Animal Planet

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305426266 Animal Planet Animal Planet Canada Company BCE Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,224,733 2,260,181 1.59 2,850,381 26.11 3,653,545 28.18 4,185,056 14.55 17.1
DTH revenue 2,195,802 2,353,095 7.16 2,657,670 12.94 2,693,613 1.35 2,600,661 -3.45 4.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,514,263 1,623,556 7.22 1,873,252 15.38 2,274,081 21.40 2,356,799 3.64 11.7
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 5,934,798 6,236,832 5.09 7,381,303 18.35 8,621,239 16.80 9,142,516 6.05 11.4

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 2,739,788 2,812,910 2.67 2,672,263 -5.00 2,682,674 0.39 3,322,073 23.83 4.9
Technical 706,993 720,341 1.89 765,690 6.30 777,944 1.60 782,861 0.63 2.6
Sales and Promotion 418,372 427,539 2.19 408,669 -4.41 409,913 0.30 365,307 -10.88 -3.3
Administration and General 723,375 821,058 13.50 894,105 8.90 1,047,677 17.18 997,691 -4.77 8.4
Total Expenses 4,588,528 4,781,848 4.21 4,740,727 -0.86 4,918,208 3.74 5,467,932 11.18 4.5

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 1,346,270 1,454,984 2,640,576 3,703,031 3,674,584
Depreciation 0 86,224 n/a 107,045 24.15 118,755 10.94 130,500 9.89 n/a
P.B.I.T. 1,346,270 1,368,760 2,533,531 3,584,276 3,544,084
Interest Expense 0 0 n/a 4,176 n/a 1,470 -64.80 7,071 381.02
Adjustments - Gain (Loss) -860 54,037 >999± -64,330 -219.05 0 -100.00 0 n/a
Pre-tax Profit 1,345,410 1,422,797 2,465,025 3,582,806 3,537,013

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 149,577 329,612 120.36 438,370 33.00 943,960 115.33 1,446,213 53.21 76.3
Script & concept 0 0 n/a 10,000 n/a 0 -100.00 0 n/a n/a
Filler Programming + Program Production 629,939 348,681 -44.65 381,176 9.32 551 -99.86 466 -15.43 -83.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 779,516 678,293 -12.99 829,546 22.30 944,511 13.86 1,446,679 53.17 16.7
Canadian Programming/Revenue (%) 13.13 10.88 11.24 10.96 15.82

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 100,406 201,530 100.72 250,032 24.07 233,455 -6.63 263,524 12.88 27.3
Total Staff Count 1.2 2.5 108.33 3 20.00 2.17 -27.67 2.67 23.04
Avg Remuneration 83,672 80,612 -3.66 83,344 3.39 107,583 29.08 98,698 -8.26 4.2

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,690,557 1,923,538 13.78 2,147,404 11.64 2,345,246 9.21 2,428,387 3.55 9.5

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 22.7 23.3 35.8 43.0 40.2
P.B.I.T. Margin 22.7 21.9 34.3 41.6 38.8
Pre-tax Margin 22.7 22.8 33.4 41.6 38.7
Date modified: