Historia

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205421556 Historia 8504644 Canada Inc. Corus Entertainment Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 9,244,813 9,759,547 5.57 9,796,482 0.38 10,219,559 4.32 10,779,938 5.48 3.92
DTH revenue 3,207,368 3,226,014 0.58 3,235,325 0.29 3,553,770 9.84 3,531,749 -0.62 2.44
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 5,531,098 6,899,443 24.74 6,710,574 -2.74 7,520,139 12.06 8,035,582 6.85 9.79
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 17,983,279 19,885,004 10.57 19,742,381 -0.72 21,293,468 7.86 22,347,269 4.95 5.58

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 6,391,647 6,453,382 0.97 6,530,503 1.20 6,657,029 1.94 5,298,019 -20.41 -4.58
Technical 824,658 829,902 0.64 763,075 -8.05 774,380 1.48 1,174,366 51.65 9.24
Sales and Promotion 1,210,634 1,376,033 13.66 1,350,300 -1.87 1,002,584 -25.75 1,161,547 15.86 -1.03
Administration and General 1,659,287 2,000,022 20.54 1,963,012 -1.85 2,004,891 2.13 2,045,671 2.03 5.37
Total Expenses 10,086,226 10,659,339 5.68 10,606,890 -0.49 10,438,884 -1.58 9,679,603 -7.27 -1.02

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 7,897,053 9,225,665   9,135,491   10,854,584   12,667,666    
Depreciation 0 0 n/a 0 n/a 0 n/a 98,289 n/a n/a
P.B.I.T. 7,897,053 9,225,665   9,135,491   10,854,584   12,569,377    
Interest Expense 0 0 n/a 0 n/a 0 n/a 235 n/a  
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 121,297 n/a  
Pre-tax Profit 7,897,053 9,225,665   9,135,491   10,854,584   12,690,439    

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 2,766,698 2,897,925 4.74 3,259,940 12.49 3,374,031 3.50 2,093,605 -37.95 -6.73
Script & concept 19,067 48,217 152.88 54,117 12.24 71,667 32.43 225,101 214.09 85.36
Filler Programming + Program Production 1,487,275 1,551,174 4.30 1,434,120 -7.55 1,455,790 1.51 682,878 -53.09 -17.68
Investment in Programming 0 0 n/a 0 n/a 0 n/a 1,336,796 n/a n/a
Total Canadian Programming 4,273,040 4,497,316 5.25 4,748,177 5.58 4,901,488 3.23 4,338,380 -11.49 0.38
Canadian Programming/Revenue (%) 23.76 22.62   24.05   23.02   19.41 -15.67  

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 2,658,278 2,678,016 0.74 2,569,102 -4.07 2,670,367 3.94 963,729 -63.91 -22.40
Total Staff Count 26 26 0.00 26 0.00 28 7.69 15.22 -45.64  
Avg Remuneration 102,241 103,001 0.74 98,812 -4.07 95,370 -3.48 63,320 -33.61 -11.29

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 2,050,479 2,086,731 1.77 2,071,675 -0.72 2,060,048 -0.56 1,478,608 -28.22  

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 43.9 46.4   46.3   51.0   56.7    
P.B.I.T. Margin 43.9 46.4   46.3   51.0   56.2    
Pre-tax Margin 43.9 46.4   46.3   51.0   56.8    
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