Pay and Specialty - Gol TV (The Soccer net)

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
535420913 Gol TV (The Soccer net) Gol TV (Canada) Ltd. 8047286 Canada Inc. 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 3,345,794 3,509,072 4.88 3,350,835 -4.51 3,195,318 -4.64 2,711,726 -15.13 -5.1

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 3,190,826 2,340,708 -26.64 1,571,450 -32.86 2,017,755 28.40 1,429,558 -29.15 -18.2
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 170,879 353,397 106.81 127,375 -63.96 396,792 211.51 385,446 -2.86 22.6
Script & concept 0 0 0 0 0
Filler Programming + Program Production 2,005,873 965,480 -51.87 482,857 -49.99 563,365 16.67 425,077 -24.55 -32.2
Investment in Programming 0 0 0 0 0
Total Canadian Programming 2,176,752 1,318,877 -39.41 610,232 -53.73 960,157 57.34 810,523 -15.58 -21.9
Canadian Programming/Revenue (%) 65.06 37.58 18.21 30.05 29.89

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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