Talentvision

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
515408441 Talentvision Fairchild Television Ltd. Fairchild Property Group Ltd. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,618,245 2,856,415 9.10 3,491,562 22.24 3,482,387 -0.26 3,510,525 0.81 7.6
DTH revenue 505,762 584,866 15.64 598,687 2.36 547,057 -8.62 445,172 -18.62 -3.1
Local advertising revenue 2,441,866 2,426,759 -0.62 2,585,938 6.56 2,324,361 -10.12 2,163,068 -6.94 -3.0
National advertising revenue 972,007 1,318,497 35.65 1,388,228 5.29 1,069,599 -22.95 846,104 -20.90 -3.4
Other revenue 34,909 57,833 65.67 111,505 92.81 171,425 53.74 177,990 3.83
Total Revenue 6,572,789 7,244,370 10.22 8,175,920 12.86 7,594,829 -7.11 7,142,859 -5.95 2.1

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 3,352,785 3,758,014 12.09 3,626,788 -3.49 3,622,244 -0.13 4,259,690 17.60 6.2
Technical 832,526 837,360 0.58 1,235,228 47.51 1,020,897 -17.35 398,002 -61.01 -16.9
Sales and Promotion 721,248 639,967 -11.27 688,104 7.52 680,595 -1.09 701,625 3.09 -0.7
Administration and General 599,257 553,835 -7.58 885,021 59.80 763,793 -13.70 761,967 -0.24 6.2
Total Expenses 5,505,816 5,789,176 5.15 6,435,141 11.16 6,087,529 -5.40 6,121,284 0.55 2.7

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 1,066,973 1,455,194 1,740,779 1,507,300 1,021,575
Depreciation 321,205 275,955 -14.09 189,804 -31.22 254,238 33.95 306,883 20.71 -1.1
P.B.I.T. 745,768 1,179,239 1,550,975 1,253,062 714,692
Interest Expense 21 0 -100.00 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 745,747 1,179,239 1,550,975 1,253,062 714,692

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 283,405 292,248 3.12 324,479 11.03 279,676 -13.81 282,961 1.17 0.0
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 1,529,683 1,883,058 23.10 1,613,058 -14.34 1,652,042 2.42 1,998,101 20.95 6.9
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,813,088 2,175,306 19.98 1,937,537 -10.93 1,931,718 -0.30 2,281,062 18.08 5.9
Canadian Programming/Revenue (%) 27.58 30.03 23.70 25.43 31.93

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 1,883,547 2,117,362 12.41 2,271,231 7.27 2,386,419 5.07 2,719,908 13.97 9.6
Total Staff Count 52 67 28.85 69 2.99 72 4.35 77 6.94
Avg Remuneration 36,222 31,602 -12.75 32,916 4.16 33,145 0.69 35,323 6.57 -0.6

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 535,669 517,613 -3.37 447,827 -13.48 400,322 -10.61 360,630 -9.92 -9.4

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 16.2 20.1 21.3 19.8 14.3
P.B.I.T. Margin 11.3 16.3 19.0 16.5 10.0
Pre-tax Margin 11.3 16.3 19.0 16.5 10.0
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