Statistical and Financial Summaries - Pay Services - 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 17 16 10 10 9

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 280,762,275 278,112,391 -0.94 279,476,521 0.49 265,301,076 -5.07 250,978,963 -5.40 -2.8
DTH revenue 178,483,570 166,874,137 -6.50 160,169,029 -4.02 160,286,655 0.07 160,794,563 0.32 -2.6
Local advertising revenue 883,670 638,596 -27.73 16,008 -97.49 13,433 -16.09 0 -100.0
National advertising revenue 475,823 343,861 -27.73 0 0 0
Other revenue 8,341,133 11,828,687 41.81 5,123,651 -56.68 9,749,297 90.28 12,176,915 24.90 9.9
Total Revenue 468,946,471 457,797,672 -2.38 444,785,209 -2.84 435,350,461 -2.12 423,950,441 -2.62 -2.5

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 266,693,001 278,162,130 4.30 264,834,206 -4.79 261,035,120 -1.43 291,753,234 11.77 2.3
Technical 12,549,593 11,474,622 -8.57 10,550,799 -8.05 10,094,620 -4.32 11,794,030 16.83 -1.5
Sales and Promotion 29,632,513 28,412,850 -4.12 27,013,574 -4.92 23,837,652 -11.76 27,301,677 14.53 -2.0
Administration and General 34,313,513 33,944,123 -1.08 38,436,015 13.23 22,395,627 -41.73 19,084,226 -14.79 -13.6
Total Expenses 343,188,620 351,993,725 2.57 340,834,594 -3.17 317,363,019 -6.89 349,933,167 10.26 0.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 125,757,851 105,803,947 103,950,615 117,987,442 74,017,274
Depreciation 2,312,957 4,085,209 76.62 4,653,123 13.90 7,320,942 57.33 10,374,205 41.71 45.5
P.B.I.T. 123,444,894 101,718,738 99,297,492 110,666,500 63,643,069
Interest Expense 10,962,805 10,531,198 9,614,997 3,308,795 5,304,399
Adjustments - Gain (Loss) 25,165,439 36,931,297 31,173,053 28,428,509 11,275,838
Pre-tax Profit 137,647,528 128,118,837 120,855,548 135,786,214 69,614,508

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 54,668,552 53,270,831 -2.56 54,575,228 2.45 58,658,707 7.48 67,915,418 15.78 5.6
Script & concept 4,960,753 3,664,378 -26.13 3,915,383 6.85 3,475,574 -11.23 3,347,129 -3.70 -9.4
Filler Programming + Program Production 13,816,747 14,635,132 5.92 10,516,302 -28.14 7,466,932 -29.00 8,392,786 12.40 -11.7
Investment in Programming 9,956,308 9,665,098 -2.92 5,201,858 -46.18 1,582,990 -69.57 12,432,514 685.38 5.7
Total Canadian Programming 83,402,360 81,235,439 -2.60 74,208,771 -8.65 71,184,203 -4.08 92,087,847 29.37 2.5
Canadian Programming/Revenue (%) 17.79 17.74 16.68 16.35 21.72

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 31,807,957 31,756,217 -0.16 28,348,060 -10.73 16,332,933 -42.38 13,578,806 -16.86 -19.2
Average Staff Count 381.00 368.92 -3.17 354.43 -3.93 237.81 -32.90 212.50 -10.64
Avg Remuneration ($) 83,485 86,079 3.11 79,982 -7.08 68,681 -14.13 63,900 -6.96 -6.5
Avg Remuneration excl. Benefits ($)* 61,674 57,381 -6.96

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 26.8 23.1 23.4 27.1 17.5
P.B.I.T. Margin 26.3 22.2 22.3 25.4 15.0
Pre-tax Margin 29.4 28.0 27.2 31.2 16.4

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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