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Summary of the 2015 – 2019 Corporate Plan and 2015 Operating and Capital Budgets

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Summary of the 2015 – 2019 Corporate Plan and 2015 Operating and Capital Budgets Summary of the 2015 - 2019 Corporate Plan SUMMARY OF THE 2015 – 2019 CORPORATE PLAN AND 2015 OPERATING AND CAPITAL BUDGETS Summary of the 2015 - 2019 Corporate Plan TABLE OF CONTENTS EXECUTIVE SUMMARY .............................................................................................................................. 2 1 MANDATE ............................................................................................................................................. 5 2 CORPORATE MISSION, OBJECTIVES AND PROFILE ..................................................................... 5 2.1 Corporate Objectives and Profile .................................................................................................. 5 2.2 Governance and Accountability .................................................................................................... 5 2.3 Audit Regime ................................................................................................................................. 5 2.4 Overview of VIA’s Business .......................................................................................................... 6 2.4.1 VIA Services .......................................................................................................................... 6 2.4.2 Assets Used to Support the Services ................................................................................... 8 3 THE BUSINESS ENVIRONMENT ...................................................................................................... 11 3.1 Current Situation ......................................................................................................................... 11 3.1.1 Markets and Competition .................................................................................................... 11 3.2 Future Trends: Threats and Opportunities .................................................................................. 14 3.2.1 Rail infrastructure access .................................................................................................... 14 3.2.2 Station access ..................................................................................................................... 15 3.2.3 Fleet renewal ....................................................................................................................... 15 3.3 World Developments in Passenger Rail ..................................................................................... 16 4 STRATEGIC DIRECTION ................................................................................................................... 17 4.1 Planned Initiatives in VISION 2020 ............................................................................................. 18 4.2 Key Strategies in VISION 2020 ................................................................................................... 18 4.3 Current Strategies ....................................................................................................................... 20 4.3.1 Marketing initiatives to stimulate growth and revenues ...................................................... 20 4.3.2 Customer Experience (listening to customers’ expectations) ............................................. 20 4.3.3 Station developments .......................................................................................................... 21 5 SAFETY IMPERATIVES ..................................................................................................................... 21 5.1 Overview ..................................................................................................................................... 21 5.2 Barrhaven Area Crossings .......................................................................................................... 22 5.3 New Grade Crossings Regulations ............................................................................................. 22 6 RESULTS OVERVIEW: 2009 TO 2013 .............................................................................................. 23 6.1 Revenues .................................................................................................................................... 23 6.1.1 Train Service Revenue Results ........................................................................................... 23 6.2 Operating Expenses .................................................................................................................... 23 6.3 Capital Expenditures ................................................................................................................... 23 7 RESULTS OVERVIEW: 2014 Outlook ................................................................................................ 24 i Summary of the 2015 - 2019 Corporate Plan 7.1 Revenues .................................................................................................................................... 24 7.2 Operating Expenses .................................................................................................................... 24 7.3 Capital Expenditures ................................................................................................................... 24 8 OVERVIEW OF THE 2015-2019 OPERATING PLAN........................................................................ 25 8.1 Revenues .................................................................................................................................... 25 8.2 Operating Expenses .................................................................................................................... 25 8.3 Capital Expenditures ................................................................................................................... 25 8.4 Additional Requirements for 2015 to 2019 .................................................................................. 26 8.4.1 Ongoing Capital................................................................................................................... 26 8.4.2 Fleet Renewal ..................................................................................................................... 26 8.4.3 Research and Development ................................................................................................ 26 9 HUMAN RESOURCES ....................................................................................................................... 27 9.1 Compensation ............................................................................................................................. 27 9.2 Bill C-60 ....................................................................................................................................... 27 10 FUNDING OVER THE 2015-2019 PLAN PERIOD ............................................................................. 27 11 ISSUES AND MAJOR RISKS ............................................................................................................. 27 11.1 Enterprise Risk Management ...................................................................................................... 28 11.2 VIA’s Key Risks Potentially Affecting Strategic Objectives ......................................................... 28 11.2.1 Safety of Passengers, Employees and the Public .............................................................. 28 11.2.2 Employee Contribution ........................................................................................................ 29 11.2.3 Funding Considerations ...................................................................................................... 29 11.2.4 Revenue .............................................................................................................................. 30 11.2.5 Infrastructure Availability, Reliability and Quality ................................................................ 30 11.2.6 Equipment Quality, Availability and Reliability .................................................................... 31 11.2.7 Information Technology ....................................................................................................... 31 ANNEX 1 – VIA RAIL CANADA FLEET PROFILE ..................................................................................... 33 ANNEX 2 – KEY FINANCIAL TABLES ....................................................................................................... 34 ii Summary of the 2015 - 2019 Corporate Plan EXECUTIVE SUMMARY VIA Mission VIA operates Canada’s national passenger rail service on behalf of the Government of Canada and was established as a non-agent, independent Crown corporation in 1977. Its mandate is to provide a safe, efficient, reliable, cost-effective and environmentally responsible service from coast to coast in both official languages that meets the needs of travelers in Canada. VIA serves over 450 Canadian communities and carried 3.9 million passengers in 2013. VIA Services An active partner in the communities it serves, VIA’s passenger rail business is divided into markets based on geography and category of traveler, although all categories are found in every region. Inter-city travel in the Quebec City-Windsor corridor: In the densely populated areas of Ontario and Québec, VIA trains provide fast, convenient, downtown-to-downtown travel between major urban and suburban centers and communities. Long-distance travel and tourism
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