Statistical and Financial Summaries - Video-on-Demand Services

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 21 17 15 16 16

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 255,765,801 262,631,280 2.68 254,416,902 -3.13 251,283,287 -1.23 219,164,728 -12.78 -3.8
DTH revenue 0 0 0 0 0
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 1,470,793 1,036,976 -29.50 0 -22,112 -6,327 -71.39
Total Revenue 257,483,568 263,920,835 2.50 254,532,152 -3.56 251,335,889 -1.26 219,225,663 -12.78 -3.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 161,044,381 180,739,750 12.23 188,173,325 4.11 200,514,123 6.56 192,656,931 -3.92 4.6
Technical 20,144,610 17,252,817 -14.36 16,507,216 -4.32 17,728,633 7.40 18,311,786 3.29 -2.4
Sales and Promotion 7,181,377 6,498,235 -9.51 6,712,195 3.29 7,221,086 7.58 6,009,226 -16.78 -4.4
Administration and General 25,573,619 26,859,532 5.03 29,507,593 9.86 30,383,466 2.97 30,170,713 -0.70 4.2
Total Expenses 213,943,987 231,350,334 8.14 240,900,329 4.13 255,847,308 6.20 247,148,656 -3.40 3.7

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 43,539,581 32,570,501 13,631,823 -4,511,419 -27,922,993
Depreciation 39,621,812 49,167,686 24.09 22,493,590 -54.25 27,084,114 20.41 28,586,252 5.55 -7.8
P.B.I.T. 3,917,769 -16,597,185 -8,861,767 -31,595,533 -56,509,245
Interest Expense 620,179 707,338 0 12,899 18,417
Adjustments - Gain (Loss) 4,782,429 512,500 0 0 0
Pre-tax Profit 8,080,019 -16,792,023 -8,861,767 -31,608,432 -56,527,662

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 10,309,473 11,096,367 7.63 11,904,588 7.28 18,568,002 55.97 21,379,685 15.14 20.0
Script & concept 64,131 54,037 -15.74 0 0 0
Filler Programming + Program Production 663,903 424,341 -36.08 259,576 -38.83 342,000 31.75 451,106 31.90 -9.2
Investment in Programming 497 0 465,585 0 0
Total Canadian Programming 11,038,004 11,574,745 4.86 12,629,749 9.11 18,910,002 49.73 21,830,791 15.45 18.6
Canadian Programming/Revenue (%) 4.29 4.39 4.96 7.52 9.96

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 19,534,104 16,468,017 -15.70 20,495,959 24.46 20,242,314 -1.24 20,700,739 2.26 1.5
Average Staff Count 148.73 154.60 3.95 188.71 22.06 182.01 -3.55 192.30 5.65
Avg Remuneration ($) 131,339 106,520 -18.90 108,611 1.96 111,215 2.40 107,648 -3.21 -4.9
Avg Remuneration excl. Benefits ($)* 97,002 93,904 -3.19

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 16.9 12.3 5.4 -1.8 -12.7
P.B.I.T. Margin 1.5 -6.3 -3.5 -12.6 -25.8
Pre-tax Margin 3.1 -6.4 -3.5 -12.6 -25.8

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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