Super Channel (formerly Allarco Entertainment)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535422406 Super Channel (formerly Allarco Entertainment) Allarco Entertainment Limited Partnership Allard, Charles R.                                          Pay-TV (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 18,554,086 21,782,675 17.40 23,778,992 9.16 22,075,670 -7.16 18,107,494 -17.98 -0.6
DTH subscriber revenue 16,609,244 14,776,697 -11.03 14,689,075 -0.59 15,536,763 5.77 12,478,146 -19.69 -6.9
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 35,163,330 36,559,372 3.97 38,468,067 5.22 37,612,433 -2.22 30,585,640 -18.68 -3.4
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 30,220,768 28,867,320 -4.48 29,760,949 3.10 34,247,652 15.08 36,115,201 5.45 4.6
Technical 2,073,648 1,849,270 -10.82 1,852,185 0.16 1,894,645 2.29 1,872,012 -1.19 -2.5
Sales and Promotion 1,410,619 1,534,843 8.81 1,427,560 -6.99 1,050,893 -26.39 765,494 -27.16 -14.2
Administration and General 2,209,972 2,151,209 -2.66 2,590,816 20.44 2,687,791 3.74 3,037,598 13.01 8.3
Total Expenses 35,915,007 34,402,642 -4.21 35,631,510 3.57 39,880,981 11.93 41,790,305 4.79 3.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -751,677 2,156,730 - 2,836,557 - -2,268,548 - -11,204,665 - -
Depreciation 199,988 179,909 -10.04 177,469 -1.36 177,153 -0.18 150,029 -15.31 -6.9
P.B.I.T. -951,665 1,976,821 - 2,659,088 - -2,445,701 - -11,354,694 - -
Interest Expense 1,075,438 841,871 -21.72 0 -100.00 70 n/a 77,582 >999± -
Adjustments - Gain (Loss) 11,026 -8,236 -174.70 -42,040 410.44 -32,364 -23.02 -475,050 >999± -
Pre-tax Profit -2,016,077 1,126,714 - 2,617,048 - -2,478,135 - -11,907,326 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 2,976,412 5,071,342 70.38 8,480,734 67.23 9,419,204 11.07 9,721,898 3.21 34.4
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 964,050 853,349 -11.48 959,577 12.45 1,170,884 22.02 1,081,762 -7.61 2.9
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 3,940,462 5,924,691 50.36 9,440,311 59.34 10,590,088 12.18 10,803,660 2.02 28.7
Canadian Programming/Revenue (%) 11.21 16.21 - 24.54 - 28.16 - 35.32 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,881,575 2,922,025 1.40 3,242,460 10.97 3,492,435 7.71 3,543,539 1.46 5.3
Total Staff Count 39 41 5.13 45 9.76 45 0.00 31 -31.11 -
Average Remuneration ($) 73,887 71,269 -3.54 72,055 1.10 77,610 7.71 114,308 47.29 11.5
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
410,074 453,483 10.59 432,411 -4.65 392,329 -9.27 337,871 -13.88 -4.7
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -2.1 5.9 - 7.4 - -6.0 - -36.6 - -
P.B.I.T. Margin -2.7 5.4 - 6.9 - -6.5 - -37.1 - -
Pre-tax Margin -5.7 3.1 - 6.8 - -6.6 - -38.9 - -

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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