Pay and Specialty - The NHL Network

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
305425789 The NHL Network The NHL Network Inc. 3918921 Canada Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 11,970,969 12,550,023 4.84 12,299,336 -2.00 12,583,172 2.31 10,735,840 -14.68 -2.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,638,366 4,698,457 1.30 4,574,933 -2.63 5,563,522 21.61 3,707,044 -33.37 -5.5
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 300,000 300,000 0.00 300,000 0.00 0 -100.00 0 -100.0
Script & concept 0 0 0 0 0
Filler Programming + Program Production 2,776,885 2,786,996 0.36 2,263,039 -18.80 3,354,007 48.21 2,964,945 -11.60 1.7
Investment in Programming 0 0 0 0 0
Total Canadian Programming 3,076,885 3,086,996 0.33 2,563,039 -16.97 3,354,007 30.86 2,964,945 -11.60 -0.9
Canadian Programming/Revenue (%) 25.70 24.60 20.84 26.65 27.62

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($)
Average Staff Count
Avg Remuneration ($)

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers

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

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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