ACTION (formerly Showcase Action)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424997 ACTION (formerly Showcase Action) Showcase Television Inc. Shaw Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 4,009,544 4,304,985 7.37 6,370,581 47.98 7,177,091 12.66 7,708,867 7.41 17.8
DTH revenue 4,105,206 4,099,636 -0.14 3,458,758 -15.63 3,863,649 11.71 4,352,452 12.65 1.5
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 7,011,209 8,306,057 18.47 9,224,075 11.05 9,643,848 4.55 10,302,216 6.83 10.1
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 15,125,959 16,710,678 10.48 19,053,414 14.02 20,684,588 8.56 22,363,535 8.12 10.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 3,279,079 4,031,098 22.93 4,089,758 1.46 5,113,850 25.04 5,596,152 9.43 14.3
Technical 703,570 676,435 -3.86 667,518 -1.32 652,392 -2.27 646,549 -0.90 -2.1
Sales and Promotion 568,059 339,651 -40.21 665,873 96.05 453,373 -31.91 271,372 -40.14 -16.9
Administration and General 968,217 1,083,908 11.95 909,693 -16.07 988,632 8.68 1,563,880 58.19 12.7
Total Expenses 5,518,925 6,131,092 11.09 6,332,842 3.29 7,208,247 13.82 8,077,953 12.07 10.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 9,607,034 10,579,586 12,720,572 13,476,341 14,285,582
Depreciation 1,640 0 -100.00 1,827 n/a 0 -100.00 0 n/a -100.0
P.B.I.T. 9,605,394 10,579,586 12,718,745 13,476,341 14,285,582
Interest Expense 1,127,510 363,842 -67.73 10,134 -97.21 8,295 -18.15 2,057 -75.20
Adjustments - Gain (Loss) -634,811 0 -100.00 0 n/a 0 n/a 0 n/a
Pre-tax Profit 7,843,073 10,215,744 12,708,611 13,468,046 14,283,525

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 132,669 232,235 75.05 488,761 110.46 482,694 -1.24 490,697 1.66 38.7
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 308,973 321,214 3.96 359,390 11.88 338,799 -5.73 439,428 29.70 9.2
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 441,642 553,449 25.32 848,151 53.25 821,493 -3.14 930,125 13.22 20.5
Canadian Programming/Revenue (%) 2.92 3.31 4.45 3.97 4.16

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 701,059 742,735 5.94 986,546 32.83 938,486 -4.87 1,396,908 48.85 18.8
Total Staff Count 9 10 11.11 12 20.00 11 -8.33 15 36.36
Avg Remuneration 77,895 74,274 -4.65 82,212 10.69 85,317 3.78 93,127 9.15 4.6

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 2,972,693 4,479,329 50.68 4,563,675 1.88 4,581,044 0.38 4,493,460 -1.91 10.9

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 63.5 63.3 66.8 65.2 63.9
P.B.I.T. Margin 63.5 63.3 66.8 65.2 63.9
Pre-tax Margin 51.9 61.1 66.7 65.1 63.9
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