Bell TV On Demand and Vu! (formerly Bell)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205421499 Bell TV On Demand and Vu! (formerly Bell) Bell ExpressVu Limited Partnership BCE Inc.                                                    Pay-per-view Direct-to-Home 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
DTH subscriber revenue 48,440,828 36,801,401 -24.03 36,555,302 -0.67 34,069,391 -6.80 33,843,546 -0.66 -8.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 48,440,828 36,801,401 -24.03 36,555,302 -0.67 34,069,391 -6.80 33,843,546 -0.66 -8.6
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 32,527,661 25,219,000 -22.47 25,602,813 1.52 21,498,159 -16.03 18,248,927 -15.11 -13.5
Technical 5,465,755 3,301,382 -39.60 3,263,177 -1.16 2,690,534 -17.55 354,458 -86.83 -49.5
Sales and Promotion 1,076,421 462,565 -57.03 473,217 2.30 309,623 -34.57 204,467 -33.96 -34.0
Administration and General 7,511,810 5,487,839 -26.94 5,034,775 -8.26 4,633,187 -7.98 4,952,123 6.88 -9.9
Total Expenses 46,581,647 34,470,786 -26.00 34,373,982 -0.28 29,131,503 -15.25 23,759,975 -18.44 -15.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 1,859,181 2,330,615 - 2,181,320 - 4,937,888 - 10,083,571 - -
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 1,859,181 2,330,615 - 2,181,320 - 4,937,888 - 10,083,571 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 1,859,181 2,330,615 - 2,181,320 - 4,937,888 - 10,083,571 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 958,686 704,622 -26.50 1,028,964 46.03 226,882 -77.95 447,689 97.32 -17.3
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 524,130 500,942 -4.42 639,545 27.67 125,596 -80.36 140,413 11.80 -28.1
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,482,816 1,205,564 -18.70 1,668,509 38.40 352,478 -78.87 588,102 66.85 -20.6
Canadian Programming/Revenue (%) 3.06 3.28 - 4.56 - 1.03 - 1.74 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,498,477 2,600,483 4.08 2,701,523 3.89 2,954,770 9.37 3,063,965 3.70 5.2
Total Staff Count 23 25 8.70 25.99 3.96 29 11.58 30 3.45 -
Average Remuneration ($) 108,629 104,019 -4.24 103,945 -0.07 101,889 -1.98 102,132 0.24 -1.5
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 3.8 6.3 - 6.0 - 14.5 - 29.8 - -
P.B.I.T. Margin 3.8 6.3 - 6.0 - 14.5 - 29.8 - -
Pre-tax Margin 3.8 6.3 - 6.0 - 14.5 - 29.8 - -

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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