Large Radio Markets – Radio FM – Ottawa-Gatineau - English/Ethnic

Commercial Radio – Financial Summary 2010-2014

Table of Contents

Reporting Units ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Reporting Units 12 12   12   12   12    

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Local Time Sales 34,557,631 36,272,120 4.96 35,161,820 -3.06 36,172,695 2.87 36,746,751 1.59 1.6
National Time Sales 13,178,233 14,351,666 8.90 13,809,128 -3.78 13,745,725 -0.46 13,702,527 -0.31 1.0
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Syndication-Production 38,461 -10,709 -127.84 -15,585 45.53 -5,008 -67.87 19,064 -480.67 -16.1
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 323,042 622,079 92.57 754,363 21.26 579,079 -23.24 653,075 12.78 19.2
Total Revenue 48,097,367 51,235,156 6.52 49,709,726 -2.98 50,492,491 1.57 51,121,417 1.25 1.5

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 12,607,987 13,406,994 6.34 13,148,354 -1.93 12,978,098 -1.29 13,338,568 2.78 1.4
Technical 1,412,821 1,500,053 6.17 1,487,645 -0.83 1,418,051 -4.68 1,578,904 11.34 2.8
Sales and Promotion 12,241,166 13,395,339 9.43 13,331,600 -0.48 11,424,264 -14.31 11,777,157 3.09 -1.0
Administration and General 8,216,109 9,403,909 14.46 9,094,587 -3.29 9,565,962 5.18 10,323,143 7.92 5.9
Total Expenses 34,478,083 37,706,295 9.36 37,062,186 -1.71 35,386,375 -4.52 37,017,772 4.61 1.8

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 13,619,284 13,528,861   12,647,540   15,106,116   14,103,645    
Depreciation 896,057 1,101,478   1,076,989   951,494   821,824    
P.B.I.T. 12,723,227 12,427,383   11,570,551   14,154,622   13,281,821    
Interest Expense 533,204 664,801   416,381   293,687   1,083,098    
Adjustments - Gain (Loss) -1,912,782 -10,561,700   1,206,018   -1,720,003   -1,569,313    
Pre-tax Profit 10,277,241 1,200,882   12,360,188   12,140,932   10,629,410    

Programming and Production (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Program and Production Expense/Total Expenses 36.6 35.6   35.5   36.7   36.0    
Program and Production Expense/Total Revenue 26.2 26.2   26.5   25.7   26.1    

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration ($) 17,779,083 19,564,756 10.04 19,168,375 -2.03 17,853,048 -6.86 17,906,353 0.30 0.2
Total Staff Count 235.0 231.7 -1.39 230.7 -0.42 211.9 -8.15 231.4 9.17  
Avg Remuneration ($)  75,672 84,444 11.59 83,081 -1.61 84,244 1.40 77,396 -8.13 0.6
Avg Remuneration excl. Benefits ($)  68,141 75,974 11.49 72,495 -4.58 74,857 3.26 69,585 -7.04 0.5

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 28.3 26.4   25.4   29.9   27.6    
P.B.I.T. Margin 26.5 24.3   23.3   28.0   26.0    
Pre-tax Margin 21.4 2.3   24.9   24.0   20.8    
Date modified: