Statistical and Financial Summaries - Specialty Services - Category C

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 9 10 10 10 10

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 394,578,836 531,606,772 34.73 604,464,518 13.71 673,983,966 11.50 730,525,191 8.39 16.7
DTH revenue 131,352,212 180,951,313 37.76 196,344,131 8.51 233,589,616 18.97 228,383,570 -2.23 14.8
Local advertising revenue 0 0 41,044 0 0
National advertising revenue 312,310,617 326,264,955 4.47 304,316,702 -6.73 316,280,787 3.93 348,746,153 10.26 2.8
Other revenue 40,781,417 21,768,926 -46.62 15,403,342 -29.24 26,684,891 73.24 30,765,562 15.29 -6.8
Total Revenue 879,023,082 1,060,591,966 20.66 1,120,569,737 5.66 1,250,539,260 11.60 1,338,420,476 7.03 11.1

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 579,353,996 772,510,836 33.34 698,262,796 -9.61 836,587,148 19.81 945,675,660 13.04 13.0
Technical 21,374,092 18,590,281 -13.02 20,040,781 7.80 21,004,762 4.81 26,423,946 25.80 5.5
Sales and Promotion 50,116,981 50,129,023 0.02 48,811,976 -2.63 50,165,910 2.77 61,367,251 22.33 5.2
Administration and General 49,037,279 50,671,127 3.33 61,404,286 21.18 73,001,988 18.89 72,175,248 -1.13 10.2
Total Expenses 699,882,348 891,901,267 27.44 828,519,839 -7.11 980,759,808 18.37 1,105,642,105 12.73 12.1

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 179,140,734 168,690,699 292,049,898 269,779,452 232,778,371
Depreciation 20,352,994 27,016,980 32.74 23,791,064 -11.94 23,185,053 -2.55 26,039,514 12.31 6.4
P.B.I.T. 158,787,740 141,673,719 268,258,834 246,594,399 206,738,857
Interest Expense 26,709,518 27,327,595 26,067,664 27,069,505 26,583,053
Adjustments - Gain (Loss) 3,621,084 611,108 12,167,348 -2,735,120 -8,226,158
Pre-tax Profit 135,699,306 114,957,232 254,358,518 216,789,774 171,929,646

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 238,601,455 280,552,210 17.58 212,013,290 -24.43 314,580,331 48.38 443,856,665 41.09 16.8
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a #DIV/0
Filler Programming + Program Production 290,315,358 354,073,170 21.96 350,351,763 -1.05 376,161,992 7.37 393,746,411 4.67 7.9
Investment in Programming 15,350 4,601 -70.03 0 0 n/a 41,316 n/a 28.1
Total Canadian Programming 528,932,163 634,629,981 19.98 562,365,053 -11.39 690,742,323 22.83 837,644,392 21.27 12.2
Canadian Programming/Revenue (%) 60.17 59.84 50.19 55.24 62.58

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 165,916,189 191,169,206 15.22 183,383,653 -4.07 199,164,059 8.61 199,415,420 0.13 4.7
Average Staff Count 1,855.00 2,055.80 10.82 2,061.86 0.29 2,190.35 6.23 2,112.27 -3.56
Avg Remuneration ($) 89,443 92,990 3.97 88,941 -4.35 90,928 2.23 94,408 3.83 1.4
Avg Remuneration excl. Benefits ($)* 76,212 78,868 3.49

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 20.4 15.9 26.1 21.6 17.4
P.B.I.T. Margin 18.1 13.4 23.9 19.7 15.4
Pre-tax Margin 15.4 10.8 22.7 17.3 12.8

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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