MusiquePlus

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
214301129 MusiquePlus MusiquePlus inc. Remstar Diffusion inc.                                      Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 6,460,865 6,745,895 4.41 6,604,615 -2.09 7,428,412 12.47 7,207,073 -2.98 2.8
DTH subscriber revenue 2,178,531 2,425,676 11.34 1,807,920 -25.47 1,718,168 -4.96 1,906,504 10.96 -3.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 4,418,041 4,364,218 -1.22 3,627,991 -16.87 3,730,107 2.81 3,584,518 -3.90 -5.1
Other revenue 0 0 n/a 0 n/a 1,352,857 n/a 2,977,659 120.10 n/a
Total Revenue 13,057,437 13,535,789 3.66 12,040,526 -11.05 14,229,544 18.18 15,675,754 10.16 4.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 9,832,975 9,289,018 -5.53 9,623,162 3.60 6,303,352 -34.50 6,764,506 7.32 -8.9
Technical 520,513 545,518 4.80 532,995 -2.30 2,587,358 385.44 2,736,756 5.77 51.4
Sales and Promotion 1,397,835 337,638 -75.85 370,656 9.78 2,300,022 520.53 2,521,097 9.61 15.9
Administration and General 1,435,289 2,054,523 43.14 1,239,837 -39.65 1,951,482 57.40 1,834,447 -6.00 6.3
Total Expenses 13,186,612 12,226,697 -7.28 11,766,650 -3.76 13,142,214 11.69 13,856,806 5.44 1.3
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -129,175 1,309,092 - 273,876 - 1,087,330 - 1,818,948 - -
Depreciation 447,867 442,566 -1.18 453,956 2.57 268,162 -40.93 766,261 185.75 14.4
P.B.I.T. -577,042 866,526 - -180,080 - 819,168 - 1,052,687 - -
Interest Expense 14,462 -1,325 -109.16 -14 -98.94 -62,072 >999± 4,881 -107.86 -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 750,000 n/a 329,307 -56.09 -
Pre-tax Profit -591,504 867,851 - -180,066 - 1,631,240 - 1,377,113 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 3,573,888 2,442,841 -31.65 2,132,754 -12.69 4,030,011 88.96 4,304,104 6.80 4.8
Script & concept 447,276 443,952 -0.74 460,212 3.66 0 -100.00 0 n/a -100.0
Filler Programming + Program Production 4,360,901 4,892,146 12.18 5,707,281 16.66 0 -100.00 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 8,382,065 7,778,939 -7.20 8,300,247 6.70 4,030,011 -51.45 4,304,104 6.80 -15.4
Canadian Programming/Revenue (%) 64.19 57.47 - 68.94 - 28.32 - 27.46 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,684,502 7,428,533 -3.33 6,631,241 -10.73 4,596,595 -30.68 3,280,082 -28.64 -19.2
Total Staff Count 89 89 0.00 88 -1.12 60.5 -31.25 41.77 -30.96 -
Average Remuneration ($) 86,343 83,467 -3.33 75,355 -9.72 75,977 0.83 78,527 3.36 -2.3
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,362,688 2,264,746 -4.15 2,515,132 11.06 2,370,877 -5.74 2,280,305 -3.82 -0.9
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -1.0 9.7 - 2.3 - 7.6 - 11.6 - -
P.B.I.T. Margin -4.4 6.4 - -1.5 - 5.8 - 6.7 - -
Pre-tax Margin -4.5 6.4 - -1.5 - 11.5 - 8.8 - -

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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