Pay and Specialty - FXX (Canada) (formerly Ampersand)

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
535432190 FXX (Canada) (formerly Ampersand) 8834776 Canada Inc. Rogers Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 0 3,712,045
DTH revenue 0 0
Local advertising revenue 0 0
National advertising revenue 215,699 812,651 276.75
Other revenue 0 0
Total Revenue 215,699 4,524,696 >999±

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 3,737,371 5,578,036 49.25
Technical 0 99,253
Sales and Promotion 18,939 108,730 474.11
Administration and General 277,079 471,970 70.34
Total Expenses 4,033,389 6,257,989 55.15

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -3,817,690 -1,733,293
Depreciation 0 0
P.B.I.T. -3,817,690 -1,733,293
Interest Expense 0 0
Adjustments - Gain (Loss) 0 0
Pre-tax Profit -3,817,690 -1,733,293

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 345,228
Script & concept 0 0
Filler Programming + Program Production 0 0
Investment in Programming 0 0
Total Canadian Programming 0 345,228
Canadian Programming/Revenue (%) 0.00 7.63

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 12,917 343,285 >999±
Average Staff Count 0.3 4 >999±
Avg Remuneration ($) 43,057 85,821 99.32

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 353,000 1,641,000 364.87

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin >999± -38.3
P.B.I.T. Margin >999± -38.3
Pre-tax Margin >999± -38.3

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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