Bravo!

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
315413740 Bravo! Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 19,171,914 19,495,674 1.69 20,676,717 6.06 20,037,637 -3.09 19,833,147 -1.02 0.9
DTH subscriber revenue 6,043,809 6,157,681 1.88 6,115,676 -0.68 5,987,718 -2.09 5,867,977 -2.00 -0.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 16,950,060 24,964,152 47.28 26,497,875 6.14 25,305,295 -4.50 23,627,874 -6.63 8.7
Other revenue 40,629 71,415 75.77 12,105 -83.05 32,000 164.35 705 -97.80 -63.7
Total Revenue 42,206,412 50,688,922 20.10 53,302,373 5.16 51,362,650 -3.64 49,329,703 -3.96 4.0
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 17,657,301 19,116,413 8.26 18,394,919 -3.77 16,646,808 -9.50 17,972,815 7.97 0.4
Technical 1,267,840 1,380,523 8.89 1,385,600 0.37 1,133,172 -18.22 956,787 -15.57 -6.8
Sales and Promotion 1,557,447 2,237,992 43.70 2,100,827 -6.13 2,160,102 2.82 2,105,829 -2.51 7.8
Administration and General 3,224,122 3,266,004 1.30 3,917,376 19.94 4,169,602 6.44 2,491,483 -40.25 -6.2
Total Expenses 23,706,710 26,000,932 9.68 25,798,722 -0.78 24,109,684 -6.55 23,526,914 -2.42 -0.2
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 18,499,702 24,687,990 - 27,503,651 - 27,252,966 - 25,802,789 - -
Depreciation 967,835 792,556 -18.11 850,498 7.31 899,275 5.74 910,989 1.30 -1.5
P.B.I.T. 17,531,867 23,895,434 - 26,653,153 - 26,353,691 - 24,891,800 - -
Interest Expense 61 365 498.36 117 -67.95 100 -14.53 -767 -867.00 -
Adjustments - Gain (Loss) -2,868,201 -3,477,650 21.25 -4,053,440 16.56 -3,940,749 -2.78 -2,613,378 -33.68 -
Pre-tax Profit 14,663,605 20,417,419 - 22,599,596 - 22,412,842 - 22,279,189 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 4,126,561 7,496,207 81.66 5,849,501 -21.97 3,519,984 -39.82 3,716,271 5.58 -2.6
Script & concept 50,001 64,000 28.00 23,232 -63.70 141,905 510.82 0 -100.00 -100.0
Filler Programming + Program Production 3,581,658 804,742 -77.53 146,550 -81.79 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 7,758,220 8,364,949 7.82 6,019,283 -28.04 3,661,889 -39.16 3,716,271 1.49 -16.8
Canadian Programming/Revenue (%) 18.38 16.50 - 11.29 - 7.13 - 7.53 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,003,623 576,652 -71.22 293,584 -49.09 276,205 -5.92 255,584 -7.47 -40.2
Total Staff Count 18 5 -72.22 3 -40.00 2 -33.33 2 0.00 -
Average Remuneration ($) 111,312 115,330 3.61 97,861 -15.15 138,103 41.12 127,792 -7.47 3.5
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,811,736 6,755,640 -0.82 6,602,264 -2.27 6,361,414 -3.65 6,084,071 -4.36 -2.8
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 43.8 48.7 - 51.6 - 53.1 - 52.3 - -
P.B.I.T. Margin 41.5 47.1 - 50.0 - 51.3 - 50.5 - -
Pre-tax Margin 34.7 40.3 - 42.4 - 43.6 - 45.2 - -

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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