Cable & IPTV - Basic And Non Basic Services - Quebec

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 1,229,910 1,294,352 5.24 1,294,819 0.04 1,329,307 2.66 1,310,977 -1.38 1.6
Connection 9,315 6,301 -32.35 6,204 -1.55 6,403 3.21 12,253 91.36 7.1
Community Channel Sponsorship & Facilities Rental 884 444 -49.80 433 -2.28 629 45.08 90 -85.76 -43.6
Other Revenue 119,499 125,764 5.24 181,213 44.09 216,331 19.38 244,906 13.21 19.7
Total Revenue 1,359,608 1,426,861 4.95 1,482,669 3.91 1,552,669 4.72 1,568,225 1.00 3.6

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 28,542 36,313 27.23 39,278 8.16 39,996 1.83 40,295 0.75 9.0
Affiliation Payments 476,617 500,487 5.01 543,065 8.51 604,470 11.31 612,420 1.32 6.5
Technical 339,577 339,894 0.09 332,300 -2.23 315,458 -5.07 334,618 6.07 -0.4
Sales and Promotion 152,056 155,337 2.16 169,506 9.12 173,160 2.16 165,555 -4.39 2.2
Administration and General 225,570 239,746 6.28 265,187 10.61 269,521 1.63 278,221 3.23 5.4
Total Expenses 1,222,363 1,271,777 4.04 1,349,336 6.10 1,402,605 3.95 1,431,109 2.03 4.0
Operating Income 137,245 155,083 - 133,333 - 150,065 - 137,116 - -
Local Programming Improvement Fund 15,714 11,362 - 6,087 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 559,436 561,795 0.42 601,546 7.08 572,761 -4.79 631,692 10.29 3.1
Total Staff Count (FTE) 7,419.0 7,663.1 3.29 7,939.4 3.61 7,270.0 -8.43 6,934.7 -4.61 -
Avg Remuneration ($) 75,406 73,312 -2.78 75,768 3.35 78,784 3.98 91,092 15.62 4.8
Avg Remuneration excl. Benefits ($) 57,740 58,755 1.76 58,436 -0.54 60,468 3.48 69,347 14.68 4.7

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 2,129,007 2,196,674 3.18 2,266,303 3.17 2,370,665 4.60 2,330,992 -1.67 2.3
Indirect Subscribers 90,879 96,423 6.10 128,696 33.47 122,166 -5.07 237,680 94.55 27.2
Subscribers 2,219,886 2,293,097 3.30 2,394,999 4.44 2,492,831 4.08 2,568,672 3.04 3.7

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 10.1 10.9 - 9.0 - 9.7 - 8.7 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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