Bell TV On Demand (formerly Vu! On Demand)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535419338 Bell TV On Demand (formerly Vu! On Demand) Bell ExpressVu Limited Partnership BCE Inc. Video-on-Demand 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 0 1,736,883 n/a 4,688,310 169.93 9,018,897 92.37 13,162,525 45.94 n/a
DTH revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 0 1,736,883 n/a 4,688,310 169.93 9,018,897 92.37 13,162,525 45.94 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 0 2,183,740 n/a 5,884,206 169.46 11,248,447 91.16 16,265,575 44.60 n/a
Technical 0 86,844 n/a 471,307 442.71 809,068 71.66 1,174,977 45.23 n/a
Sales and Promotion 0 0 n/a 65,356 n/a 469,855 618.92 461,379 -1.80 n/a
Administration and General 0 0 n/a 211,448 n/a 1,933,814 814.56 704,351 -63.58 n/a
Total Expenses 0 2,270,584 n/a 6,632,317 192.10 14,461,184 118.04 18,606,282 28.66 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 0 -533,701 -1,944,007 -5,442,287 -5,443,757
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 0 -533,701 -1,944,007 -5,442,287 -5,443,757
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 0 -533,701 -1,944,007 -5,442,287 -5,443,757

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 152,811 n/a 367,017 140.18 437,839 19.30 n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 0 0 n/a 125,703 n/a 259,576 106.50 342,000 31.75 n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 0 0 n/a 278,514 n/a 626,593 124.98 779,839 24.46 n/a
Canadian Programming/Revenue (%) n/a 0.00 5.94 6.95 5.92

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 0 0 n/a 211,351 n/a 1,551,097 633.90 582,165 -62.47 n/a
Total Staff Count 0 0 n/a 5 n/a 25 400.00 11.99 -52.04
Avg Remuneration n/a n/a n/a 42,270 n/a 62,044 46.78 48,554 -21.74 n/a

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 n/a -30.7 -41.5 -60.3 -41.4
P.B.I.T. Margin n/a -30.7 -41.5 -60.3 -41.4
Pre-tax Margin n/a -30.7 -41.5 -60.3 -41.4
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