BC Pavilion Corporation · 2013. 2. 16. · BC Place ha colades as a fort, the soun d the facility`...
Transcript of BC Pavilion Corporation · 2013. 2. 16. · BC Place ha colades as a fort, the soun d the facility`...
SERVVICE P
LAN 20
013/20
014 to 22015/2
016
CONTENTS Message from Board Chair to Minister Responsible ................................................................................ 3
Organizational Overview ............................................................................................................................. 5
Government’s Letter of Expectations ........................................................................................................ 6
Corporate Governance .............................................................................................................................. 11
Strategic Context ....................................................................................................................................... 13
Internal Operating Environment ............................................................................................................... 13
Economic, Industry and Social Factors Affecting Performance ............................................................... 13
Risks and Opportunities .......................................................................................................................... 15
Operational Capacity ............................................................................................................................... 15
Goals, Key Strategies, Performance Measures and Targets ................................................................. 16
Strategic Goals ...................................................................................................................................... 16
Capital Plan & Major Capital Projects ...................................................................................................... 27
Summary Financial Outlook ..................................................................................................................... 29
Vancouver Convention Centre ................................................................................................................ 31
BC Place Stadium ................................................................................................................................... 32
How to Reach Us ....................................................................................................................................... 33
Messag To the Mi
On behalfService P PavCo’s cVancouveentertainmalso contr This ServiFor the ththrough taway PavC Over the phas switchoverall spservice levSeveral ofteam that For fiscal in how weoperators PavCo hahas receivIn additionsurpassedmajor artisGames, P The VancConventioSpirit AwaaccoladesVenue Ma2011 Inno Although tVancouveThe Convmajor eve
ge from B
inister of Ene
f of the Board lan for the fisc
core businesser Convention ment, sportingribute to the o
ice Plan summree-year plan
argeted markeCo plans to mi
past year conhed from deveending wherevels, and maif our directors has consider
2014, PavCo e provide serv of leading ed
as exceptionalved numerousn to vastly impd expectationssts. Following
PavCo will con
ouver Convenon Centre wasard and a Mees earned by thanagers 2011 ovation Award
the effects of er Convention vention Centreent facilities.
Board Cha
ergy, Mines a
of Directors ocal years 201
is operating a Centre (Conv
g and other evverall well-be
marizes PavCning period, P
eting activitiesnimize our re
struction activelopment to oe possible whintaining our fas have retired able marketin
will focus on vice excellencedge internation
l facilities. Ths industry andproved aesthes and dramatig its success ntinue to aggre
ntion Centre cs honoured wetings Industryhe Convention Venue Excel
d.
the economic Centre has s
e continues to
air to Minis
and Natural G
of B.C. Pavilio3/14 to 2015/
and marketingvention Centrvents generateing of the com
Co’s goals andPavCo`s majos, generate neliance on gov
vities at BC Poperations andle maintainingacilities to ens and new app
ng expertise a
strong markee to our clientnal venues.
he refurbishedd consumer acetics and comically enhancefrom hosting tessively solic
continues to reith the prestigy Marketing An Centre in relence Award
c downturn coshown remarko fill its bookin
ster Resp
Gas:
on Corporatio/16.
g our two iconre). Conventioe significant emmunity.
d priorities to eor focus will beew business, avernment finan
lace have essd marketing. Mg marketing bsure they reta
pointments haand also bring
eting campaigts, so that we
d BC Place haccolades as a
mfort, the souned the facility`the Vancouveit new and ret
eceive internagious ProfessiAward. These cent years, inand the Intern
ontinue to be akable resiliencg calendar de
ponsible
n (PavCo), I a
nic facilities - ons, trade andeconomic ben
enable us to ce to build upoand reduce oncial support.
sentially beenManagement budgets, not cain their reputave been mads operations
gns with contin may retain o
as been operaa major entertnd quality at re`s reputation aer 2010 Winteturning events
ational acclaimional Convent awards comp
ncluding the Innational Asso
a concern for ce in its abilityespite significa
am pleased to
BC Place Stad consumer s
nefits to British
continue to beon our existingur operating c
n completed, a has reviewedcompromisingtation as worldde. The new Binsight to the
nued emphasur reputation
ational for ovetainment and ecent concertas a top-class
er Olympic ans to fill BC Pla
m. The past ytion Managemplement othernternational Aociation of Con
future businey to attract woant competitio
o present Pav
adium and theshows, h Columbia, a
e successful. g business costs. In this
and our focusd and reduced customer d-class venue
Board includes organization.
sis on innovatias owners an
er a year and sporting venu
ts has s venue for d Paralympic ace.
year, the ment Associatr international
Association of ngress Centre
ess, the rldwide eventon from other
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vCo’s
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es. s a
ion nd
ue.
tion's es’
ts.
PavCo’s cfacilities. outside oftrend in ot PavCo hafocus. Thpoint. Weexperienc PavCo wilstanding ameet debt The 2013/Budget Trgovernmewhat has All significconsideremandate aplan haveconditions I look forworganizati
H. Peter FBoard Cha
challenge and There are a nf British Columther jurisdictio
as revisited anhe forecasts ine have made rce and facility
ll work with vaas an entertait obligations.
/14 - 2015/16 ransparency aent's strategic been included
cant assumptid in preparingand goals, an been determ
s, risk assessm
ward to workinon builds its b
Fassbender air
d opportunity inumber of facmbia, the possons to provide
nd revised ourn the Service reasonable ascapacity.
arious stakehonment centre
PavCo Serviand Accounta priorities andd in the plan a
ons, policy deg the plan. Thd focus on as
mined based oment and pas
ng with the Mibusiness and
s to now detectors that contsibility of a sloe incentives to
r strategic goaPlan have bessumptions w
olders to deve and generate
ce Plan was pbility Act and
d fiscal plan. I and how it has
ecisions, evene performanc
spects critical n an assessm
st performance
nister, Board fulfills its man
ermine how toinue to prese
ower than expo attract event
als and measuen prepared u
with respect to
elop surplus se revenues to
prepared und the BC Repo am accountas been reporte
nts and identifce measures p to the organiz
ment of PavCoe.
and PavCo mndate.
o most effectivnt challenges
pected economts.
ures to reflectusing our exis new busines
stadium landso reduce its fu
er my directioorting Principleable for the coed.
