Private Television - Financial Summary - Atlantic

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
8 8 8 8 8

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 21,927,941 23,085,996 5.28 23,068,317 -0.08 23,074,293 0.03 19,504,926 -15.47 -2.9
National Time Sales 42,081,279 39,812,682 -5.39 38,257,607 -3.91 41,210,452 7.72 42,691,358 3.59 0.4
Network Payments 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Infomercials 138,186 190,813 38.08 246,388 29.13 202,149 -17.96 351,973 74.12 26.3
Syndication-Production 135,986 309,110 127.31 408,155 32.04 88,777 -78.25 63,581 -28.38 -17.3
Local Programming Improvement Fund 6,498,742 3,757,123 -42.19 2,001,490 -46.73 - - - - n/a
Small Market Local Programming Fund - - - - - 543,360 - 552,977 1.77 n/a
Government Grants 0 0 n/a 320,105 n/a 55,272 -82.73 0 n/a n/a
Other Revenue 2,863,640 2,791,230 -2.53 3,433,552 23.01 3,476,148 1.24 2,697,757 -22.39 -1.5
Total Revenue 73,645,774 69,946,954 -5.02 67,735,614 -3.16 68,650,451 1.35 65,862,572 -4.06 -2.8

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 57,964,260 58,426,709 0.80 58,898,989 0.81 58,080,719 -1.39 58,121,294 0.07 0.1
Technical 3,833,916 3,964,498 3.41 3,689,958 -6.92 3,724,254 0.93 3,712,183 -0.32 -0.8
Sales and Promotion 8,009,196 8,256,355 3.09 8,014,886 -2.92 7,676,241 -4.23 7,715,223 0.51 -0.9
Administration and General 9,842,140 8,806,914 -10.52 9,211,058 4.59 10,969,081 19.09 9,413,019 -14.19 -1.1
Total Expenses 79,649,512 79,454,476 -0.24 79,814,891 0.45 80,450,295 0.80 78,961,719 -1.85 -0.2
Operating Income (Loss) -6,003,738 -9,507,522 - -12,079,277 - -11,799,844 - -13,099,147 - -
Depreciation 3,107,401 3,126,507 0.61 3,109,907 -0.53 2,957,121 -4.91 3,162,003 6.93 0.4
P.B.I.T. -9,111,139 -12,634,029 - -15,189,184 - -14,756,965 - -16,261,150 - -
Interest Expense 58,690 133,034 126.67 147,851 11.14 170,312 15.19 158,970 -6.66 -
Adjustments Gain (Loss) -631,731 1,352,164 - -6,421,511 - -957,151 - 174,301 - -
Pre-tax Profit -9,801,560 -11,414,899 - -21,758,546 - -15,884,428 - -16,245,819 - -

Canadian Programming Expenses (CPE)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 24,221,814 22,851,058 -5.66 24,029,627 5.16 24,524,461 2.06 26,258,992 7.07 2.0
CPE / Revenue (%) 32.9 32.7 - 35.5 - 35.7 - 39.9 - -

Programming and Production (%)
2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 72.8 73.5 73.8 72.2 73.6
Prog-Prod Expense/Revenue Total 78.7 83.5 87.0 84.6 88.2

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 22,403,580 22,827,632 1.89 23,520,616 3.04 24,603,156 4.60 22,697,104 -7.75 0.3
Total Staff Count 286.6 283.9 -0.94 290.8 2.43 279.7 -3.79 263.2 -5.90 -
Avg Remuneration ($) 78,184 80,421 2.86 80,894 0.59 87,953 8.73 86,229 -1.96 2.5
Avg Remuneration Without Fringe Benefits ($) 66,953 68,384 2.14 68,650 0.39 74,273 8.19 73,152 -1.51 2.2

Profitability (%)
2012 2013 2014 2015 2016
Operating Margin -8.2 -13.6 -17.8 -17.2 -19.9
P.B.I.T. Margin -12.4 -18.1 -22.4 -21.5 -24.7
Pre-tax Margin -13.3 -16.3 -32.1 -23.1 -24.7

CAGR = Compound Annual Growth Rate

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

Var = Variation

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