DTH - 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 2,492,425 2,472,190 -0.81 2,193,261 -11.28 2,093,786 -4.54 1,989,111 -5.00 -5.5
Connection 1 0 n/a 16,259 n/a 17,289 6.33 15,373 -11.08 996.1
Other Revenue 2 6 306.53 204,305 n/a 177,459 -13.14 145,142 -18.21 n/a
Total Revenue 2,492,427 2,472,196 -0.81 2,413,826 -2.36 2,288,534 -5.19 2,149,627 -6.07 -3.6

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 12 20 56.92 0 n/a 0 n/a 0 n/a n/a
Affiliation Payments 812,191 794,029 -2.24 809,412 1.94 786,185 -2.87 767,395 -2.39 -1.4
Technical 403,473 383,546 -4.94 379,603 -1.03 324,854 -14.42 223,207 -31.29 -13.8
Sales and Promotion 182,485 143,953 -21.12 139,495 -3.10 114,086 -18.21 99,939 -12.40 -14.0
Administration and General 344,940 324,371 -5.96 312,576 -3.64 430,053 37.58 389,027 -9.54 3.1
Total Expenses 1,743,102 1,645,918 -5.58 1,641,085 -0.29 1,655,178 0.86 1,479,567 -10.61 -4.0
Operating Income 749,326 826,278 - 772,741 - 633,356 - 670,060 - -
Local Programming Improvement Fund 37,973 24,923 - 12,360 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 188,871 183,103 -3.05 161,766 -11.65 113,352 -29.93 101,218 -10.70 -14.4
Total Staff Count (FTE) 2,098.0 1,973.0 -5.96 1,840.0 -6.74 1,596.0 -13.26 1,319.0 -17.36 -
Avg Remuneration ($) 90,024 92,804 3.09 87,917 -5.27 71,022 -19.22 76,738 8.05 -3.9
Avg Remuneration excl. Benefits ($) 80,669 82,525 2.30 75,539 -8.46 60,712 -19.63 66,521 9.57 -4.7

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Subscribers 2,825,677 2,691,204 -4.76 2,558,958 -4.91 2,375,208 -7.18 2,205,928 -7.13 -6.0

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 30.1 33.4 - 32.0 - 27.7 - 31.2 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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