Fyi (formerly Twist TV)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424020 Fyi (formerly Twist TV) Discovery Health Channel Canada ULC Shaw Communications Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,138,369 2,162,600 1.13 3,112,766 43.94 3,454,359 10.97 3,519,931 1.90 13.3
DTH revenue 2,378,262 2,223,989 -6.49 2,002,985 -9.94 1,807,164 -9.78 1,804,910 -0.12 -6.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,633,480 1,953,502 19.59 1,864,550 -4.55 1,761,425 -5.53 1,677,730 -4.75 0.7
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 6,150,111 6,340,091 3.09 6,980,301 10.10 7,022,948 0.61 7,002,571 -0.29 3.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 1,479,991 1,641,390 10.91 2,475,992 50.85 1,888,235 -23.74 2,038,453 7.96 8.3
Technical 757,629 697,495 -7.94 675,368 -3.17 657,017 -2.72 597,951 -8.99 -5.8
Sales and Promotion 226,819 633,262 179.19 202,177 -68.07 121,434 -39.94 104,531 -13.92 -17.6
Administration and General 1,040,790 1,105,350 6.20 847,679 -23.31 911,929 7.58 1,331,700 46.03 6.4
Total Expenses 3,505,229 4,077,497 16.33 4,201,216 3.03 3,578,615 -14.82 4,072,635 13.80 3.8

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 2,644,882 2,262,594 2,779,085 3,444,333 2,929,936
Depreciation 0 0 n/a 1,827 n/a 5,481 200.00 5,481 0.00 n/a
P.B.I.T. 2,644,882 2,262,594 2,777,258 3,438,852 2,924,455
Interest Expense -98,484 -298,246 202.84 -460,311 54.34 -801,820 74.19 -1,157,838 44.40
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 2,743,366 2,560,840 3,237,569 4,240,672 4,082,293

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 211,689 153,885 -27.31 826,240 436.92 497,681 -39.77 499,204 0.31 23.9
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 178,149 350,361 96.67 407,519 16.31 307,095 -24.64 336,967 9.73 17.3
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 389,838 504,246 29.35 1,233,759 144.67 804,776 -34.77 836,171 3.90 21.0
Canadian Programming/Revenue (%) 6.34 7.95 17.67 11.46 11.94

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 708,111 716,407 1.17 985,035 37.50 929,671 -5.62 1,118,292 20.29 12.1
Total Staff Count 9 9 0.00 12 33.33 10 -16.67 12 20.00
Avg Remuneration 78,679 79,601 1.17 82,086 3.12 92,967 13.26 93,191 0.24 4.3

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 2,186,407 2,099,795 -3.96 2,157,968 2.77 2,173,082 0.70 2,094,099 -3.63 -1.1

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 43.0 35.7 39.8 49.0 41.8
P.B.I.T. Margin 43.0 35.7 39.8 49.0 41.8
Pre-tax Margin 44.6 40.4 46.4 60.4 58.3
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