Pay and Specialty - W Movies (formerly SexTV: The 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
305427636 W Movies (formerly SexTV: The Channel) 7202377 Canada Inc. Corus Entertainment 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 5,836,876 6,458,378 10.65 7,413,357 14.79 7,650,029 3.19 7,012,101 -8.34 4.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,866,993 3,221,497 12.37 3,007,213 -6.65 2,850,231 -5.22 3,549,225 24.52 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 846,129 866,765 2.44 686,391 -20.81 582,674 -15.11 808,587 38.77 -1.1
Script & concept 8,593 54,088 529.44 53,922 -0.31 28,087 -47.91 43,754 55.78 50.2
Filler Programming + Program Production 241,542 398,830 65.12 400,271 0.36 345,057 -13.79 429,807 24.56 15.5
Investment in Programming 0 0 0 0 45,000
Total Canadian Programming 1,096,264 1,319,683 20.38 1,140,584 -13.57 955,818 -16.20 1,327,148 38.85 4.9
Canadian Programming/Revenue (%) 18.78 20.43 15.39 12.49 18.93

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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