ARGENT (formerly LCN Argent)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205424097 ARGENT (formerly LCN Argent) Groupe TVA inc. Les Placements Péladeau inc.                                Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,723,834 1,296,591 -24.78 1,293,837 -0.21 1,428,290 10.39 817,324 -42.78 -17.0
DTH subscriber revenue 1,384,270 1,233,858 -10.87 997,059 -19.19 700,524 -29.74 331,089 -52.74 -30.1
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 51,219 76,673 49.70 52,014 -32.16 33,047 -36.47 22,754 -31.15 -18.4
Other revenue 24,813 13,691 -44.82 11,405 -16.70 7,711 -32.39 2,045 -73.48 -46.4
Total Revenue 3,184,136 2,620,813 -17.69 2,354,315 -10.17 2,169,572 -7.85 1,173,212 -45.92 -22.1
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,033,203 2,009,520 -1.16 1,857,775 -7.55 1,841,215 -0.89 1,122,172 -39.05 -13.8
Technical 561,959 344,650 -38.67 184,625 -46.43 89,981 -51.26 4,047 -95.50 -70.9
Sales and Promotion 55,986 31,685 -43.41 38,806 22.47 35,687 -8.04 16,788 -52.96 -26.0
Administration and General 425,795 613,183 44.01 580,738 -5.29 452,166 -22.14 282,930 -37.43 -9.7
Total Expenses 3,076,943 2,999,038 -2.53 2,661,944 -11.24 2,419,049 -9.12 1,425,937 -41.05 -17.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 107,193 -378,225 - -307,629 - -249,477 - -252,725 - -
Depreciation 226,000 226,000 0.00 226,000 0.00 226,000 0.00 226,000 0.00 0.0
P.B.I.T. -118,807 -604,225 - -533,629 - -475,477 - -478,725 - -
Interest Expense 250,990 257,739 2.69 204,677 -20.59 141,026 -31.10 0 -100.00 -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 303,989 n/a -
Pre-tax Profit -369,797 -861,964 - -738,306 - -616,503 - -174,736 - -
Canadian Programming Expenses ($)
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 2,023,394 2,004,566 -0.93 1,857,775 -7.32 1,841,215 -0.89 1,122,172 -39.05 -13.7
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 2,023,394 2,004,566 -0.93 1,857,775 -7.32 1,841,215 -0.89 1,122,172 -39.05 -13.7
Canadian Programming/Revenue (%) 63.55 76.49 - 78.91 - 84.87 - 95.65 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,688,095 1,549,393 -8.22 1,458,823 -5.85 1,461,718 0.20 873,456 -40.24 -15.2
Total Staff Count 16 16 0.00 15 -6.25 14 -6.67 13 -7.14 -
Average Remuneration ($) 105,506 96,837 -8.22 97,255 0.43 104,408 7.36 67,189 -35.65 -10.7
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
655,594 549,887 -16.12 551,942 0.37 501,915 -9.06 0 -100.00 -100.0
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 3.4 -14.4 - -13.1 - -11.5 - -21.5 - -
P.B.I.T. Margin -3.7 -23.1 - -22.7 - -21.9 - -40.8 - -
Pre-tax Margin -11.6 -32.9 - -31.4 - -28.4 - -14.9 - -

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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