Pay and Specialty - ATN Zee Cinema (formerly ATN – Hindi Movie Channel Two)

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
535420294 ATN Zee Cinema (formerly ATN – Hindi Movie Channel Two) 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 80,780 90,684 12.26 -100.00
DTH revenue 150,021 168,414 12.26 -100.00
Local advertising revenue 116,319 74,895 -35.61 -100.00
National advertising revenue 62,634 40,329 -35.61 -100.00
Other revenue 0 0
Total Revenue 409,754 374,322 -8.65 -100.00

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 174,873 196,105 12.14 -100.00
Technical 46,648 91,044 95.17 -100.00
Sales and Promotion 53,814 67,290 25.04 -100.00
Administration and General 61,179 54,976 -10.14 -100.00
Total Expenses 336,514 409,415 21.66 -100.00

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 73,240 -35,093
Depreciation 2,132 3,370 58.07 -100.00
P.B.I.T. 71,108 -38,463
Interest Expense -141 122 -186.52 -100.00
Adjustments - Gain (Loss) -16 500 >999± -100.00
Pre-tax Profit 71,233 -38,085

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 111,078 122,946 10.68 -100.00
Investment in Programming 0 0
Total Canadian Programming 111,078 122,946 10.68 -100.00
Canadian Programming/Revenue (%) 27.11 32.84

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 101,517 117,141 15.39 -100.00
Average Staff Count 3 2.6 -13.33 -100.00
Avg Remuneration ($) 33,839 45,054 33.14 -100.00

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 12,282 5,604 -54.37 -100.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 17.9 -9.4
P.B.I.T. Margin 17.4 -10.3
Pre-tax Margin 17.4 -10.2

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

Date modified: