DejaView

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305426050 DejaView Shaw Television Limited Partnership Shaw Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,300,838 2,491,846 8.30 2,866,314 15.03 2,983,060 4.07 3,072,572 3.00 7.5
DTH revenue 2,317,483 2,234,591 -3.58 2,238,841 0.19 2,210,937 -1.25 2,190,110 -0.94 -1.4
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,662,434 2,687,697 61.67 3,094,693 15.14 2,629,926 -15.02 2,719,883 3.42 13.1
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 6,280,755 7,414,134 18.05 8,199,848 10.60 7,823,923 -4.58 7,982,565 2.03 6.2

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 2,403,140 2,414,305 0.46 2,131,769 -11.70 1,898,300 -10.95 1,746,006 -8.02 -7.7
Technical 537,861 583,822 8.55 737,840 26.38 621,546 -15.76 545,818 -12.18 0.4
Sales and Promotion 399,580 623,726 56.10 345,197 -44.66 124,503 -63.93 127,902 2.73 -24.8
Administration and General 504,434 525,307 4.14 696,746 32.64 776,021 11.38 1,280,414 65.00 26.2
Total Expenses 3,845,015 4,147,160 7.86 3,911,552 -5.68 3,420,370 -12.56 3,700,140 8.18 -1.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 2,435,740 3,266,974 4,288,296 4,403,553 4,282,425
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 2,435,740 3,266,974 4,288,296 4,403,553 4,282,425
Interest Expense -359 2,451 -782.73 0 -100.00 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 2,436,099 3,264,523 4,288,296 4,403,553 4,282,425

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 16,417 -19,726 -220.16 96,754 -590.49 139,070 43.74 101,223 -27.21 57.6
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 155,566 n/a 173,273 11.38 181,982 5.03 n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 16,417 -19,726 -220.16 252,320 >999± 312,343 23.79 283,205 -9.33 103.8
Canadian Programming/Revenue (%) 0.26 -0.27 3.08 3.99 3.55

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 811,350 925,794 14.11 813,008 -12.18 786,392 -3.27 964,689 22.67 4.4
Total Staff Count 15 17 13.33 11 -35.29 10 -9.09 12 20.00
Avg Remuneration 54,090 54,458 0.68 73,910 35.72 78,639 6.40 80,391 2.23 10.4

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,442,434 1,515,568 5.07 1,633,454 7.78 1,565,370 -4.17 1,532,707 -2.09 1.5

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 38.8 44.1 52.3 56.3 53.6
P.B.I.T. Margin 38.8 44.1 52.3 56.3 53.6
Pre-tax Margin 38.8 44.0 52.3 56.3 53.6
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