fied risks, as opresented arezation’s perfoo’s operating
management o
vely utilize ours, including climic recovery,
t our new corpsting businessss based on p
s which will bonding require
on in accordanes. The plan i
ontents of the
of January 4, e consistent wormance. Theenvironment,
over the next
r iconic ent access fro and a growin
porate busines as a startingrevious
oost BC Placeements and
nce with the s consistent wplan, includin
2013 have bewith PavCo’s e targets in thi forecast
year as the
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om ng
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with g
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Principal scontributintourism anattendees
B.C. Pavilas an ageCorporatio1999. Additional
zational O
lion Corporatig of public facimizing its ownd the Vancouates the East owned subsidi
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ntributes sign and out of pr
ughout British The Conventioand is a catalthering place ment centre th
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stakeholders ong partners tond hospitality s to events an
PavCCommunic
lion Corporatient for the govon registered
l information o
Overview
on (PavCo) hilities. Its facin financial perver Conventio building of theiary of Port M
andate is to geitish Columbia
nificantly to therovince guests Columbia as on Centre is tlyst to generain British Colu
he facility prov
s vision is to b
of PavCo inclo the expande industry; cliend the general
o’s values arecation; Financ
Envir
on was formevernment unde PavCo as a b
on PavCo can
as developedlities are gearrformance. Pon Centre (Coe Conventionetro Vancouv
enerate econoa through prud
e growth of ths to events, m they visit our the provincial
ate spin-off buumbia and in vides support
be the global
ude: the Goved Conventionnts renting sp public who e
e: Quality and cial Responsibronmental Res
ed under the Ber the British business nam
n be found on
d a reputation red to generaavCo owns a
onvention Cen Centre unde
ver. Both facili
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leader in outs
vernment of Cn Centre; busiace for eventnjoy visiting t
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its website at
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dustry. Our vem spend tourisor to and afterconventions, eghout the proveing the forems a venue for
standing venu
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ts; suppliers ohe facilities.
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and Integrity.
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et the requiremented goverort on the comer Conventionm standards aractices to redontinue to imps to further red
ons can be fou
cent GovernmvCo and the S outlined below
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n with tourism ensure consi
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o work with thee the BC Placmance measu market condiakeholders to p and advertishe value from
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und at
ment Letter of Shareholder tow.
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creased represrism businessoratively with formalize plan
e Board and tce Marketing Pures to ensureitions. increase revesing sources. its developab
arbon neutralARTTOOL pronhouse gas est has been bus to seek newuse gas emis
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on Vancouver’e most beautifwntown core. Tnd the stunninnction space, th upwards of
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ment Associati
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2013 with an eother events indditional busin
mpetition to ssignificant ecoent associatio conventions, years.
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was overwhelmfessional. The
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’s waterfront wful settings in The Conventing West build the facility is f 15,000 deleg
inner of the Ine” (2002, 200 a growing poernational indon's Spirit Aw
in attracting obe another strdicine and Mol-Anon’s Fifth
nual Meeting oestimated 9,50n fiscal 2014, ness will cont
secure major conomic activit
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pleased with higher than it
mingly positiveey met all of o
ry Crockett , EPat
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d North Americghlights of majng’s Annual M Convention inan Academy o The Convent
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he past year, tthe prestigioutry Marketing
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States & Caneting, March 2
Convention C to all major vings – the icof 471,000 ft2 (nts as well as
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ons to British conventions ne 2013 with awith an estimaology-Head anwill also welcommeetings, banto maximize s
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Columbia, fisinclude the an estimated
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vention Centreopportunities e following:
asing the profention Centrenuing to deveely targeting gvating new masia market anborating with orting pre- an
formation on
is a year-rounish Columbia’t2 of exhibit sp
ar, BC Place wom around theof British Colu
vated BC Placand industry a has quickly b
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ouver Whitecseveral sellou
nd 2013 will al
ions will returtinue to achieFan and brand working close will continue nships followinn with a numbties to host pr
e is engaged i and optimize
file of the Con product to dilop global ma
groups that coarkets and newd corporate mregional tourisd post- event
the Conventio
nd multipurpos largest and
pace. BC Plac
welcomes moe world. BC Plumbia.
ce re-opened accolades acrbecome the pr
wo of British C.
aps’ second suts in BC Placlso bring oppo
n to BC Placeeve considerad loyalty with ely with BC plits commitmeng the CFL seber of nationarofessional, am
n an extensiv the facility’s u
vention Centrfferentiate itse
arket opportunould hold cityww types of evemeetings sm partners to activities for
on Centre ma
ose venue loca most spectacce is busy with
re than 1 millilace contribut
on Septembeross North Amremiere stadiu
Columbia’s ma
season attracce’s soccer coortunities for t
e for their 60thble success fothe team andace on a num
ent to communeason. Throul and provincimateur and co
ve, sales and utilization for f
re’s brand in telf from its conities wide conventioents to infill w
o market Vandelegates to b
y be found at
ated in the hecular events. Th operations a
ion guests - frtes to the soci
er 30, 2011 tomerica. Hostinum in Canada
ajor sports tea
ted more thanonfiguration. Sthe Whitecaps
h season in thollowing a 20 Lions mercha
mber of attendnity football, hugh PavCo’s sal sport organommunity spo
marketing cafiscal 2014 an
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ons in off-peawith high yield
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mpaign designd into the fut
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d Caribbean Aanuary 2012 sat the final mat-country tourn the stadiummen’s World Cg of the Cana
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arris in Globe a
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or events, Pavs (Goal 3); Le
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st event facilithese facilitiess official supp
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vCo will pursuading Edge F
ans to Addre
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onal market ath facilities are
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Maintain leadine an employe
rmance measct the differen
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mic benefits
exceptional er service
our olders and y partners to e ative efforts events to lities and to Columbia
n leading enue quality ds
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orate profit antional customeakeholders annd to British Cng edge venueer of choice
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evaluate Pavsiness genera
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artners to incre
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Guest satisfactio
Events occurringfacilities that we in partnership wstakeholders
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ative efforts to
acility) are sim
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ate Days
ating overnment
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Applicable Faonvention Centre
16
to
but
acility BC
Place
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busi Purs Dive Rep Incre
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to generate emanagement oand leisure to
om out-of-provprovided by BC
so strives to me on Sharehod pressure on
tegies
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ating a compeking events thking and creainess developsuing global mersifying markpositioning oureasing operat
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the benchmark
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IMIZE CORPO
economic andof public facilitourism industrvince fill hotel C based busi
meet its financolder funding. revenues, wh
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elling vision ahat will generaating high-profpment markets for lonkets to stabilizr facilities to btional efficienc
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k quality standar
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oyee diversity anble workplace c
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GORATE PROFIT
community bties. The evenries, as well as rooms, patronesses and p
cial targets eaClient expecthile facility op
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ng-term growtze long term bbe more flexibcies
rds
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benefits for thents held at ous its trade devnize British C
participate in p
ach year to entations and prerations and
stment in PavC
marketing themum amount oat will promote
th business ble for users
Measures
Employee retent
Employee engag
TE ECONOMIC
e people of Br facilities supvelopment inf
Columbia businpre-and post-e
nsure financiarice-competitioexternal chall
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e Convention of economic be growth and
s Co
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C BENEFITS
ritish Columbpport British Cfrastructure. Onesses, consevent activitie
l sustainabilityon from otherlenges create
, primarily thr
Centre and Bbenefits to ou support for B
Applicable Faonvention Centre
bia, through thColumbia’s Our clients andume goods an
es throughout
y and to minimr venues create upward pres
rough the follo
BC Place r community ritish Columb
17
acility BC
Place
he
d nd the
mize te
ssure
owing:
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7
Strategi Performa Create Ecby organiz
Reporting2012, totaestimatedOutput moLoyalty thaverage ainclude bawithin Met BC Place entertainmThe Econwhich six stadium pmethodoloupon atten2004 Tour Projectionanticipate Increasednon-resideperformanproduct ofhosted at conjunctioVancouve Increasedstadium sfacility becrights. Atteand futureevents tha Compare its reliance
ic Goals (co
ance Measure
conomic Benezers and visito
of economic al benefits from at $698 millioodel. Attendarough surveys
an event attenanquets, meettro Vancouve
contributes toment, cultural omic Planningmonths of eveatrons from oogy derived frndance, evenrism Vancouv
ns for fiscal 20d attendance
d non-residentent delegatesnce indicator ff the number o the Conventioon with HLT Aer Convention
d Attendance aervices, includcomes more aendance for f
e years are deat are expecte
the Corporatee on governmen
ont.)
