Pay and Specialty - YOOPA (formerly TVA Junior)

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
535429402 YOOPA (formerly TVA Junior) Groupe TVA inc. Les Placements Péladeau inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 1,186,313 2,021,542 70.41 2,990,129 47.91 1,992,677 -33.36 2,809,159 40.97 24.1
DTH revenue 1,022,099 1,354,727 32.54 1,760,187 29.93 1,713,929 -2.63 1,226,002 -28.47 4.7
Local advertising revenue 0 0 0 0 0
National advertising revenue 0 0 -8 0 -100.00 0
Other revenue 39,831 31,105 -21.91 19,506 -37.29 17,088 -12.40 0 -100.00 -100.0
Total Revenue 2,248,243 3,407,374 51.56 4,769,814 39.99 3,723,694 -21.93 4,035,161 8.36 15.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,100,097 2,132,641 1.55 2,821,206 32.29 3,230,019 14.49 3,430,436 6.20 13.1
Technical 484,548 667,527 37.76 428,738 -35.77 208,788 -51.30 88,727 -57.50 -34.6
Sales and Promotion 340,599 436,178 28.06 662,107 51.80 428,017 -35.36 321,726 -24.83 -1.4
Administration and General 365,826 298,555 -18.39 233,487 -21.79 257,167 10.14 190,987 -25.73 -15.0
Total Expenses 3,291,070 3,534,901 7.41 4,145,538 17.27 4,123,991 -0.52 4,031,876 -2.23 5.2

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -1,042,827 -127,527 624,276 -400,297 3,285
Depreciation 165,200 100,000 -39.47 100,000 0.00 100,000 0.00 100,000 0.00 -11.8
P.B.I.T. -1,208,027 -227,527 524,276 -500,297 -96,715
Interest Expense 155,800 156,417 0.40 160,623 2.69 127,555 -20.59 87,888 -31.10
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit -1,363,827 -383,944 363,653 -627,852 -184,603

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 1,433,595 1,525,860 6.44 2,031,913 33.17 2,399,655 18.10 2,602,438 8.45 16.1
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 0 0 0 0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 1,433,595 1,525,860 6.44 2,031,913 33.17 2,399,655 18.10 2,602,438 8.45 16.1
Canadian Programming/Revenue (%) 63.77 44.78 42.60 64.44 64.49

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 162,162 344,563 112.48 162,011 -52.98 106,382 -34.34 244,691 130.01 10.8
Average Staff Count 3 3 0.00 2 -33.33 2 0.00 2.52 26.00
Avg Remuneration ($) 54,054 114,854 112.48 81,006 -29.47 53,191 -34.34 97,100 82.55 15.8

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 405,686 763,352 88.16 772,662 1.22 797,566 3.22 667,314 -16.33 13.3

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -46.4 -3.7 13.1 -10.7 0.1
P.B.I.T. Margin -53.7 -6.7 11.0 -13.4 -2.4
Pre-tax Margin -60.7 -11.3 7.6 -16.9 -4.6

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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