Pay and Specialty - Crime + Investigation (formerly Mystery)

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
305423907 Crime + Investigation (formerly Mystery) Mystery Partnership Shaw Communications Inc. Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,484,286 4,649,895 33.45 5,245,624 12.81 6,237,318 18.91 7,548,999 21.03 21.3
DTH revenue 4,553,531 4,387,278 -3.65 4,132,325 -5.81 4,162,019 0.72 4,225,930 1.54 -1.9
Local advertising revenue 0 0 0 0 0
National advertising revenue 4,853,906 5,504,016 13.39 6,498,514 18.07 7,378,274 13.54 7,384,225 0.08 11.1
Other revenue 166 0 -100.00 0 0 0 -100.0
Total Revenue 12,891,889 14,541,189 12.79 15,876,463 9.18 17,777,611 11.97 19,159,154 7.77 10.4

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 7,657,339 6,485,898 -15.30 6,613,868 1.97 6,528,614 -1.29 5,751,918 -11.90 -6.9
Technical 548,103 714,256 30.31 615,572 -13.82 545,951 -11.31 542,437 -0.64 -0.3
Sales and Promotion 801,832 514,674 -35.81 169,205 -67.12 165,383 -2.26 194,132 17.38 -29.9
Administration and General 553,796 834,526 50.69 953,074 14.21 1,434,258 50.49 1,838,162 28.16 35.0
Total Expenses 9,561,070 8,549,354 -10.58 8,351,719 -2.31 8,674,206 3.86 8,326,649 -4.01 -3.4

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 3,330,819 5,991,835 7,524,744 9,103,405 10,832,505
Depreciation 0 0 0 0 0
P.B.I.T. 3,330,819 5,991,835 7,524,744 9,103,405 10,832,505
Interest Expense 0 -27,721 -6,513 -76.51 0 -100.00 0
Adjustments - Gain (Loss) 21,938 0 -100.00 0 0 0
Pre-tax Profit 3,352,757 6,019,556 7,531,257 9,103,405 10,832,505

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 5,002,864 4,036,180 -19.32 4,010,728 -0.63 3,995,408 -0.38 2,350,718 -41.16 -17.2
Script & concept 0 26,000 0 -100.00 0 0
Filler Programming + Program Production 0 432,716 284,564 -34.24 300,476 5.59 351,118 16.85
Investment in Programming 0 0 0 0 0
Total Canadian Programming 5,002,864 4,494,896 -10.15 4,295,292 -4.44 4,295,884 0.01 2,701,836 -37.11 -14.3
Canadian Programming/Revenue (%) 38.81 30.91 27.05 24.16 14.10

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 956,828 903,831 -5.54 883,702 -2.23 1,143,964 29.45 1,046,306 -8.54 2.3
Average Staff Count 17 12 -29.41 11 -8.33 14 27.27 12 -14.29
Avg Remuneration ($) 56,284 75,319 33.82 80,337 6.66 81,712 1.71 87,192 6.71 11.6

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,732,090 1,966,210 13.52 2,016,325 2.55 3,202,266 58.82 3,193,398 -0.28 16.5

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 25.8 41.2 47.4 51.2 56.5
P.B.I.T. Margin 25.8 41.2 47.4 51.2 56.5
Pre-tax Margin 26.0 41.4 47.4 51.2 56.5

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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