Specialty Services - Category A

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

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 60 60 - 63 - 64 - 64 - -
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 589,156,710 598,892,990 1.65 676,238,097 12.91 687,842,018 1.72 685,050,401 -0.41 3.8
DTH subscriber revenue 235,355,181 228,853,413 -2.76 234,506,478 2.47 239,558,771 2.15 219,516,680 -8.37 -1.7
Local advertising revenue 25,715,342 23,749,306 -7.65 23,528,623 -0.93 25,692,143 9.20 27,538,401 7.19 1.7
National advertising revenue 817,686,724 856,993,412 4.81 794,802,273 -7.26 748,242,015 -5.86 696,216,357 -6.95 -3.9
Other revenue 24,190,637 25,674,226 6.13 25,990,939 1.23 24,694,453 -4.99 24,779,023 0.34 0.6
Total Revenue 1,692,104,594 1,734,163,347 2.49 1,755,066,410 1.21 1,726,029,400 -1.65 1,653,100,862 -4.23 -0.6
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 785,294,978 796,782,544 1.46 863,285,593 8.35 846,482,044 -1.95 819,030,648 -3.24 1.1
Technical 57,722,324 54,394,837 -5.76 63,430,948 16.61 64,464,660 1.63 62,269,651 -3.40 1.9
Sales and Promotion 99,138,710 106,068,321 6.99 91,470,004 -13.76 87,011,847 -4.87 84,775,323 -2.57 -3.8
Administration and General 131,582,439 146,623,597 11.43 139,977,829 -4.53 132,698,673 -5.20 123,123,227 -7.22 -1.7
Total Expenses 1,073,738,451 1,103,869,299 2.81 1,158,164,374 4.92 1,130,657,224 -2.38 1,089,198,849 -3.67 0.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 618,366,143 630,294,048 - 596,902,036 - 595,372,176 - 563,902,013 - -
Depreciation 31,568,816 27,718,165 -12.20 32,984,095 19.00 33,828,721 2.56 34,912,336 3.20 2.6
P.B.I.T. 586,797,327 602,575,883 - 563,917,941 - 561,543,455 - 528,989,677 - -
Interest Expense 40,457,694 39,937,541 - 37,951,914 - 89,685,111 - 97,489,602 - -
Adjustments - Gain (Loss) 8,191,405 2,750,143 - 63,334,181 - -13,503,842 - -58,347,893 - -
Pre-tax Profit 554,531,038 565,388,485 - 589,300,208 - 458,354,502 - 373,152,182 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 347,522,234 364,093,544 4.77 393,655,872 8.12 362,825,092 -7.83 361,376,907 -0.40 1.0
Script & concept 6,649,983 8,524,931 28.19 10,145,554 19.01 9,783,089 -3.57 10,179,192 4.05 11.2
Filler Programming + Program Production 227,234,045 213,344,826 -6.11 227,519,445 6.64 199,974,237 -12.11 184,335,910 -7.82 -5.1
Investment in Programming 2,637,664 1,447,453 -45.12 4,464,688 208.45 17,461,483 291.10 388,938 -97.77 -38.0
Total Canadian Programming 584,043,926 587,410,754 0.58 635,785,559 8.24 590,043,901 -7.19 556,280,947 -5.72 -1.2
Canadian Programming/Revenue (%) 34.52 33.87 - 36.23 - 34.19 - 33.65 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 186,519,677 183,230,858 -1.76 174,327,972 -4.86 169,442,055 -2.80 150,489,165 -11.19 -5.2
Total Staff Count 2,603 2,510 -3.59 2,509 -0.01 2,572 2.48 2,254 -12.33 -
Avg Remuneration ($) 71,652 73,013 1.90 69,470 -4.85 65,888 -5.16 66,751 1.31 -1.8
Avg Remuneration excl. Benefits ($)* n/a n/a n/a 60,935 n/a 57,764 -5.20 58,319 0.96 n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 36.5 36.3 - 34.0 - 34.5 - 34.1 - -
P.B.I.T. Margin 34.7 34.7 - 32.1 - 32.5 - 32.0 - -
Pre-tax Margin 32.8 32.6 - 33.6 - 26.6 - 22.6 - -

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Antenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

*Fringe benefits data was not collected prior to the 2014 Broadcast Year.

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