Sportsnet 360 (formerly The Score)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417356 Sportsnet 360 (formerly The Score) Sportsnet 360 Television Inc. Rogers Communications Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 10,789,377 11,011,374 2.06 10,898,244 -1.03 11,410,901 4.70 11,447,682 0.32 1.5
DTH revenue 3,872,127 3,984,544 2.90 3,466,290 -13.01 4,164,772 20.15 4,737,020 13.74 5.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 24,532,917 27,993,128 14.10 28,248,857 0.91 25,619,253 -9.31 12,446,815 -51.42 -15.6
Other revenue 41,938 636,985 >999± 475,854 -25.30 460,233 -3.28 679,675 47.68
Total Revenue 39,236,359 43,626,031 11.19 43,089,245 -1.23 41,655,159 -3.33 29,311,192 -29.63 -7.0

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 17,693,945 20,116,304 13.69 25,882,893 28.67 20,663,260 -20.17 21,912,028 6.04 5.5
Technical 3,202,809 3,355,720 4.77 4,364,230 30.05 2,510,560 -42.47 4,099,957 63.31 6.4
Sales and Promotion 3,961,333 3,219,465 -18.73 3,556,241 10.46 2,480,066 -30.26 2,061,470 -16.88 -15.1
Administration and General 5,324,425 5,924,261 11.27 1,304,679 -77.98 19,705,116 >999± 4,891,240 -75.18 -2.1
Total Expenses 30,182,512 32,615,750 8.06 35,108,043 7.64 45,359,002 29.20 32,964,695 -27.32 2.2

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 9,053,847 11,010,281 7,981,202 -3,703,843 -3,653,503
Depreciation 3,258,881 3,321,523 1.92 2,642,217 -20.45 1,554,094 -41.18 3,296,895 112.14 0.3
P.B.I.T. 5,794,966 7,688,758 5,338,985 -5,257,937 -6,950,398
Interest Expense 0 0 n/a 0 n/a 109,557 n/a 378,742 245.70
Adjustments - Gain (Loss) -252,563 -139,722 -44.68 -170,985 22.38 -3,823 -97.76 0 -100.00
Pre-tax Profit 5,542,403 7,549,036 5,168,000 -5,371,317 -7,329,140

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 597,344 n/a 0 -100.00 n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 16,377,123 15,914,385 -2.83 20,219,253 27.05 17,080,702 -15.52 18,584,510 8.80 3.2
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 16,377,123 15,914,385 -2.83 20,219,253 27.05 17,678,046 -12.57 18,584,510 5.13 3.2
Canadian Programming/Revenue (%) 41.74 36.48 46.92 42.44 63.40

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 10,644,432 11,306,565 6.22 10,578,634 -6.44 13,226,590 25.03 9,264,697 -29.95 -3.4
Total Staff Count 155 172 10.97 162 -5.81 149 -8.02 118 -20.81
Avg Remuneration 68,674 65,736 -4.28 65,300 -0.66 88,769 35.94 78,514 -11.55 3.4

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 6,793,452 6,639,501 -2.27 6,731,693 1.39 6,041,000 -10.26 5,869,000 -2.85 -3.6

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 23.1 25.2 18.5 -8.9 -12.5
P.B.I.T. Margin 14.8 17.6 12.4 -12.6 -23.7
Pre-tax Margin 14.1 17.3 12.0 -12.9 -25.0
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