Pay and Specialty - Cosmopolitan TV (formerly Cosmopolitan Television)

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
535425723 Cosmopolitan TV (formerly Cosmopolitan Television) Cosmopolitan Television Canada Company Corus Entertainment Inc. 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 10,221,154 12,410,361 21.42 11,684,310 -5.85 9,670,271 -17.24 8,606,368 -11.00 -4.2

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,222,432 5,116,014 21.16 5,547,792 8.44 4,544,442 -18.09 3,876,490 -14.70 -2.1
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 1,164,620 1,358,027 16.61 1,413,182 4.06 833,015 -41.05 391,602 -52.99 -23.9
Script & concept 82,385 85,394 3.65 88,393 3.51 117,179 32.57 94,533 -19.33 3.5
Filler Programming + Program Production 224,091 386,040 72.27 344,004 -10.89 353,800 2.85 365,781 3.39 13.0
Investment in Programming 0 0 0 30,573 45,701 49.48
Total Canadian Programming 1,471,096 1,829,461 24.36 1,845,579 0.88 1,334,567 -27.69 897,617 -32.74 -11.6
Canadian Programming/Revenue (%) 14.39 14.74 15.80 13.80 10.43

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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