W Network

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
415413806 W Network W Network Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 22,521,445 22,325,812 -0.87 20,739,105 -7.11 20,110,221 -3.03 19,720,556 -1.94 -3.3
DTH subscriber revenue 8,048,896 6,930,451 -13.90 7,038,076 1.55 7,126,427 1.26 6,987,676 -1.95 -3.5
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 56,825,514 61,223,657 7.74 52,869,152 -13.65 51,937,166 -1.76 51,161,448 -1.49 -2.6
Other revenue 697,028 702,719 0.82 760,975 8.29 688,354 -9.54 0 -100.00 -100.0
Total Revenue 88,092,883 91,182,639 3.51 81,407,308 -10.72 79,862,168 -1.90 77,869,680 -2.49 -3.0
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 33,930,226 35,268,781 3.95 34,194,697 -3.05 36,551,418 6.89 25,503,300 -30.23 -6.9
Technical 870,133 793,286 -8.83 740,544 -6.65 665,035 -10.20 577,012 -13.24 -9.8
Sales and Promotion 6,659,736 6,350,570 -4.64 3,076,724 -51.55 2,874,534 -6.57 2,676,050 -6.90 -20.4
Administration and General 9,055,706 7,231,723 -20.14 4,925,170 -31.89 2,303,951 -53.22 4,153,374 80.27 -17.7
Total Expenses 50,515,801 49,644,360 -1.73 42,937,135 -13.51 42,394,938 -1.26 32,909,736 -22.37 -10.2
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 37,577,082 41,538,279 - 38,470,173 - 37,467,230 - 44,959,944 - -
Depreciation 1,844,514 2,030,597 10.09 1,376,073 -32.23 1,256,629 -8.68 1,554,952 23.74 -4.2
P.B.I.T. 35,732,568 39,507,682 - 37,094,100 - 36,210,601 - 43,404,992 - -
Interest Expense 445,801 460,258 3.24 420,307 -8.68 296,689 -29.41 -299,479 -200.94 -
Adjustments - Gain (Loss) 1,108,884 781,774 -29.50 1,827,800 133.80 2,759,577 50.98 5,358,922 94.19 -
Pre-tax Profit 36,395,651 39,829,198 - 38,501,593 - 38,673,489 - 49,063,393 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 22,574,939 25,235,727 11.79 24,901,786 -1.32 23,621,192 -5.14 18,848,384 -20.21 -4.4
Script & concept 529,707 561,818 6.06 786,740 40.03 1,097,824 39.54 828,494 -24.53 11.8
Filler Programming + Program Production 2,135,715 2,262,570 5.94 1,936,555 -14.41 1,958,050 1.11 2,068,894 5.66 -0.8
Investment in Programming 1,420,861 398,250 -71.97 439,985 10.48 2,739,602 522.66 0 -100.00 -100.0
Total Canadian Programming 26,661,222 28,458,365 6.74 28,065,066 -1.38 29,416,668 4.82 21,745,772 -26.08 -5.0
Canadian Programming/Revenue (%) 30.26 31.21 - 34.47 - 36.83 - 27.93 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,693,609 2,032,621 -44.97 1,602,619 -21.16 864,914 -46.03 898,242 3.85 -29.8
Total Staff Count 71 58 -18.31 46 -20.69 58 26.09 51 -12.07 -
Average Remuneration ($) 52,023 35,045 -32.63 34,840 -0.59 14,912 -57.20 17,613 18.11 -23.7
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
8,403,260 8,278,673 -1.48 7,928,149 -4.23 7,692,408 -2.97 5,680,981 -26.15 -9.3
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 42.7 45.6 - 47.3 - 46.9 - 57.7 - -
P.B.I.T. Margin 40.6 43.3 - 45.6 - 45.3 - 55.7 - -
Pre-tax Margin 41.3 43.7 - 47.3 - 48.4 - 63.0 - -

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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