Zeste (formerly Cuisine)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535426961 Zeste (formerly Cuisine) Zeste Diffusion inc. Groupe Serdy inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 488,444 3,009,810 516.20 3,923,720 30.36 4,756,373 21.22 5,452,297 14.63 82.8

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 1,466,281 3,597,949 145.38 3,586,497 -0.32 2,998,067 -16.41 3,189,737 6.39 21.5
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 12,371 395,438 >999± 370,432 -6.32 342,513 -7.54 446,603 30.39 145.1
Script & concept 0 0 n/a 0 n/a 0 n/a 805 n/a n/a
Filler Programming + Program Production 569,433 2,068,699 263.29 2,202,016 6.44 1,823,217 -17.20 1,942,886 6.56 35.9
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 581,804 2,464,137 323.53 2,572,448 4.40 2,165,730 -15.81 2,390,294 10.37 42.4
Canadian Programming/Revenue (%) 119.11 81.87 65.56 45.53 43.84

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration
Total Staff Count
Avg Remuneration

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin
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