VRAK.TV

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
214301111 VRAK.TV Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 15,406,926 15,941,743 3.47 15,072,296 -5.45 16,207,297 7.53 19,371,844 19.53 5.9
DTH subscriber revenue 6,536,241 6,169,147 -5.62 6,152,281 -0.27 5,124,421 -16.71 3,132,720 -38.87 -16.8
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 5,841,903 6,485,335 11.01 5,411,604 -16.56 4,772,048 -11.82 4,013,634 -15.89 -9.0
Other revenue 0 0 n/a 0 n/a 23,707 n/a 0 -100.00 n/a
Total Revenue 27,785,070 28,596,225 2.92 26,636,181 -6.85 26,127,473 -1.91 26,518,198 1.50 -1.2
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 12,444,596 12,665,426 1.77 14,438,467 14.00 15,091,964 4.53 14,112,326 -6.49 3.2
Technical 853,156 959,665 12.48 385,104 -59.87 484,299 25.76 515,207 6.38 -11.9
Sales and Promotion 1,856,483 2,590,980 39.56 2,579,854 -0.43 2,403,299 -6.84 1,813,945 -24.52 -0.6
Administration and General 1,757,566 1,986,125 13.00 2,191,621 10.35 1,200,833 -45.21 597,457 -50.25 -23.6
Total Expenses 16,911,801 18,202,196 7.63 19,595,046 7.65 19,180,395 -2.12 17,038,935 -11.16 0.2
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 10,873,269 10,394,029 - 7,041,135 - 6,947,078 - 9,479,263 - -
Depreciation 93,869 221,238 135.69 448,083 102.53 741,043 65.38 569,384 -23.16 56.9
P.B.I.T. 10,779,400 10,172,791 - 6,593,052 - 6,206,035 - 8,909,879 - -
Interest Expense 0 0 n/a 61,672 n/a 104,160 68.89 32,677 -68.63 -
Adjustments - Gain (Loss) 234,797 166,583 -29.05 5,878 -96.47 -176,278 >999± -3,508,624 >999± -
Pre-tax Profit 11,014,197 10,339,374 - 6,537,258 - 5,925,597 - 5,368,578 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 8,169,890 7,946,878 -2.73 8,662,211 9.00 9,624,267 11.11 8,619,734 -10.44 1.4
Script & concept 81,750 151,408 85.21 238,061 57.23 167,148 -29.79 300,400 79.72 38.5
Filler Programming + Program Production 1,637,048 1,901,632 16.16 3,015,602 58.58 2,591,288 -14.07 2,147,490 -17.13 7.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 9,888,688 9,999,918 1.12 11,915,874 19.16 12,382,703 3.92 11,067,624 -10.62 2.9
Canadian Programming/Revenue (%) 35.59 34.97 - 44.74 - 47.39 - 41.74 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,043,413 3,166,811 4.05 2,357,267 -25.56 2,897,658 22.92 1,567,407 -45.91 -15.3
Total Staff Count 29 29 0.00 23 -20.69 28 21.74 14 -50.00 -
Average Remuneration ($) 104,945 109,200 4.05 102,490 -6.15 103,488 0.97 111,958 8.18 1.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,381,782 2,200,643 -7.61 2,051,898 -6.76 2,107,727 2.72 1,922,544 -8.79 -5.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 39.1 36.3 - 26.4 - 26.6 - 35.7 - -
P.B.I.T. Margin 38.8 35.6 - 24.8 - 23.8 - 33.6 - -
Pre-tax Margin 39.6 36.2 - 24.5 - 22.7 - 20.2 - -

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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