TELUS Communications Company, Edmonton

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535417738 TELUS Communications Company, Edmonton TELUS Communications Company TELUS Corporation Video-on-Demand 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 7,166,835 13,988,975 95.19 18,935,085 35.36 26,702,468 41.02 30,473,268 14.12 43.6
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 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 7,166,835 13,988,975 95.19 18,935,085 35.36 26,702,468 41.02 30,473,268 14.12 43.6

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 7,102,925 12,344,154 73.79 21,825,476 76.81 31,106,378 42.52 37,052,591 19.12 51.1
Technical 8,758,474 13,680,746 56.20 10,201,272 -25.43 10,789,220 5.76 12,572,674 16.53 9.5
Sales and Promotion 2,276,915 2,773,246 21.80 2,040,131 -26.44 2,541,507 24.58 2,825,038 11.16 5.5
Administration and General 1,899,261 3,626,020 90.92 3,107,629 -14.30 6,981,691 124.66 7,796,845 11.68 42.3
Total Expenses 20,037,575 32,424,166 61.82 37,174,508 14.65 51,418,796 38.32 60,247,148 17.17 31.7

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -12,870,740 -18,435,191 -18,239,423 -24,716,328 -29,773,880
Depreciation 0 0 n/a 0 n/a -26,336,012 n/a 1,275,897 -104.84 n/a
P.B.I.T. -12,870,740 -18,435,191 -18,239,423 1,619,684 -31,049,777
Interest Expense 0 0 n/a 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 -12,870,740 -18,435,191 -18,239,423 1,619,684 -31,049,777

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
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 0 n/a 0 n/a 0 n/a n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Canadian Programming/Revenue (%) 0.00 0.00 0.00 0.00 0.00

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 9,621,602 15,326,007 59.29 11,664,450 -23.89 15,680,466 34.43 16,275,915 3.80 14.0
Total Staff Count 55 85 54.55 69 -18.82 126 82.61 130 3.17
Avg Remuneration 174,938 180,306 3.07 169,050 -6.24 124,448 -26.38 125,199 0.60 -8.0

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 -179.6 -131.8 -96.3 -92.6 -97.7
P.B.I.T. Margin -179.6 -131.8 -96.3 6.1 -101.9
Pre-tax Margin -179.6 -131.8 -96.3 6.1 -101.9
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