Pay and Specialty - DejaView

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
305426050 DejaView 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 2,491,846 2,866,314 15.03 2,983,060 4.07 3,072,572 3.00 3,194,530 3.97 6.4
DTH revenue 2,234,591 2,238,841 0.19 2,210,937 -1.25 2,190,110 -0.94 2,367,202 8.09 1.5
Local advertising revenue 0 0 0 0 0
National advertising revenue 2,687,697 3,094,693 15.14 2,629,926 -15.02 2,719,883 3.42 2,429,995 -10.66 -2.5
Other revenue 0 0 0 0 0
Total Revenue 7,414,134 8,199,848 10.60 7,823,923 -4.58 7,982,565 2.03 7,991,727 0.11 1.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 2,414,305 2,131,769 -11.70 1,898,300 -10.95 1,746,006 -8.02 1,431,644 -18.00 -12.3
Technical 583,822 737,840 26.38 621,546 -15.76 545,818 -12.18 541,748 -0.75 -1.9
Sales and Promotion 623,726 345,197 -44.66 124,503 -63.93 127,902 2.73 138,633 8.39 -31.3
Administration and General 525,307 696,746 32.64 776,021 11.38 1,280,414 65.00 1,273,359 -0.55 24.8
Total Expenses 4,147,160 3,911,552 -5.68 3,420,370 -12.56 3,700,140 8.18 3,385,384 -8.51 -5.0

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 3,266,974 4,288,296 4,403,553 4,282,425 4,606,343
Depreciation 0 0 0 0 0
P.B.I.T. 3,266,974 4,288,296 4,403,553 4,282,425 4,606,343
Interest Expense 2,451 0 -100.00 0 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 3,264,523 4,288,296 4,403,553 4,282,425 4,606,343

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights -19,726 96,754 -590.49 139,070 43.74 101,223 -27.21 267 -99.74
Script & concept 0 0 0 0 0
Filler Programming + Program Production 0 155,566 173,273 11.38 181,982 5.03 179,478 -1.38
Investment in Programming 0 0 0 0 0
Total Canadian Programming -19,726 252,320 >999± 312,343 23.79 283,205 -9.33 179,745 -36.53
Canadian Programming/Revenue (%) -0.27 3.08 3.99 3.55 2.25

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 925,794 813,008 -12.18 786,392 -3.27 964,689 22.67 860,367 -10.81 -1.8
Average Staff Count 17 11 -35.29 10 -9.09 12 20.00 10 -16.67
Avg Remuneration ($) 54,458 73,910 35.72 78,639 6.40 80,391 2.23 86,037 7.02 12.1

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,515,568 1,633,454 7.78 1,565,370 -4.17 1,532,707 -2.09 1,506,037 -1.74 -0.2

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 44.1 52.3 56.3 53.6 57.6
P.B.I.T. Margin 44.1 52.3 56.3 53.6 57.6
Pre-tax Margin 44.0 52.3 56.3 53.6 57.6

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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