Pay and Specialty - Sportsnet PPV

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
305417207 Sportsnet PPV Rogers Communications Partnership Rogers Communications Inc. Pay-per-view programming 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 11,092,829 12,009,329 8.26 11,618,261 -3.26 12,621,675 8.64 19,896,033 57.63 15.7
DTH revenue 0 0 0 0 0
Local advertising revenue 0 0 0 0 0
National advertising revenue 0 0 0 0 0
Other revenue 0 0 0 0 0
Total Revenue 11,092,829 12,009,329 8.26 11,618,261 -3.26 12,621,675 8.64 19,896,033 57.63 15.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 9,829,468 10,299,934 4.79 7,981,573 -22.51 9,826,891 23.12 37,051,933 277.05 39.3
Technical 0 0 0 0 390,000
Sales and Promotion 210,984 522,640 147.72 244,781 -53.16 239,862 -2.01 43,345 -81.93 -32.7
Administration and General 0 0 0 0 0
Total Expenses 10,040,452 10,822,574 7.79 8,226,354 -23.99 10,066,753 22.37 37,485,278 272.37 39.0

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 1,052,377 1,186,755 3,391,907 2,554,922 -17,589,245
Depreciation 0 0 0 0 0
P.B.I.T. 1,052,377 1,186,755 3,391,907 2,554,922 -17,589,245
Interest Expense 0 0 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 1,052,377 1,186,755 3,391,907 2,554,922 -17,589,245

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0 0 0 13,273,055
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 0 0 0 314,420
Investment in Programming 0 0 0 0 0
Total Canadian Programming 0 0 0 0 13,587,475
Canadian Programming/Revenue (%) 0.00 0.00 0.00 0.00 68.29

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 0 0 0 0 390,000
Average Staff Count 0 0 0 0 4
Avg Remuneration ($) 97,500

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 34,687 33,988 -2.02 27,161 -20.09 27,966 2.96 1,708,454 >999± 164.9

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 9.5 9.9 29.2 20.2 -88.4
P.B.I.T. Margin 9.5 9.9 29.2 20.2 -88.4
Pre-tax Margin 9.5 9.9 29.2 20.2 -88.4

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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