Private Television - Financial Summary - Québec

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 23 23 23 23 24

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 79,245,306 82,538,492 4.16 87,665,418 6.21 84,526,532 -3.58 86,324,511 2.13 2.2
National Time Sales 163,721,598 158,903,521 -2.94 152,042,598 -4.32 132,041,089 -13.16 123,886,964 -6.18 -6.7
Network Payments 109,642,171 109,978,557 0.31 108,995,382 -0.89 109,348,128 0.32 102,565,740 -6.20 -1.7
Infomercials 8,141,204 6,756,369 -17.01 7,732,683 14.45 6,272,621 -18.88 4,963,178 -20.88 -11.6
Syndication-Production 9,185,817 8,623,424 -6.12 7,441,505 -13.71 7,468,281 0.36 7,169,577 -4.00 -6.0
Local Programming Improvement Fund 14,453,703 14,201,917 -1.74 9,155,553 -35.53 5,047,309 -44.87 n/a n/a
Small Market Local Programming Fund 1,903,367 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 213,409 n/a n/a
Other Revenue 45,084,259 55,074,048 22.16 56,455,484 2.51 46,544,163 -17.56 44,286,013 -3.19 0.0
Total Revenue 429,474,058 436,076,328 1.54 429,488,623 -1.51 391,248,123 -8.90 371,312,759 -5.10 -3.6

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 251,508,756 262,492,771 4.37 258,787,456 -1.41 263,002,357 1.63 244,044,565 -7.21 -0.8
Technical 18,196,512 22,729,371 24.91 23,306,447 2.54 22,875,947 -1.85 22,710,919 -0.72 5.7
Sales and Promotion 56,015,622 62,372,153 11.35 53,934,769 -13.53 53,099,800 -1.55 55,719,928 4.93 -0.1
Administration and General 50,390,593 38,801,956 -23.00 46,706,073 20.37 42,143,239 -9.77 38,232,612 -9.28 -6.7
Total Expenses 376,111,483 386,396,251 2.73 382,734,745 -0.95 381,121,343 -0.42 360,708,024 -5.36 -1.0
Operating Income 53,362,575 49,680,077 46,753,878 10,126,780 10,604,735
Depreciation 18,172,574 21,578,717 18.74 22,590,004 4.69 22,306,908 -1.25 22,399,204 0.41 5.4
P.B.I.T. 35,190,001 28,101,360 24,163,874 -12,180,128 -11,794,469
Interest Expense 5,847,888 5,877,171 0.50 6,234,691 6.08 5,168,398 -17.10 3,775,061 -26.96
Adjustments Gain(Loss) 2,420,479 -17,071,460 1,025,735 -32,974,286 -63,778,349
Pre-tax Profit 31,762,592 5,152,729 18,954,918 -50,322,812 -79,347,879

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 66.9 67.9 67.6 69.0 67.7
Prog Expense/Revenue Total 58.6 60.2 60.3 67.2 65.7

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 132,961,254 138,692,011 4.31 140,326,989 1.18 137,124,284 -2.28 149,078,299 8.72 2.9
Total Staff Count 1,680.4 1,683.4 0.18 1,627.6 -3.31 1,555.6 -4.42 1,458.1 -6.27
Avg Remuneration ($) 79,125 82,388 4.12 86,216 4.65 88,147 2.24 102,243 15.99 6.6
Avg Remuneration Without Fringe Benefits ($) 66,860 69,035 3.25 70,678 2.38 71,094 0.59 84,557 18.94 6.1

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 12.4 11.4 10.9 2.6 2.9
P.B.I.T. Margin 8.2 6.4 5.6 -3.1 -3.2
Pre-tax Margin 7.4 1.2 4.4 -12.9 -21.4

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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