Financial Summary (Basic and Non Basic Services) - Cable & IPTV – Atlantic

Table of Contents

Revenue
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%) - 5 yr
Subscription 326,815 354,226 8.39 380,466 7.41 403,616 6.08 426,321 5.63 6.9
Connection 1,515 1,325 -12.54 1,233 -6.93 1,296 5.05 1,566 20.90 0.8
Community Channel Sponsorship & Facilities Rental 179 155 -12.94 172 10.64 119 -31.09 115 -3.17 -10.5
Other 46,978 57,809 23.06 64,460 11.50 59,160 -8.22 55,623 -5.98 4.3
Total Revenue 375,487 413,515 10.13 446,332 7.94 464,190 4.00 483,625 4.19 6.5

Expenses
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Community Programming 7,532 6,646 -11.77 7,929 19.31 7,425 -6.36 10,999 48.14 9.9
Affiliation Payments 129,579 143,524 10.76 159,336 11.02 167,002 4.81 180,856 8.30 8.7
Technical 55,589 52,106 -6.27 48,946 -6.06 42,946 -12.26 41,186 -4.10 -7.2
Sales and Promotion 18,651 17,290 -7.30 24,542 41.95 24,705 0.66 15,555 -37.04 -4.4
Administration and General 40,917 45,045 10.09 43,273 -3.94 41,405 -4.32 49,245 18.94 4.7
Total Expenses 252,269 264,612 4.89 284,026 7.34 283,483 -0.19 297,842 5.07 4.2
Operating Income 123,218 148,904   162,305   180,707   185,783    
Local Programming Improvement Fund (LPIF) 3,290 3,052 -7.24 3,417 11.94 2,431 -28.84 1,276 -47.52 -21.1

Staff
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 103,102 100,519 -2.51 122,585 21.95 128,027 4.44 123,835 -3.27 4.7
Total Staff Count 1,694 1,646 -2.83 1,935 17.57 1,922 -0.68 1,765 -8.15  
Avg Remuneration ($) 60,863 61,069 0.34 63,346 3.73 66,611 5.16 70,148 5.31 3.6
Avg Remuneration excl. Benefits ($) 53,500 53,352 -0.28 55,112 3.30 57,237 3.86 60,288 5.33 3.0

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Direct Subscribers 556,448 574,316 3.21 559,026 -2.66 609,737 9.07 592,575 -2.81 1.6
Indirect Subscribers 10,625 15,125 42.35 14,868 -1.70 11,041 -25.74 10,742 -2.71 0.3
Total Subscribers 567,073 589,441 3.94 573,894 -2.64 620,778 8.17 603,317 -2.81 1.6

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 32.8 36.0   36.4   38.9   38.4    
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