TheWeather Network / MétéoMédia

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
214301194 TheWeather Network / MétéoMédia Pelmorex Communications Inc. Pelmorex Investments Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 22,233,028 22,900,686 3.00 23,393,424 2.15 23,870,896 2.04 24,499,628 2.63 2.5
DTH revenue 7,618,765 7,777,821 2.09 7,727,874 -0.64 7,468,298 -3.36 7,151,372 -4.24 -1.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 16,945,561 18,236,451 7.62 19,001,825 4.20 19,336,119 1.76 15,725,726 -18.67 -1.9
Other revenue 200,063 220,118 10.02 251,744 14.37 152,527 -39.41 81,605 -46.50
Total Revenue 46,997,417 49,135,076 4.55 50,374,867 2.52 50,827,840 0.90 47,458,331 -6.63 0.2

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 19,668,138 20,715,231 5.32 22,489,623 8.57 23,062,400 2.55 23,312,726 1.09 4.3
Technical 2,348,644 2,630,908 12.02 2,948,683 12.08 2,896,151 -1.78 2,884,316 -0.41 5.3
Sales and Promotion 1,703,240 3,034,004 78.13 2,686,619 -11.45 2,842,720 5.81 3,154,114 10.95 16.7
Administration and General 8,585,465 9,289,787 8.20 8,873,788 -4.48 8,735,998 -1.55 8,287,227 -5.14 -0.9
Total Expenses 32,305,487 35,669,930 10.41 36,998,713 3.73 37,537,269 1.46 37,638,383 0.27 3.9

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 14,691,930 13,465,146 13,376,154 13,290,571 9,819,948
Depreciation 2,070,022 2,695,657 30.22 2,399,745 -10.98 2,674,486 11.45 2,470,581 -7.62 4.5
P.B.I.T. 12,621,908 10,769,489 10,976,409 10,616,085 7,349,367
Interest Expense 373,106 307,564 -17.57 -68,092 -122.14 -29,564 -56.58 795,887 >999±
Adjustments - Gain (Loss) -3,649 0 -100.00 0 n/a 0 n/a 0 n/a
Pre-tax Profit 12,245,153 10,461,925 11,044,501 10,645,649 6,553,480

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 19,668,138 20,715,231 5.32 22,489,623 8.57 23,062,400 2.55 23,312,726 1.09 4.3
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 19,668,138 20,715,231 5.32 22,489,623 8.57 23,062,400 2.55 23,312,726 1.09 4.3
Canadian Programming/Revenue (%) 41.85 42.16 44.64 45.37 49.12

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 14,573,843 16,121,322 10.62 15,388,111 -4.55 15,896,823 3.31 16,682,022 4.94 3.4
Total Staff Count 192 193 0.52 188 -2.59 198 5.32 203 2.53
Avg Remuneration 75,905 83,530 10.05 81,852 -2.01 80,287 -1.91 82,177 2.35 2.0

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 11,021,664 11,124,476 0.93 11,329,477 1.84 11,353,301 0.21 11,353,301 0.00 0.7

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 31.3 27.4 26.6 26.1 20.7
P.B.I.T. Margin 26.9 21.9 21.8 20.9 15.5
Pre-tax Margin 26.1 21.3 21.9 20.9 13.8
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