Radio AM - Canada - French

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 6 8 - 6 - 7 - 7 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 4,693,816 3,604,476 -23.21 3,238,108 -10.16 2,928,571 -9.56 3,005,838 2.64 -10.5
National Time Sales 1,267,187 1,103,403 -12.93 956,752 -13.29 994,993 4.00 988,984 -0.60 -6.0
Syndication-Production 11,607 11,788 1.56 5,725 -51.43 5,302 -7.39 5,322 0.38 -17.7
Government/Corporate Grants 7,500 10,200 36.00 0 n/a 0 n/a 1,123 n/a n/a
Other Revenue 165,661 135,361 -18.29 81,051 -40.12 89,410 10.31 67,450 -24.56 -20.1
Total Revenue 6,145,771 4,865,228 -20.84 4,281,636 -12.00 4,018,276 -6.15 4,068,717 1.26 -9.8

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,458,605 2,226,261 -9.45 1,753,468 -21.24 1,841,260 5.01 1,731,248 -5.97 -8.4
Technical 617,030 614,147 -0.47 308,113 -49.83 254,877 -17.28 514,478 101.85 -4.4
Sales and Promotion 1,460,838 885,108 -39.41 820,441 -7.31 685,542 -16.44 716,974 4.58 -16.3
Administration and General 1,220,270 1,075,415 -11.87 827,800 -23.03 907,470 9.62 897,261 -1.12 -7.4
Total Expenses 5,756,743 4,800,931 -16.60 3,709,822 -22.73 3,689,149 -0.56 3,859,961 4.63 -9.5

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 389,028 64,297 - 571,814 - 329,127 - 208,756 - -
Depreciation 159,129 215,530 35.44 113,299 -47.43 255,807 125.78 304,936 19.21 17.7
P.B.I.T. 229,899 -151,233   458,515   73,320   -96,180    
Interest Expense 36,824 124,902 - 137,596 - 150,267 - 107,006 - -
Adjustments Gain(Loss) 61,298 106,439 - 50,780 - 94,584 - 22,318 - -
Pre-tax Profit 254,373 -169,696   371,699   17,637   -180,868    

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 42.7 46.4 - 47.3 - 49.9 - 44.9 - -
Prog-Prod Expense / Revenue Total 40.0 45.8 - 41.0 - 45.8 - 42.6 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 3,113,370 2,781,710 -10.65 2,417,683 -13.09 2,606,792 7.82 2,447,165 -6.12 -5.8
Total Staff Count 53.0 65.8 24.04 40.9 -37.79 41.1 0.49 33.9 -17.68 -
Avg Remuneration ($) 58,710 42,288 -27.97 59,083 39.72 63,395 7.30 72,294 14.04 5.3
Avg Remuneration excl. Benefits ($) 51,199 37,257 -27.23 51,225 37.49 56,549 10.39 62,783 11.02 5.2

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 6.3 1.3 - 13.4 - 8.2 - 5.1 - -
P.B.I.T. Margin 3.7 -3.1 - 10.7 - 1.8 - -2.4 - -
Pre-tax Margin 4.1 -3.5 - 8.7 - 0.4 - -4.4 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

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