Odyssey (formerly OTN)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417413 Odyssey (formerly OTN) Odyssey Television Network Inc. Maniatakos, Peter                                           Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,101,694 1,123,864 2.01 1,041,453 -7.33 1,068,951 2.64 1,026,130 -4.01 -1.8
DTH subscriber revenue 885,737 902,996 1.95 1,151,069 27.47 1,226,935 6.59 1,246,015 1.56 8.9
Local advertising revenue 122,350 136,278 11.38 138,177 1.39 98,888 -28.43 97,727 -1.17 -5.5
National advertising revenue 0 5,897 n/a 91,285 >999± 63,750 -30.16 73,294 14.97 n/a
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 2,109,781 2,169,035 2.81 2,421,984 11.66 2,458,524 1.51 2,443,166 -0.62 3.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,289,472 1,401,708 8.70 1,605,107 14.51 1,377,215 -14.20 1,491,870 8.33 3.7
Technical 131,643 115,700 -12.11 153,937 33.05 150,115 -2.48 193,831 29.12 10.2
Sales and Promotion 8,993 19,135 112.78 58,080 203.53 18,556 -68.05 28,794 55.17 33.8
Administration and General 149,543 59,051 -60.51 86,544 46.56 110,331 27.49 134,916 22.28 -2.5
Total Expenses 1,579,651 1,595,594 1.01 1,903,668 19.31 1,656,217 -13.00 1,849,411 11.66 4.0
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 530,130 573,441 - 518,316 - 802,307 - 593,755 - -
Depreciation 32,110 24,333 -24.22 32,726 34.49 33,155 1.31 33,883 2.20 1.4
P.B.I.T. 498,020 549,108 - 485,590 - 769,152 - 559,872 - -
Interest Expense 12,294 5,157 -58.05 5,622 9.02 3,503 -37.69 4,159 18.73 -
Adjustments - Gain (Loss) 5,234 -4,833 -192.34 0 -100.00 0 n/a 0 n/a -
Pre-tax Profit 490,960 539,118 - 479,968 - 765,649 - 555,713 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Script & concept 50,000 50,000 0.00 50,000 0.00 50,000 0.00 50,000 0.00 0.0
Filler Programming + Program Production 762,279 762,183 -0.01 884,739 16.08 800,040 -9.57 931,928 16.49 5.2
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 812,279 812,183 -0.01 934,739 15.09 850,040 -9.06 981,928 15.52 4.9
Canadian Programming/Revenue (%) 38.50 37.44 - 38.59 - 34.58 - 40.19 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 742,039 400,503 -46.03 502,939 25.58 424,049 -15.69 420,650 -0.80 -13.2
Total Staff Count 10 10 0.00 10 0.00 10 0.00 10 0.00 -
Average Remuneration ($) 74,204 40,050 -46.03 50,294 25.58 42,405 -15.69 42,065 -0.80 -13.2
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
22,083 22,520 1.98 24,148 7.23 22,177 -8.16 22,217 0.18 0.2
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 25.1 26.4 - 21.4 - 32.6 - 24.3 - -
P.B.I.T. Margin 23.6 25.3 - 20.0 - 31.3 - 22.9 - -
Pre-tax Margin 23.3 24.9 - 19.8 - 31.1 - 22.7 - -

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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