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

Table of Contents

Revenue
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%) - 5 yr
Subscription 1,048,804 1,134,930 8.21 1,229,910 8.37 1,294,352 5.24 1,357,239 4.86 6.7
Connection 7,745 8,700 12.33 9,315 7.07 6,301 -32.35 5,772 -8.41 -7.1
Community Channel Sponsorship & Facilities Rental 87 400 359.41 884 120.72 444 -49.80 433 -2.28 49.3
Other 114,696 120,869 5.38 119,499 -1.13 125,764 5.24 119,225 -5.20 1.0
Total Revenue 1,171,332 1,264,899 7.99 1,359,608 7.49 1,426,861 4.95 1,482,669 3.91 6.1

Expenses
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Community Programming 34,582 27,881 -19.38 28,542 2.37 36,313 27.23 39,278 8.16 3.2
Affiliation Payments 398,563 438,118 9.92 476,617 8.79 500,487 5.01 543,065 8.51 8.0
Technical 279,769 340,496 21.71 339,577 -0.27 339,894 0.09 331,707 -2.41 4.4
Sales and Promotion 95,640 124,353 30.02 152,056 22.28 155,337 2.16 168,713 8.61 15.3
Administration and General 133,046 188,965 42.03 225,570 19.37 239,746 6.28 263,994 10.11 18.7
Total Expenses 941,601 1,119,813 18.93 1,222,363 9.16 1,271,777 4.04 1,346,757 5.90 9.4
Operating Income 229,731 145,085   137,245   155,083   135,912    
Local Programming Improvement Fund (LPIF) 13,730 15,044 9.57 15,714 4.45 11,362 -27.69 6,087 -46.43 -18.4

Staff
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 363,993 477,463 31.17 559,436 17.17 555,646 -0.68 601,546 8.26 13.4
Total Staff Count 5,584 6,681 19.64 7,419 11.05 7,594 2.36 7,939 4.55  
Avg Remuneration ($) 65,189 71,470 9.64 75,406 5.51 73,168 -2.97 75,768 3.55 3.8
Avg Remuneration excl. Benefits ($) 49,470 50,869 2.83 57,674 13.38 58,641 1.68 58,436 -0.35 4.3

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Direct Subscribers 1,937,165 2,020,845 4.32 2,129,007 5.35 2,185,729 2.66 2,266,303 3.69 4.0
Indirect Subscribers 78,589 79,238 0.83 90,879 14.69 96,423 6.10 128,696 33.47 13.1
Total Subscribers 2,015,754 2,100,083 4.18 2,219,886 5.70 2,282,152 2.80 2,394,999 4.94 4.4

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 19.6 11.5   10.1   10.9   9.2    
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