Pay and Specialty - D.I.Y. Network (formerly D.I.Y. 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
535421151 D.I.Y. Network (formerly D.I.Y. Television) HGTV Canada Inc. Shaw Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 2,493,399 3,917,663 57.12 3,683,275 -5.98 3,965,287 7.66 3,909,987 -1.39 11.9
DTH revenue 3,078,885 2,226,272 -27.69 2,091,701 -6.04 2,101,851 0.49 2,166,120 3.06 -8.4
Local advertising revenue 0 0 0 0 0
National advertising revenue 4,265,326 4,598,700 7.82 4,656,343 1.25 6,025,461 29.40 5,419,727 -10.05 6.2
Other revenue 0 0 0 0 0
Total Revenue 9,837,610 10,742,635 9.20 10,431,319 -2.90 12,092,599 15.93 11,495,834 -4.93 4.0

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 987,351 999,661 1.25 994,575 -0.51 1,109,884 11.59 1,630,366 46.90 13.4
Technical 669,774 653,432 -2.44 633,601 -3.03 489,595 -22.73 549,651 12.27 -4.8
Sales and Promotion 594,916 279,076 -53.09 206,201 -26.11 345,031 67.33 184,909 -46.41 -25.3
Administration and General 1,364,076 1,382,428 1.35 1,348,031 -2.49 1,741,690 29.20 1,888,480 8.43 8.5
Total Expenses 3,616,117 3,314,597 -8.34 3,182,408 -3.99 3,686,200 15.83 4,253,406 15.39 4.1

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 6,221,493 7,428,038 7,248,911 8,406,399 7,242,428
Depreciation 0 0 0 0 0
P.B.I.T. 6,221,493 7,428,038 7,248,911 8,406,399 7,242,428
Interest Expense -7,753 -599 -92.27 0 -100.00 0 0
Adjustments - Gain (Loss) 0 0 0 0 0
Pre-tax Profit 6,229,246 7,428,637 7,248,911 8,406,399 7,242,428

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 57,189 57,700 0.89 59,170 2.55 60,849 2.84 47,321 -22.23 -4.6
Script & concept 0 0 0 0 0
Filler Programming + Program Production 274,678 246,813 -10.14 224,908 -8.88 248,384 10.44 231,610 -6.75 -4.2
Investment in Programming 0 0 0 0 0
Total Canadian Programming 331,867 304,513 -8.24 284,078 -6.71 309,233 8.85 278,931 -9.80 -4.3
Canadian Programming/Revenue (%) 3.37 2.83 2.72 2.56 2.43

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 813,435 1,038,852 27.71 1,003,324 -3.42 961,589 -4.16 998,154 3.80 5.3
Average Staff Count 11 12 9.09 11 -8.33 11 0.00 11 0.00
Avg Remuneration ($) 73,949 86,571 17.07 91,211 5.36 87,417 -4.16 90,741 3.80 5.3

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 2,200,219 2,484,142 12.90 3,233,203 30.15 3,256,020 0.71 3,248,921 -0.22 10.2

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 63.2 69.1 69.5 69.5 63.0
P.B.I.T. Margin 63.2 69.1 69.5 69.5 63.0
Pre-tax Margin 63.3 69.2 69.5 69.5 63.0

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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