es and Targe
efit - Economicors at events
benefits for Vm events that on. The benefance data wass with clients
ndee spent $3tings and sper.
owards provinand businessg Group prepaent activity too
out-of-provincerom the BC Stt and revenue
ver survey, up
013 and subse and activity a
t delegate day represents ‘nfor the Conveof non- Britishon Centre. No
Advisory Inc. (T Centre from
at BC Place - ding food andattractive to coiscal 2012 wa
erived from theed to occur.
e operating dent support. It is
ets
c benefit is cain our facilitie
Vancouver Co drew out-of-Bfits were calcus from PavCoand guests.
398 per day inecial events. M
nce-wide econs activity that wares the econok place aftere was estimattats Input-Oute records. Ovpdated using C
equent years at the facilities
ys at the Convnew’ money cntion Centre. h Columbia deon-resident deToronto). Pavoutside of the
Increased attd beverage saorporate spon
as the total repe events alrea
eficit - This coms the total defic
alculated bases.
onvention CenBritish Columbulated using m’s records, anBased on the 2011. Only sMost of the at
nomic activity.would not othnomic benefit r the Stadium ted to be $23 tput model, anernight per diCPI annual ch
have been prs.
vention Centrcoming into Br Non-residenelegates and elegate attendvCo also meae Greater Van
tendance leveales. As the nunsors to purchported by shoady on BC Pla
mpares PavCocit of the Corpo
ed on surveys
ntre was prepabian delegatemethodology dnd spending dese surveys, itsurveyable evttendance from
. The facility perwise take p reports for BC re-opened, to million. This nd by using eem spending
hanges.
repared by Pa
re - As the ecoritish Columbint delegate dathe number o
dance projectsures the tota
ncouver Regio
els at BC Placumber of patrhase interior sow managers.ace’s books a
o`s financial peoration before r
s and estimate
ared by Ipsoses/attendees aderived from
data was comt was determi
vents were incm non-survey
provides a venplace in BritishC Place. For fotal benefits g benefit was cxpenditure es estimates we
avCo manage
onomic benefia, this is an imays (NRDDs) aof days each sions were deval number of vonal District.
ce drives highrons and evensignage and e Projections f
and a forecast
rformance fromreceipt of Gove
es of expendit
s Loyalty. For and exhibitorsthe BC Stats piled by Ipsosned that on
cluded, and diyed events is f
nue for h Columbia. fiscal 2012, ingenerated bycalculated usistimates baseere based on
ement based o
fit generated bmportant are the sum ospends at eveveloped in visitors to
er sales of nts increase, texclusive suppfor fiscal 2013t of future
m year to year, ernment fundin
18
tures
fiscal s was Input-s
d not from
n y ng
ed a
on
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of the ents
the ply 3
and g.
8
Strategi Performan
Impact froEconomic spending bBritish ColuEconomic Conventionvisitors from($ millions)Delegate dCentre by vColumbia (Impact froEconomic spending (
Economic Conventionfrom outsidRegional D
Delegate dGreater VaVancouver(thousands
Total atten(thousands
Corporate governmen
Note: The fColumbia’ aRegional Dis
1 Economic 2 Economic events. For Convention estimates b3 Delegate dmanagemensystem, ten4Attendance5The Corporcontributionsurplus land
ic Goals (co
nce Measure
om out-of provimpact at BC P
by visitors fromumbia ($ millioimpact at Vancn Centre from sm outside of Br) 2 days to Vancouvisitors from ou(thousands)3
om all performimpact at BC P$ millions)1
impact at Vann Centre from ade Greater VanDistrict ($ millio
days for all visitancouver Regior Convention Cs) 3
dance at BC Ps)4
operating deficnt contributions
figures for ‘Econand for ‘Economstrict’ were not a
impact at BC Plaimpact at Vancofiscal 2012 it is bCentre run throy PavCo managedays for attendent system. Deletative bookings e at BC Place is trate operating dns, less total expds at BC Place.
ont.)
vince (non-resPlace from outside of ns)1 couver spending by ritish Columbia
uver Conventioutside of British
mance Place from all
couver all spending ncouver ns) 2
tors outside onal District to
Centre
Place events
cit before s ($ millions)5
omic impact at Vic impact at Vanavailable at the
ace is a sum of douver Conventiobased on spendiough the BC Statement. es at Vancouvergate days for fisand an estimatethe total of annoeficit before govpenses. The defi
Actual
2011/12sident) attend
$
a $
n h
5
$
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6
6
$14.
