H2 (formerly The Cave, Men TV)

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
205424055 H2 (formerly The Cave, Men TV) Men TV General Partnership Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 2,194,785 3,038,263 38.43 3,896,878 28.26 4,413,737 13.26 4,686,264 6.17 20.9
DTH subscriber revenue 2,494,045 1,933,948 -22.46 1,667,539 -13.78 1,617,543 -3.00 1,541,309 -4.71 -11.3
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 238,540 1,573,364 559.58 2,529,976 60.80 3,326,868 31.50 3,155,744 -5.14 90.7
Other revenue 765 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Total Revenue 4,928,135 6,545,575 32.82 8,094,393 23.66 9,358,148 15.61 9,383,317 0.27 17.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 4,958,284 2,161,740 -56.40 2,075,169 -4.00 2,091,790 0.80 1,923,138 -8.06 -21.1
Technical 952,961 815,077 -14.47 767,551 -5.83 782,914 2.00 805,573 2.89 -4.1
Sales and Promotion 211,931 339,740 60.31 172,692 -49.17 176,599 2.26 170,372 -3.53 -5.3
Administration and General 291,623 1,548,134 430.87 1,806,090 16.66 2,091,422 15.80 1,738,569 -16.87 56.3
Total Expenses 6,414,799 4,864,691 -24.16 4,821,502 -0.89 5,142,725 6.66 4,637,652 -9.82 -7.8
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -1,486,664 1,680,884 - 3,272,891 - 4,215,423 - 4,745,665 - -
Depreciation 0 13,238 n/a 19,513 47.40 19,513 0.00 19,513 0.00 n/a
P.B.I.T. -1,486,664 1,667,646 - 3,253,378 - 4,195,910 - 4,726,152 - -
Interest Expense 0 -160 n/a 0 -100.00 0 n/a 95,043 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit -1,486,664 1,667,806 - 3,253,378 - 4,195,910 - 4,631,109 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 3,946,246 72,351 -98.17 26,156 -63.85 44,326 69.47 11,239 -74.64 -76.9
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 0 538,325 n/a 525,957 -2.30 490,793 -6.69 417,612 -14.91 n/a
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 3,946,246 610,676 -84.53 552,113 -9.59 535,119 -3.08 428,851 -19.86 -42.6
Canadian Programming/Revenue (%) 80.08 9.33 - 6.82 - 5.72 - 4.57 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 0 1,528,956 n/a 1,321,682 -13.56 1,193,726 -9.68 1,241,449 4.00 n/a
Total Staff Count 0 17 n/a 15 -11.76 13 -13.33 13 0.00 -
Average Remuneration ($) n/a 89,939 n/a 88,112 -2.03 91,825 4.21 95,496 4.00 n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
969,484 3,093,204 219.06 2,954,240 -4.49 2,816,403 -4.67 2,665,403 -5.36 28.8
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -30.2 25.7 - 40.4 - 45.0 - 50.6 - -
P.B.I.T. Margin -30.2 25.5 - 40.2 - 44.8 - 50.4 - -
Pre-tax Margin -30.2 25.5 - 40.2 - 44.8 - 49.4 - -

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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