ichannel

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424046 ichannel Stornoway Communications Limited Partnership Smith, Vincent & Co. Ltd.                                   Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,232,851 2,124,753 -4.84 1,953,047 -8.08 1,749,117 -10.44 1,351,425 -22.74 -11.8
DTH subscriber revenue 2,080,214 1,915,202 -7.93 1,734,340 -9.44 1,830,319 5.53 1,421,003 -22.36 -9.1
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 405,966 298,940 -26.36 70,158 -76.53 78,798 12.32 56,133 -28.76 -39.0
Other revenue 0 1,553,487 n/a 198,036 -87.25 242,114 22.26 967,567 299.63 n/a
Total Revenue 4,719,031 5,892,382 24.86 3,955,581 -32.87 3,900,348 -1.40 3,796,128 -2.67 -5.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,810,308 2,755,554 52.21 1,376,308 -50.05 1,097,652 -20.25 729,319 -33.56 -20.3
Technical 1,302,760 807,564 -38.01 797,774 -1.21 780,544 -2.16 1,125,718 44.22 -3.6
Sales and Promotion 408,820 540,695 32.26 481,684 -10.91 142,420 -70.43 37,138 -73.92 -45.1
Administration and General 1,168,245 749,986 -35.80 865,308 15.38 1,570,636 81.51 1,053,418 -32.93 -2.6
Total Expenses 4,690,133 4,853,799 3.49 3,521,074 -27.46 3,591,252 1.99 2,945,593 -17.98 -11.0
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 28,898 1,038,583 - 434,507 - 309,096 - 850,535 - -
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 28,898 1,038,583 - 434,507 - 309,096 - 850,535 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 28,898 1,038,583 - 434,507 - 309,096 - 850,535 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 422,983 407,716 -3.61 610,231 49.67 253,748 -58.42 411,233 62.06 -0.7
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 1,114,318 2,136,872 91.77 675,586 -68.38 649,058 -3.93 292,486 -54.94 -28.4
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,537,301 2,544,588 65.52 1,285,817 -49.47 902,806 -29.79 703,719 -22.05 -17.8
Canadian Programming/Revenue (%) 32.58 43.18 - 32.51 - 23.15 - 18.54 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,407,212 1,490,026 -38.10 792,965 -46.78 1,050,480 32.47 793,000 -24.51 -24.2
Total Staff Count 28 21 -25.00 17 -19.05 13 -23.53 11 -15.38 -
Average Remuneration ($) 85,972 70,954 -17.47 46,645 -34.26 80,806 73.24 72,091 -10.79 -4.3
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,184,686 1,106,545 -6.60 1,002,141 -9.44 899,843 -10.21 0 -100.00 -100.0
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 0.6 17.6 - 11.0 - 7.9 - 22.4 - -
P.B.I.T. Margin 0.6 17.6 - 11.0 - 7.9 - 22.4 - -
Pre-tax Margin 0.6 17.6 - 11.0 - 7.9 - 22.4 - -

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

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