Vertically Integrated Companies - Licensed Category B Specialty Services

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

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
27 27 27 27 14
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 90,323,623 107,672,607 19.21 110,878,532 2.98 121,157,598 9.27 77,247,745 -36.24 -3.8
DTH subscriber revenue 47,077,375 47,292,808 0.46 47,927,601 1.34 45,382,786 -5.31 21,337,069 -52.98 -18.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 57,577,453 67,291,122 16.87 74,719,219 11.04 77,150,731 3.25 29,754,634 -61.43 -15.2
Other revenue 735,960 344,492 -53.19 393,538 14.24 312,817 -20.51 335,728 7.32 -17.8
Total Revenue 195,714,411 222,601,029 13.74 233,918,890 5.08 244,003,932 4.31 128,675,176 -47.27 -10.0
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 71,106,741 82,345,668 15.81 97,042,355 17.85 102,793,405 5.93 62,129,836 -39.56 -3.3
Technical 12,576,209 12,070,284 -4.02 11,600,463 -3.89 11,289,700 -2.68 4,285,378 -62.04 -23.6
Sales and Promotion 10,159,591 11,627,893 14.45 7,613,905 -34.52 7,810,087 2.58 7,345,364 -5.95 -7.8
Administration and General 18,749,382 21,919,107 16.91 26,085,277 19.01 28,414,193 8.93 11,692,371 -58.85 -11.1
Total Expenses 112,591,923 127,962,952 13.65 142,342,000 11.24 150,307,385 5.60 85,452,949 -43.15 -6.7
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 83,122,488 94,638,077 - 91,576,890 - 93,696,547 - 43,222,227 - -
Depreciation 1,515,493 1,257,728 -17.01 1,317,912 4.79 1,529,229 16.03 1,577,978 3.19 1.0
P.B.I.T. 81,606,995 93,380,349 - 90,258,978 - 92,167,318 - 41,644,249 - -
Interest Expense 2,242,440 1,884,488 - 1,310,771 - 809,842 - -50,491 - -
Adjustments - Gain (Loss) -901,898 -1,926,638 - -1,899,722 - -671,528 - 503,771 - -
Pre-tax Profit 78,462,657 89,569,223 - 87,048,485 - 90,685,948 - 42,198,511 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 17,894,853 21,309,457 19.08 25,498,561 19.66 27,992,706 9.78 24,007,597 -14.24 7.6
Script & concept 20,000 65,703 228.52 31,545 -51.99 33,803 7.16 0 -100.00 -100.0
Filler Programming + Program Production 10,208,786 11,203,241 9.74 9,930,996 -11.36 10,259,753 3.31 2,800,472 -72.70 -27.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 28,123,639 32,578,401 15.84 35,461,102 8.85 38,286,262 7.97 26,808,069 -29.98 -1.2
Canadian Programming / Revenue (%) 14.37 14.64 - 15.16 - 15.69 - 20.83 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 16,737,579 16,308,223 -2.57 15,952,575 -2.18 16,371,789 2.63 4,188,291 -74.42 -29.3
Total Staff Count 208 207 -0.31 183 -11.75 179 -2.35 41 -77.31 -
Average Remuneration ($) 80,547 78,723 -2.26 87,263 10.85 91,708 5.09 103,415 12.76 6.5
Average Remuneration excl. Benefits ($) n/a n/a n/a 73,953 n/a 76,516 3.47 84,693 10.69 n/a
Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 42.5 42.5 39.1 38.4 33.6
P.B.I.T. Margin 41.7 41.9 38.6 37.8 32.4
Pre-tax Margin 40.1 40.2 37.2 37.2 32.8

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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