Pay and Specialty - ERT sat (formerly Odyssey II)

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
305425375 ERT sat (formerly Odyssey II) 1494679 Ontario Inc. Odyssey Television Network 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 567,432 524,470 -7.57 630,574 20.23 146,104 -76.83 130,893 -10.41 -30.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 468,762 446,536 -4.74 388,473 -13.00 53,081 -86.34 24,228 -54.36 -52.3
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 20,000 0 -100.00 0 0 0 -100.0
Script & concept 0 20,000 20,000 0.00 20,000 0.00 10,000 -50.00
Filler Programming + Program Production 67,758 96,376 42.24 350,056 263.22 25,656 -92.67 14,228 -44.54 -32.3
Investment in Programming 0 0 0 0 0
Total Canadian Programming 87,758 116,376 32.61 370,056 217.98 45,656 -87.66 24,228 -46.93 -27.5
Canadian Programming/Revenue (%) 15.47 22.19 58.69 31.25 18.51

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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