Non-designated Markets - Radio FM - Ontario

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 94 95 - 97 - 101 - 105 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 80,555,722 81,344,520 0.98 82,169,629 1.01 82,223,205 0.07 80,524,328 -2.07 0.0
National Time Sales 14,100,557 15,920,989 12.91 18,389,309 15.50 19,093,656 3.83 21,686,780 13.58 11.4
Syndication-Production 53,458 23,906 -55.28 84,525 253.57 59,815 -29.23 92,743 55.05 14.8
Government/Corporate Grants 721 0 n/a 0 n/a 0 n/a 9,736 n/a n/a
Other Revenue 604,414 597,392 -1.16 690,650 15.61 876,203 26.87 976,125 11.40 12.7
Total Revenue 95,314,872 97,886,807 2.70 101,334,113 3.52 102,252,879 0.91 103,289,712 1.01 2.0

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 28,196,576 28,268,028 0.25 27,771,450 -1.76 28,443,349 2.42 28,223,066 -0.77 0.0
Technical 4,610,355 4,921,052 6.74 5,177,662 5.21 5,147,346 -0.59 5,298,763 2.94 3.5
Sales and Promotion 26,124,811 25,966,942 -0.60 26,432,603 1.79 27,431,633 3.78 26,289,007 -4.17 0.2
Administration and General 22,009,031 22,117,146 0.49 21,853,633 -1.19 22,947,025 5.00 22,368,169 -2.52 0.4
Total Expenses 80,940,773 81,273,168 0.41 81,235,348 -0.05 83,969,353 3.37 82,179,005 -2.13 0.4

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 14,374,099 16,613,639 - 20,098,765 - 18,283,526 - 21,110,707 - -
Depreciation 3,611,689 3,195,631 -11.52 3,601,872 12.71 3,252,790 -9.69 3,351,471 3.03 -1.9
P.B.I.T. 10,762,410 13,418,008 - 16,496,893 - 15,030,736 - 17,759,236 - -
Interest Expense 823,000 764,024 - 726,174 - 756,316 - 1,007,900 - -
Adjustments Gain(Loss) 377,692 8,343,456 - -5,867,400 - -1,762,111 - 72,501 - -
Pre-tax Profit 10,317,102 20,997,440 - 9,903,319 - 12,512,309 - 16,823,837 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 34.8 34.8 - 34.2 - 33.9 - 34.3 - -
Prog-Prod Expense / Revenue Total 29.6 28.9 - 27.4 - 27.8 - 27.3 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 47,279,333 47,846,920 1.20 47,600,821 -0.51 50,122,524 5.30 47,081,744 -6.07 -0.1
Total Staff Count 909.9 982.1 7.94 911.6 -7.18 905.0 -0.72 870.1 -3.86 -
Avg Remuneration ($) 51,962 48,720 -6.24 52,218 7.18 55,385 6.06 54,111 -2.30 1.0
Avg Remuneration excl. Benefits ($) 24,213 43,743 80.65 46,830 7.06 49,726 6.18 48,469 -2.53 19.0

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 15.1 17.0 - 19.8 - 17.9 - 20.4 - -
P.B.I.T. Margin 11.3 13.7 - 16.3 - 14.7 - 17.2 - -
Pre-tax Margin 10.8 21.5 - 9.8 - 12.2 - 16.3 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: