Specialty Services - Category B

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 118 126 - 123 - 122 - 203 - -
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 173,083,817 212,452,286 22.75 212,947,556 0.23 231,557,218 8.74 247,904,676 7.06 9.4
DTH subscriber revenue 95,231,246 94,202,553 -1.08 91,410,478 -2.96 87,680,051 -4.08 89,237,863 1.78 -1.6
Local advertising revenue 4,413,514 6,190,443 40.26 7,001,895 13.11 7,709,671 10.11 7,283,740 -5.52 13.3
National advertising revenue 88,938,007 105,271,468 18.36 112,387,544 6.76 104,675,600 -6.86 116,488,176 11.28 7.0
Other revenue 15,766,282 19,174,256 21.62 18,234,905 -4.90 21,041,060 15.39 23,185,258 10.19 10.1
Total Revenue 377,432,866 437,291,006 15.86 441,982,378 1.07 452,663,600 2.42 484,099,713 6.94 6.4
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 153,781,961 187,069,460 21.65 196,390,257 4.98 203,063,182 3.40 224,681,707 10.65 9.9
Technical 39,101,985 38,700,395 -1.03 35,886,238 -7.27 38,571,906 7.48 37,763,094 -2.10 -0.9
Sales and Promotion 29,414,721 31,288,874 6.37 22,186,965 -29.09 23,014,086 3.73 25,427,289 10.49 -3.6
Administration and General 56,753,024 61,269,110 7.96 68,741,468 12.20 59,226,930 -13.84 64,080,630 8.20 3.1
Total Expenses 279,051,691 318,327,839 14.07 323,204,928 1.53 323,876,104 0.21 351,952,720 8.67 6.0
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 98,381,175 118,963,167 - 118,777,450 - 128,787,496 - 132,146,993 - -
Depreciation 7,122,942 7,612,888 6.88 6,802,795 -10.64 6,610,874 -2.82 6,180,272 -6.51 -3.5
P.B.I.T. 91,258,233 111,350,279 - 111,974,655 - 122,176,622 - 125,966,721 - -
Interest Expense 3,611,832 4,760,218 - 4,290,469 - 3,400,771 - 29,645,546 - -
Adjustments - Gain (Loss) -4,513,264 -4,936,323 - -1,733,455 - -8,655,325 - 11,619,756 - -
Pre-tax Profit 83,133,137 101,653,738 - 105,950,731 - 110,120,526 - 107,940,931 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 32,273,426 38,986,474 20.80 35,453,097 -9.06 41,257,068 16.37 41,995,667 1.79 6.8
Script & concept 1,065,782 1,012,355 -5.01 1,190,004 17.55 1,040,725 -12.54 1,184,790 13.84 2.7
Filler Programming + Program Production 37,831,217 40,435,859 6.88 39,331,123 -2.73 34,035,976 -13.46 36,158,589 6.24 -1.1
Investment in Programming 1,540,489 1,367,410 -11.24 1,512,095 10.58 2,815,538 86.20 2,643,050 -6.13 14.5
Total Canadian Programming 72,710,914 81,802,098 12.50 77,486,319 -5.28 79,149,307 2.15 81,982,096 3.58 3.1
Canadian Programming/Revenue (%) 19.26 18.71 - 17.53 - 17.49 - 16.93 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 57,936,148 58,957,348 1.76 50,697,159 -14.01 48,757,375 -3.83 51,301,173 5.22 -3.0
Total Staff Count 963 971 0.78 1,047 7.89 778 -25.71 843 8.36 -
Avg Remuneration ($) 60,150 60,734 0.97 48,407 -20.30 62,667 29.46 60,847 -2.90 0.3
Avg Remuneration excl. Benefits ($)* n/a n/a n/a 41,885 n/a 56,005 33.71 55,275 -1.30 n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 26.1 27.2 - 26.9 - 28.5 - 27.3 - -
P.B.I.T. Margin 24.2 25.5 - 25.3 - 27.0 - 26.0 - -
Pre-tax Margin 22.0 23.2 - 24.0 - 24.3 - 22.3 - -

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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