Sportsnet World (formerly Setanta Sports (Canada))

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535426052 Sportsnet World (formerly Setanta Sports (Canada)) 6878482 Canada Inc. Rogers Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 7,900,344 9,248,082 17.06 9,820,475 6.19 11,716,180 19.30 11,520,798 -1.67 9.9
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 180,002 205,130 13.96 70,750 -65.51 267,974 278.76 5,358 -98.00 -58.5
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 8,080,346 9,453,212 16.99 9,891,225 4.63 11,984,154 21.16 11,526,156 -3.82 9.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 5,605,149 5,937,537 5.93 6,688,831 12.65 8,066,523 20.60 7,606,153 -5.71 7.9
Technical 0 764,654 n/a 0 -100.00 258,920 n/a 398,380 53.86 n/a
Sales and Promotion 568,779 274,617 -51.72 108,350 -60.55 58,048 -46.43 19,189 -66.94 -57.1
Administration and General 862,191 728,163 -15.55 677,305 -6.98 305,314 -54.92 330,077 8.11 -21.3
Total Expenses 7,036,119 7,704,971 9.51 7,474,486 -2.99 8,688,805 16.25 8,353,799 -3.86 4.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 1,044,227 1,748,241 2,416,739 3,295,349 3,172,357
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 1,044,227 1,748,241 2,416,739 3,295,349 3,172,357
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a
Adjustments - Gain (Loss) 48,371 161,564 234.01 -108 -100.07 0 -100.00 0 n/a
Pre-tax Profit 1,092,598 1,909,805 2,416,631 3,295,349 3,172,357

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 128,807 n/a 12,083 -90.62 n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 350,000 281,666 -19.52 359,761 27.73 1,775,815 393.61 1,403,842 -20.95 41.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 350,000 281,666 -19.52 359,761 27.73 1,904,622 429.41 1,415,925 -25.66 41.8
Canadian Programming/Revenue (%) 4.33 2.98 3.64 15.89 12.28

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 312,118 359,302 15.12 236,386 -34.21 253,210 7.12 197,305 -22.08 -10.8
Total Staff Count 3 3 0.00 5 66.67 5 0.00 3 -40.00
Avg Remuneration 104,039 119,767 15.12 47,277 -60.53 50,642 7.12 65,768 29.87 -10.8

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 76,157 82,523 8.36 91,417 10.78 100,000 9.39 93,000 -7.00 5.1

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 12.9 18.5 24.4 27.5 27.5
P.B.I.T. Margin 12.9 18.5 24.4 27.5 27.5
Pre-tax Margin 13.5 20.2 24.4 27.5 27.5
Date modified: