Pay and Specialty - Aboriginal Peoples Television Network (APTN)

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
535437471 Aboriginal Peoples Television Network (APTN) Aboriginal Peoples Television Network Incorporated Aboriginal Peoples Television Network Incorporated Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 38,404,232 40,404,938 5.21
DTH revenue 0 0
Local advertising revenue 0 0
National advertising revenue 2,392,669 2,664,900 11.38
Other revenue 2,391,086 2,284,116 -4.47
Total Revenue 43,187,987 45,353,954 5.02

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 21,898,118 22,266,000 1.68
Technical 6,182,991 5,832,397 -5.67
Sales and Promotion 3,120,479 3,176,398 1.79
Administration and General 5,288,754 5,593,853 5.77
Total Expenses 36,490,342 36,868,648 1.04

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 6,697,645 8,485,306
Depreciation 1,837,841 1,655,106 -9.94
P.B.I.T. 4,859,804 6,830,200
Interest Expense 365,051 456,068 24.93
Adjustments - Gain (Loss) 54,874 39,248 -28.48
Pre-tax Profit 4,549,627 6,413,380

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 14,793,786 14,854,570 0.41
Script & concept 971,312 1,200,896 23.64
Filler Programming + Program Production 5,648,305 5,791,007 2.53
Investment in Programming 0 0
Total Canadian Programming 21,413,403 21,846,473 2.02
Canadian Programming/Revenue (%) 49.58 48.17

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 11,762,079 11,859,829 0.83
Average Staff Count 162 160 -1.23
Avg Remuneration ($) 72,605 74,124 2.09

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 11,035,699 10,861,542 -1.58

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 15.5 18.7
P.B.I.T. Margin 11.3 15.1
Pre-tax Margin 10.5 14.1

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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