Pay and Specialty - Animal Planet

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
305426266 Animal Planet Animal Planet Canada Company BCE Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 2,260,181 2,850,381 26.11 3,653,545 28.18 4,185,056 14.55 4,239,956 1.31 17.0
DTH revenue 2,353,095 2,657,670 12.94 2,693,613 1.35 2,600,661 -3.45 2,471,844 -4.95 1.2
Local advertising revenue 0 0 0 0 0
National advertising revenue 1,623,556 1,873,252 15.38 2,274,081 21.40 2,356,799 3.64 3,165,630 34.32 18.2
Other revenue 0 0 0 0 2,760
Total Revenue 6,236,832 7,381,303 18.35 8,621,239 16.80 9,142,516 6.05 9,880,190 8.07 12.2

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,812,910 2,672,263 -5.00 2,682,674 0.39 3,322,073 23.83 3,274,080 -1.44 3.9
Technical 720,341 765,690 6.30 777,944 1.60 782,861 0.63 790,863 1.02 2.4
Sales and Promotion 427,539 408,669 -4.41 409,913 0.30 365,307 -10.88 369,784 1.23 -3.6
Administration and General 821,058 894,105 8.90 1,047,677 17.18 997,691 -4.77 1,058,231 6.07 6.6
Total Expenses 4,781,848 4,740,727 -0.86 4,918,208 3.74 5,467,932 11.18 5,492,958 0.46 3.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 1,454,984 2,640,576 3,703,031 3,674,584 4,387,232
Depreciation 86,224 107,045 24.15 118,755 10.94 130,500 9.89 157,003 20.31 16.2
P.B.I.T. 1,368,760 2,533,531 3,584,276 3,544,084 4,230,229
Interest Expense 0 4,176 1,470 -64.80 7,071 381.02 51,251 624.81
Adjustments - Gain (Loss) 54,037 -64,330 -219.05 0 -100.00 0 0
Pre-tax Profit 1,422,797 2,465,025 3,582,806 3,537,013 4,178,978

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 329,612 438,370 33.00 943,960 115.33 1,446,213 53.21 1,305,527 -9.73 41.1
Script & concept 0 10,000 0 -100.00 0 0
Filler Programming + Program Production 348,681 381,176 9.32 551 -99.86 466 -15.43 3,432 636.48 -68.5
Investment in Programming 0 0 0 0 0
Total Canadian Programming 678,293 829,546 22.30 944,511 13.86 1,446,679 53.17 1,308,959 -9.52 17.9
Canadian Programming/Revenue (%) 10.88 11.24 10.96 15.82 13.25

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 201,530 250,032 24.07 233,455 -6.63 263,524 12.88 258,735 -1.82 6.5
Average Staff Count 2.5 3 20.00 2.17 -27.67 2.67 23.04 2.82 5.62
Avg Remuneration ($) 80,612 83,344 3.39 107,583 29.08 98,698 -8.26 91,750 -7.04 3.3

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,923,538 2,147,404 11.64 2,345,246 9.21 2,428,387 3.55 2,384,196 -1.82 5.5

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 23.3 35.8 43.0 40.2 44.4
P.B.I.T. Margin 21.9 34.3 41.6 38.8 42.8
Pre-tax Margin 22.8 33.4 41.6 38.7 42.3

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

Date modified: