Designated Markets - Radio FM - Calgary

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 13 14 - 15 - 15 - 15 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 53,408,618 53,141,975 -0.50 53,499,108 0.67 51,174,051 -4.35 42,870,097 -16.23 -5.4
National Time Sales 24,975,779 28,005,403 12.13 26,474,771 -5.47 30,972,862 16.99 28,774,066 -7.10 3.6
Syndication-Production 62,370 5,121 -91.79 38,313 648.15 10,903 -71.54 192,323 n/a 32.5
Government/Corporate Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 1,222,712 469,175 -61.63 623,227 32.83 695,527 11.60 414,834 -40.36 -23.7
Total Revenue 79,669,479 81,621,674 2.45 80,635,419 -1.21 82,853,343 2.75 72,251,320 -12.80 -2.4

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 20,594,055 21,622,879 5.00 21,117,389 -2.34 21,212,532 0.45 19,825,745 -6.54 -1.0
Technical 2,043,235 2,056,277 0.64 2,201,379 7.06 2,156,035 -2.06 2,050,798 -4.88 0.1
Sales and Promotion 20,408,579 18,209,583 -10.77 18,614,696 2.22 19,457,792 4.53 16,540,247 -14.99 -5.1
Administration and General 12,890,485 13,041,543 1.17 13,984,107 7.23 14,320,174 2.40 14,210,790 -0.76 2.5
Total Expenses 55,936,354 54,930,282 -1.80 55,917,571 1.80 57,146,533 2.20 52,627,580 -7.91 -1.5

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 23,733,125 26,691,392 - 24,717,848 - 25,706,810 - 19,623,740 - -
Depreciation 1,463,340 1,189,632 -18.70 1,691,859 42.22 2,043,755 20.80 2,177,563 6.55 10.5
P.B.I.T. 22,269,785 25,501,760 - 23,025,989 - 23,663,055 - 17,446,177 - -
Interest Expense 731,923 533,608 - 759,793 - 875,984 - 548,994 - -
Adjustments Gain(Loss) -238,097 -7,936,072 - -4,665,358 - 2,472,649 - -3,054,672 - -
Pre-tax Profit 21,299,765 17,032,080 - 17,600,838 - 25,259,720 - 13,842,511 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 36.8 39.4 - 37.8 - 37.1 - 37.7 - -
Prog-Prod Expense / Revenue Total 25.8 26.5 - 26.2 - 25.6 - 27.4 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 26,870,541 26,630,478 -0.89 26,801,903 0.64 26,956,881 0.58 24,630,843 -8.63 -2.2
Total Staff Count 288.3 299.0 3.73 328.0 9.70 305.6 -6.82 286.7 -6.20 -
Avg Remuneration ($) 93,220 89,062 -4.46 81,708 -8.26 88,198 7.94 85,912 -2.59 -2.0
Avg Remuneration excl. Benefits ($) 84,970 80,797 -4.91 74,879 -7.32 81,227 8.48 79,070 -2.66 -1.8

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 29.8 32.7 - 30.7 - 31.0 - 27.2 - -
P.B.I.T. Margin 28.0 31.2 - 28.6 - 28.6 - 24.1 - -
Pre-tax Margin 26.7 20.9 - 21.8 - 30.5 - 19.2 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: