G4 (Canada) (formerly G4techTV)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305423957 G4 (Canada) (formerly G4techTV) Rogers Broadcasting Limited Rogers Communications Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 4,518,242 3,638,704 -19.47 4,778,546 31.33 5,448,165 14.01 5,370,988 -1.42 4.4
DTH revenue 4,256,619 4,300,520 1.03 4,002,858 -6.92 3,281,063 -18.03 2,998,286 -8.62 -8.4
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 933,019 1,842,554 97.48 1,428,515 -22.47 1,212,109 -15.15 959,159 -20.87 0.7
Other revenue 0 0 n/a 0 n/a 0 n/a 318 n/a
Total Revenue 9,707,880 9,781,778 0.76 10,209,919 4.38 9,941,337 -2.63 9,328,751 -6.16 -1.0

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 5,511,640 5,742,881 4.20 5,181,506 -9.78 5,182,973 0.03 3,591,064 -30.71 -10.2
Technical 355,308 501,779 41.22 552,369 10.08 623,067 12.80 599,930 -3.71 14.0
Sales and Promotion 187,757 530,221 182.40 373,877 -29.49 96,169 -74.28 70,075 -27.13 -21.8
Administration and General 908,922 960,127 5.63 775,716 -19.21 804,857 3.76 609,707 -24.25 -9.5
Total Expenses 6,963,627 7,735,008 11.08 6,883,468 -11.01 6,707,066 -2.56 4,870,776 -27.38 -8.6

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 2,744,253 2,046,770 3,326,451 3,234,271 4,457,975
Depreciation 34,550 146,107 322.89 145,806 -0.21 165,549 13.54 192,555 16.31 53.7
P.B.I.T. 2,709,703 1,900,663 3,180,645 3,068,722 4,265,420
Interest Expense 0 25,079 n/a 30,601 22.02 11,670 -61.86 22,120 89.55
Adjustments - Gain (Loss) 32,365 -39,286 -221.38 0 -100.00 -2,415,449 n/a 0 -100.00
Pre-tax Profit 2,742,068 1,836,298 3,150,044 641,603 4,243,300

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 2,595,791 2,960,201 14.04 2,457,267 -16.99 3,106,345 26.41 2,949,440 -5.05 3.2
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 704,861 783,402 11.14 1,054,090 34.55 1,186,325 12.54 872,878 -26.42 5.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 3,300,652 3,743,603 13.42 3,511,357 -6.20 4,292,670 22.25 3,822,318 -10.96 3.7
Canadian Programming/Revenue (%) 34.00 38.27 34.39 43.18 40.97

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 962,002 1,892,831 96.76 1,516,747 -19.87 1,239,161 -18.30 862,808 -30.37 -2.7
Total Staff Count 7 17 142.86 18 5.88 17 -5.56 13 -23.53
Avg Remuneration 137,429 111,343 -18.98 84,264 -24.32 72,892 -13.50 66,370 -8.95 -16.6

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,243,158 2,347,304 88.82 2,452,095 4.46 2,350,000 -4.16 2,257,000 -3.96 16.1

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 28.3 20.9 32.6 32.5 47.8
P.B.I.T. Margin 27.9 19.4 31.2 30.9 45.7
Pre-tax Margin 28.2 18.8 30.9 6.5 45.5
Date modified: