FX Canada (formerly Highwire)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535432174 FX Canada (formerly Highwire) 8064750 Canada Inc. Rogers Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 93,363 6,561,118 >999± 6,916,302 5.41 n/a
DTH revenue 2,303,726 0 -100.00 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a n/a
National advertising revenue 1,375,439 1,925,365 39.98 3,201,044 66.26 n/a
Other revenue 0 0 n/a 10,225 n/a
Total Revenue 3,772,528 8,486,483 124.95 10,127,571 19.34 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 4,278,234 7,308,412 70.83 7,818,283 6.98 n/a
Technical 211,002 202,015 -4.26 210,198 4.05 n/a
Sales and Promotion 896,157 874,425 -2.43 157,901 -81.94 n/a
Administration and General 1,552,738 1,563,417 0.69 1,935,282 23.79 n/a
Total Expenses 6,938,131 9,948,269 43.39 10,121,664 1.74 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -3,165,603 -1,461,786 5,907
Depreciation 66,667 100,000 50.00 100,000 0.00 n/a
P.B.I.T. -3,232,270 -1,561,786 -94,093
Interest Expense 0 7,050 n/a 11,488 62.95
Adjustments - Gain (Loss) 0 0 n/a 0 n/a
Pre-tax Profit -3,232,270 -1,568,836 -105,581

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 394,988 376,074 -4.79 517,827 37.69 n/a
Script & concept 0 0 n/a 0 n/a n/a
Filler Programming + Program Production 107,783 0 -100.00 0 n/a n/a
Investment in Programming 0 0 n/a 0 n/a n/a
Total Canadian Programming 502,771 376,074 -25.20 517,827 37.69 n/a
Canadian Programming/Revenue (%) 13.33 4.43 5.11

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 1,016,057 1,004,935 -1.09 801,015 -20.29 n/a
Total Staff Count 10 10 0.00 8 -20.00
Avg Remuneration 101,606 100,494 -1.09 100,127 -0.36 n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,459,792 3,910,000 167.85 4,035,000 3.20 n/a

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -83.9 -17.2 0.1
P.B.I.T. Margin -85.7 -18.4 -0.9
Pre-tax Margin -85.7 -18.5 -1.0
Date modified: