IPTV - Canada

Broadcasting Distribution - Cable, Internet Protocol Television (IPTV) and Direct-to-Home (DTH) - Financial Summary 2012-2016

Table of Contents

Revenue ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Subscription 573,347 913,652 59.35 1,061,648 16.20 1,278,929 20.47 1,447,951 13.22 26.1
Connection 822 804 -2.10 5,970 642.17 8,885 48.84 20,145 126.72 122.5
Community Channel Sponsorship & Facilities Rental 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 14,448 16,950 17.32 217,717 n/a 275,261 26.43 327,085 18.83 118.1
Total Revenue 588,617 931,407 58.24 1,285,335 38.00 1,563,075 21.61 1,795,181 14.85 32.2

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 6,601 12,019 82.10 19,729 64.14 25,536 29.43 29,570 15.80 45.5
Affiliation Payments 279,181 407,920 46.11 550,021 34.84 678,282 23.32 778,053 14.71 29.2
Technical 310,330 364,438 17.44 437,198 19.97 589,590 34.86 544,313 -7.68 15.1
Sales and Promotion 114,151 148,390 29.99 176,629 19.03 171,338 -3.00 213,637 24.69 17.0
Administration and General 131,449 271,997 106.92 356,382 31.02 402,983 13.08 551,203 36.78 43.1
Total Expenses 841,712 1,204,765 43.13 1,539,960 27.82 1,867,729 21.28 2,116,775 13.33 25.9
Operating Income -253,095 -273,358 - -254,625 - -304,653 - -321,594 - -
Local Programming Improvement Fund 4,574 5,537 - 4,677 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 257,135 344,563 34.00 403,557 17.12 313,583 -22.30 339,512 8.27 7.2
Total Staff Count (FTE) 2,011.7 3,177.4 57.95 3,388.7 6.65 2,911.6 -14.08 3,144.7 8.01 -
Avg Remuneration ($) 127,819 108,441 -15.16 119,088 9.82 107,702 -9.56 107,962 0.24 -4.1
Avg Remuneration excl. Benefits ($) 108,676 104,986 -3.40 114,992 9.53 104,862 -8.81 105,895 0.98 -0.7

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 1,003,033 1,395,155 39.09 1,786,484 28.05 2,167,250 21.31 2,465,370 13.76 25.2
Indirect Subscribers 3,220 1,538 -52.24 1,489 -3.19 1,424 -4.37 2,689 88.83 -4.4
Subscribers 1,006,253 1,396,693 38.80 1,787,973 28.01 2,168,674 21.29 2,468,059 13.80 25.1

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -43.0 -29.3 - -19.8 - -19.5 - -17.9 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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