Statistical and Financial Summaries - Pay and Specialty - Total - Ethnic

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 38 43 46 41 38

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 32,012,436 33,234,383 3.82 39,563,321 19.04 39,366,708 -0.50 38,747,115 -1.57 4.9
DTH revenue 16,563,260 15,891,701 -4.05 9,397,067 -40.87 9,600,238 2.16 9,859,731 2.70 -12.2
Local advertising revenue 20,691,582 20,687,135 -0.02 18,702,536 -9.59 17,741,876 -5.14 16,388,638 -7.63 -5.7
National advertising revenue 15,891,537 15,411,921 -3.02 11,438,766 -25.78 10,775,307 -5.80 9,114,139 -15.42 -13.0
Other revenue 1,979,046 2,343,225 18.40 7,609,882 224.76 3,078,638 -59.54 4,380,818 42.30 22.0
Total Revenue 87,137,861 87,568,365 0.49 86,711,572 -0.98 80,562,767 -7.09 78,490,441 -2.57 -2.6

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 40,720,605 40,221,589 -1.23 45,670,369 13.55 46,642,445 2.13 45,027,536 -3.46 2.6
Technical 6,008,152 5,465,313 -9.04 5,443,571 -0.40 4,319,281 -20.65 3,788,909 -12.28 -10.9
Sales and Promotion 7,745,808 8,213,647 6.04 7,160,809 -12.82 6,004,674 -16.15 6,343,682 5.65 -4.9
Administration and General 10,039,094 10,968,857 9.26 8,913,772 -18.74 8,227,304 -7.70 8,292,460 0.79 -4.7
Total Expenses 64,513,659 64,869,406 0.55 67,188,521 3.58 65,193,704 -2.97 63,452,587 -2.67 -0.4

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 22,624,202 22,698,959 19,523,051 15,369,063 15,037,854
Depreciation 1,416,222 1,261,979 -10.89 1,434,900 13.70 1,522,342 6.09 1,372,757 -9.83 -0.8
P.B.I.T. 21,207,980 21,436,980 18,088,151 13,846,721 13,665,097
Interest Expense 333,981 335,963 333,997 422,426 257,702
Adjustments - Gain (Loss) 3,675,320 4,715,898 3,708,667 4,284,684 1,870,839
Pre-tax Profit 24,549,319 25,816,915 21,462,821 17,708,979 15,278,234

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 737,902 799,921 8.40 5,044,296 530.60 2,876,731 -42.97 2,682,456 -6.75 38.1
Script & concept 628,707 756,385 20.31 657,145 -13.12 780,766 18.81 579,393 -25.79 -2.0
Filler Programming + Program Production 23,041,362 22,263,571 -3.38 20,716,625 -6.95 22,094,459 6.65 21,198,592 -4.05 -2.1
Investment in Programming 0 0 0 718,772 0
Total Canadian Programming 24,407,971 23,819,877 -2.41 26,418,066 10.91 26,470,728 0.20 24,460,441 -7.59 0.1
Canadian Programming/Revenue (%) 28.01 27.20 30.47 32.86 31.16

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 21,565,685 23,288,487 7.99 23,587,525 1.28 19,683,255 -16.55 19,285,697 -2.02 -2.8
Average Staff Count 672.00 690.51 2.75 706.90 2.37 787.38 11.38 525.06 -33.32
Avg Remuneration ($) 32,092 33,727 5.09 33,368 -1.06 24,998 -25.08 36,730 46.93 3.4
Avg Remuneration excl. Benefits ($)* 22,272 34,521 55.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 26.0 25.9 22.5 19.1 19.2
P.B.I.T. Margin 24.3 24.5 20.9 17.2 17.4
Pre-tax Margin 28.2 29.5 24.8 22.0 19.5

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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