Pay and Specialty - Canal Indigo

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205416466 Canal Indigo Vidéotron s.e.n.c. Les Placements Péladeau inc. Pay-per-view programming 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 6,125,195 6,959,904 13.63 8,191,678 17.70 10,170,597 24.16 7,394,597 -27.29 4.8
DTH revenue 0 0 0 0 0
Local advertising revenue 0 0 0 0 0
National advertising revenue 0 0 0 0 0
Other revenue 0 0 0 0 0
Total Revenue 6,125,195 6,959,904 13.63 8,191,678 17.70 10,170,597 24.16 7,394,597 -27.29 4.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,674,078 2,823,669 5.59 3,785,901 34.08 4,890,258 29.17 3,572,913 -26.94 7.5
Technical 328,690 814,747 147.88 725,781 -10.92 623,562 -14.08 312,501 -49.88 -1.3
Sales and Promotion 125,931 307,144 143.90 300,394 -2.20 177,747 -40.83 182,548 2.70 9.7
Administration and General 532,595 656,294 23.23 465,617 -29.05 467,322 0.37 581,514 24.44 2.2
Total Expenses 3,661,294 4,601,854 25.69 5,277,693 14.69 6,158,889 16.70 4,649,476 -24.51 6.2

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 2,463,901 2,358,050 2,913,985 4,011,708 2,745,121
Depreciation 0 0 0 0 0
P.B.I.T. 2,463,901 2,358,050 2,913,985 4,011,708 2,745,121
Interest Expense 0 0 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 2,463,901 2,358,050 2,913,985 4,011,708 2,745,121

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 1,959,093 2,103,443 7.37 2,409,118 14.53 2,887,347 19.85 1,615,995 -44.03 -4.7
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 0 0 0 0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 1,959,093 2,103,443 7.37 2,409,118 14.53 2,887,347 19.85 1,615,995 -44.03 -4.7
Canadian Programming/Revenue (%) 31.98 30.22 29.41 28.39 21.85

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 125,931 307,144 143.90 300,394 -2.20 177,747 -40.83 182,548 2.70 9.7
Average Staff Count 2 3 50.00 2 -33.33 2 0.00 2 0.00
Avg Remuneration ($) 62,966 102,381 62.60 150,197 46.70 88,874 -40.83 91,274 2.70 9.7

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,393,188 1,495,947 7.38 1,561,412 4.38 1,610,373 3.14 1,555,903 -3.38 2.8

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 40.2 33.9 35.6 39.4 37.1
P.B.I.T. Margin 40.2 33.9 35.6 39.4 37.1
Pre-tax Margin 40.2 33.9 35.6 39.4 37.1

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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