Canal Indigo

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205416466 Canal Indigo Vidéotron s.e.n.c. Les Placements Péladeau inc. Pay-per-view programming 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 3,025,724 6,125,195 102.44 6,959,904 13.63 8,191,678 17.70 10,170,597 24.16 35.4
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 3,025,724 6,125,195 102.44 6,959,904 13.63 8,191,678 17.70 10,170,597 24.16 35.4

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 896,997 2,674,078 198.11 2,823,669 5.59 3,785,901 34.08 4,890,258 29.17 52.8
Technical 397,750 328,690 -17.36 814,747 147.88 725,781 -10.92 623,562 -14.08 11.9
Sales and Promotion 127,467 125,931 -1.21 307,144 143.90 300,394 -2.20 177,747 -40.83 8.7
Administration and General 622,816 532,595 -14.49 656,294 23.23 465,617 -29.05 467,322 0.37 -6.9
Total Expenses 2,045,030 3,661,294 79.03 4,601,854 25.69 5,277,693 14.69 6,158,889 16.70 31.7

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 980,694 2,463,901 2,358,050 2,913,985 4,011,708
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 980,694 2,463,901 2,358,050 2,913,985 4,011,708
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 980,694 2,463,901 2,358,050 2,913,985 4,011,708

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 598,026 1,959,093 227.59 2,103,443 7.37 2,409,118 14.53 2,887,347 19.85 48.2
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 0 n/a 0 n/a 0 n/a n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 598,026 1,959,093 227.59 2,103,443 7.37 2,409,118 14.53 2,887,347 19.85 48.2
Canadian Programming/Revenue (%) 19.76 31.98 30.22 29.41 28.39

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 127,467 125,931 -1.21 307,144 143.90 300,394 -2.20 177,747 -40.83 8.7
Total Staff Count 2 2 0.00 3 50.00 2 -33.33 2 0.00
Avg Remuneration 63,734 62,966 -1.21 102,381 62.60 150,197 46.70 88,874 -40.83 8.7

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,150,064 1,393,188 21.14 1,495,947 7.38 1,561,412 4.38 1,610,373 3.14 8.8

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 32.4 40.2 33.9 35.6 39.4
P.B.I.T. Margin 32.4 40.2 33.9 35.6 39.4
Pre-tax Margin 32.4 40.2 33.9 35.6 39.4
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