TELETOON/TÉLÉTOON

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417231 TELETOON/TÉLÉTOON TELETOON Canada Inc. Corus Entertainment Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 31,558,724 31,163,605 -1.25 28,612,303 -8.19 28,133,309 -1.67 29,595,699 5.20 -1.6
DTH revenue 9,868,585 10,318,881 4.56 10,909,687 5.73 10,695,400 -1.96 7,669,623 -28.29 -6.1
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 42,395,628 47,818,400 12.79 44,433,609 -7.08 45,540,983 2.49 42,007,091 -7.76 -0.2
Other revenue 0 0 n/a 0 n/a 0 n/a 59,836 n/a
Total Revenue 83,822,937 89,300,886 6.54 83,955,599 -5.99 84,369,692 0.49 79,332,249 -5.97 -1.4

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 34,951,931 37,174,985 6.36 39,123,540 5.24 36,139,370 -7.63 47,247,136 30.74 7.8
Technical 1,170,066 1,200,110 2.57 1,436,072 19.66 1,715,094 19.43 1,721,411 0.37 10.1
Sales and Promotion 3,743,487 3,905,314 4.32 3,657,872 -6.34 3,489,929 -4.59 3,763,869 7.85 0.1
Administration and General 3,612,151 5,142,101 42.36 4,682,576 -8.94 4,575,088 -2.30 6,935,144 51.58 17.7
Total Expenses 43,477,635 47,422,510 9.07 48,900,060 3.12 45,919,481 -6.10 59,667,560 29.94 8.2

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 40,345,302 41,878,376 35,055,539 38,450,211 19,664,689
Depreciation 172,621 165,785 -3.96 180,658 8.97 159,732 -11.58 35,931 -77.51 -32.5
P.B.I.T. 40,172,681 41,712,591 34,874,881 38,290,479 19,628,758
Interest Expense 35,765 284,929 696.67 49,211 -82.73 1,654,008 >999± 1,363,915 -17.54
Adjustments - Gain (Loss) 189,739 217,392 14.57 46,709 -78.51 362,511 676.11 -1,082,177 -398.52
Pre-tax Profit 40,326,655 41,645,054 34,872,379 36,998,982 17,182,666

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 19,725,633 20,580,899 4.34 22,631,034 9.96 21,183,330 -6.40 30,752,673 45.17 11.7
Script & concept 242,097 541,589 123.71 277,640 -48.74 309,116 11.34 966,396 212.63 41.4
Filler Programming + Program Production 1,896,541 2,032,886 7.19 1,761,929 -13.33 1,937,487 9.96 2,326,870 20.10 5.3
Investment in Programming 115,748 111,843 -3.37 99,692 -10.86 86,960 -12.77 424,517 388.18 38.4
Total Canadian Programming 21,980,019 23,267,217 5.86 24,770,295 6.46 23,516,893 -5.06 34,470,456 46.58 11.9
Canadian Programming/Revenue (%) 26.22 26.05 29.50 27.87 43.45

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 6,910,495 7,170,241 3.76 6,408,114 -10.63 7,376,052 15.10 1,516,145 -79.45 -31.6
Total Staff Count 75 81 8.00 88 8.64 88 0.00 18 -79.55
Avg Remuneration 92,140 88,521 -3.93 72,819 -17.74 83,819 15.10 84,230 0.49 -2.2

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 7,931,321 7,726,261 -2.59 7,461,740 -3.42 7,271,415 -2.55 8,689,483 19.50 2.3

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 48.1 46.9 41.8 45.6 24.8
P.B.I.T. Margin 47.9 46.7 41.5 45.4 24.7
Pre-tax Margin 48.1 46.6 41.5 43.9 21.7
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