The Independent Film Channel 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
105424006 The Independent Film Channel Canada Showcase Television Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 4,681,150 5,561,154 18.80 5,123,824 -7.86 4,366,906 -14.77 4,397,956 0.71 -1.6
DTH subscriber revenue 4,122,207 3,774,810 -8.43 3,495,970 -7.39 3,709,841 6.12 3,705,939 -0.11 -2.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,660,542 1,662,611 0.12 1,724,630 3.73 1,371,836 -20.46 983,945 -28.28 -12.3
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 10,463,899 10,998,575 5.11 10,344,424 -5.95 9,448,583 -8.66 9,087,840 -3.82 -3.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,481,724 2,727,463 9.90 2,404,824 -11.83 2,751,086 14.40 2,786,179 1.28 2.9
Technical 668,326 646,254 -3.30 597,951 -7.47 594,453 -0.58 617,357 3.85 -2.0
Sales and Promotion 215,861 141,295 -34.54 116,774 -17.35 132,056 13.09 139,179 5.39 -10.4
Administration and General 1,636,681 1,692,874 3.43 2,024,459 19.59 2,032,525 0.40 1,809,288 -10.98 2.5
Total Expenses 5,002,592 5,207,886 4.10 5,144,008 -1.23 5,510,120 7.12 5,352,003 -2.87 1.7
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 5,461,307 5,790,689 - 5,200,416 - 3,938,463 - 3,735,837 - -
Depreciation 1,827 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
P.B.I.T. 5,459,480 5,790,689 - 5,200,416 - 3,938,463 - 3,735,837 - -
Interest Expense 287 1,359 373.52 0 -100.00 0 n/a 4,066 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 5,459,193 5,789,330 - 5,200,416 - 3,938,463 - 3,731,771 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 699,617 1,097,614 56.89 1,089,854 -0.71 1,089,304 -0.05 897,931 -17.57 6.4
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 553,798 439,807 -20.58 405,439 -7.81 408,067 0.65 292,272 -28.38 -14.8
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,253,415 1,537,421 22.66 1,495,293 -2.74 1,497,371 0.14 1,190,203 -20.51 -1.3
Canadian Programming/Revenue (%) 11.98 13.98 - 14.46 - 15.85 - 13.10 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 907,688 853,170 -6.01 1,021,286 19.70 918,315 -10.08 970,619 5.70 1.7
Total Staff Count 11 10 -9.09 11 10.00 10 -9.09 9 -10.00 -
Average Remuneration ($) 82,517 85,317 3.39 92,844 8.82 91,832 -1.09 107,847 17.44 6.9
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,813,283 2,727,950 -3.03 1,409,513 -48.33 1,302,284 -7.61 1,134,356 -12.89 -20.3
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 52.2 52.6 - 50.3 - 41.7 - 41.1 - -
P.B.I.T. Margin 52.2 52.6 - 50.3 - 41.7 - 41.1 - -
Pre-tax Margin 52.2 52.6 - 50.3 - 41.7 - 41.1 - -

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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