Pay and Specialty - ATN NDTV 24/7 (formerly ATN – South Asian News – English)

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
535420335 ATN NDTV 24/7 (formerly ATN – South Asian News – English) 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 439,618 319,295 -27.37 -100.00
DTH revenue 816,433 592,978 -27.37 -100.00
Local advertising revenue 159,944 116,704 -27.03 -100.00
National advertising revenue 86,124 62,841 -27.03 -100.00
Other revenue 0 0
Total Revenue 1,502,119 1,091,818 -27.31 -100.00

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 892,754 659,354 -26.14 -100.00
Technical 80,118 63,942 -20.19 -100.00
Sales and Promotion 67,669 59,506 -12.06 -100.00
Administration and General 156,158 100,204 -35.83 -100.00
Total Expenses 1,196,699 883,006 -26.21 -100.00

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 305,420 208,812
Depreciation 11,600 11,866 2.29 -100.00
P.B.I.T. 293,820 196,946
Interest Expense -768 428 -155.73 -100.00
Adjustments - Gain (Loss) -16 208 >999± -100.00
Pre-tax Profit 294,572 196,726

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 545,573 401,763 -26.36 -100.00
Investment in Programming 0 0
Total Canadian Programming 545,573 401,763 -26.36 -100.00
Canadian Programming/Revenue (%) 36.32 36.80

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 220,951 152,914 -30.79 -100.00
Average Staff Count 5 4.08 -18.40 -100.00
Avg Remuneration ($) 44,190 37,479 -15.19 -100.00

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 32,353 35,500 9.73 -100.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 20.3 19.1
P.B.I.T. Margin 19.6 18.0
Pre-tax Margin 19.6 18.0

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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