Specialty Services - Category C

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 10 10 - 10 - 10 - 10 - -
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 531,606,772 604,464,518 13.71 673,983,966 11.50 730,525,191 8.39 788,935,566 8.00 10.4
DTH subscriber revenue 180,951,313 196,344,131 8.51 233,589,616 18.97 228,383,570 -2.23 234,538,576 2.70 6.7
Local advertising revenue 0 41,044 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 326,264,955 304,316,702 -6.73 316,280,787 3.93 348,746,153 10.26 499,767,172 43.30 11.3
Other revenue 21,768,926 15,403,342 -29.24 26,684,891 73.24 30,765,562 15.29 32,589,076 5.93 10.6
Total Revenue 1,060,591,966 1,120,569,737 5.66 1,250,539,260 11.60 1,338,420,476 7.03 1,555,830,390 16.24 10.1
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 772,510,836 698,262,796 -9.61 836,587,148 19.81 945,675,660 13.04 1,104,111,943 16.75 9.3
Technical 18,590,281 20,040,781 7.80 21,004,762 4.81 26,423,946 25.80 22,449,853 -15.04 4.8
Sales and Promotion 50,129,023 48,811,976 -2.63 50,165,910 2.77 61,367,251 22.33 65,284,168 6.38 6.8
Administration and General 50,671,127 61,404,286 21.18 73,001,988 18.89 72,175,248 -1.13 64,641,250 -10.44 6.3
Total Expenses 891,901,267 828,519,839 -7.11 980,759,808 18.37 1,105,642,105 12.73 1,256,487,214 13.64 9.0
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 168,690,699 292,049,898 - 269,779,452 - 232,778,371 - 299,343,176 - -
Depreciation 27,016,980 23,791,064 -11.94 23,185,053 -2.55 26,039,514 12.31 27,537,250 5.75 0.5
P.B.I.T. 141,673,719 268,258,834 - 246,594,399 - 206,738,857 - 271,805,926 - -
Interest Expense 27,327,595 26,067,664 - 27,069,505 - 26,583,053 - 26,155,522 - -
Adjustments - Gain (Loss) 611,108 12,167,348 - -2,735,120 - -8,226,158 - -6,182,981 - -
Pre-tax Profit 114,957,232 254,358,518 - 216,789,774 - 171,929,646 - 239,467,423 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 280,552,210 212,013,290 -24.43 314,580,331 48.38 443,856,665 41.09 576,241,888 29.83 19.7
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 354,073,170 350,351,763 -1.05 376,161,992 7.37 393,746,411 4.67 392,756,400 -0.25 2.6
Investment in Programming 4,601 0 n/a 0 n/a 41,316 n/a 38,220 -7.49 69.8
Total Canadian Programming 634,629,981 562,365,053 -11.39 690,742,323 22.83 837,644,392 21.27 969,036,508 15.69 11.2
Canadian Programming/Revenue (%) 59.84 50.19 - 55.24 - 62.58 - 62.28 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 191,169,206 183,383,653 -4.07 199,164,059 8.61 199,415,420 0.13 193,999,840 -2.72 0.4
Total Staff Count 2,056 2,062 0.29 2,190 6.23 2,112 -3.56 1,938 -8.27 -
Avg Remuneration ($) 92,990 88,941 -4.35 90,928 2.23 94,408 3.83 100,128 6.06 1.9
Avg Remuneration excl. Benefits ($)* n/a n/a n/a 76,212 n/a 78,868 3.49 83,600 6.00 n/a
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 15.9 26.1 - 21.6 - 17.4 - 19.2 - -
P.B.I.T. Margin 13.4 23.9 - 19.7 - 15.4 - 17.5 - -
Pre-tax Margin 10.8 22.7 - 17.3 - 12.8 - 15.4 - -

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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