Shaw on Demand

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
405424144 Shaw on Demand Shaw Communications Inc. Shaw, JR Video-on-Demand 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 62,745,000 73,828,608 17.66 70,076,710 -5.08 69,047,729 -1.47 69,247,726 0.29 2.5
DTH revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 62,745,000 73,828,608 17.66 70,076,710 -5.08 69,047,729 -1.47 69,247,726 0.29 2.5

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 31,010,426 44,171,298 42.44 44,151,362 -0.05 41,080,351 -6.96 42,235,064 2.81 8.0
Technical 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Sales and Promotion 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Administration and General 8,028,362 8,363,433 4.17 8,296,516 -0.80 8,116,600 -2.17 8,326,689 2.59 0.9
Total Expenses 39,038,788 52,534,731 34.57 52,447,878 -0.17 49,196,951 -6.20 50,561,753 2.77 6.7

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 23,706,212 21,293,877 17,628,832 19,850,778 18,685,973
Depreciation 12,500,000 12,500,000 0.00 15,000,000 20.00 15,267,000 1.78 15,267,000 0.00 5.1
P.B.I.T. 11,206,212 8,793,877 2,628,832 4,583,778 3,418,973
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 11,206,212 8,793,877 2,628,832 4,583,778 3,418,973

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Canadian Programming/Revenue (%) 0.00 0.00 0.00 0.00 0.00

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Staff Count 0 0 n/a 0 n/a 0 n/a 0 n/a
Avg Remuneration n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 37.8 28.8 25.2 28.7 27.0
P.B.I.T. Margin 17.9 11.9 3.8 6.6 4.9
Pre-tax Margin 17.9 11.9 3.8 6.6 4.9
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