Pay and Specialty - MovieTime (formerly known as Lonestar)

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
305426000 MovieTime (formerly known as Lonestar) Shaw Television Limited Partnership Shaw Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,084,635 6,047,425 96.05 6,514,327 7.72 5,289,751 -18.80 5,626,262 6.36 16.2
DTH revenue 2,446,518 2,307,643 -5.68 1,999,384 -13.36 2,133,648 6.72 2,363,140 10.76 -0.9
Local advertising revenue 0 0 0 0 0
National advertising revenue 3,950,638 5,427,848 37.39 6,604,273 21.67 7,647,716 15.80 8,014,310 4.79 19.3
Other revenue 0 0 0 0 0
Total Revenue 9,481,791 13,782,916 45.36 15,117,984 9.69 15,071,115 -0.31 16,003,712 6.19 14.0

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,883,440 2,775,660 -3.74 3,098,071 11.62 3,305,418 6.69 3,292,428 -0.39 3.4
Technical 585,285 753,016 28.66 636,074 -15.53 926,916 45.72 935,737 0.95 12.5
Sales and Promotion 944,622 503,361 -46.71 167,444 -66.73 143,556 -14.27 158,751 10.58 -36.0
Administration and General 548,539 733,862 33.78 814,836 11.03 1,410,974 73.16 1,423,693 0.90 26.9
Total Expenses 4,961,886 4,765,899 -3.95 4,716,425 -1.04 5,786,864 22.70 5,810,609 0.41 4.0

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 4,519,905 9,017,017 10,401,559 9,284,251 10,193,103
Depreciation 0 0 0 0 0
P.B.I.T. 4,519,905 9,017,017 10,401,559 9,284,251 10,193,103
Interest Expense 1,227 0 -100.00 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 4,518,678 9,017,017 10,401,559 9,284,251 10,193,103

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 195,659 143,310 -26.76 148,125 3.36 147,408 -0.48 128,672 -12.71 -10.0
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 276,410 284,776 3.03 210,094 -26.22 202,223 -3.75
Investment in Programming 0 0 0 0 0
Total Canadian Programming 195,659 419,720 114.52 432,901 3.14 357,502 -17.42 330,895 -7.44 14.0
Canadian Programming/Revenue (%) 2.06 3.05 2.86 2.37 2.07

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 1,087,071 970,123 -10.76 953,142 -1.75 1,110,508 16.51 1,006,803 -9.34 -1.9
Average Staff Count 23 13 -43.48 12 -7.69 13 8.33 12 -7.69
Avg Remuneration ($) 47,264 74,625 57.89 79,429 6.44 85,424 7.55 83,900 -1.78 15.4

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 4,257,639 5,106,370 19.93 5,206,356 1.96 4,439,145 -14.74 4,247,136 -4.33 -0.1

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 47.7 65.4 68.8 61.6 63.7
P.B.I.T. Margin 47.7 65.4 68.8 61.6 63.7
Pre-tax Margin 47.7 65.4 68.8 61.6 63.7

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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