Cable & IPTV - Basic and Non Basic Services - Québec

Cable, Internet Protocol Television (IPTV), Multipoint Distribution Systems (MDS) and Direct-to-Home (DTH) - Financial Summary 2011-2015

Table of Contents

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscription 1,134,930 1,229,910 8.37 1,294,352 5.24 1,294,819 0.04 1,329,307 2.66 4.0
Connection 8,700 9,315 7.07 6,301 -32.35 6,204 -1.55 6,403 3.21 -7.4
Community Channel Sponsorship & Facilities Rental 400 884 120.72 444 -49.80 433 -2.28 629 45.08 12.0
Other Revenue 120,869 119,499 -1.13 125,764 5.24 181,213 44.09 216,331 19.38 15.7
Total Revenue 1,264,899 1,359,608 7.49 1,426,861 4.95 1,482,669 3.91 1,552,669 4.72 5.3

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Community Programming 27,881 28,542 2.37 36,313 27.23 39,278 8.16 39,996 1.83 9.4
Affiliation Payments 438,118 476,617 8.79 500,487 5.01 543,065 8.51 604,470 11.31 8.4
Technical 340,496 339,577 -0.27 339,894 0.09 332,300 -2.23 315,458 -5.07 -1.9
Sales and Promotion 124,353 152,056 22.28 155,337 2.16 169,506 9.12 173,160 2.16 8.6
Administration and General 188,965 225,570 19.37 239,746 6.28 265,187 10.61 270,199 1.89 9.4
Total Expenses 1,119,813 1,222,363 9.16 1,271,777 4.04 1,349,336 6.10 1,403,283 4.00 5.8
Operating Income 145,085 137,245 155,083 133,333 149,387
Local Programming Improvement Fund 15,044 15,714 11,362 6,087

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 477,463 557,217 16.70 561,795 0.82 601,546 7.08 572,761 -4.79 4.7
Total Staff Count (FTE) 6,680.6 7,419.0 11.05 7,663.1 3.29 7,939.4 3.61 7,270.0 -8.43
Avg Remuneration ($) 71,470 75,107 5.09 73,312 -2.39 75,768 3.35 78,784 3.98 2.5
Avg Remuneration excl. Benefits ($) 50,869 57,454 12.94 58,740 2.24 58,436 -0.52 60,468 3.48 4.4

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Direct Subscribers 2,020,845 2,129,007 5.35 2,196,674 3.18 2,266,303 3.17 2,370,665 4.60 4.1
Indirect Subscribers 79,238 90,879 14.69 96,423 6.10 128,696 33.47 122,166 -5.07 11.4
Total Subscribers 2,100,083 2,219,886 5.70 2,293,097 3.30 2,394,999 4.44 2,492,831 4.08 4.4

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 11.5 10.1 10.9 9.0 9.6

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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