Pay and Specialty - addikTV (formerly Mystère)

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
205424104 addikTV (formerly Mystère) Groupe TVA inc. Les Placements Péladeau inc. Specialty (category A service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 3,021,749 3,669,608 21.44 4,292,762 16.98 4,840,027 12.75 6,203,679 28.17 19.7
DTH revenue 2,089,341 2,173,622 4.03 2,318,273 6.65 2,587,404 11.61 2,009,539 -22.33 -1.0
Local advertising revenue 0 0 0 0 0
National advertising revenue 1,403,908 2,657,942 89.32 3,769,472 41.82 3,622,691 -3.89 3,835,046 5.86 28.6
Other revenue 9,004 145,564 >999± 213,364 46.58 140,749 -34.03 83,683 -40.54 74.6
Total Revenue 6,524,002 8,646,736 32.54 10,593,871 22.52 11,190,871 5.64 12,131,947 8.41 16.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,049,391 5,117,836 26.39 6,273,012 22.57 7,772,011 23.90 8,312,511 6.95 19.7
Technical 490,854 670,044 36.51 579,667 -13.49 448,130 -22.69 407,085 -9.16 -4.6
Sales and Promotion 545,274 752,231 37.95 1,231,645 63.73 945,420 -23.24 936,764 -0.92 14.5
Administration and General 140,608 129,928 -7.60 157,646 21.33 442,230 180.52 498,484 12.72 37.2
Total Expenses 5,226,127 6,670,039 27.63 8,241,970 23.57 9,607,791 16.57 10,154,844 5.69 18.1

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 1,297,875 1,976,697 2,351,901 1,583,080 1,977,103
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. 1,197,875 1,876,697 2,251,901 1,483,080 1,877,103
Interest Expense 250,000 105,416 -57.83 108,250 2.69 85,964 -20.59 59,231 -31.10
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 947,875 1,771,281 2,143,651 1,397,116 1,817,872

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 1,933,364 2,526,820 30.70 3,349,080 32.54 4,224,102 26.13 4,657,074 10.25 24.6
Script & concept 0 35,587 0 -100.00 0 0
Filler Programming + Program Production 0 0 0 0 0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 1,933,364 2,562,407 32.54 3,349,080 30.70 4,224,102 26.13 4,657,074 10.25 24.6
Canadian Programming/Revenue (%) 29.63 29.63 31.61 37.75 38.39

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 172,249 230,054 33.56 163,803 -28.80 106,750 -34.83 276,324 158.85 12.5
Average Staff Count 2 2 0.00 2 0.00 2 0.00 3 50.00
Avg Remuneration ($) 86,125 115,027 33.56 81,902 -28.80 53,375 -34.83 92,108 72.57 1.7

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 872,852 997,196 14.25 1,107,005 11.01 1,252,770 13.17 1,357,748 8.38 11.7

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 19.9 22.9 22.2 14.1 16.3
P.B.I.T. Margin 18.4 21.7 21.3 13.3 15.5
Pre-tax Margin 14.5 20.5 20.2 12.5 15.0

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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