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Friday, February 19, 2016
1.3.1 Canal+ Group
Year ended December 31,
% Change at
constant currency
% Change at
and perimeter (a)
(in millions of euros) 2015 2014 % Change constant currency
Pay-TV in Mainland France 3,383 3,454 -2.1% -2.1% -2.1%
Of which Canal+ channels (b) 1,743 1,779 -2.0% -2.0% -2.0%
Free-to-air TV in Mainland France 203 196 +3.3% +3.3% +3.3%
International Pay-TV 1,364 1,273 +7.2% +6.2% +4.7%
Poland 500 515 -2.8% -2.5% -2.5%
Overseas 413 406 +1.7% +1.9% +1.9%
Africa 400 312 +28.2% +26.1% +20.0%
Vietnam 51 40 +29.3% +11.1% +11.1%
Studiocanal 563 533 +5.7% +2.3% +2.3%
Total Revenues 5,513 5,456 +1.1% +0.5% +0.2%
Income from operations 542 618 -12.2% -12.3% -13.1%
Income from operations' margin 9.8% 11.3% -1.5 pt
Charges related to equity-settled share-based
compensation plans
(3) (3)
Other special items excluded from income from operations
(including transition and restructuring costs) (85) (32)
EBITA 454 583 -22.1% -22.2% -23.0%
EBITA margin 8.2% 10.7%
Of which Canal+ channels' EBITA (b) (264) (188)
Canal+ Group's Pay-TV
Individual subscribers (in thousands)
Mainland France 5,746 6,062 -316
International 5,495 4,986 +509
Poland 2,119 2,146 -27
Overseas 499 494 +5
Africa 2,073 1,552 +521
Vietnam 804 794 +10
Total Canal+ Group 11,241 11,048 +193
Subscriptions (in thousands)
Mainland France (c) 9,072 9,463 -391
Subscriptions with commitment (d) 8,459 8,864 -405
Canalplay subscriptions (e) 613 599 +14
International 6,677 5,886 +791
Total Canal+ Group 15,749 15,349 +400
Mainland France Pay-TV
Churn, per individual subscriber with commitment 14.9% 14.5% +0.4 pt
Net ARPU, in euros per individual subscriber with commitment 44.7 44.0 +1.6%
Mainland France Free-to-air TV's audience shares (f)
D8 3.4% 3.3% +0.1 pt
D17 1.2% 1.2% -
i>Télé 1.0% 0.9% +0.1 pt
Total 5.6% 5.4% +0.2 pt
a. Constant perimeter reflects the impact of the acquisition of Thema on October 28, 2014.
b. Relates to the six premium channels: Canal+, Canal+ Cinéma, Canal+ Sport, Canal+ Décalé, Canal+ Family and Canal+ Séries. In 2013
and 2012, Canal+ channels’ revenue amounted to €1,832 million and €1,840 million, respectively, and its EBITA to -€130 million and
-€21 million, respectively.
c. Includes individual and collective subscriptions.
d. 9,199 thousand subscriptions with commitment (Canal+ and Canalsat) as of December 31, 2013, and 9,563 thousand as of December 31,
2012.
e. 335 thousand Canalplay subscriptions as of December 31, 2013, and 156 thousand as of December 31, 2012.
f. Source: Médiamétrie. Population four years and older.
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi / 13