Non-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
91 99 96 95 83
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 82,760,194 104,779,679 26.61 102,069,024 -2.59 110,399,620 8.16 141,203,014 27.90 14.3
DTH subscriber revenue 48,153,871 46,909,745 -2.58 43,482,877 -7.31 42,297,265 -2.73 60,298,797 42.56 5.8
Local advertising revenue 4,413,514 6,190,443 40.26 7,001,895 13.11 7,709,671 10.11 5,363,803 -30.43 5.0
National advertising revenue 31,360,554 37,980,346 21.11 37,668,325 -0.82 27,524,869 -26.93 75,469,081 174.19 24.6
Other revenue 15,030,322 18,829,764 25.28 17,841,367 -5.25 20,728,243 16.18 18,708,550 -9.74 5.6
Total Revenue 181,718,455 214,689,977 18.14 208,063,488 -3.09 208,659,668 0.29 301,043,245 44.27 13.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 82,675,220 104,723,792 26.67 99,347,902 -5.13 100,269,777 0.93 130,184,912 29.83 12.0
Technical 26,525,776 26,630,111 0.39 24,285,775 -8.80 27,282,206 12.34 30,279,037 10.98 3.4
Sales and Promotion 19,255,130 19,660,981 2.11 14,573,060 -25.88 15,203,999 4.33 15,185,113 -0.12 -5.8
Administration and General 38,003,642 39,350,003 3.54 42,656,191 8.40 30,812,737 -27.76 46,804,141 51.90 5.4
Total Expenses 166,459,768 190,364,887 14.36 180,862,928 -4.99 173,568,719 -4.03 222,453,203 28.16 7.5
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 15,258,687 24,325,090 - 27,200,560 - 35,090,949 - 78,590,042 - -
Depreciation 5,607,449 6,355,160 13.33 5,484,883 -13.69 5,081,645 -7.35 3,643,879 -28.29 -10.2
P.B.I.T. 9,651,238 17,969,930 - 21,715,677 - 30,009,304 - 74,946,163 - -
Interest Expense 1,369,392 2,875,730 - 2,979,698 - 2,590,929 - 14,418,348 - -
Adjustments - Gain (Loss) -3,611,366 -3,009,685 - 166,267 - -7,983,797 - 11,071,439 - -
Pre-tax Profit 4,670,480 12,084,515 - 18,902,246 - 19,434,578 - 71,599,254 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 14,378,573 17,677,017 22.94 9,954,536 -43.69 13,264,362 33.25 17,162,666 29.39 4.5
Script & concept 1,045,782 946,652 -9.48 1,158,459 22.37 1,006,922 -13.08 741,567 -26.35 -8.2
Filler Programming + Program Production 27,622,431 29,232,618 5.83 29,400,127 0.57 23,776,223 -19.13 29,527,659 24.19 1.7
Investment in Programming 1,540,489 1,367,410 -11.24 1,512,095 10.58 2,815,538 86.20 2,609,736 -7.31 14.1
Total Canadian Programming 44,587,275 49,223,697 10.40 42,025,217 -14.62 40,863,045 -2.77 50,041,628 22.46 2.9
Canadian Programming / Revenue (%) 24.54 22.93 - 20.20 - 19.58 - 16.62 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 41,198,569 42,649,125 3.52 34,744,584 -18.53 32,385,586 -6.79 41,464,983 28.04 0.2
Total Staff Count 755 764 1.08 864 13.22 600 -30.65 620 3.47 -
Average Remuneration ($) 54,539 55,854 2.41 40,191 -28.04 54,019 34.41 66,841 23.74 5.2
Average Remuneration excl. Benefits ($) n/a n/a n/a 35,104 n/a 49,897 42.14 61,040 22.33 n/a
Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 8.4 11.3 13.1 16.8 26.1
P.B.I.T. Margin 5.3 8.4 10.4 14.4 24.9
Pre-tax Margin 2.6 5.6 9.1 9.3 23.8

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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