Fairchild TV

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
314600560 Fairchild TV Fairchild Television Ltd. Fairchild Property Group Ltd. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 11,179,071 11,250,287 0.64 11,201,075 -0.44 10,934,901 -2.38 10,574,431 -3.30 -1.4
DTH revenue 3,566,210 3,491,139 -2.11 3,299,153 -5.50 2,959,812 -10.29 2,569,445 -13.19 -7.9
Local advertising revenue 8,636,566 8,132,595 -5.84 8,251,555 1.46 7,291,779 -11.63 6,806,713 -6.65 -5.8
National advertising revenue 4,056,986 4,452,062 9.74 3,900,030 -12.40 3,208,949 -17.72 2,387,660 -25.59 -12.4
Other revenue 1,203,584 1,113,531 -7.48 1,192,678 7.11 834,130 -30.06 434,058 -47.96
Total Revenue 28,642,417 28,439,614 -0.71 27,844,491 -2.09 25,229,571 -9.39 22,772,307 -9.74 -5.6

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 13,323,228 13,198,783 -0.93 13,606,082 3.09 13,067,949 -3.96 13,159,551 0.70 -0.3
Technical 2,469,320 2,559,308 3.64 2,138,852 -16.43 2,299,435 7.51 2,114,460 -8.04 -3.8
Sales and Promotion 2,963,195 2,835,200 -4.32 2,839,845 0.16 2,614,263 -7.94 2,391,546 -8.52 -5.2
Administration and General 4,316,909 4,332,293 0.36 4,306,520 -0.59 3,512,809 -18.43 2,987,319 -14.96 -8.8
Total Expenses 23,072,652 22,925,584 -0.64 22,891,299 -0.15 21,494,456 -6.10 20,652,876 -3.92 -2.7

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 5,569,765 5,514,030 4,953,192 3,735,115 2,119,431
Depreciation 394,986 378,301 -4.22 305,937 -19.13 386,177 26.23 463,586 20.04 4.1
P.B.I.T. 5,174,779 5,135,729 4,647,255 3,348,938 1,655,845
Interest Expense 78,147 74,404 -4.79 57,600 -22.58 40,046 -30.48 15,675 -60.86
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 5,096,632 5,061,325 4,589,655 3,308,892 1,640,170

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 343,559 257,018 -25.19 260,445 1.33 252,529 -3.04 387,190 53.32 3.0
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 8,012,083 8,079,200 0.84 8,506,721 5.29 8,540,579 0.40 8,394,667 -1.71 1.2
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 8,355,642 8,336,218 -0.23 8,767,166 5.17 8,793,108 0.30 8,781,857 -0.13 1.3
Canadian Programming/Revenue (%) 29.17 29.31 31.49 34.85 38.56

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 9,618,886 9,873,288 2.64 10,483,017 6.18 10,510,771 0.26 9,091,554 -13.50 -1.4
Total Staff Count 332 337 1.51 335 -0.59 343 2.39 325 -5.25
Avg Remuneration 28,973 29,298 1.12 31,293 6.81 30,644 -2.07 27,974 -8.71 -0.9

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 384,829 366,025 -4.89 351,378 -4.00 333,173 -5.18 318,368 -4.44 -4.6

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 19.4 19.4 17.8 14.8 9.3
P.B.I.T. Margin 18.1 18.1 16.7 13.3 7.3
Pre-tax Margin 17.8 17.8 16.5 13.1 7.2
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