addikTV (formerly Mystère)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205424104 addikTV (formerly Mystère) Groupe TVA inc. Les Placements Péladeau inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,400,341 3,021,749 25.89 3,669,608 21.44 4,292,762 16.98 4,840,027 12.75 19.2
DTH revenue 1,909,804 2,089,341 9.40 2,173,622 4.03 2,318,273 6.65 2,587,404 11.61 7.9
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 697,478 1,403,908 101.28 2,657,942 89.32 3,769,472 41.82 3,622,691 -3.89 51.0
Other revenue -915 9,004 >999± 145,564 >999± 213,364 46.58 140,749 -34.03
Total Revenue 5,006,708 6,524,002 30.31 8,646,736 32.54 10,593,871 22.52 11,190,871 5.64 22.3

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 3,564,714 4,049,391 13.60 5,117,836 26.39 6,273,012 22.57 7,772,011 23.90 21.5
Technical 427,486 490,854 14.82 670,044 36.51 579,667 -13.49 448,130 -22.69 1.2
Sales and Promotion 513,644 545,274 6.16 752,231 37.95 1,231,645 63.73 945,420 -23.24 16.5
Administration and General 267,842 140,608 -47.50 129,928 -7.60 157,646 21.33 442,230 180.52 13.4
Total Expenses 4,773,686 5,226,127 9.48 6,670,039 27.63 8,241,970 23.57 9,607,791 16.57 19.1

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 233,022 1,297,875 1,976,697 2,351,901 1,583,080
Depreciation 4,280 100,000 >999± 100,000 0.00 100,000 0.00 100,000 0.00 119.9
P.B.I.T. 228,742 1,197,875 1,876,697 2,251,901 1,483,080
Interest Expense 169,220 250,000 47.74 105,416 -57.83 108,250 2.69 85,964 -20.59
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a
Pre-tax Profit 59,522 947,875 1,771,281 2,143,651 1,397,116

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 1,664,483 1,933,364 16.15 2,526,820 30.70 3,349,080 32.54 4,224,102 26.13 26.2
Script & concept 0 0 n/a 35,587 n/a 0 -100.00 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 1,664,483 1,933,364 16.15 2,562,407 32.54 3,349,080 30.70 4,224,102 26.13 26.2
Canadian Programming/Revenue (%) 33.25 29.63 29.63 31.61 37.75

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 126,128 172,249 36.57 230,054 33.56 163,803 -28.80 106,750 -34.83 -4.1
Total Staff Count 1 2 100.00 2 0.00 2 0.00 2 0.00
Avg Remuneration 126,128 86,125 -31.72 115,027 33.56 81,902 -28.80 53,375 -34.83 -19.3

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 765,984 872,852 13.95 997,196 14.25 1,107,005 11.01 1,252,770 13.17 13.1

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 4.7 19.9 22.9 22.2 14.1
P.B.I.T. Margin 4.6 18.4 21.7 21.3 13.3
Pre-tax Margin 1.2 14.5 20.5 20.2 12.5
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