Vancouver Convncouver Conventtime of publicat
direct, indirect anon Centre is a suming patterns collts Input‐Output m
r Convention Cecal 2013 and one of future bookounced attendanvernment contriicit for fiscal 201
l Forec
2 2012/dance
23 $
xxx $
535
71 $
xxx $
674
646 1
130 $27
vention Centre ftion Centre fromtion.
nd induced spenm of direct, indiected by IPSOS model. Projectio
ntre for fiscal 20nwards are basedings based on prnce by show maibutions is the su15 is reduced as
cast
/13 201
25 $
$ xxx $
352
116 $
xxx $
453
1,245
7.880 $2
rom spending bym all spending fro
nding by non‐BCrect and induceLoyalty and deleons for fiscal 20
012 were actual d on confirmed revious attendanagers for attenum of: sales revea result of plann
Tar
3/14 201
$ 25
$ xxx
425
$ 115 $
$ xxx $
531
1,140
26.046 $
y visitors from oom outside Grea
C residents at eved spending by negate numbers p13 and future ye
days recorded ibookings in the nce statistics. ndance at their eenues, other revned proceeds fro
rgets
14/15 20
$ 29
$ xxx
450
125
$ xxx
562
1,178
10.252
outside of Britishater Vancouver
ents. on‐BC residentsprovided by Vanears are based o
n PavCo’s eventevent managem
events. venues and defeom the dispositi
19
015/16
$ 35
$ xxx
450
$ 136
$ xxx
562
1,285
$23.034
h
s at ncouver on
t ment
erred ion of
9
Strategi
Increasingof attractinclients. Thin British C
Key Strat Ens Prov Ens
Performa
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Performa
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Service Qsatisfactio
1 At Vancouwith the clieon: overall sResults are 2 BC Place wClient Satisfonwards. Dafor the evenResults for t3 Guest satisthe measureestablished
ic Goals (co
g client and gung and produchis will furtherColumbia.
tegies
ure event planvide an excepure PavCo an
ance Measure
Quality Survey on levels and eNegative expeclients, or to g
ance Measure
Quality – ndex Conventi
atisfaction BC P
Quality – Gueston BC Place 3
uver Convention ents’ likelihood tsatisfaction, valucombined to de
was closed for hafaction survey haata from the surnt. Scores will bethe first year of sfaction is a newe is new, forecasin fiscal 2013.
ont.)
PROVID
uest satisfacticing world-clar enable us to
nning and opeptional servicend its supplier
es and Targe
y Scores - Surexpectations.riences can le
guests choosin
Ser
on Centre1
Place 2
t
Centre a Client to rebook and reue for price, builtermine an overalf of fiscal 2012,as been developrveys will measue from a total oupolling will provw measure at BCsts and targets a
GDE EXCEPTIO
ion will not onass events, it w achieve our f
erations are ce culture rs’ staff provid
ets
rveys are cond The event bu
ead to clients ng not to atten
rvice Quality aActual
2011/12
9.0/10
N/A Sth
N/A Sfo
Loyalty Index is ecommend the fding and amenitrall Loyalty Index, so client servicped and will be sure client experieut of 10. As the vide the baseline Place. It will beare under develo
GOAL 2 ONAL CUSTOM
nly elevate Pawill also drivefirst goal of m
client-centric
de seamless, s
ducted with clusiness is ver failing to retund future eve
and Customer Forecast
2012/13
9.0/10
Surveys and schis measure
Surveys and scor this measure
used to measurfacility. The survties, proud to hox that is measure quality was noent to all clientsence from the timeasure is new,e against which fe measured throopment. Criteria
MER SERVICE
avCo’s reputate future attendaximizing eco
superior serv
lients and guery competitivern or not reconts at the faci
r Satisfaction
2013/14
9.0/10
coring criteria a
coring criteria ae
re service qualityvey which is sentold events at thered as a score ouot measured for s who have heldme of booking, , forecasts and tfuture results wiough customer ina for this perform
E
tion as an orgdance levels aonomic and co
ice
ests to determe and attendeeommending ouilities.
Targets
2014/15
9.2/10
are under deve
are under deve
y. This combinet to selected cliee Centre and truut of 10. the year. A com events from Janup to preparatiotargets are undeill be compared.ntercept and onmance measure
ganization capand attract newommunity ben
mine their e satisfaction ur facilities to
2015/16
9.2/10
lopment for
lopment
es overall satisfaents includes queust in the Centre
mprehensive on‐nuary 1, 2013 on of the final bier development.. line surveys. Asare being
20
pable w nefits
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ction estions e.
line
illing
s
0
Strategi
The businthrough hoColumbia benefit froreturn on our facilitieattractiven Key Strat Dev
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1 This represthrough sta
ic Goals (co
ENGAGCOOPE
ness that comeotel occupanc beyond Vanc
om our activitieinvestment, ites to participaness as an ex
tegy
velop and grow
ance Measure
ccurring at ourer of events thour success in.
ncouver Convat are securedon Associationr which PavCo
ce Measure events that are
ed in cooperatiors 1 r Convention C
sents major evekeholders. Data
ont.)
GE OUR STAKEERATIVE EFFO
es from PavCcy; clients’ usecouver beforees and it is tot is also financate in cooperaxcellent place
w collaborativ
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r facilities thathat are attractn working coll
vention Centred in partnershn and the Cano is a co-prom
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GEHOLDERS AORTS TO BRIN
BRITIS
Co’s facilities ge of services and following everyone’s bcially beneficiaative marketin for business
e business re
s
t we secured ited cooperativaboratively to
e, this numbeip, especially
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2011
occur during theof event referral
GOAL 3 ND INDUSTRY
NG EVENTS TSH COLUMBIA
generates enoand supplies;g events. Mabenefit to growal for PavCo a
ng or co-promand tourism.
elationships
in partnershipvely with our v
o build event a
r comprises c with Tourismm Commissio
ual Fore
/12 2012
28 2
e year that werels is kept in the b
Y PARTNERSTO OUR FACILA
ormous econo; and attendeeny owners an
w our businesand others whotion program
p with our stakvarious stakeactivity at our
city-wide convm Vancouver, ton. At BC Pla
ecast
2/13 201
22 5
e booked with thbooking files.
S TO INCREASLITIES AND TO
omic impact toes travelling to
nd operators os. In order to ho benefit from
ms to boost Br
keholders. Thholders and p facilities and
ventions and mthe Vancouve
ace, this numb
Tar
13/14 201
25 6
he assistance of,
SE O
o British Coluo areas of Briof businesses obtain the bem attendanceritish Columbi
rough measupartners, we c throughout B
major special er Hotel ber also includ
rgets
14/15 201
28 7
, or referred to u
21
mbia itish
est e at ia’s
uring can ritish
des
15/16
30 7
us
1
Strategi
PavCo haevent faciresult of oattract new Among its(IAVM), InAssociatiofacilities atheir build The VancstandardsmeasuresEmployeeRelations, BC Place and reducoperability In additionpractices f Key Strat Dete
targ
Enssurp
ic Goals (co
as completed lities in North
our exceptionaw business th
s association mnternational Aon (BOMA). Mand commerciings.
ouver Convens, and in 2011s standards in e Relations, H, Environment
reopened in 2ces energy way of the new in
n to meeting itfor operationa
tegies
ermine best pets against th
ure staff and pass the benc
ont.)
