Page 194 - 2012 Annual Report

194 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 4 BUSINESS SEGMENT PERFORMANCE ANALYSIS
4.2.6. Canal+ Group
(in millions of euros, except for margins)
Year ended December 31,
2012 2011 % Change
% Change at
constant rate
Revenues (a) 5,013 4,857 +3.2% +3.2%
EBITDA 940 913 +3.0% +3.1%
EBITA 663 701 -5.4% -5.3%
EBITA margin rate (%) 13.2% 14.4% -1.2 pt
D8, D17, and “n” integration (including transition costs) (51) -
EBITAexcludingD8, D17, and “n” integration (including transitioncosts) 714 701 +1.9%
Cash flow from operations (CFFO) 476 484 -1.7%
Subscriptions (in thousands)
Pay-TV France (b) 9,680 9,760 -80
Canal+ Overseas (c) 1,683 1,456 +227
Canal+ France 11,363 11,216 +147
Poland (at constant perimeter) and Vietnam 1,882 1,730 +152
Total Canal+ Group at constant perimeter 13,245 12,946 +299
“n” platform in Poland 1,009 na* +1,009
Total Canal+ Group 14,254 12,946 +1,308
Churn, per digital subscriber (Mainland France) 13.6% 12.1% +1.5 pt
ARPU, in euros per subscriber (Mainland France) 48.0 47.5 +1.1%
(a) Includes the D8 and D17 free-to-air channels, consolidated since September 27, 2012, as well as the “n” platform, consolidated since November 30,
2012. The contribution of these entities to Canal+ Group’s revenues amounted to €41 million, since their respective consolidation date. For information,
revenues and EBITA of D8, D17, and “n” amounted to €287 million and -€95 million in 2012, respectively.
(b) Includes subscriptions with commitment at Canal+ and CanalSat, as well as subscriptions with no commitment at CanalPlay Infinity in Mainland
France.
(c) Includes French overseas territories and Africa.