TV5

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
214301103 TV5 TV5 Québec Canada TV5 Québec Canada Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 8,171,918 8,609,805 5.36 8,723,159 1.32 8,505,772 -2.49 8,848,069 4.02 2.0
DTH revenue 1,988,302 2,073,225 4.27 2,387,501 15.16 2,479,616 3.86 2,758,868 11.26 8.5
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,061,548 1,496,554 40.98 2,012,424 34.47 2,473,048 22.89 2,524,452 2.08 24.2
Other revenue 5,350,400 6,404,010 19.69 5,168,264 -19.30 5,117,726 -0.98 4,858,758 -5.06
Total Revenue 16,572,168 18,583,594 12.14 18,291,348 -1.57 18,576,162 1.56 18,990,147 2.23 3.5

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 7,388,404 8,346,557 12.97 9,374,165 12.31 9,489,676 1.23 10,199,869 7.48 8.4
Technical 1,714,528 1,839,837 7.31 1,815,011 -1.35 1,955,821 7.76 2,037,135 4.16 4.4
Sales and Promotion 4,146,027 4,047,242 -2.38 4,091,242 1.09 3,850,715 -5.88 4,440,795 15.32 1.7
Administration and General 2,583,165 3,079,068 19.20 2,232,980 -27.48 2,369,973 6.13 3,124,060 31.82 4.9
Total Expenses 15,832,124 17,312,704 9.35 17,513,398 1.16 17,666,185 0.87 19,801,859 12.09 5.8

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 740,044 1,270,890 777,950 909,977 -811,712
Depreciation 780,369 844,016 8.16 790,229 -6.37 619,288 -21.63 657,603 6.19 -4.2
P.B.I.T. -40,325 426,874 -12,279 290,689 -1,469,315
Interest Expense 35,544 25,682 -27.75 18,968 -26.14 9,400 -50.44 54,718 482.11
Adjustments - Gain (Loss) -1,039 1,205 -215.98 -25,314 >999± -35,446 40.03 95,524 -369.49
Pre-tax Profit -76,908 402,397 -56,561 245,843 -1,428,509

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 5,605,912 6,188,374 10.39 7,108,336 14.87 6,762,611 -4.86 6,088,499 -9.97 2.1
Script & concept 78,214 334,000 327.03 148,728 -55.47 521,025 250.32 1,073,294 106.00 92.5
Filler Programming + Program Production 163,418 218,346 33.61 219,994 0.75 217,430 -1.17 225,054 3.51 8.3
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 5,847,544 6,740,720 15.27 7,477,058 10.92 7,501,066 0.32 7,386,847 -1.52 6.0
Canadian Programming/Revenue (%) 35.29 36.27 40.88 40.38 38.90

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 4,311,106 5,013,857 16.30 3,866,436 -22.88 4,252,978 10.00 5,094,541 19.79 4.3
Total Staff Count 59 71 20.34 50 -29.58 51 2.00 61 19.61
Avg Remuneration 73,070 70,618 -3.36 77,329 9.50 83,392 7.84 83,517 0.15 3.4

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 6,918,027 7,106,667 2.73 6,912,634 -2.73 6,914,529 0.03 7,027,248 1.63 0.4

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 4.5 6.8 4.3 4.9 -4.3
P.B.I.T. Margin -0.2 2.3 -0.1 1.6 -7.7
Pre-tax Margin -0.5 2.2 -0.3 1.3 -7.5
Date modified: