Sportsnet World (formerly Setanta Sports (Canada))

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535426052 Sportsnet World (formerly Setanta Sports (Canada)) Rogers Media Inc. Rogers Communications Inc.                                  Specialty (category B service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 9,820,475 11,716,180 19.30 11,520,798 -1.67 11,167,418 -3.07 10,197,225 -8.69 1.0
DTH subscriber revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 70,750 267,974 278.76 5,358 -98.00 0 -100.00 0 n/a -100.0
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 9,891,225 11,984,154 21.16 11,526,156 -3.82 11,167,418 -3.11 10,197,225 -8.69 0.8
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 6,688,831 8,066,523 20.60 7,606,153 -5.71 10,099,000 32.77 7,198,747 -28.72 1.9
Technical 0 258,920 n/a 398,380 53.86 404,943 1.65 296,062 -26.89 n/a
Sales and Promotion 108,350 58,048 -46.43 19,189 -66.94 0 -100.00 0 n/a -100.0
Administration and General 677,305 305,314 -54.92 330,077 8.11 328,213 -0.56 15,106 -95.40 -61.4
Total Expenses 7,474,486 8,688,805 16.25 8,353,799 -3.86 10,832,156 29.67 7,509,915 -30.67 0.1
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 2,416,739 3,295,349 - 3,172,357 - 335,262 - 2,687,310 - -
Depreciation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
P.B.I.T. 2,416,739 3,295,349 - 3,172,357 - 335,262 - 2,687,310 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a -
Adjustments - Gain (Loss) -108 0 -100.00 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 2,416,631 3,295,349 - 3,172,357 - 335,262 - 2,687,310 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 128,807 n/a 12,083 -90.62 696,442 >999± 817,267 17.35 n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 359,761 1,775,815 393.61 1,403,842 -20.95 1,443,776 2.84 648,885 -55.06 15.9
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 359,761 1,904,622 429.41 1,415,925 -25.66 2,140,218 51.15 1,466,152 -31.50 42.1
Canadian Programming/Revenue (%) 3.64 15.89 - 12.28 - 19.16 - 14.38 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 236,386 253,210 7.12 197,305 -22.08 261,052 32.31 183,765 -29.61 -6.1
Total Staff Count 5 5 0.00 3 -40.00 3 0.00 2 -33.33 -
Average Remuneration ($) 47,277 50,642 7.12 65,768 29.87 87,017 32.31 91,883 5.59 18.1
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
91,417 100,000 9.39 93,000 -7.00 82,000 -11.83 74,066 -9.68 -5.1
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 24.4 27.5 - 27.5 - 3.0 - 26.4 - -
P.B.I.T. Margin 24.4 27.5 - 27.5 - 3.0 - 26.4 - -
Pre-tax Margin 24.4 27.5 - 27.5 - 3.0 - 26.4 - -

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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