MAINTAIN L
its constructio America. Thal sales effortshroughout the
membershipsssociation of
Members of thal buildings.
ntion Centre’s also achieve 10 key areasealth, Safety,tal Responsib
2011 with a naste. Standardnfrastructure f
ts own targetsal and venue
ractices, prochese standard
service providchmark quality
GEADING EDGE
on and major rough the advs and custom recent econo
s, PavCo beloCongress Ceese associatiMembers con
s West buildined the AIPC Qs, including Cu Security and
bility, Industry
ew infrastructds to maintainform part of th
s for quality stmanagement
cesses and qus for PavCo’s
ders are approy standards
GOAL 4 E VENUE QUA
renovation prvanced techner service sta
omic downturn
ngs to the Intentres (AIPC) ons are ownenvene to impro
ng was construQuality Standaustomer Serv
d Emergency R Relations and
ture that grean the new facihe stadium’s m
tandards, Pav standards.
uality standards facilities to a
opriately train
ALITY STAND
rograms and nical capabilitie
andards, PavCn.
ernational Asand the Build
ers and operaove building q
ucted to LEEDards certificatiovice, Quality oResponse, Fid Supplier Re
tly improves lility and ensurmaintenance
vCo’s facilities
ds for operatioachieve
ned and equip
DARDS
now operateses of these faCo has been a
sociation of Vding Owners Mtors of major quality and se
D Platinum Ceon in the goldf Facilities annancial Integr
elations.
life safety andre maximum p and capital p
s will also me
ons of similar
pped to help P
two of the finacilities and asable to retain
Venue ManagManagement international
ervice standar
ertification d level. This d Operationsrity, Commun
d guest experiperformance rogram.
et best indust
r venues. Iden
PavCo achieve
22
nest s a and
ers
public rds in
, ity
ience
try
ntify
e and
2
Strategi Performa Achievem
PerformancAchievemenfacilities 1
- Vancou- BC Pla
1 As the meadetermine qmeasure itsevent mana
PavCo strour gueststheir workemployer.excellent s We will m Key Strat Prov
Sup
Conachi
Performa EmployeeDuring recschedulesWhile turnspectator average o
ic Goals (co
ance Measure
ment of Quality
ce Measure nt of operationa
uver Conventioace
asure is new, foquality standard performance inagement industr
rives to attracts. Extensive r
k and the obje Engaged emservices, and
onitor employ
tegies
vide clarity aro
port employe
ntinue to suppieve our strate
ance Measure
e Retention – cent years, cos. It is critical tnover of event events, it hasof 73% (Sourc
ont.)
e and Targets
y standards
al standards at
on Centre
recasts and targs against which n fiscal 2014 andy.
t and retain hresearch has sctives of their
mployees will generate new
yee satisfactio
ound goals, o
e diversity an
ort staff deveegic goals
es and Targe
Our facilities aonstruction acto retain as mt staff is highes a higher retece: SHRM Hum
s
Actu
2011t our
gets are under deit will measure i future years. It
GBE AN EMPL
igh quality emshown that enr employers. provide PavCw business an
on, staff devel
objectives and
d develop a f
lopment in req
ets
are home to mctivity at our famany staff as per at BC Placeention rate thaman Capital B
ual Fore
/12 2012
N/A N/A
Qualitdevelo
evelopment. Duits targets, and wt will also compa
GOAL 5 LOYER OF CH
mployees and ngaged and sThey are also
Co’s clients wind also retain
opment and t
d values of Pa
flexible workpl
quired skill ar
many professacilities has repossible, givee as the resultan North AmeBenchmarking
ecast
2/13 201
ty standards anopment for this
ring the final quwill use these stare its results ag
HOICE
through themsatisfied emploo more likely tith excellent s existing clien
the rate of sta
avCo
lace culture
reas, building
ionally trainedesulted in closn that the cost of the cyclica
erican event ag Database 20
Tar
13/14 201
nd scoring crites measure
uarter of fiscal 20andards as a basgainst benchmar
m provide exceoyees are moto continue toservice, and ants.
aff retention.
capacity and
d and skilled esures and disrst of recruitingal nature of thnd entertainm011).
rgets
14/15 201
eria are under
013, PavCo will seline against wrks set througho
eptional serviore committed work for their
assist us to de
motivation to
employees. ruption to eveg is considerahe stadium’s mment industry
23
15/16
which to ut the
ce to d to r
eliver
o
ent ble. major
3
Strategi Employeefeedback conducts fiscal 2014
Performanc
Employee inat BC PlaceEmployee e- score on e- score on eConvention
1 Employee during the fmeasured bduring the ythe current part time hi2Employee sdevelopmenfiscal 2014 a3 All full‐timmeasure emsatisfaction,familiarity wbenefits. Wtaken from employees wCentre withCentre is penorms. Thebenchmark
ic Goals (co
e Engagemento their emplobi-annual em4.
ce Measure
nvolvement - ree 1 engagement employee surveemployee surve Centre3
retention at BC facility closure. by taking the numyear to get the toyear and divideres who attend surveying has nont. New surveys and we will seeke and part‐time mployee ratings , treatment respwith Vancouver CWhere possible, nSynovate’s Natiowho work at lea a broad indicaterforming stronge overall Convenof 3.8.
ont.)
t –Engaged eoyees and as ployee survey
etention of all s
eys BC Place2
eys Vancouver
Place was not mIt was previouslymber of all full aotal number of sd by the numbean orientation bot been undertawill be prepared
k to improve fromemployees at Von: communicatpect and balanceConvention Centnormative scoreonal Workplace ast 30 hours a weor of how its emgly on employeetion Centre Emp
employees hav a result enhays. BC Place w
Actu2011
staff
2 r
measured in fiscay measured in find part time stastaff employed dr of staff employbut do not returnken regularly at d and polling of m this baseline iVancouver Convetion and directioe, organizationaltre’s purpose vas were included Survey which week. The purposmployees compaengagement, wployee Engagem
ve opportunitance their job will develop e
ual Fore/12 2012
N/A N/A
Emplodevelo
4.3/5
al 2011 or fiscal scal 2010 when aff (union and exduring any part oyed during any pn for work are eBC Place. As theemployees will in subsequent yeention Centre aron, managementl satisfaction andalues and servicin this report fo
was conducted ose of these normre against other
with most key meent Index curren
ies to expresssatisfaction.
employee surv
ecast 2/13 201
80% oyee surveys aopment for this
4.4/5
2012, as the evethere was a retxempt) at the staof the year. A stpart of the year excluded from the measure is newcommence in fisears. re invited to partt effectiveness, d commitment, ce standards, andor benchmarkingnline in May 200mative scores is tr Canadian empletrics either meently stands at 4.
