NatGeo Wild

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535434584 NatGeo Wild NGC Channel Inc. Shaw Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 189,346 3,536,421 >999± 3,627,921 2.59 n/a
DTH revenue 160,447 538,988 235.93 531,163 -1.45 n/a
Local advertising revenue 0 0 n/a 0 n/a n/a
National advertising revenue 158,689 2,024,021 >999± 2,249,949 11.16 n/a
Other revenue 0 0 n/a 0 n/a
Total Revenue 508,482 6,099,430 >999± 6,409,033 5.08 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 303,943 1,424,278 368.60 1,693,509 18.90 n/a
Technical 210,894 827,714 292.48 774,635 -6.41 n/a
Sales and Promotion 306,323 533,188 74.06 454,337 -14.79 n/a
Administration and General 639,579 2,091,740 227.05 2,239,623 7.07 n/a
Total Expenses 1,460,739 4,876,920 233.87 5,162,104 5.85 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -952,257 1,222,510 1,246,929
Depreciation 0 0 n/a 0 n/a n/a
P.B.I.T. -952,257 1,222,510 1,246,929
Interest Expense 0 0 n/a 0 n/a
Adjustments - Gain (Loss) 0 0 n/a 0 n/a
Pre-tax Profit -952,257 1,222,510 1,246,929

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 41,942 54,138 29.08 63,107 16.57 n/a
Script & concept 0 0 n/a 0 n/a n/a
Filler Programming + Program Production 24,902 314,490 >999± 339,343 7.90 n/a
Investment in Programming 0 0 n/a 0 n/a n/a
Total Canadian Programming 66,844 368,628 451.48 402,450 9.18 n/a
Canadian Programming/Revenue (%) 13.15 6.04 6.28

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 368,987 1,223,382 231.55 928,357 -24.12 n/a
Total Staff Count 3 14 366.67 10 -28.57
Avg Remuneration 122,996 87,384 -28.95 92,836 6.24 n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 274,023 2,991,975 991.87 2,906,056 -2.87 n/a

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -187.3 20.0 19.5
P.B.I.T. Margin -187.3 20.0 19.5
Pre-tax Margin -187.3 20.0 19.5
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