Non-designated Markets - Radio AM / FM - Quebec

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 63 62 - 62 - 63 - 63 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 59,827,873 60,136,241 0.52 61,232,692 1.82 60,934,972 -0.49 61,100,639 0.27 0.5
National Time Sales 18,913,638 19,439,137 2.78 19,995,553 2.86 20,553,471 2.79 21,919,329 6.65 3.8
Syndication-Production 1,173,561 1,258,702 7.25 2,649,552 110.50 2,664,494 0.56 2,373,410 -10.92 19.3
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 2,039,817 906,206 -55.57 537,058 -40.74 398,433 -25.81 311,891 -21.72 -37.5
Total Revenue 81,967,449 81,745,901 -0.27 84,419,301 3.27 84,557,570 0.16 85,709,564 1.36 1.1

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 26,297,593 25,523,860 -2.94 26,221,328 2.73 26,100,663 -0.46 25,443,849 -2.52 -0.8
Technical 3,815,297 3,353,935 -12.09 3,198,734 -4.63 3,184,297 -0.45 3,271,047 2.72 -3.8
Sales and Promotion 22,420,608 21,081,835 -5.97 23,045,908 9.32 23,399,855 1.54 22,695,872 -3.01 0.3
Administration and General 18,752,307 19,261,520 2.72 19,932,400 3.48 18,249,151 -8.44 17,070,760 -6.46 -2.3
Total Expenses 71,285,805 69,221,150 -2.90 72,398,370 4.59 70,933,966 -2.02 68,481,528 -3.46 -1.0

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 10,681,644 12,524,751 - 12,020,931 - 13,623,604 - 17,228,036 - -
Depreciation 2,858,990 3,190,646 11.60 3,118,125 -2.27 3,081,870 -1.16 2,741,157 -11.06 -1.1
P.B.I.T. 7,822,654 9,334,105 - 8,902,806 - 10,541,734 - 14,486,879 - -
Interest Expense 295,860 508,772 - 522,182 - 503,120 - 461,346 - -
Adjustments Gain(Loss) 11,062,117 10,675,627 - 836,699 - -636,378 - -1,282,245 - -
Pre-tax Profit 18,588,911 19,500,960 - 9,217,323 - 9,402,236 - 12,743,288 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 36.9 36.9 - 36.2 - 36.8 - 37.2 - -
Prog-Prod Expense / Revenue Total 32.1 31.2 - 31.1 - 30.9 - 29.7 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 45,484,531 41,617,054 -8.50 44,711,372 7.44 44,947,443 0.53 39,007,568 -13.22 -3.8
Total Staff Count 757.4 734.6 -3.00 736.9 0.31 697.4 -5.36 628.2 -9.92 -
Avg Remuneration ($) 60,057 56,652 -5.67 60,677 7.10 64,448 6.22 62,090 -3.66 0.8
Avg Remuneration excl. Benefits ($) 49,489 48,252 -2.50 54,254 12.44 57,633 6.23 54,767 -4.97 2.6

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 13.0 15.3 - 14.2 - 16.1 - 20.1 - -
P.B.I.T. Margin 9.5 11.4 - 10.5 - 12.5 - 16.9 - -
Pre-tax Margin 22.7 23.9 - 10.9 - 11.1 - 14.9 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: