Pay and Specialty - Lifetime (formerly Showcase Diva)

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
305425002 Lifetime (formerly Showcase Diva) Showcase Television Inc. Shaw Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,953,437 6,028,656 52.49 6,761,852 12.16 7,278,165 7.64 7,514,457 3.25 17.4
DTH revenue 4,058,800 3,287,677 -19.00 3,430,643 4.35 3,233,295 -5.75 3,483,646 7.74 -3.8
Local advertising revenue 0 0 0 0 0
National advertising revenue 6,881,979 8,176,657 18.81 11,973,957 46.44 11,235,222 -6.17 9,876,197 -12.10 9.5
Other revenue 0 0 0 0 0
Total Revenue 14,894,216 17,492,990 17.45 22,166,452 26.72 21,746,682 -1.89 20,874,300 -4.01 8.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 5,872,974 4,246,471 -27.69 6,765,189 59.31 9,390,146 38.80 8,966,164 -4.52 11.2
Technical 674,770 663,996 -1.60 648,410 -2.35 727,646 12.22 745,634 2.47 2.5
Sales and Promotion 575,942 986,029 71.20 1,454,500 47.51 676,609 -53.48 313,447 -53.67 -14.1
Administration and General 1,069,484 912,661 -14.66 2,134,677 133.90 2,808,975 31.59 3,641,363 29.63 35.8
Total Expenses 8,193,170 6,809,157 -16.89 11,002,776 61.59 13,603,376 23.64 13,666,608 0.46 13.7

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 6,701,046 10,683,833 11,163,676 8,143,306 7,207,692
Depreciation 0 1,827 0 -100.00 0 0
P.B.I.T. 6,701,046 10,682,006 11,163,676 8,143,306 7,207,692
Interest Expense 1,362,341 9,867 -99.28 9,315 -5.59 1,253 -86.55 0 -100.00
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 5,338,705 10,672,139 11,154,361 8,142,053 7,207,692

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 165,719 312,050 88.30 320,515 2.71 317,725 -0.87 309,495 -2.59 16.9
Script & concept 0 0 0 0 0
Filler Programming + Program Production 337,535 356,609 5.65 371,166 4.08 456,859 23.09 417,679 -8.58 5.5
Investment in Programming 0 0 0 0 0
Total Canadian Programming 503,254 668,659 32.87 691,681 3.44 774,584 11.99 727,174 -6.12 9.6
Canadian Programming/Revenue (%) 3.38 3.82 3.12 3.56 3.48

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 788,618 1,021,030 29.47 979,492 -4.07 1,476,678 50.76 1,329,166 -9.99 13.9
Average Staff Count 10 12 20.00 11 -8.33 16 45.45 14 -12.50
Avg Remuneration ($) 78,862 85,086 7.89 89,045 4.65 92,292 3.65 94,940 2.87 4.8

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 4,366,238 4,341,904 -0.56 4,193,191 -3.43 4,024,923 -4.01 3,776,495 -6.17 -3.6

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 45.0 61.1 50.4 37.4 34.5
P.B.I.T. Margin 45.0 61.1 50.4 37.4 34.5
Pre-tax Margin 35.8 61.0 50.3 37.4 34.5

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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