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Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 90 89 - 90 - 91 - 91 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 147,388,752 150,047,542 1.80 152,589,418 1.69 151,591,387 -0.65 149,966,000 -1.07 0.4
National Time Sales 99,012,783 100,005,515 1.00 101,503,926 1.50 97,872,544 -3.58 102,501,547 4.73 0.9
Syndication-Production 1,521,192 1,852,494 21.78 4,344,229 134.51 4,086,435 -5.93 3,845,691 -5.89 26.1
Government/Corporate Grants 12,560 5,615 -55.29 4,446 -20.82 6,200 39.45 4,295 -30.73 n/a
Other Revenue 3,976,719 1,248,849 -68.60 789,685 -36.77 885,288 12.11 971,814 9.77 -29.7
Total Revenue 251,912,006 253,160,015 0.50 259,231,704 2.40 254,441,854 -1.85 257,289,347 1.12 0.5

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 87,759,013 90,153,729 2.73 90,116,495 -0.04 91,067,059 1.05 85,410,572 -6.21 -0.7
Technical 11,036,111 9,719,728 -11.93 9,638,992 -0.83 9,101,591 -5.58 9,538,385 4.80 -3.6
Sales and Promotion 61,241,916 61,658,113 0.68 61,877,736 0.36 62,992,724 1.80 61,388,963 -2.55 0.1
Administration and General 45,210,631 46,106,692 1.98 46,700,999 1.29 41,419,460 -11.31 40,234,968 -2.86 -2.9
Total Expenses 205,247,671 207,638,262 1.16 208,334,222 0.34 204,580,834 -1.80 196,572,888 -3.91 -1.1

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 46,664,335 45,521,753 - 50,897,482 - 49,861,020 - 60,716,459 - -
Depreciation 7,262,547 8,195,735 12.85 7,256,987 -11.45 6,736,106 -7.18 7,283,128 8.12 0.1
P.B.I.T. 39,401,788 37,326,018   43,640,495   43,124,914   53,433,331    
Interest Expense 893,494 2,643,701 - 3,194,482 - 2,923,348 - 3,455,322 - -
Adjustments Gain(Loss) 27,139,436 26,632,576 - 1,674,938 - -1,437,900 - -4,751,960 - -
Pre-tax Profit 65,647,730 61,314,893   42,120,951   38,763,666   45,226,049    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 42.8 43.4 - 43.3 - 44.5 - 43.4 - -
Prog-Prod Expense / Revenue Total 34.8 35.6 - 34.8 - 35.8 - 33.2 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 122,867,869 121,810,825 -0.86 124,229,836 1.99 125,191,484 0.77 113,243,394 -9.54 -2.0
Total Staff Count 1,547.9 1,541.2 -0.43 1,509.6 -2.05 1,442.4 -4.45 1,336.8 -7.32 -
Avg Remuneration ($) 79,379 79,037 -0.43 82,294 4.12 86,793 5.47 84,711 -2.40 1.6
Avg Remuneration excl. Benefits ($) 68,394 68,700 0.45 74,001 7.72 78,480 6.05 75,539 -3.75 2.5

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 18.5 18.0 - 19.6 - 19.6 - 23.6 - -
P.B.I.T. Margin 15.6 14.7 - 16.8 - 16.9 - 20.8 - -
Pre-tax Margin 26.1 24.2 - 16.2 - 15.2 - 17.6 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

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