National Geographic Channel

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424294 National Geographic Channel NGC Channel Inc. Corus Entertainment Inc.                                    Specialty (category B service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 7,861,161 8,879,756 12.96 9,132,062 2.84 8,948,752 -2.01 - - -
DTH subscriber revenue 3,533,198 4,655,095 31.75 4,801,280 3.14 4,417,728 -7.99 - - -
Local advertising revenue 0 0 n/a 0 n/a 0 n/a - - -
National advertising revenue 11,222,074 12,010,234 7.02 13,434,211 11.86 13,575,823 1.05 - - -
Other revenue 0 1 n/a 0 -100.00 0 n/a - - -
Total Revenue 22,616,433 25,545,086 12.95 27,367,553 7.13 26,942,303 -1.55 25,805,242 -4.22 3.4
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 3,285,240 3,719,241 13.21 4,460,045 19.92 4,557,875 2.19 4,435,986 -2.67 7.8
Technical 730,957 706,709 -3.32 578,268 -18.17 628,566 8.70 - - -
Sales and Promotion 800,696 1,073,972 34.13 246,414 -77.06 174,090 -29.35 - - -
Administration and General 3,658,999 3,591,628 -1.84 3,719,636 3.56 4,241,650 14.03 - - -
Total Expenses 8,475,892 9,091,550 7.26 9,004,363 -0.96 9,602,181 6.64 - - -
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 14,140,541 16,453,536 - 18,363,190 - 17,340,122 - - - -
Depreciation -5,981 0 -100.00 0 n/a 0 n/a - - -
P.B.I.T. 14,146,522 16,453,536 - 18,363,190 - 17,340,122 - - - -
Interest Expense 0 -13,114 n/a -21,856 66.66 -31,346 43.42 - - -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a - - -
Pre-tax Profit 14,146,522 16,466,650 - 18,385,046 - 17,371,468 - - - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 383,422 544,562 42.03 971,875 78.47 962,270 -0.99 576,612 -40.08 10.7
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 561,595 572,940 2.02 574,377 0.25 431,639 -24.85 369,928 -14.30 -9.9
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 945,017 1,117,502 18.25 1,546,252 38.37 1,393,909 -9.85 946,540 -32.09 0.0
Canadian Programming/Revenue (%) 4.18 4.37 - 5.65 - 5.17 - 3.67 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,327,814 1,208,924 -8.95 1,159,777 -4.07 1,087,553 -6.23 - - -
Total Staff Count 16 14 -12.50 13 -7.14 12 -7.69 - - -
Average Remuneration ($) 82,988 86,352 4.05 89,214 3.31 90,629 1.59 - - -
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,480,322 7,125,246 9.95 5,615,325 -21.19 5,053,294 -10.01 - - -
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 62.5 64.4 - 67.1 - 64.4 - - - -
P.B.I.T. Margin 62.5 64.4 - 67.1 - 64.4 - - - -
Pre-tax Margin 62.5 64.5 - 67.2 - 64.5 - - - -

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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