Pay and Specialty - Casa - (formerly Les idées de ma maison)

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
535421276 Casa - (formerly Les idées de ma maison) Groupe TVA inc. Les Placements Péladeau inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 1,905,717 2,745,218 44.05 3,379,356 23.10 3,631,970 7.48 4,696,858 29.32 25.3
DTH revenue 1,528,037 1,628,960 6.60 1,760,153 8.05 2,008,437 14.11 1,637,487 -18.47 1.7
Local advertising revenue 0 0 0 0 0
National advertising revenue 1,467,686 2,441,385 66.34 2,740,094 12.24 3,455,632 26.11 3,195,000 -7.54 21.5
Other revenue 132,308 238,917 80.58 214,486 -10.23 262,561 22.41 199,865 -23.88 10.9
Total Revenue 5,033,748 7,054,480 40.14 8,094,089 14.74 9,358,600 15.62 9,729,210 3.96 17.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,294,915 5,698,621 32.68 6,263,263 9.91 6,714,111 7.20 7,313,141 8.92 14.2
Technical 421,779 667,878 58.35 577,907 -13.47 286,387 -50.44 170,547 -40.45 -20.3
Sales and Promotion 794,416 739,343 -6.93 1,101,675 49.01 703,965 -36.10 732,906 4.11 -2.0
Administration and General 274,908 143,565 -47.78 238,199 65.92 371,881 56.12 427,487 14.95 11.7
Total Expenses 5,786,018 7,249,407 25.29 8,181,044 12.85 8,076,344 -1.28 8,644,081 7.03 10.6

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -752,270 -194,927 -86,955 1,282,256 1,085,129
Depreciation 100,000 100,000 0.00 100,000 0.00 100,000 0.00 100,000 0.00 0.0
P.B.I.T. -852,270 -294,927 -186,955 1,182,256 985,129
Interest Expense 200,000 156,417 -21.79 160,623 2.69 127,555 -20.59 87,888 -31.10
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit -1,052,270 -451,344 -347,578 1,054,701 897,241

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 3,660,265 4,939,380 34.95 5,390,726 9.14 5,800,387 7.60 6,258,905 7.90 14.4
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 0 0 0 0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 3,660,265 4,939,380 34.95 5,390,726 9.14 5,800,387 7.60 6,258,905 7.90 14.4
Canadian Programming/Revenue (%) 72.71 70.02 66.60 61.98 64.33

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 253,590 320,982 26.58 172,935 -46.12 103,533 -40.13 235,349 127.32 -1.9
Average Staff Count 3 3 0.00 2 -33.33 2 0.00 2 0.00
Avg Remuneration ($) 84,530 106,994 26.58 86,468 -19.18 51,767 -40.13 117,675 127.32 8.6

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 700,067 811,338 15.89 924,632 13.96 1,068,662 15.58 1,163,328 8.86 13.5

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -14.9 -2.8 -1.1 13.7 11.2
P.B.I.T. Margin -16.9 -4.2 -2.3 12.6 10.1
Pre-tax Margin -20.9 -6.4 -4.3 11.3 9.2

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

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