and new media.

Then until now, GMA remains the most trusted source of news and information,
and superior quality entertainment. The success of GMA Network is a result of
almost six decades of experience, the dedication and hard work of its
employees, the professionalism and expertise of its management team, and the
unwavering support of its stockholders, advertisers, and viewers.
Financials

Gross Revenue Net Income

3,000 2,818
13,771
12,057 12,407 2,500 2,307 2,369
11,072 2,005 1,962
9,850 2,000
7,997 1,501
6,430 1,500
1,072
4,308 1,000
402
500

0 0
2002 2003 2004 2005 2006 2007 2008 2009 2002 2003 2004 2005 2006 2007 2008 2009

*amounts in millions of pesos

 Financials

Stockolders equity Total Liabilities

12,000 10,880 4,000
9,755 3,379 3,234 3,311 3,146
10,000 8,539 3,053 2,883
2,800 2,711
6,923 3,000
8,000 6,155
6,000 5,139 2,000
4,205
3,315
4,000
1,000
2,000
0 0
2002 2003 2004 2005 2006 2007 2008 2009 2002 2003 2004 2005 2006 2007 2008 2009

Total Assets
15,000 13,763
11,685 12,466
10,234
9,389
10,000 8,518
6,368 7,005

5,000

0
2002 2003 2004 2005 2006 2007 2008 2009

*amounts in millions of pesos

Liquidity and Solvency Measurement Ratios

= 3.52

= 91.4%

= 117.0%

*values are for year 2009

Liquidity and Solvency Measurement Ratios

Cash Ratio Current Ratio

100.0% 91.4% 4.00 3.52
75.0% 3.23
80.0% 3.00 2.52
60.0% 1.76 2.00
37.5% 2.00 1.54
40.0%
15.5% 17.8% 18.9% 1.00
20.0%
0.0% 0.00
2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009

Solvency Ratio
150.0%
117.0%
104.9%
100.0% 86.6%
74.3% 71.6%
56.9%
50.0%

0.0%
2004 2005 2006 2007 2008 2009
Profitability Indicator Ratios

= 20.5%

= 20.5%

= 25.9%

*values are for year 2009

Profitability Indicator Ratios

ROE ROA
25.0% 21.4%
40.0% 32.6% 17.6% 19.2%19.7%19.0%20.5%
29.2% 28.3%27.0% 20.0% 15.3%
30.0% 25.5% 24.3%25.9% 15.0%
20.0% 10.0% 6.3%
12.1%
10.0% 5.0%
0.0%
0.0%
2002 2003 2004 2005 2006 2007 2008 2009
2002 2003 2004 2005 2006 2007 2008 2009

Net Profit Margin

20.5%
18.8%20.4%17.7%19.1%19.1%
16.7%

9.3%

5.0%
0.0%
2002 2003 2004 2005 2006 2007 2008 2009
Debt Ratios

= 20.9%

= 26.5%

*values are for year 2009

Debt Ratios

Debt-Equity Ratio
Debt Ratio 100.00% 92.10%
60.0%
47.9% 80.00%
50.0% 66.59%65.75%
40.0% 39.7%
40.0% 34.4% 32.4% 60.00% 52.54%
47.83%
30.0% 26.9% 36.84%
21.7% 20.9% 40.00%
27.79%26.50%
20.0%
20.00%
10.0%
0.0% 0.00%
2002 2003 2004 2005 2006 2007 2008 2009 2002 2003 2004 2005 2006 2007 2008 2009
Cash Flow Indicator Ratios

= 20.2%

= 60.3%

*values are for year 2009

Cash Flow Indicator Ratios

OFC/Sales Ratio
30.0% 27.6%

25.0% 23.6%
20.2%
20.0% 18.6%
17.2%

15.0% 12.9%

10.0%

5.0%

0.0%
2004 2005 2006 2007 2008 2009
Investment Valuation Ratios

= 11.72

= 5.15%

= 2.10

*values are for year 2009

Investment Valuation Ratios

Earnings Per Share

0.800
0.700 0.668
0.580
0.600 0.546
0.502 0.487
0.500 0.462

0.400
0.300
0.200
0.100
0.000
2004 2005 2006 2007 2008 2009