Statistical and Financial Summaries - Specialty Services - Category B

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 98 118 126 123 121

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 143,633,152 173,083,817 20.50 212,452,286 22.75 212,947,556 0.23 230,881,633 8.42 12.6
DTH revenue 92,704,630 95,231,246 2.73 94,202,553 -1.08 91,410,478 -2.96 87,680,051 -4.08 -1.4
Local advertising revenue 3,876,448 4,413,514 13.85 6,190,443 40.26 7,001,895 13.11 7,709,671 10.11 18.8
National advertising revenue 72,012,942 88,938,007 23.50 105,271,468 18.36 112,387,544 6.76 104,675,600 -6.86 9.8
Other revenue 16,648,079 15,766,282 -5.30 19,174,256 21.62 18,234,905 -4.90 20,870,908 14.46 5.8
Total Revenue 328,875,251 377,432,866 14.76 437,291,006 15.86 441,982,378 1.07 451,817,863 2.23 8.3

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 127,214,569 153,781,961 20.88 187,069,460 21.65 196,390,257 4.98 203,470,987 3.61 12.5
Technical 35,340,417 39,101,985 10.64 38,700,395 -1.03 35,886,238 -7.27 38,299,621 6.73 2.0
Sales and Promotion 27,676,629 29,414,721 6.28 31,288,874 6.37 22,186,965 -29.09 22,367,480 0.81 -5.2
Administration and General 55,841,152 56,753,024 1.63 61,269,110 7.96 68,741,468 12.20 59,070,591 -14.07 1.4
Total Expenses 246,072,767 279,051,691 13.40 318,327,839 14.07 323,204,928 1.53 323,208,679 0.00 7.1

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 82,802,484 98,381,175 118,963,167 118,777,450 128,609,184
Depreciation 5,380,726 7,122,942 32.38 7,612,888 6.88 6,802,795 -10.64 6,608,449 -2.86 5.3
P.B.I.T. 77,421,758 91,258,233 111,350,279 111,974,655 122,000,735
Interest Expense 13,378,547 3,611,832 4,760,218 4,290,469 3,364,066
Adjustments - Gain (Loss) -457,282 -4,513,264 -4,936,323 -1,733,455 -8,656,525
Pre-tax Profit 63,585,929 83,133,137 101,653,738 105,950,731 109,980,144

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 24,545,228 32,273,426 31.49 38,986,474 20.80 35,453,097 -9.06 41,166,333 16.11 13.8
Script & concept 758,358 1,065,782 40.54 1,012,355 -5.01 1,190,004 17.55 1,040,725 -12.54 8.2
Filler Programming + Program Production 28,708,252 37,831,217 31.78 40,435,859 6.88 39,331,123 -2.73 34,116,063 -13.26 4.4
Investment in Programming 1,078,554 1,540,489 42.83 1,367,410 -11.24 1,512,095 10.58 2,783,211 84.06 26.7
Total Canadian Programming 55,090,392 72,710,914 31.98 81,802,098 12.50 77,486,319 -5.28 79,106,332 2.09 9.5
Canadian Programming/Revenue (%) 16.75 19.26 18.71 17.53 17.51

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 43,485,970 57,936,148 33.23 58,957,348 1.76 50,697,159 -14.01 48,586,177 -4.16 2.8
Average Staff Count 844.35 963.20 14.08 970.7 0.78 1047.3 7.89 774.5 -26.04
Avg Remuneration ($) 51,502 60,150 16.79 60,734 0.97 48,407 -20.30 62,729 29.59 5.1
Avg Remuneration excl. Benefits ($)* 41,885 56,053 33.82

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 25.2 26.1 27.2 26.9 28.5
P.B.I.T. Margin 23.5 24.2 25.5 25.3 27.0
Pre-tax Margin 19.3 22.0 23.2 24.0 24.3

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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