Cable & IPTV - Basic And Non Basic Services - Atlantic

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 380,466 403,616 6.08 424,794 5.25 459,365 8.14 476,598 3.75 5.8
Connection 1,233 1,296 5.05 1,566 20.90 2,620 67.29 2,324 -11.30 17.2
Community Channel Sponsorship & Facilities Rental 172 119 -31.09 115 -3.17 131 14.46 131 -0.05 -6.5
Other Revenue 64,460 59,160 -8.22 57,150 -3.40 41,707 -27.02 43,208 3.60 -9.5
Total Revenue 446,332 464,190 4.00 483,625 4.19 503,824 4.18 522,261 3.66 4.0

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 7,929 9,639 21.57 10,999 14.11 11,545 4.96 10,478 -9.24 7.2
Affiliation Payments 159,336 167,002 4.81 180,856 8.30 208,736 15.42 233,656 11.94 10.0
Technical 48,946 42,946 -12.26 41,186 -4.10 59,954 45.57 36,807 -38.61 -6.9
Sales and Promotion 24,542 24,705 0.66 29,298 18.59 28,105 -4.07 43,344 54.22 15.3
Administration and General 43,273 41,405 -4.32 58,202 40.57 62,883 8.04 113,861 81.07 27.4
Total Expenses 284,026 285,697 0.59 320,542 12.20 371,224 15.81 438,147 18.03 11.5
Operating Income 162,305 178,493 - 163,083 - 132,601 - 84,114 - -
Local Programming Improvement Fund 3,417 2,431 - 1,276 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 122,585 128,027 4.44 123,835 -3.27 132,272 6.81 130,022 -1.70 1.5
Total Staff Count (FTE) 1,935.2 1,922.0 -0.68 1,765.4 -8.15 1,808.0 2.42 1,690.0 -6.53 -
Avg Remuneration ($) 63,346 66,611 5.16 70,148 5.31 73,159 4.29 76,937 5.16 5.0
Avg Remuneration excl. Benefits ($) 55,112 57,143 3.68 60,288 5.51 62,375 3.46 65,147 4.44 4.3

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 559,026 609,737 9.07 592,575 -2.81 597,235 0.79 601,911 0.78 1.9
Indirect Subscribers 14,868 11,041 -25.74 10,742 -2.71 10,987 2.28 11,252 2.41 -6.7
Subscribers 573,894 620,778 8.17 603,317 -2.81 608,222 0.81 613,163 0.81 1.7

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 36.4 38.5 - 33.7 - 26.3 - 16.1 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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