Pay and Specialty - G4 (Canada) (fromerly G4techTV)

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
305423957 G4 (Canada) (fromerly G4techTV) Rogers Media Inc. Rogers Communications Inc. Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,638,704 4,778,546 31.33 5,448,165 14.01 5,370,988 -1.42 2,692,562 -49.87 -7.3
DTH revenue 4,300,520 4,002,858 -6.92 3,281,063 -18.03 2,998,286 -8.62 1,016,664 -66.09 -30.3
Local advertising revenue 0 0 0 0 0
National advertising revenue 1,842,554 1,428,515 -22.47 1,212,109 -15.15 959,159 -20.87 817,839 -14.73 -18.4
Other revenue 0 0 0 318 0 -100.00
Total Revenue 9,781,778 10,209,919 4.38 9,941,337 -2.63 9,328,751 -6.16 4,527,065 -51.47 -17.5

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 5,742,881 5,181,506 -9.78 5,182,973 0.03 3,591,064 -30.71 396,042 -88.97 -48.8
Technical 501,779 552,369 10.08 623,067 12.80 599,930 -3.71 585,061 -2.48 3.9
Sales and Promotion 530,221 373,877 -29.49 96,169 -74.28 70,075 -27.13 109,169 55.79 -32.6
Administration and General 960,127 775,716 -19.21 804,857 3.76 609,707 -24.25 1,289,285 111.46 7.7
Total Expenses 7,735,008 6,883,468 -11.01 6,707,066 -2.56 4,870,776 -27.38 2,379,557 -51.15 -25.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 2,046,770 3,326,451 3,234,271 4,457,975 2,147,508
Depreciation 146,107 145,806 -0.21 165,549 13.54 192,555 16.31 181,134 -5.93 5.5
P.B.I.T. 1,900,663 3,180,645 3,068,722 4,265,420 1,966,374
Interest Expense 25,079 30,601 22.02 11,670 -61.86 22,120 89.55 0 -100.00
Adjustments - Gain (Loss) -39,286 0 -100.00 -2,415,449 0 -100.00 0
Pre-tax Profit 1,836,298 3,150,044 641,603 4,243,300 1,966,374

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 2,960,201 2,457,267 -16.99 3,106,345 26.41 2,949,440 -5.05 131,937 -95.53 -54.1
Script & concept 0 0 0 0 0
Filler Programming + Program Production 783,402 1,054,090 34.55 1,186,325 12.54 872,878 -26.42 0 -100.00 -100.0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 3,743,603 3,511,357 -6.20 4,292,670 22.25 3,822,318 -10.96 131,937 -96.55 -56.7
Canadian Programming/Revenue (%) 38.27 34.39 43.18 40.97 2.91

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 1,892,831 1,516,747 -19.87 1,239,161 -18.30 862,808 -30.37 485,106 -43.78 -28.9
Average Staff Count 17 18 5.88 17 -5.56 13 -23.53 7.03 -45.92
Avg Remuneration ($) 111,343 84,264 -24.32 72,892 -13.50 66,370 -8.95 69,005 3.97 -11.3

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 2,347,304 2,452,095 4.46 2,350,000 -4.16 2,257,000 -3.96 1,458,000 -35.40 -11.2

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 20.9 32.6 32.5 47.8 47.4
P.B.I.T. Margin 19.4 31.2 30.9 45.7 43.4
Pre-tax Margin 18.8 30.9 6.5 45.5 43.4

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

Date modified: