Pay and Specialty - The Brand New ONE Body, Mind, Spirit, Love Channel

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
305423915 The Brand New ONE Body, Mind, Spirit, Love Channel ZoomerMedia Limited Olympus Management Limited Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 1,952,286 2,284,320 17.01 2,639,800 15.56 2,675,444 1.35 2,718,496 1.61 8.6
DTH revenue 2,172,870 1,925,650 -11.38 1,901,900 -1.23 1,929,306 1.44 1,769,094 -8.30 -5.0
Local advertising revenue 0 0 0 0 0
National advertising revenue 32,449 15,832 -51.21 49,108 210.18 70,973 44.52 171,935 142.25 51.7
Other revenue 0 0 0 300 0 -100.00
Total Revenue 4,157,605 4,225,802 1.64 4,590,808 8.64 4,676,023 1.86 4,659,525 -0.35 2.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,331,325 2,378,735 2.03 2,446,351 2.84 2,603,583 6.43 2,551,456 -2.00 2.3
Technical 722,795 655,648 -9.29 697,336 6.36 705,250 1.13 684,114 -3.00 -1.4
Sales and Promotion 120,718 143,514 18.88 110,726 -22.85 87,262 -21.19 83,328 -4.51 -8.9
Administration and General 266,578 909,279 241.09 251,109 -72.38 130,643 -47.97 177,675 36.00 -9.7
Total Expenses 3,441,416 4,087,176 18.76 3,505,522 -14.23 3,526,738 0.61 3,496,573 -0.86 0.4

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 716,189 138,626 1,085,286 1,149,285 1,162,952
Depreciation 1,416 14,951 955.86 7,931 -46.95 2,839 -64.20 1,985 -30.08 8.8
P.B.I.T. 714,773 123,675 1,077,355 1,146,446 1,160,967
Interest Expense 21,139 0 -100.00 12,389 3,532 -71.49 0 -100.00
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 693,634 123,675 1,064,966 1,142,914 1,160,967

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 530,937 607,220 14.37 558,537 -8.02 216,186 -61.29 925,290 328.01 14.9
Script & concept 0 0 0 0 0
Filler Programming + Program Production 937,235 1,019,818 8.81 1,255,111 23.07 1,603,528 27.76 1,038,066 -35.26 2.6
Investment in Programming 341,875 0 -100.00 0 0 0 -100.0
Total Canadian Programming 1,810,047 1,627,038 -10.11 1,813,648 11.47 1,819,714 0.33 1,963,356 7.89 2.1
Canadian Programming/Revenue (%) 43.54 38.50 39.51 38.92 42.14

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 878,830 819,594 -6.74 819,000 -0.07 943,838 15.24 299,270 -68.29 -23.6
Average Staff Count 12 11 -8.33 11 0.00 17 54.55 17 0.00
Avg Remuneration ($) 73,236 74,509 1.74 74,455 -0.07 55,520 -25.43 17,604 -68.29 -30.0

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 956,645 1,007,470 5.31 1,023,206 1.56 993,898 -2.86 951,443 -4.27 -0.1

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 17.2 3.3 23.6 24.6 25.0
P.B.I.T. Margin 17.2 2.9 23.5 24.5 24.9
Pre-tax Margin 16.7 2.9 23.2 24.4 24.9

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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