TVA Sports

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535429486 TVA Sports Groupe TVA inc. Les Placements Péladeau inc. Specialty (category C service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 5,418,437 8,718,098 60.90 10,128,863 16.18 n/a
DTH revenue 2,752,074 4,107,034 49.23 4,509,017 9.79 n/a
Local advertising revenue 0 0 n/a 0 n/a n/a
National advertising revenue 2,170,240 1,985,084 -8.53 1,721,933 -13.26 n/a
Other revenue 515,259 209,947 -59.25 200,403 -4.55
Total Revenue 10,856,010 15,020,163 38.36 16,560,216 10.25 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 24,668,700 26,165,950 6.07 27,785,487 6.19 n/a
Technical 2,631,034 3,999,164 52.00 3,236,432 -19.07 n/a
Sales and Promotion 2,457,465 2,479,552 0.90 1,761,263 -28.97 n/a
Administration and General 1,262,526 993,112 -21.34 1,065,764 7.32 n/a
Total Expenses 31,019,725 33,637,778 8.44 33,848,946 0.63 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -20,163,715 -18,617,615 -17,288,730
Depreciation 300,000 300,000 0.00 1,500,000 400.00 n/a
P.B.I.T. -20,463,715 -18,917,615 -18,788,730
Interest Expense 224,887 230,934 2.69 429,002 85.77
Adjustments - Gain (Loss) 0 0 n/a 0 n/a
Pre-tax Profit -20,688,602 -19,148,549 -19,217,732

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 6,709,864 5,686,972 -15.24 5,644,294 -0.75 n/a
Script & concept 0 0 n/a 0 n/a n/a
Filler Programming + Program Production 17,068,236 19,368,854 13.48 20,656,674 6.65 n/a
Investment in Programming 0 0 n/a 0 n/a n/a
Total Canadian Programming 23,778,100 25,055,826 5.37 26,300,968 4.97 n/a
Canadian Programming/Revenue (%) 219.03 166.81 158.82

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 7,576,429 6,317,762 -16.61 6,745,877 6.78 n/a
Total Staff Count 67 69 2.99 72 4.35
Avg Remuneration 113,081 91,562 -19.03 93,693 2.33 n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,639,336 1,523,946 -7.04 1,668,891 9.51 n/a

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -185.7 -124.0 -104.4
P.B.I.T. Margin -188.5 -125.9 -113.5
Pre-tax Margin -190.6 -127.5 -116.0
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