The Biography Channel

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424012 The Biography Channel Rogers Broadcasting Limited Rogers Communications Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 4,169,505 3,558,066 -14.66 3,723,170 4.64 3,919,228 5.27 3,651,938 -6.82 -3.3
DTH revenue 3,588,590 3,616,061 0.77 3,450,776 -4.57 3,114,199 -9.75 2,889,882 -7.20 -5.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 833,511 796,206 -4.48 972,522 22.14 1,144,620 17.70 813,417 -28.94 -0.6
Other revenue 26,500 36,050 36.04 0 -100.00 0 n/a 1 n/a
Total Revenue 8,618,106 8,006,383 -7.10 8,146,468 1.75 8,178,047 0.39 7,355,238 -10.06 -3.9

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 4,009,709 4,826,070 20.36 4,172,314 -13.55 4,437,926 6.37 4,100,427 -7.60 0.6
Technical 339,173 557,781 64.45 549,663 -1.46 605,242 10.11 599,930 -0.88 15.3
Sales and Promotion 51,047 160,647 214.70 64,328 -59.96 94,232 46.49 57,922 -38.53 3.2
Administration and General 834,522 945,370 13.28 721,703 -23.66 785,150 8.79 535,995 -31.73 -10.5
Total Expenses 5,234,451 6,489,868 23.98 5,508,008 -15.13 5,922,550 7.53 5,294,274 -10.61 0.3

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 3,383,655 1,516,515 2,638,460 2,255,497 2,060,964
Depreciation 18,775 3,693 -80.33 3,392 -8.15 3,861 13.83 4,490 16.29 -30.1
P.B.I.T. 3,364,880 1,512,822 2,635,068 2,251,636 2,056,474
Interest Expense 0 634 n/a 712 12.30 272 -61.80 516 89.71
Adjustments - Gain (Loss) -42,964 -196,429 357.19 0 -100.00 0 n/a 0 n/a
Pre-tax Profit 3,321,916 1,315,759 2,634,356 2,251,364 2,055,958

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 1,672,491 2,367,209 41.54 1,576,932 -33.38 1,878,489 19.12 2,322,976 23.66 8.6
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 775,908 1,242,816 60.18 1,306,829 5.15 1,441,341 10.29 1,040,907 -27.78 7.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 2,448,399 3,610,025 47.44 2,883,761 -20.12 3,319,830 15.12 3,363,883 1.33 8.3
Canadian Programming/Revenue (%) 28.41 45.09 35.40 40.59 45.73

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 912,883 1,843,098 101.90 1,275,952 -30.77 1,177,754 -7.70 868,895 -26.22 -1.2
Total Staff Count 7 17 142.86 17 0.00 16 -5.88 13 -18.75
Avg Remuneration 130,412 108,418 -16.87 75,056 -30.77 73,610 -1.93 66,838 -9.20 -15.4

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,249,704 2,289,042 83.17 2,247,080 -1.83 2,140,000 -4.77 1,986,000 -7.20 12.3

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 39.3 18.9 32.4 27.6 28.0
P.B.I.T. Margin 39.0 18.9 32.3 27.5 28.0
Pre-tax Margin 38.5 16.4 32.3 27.5 28.0
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