TVA Sports

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535429486 TVA Sports Groupe TVA inc. Les Placements Péladeau inc.                                Specialty (category C service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 5,418,437 8,718,098 60.90 10,128,863 16.18 41,618,016 310.89 51,196,780 23.02 75.3
DTH subscriber revenue 2,752,074 4,107,034 49.23 4,509,017 9.79 15,372,046 240.92 10,566,319 -31.26 40.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 2,170,240 1,985,084 -8.53 1,721,933 -13.26 21,123,586 >999± 15,420,473 -27.00 63.3
Other revenue 515,259 209,947 -59.25 200,403 -4.55 3,672,498 >999± 4,447,225 21.10 71.4
Total Revenue 10,856,010 15,020,163 38.36 16,560,216 10.25 81,786,146 393.87 81,630,797 -0.19 65.6
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 24,668,700 26,165,950 6.07 27,785,487 6.19 105,228,662 278.72 104,182,094 -0.99 43.4
Technical 2,631,034 3,999,164 52.00 3,236,432 -19.07 5,298,786 63.72 3,200,707 -39.60 5.0
Sales and Promotion 2,457,465 2,479,552 0.90 1,761,263 -28.97 6,381,645 262.33 4,419,245 -30.75 15.8
Administration and General 1,262,526 993,112 -21.34 1,065,764 7.32 2,310,736 116.81 2,120,529 -8.23 13.8
Total Expenses 31,019,725 33,637,778 8.44 33,848,946 0.63 119,219,829 252.21 113,922,575 -4.44 38.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -20,163,715 -18,617,615 - -17,288,730 - -37,433,683 - -32,291,778 - -
Depreciation 300,000 300,000 0.00 1,500,000 400.00 1,500,000 0.00 1,500,000 0.00 49.5
P.B.I.T. -20,463,715 -18,917,615 - -18,788,730 - -38,933,683 - -33,791,778 - -
Interest Expense 224,887 230,934 2.69 429,002 85.77 295,591 -31.10 0 -100.00 -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 637,161 n/a -
Pre-tax Profit -20,688,602 -19,148,549 - -19,217,732 - -39,229,274 - -33,154,617 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 6,709,864 5,686,972 -15.24 5,644,294 -0.75 73,724,655 >999± 73,355,797 -0.50 81.8
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 17,068,236 19,368,854 13.48 20,656,674 6.65 28,759,244 39.22 30,439,166 5.84 15.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 23,778,100 25,055,826 5.37 26,300,968 4.97 102,483,899 289.66 103,794,963 1.28 44.5
Canadian Programming/Revenue (%) 219.03 166.81 - 158.82 - 125.31 - 127.15 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,576,429 6,317,762 -16.61 6,745,877 6.78 8,090,977 19.94 10,049,653 24.21 7.3
Total Staff Count 67 69 2.99 72 4.35 83 15.28 84 1.20 -
Average Remuneration ($) 113,081 91,562 -19.03 93,693 2.33 97,482 4.04 119,639 22.73 1.4
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,639,336 1,523,946 -7.04 1,668,891 9.51 1,995,904 19.59 1,872,044 -6.21 3.4
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -185.7 -124.0 - -104.4 - -45.8 - -39.6 - -
P.B.I.T. Margin -188.5 -125.9 - -113.5 - -47.6 - -41.4 - -
Pre-tax Margin -190.6 -127.5 - -116.0 - -48.0 - -40.6 - -

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

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

Var = Variation

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