s their interes Vancouver Cveys and com
Tar13/14 201
82% and scoring crits measure at B
4.4/5
ent staff were nention rate of 8art of the year, ataff count is perto get the retenhe calculation. w, forecasts andscal 2014. The b
ticipate in emplocommitment to retention and dd job security reg purposes. The08 with 840 Engto provide Vancloyees. The Vanceting or exceedi3 out of 5 – wel
sts, provide Convention Cemmence pollin
rgets 14/15 201
85% teria are under
BC Place
4.4/5
ot working regu3%. Staff retentadding all new hrformed at the ention percentage
d targets are undbaseline will be s
oyee surveys tha results, job development, emuneration ande normative scorglish speaking ouver Conventiocouver Conventing the national l ahead of the in
24
entre g in
15/16
85%
4.4/5
larly ion is hires nd of e. New
der set in
at
d job res are
on ion
ndustry
4
ChangeFebrua
Goal / MeaGoal 1 –Maeconomic
-Economic
-Measure ndays at VanCentre
-Total atten
N/A
Goal 2 – Mclient serv
- Client satilevels at fac
N/A
- Facility ocPlace
es to Goaary 2012 S
asure Februaryaximize reven growth
benefits gener
non-resident dencouver Conve
ndance at BC P
Maintain and invices and satis
isfaction, serviccilities
ccupancy (days
als and PeService Pla
y 2012 Rues and G
pb
rated -soaGD
elegate ention
-dCtoV
Place -
-bc
ncrease sfaction
Gc
ce quality -q
-P
s) at BC -
erformancan
Revised Goal /Goal 1 –Optimprofit and creabenefits
-Economic impspending from outside of Britisand from outsidGreater VancouDistrict
-Measure non-rdelegate days aConvention Ceotal delegate d
outside of the GVancouver Reg
-Total attendan
-Corporate opebefore governmcontributions
Goal 2 – Provicustomer serv
-Client satisfactquality levels at
-Guest satisfacPlace
-Discontinued
ce Measur
/ Measure mize corporateate economic
act from events, from
sh Columbia de of the uver Regional
resident at Vancouver ntre, and also
days from Greater gional District
nce at BC Place
erating deficit ment
de exceptionavice
tion, service t facilities
ction at BC
res Since
Reason foe
In additionseeking topossible, tThis will reGovernmeThe new mtotal econfrom businProvince oimpact of tGreater V
This has bresident dColumbia,from outsiRegional D
e This meas
This new mfinancial pits reliance
al PavCo`s fthat providorganizersWith all mPavCo wilwill encoureturn to oThis meassurveys w
A significaderived froguests at conductedsatisfactioimprove o
Occupancindicate sumeasuresa more acactivities a
Publicatio
or Change n or maximizingo reduce operato optimize proeduce PavCo`sent funding. measures diffeomic impact ofness generatedof British Columthe facilities froancouver Regi
been changed elegate days f, and also the nde of the GreaDistrict
sure is unchang
measure will coperformance froe on governme
facilities compede major incens in order to attajor constructioll provide excerage clients to
our facilities sure is unchang
will be implemen
ant portion of Bom the sale of BC Place. Surd with guests toon, and results our services
cy days were a uccess of BC P
s will now replaccurate indicatioat BC Place.
on of the
g revenues, Paating costs wheofit. s reliance on
rentiate betweef PavCo’s facilid from outside mbia, and also om outside of tional District
to measure norom outside of number of atteater Vancouver
ged
ompare PavCoom year to yeaent support
ete against othetives to event tract their businon activity comptional service book events a
ged, but new gnted at BC Pla
BC Place revenfood and servirveys will be o measure theiwill be used to
measure usedPlace. Goal 1 ce this, and proon of the bene
25
avCo is ere
en the ties of the the the
on- British ndees
r
o`s ar, and
ers
ness. mplete,
that at and
guest ce.
nue is ces to
ir o
d to
ovide fit of
5
Change2012 Se Goal / Mea
Goal 3 - MPavCo Fac
-Achieve ca
Goal 4 – Inlearning an
-Measure reBC Place
s to Goals ervice Plan
asure February
Maintain and imcilities
apital work mile
ncrease innovand growth
etention of eve
and Perfor (cont.)
y 2012 RGspcet-fps
mprove Ges
estones -
-O
ation, Gc
ent staff at -a
-e
rmance Me
Revised Goal /Goal 3 – Engastakeholders apartners to inccooperative efevents to our fto British Colu-Events occurrifacilities that wepartnership withstakeholders
Goal 4 – Maintedge venue qustandards
-Discontinued
-Achievement aOperational St
Goal 5 - Be anchoice
-Measure retenat BC Place
-Measure emplengagement
asures Sin
/ Measure ge our and industry crease fforts to bringfacilities and
umbia ng at our e secured in h our
tain leading uality
against Venue tandards
employer of
ntion of all staff
oyee
nce Publica
Reason fo
In order tobudgets awill reach cooperativfacilities
By measubooked asour major we can evworking wbusiness tthem
This reflecorganizatiactivity to other simi
Major capConventiocomplete
-Quality stPavCo’s vagainst befacilities. Rorder to ta
The goal hthe importand its inflPavCo’s o
f -This meameasuremretention o
-Implemenevent facilsatisfactioto facilitateemployer.
ation of the
or Change o optimize the uand those of ou out to its businvely increase o
uring the numbes a result of coo stakeholders avaluate the suc
with our stakehoto our venues t
cts the transitioon going throu operations andlar venues
pital projects at on Centre and B
tandards can bvenue performaenchmarks for Results will be ake actions to i
has been revistance of emploluence on the a
overall businesasure has beenment of the eveof all staff
ntation of annulities that will m
on and their opie improvement
February
use of our marur partners, Pavness partners tooccupancy at its
er of major eveoperative workand co-promoteccess we have olders to attracthat also benef
on from an gh constructiod competing w
Vancouver BC Place are n
be developed, aance measuredother similar will be reviewemprove quality
ed in order to royee engagemeachievement os objectives
n broadened froent staff retentio
ual surveys at tmeasure emploinions on operat in PavCo as a
26
keting vCo o s
ents k with ers, in
ct fits
n ith
now
and d
ed in y
reflect ent
of
om on to
he two oyees’ ations an
6
Capital
Each facilexpenditu BC Place In Octobetotal capitmaximumnew fixtur$49 million
The capitaplumbing Vancouve The Vancrenewals capital reqCorporatio
l Plan & M
ity has capitares that will m
r 2009, followal budget for of $563 millioes and equipmn less than its
Scope
Phase 1 Inter
Deferred Main
Stadium RetroPhase 1 StrucUpgrades & R
Furniture, Fixt
al plan to sustupgrades; ne
er Convention
ouver Convenand upgradesquirements foon.
