Statistical and Financial Summaries - On-Demand Services (Pay-per-view and Video-on-Demand) - Total

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

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 30 26 23 24 24

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 316,307,076 317,082,139 0.25 306,600,383 -3.31 302,687,730 -1.28 267,829,225 -11.52 -4.1
DTH revenue 66,305,521 55,307,250 -16.59 43,783,177 -20.84 43,267,052 -1.18 40,363,540 -6.71 -11.7
Local advertising revenue 246,974 252,579 2.27 115,250 -54.37 74,714 -35.17 67,262 -9.97 -27.8
National advertising revenue 0 0 0 0 0
Other revenue 3,867,123 7,017,493 81.47 3,685,442 -47.48 6,632,661 79.97 6,114,710 -7.81 12.1
Total Revenue 386,726,694 379,659,461 -1.83 354,184,252 -6.71 352,662,157 -0.43 314,374,737 -10.86 -5.1

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 254,562,889 264,699,694 3.98 259,291,431 -2.04 274,356,543 5.81 284,831,799 3.82 2.9
Technical 27,484,605 24,662,738 -10.27 21,567,695 -12.55 24,228,377 12.34 21,806,070 -10.00 -5.6
Sales and Promotion 8,680,318 8,646,257 -0.39 7,895,996 -8.68 8,328,508 5.48 6,544,742 -21.42 -6.8
Administration and General 38,277,071 39,662,767 3.62 40,254,563 1.49 40,822,860 1.41 40,014,621 -1.98 1.1
Total Expenses 329,004,883 337,671,456 2.63 329,009,685 -2.57 347,736,288 5.69 353,197,232 1.57 1.8

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 57,721,811 41,988,005 25,174,567 4,925,869 -38,822,495
Depreciation 40,709,534 50,227,112 23.38 23,493,747 -53.22 28,185,508 19.97 28,595,627 1.46 -8.5
P.B.I.T. 17,012,277 -8,239,107 1,680,820 -23,259,639 -67,418,122
Interest Expense 620,179 707,338 0 12,899 13,428
Adjustments - Gain (Loss) 4,857,565 528,836 13,234 20,566 0
Pre-tax Profit 21,249,663 -8,417,609 1,694,054 -23,251,972 -67,431,550

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 13,972,213 14,185,433 1.53 15,062,687 6.18 22,939,000 52.29 36,542,707 59.30 27.2
Script & concept 64,131 54,037 -15.74 0 0 15,543 -29.8
Filler Programming + Program Production 1,944,890 1,355,343 -30.31 1,167,390 -13.87 1,444,842 23.77 1,016,718 -29.63 -15.0
Investment in Programming 856,400 685,538 -19.95 1,087,379 58.62 506,382 -53.43 0 -100.0
Total Canadian Programming 16,837,634 16,280,351 -3.31 17,317,456 6.37 24,890,224 43.73 37,574,968 50.96 22.2
Canadian Programming/Revenue (%) 4.35 4.29 4.89 7.06 11.95

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 22,093,833 19,634,547 -11.13 23,716,805 20.79 23,414,171 -1.28 24,264,812 3.63 2.4
Average Staff Count 176.98 185.10 4.59 219.71 18.70 213.25 -2.94 227.80 6.82
Avg Remuneration ($) 124,838 106,075 -15.03 107,946 1.76 109,797 1.71 106,518 -2.99 -3.9
Avg Remuneration excl. Benefits ($)* 96,295 93,283 -3.13

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 14.9 11.1 7.1 1.4 -12.3
P.B.I.T. Margin 4.4 -2.2 0.5 -6.6 -21.4
Pre-tax Margin 5.5 -2.2 0.5 -6.6 -21.4

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

*Fringe benefits data was not collected prior to the 2014 Broadcast Year.

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