ATN South Asian Television (SATV)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417421 ATN South Asian Television (SATV) South Asian Television Canada Limited Chandrasekar, Shan Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,214,487 2,366,082 6.85 2,477,189 4.70 66,463 -97.32 65,373 -1.64 -58.6
DTH revenue 4,112,619 4,394,151 6.85 4,600,495 4.70 6,579,880 43.03 6,471,915 -1.64 12.0
Local advertising revenue 1,651,420 2,383,113 44.31 2,408,741 1.08 1,284,397 -46.68 880,583 -31.44 -14.6
National advertising revenue 889,226 1,283,215 44.31 1,297,014 1.08 1,569,819 21.03 1,076,268 -31.44 4.9
Other revenue 0 0 n/a 0 n/a 318,511 n/a 263,418 -17.30
Total Revenue 8,867,752 10,426,561 17.58 10,783,439 3.42 9,819,070 -8.94 8,757,557 -10.81 -0.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 5,178,564 5,518,746 6.57 5,494,687 -0.44 5,389,590 -1.91 7,897,280 46.53 11.1
Technical 316,506 259,808 -17.91 270,180 3.99 96,621 -64.24 117,903 22.03 -21.9
Sales and Promotion 493,295 773,700 56.84 906,419 17.15 556,964 -38.55 212,420 -61.86 -19.0
Administration and General 550,357 666,061 21.02 965,907 45.02 647,229 -32.99 783,551 21.06 9.2
Total Expenses 6,538,722 7,218,315 10.39 7,637,193 5.80 6,690,404 -12.40 9,011,154 34.69 8.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 2,329,030 3,208,246 3,146,246 3,128,666 -253,597
Depreciation 77,409 62,433 -19.35 92,057 47.45 14,086 -84.70 2,286 -83.77 -58.6
P.B.I.T. 2,251,621 3,145,813 3,054,189 3,114,580 -255,883
Interest Expense 23,278 -4,132 -117.75 3,322 -180.40 1,782 -46.36 1,403 -21.27
Adjustments - Gain (Loss) 4,762 -16 -100.34 250 >999± 44,003 >999± 432,686 883.31
Pre-tax Profit 2,233,105 3,149,929 3,051,117 3,156,801 175,400

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 2,486,750 2,878,216 15.74 3,179,833 10.48 1,870,372 -41.18 5,086,680 171.96 19.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 2,486,750 2,878,216 15.74 3,179,833 10.48 1,870,372 -41.18 5,086,680 171.96 19.6
Canadian Programming/Revenue (%) 28.04 27.60 29.49 19.05 58.08

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 902,845 949,796 5.20 1,449,131 52.57 1,512,117 4.35 0 -100.00 -100.0
Total Staff Count 19 19 0.00 32.2 69.47 32.39 0.59 0 -100.00
Avg Remuneration 47,518 49,989 5.20 45,004 -9.97 46,685 3.73 n/a n/a n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 164,761 116,380 -29.36 145,244 24.80 121,542 -16.32 120,588 -0.78 -7.5

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 26.3 30.8 29.2 31.9 -2.9
P.B.I.T. Margin 25.4 30.2 28.3 31.7 -2.9
Pre-tax Margin 25.2 30.2 28.3 32.1 2.0
Date modified: