Pay and Specialty - ATN Cricket Plus (ATN – Asian Sports Network (ASN))

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
535421987 ATN Cricket Plus (ATN – Asian Sports Network (ASN)) Asian Television Network International Limited Chandrasekar, Shan Pay-TV (category B service) 2012

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 81,420 107,922 32.55 -100.00
DTH revenue 151,209 200,427 32.55 -100.00
Local advertising revenue 18,774 6,737 -64.12 -100.00
National advertising revenue 10,109 3,628 -64.11 -100.00
Other revenue 0 0
Total Revenue 261,512 318,714 21.87 -100.00

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 928,109 514,878 -44.52 -100.00
Technical 40,042 41,980 4.84 -100.00
Sales and Promotion 22,836 22,342 -2.16 -100.00
Administration and General 61,348 44,671 -27.18 -100.00
Total Expenses 1,052,335 623,871 -40.72 -100.00

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -790,823 -305,157
Depreciation 2,147 4,011 86.82 -100.00
P.B.I.T. -792,970 -309,168
Interest Expense -142 145 -202.11 -100.00
Adjustments - Gain (Loss) -16 250 >999± -100.00
Pre-tax Profit -792,844 -309,063

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0
Script & concept 0 0
Filler Programming + Program Production 91,855 111,427 21.31 -100.00
Investment in Programming 0 0
Total Canadian Programming 91,855 111,427 21.31 -100.00
Canadian Programming/Revenue (%) 35.12 34.96

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 70,764 40,451 -42.84 -100.00
Average Staff Count 2 0.9 -55.00 -100.00
Avg Remuneration ($) 35,382 44,946 27.03 -100.00

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 9,031 6,480 -28.25 -100.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -302.4 -95.7
P.B.I.T. Margin -303.2 -97.0
Pre-tax Margin -303.2 -97.0

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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