Fox Sports World Canada

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305426068 Fox Sports World Canada Fox Sports World Canada Partnership Shaw Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,379,957 2,314,639 -2.74 1,401,509 -39.45 -100.00 0 -100.0
DTH revenue 2,096,771 529,384 -74.75 325,174 -38.58 -100.00 0 -100.0
Local advertising revenue 0 0 n/a 0 n/a n/a 0 n/a
National advertising revenue 262,131 138,837 -47.04 80,163 -42.26 -100.00 0 -100.0
Other revenue 444,471 439,901 -1.03 313,228 -28.80 -100.00 0
Total Revenue 5,183,330 3,422,761 -33.97 2,120,074 -38.06 -100.00 0 -100.0

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 3,887,590 3,382,564 -12.99 2,627,456 -22.32 -100.00 0 -100.0
Technical 581,624 358,079 -38.43 530,307 48.10 -100.00 0 -100.0
Sales and Promotion 304,844 325,624 6.82 59,470 -81.74 -100.00 0 -100.0
Administration and General 548,118 511,829 -6.62 457,129 -10.69 -100.00 0 -100.0
Total Expenses 5,322,176 4,578,096 -13.98 3,674,362 -19.74 -100.00 0 -100.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -138,846 -1,155,335 -1,554,288 0
Depreciation 0 0 n/a 0 n/a n/a 0 n/a
P.B.I.T. -138,846 -1,155,335 -1,554,288 0
Interest Expense 5,078 0 -100.00 0 n/a n/a 0
Adjustments - Gain (Loss) 0 26,097 n/a 0 -100.00 n/a 0
Pre-tax Profit -143,924 -1,129,238 -1,554,288 0

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 1,903,781 1,813,922 -4.72 1,071,950 -40.90 -100.00 0 -100.0
Script & concept 0 0 n/a 0 n/a n/a 0 n/a
Filler Programming + Program Production 0 0 n/a 180,593 n/a -100.00 0 n/a
Investment in Programming 0 0 n/a 0 n/a n/a 0 n/a
Total Canadian Programming 1,903,781 1,813,922 -4.72 1,252,543 -30.95 -100.00 0 -100.0
Canadian Programming/Revenue (%) 36.73 53.00 59.08 n/a

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 1,030,598 946,181 -8.19 588,499 -37.80 -100.00 0 -100.0
Total Staff Count 23.1 21 -9.09 8 -61.90 -100.00 0
Avg Remuneration 44,615 45,056 0.99 73,562 63.27 -100.00 n/a n/a n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,180,661 759,707 -35.65 0 -100.00 n/a 0 -100.0

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -2.7 -33.8 -73.3 n/a
P.B.I.T. Margin -2.7 -33.8 -73.3 n/a
Pre-tax Margin -2.8 -33.0 -73.3 n/a
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