188
Annual Report -
2013
-
Vivendi
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
4
SECTION 4 - Business segment performance analysis
4.2.
Comments on the operating performance of business segments
4.2.1.
Canal+ Group
(in millions of euros)
Year ended December 31,
2013
2012
% Change
% Change at
constant rate
Pay-TV in Mainland France
3,544
3,593
-1.4%
-1.4%
International Pay-TV
(a)
1,122
890
+26.1%
+27.1%
Free-to-air TV in France
(b)
172
64
x
2.7
x 2.7
Studiocanal
473
466
+1.5%
+2.9%
Total Revenues
5,311
5,013
+5.9%
+6.2%
EBITDA
905
940
-3.7%
-3.6%
EBITA
611
663
-7.8%
-7.9%
Transition costs
(50)
(11)
EBITA excluding transition costs
661
674
-1.9%
-2.0%
Cash flow from operations (CFFO)
478
476
+0.4%
Cash flow from operations (CFFO) excluding transition costs
528
499
+5.8%
Subscriptions
(in thousands)
Pay-TV in Mainland France
(c)
9,534
9,719
-185
International Pay-TV
5,137
4,735
+402
Total Canal+ Group
14,671
14,454
+217
Individual subscribers
(in thousands)
Pay-TV in Mainland France
6,091
6,117
-26
International Pay-TV
4,352
4,077
+275
Total Canal+ Group
10,443
10,194
+249
Churn, per individual subscriber with commitment (Mainland France)
14.9%
13.8%
+1.1 pt
Net ARPU, in euros per individual subscriber with commitment
(Mainland France)
44.2
43.2
+2.3%
(a)
Relates to pay-TV operations in French overseas territories, Africa, Vietnam, and Poland (whose “n” platform has been consolidated since
November 30, 2012).
(b)
Includes the free-to-air channels D8 and D17, consolidated since September 27, 2012, as well as i>Télé and advertising activities outside of the
group’s scope.
(c)
Includes individual and collective subscriptions with commitment and without commitment (Canal, Canalsat and Canalplay).
