Le Canal Nouvelles (LCN)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205417406 Le Canal Nouvelles (LCN) Groupe TVA inc. Les Placements Péladeau inc.                                Specialty (category C service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 9,693,224 11,463,561 18.26 11,887,034 3.69 13,289,794 11.80 15,217,258 14.50 11.9
DTH subscriber revenue 3,594,519 4,883,304 35.85 5,558,279 13.82 3,556,901 -36.01 3,160,714 -11.14 -3.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 16,005,919 15,407,225 -3.74 13,771,750 -10.61 12,106,712 -12.09 12,759,019 5.39 -5.5
Other revenue 1,089,839 493,542 -54.71 411,318 -16.66 450,720 9.58 713,045 58.20 -10.1
Total Revenue 30,383,501 32,247,632 6.14 31,628,381 -1.92 29,404,127 -7.03 31,850,036 8.32 1.2
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 16,537,480 18,327,281 10.82 19,181,270 4.66 18,002,467 -6.15 18,233,908 1.29 2.5
Technical 931,619 1,029,330 10.49 707,002 -31.31 888,657 25.69 710,167 -20.09 -6.6
Sales and Promotion 2,103,148 1,917,086 -8.85 1,566,491 -18.29 1,574,995 0.54 1,838,338 16.72 -3.3
Administration and General 1,698,336 2,093,167 23.25 2,139,774 2.23 2,182,335 1.99 1,917,459 -12.14 3.1
Total Expenses 21,270,583 23,366,864 9.86 23,594,537 0.97 22,648,454 -4.01 22,699,872 0.23 1.6
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 9,112,918 8,880,768 - 8,033,844 - 6,755,673 - 9,150,164 - -
Depreciation 300,000 300,000 0.00 300,000 0.00 300,000 0.00 300,000 0.00 0.0
P.B.I.T. 8,812,918 8,580,768 - 7,733,844 - 6,455,673 - 8,850,164 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 8,812,918 8,580,768 - 7,733,844 - 6,455,673 - 8,850,164 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 16,532,067 18,323,221 10.83 19,181,270 4.68 18,002,467 -6.15 18,233,908 1.29 2.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 16,532,067 18,323,221 10.83 19,181,270 4.68 18,002,467 -6.15 18,233,908 1.29 2.5
Canadian Programming/Revenue (%) 54.41 56.82 - 60.65 - 61.22 - 57.25 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,923,696 8,011,467 1.11 7,865,609 -1.82 6,997,435 -11.04 7,048,850 0.73 -2.9
Total Staff Count 74 83 12.16 82 -1.20 72 -12.20 73 1.39 -
Average Remuneration ($) 107,077 96,524 -9.86 95,922 -0.62 97,187 1.32 96,560 -0.65 -2.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,432,684 2,482,223 2.04 2,661,790 7.23 2,561,661 -3.76 2,463,896 -3.82 0.3
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 30.0 27.5 - 25.4 - 23.0 - 28.7 - -
P.B.I.T. Margin 29.0 26.6 - 24.5 - 22.0 - 27.8 - -
Pre-tax Margin 29.0 26.6 - 24.5 - 22.0 - 27.8 - -

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

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