Major Capi
l plans which maintain the fa
wing changes the BC Placeon inclusive oment. The pros final approve
ior Renovation
ntenance
ofit: ctural UpgradeRetractable Roo
tures, and Equ
Total
tain BC Placeew event equip
Centre
ntion Centre cs; building sysr upgrades to
ital Projec
provide for oacilities to the
to project sco roof replacem
of interior renooject completeed budget, an
ns
s of
uipment
e includes: roopment and fur
capital plan costems and teco the East buil
cts
ngoing major expectations
ope and desigment and upgovations, majoed on schedund consisted o
Budge
25.00 433.00
of maintenancrniture; and te
onsists of: intechnology upgrding which is
maintenance of their users
gn, Cabinet apgrade project for maintenancle at a cost of
of the followin
et
$ 55.00
40.00
458.00
10.00
$563.00
ce; continuingechnology upg
erior refurbishrades; sustain operated und
e and sustainis.
pproved an incfrom $365 milce, structural f $514 milliong elements (i
Actual Cost
$54.1
40.0
22.7388.6
8.6
$514.1
g electrical, megrades.
hments; furnitunability enhander a lease w
ng capital
crease to the llion to a upgrades, an, which was n $millions):
1
00
70 62
69
12
echanical and
ure and equipcements; andith Canada Pl
27
d
d
pment d lace
7
Capital P
Scope of W
BC Place
Vancouver
Corporate S
1 Capital Pro
Scope of W
BC Place
1The BC Placcontinued t
Plan and M
Work
Convention Ce
Services
ojects for fiscal 2
Work
e Revitalization
ce revitalization hrough spring 2
Major Capita
entre
Total Capital
2014 include $12
Major Ca
Project 1
project was sub012 to wrap up
al Projects
Capital PlActu
2011
$ 2
1
Plan $ 4
2.0 million for th
apital ProjecActu
2011
$ 195
bstantially compthe project.
– (cont.)
lans (in $ milual Fore/12 2012
.111 $ 1
.920 5
0 0
.031 $ 6
he construction o
t Expenditurual Fore/12 2012
5.111 $
lete for the facil
llions) ecast 2/13 201
1.000 $ 15
5.717
0.020
6.737 $ 1
of infrastructure
res (in $ milliecast 2/13 201
7.710 $
lity reopening in
Tar13/14 201
5.8001 $
4.000
0.020
9.820 $
e on BC Place lan
ons) Tar
13/14 201
0 $
n September 201
rgets 14/15 201
3.800 $
4.000
0.020
7.820 $
nds.
rgets 14/15 201
0 $
11. Some works
28
15/16
4.000
4.000
0.020
8.020
15/16
0
s
8
Summa
Financia Five-Year
1 Other revelands in fisc2 These contoperations aContributio3 Business d4 Redevelop5 Amortizati6 Major capfiscal 2012 ainfrastructu
Revenues - Sales
- Other re
- Amortiz Susta DeferTotal reve
Expenses - Cost of - Staffing- Operati- Genera
- Busines- Fees
- Redeve - Loan in
- AmortizTotal ExpNet Incom Governm
DebtRetained deficien
Major capAnnual su
ary Financ
al Forecast
r Financial C
enues include thal 2015. tributions, proviand the renewans for capital assdevelopment exppment costs incluon has increaseital expenditureand fiscal 2013, re on BC Place l
s
evenues 1
zation contribuainingrredenues
sf salesgng
al and adminis
ss developme
elopment 4
terest
zation 5
pensesme (deficit) aftment subsidy
earnings (opency)
pital expendituustaining capi
cial Outlo
t
omparison fo
he sale of rights a
ided by the Minl of capital assetsets are amortizpense for fiscal 2ude the cost of sd in fiscal 2013 fs include approvthe majority of tands.
Fis
utions 2
stration
ent 3
er
erating
ures 6
ital work
ook
or Operation
at BC Place in fis
istry of Energy, Mts. Sustaining cozed over the lifes2013 includes a csale of rights at following renovaved capital projethis was for revi
scal 11/12 Actual
52.480
30.978
15.60434.859
133.921
27.31415.52614.7074.941
2.4212.857
25.0010
39.680132.447
1.474
150.000
27.813
195.1114.031
ns (in $ millio
scal 2012, and an
Mines and Natuontributions are span of the assecost of $2.7 millBC Place, and thations to BC Placects of over $50 talization of BC
Fiscal 12/13
Forecast B
51.120
0.350
14.48442.567
108.521 1
26.62616.26415.7894.884
4.3572.868
2.0000
49.129121.917 1
(13.396) (1
150.000 1
14.417
7.7105.020
ons) - PavCo
n estimate for th
ral Gas, include applied towards
ets. ion to secure righe costs of Empirce. million, plus othPlace. For fisca
Fiscal 13/14
Budget
Fi201Bu
56.360 57
0.100 15
8.977 842.569 4208.006 124
28.292 2915.920 1615.247 154.490 4
1.779 22.403 2
0.500 07.314 7
49.131 4825.075 125
17.069) (1.
48.322 146
(2.652) (3.
12.0007.820 7
Consolidate
he proceeds of t
amounts to covs the cost of Pav
ghts to host an ere Field rental in
her major capital 2014 this is for
iscal 4/15 dget
Fisc2015/1Budg
.882 59.52
.020 1.02
.992 8.97
.198 41.80
.092 111.32
.359 30.10
.175 16.39
.042 15.14
.240 4.06
.261 1.85
.034 2.06
.250 0.25
.231 7.14
.760 48.36
.352 125.38
260) (14.06
.561 144.71
912) (17.97
0.820 8.02
d
the disposition o
ver the cost of vCo’s operations
event in 2014. n fiscal 2012.
al projects. For r construction of
cal 16 et
28
20
720727
07954167
5066
5044
6989
2)
12
4)
020
29
of
s.
f
9
Financia
Key Assu
The Rev
coulEstim
The impland addi9%.
