Smithsonian Channel (formerly eqhd)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535422357 Smithsonian Channel (formerly eqhd) Blue Ant Television Ltd. Blue Ant Media Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 2,854,471 3,212,788 12.55 3,341,900 4.02 3,511,990 5.09 3,926,374 11.80 8.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 510,676 637,746 24.88 1,428,296 123.96 1,211,853 -15.15 1,367,063 12.81 27.9
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 156,873 166,570 6.18 209,524 25.79 230,865 10.19 94,683 -58.99 -11.9
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 316,176 n/a 423,135 33.83 418,906 -1.00 n/a
Investment in Programming 0 0 n/a 0 n/a 83 n/a 0 -100.00 n/a
Total Canadian Programming 156,873 166,570 6.18 525,700 215.60 654,083 24.42 513,589 -21.48 34.5
Canadian Programming/Revenue (%) 5.50 5.18 15.73 18.62 13.08

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

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
P.B.I.T. Margin
Pre-tax Margin
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