Pay and Specialty - BPM:TV (The Dance Channel)

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
305424848 BPM:TV (The Dance Channel) Stornoway Communications Limited Partnership Smith, Vincent & Co. Ltd. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 629,213 598,569 -4.87 534,067 -10.78 444,342 -16.80 133,032 -70.06 -32.2

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 339,418 397,136 17.00 367,462 -7.47 368,629 0.32 19,645 -94.67 -51.0
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 7,075 9,410 33.00 3,535 -62.43 46,471 >999± 1,045 -97.75 -38.0
Script & concept 0 0 0 0 0
Filler Programming + Program Production 292,806 324,901 10.96 285,275 -12.20 265,132 -7.06 0 -100.00 -100.0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 299,881 334,311 11.48 288,810 -13.61 311,603 7.89 1,045 -99.66 -75.7
Canadian Programming/Revenue (%) 47.66 55.85 54.08 70.13 0.79

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($)
Average Staff Count
Avg Remuneration ($)

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers

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

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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