Pay and Specialty - FTV-Filipino TV (formerly The Mabuhay Channel/ECG Filipino)

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535417639 FTV-Filipino TV (formerly The Mabuhay Channel/ECG Filipino) Ethnic Channels Group Limited Levin, Slava Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 76,050 668,342 778.82 1,241,032 85.69 2,064,002 66.31 2,140,105 3.69 130.3

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 23,043 294,258 >999± 560,272 90.40 830,668 48.26 750,717 -9.62 138.9
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 1,597 29,611 >999± 59,331 100.37 94,663 59.55 74,066 -21.76 161.0
Script & concept 2,130 39,482 >999± 79,108 100.36 126,217 59.55 98,755 -21.76 160.9
Filler Programming + Program Production 6,921 128,316 >999± 257,100 100.36 410,206 59.55 320,953 -21.76 161.0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 10,648 197,409 >999± 395,539 100.37 631,086 59.55 493,774 -21.76 161.0
Canadian Programming/Revenue (%) 14.00 29.54 31.87 30.58 23.07

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($)
Average Staff Count
Avg Remuneration ($)

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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