Pay and Specialty - RDS Info (formerly Réseau Info Sports (RIS))

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
205424063 RDS Info (formerly Réseau Info Sports (RIS)) Le Réseau des sports (RDS) inc. BCE Inc. Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 5,500,792 5,228,011 -4.96 4,931,839 -5.67 4,747,215 -3.74 4,456,173 -6.13 -5.1
DTH revenue 3,360,280 2,555,873 -23.94 2,074,274 -18.84 1,932,421 -6.84 1,671,621 -13.50 -16.0
Local advertising revenue 0 0 0 0 0
National advertising revenue 2,478,617 1,501,914 -39.41 1,261,213 -16.03 852,172 -32.43 727,889 -14.58 -26.4
Other revenue 0 0 0 0 0
Total Revenue 11,339,689 9,285,798 -18.11 8,267,326 -10.97 7,531,808 -8.90 6,855,683 -8.98 -11.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 6,085,930 9,991,567 64.17 9,800,305 -1.91 10,046,501 2.51 10,151,508 1.05 13.7
Technical 425,333 432,726 1.74 411,266 -4.96 411,261 0.00 411,414 0.04 -0.8
Sales and Promotion 427,609 635,363 48.59 604,944 -4.79 663,694 9.71 709,184 6.85 13.5
Administration and General 413,212 535,757 29.66 646,931 20.75 554,779 -14.24 414,124 -25.35 0.1
Total Expenses 7,352,084 11,595,413 57.72 11,463,446 -1.14 11,676,235 1.86 11,686,230 0.09 12.3

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 3,987,605 -2,309,615 -3,196,120 -4,144,427 -4,830,547
Depreciation 0 0 0 0 0
P.B.I.T. 3,987,605 -2,309,615 -3,196,120 -4,144,427 -4,830,547
Interest Expense 0 0 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 3,987,605 -2,309,615 -3,196,120 -4,144,427 -4,830,547

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 859,634 124,942 -85.47 0 -100.00 0 0 -100.0
Script & concept 0 0 0 0 0
Filler Programming + Program Production 5,166,162 9,822,881 90.14 9,800,305 -0.23 10,046,501 2.51 10,151,508 1.05 18.4
Investment in Programming 0 0 0 0 0
Total Canadian Programming 6,025,796 9,947,823 65.09 9,800,305 -1.48 10,046,501 2.51 10,151,508 1.05 13.9
Canadian Programming/Revenue (%) 53.14 107.13 118.54 133.39 148.07

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 3,651,902 0 -100.00 0 0 0 -100.0
Average Staff Count 37 0 -100.00 0 0 0
Avg Remuneration ($) 98,700

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,444,436 1,380,699 -4.41 1,277,144 -7.50 1,181,220 -7.51 1,116,565 -5.47 -6.2

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 35.2 -24.9 -38.7 -55.0 -70.5
P.B.I.T. Margin 35.2 -24.9 -38.7 -55.0 -70.5
Pre-tax Margin 35.2 -24.9 -38.7 -55.0 -70.5

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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