Pay and Specialty - Reality TV

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
535428892 Reality TV 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 1,009,677 1,424,014 41.04 0 -100.00 0 0 -100.0
DTH revenue 0 0 0 0 0
Local advertising revenue 0 0 0 0 0
National advertising revenue 1,352,656 423,859 -68.66 15,220 -96.41 0 -100.00 0 -100.0
Other revenue 0 0 0 0 0
Total Revenue 2,362,333 1,847,873 -21.78 15,220 -99.18 0 -100.00 0 -100.0

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 1,602,700 1,334,319 -16.75 282,866 -78.80 0 -100.00 0 -100.0
Technical 123,089 391,753 218.27 0 -100.00 0 0 -100.0
Sales and Promotion 590,224 202,336 -65.72 0 -100.00 0 0 -100.0
Administration and General 530,290 679,506 28.14 1,259 -99.81 0 -100.00 0 -100.0
Total Expenses 2,846,303 2,607,914 -8.38 284,125 -89.11 0 -100.00 0 -100.0

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -483,970 -760,041 -268,905 0 0
Depreciation 0 0 0 0 0
P.B.I.T. -483,970 -760,041 -268,905 0 0
Interest Expense 101 0 -100.00 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit -484,071 -760,041 -268,905 0 0

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 83,864 96,257 14.78 54,879 -42.99 0 -100.00 0 -100.0
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 200,884 0 -100.00 0 0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 83,864 297,141 254.31 54,879 -81.53 0 -100.00 0 -100.0
Canadian Programming/Revenue (%) 3.55 16.08 360.57

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 946,800 841,324 -11.14 0 -100.00 0 0 -100.0
Average Staff Count 16 11 -31.25 0 -100.00 0 0
Avg Remuneration ($) 59,175 76,484 29.25

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,137,228 1,128,567 -0.76 0 -100.00 0 0 -100.0

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -20.5 -41.1 >999±
P.B.I.T. Margin -20.5 -41.1 >999±
Pre-tax Margin -20.5 -41.1 >999±

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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