Discovery Velocity (formerly Discovery World HD)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535421250 Discovery Velocity (formerly Discovery World HD) 2953285 Canada Inc. BCE Inc.                                                    Specialty (category B service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 18,110,093 17,609,321 -2.77 17,141,791 -2.66 15,466,654 -9.77 12,069,013 -21.97 -9.7
DTH subscriber revenue 8,752,779 8,258,799 -5.64 7,630,502 -7.61 7,523,820 -1.40 7,645,475 1.62 -3.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 276,884 428,993 54.94 585,057 36.38 1,118,125 91.11 1,716,113 53.48 57.8
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 27,139,756 26,297,113 -3.10 25,357,350 -3.57 24,108,599 -4.92 21,430,601 -11.11 -5.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 8,516,933 8,611,387 1.11 8,234,488 -4.38 8,126,196 -1.32 5,347,155 -34.20 -11.0
Technical 282,453 423,697 50.01 424,473 0.18 449,852 5.98 353,919 -21.33 5.8
Sales and Promotion 853,702 862,491 1.03 827,360 -4.07 829,875 0.30 928,724 11.91 2.1
Administration and General 1,058,764 1,489,026 40.64 1,208,642 -18.83 1,287,236 6.50 884,711 -31.27 -4.4
Total Expenses 10,711,852 11,386,601 6.30 10,694,963 -6.07 10,693,159 -0.02 7,514,509 -29.73 -8.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 16,427,904 14,910,512 - 14,662,387 - 13,415,440 - 13,916,092 - -
Depreciation 395,317 361,515 -8.55 361,531 0.00 383,102 5.97 370,681 -3.24 -1.6
P.B.I.T. 16,032,587 14,548,997 - 14,300,856 - 13,032,338 - 13,545,411 - -
Interest Expense 19 75 294.74 36 -52.00 0 -100.00 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 16,032,568 14,548,922 - 14,300,820 - 13,032,338 - 13,545,411 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 2,782,019 2,935,582 5.52 3,637,590 23.91 3,611,404 -0.72 1,538,019 -57.41 -13.8
Script & concept 10,000 20,500 105.00 9,892 -51.75 19,503 97.16 0 -100.00 -100.0
Filler Programming + Program Production 874,296 462,002 -47.16 342,935 -25.77 676,101 97.15 483,298 -28.52 -13.8
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 3,666,315 3,418,084 -6.77 3,990,417 16.74 4,307,008 7.93 2,021,317 -53.07 -13.8
Canadian Programming/Revenue (%) 13.51 13.00 - 15.74 - 17.87 - 9.43 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 201,402 202,822 0.71 195,391 -3.66 213,796 9.42 80,323 -62.43 -20.5
Total Staff Count 2.5 2.5 0.00 2.5 0.00 2.5 0.00 1.89 -24.40 -
Average Remuneration ($) 80,561 81,129 0.71 78,156 -3.66 85,518 9.42 42,499 -50.30 -14.8
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,493,112 1,320,604 -11.55 1,228,798 -6.95 1,142,436 -7.03 962,463 -15.75 -10.4
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 60.5 56.7 - 57.8 - 55.6 - 64.9 - -
P.B.I.T. Margin 59.1 55.3 - 56.4 - 54.1 - 63.2 - -
Pre-tax Margin 59.1 55.3 - 56.4 - 54.1 - 63.2 - -

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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