Private Television - Financial Summary - Ontario

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
24 24 24 24 24

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 106,616,492 100,993,110 -5.27 95,403,338 -5.53 96,214,901 0.85 91,507,106 -4.89 -3.8
National Time Sales 693,780,479 665,109,219 -4.13 628,651,949 -5.48 615,819,711 -2.04 586,377,185 -4.78 -4.1
Network Payments 1,465,000 1,465,000 0.00 1,465,000 0.00 1,342,916 -8.33 0 -100.00 n/a
Infomercials 4,640,575 5,718,024 23.22 6,769,705 18.39 5,598,706 -17.30 6,096,596 8.89 7.1
Syndication-Production 2,980,674 3,662,187 22.86 3,307,088 -9.70 1,047,970 -68.31 641,136 -38.82 -31.9
Local Programming Improvement Fund 20,118,375 13,037,543 -35.20 6,786,080 -47.95 - - - - n/a
Small Market Local Programming Fund - - - - - 2,598,922 - 2,366,583 -8.94 n/a
Government Grants 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 36,261,749 38,295,663 5.61 37,484,761 -2.12 30,181,541 -19.48 28,437,620 -5.78 -5.9
Total Revenue 865,863,344 828,280,746 -4.34 779,867,921 -5.84 752,804,667 -3.47 715,426,226 -4.97 -4.7

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 643,622,807 617,924,551 -3.99 620,206,984 0.37 600,653,046 -3.15 560,426,674 -6.70 -3.4
Technical 29,187,634 29,183,313 -0.01 29,224,896 0.14 28,817,450 -1.39 27,020,693 -6.23 -1.9
Sales and Promotion 83,986,683 68,370,454 -18.59 73,460,554 7.44 70,002,012 -4.71 67,103,363 -4.14 -5.5
Administration and General 72,265,784 75,830,332 4.93 70,984,947 -6.39 74,176,910 4.50 64,026,862 -13.68 -3.0
Total Expenses 829,062,908 791,308,650 -4.55 793,877,381 0.32 773,649,418 -2.55 718,577,592 -7.12 -3.5
Operating Income (Loss) 36,800,436 36,972,096 - -14,009,460 - -20,844,751 - -3,151,366 - -
Depreciation 47,600,883 47,696,246 0.20 51,270,515 7.49 38,395,712 -25.11 38,996,102 1.56 -4.9
P.B.I.T. -10,800,447 -10,724,150 - -65,279,975 - -59,240,463 - -42,147,468 - -
Interest Expense 2,746,025 4,526,712 64.85 4,751,593 4.97 2,673,317 -43.74 2,916,014 9.08 -
Adjustments Gain (Loss) -8,124,663 -26,042,747 - -52,630,380 - -3,006,482 - 153,449 - -
Pre-tax Profit -21,671,135 -41,293,609 - -122,661,948 - -64,920,262 - -44,910,033 - -

Canadian Programming Expenses (CPE)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 225,305,194 193,946,777 -13.92 201,594,771 3.94 224,235,470 11.23 214,505,250 -4.34 -1.2
CPE / Revenue (%) 26.0 23.4 - 25.8 - 29.8 - 30.0 - -

Programming and Production (%)
2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 77.6 78.1 78.1 77.6 78.0
Prog-Prod Expense/Revenue Total 74.3 74.6 79.5 79.8 78.3

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 193,241,948 187,772,231 -2.83 194,443,850 3.55 195,895,491 0.75 179,897,520 -8.17 -1.8
Total Staff Count 2,151.9 2,028.5 -5.73 2,041.0 0.61 1,995.3 -2.24 1,820.5 -8.76 -
Avg Remuneration ($) 89,799 92,566 3.08 95,271 2.92 98,179 3.05 98,817 0.65 2.4
Avg Remuneration Without Fringe Benefits ($) 79,753 81,706 2.45 84,004 2.81 85,792 2.13 86,161 0.43 2.0

Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 4.3 4.5 -1.8 -2.8 -0.4
P.B.I.T. Margin -1.2 -1.3 -8.4 -7.9 -5.9
Pre-tax Margin -2.5 -5.0 -15.7 -8.6 -6.3

CAGR = Compound Annual Growth Rate

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

Var = Variation

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