FINANCIAL REPORT 2012 · To obtain additional copies of this financial report, please call us at...
Transcript of FINANCIAL REPORT 2012 · To obtain additional copies of this financial report, please call us at...
FINANCIAL REPORT 2012 ACCESUM INC. AND SOCIÉTÉ EN COMMANDITE STATIONNEMENT DE MONTRÉAL
Board of Directors
ACCESUM INC. AS GENERAL PARTNER FOR SOCIÉTÉ EN COMMANDITE STATIONNEMENT DE MONTRÉAL
Rémi Racine 3 President and Chief Executive Officer Behaviour Interactif Chair of the Board of Directors Accesum Inc. Lise Aubin 2, 3 Vice‐President, Operations and Administration Board of Trade of Metropolitan Montréal
Benoit Bessette 1, 3 Vice‐President, Marketing Camoplast Solideal
Claude Carette 1, 3 Director, Transportation Department City of Montreal Marie‐Claude Gévry 2, 3 Partner – Strategic Counsel Group Raymond Chabot Grant Thornton Me André Goyer 1, 3 Executive Vice‐President and Chief Legal Officer ACCEO Solutions Inc. Robert Lamontagne 2, 3 City Manager City of Montreal Pierre LeBlanc 1,3 Director and head volunteer Fondation du maire : le Montréal inc. de demain
1. Governance and Human Resources Committee 2. Finance and Audit Committee 3. Strategy Committee (ad hoc)
Our mission Since its creation in 1995, Société en commandite Stationnement de Montréal (the “Company”) has been a leading player in the development of operational solutions for urban travel. Originally founded to ensure the optimal management of municipal paid on‐street and off‐street parking, the Company was quickly recognized for its innovation, its advantageous use of cutting‐edge technologies and the harmonious integration of its installations into the urban landscape. Do you know Accesum Inc.? Stationnement de Montréal is a subsidiary of the Board of Trade of Metropolitan Montréal. By its very nature, the Company has no board of directors. Accesum Inc., its general partner, acts on behalf of Stationnement de Montréal. The Board of Trade of Metropolitan Montréal is the limited partner of Accesum Inc.
Accesum Inc.
Limited Partnership
Stationnement de Montréal
(Limited Partnership)
Board of Trade of Metropolitain Montréal
2012 Highlights
18,351 paid on‐street parking spaces
3,309 spaces in 35 parking lots
582 new paid on‐street parking spaces in Pay and Go format for the Parcojour project
1,499 on‐street and off‐street pay stations and 1,159 electronic parking meters
27,962 parking permits issued
1,985,891 transactions per month on average:
39% were credit card transactions
12% of which were completed using the P$ Mobile Service app
104,473 users registered to the P$ Mobile Service app
CHAIRMAN’S MESSAGE
I am thrilled to present Stationnement de Montréal’s (the “Company”) achievements in 2012, along with its outlooks. In 2012, with the management team’s assistance, we focused on realizing the objectives laid out within the 2012‐2015 strategic plan.
As a result, we stressed that our priorities would be to identify technological breakthroughs to enhance satisfaction and the parking experience among users, as well as analyze the opportunities and feasibility to expand the parking offering in higher‐traffic sectors of Montréal’s downtown area. I am pleased to confirm that we have worked tirelessly on these ambitious development projects.
Among its achievements, the Company provided on‐street parking users with a cutting‐edge service to pay for their parking: “P$ Mobile Service”. In collaboration with TC Media, this solution proved most welcome, representing over 10% of all payment transactions. Furthermore, P$ Mobile Service was named among 2012’s top 10 apps by newspaper La Presse, and received a Mobiz Award, a prestigious recognition in the field of digital technology.
We also worked on a feasibility study to offer an underground parking solution in downtown’s high‐traffic areas. Studies are ongoing to identify favourable and viable strategic locations, including areas under thoroughfares.
With the aim of creating on‐street parking availability during rush hour, the Company conducted preliminary analyses of usage‐based rates. We worked on various on‐street rate modulation scenarios, based on supply and demand, in order to propose a fair rate for a given parking space. To this end, assuming City Council approval, we plan to roll out a pilot project over the upcoming months to flesh out the future program’s parameters.
We also began researching a solution to enable drivers to determine the amount of parking spaces available on a stretch of a given street using the web or their smartphones.
Aside from these projects that have helped make the Company known on the metropolitan scene, I would like to share some highlights regarding our financial statements.
In 2012, the Company contributed a total of $44.4 million to the City of Montréal in the form of taxes, rents, permits, debenture interest, compensation and royalties. Since its creation in 1995, Stationnement de Montréal has contributed a cumulative amount of $409.4 million to the City of Montréal, in addition to the initial payment of $56.8 million, for a total amount of $466.2 million.
In accordance with the concession agreement granted to it in 1995, the Company has remitted an annual amount of $400,000, as agreed, to the Board of Trade of Metropolitan Montreal.
The Company has always given considerable attention to the social value of staying in school. In addition to welcoming young interns every summer under Montréal Relève 3’s Student Business program, the Company contributes $600,000 annually to the organization, which is then invested directly in the next generation of Montrealers.
Since 1995, the Company’s mission has consisted in ensuring optimal management of paid municipal on‐street and off‐street parking. We therefore continue to collaborate with our
various partners, such as the City of Montréal and the Board of Trade of Metropolitan Montreal, as well as lend a hand to the boroughs with regard to parking matters.
Most of the directors at Accesum Inc., general partner of the Company, and myself have been pursuing our mandate for over two years, and we can earnestly state that ensuring good governance in compliance with current standards remains a core priority.
In conclusion, I would like to emphasize the invaluable support of the members of the Board of Directors, who devoted considerable time and effort to ensuring proper governance of the Company. I would also like to thank General Manager Charles Auger and the management team for their commitment toward the Company and our fair City of Montréal. On behalf of Accesum’s directors and the Company’s management team, I would also like to thank all the employees who, through their skill and determination, enabled the organization to carry out all these projects in line with its mission. I am confident that the years to come will give rise to innovative projects.
Rémi Racine Chairman of the Board of Directors Accesum Inc.
To obtain additional copies of this financial report, please call us at 514 868‐3731. Pour obtenir des exemplaires additionnels de ce rapport financier, veuillez communiquer avec nous en composant le 514 868‐3731. Accesum Inc. and Société en commandite Stationnement de Montréal 640, Saint‐Paul Street West, Suite 200, Montréal (Quebec) H3C 1L9 www.statdemtl.qc.ca ISBN 978‐2‐922594‐29‐4 Legal deposit, June 2013 Bibliothèque nationale du Québec Printed in Canada