Cogeco 2015 Annual Report Download - page 5

COGECO CABLE INC. 2015
Dear fellow shareholders:
ForCogecoCableInc.(“CogecoCable”orthe“Corporation”),
scal 2015 was a year where we continued to build from
oursolidfoundationtofurtherenhanceandexpandonour
positioning in all of our markets. By maintaining rigorous
costcontroldisciplineinhowweleverageourspending,we
achievedcontinuedgrowthandprotability,whileremaining
opportunisticandfurtherstrengtheningourabilitytocreate
valueintheyearsahead.
Consolidated revenue increased by 4.9% in scal 2015 to
$2.0billion,whileadjustedEBITDAreached$930.5million,
upby4.2%.Protfortheyearamountedto$257.8millionand
theCorporationgeneratedfreecashowof$286.0million.
Dividends paid to our shareholders increased by 17.0% to
$68.4million.Weendedthescalyearinastrongnancial
positionandthevalueofCogecoCable’sstockroseby6%
inscal2015.
Oursteadyperformanceinscal2015waslargelybolsteredby
theverysolidresultsofourAmericancableservicessegmentas
well as effective cost control in our three operating segments:
Canadiancableservices,AmericancableservicesandEnterprise
dataservices.In2015,wecontinuedtodemonstrateourability
togrowprotablyandadaptourproductandserviceofferings
andourstructuredespitethechallengespresentinourmarkets,
where we face intense competition from existing and new
players, changing market dynamics and rapid technological
advancements. We continue to expand and strengthen our
presence in the North American cable market, most notably
throughasecondacquisitionintheUnitedStates.IntheEnterprise
data services segment, we have combined our business
units and product offerings, positioning ourselves to increase
operationalefcienciesandleveragethe globalfootprint.Inall
ouroperatingsegments,oursolidmanagementteamsstriveto
furtherstrengthenandenhanceourmarketposition.
INITIATIVES
Despite the intense competition that has continued to dene
thecableindustryforthepastseveralyears,wehavecontinued
to demonstrate our ability to understand the needs of our
customers, offeringthem the leading-edgeservicesand solutions
andsuperior customerservicetheyexpectanddeserve.Inour
Enterprise data services segment, we continue to evolve our
product offering and business model to adapt to the changes
in technology, markets and customer needs. The following are
examples of initiatives and achievements from our operating
segments that demonstrate Cogeco Cable’s capacity to adapt
tofulllcustomers’needsandcreatevalueforitsshareholders.
Canadian cable services segment
OnNovember3,2014andonMarch30,2015,theCorporation’s
subsidiary, Cogeco Cable Canada, ofcially launched TiVo’s
digital advanced video services in Ontario and Québec,
respectively. TiVo is the leader in advanced video services,
providing TV viewers with simple universal search, discovery,
viewing and recording from any device, integrating linear,
recordedandover-the-top(“OTT”)content,creatingtheultimate
viewing experience. These signicant launches represent the
completion of TiVo deployment in both our Canadian and
Americanfootprints.
For the sixth year in the last eight, Cogeco Cable Canada was
awarded two “Voice of Customer Excellence Awards” by the
Service Quality and Measurement Group, including winner
of its North American Call Center Award for the highest level

“In fiscal 2015, Cogeco Cable Inc. remained on its
path of continued growth, building on its robust
foundation. This was a year for both consolidation on
many fronts, and for seizing opportunities for growth,
enhancing and improving our positioning in our markets.
We are dedicated to increasing shareholder value
and consequently, our focus remains on optimizing
profitability while efficiently managing capital to secure
future growth.”
Jan Peeters
ChairmanoftheBoard
a year for Consolidation and
buildinG on our strenGths
messaGe
to shareholDers