Forecast
Flucout-
Fuewea
Future Fi
Pavmar
Pavunceleve
The excemarimpa
The imprPlacstratentevers
Pavham
Pavredu
al Forecast
umptions
core businesvenue estimateld change if thmates will be forecasts welementing a h executive; reition, PavCo h Service level
Risks and S
ctuations in thof-country bul costs are a m
ather can sign
nancial Outlo
Co has essenketing its two Co recognizeertain in the fu
erage the outs Vancouver Cellence. Contketing campaact. Marketing revitalized B.roved technolce has receivetegies are bei
ertainment evesatility of the sCo is impleme
mper marketingCo is continuiuce reliance o
t (cont.)
ss units are thes are based here are world monitored anre prepared foiring freeze estriction of dis
has undertakels to our client
ensitivities
e value of thesiness attractmajor componificantly add t
ook
ntially complet iconic facilities that global euture. In respostanding reputConvention Cetinued emphaaigns to attracg efforts will a.C. Place is beogy have coned accolades ing implemenents there wilstadium. enting a signig activities aning to pursue
on governmen
e Vancouver on current bod events durinnd adapted asollowing a revxcept for criticscretionary traen an operatints and guests
e Canadian doted to PavCo’nent of facilityo costs during
ted major cones –the Vancoeconomic cononse, PavCo tations and thentre continueasis on and awt internationa
also be taken teginning to re
ntributed to hu from industryted to build onl be an increa
ficant cost rednd does not im development
nt contribution
Convention Cookings and eng the period ts conditions chview of PavCocal operating avel; and limitng cost reviews will not be im
ollar against os facilities.
y operating cog the winter m
nstruction actiouver Convennditions are vois implementie operational
es to receive iwareness of sl business typto diversify theap the benefugely successy and event atn this momen
ased focus on
duction programpair maintent of surplus las.
Centre and BCexpected pick-that impact buhange. o’s operating positions; a sts on office anw to reduce itsmpacted by th
other currencie
osts. Rising fumonths.
vities and thention Centre aolatile and areing new mark capabilities binternational aervice excelle
pes that genee types of eve
fits of its retrofsful concerts ittendees alikentum. In addit attracting spe
am that while nance nds and incre
C Place. -up business.usiness trave
costs. This insalary freeze fnd business es operating coese expenditu
es could affec
uel costs and
e focus is nowand BC Place.e anticipated tketing strategiboth facilities acclaim and aence standardrate significanents held to ofit. Superb acn the last few
e and aggresstion to major secial events t
reducing cos
ease advertisi
These estiml and tourism
ncluded: for manageme
expenses. In osts by a targeure adjustmen
ct the amount
cold winter
w concentratin. to continue toes designed tpossess.
awards for ds will be usednt economic optimize capacoustics and
w months. B.Csive marketingsporting and hat showcase
sts does not
ng revenues t
30
mates .
ent
eted nts.
t of
g on
o be to
d in
city.
C. g
e the
to
0
Vancouv
Revenues - Sales - Amortiz contribTotal reve
Expenses - Cost of - Staffing- Operati- Genera- Busines- Fees
- Corpora - AmortizTotal ExpNet Incom Governm
Annual su
ver Convent
Fiv
s
zation of deferbutions
enues
sf salesgng
al and adminisss developme
ate cost recovzationpensesme (deficit) bement contribut
ustaining capi
tion Centre
ve-Year Fina
FisAc
rred
strationent
veries
foretions
ital work
ancial Compa
scal 11/12 ctual
Fis12Fo
45.185
21.37666.561
24.2057.5689.9643.0530.8520.9870.761
21.52668.916
(2.355)
1.920
arison for Op
scal 2/13 orecast
Fisc13/1Bud
38.521
21.21259.733
20.3587.7729.8892.7381.0960.9221.138
21.51265.425
(5.691)
4.000
perations (in
cal 14 dget
Fisca2014/Budge
43.925 45
21.213 2165.138 66
22.847 237.679 79.479 92.613 21.006 10.613 01.073 0
21.513 2166.823 67
(1.685) (1.
4.000 4
$ millions)
l 15 et
Fiscal 2015/16 Budget
.341 46.20
.320 21.42
.661 67.63
.783 24.25
.833 7.91
.658 9.85
.320 2.11
.026 1.04
.625 0.63
.894 0.89
.620 21.72
.759 68.43
098) (0.80
.000 4.00
02
2830
591151134637942839
9)
00
311
BC Place
1 Operating 2 Other revefrom the sa3 Fiscal 20134 Business d5 Fiscal 2012and the cos6 Amortizati7 Includes ap
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e Stadium
Fiv
revenues for fisenues for fiscal 2le of lands. 3 revenues includevelopment exp2 redevelopment of the sale of ron increased in pproved capital
Revenues
- Sales 1
- Other revenu
- Contribution - Amortization contribution
Total revenues
Expenses- Cost of sales- Staffing- Operating- General and
- Business de- Fees
- Redevelopm- Corporate co- Loan interes
- AmortizationTotal ExpenseNet Income (de
Government c
Major construcAnnual sustain
ve-Year Fina
scal 2012 were lo2012 include the
de a governmenpense for fiscal 2t costs include trights. fiscal 2013 folloprojects of over
ues 2
for Grey Cupn of deferred ns
s
s
administratio
evelopment 4
ent 5
ost recoveriesst
n 6
eseficit) beforecontributions
ction projects ning capital w
ancial Compa
ower due to close sale of rights. O
nt contribution t2013 includes a cthe costs of rent
owing reopeningr $50 million, plu
Fiscal A
7
30
3
135
364
on
250
1862
(11
7 195work 2
arison for Op
sure for 6 monthOther revenues
to assist in securcost of $2.7 millal and maintaini
g of the renovateus other major c
11/12 Actual
Fis12
Forec
7.295 12.
0.325
0 2.
3.438 21.1.058 36.
3.109 6.6.517 7.4.743 5.1.543 1.
1.532 3.1.563 1.
5.001 2.0.761 1.
0
8.109 27.2.878 56.
.820) (19.4
5.111 7.2.111 1.
perations (in
hs due to the facfor fiscal 2015 i
ring an event inion to secure riging the tempora
ed stadium. apital projects.
scal 2/13 cast
Fisc13/1
Budg
.599 12.43
0
.700
.326 21.33
.625 33.77
.268 5.44
.066 6.95
.901 5.76
.791 1.74
.252 0.76
.110 0.97
.000 0.50
.138 1.070 7.31
.588 27.59
.114 58.13
489) (24.36
.710 12.00
.000 3.80
$ millions)
cility renovationnclude the proje
2014. ghts to host an eary sports stadiu
cal 14 et
Fiscal 2014/15 Budget
35 12.541
0 15.000
0 0
36 20.85871 48.399
45 5.57651 7.09068 5.38444 1.787
67 1.22973 0.992
00 0.25073 0.89414 7.231
98 27.12033 57.553
2) (9.154)
00 000 3.800
n. ected proceeds
event in 2014.
um at Empire Fie
Fiscal 2015/16 Budget
13.326
1.000
0
20.35934.685
5.8487.2325.2901.821
0.7981.012
0.2500.8947.144
26.62156.910
(22.225)
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32
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2
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