MTV2 (formerly Razer)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
405424037 MTV2 (formerly Razer) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,961,686 2,006,405 2.28 2,048,564 2.10 2,395,116 16.92 2,059,726 -14.00 1.2
DTH subscriber revenue 2,552,731 2,718,536 6.50 2,906,568 6.92 2,971,283 2.23 2,267,523 -23.69 -2.9
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 169,307 54,938 -67.55 122,920 123.74 165,002 34.24 292,741 77.42 14.7
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 4,683,724 4,779,879 2.05 5,078,052 6.24 5,531,401 8.93 4,619,990 -16.48 -0.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,849,412 2,098,135 13.45 2,400,135 14.39 1,993,787 -16.93 2,117,484 6.20 3.4
Technical 493,407 521,071 5.61 500,865 -3.88 471,618 -5.84 444,898 -5.67 -2.6
Sales and Promotion 71,578 36,520 -48.98 13,424 -63.24 12,231 -8.89 2,029 -83.41 -59.0
Administration and General 241,818 248,194 2.64 245,627 -1.03 347,467 41.46 168,015 -51.65 -8.7
Total Expenses 2,656,215 2,903,920 9.33 3,160,051 8.82 2,825,103 -10.60 2,732,426 -3.28 0.7
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 2,027,509 1,875,959 - 1,918,001 - 2,706,298 - 1,887,564 - -
Depreciation 169,585 73,013 -56.95 79,702 9.16 95,200 19.44 87,213 -8.39 -15.3
P.B.I.T. 1,857,924 1,802,946 - 1,838,299 - 2,611,098 - 1,800,351 - -
Interest Expense 358,547 319,711 -10.83 273,677 -14.40 219,630 -19.75 156,672 -28.67 -
Adjustments - Gain (Loss) -318,596 -328,518 3.11 -331,956 1.05 -135,047 -59.32 -888,813 558.15 -
Pre-tax Profit 1,180,781 1,154,717 - 1,232,666 - 2,256,421 - 754,866 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 0 n/a 530,195 n/a 497,642 -6.14 548,365 10.19 n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 548,666 513,954 -6.33 0 -100.00 0 n/a 0 n/a -100.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 548,666 513,954 -6.33 530,195 3.16 497,642 -6.14 548,365 10.19 0.0
Canadian Programming/Revenue (%) 11.71 10.75 - 10.44 - 9.00 - 11.87 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 60,226 13,546 -77.51 0 -100.00 0 n/a 0 n/a -100.0
Total Staff Count 1 0.25 -75.00 0 -100.00 0 n/a 0 n/a -
Average Remuneration ($) 60,226 54,184 -10.03 n/a n/a n/a n/a n/a n/a n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
869,496 962,471 10.69 1,020,623 6.04 1,029,171 0.84 1,013,161 -1.56 3.9
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 43.3 39.2 - 37.8 - 48.9 - 40.9 - -
P.B.I.T. Margin 39.7 37.7 - 36.2 - 47.2 - 39.0 - -
Pre-tax Margin 25.2 24.2 - 24.3 - 40.8 - 16.3 - -

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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