Pay and Specialty - Viceland (formerly The Biography 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
305424012 Viceland (formerly The Biography Channel) Rogers Media Inc. Rogers Communications Inc. Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,558,066 3,723,170 4.64 3,919,228 5.27 3,651,938 -6.82 3,546,854 -2.88 -0.1
DTH revenue 3,616,061 3,450,776 -4.57 3,114,199 -9.75 2,889,882 -7.20 2,209,754 -23.53 -11.6
Local advertising revenue 0 0 0 0 0
National advertising revenue 796,206 972,522 22.14 1,144,620 17.70 813,417 -28.94 603,757 -25.78 -6.7
Other revenue 36,050 0 -100.00 0 1 0 -100.00 -100.0
Total Revenue 8,006,383 8,146,468 1.75 8,178,047 0.39 7,355,238 -10.06 6,360,365 -13.53 -5.6

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,826,070 4,172,314 -13.55 4,437,926 6.37 4,100,427 -7.60 4,823,960 17.65 0.0
Technical 557,781 549,663 -1.46 605,242 10.11 599,930 -0.88 585,241 -2.45 1.2
Sales and Promotion 160,647 64,328 -59.96 94,232 46.49 57,922 -38.53 59,678 3.03 -21.9
Administration and General 945,370 721,703 -23.66 785,150 8.79 535,995 -31.73 650,324 21.33 -8.9
Total Expenses 6,489,868 5,508,008 -15.13 5,922,550 7.53 5,294,274 -10.61 6,119,203 15.58 -1.5

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 1,516,515 2,638,460 2,255,497 2,060,964 241,162
Depreciation 3,693 3,392 -8.15 3,861 13.83 4,490 16.29 4,224 -5.92 3.4
P.B.I.T. 1,512,822 2,635,068 2,251,636 2,056,474 236,938
Interest Expense 634 712 12.30 272 -61.80 516 89.71 0 -100.00
Adjustments - Gain (Loss) -196,429 0 -100.00 0 0 0
Pre-tax Profit 1,315,759 2,634,356 2,251,364 2,055,958 236,938

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 2,367,209 1,576,932 -33.38 1,878,489 19.12 2,322,976 23.66 4,057,383 74.66 14.4
Script & concept 0 0 0 0 0
Filler Programming + Program Production 1,242,816 1,306,829 5.15 1,441,341 10.29 1,040,907 -27.78 0 -100.00 -100.0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 3,610,025 2,883,761 -20.12 3,319,830 15.12 3,363,883 1.33 4,057,383 20.62 3.0
Canadian Programming/Revenue (%) 45.09 35.40 40.59 45.73 63.79

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 1,843,098 1,275,952 -30.77 1,177,754 -7.70 868,895 -26.22 483,127 -44.40 -28.5
Average Staff Count 17 17 0.00 16 -5.88 13 -18.75 8.76 -32.62
Avg Remuneration ($) 108,418 75,056 -30.77 73,610 -1.93 66,838 -9.20 55,151 -17.48 -15.6

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 2,289,042 2,247,080 -1.83 2,140,000 -4.77 1,986,000 -7.20 1,632,000 -17.82 -8.1

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 18.9 32.4 27.6 28.0 3.8
P.B.I.T. Margin 18.9 32.3 27.5 28.0 3.7
Pre-tax Margin 16.4 32.3 27.5 28.0 3.7

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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