Canal Vie

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205417381 Canal Vie Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 18,130,730 18,704,342 3.16 17,634,326 -5.72 17,227,323 -2.31 19,613,249 13.85 2.0
DTH subscriber revenue 6,138,237 6,672,820 8.71 6,569,240 -1.55 6,139,827 -6.54 3,642,941 -40.67 -12.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 18,501,568 23,609,218 27.61 23,337,289 -1.15 22,297,016 -4.46 20,707,515 -7.13 2.9
Other revenue 0 0 n/a 0 n/a 0 n/a 390,039 n/a n/a
Total Revenue 42,770,535 48,986,380 14.53 47,540,855 -2.95 45,664,166 -3.95 44,353,744 -2.87 0.9
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 21,019,613 21,134,486 0.55 20,582,449 -2.61 21,703,618 5.45 23,531,401 8.42 2.9
Technical 1,125,530 964,346 -14.32 281,446 -70.81 380,879 35.33 446,190 17.15 -20.7
Sales and Promotion 2,785,146 6,619,703 137.68 4,907,996 -25.86 4,112,802 -16.20 3,948,176 -4.00 9.1
Administration and General 2,065,564 2,255,393 9.19 1,895,502 -15.96 1,657,785 -12.54 1,160,686 -29.99 -13.4
Total Expenses 26,995,853 30,973,928 14.74 27,667,393 -10.68 27,855,084 0.68 29,086,453 4.42 1.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 15,774,682 18,012,452 - 19,873,462 - 17,809,082 - 15,267,291 - -
Depreciation 93,909 221,306 135.66 648,701 193.12 1,299,176 100.27 943,964 -27.34 78.1
P.B.I.T. 15,680,773 17,791,146 - 19,224,761 - 16,509,906 - 14,323,327 - -
Interest Expense 0 0 n/a 61,668 n/a 104,134 68.86 32,666 -68.63 -
Adjustments - Gain (Loss) 234,868 166,633 -29.05 5,881 -96.47 -94,023 >999± -1,688,857 >999± -
Pre-tax Profit 15,915,641 17,957,779 - 19,168,974 - 16,311,749 - 12,601,804 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 16,826,163 17,265,449 2.61 16,283,999 -5.68 18,078,101 11.02 19,654,406 8.72 4.0
Script & concept 152,075 174,446 14.71 93,593 -46.35 176,394 88.47 174,927 -0.83 3.6
Filler Programming + Program Production 2,531,212 2,125,014 -16.05 2,486,284 17.00 2,085,163 -16.13 1,970,314 -5.51 -6.1
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 19,509,450 19,564,909 0.28 18,863,876 -3.58 20,339,658 7.82 21,799,647 7.18 2.8
Canadian Programming/Revenue (%) 45.61 39.94 - 39.68 - 44.54 - 49.15 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,631,504 3,893,012 7.20 2,504,806 -35.66 2,831,736 13.05 1,681,084 -40.63 -17.5
Total Staff Count 34 35 2.94 25 -28.57 28 12.00 15 -46.43 -
Average Remuneration ($) 106,809 111,229 4.14 100,192 -9.92 101,133 0.94 112,072 10.82 1.2
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,353,879 2,347,188 -0.28 2,331,986 -0.65 2,231,617 -4.30 2,164,277 -3.02 -2.1
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 36.9 36.8 - 41.8 - 39.0 - 34.4 - -
P.B.I.T. Margin 36.7 36.3 - 40.4 - 36.2 - 32.3 - -
Pre-tax Margin 37.2 36.7 - 40.3 - 35.7 - 28.4 - -

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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