Pay and Specialty - BC News 1 (formerly Global News Plus BC)

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
535434906 BC News 1 (formerly Global News Plus BC) Shaw Television Limited Partnership Shaw Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 507,516 1,065,076 109.86 942,245 -11.53
DTH revenue 0 82,614 136,952 65.77
Local advertising revenue 0 0 0
National advertising revenue 218,277 360,535 65.17 438,979 21.76
Other revenue 0 0 0
Total Revenue 725,793 1,508,225 107.80 1,518,176 0.66

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 1,968,836 4,239,591 115.33 4,170,536 -1.63
Technical 311,885 729,544 133.91 720,820 -1.20
Sales and Promotion 484,230 90,183 -81.38 154,163 70.94
Administration and General 600,235 1,204,165 100.62 1,253,377 4.09
Total Expenses 3,365,186 6,263,483 86.13 6,298,896 0.57

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -2,639,393 -4,755,258 -4,780,720
Depreciation 0 0 0
P.B.I.T. -2,639,393 -4,755,258 -4,780,720
Interest Expense 0 0 0
Adjustments - Gain (Loss) 0 0 0
Pre-tax Profit -2,639,393 -4,755,258 -4,780,720

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0 0
Script & concept 0 0 0
Filler Programming + Program Production 1,818,587 3,758,631 106.68 3,706,361 -1.39
Investment in Programming 0 0 0
Total Canadian Programming 1,818,587 3,758,631 106.68 3,706,361 -1.39
Canadian Programming/Revenue (%) 250.57 249.21 244.13

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 2,036,442 4,143,710 103.48 4,056,487 -2.10
Average Staff Count 23 45 95.65 44 -2.22
Avg Remuneration ($) 88,541 92,082 4.00 92,193 0.12

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 856,226 924,098 7.93 882,285 -4.52

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -363.7 -315.3 -314.9
P.B.I.T. Margin -363.7 -315.3 -314.9
Pre-tax Margin -363.7 -315.3 -314.9

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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