Discovery Science (formerly Discovery Civilization Channel)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305426191 Discovery Science (formerly Discovery Civilization Channel) Discovery Science Canada Company BCE Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,715,093 1,713,832 -0.07 1,961,970 14.48 2,332,952 18.91 2,641,887 13.24 11.4
DTH revenue 1,769,269 1,707,173 -3.51 1,859,912 8.95 2,001,671 7.62 2,044,230 2.13 3.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 799,767 726,487 -9.16 789,768 8.71 846,348 7.16 920,297 8.74 3.6
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 4,284,129 4,147,492 -3.19 4,611,650 11.19 5,180,971 12.35 5,606,414 8.21 7.0

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 1,597,400 1,733,001 8.49 1,843,188 6.36 1,787,465 -3.02 1,608,904 -9.99 0.2
Technical 732,163 757,591 3.47 798,186 5.36 797,107 -0.14 815,356 2.29 2.7
Sales and Promotion 375,107 477,729 27.36 363,587 -23.89 363,070 -0.14 304,922 -16.02 -5.1
Administration and General 718,559 784,019 9.11 876,705 11.82 986,741 12.55 968,464 -1.85 7.8
Total Expenses 3,423,229 3,752,340 9.61 3,881,666 3.45 3,934,383 1.36 3,697,646 -6.02 2.0

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 860,900 395,152 729,984 1,246,588 1,908,768
Depreciation 0 57,339 n/a 67,820 18.28 71,224 5.02 79,933 12.23 n/a
P.B.I.T. 860,900 337,813 662,164 1,175,364 1,828,835
Interest Expense 0 0 n/a 0 n/a -11,457 n/a -11,958 4.37
Adjustments - Gain (Loss) 2,798 9,200 228.81 7,442 -19.11 0 -100.00 0 n/a
Pre-tax Profit 863,698 347,013 669,606 1,186,821 1,840,793

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 410,120 n/a 399,800 -2.52 349,020 -12.70 440,371 26.17 n/a
Script & concept 0 0 n/a 0 n/a 45,203 n/a 21,653 -52.10 n/a
Filler Programming + Program Production 637,181 305,172 -52.11 340,136 11.46 211,189 -37.91 86,480 -59.05 -39.3
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 637,181 715,292 12.26 739,936 3.45 605,412 -18.18 548,504 -9.40 -3.7
Canadian Programming/Revenue (%) 14.87 17.25 16.04 11.69 9.78

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 160,095 183,025 14.32 204,324 11.64 172,775 -15.44 153,860 -10.95 -1.0
Total Staff Count 2.2 2.5 13.64 2.8 12.00 2.17 -22.50 2.17 0.00
Avg Remuneration 72,770 73,210 0.60 72,973 -0.32 79,620 9.11 70,903 -10.95 -0.7

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,389,857 1,399,775 0.71 1,448,006 3.45 1,562,630 7.92 1,617,059 3.48 3.9

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 20.1 9.5 15.8 24.1 34.0
P.B.I.T. Margin 20.1 8.1 14.4 22.7 32.6
Pre-tax Margin 20.2 8.4 14.5 22.9 32.8
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