ATN Cricket Plus (ATN – Asian Sports Network (ASN))

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535421987 ATN Cricket Plus (ATN – Asian Sports Network (ASN)) Asian Television Network International Limited Chandrasekar, Shan Pay-TV (category B service) 2012

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 71,498 81,420 13.88 107,922 32.55 -100.00 n/a
DTH revenue 132,782 151,209 13.88 200,427 32.55 -100.00 n/a
Local advertising revenue 11,365 18,774 65.19 6,737 -64.12 -100.00 n/a
National advertising revenue 6,120 10,109 65.18 3,628 -64.11 -100.00 n/a
Other revenue 0 0 n/a 0 n/a n/a
Total Revenue 221,765 261,512 17.92 318,714 21.87 -100.00 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 1,230,673 928,109 -24.59 514,878 -44.52 -100.00 n/a
Technical 53,027 40,042 -24.49 41,980 4.84 -100.00 n/a
Sales and Promotion 26,431 22,836 -13.60 22,342 -2.16 -100.00 n/a
Administration and General 54,357 61,348 12.86 44,671 -27.18 -100.00 n/a
Total Expenses 1,364,488 1,052,335 -22.88 623,871 -40.72 -100.00 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -1,142,723 -790,823 -305,157
Depreciation 2,499 2,147 -14.09 4,011 86.82 -100.00 n/a
P.B.I.T. -1,145,222 -792,970 -309,168
Interest Expense 752 -142 -118.88 145 -202.11 -100.00
Adjustments - Gain (Loss) 4,762 -16 -100.34 250 >999± -100.00
Pre-tax Profit -1,141,212 -792,844 -309,063

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a n/a n/a
Script & concept 0 0 n/a 0 n/a n/a n/a
Filler Programming + Program Production 75,254 91,855 22.06 111,427 21.31 -100.00 n/a
Investment in Programming 0 0 n/a 0 n/a n/a n/a
Total Canadian Programming 75,254 91,855 22.06 111,427 21.31 -100.00 n/a
Canadian Programming/Revenue (%) 33.93 35.12 34.96

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 73,845 70,764 -4.17 40,451 -42.84 -100.00 n/a
Total Staff Count 2 2 0.00 0.9 -55.00 -100.00
Avg Remuneration 36,923 35,382 -4.17 44,946 27.03 -100.00 n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 6,500 9,031 38.94 6,480 -28.25 -100.00 n/a

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -515.3 -302.4 -95.7
P.B.I.T. Margin -516.4 -303.2 -97.0
Pre-tax Margin -514.6 -303.2 -97.0
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