TreeHouse 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
305417281 TreeHouse TV YTV Canada, Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 8,886,139 8,444,959 -4.96 7,613,682 -9.84 7,270,595 -4.51 7,182,626 -1.21 -5.2
DTH subscriber revenue 2,673,420 2,922,293 9.31 3,054,795 4.53 3,565,381 16.71 3,787,044 6.22 9.1
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 189,175 487,889 157.90 338,423 -30.64 455,034 34.46 553,121 21.56 30.8
Other revenue 2,505,776 2,643,551 5.50 2,335,549 -11.65 2,550,360 9.20 2,033,417 -20.27 -5.1
Total Revenue 14,254,510 14,498,692 1.71 13,342,449 -7.97 13,841,370 3.74 13,556,208 -2.06 -1.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 5,969,145 6,284,716 5.29 6,399,333 1.82 10,804,154 68.83 9,737,237 -9.88 13.0
Technical 427,795 391,809 -8.41 371,290 -5.24 383,514 3.29 314,673 -17.95 -7.4
Sales and Promotion 1,188,333 644,020 -45.80 94,535 -85.32 279,021 195.15 818,511 193.35 -8.9
Administration and General 2,663,136 2,235,620 -16.05 1,522,790 -31.89 693,319 -54.47 1,035,423 49.34 -21.0
Total Expenses 10,248,409 9,556,165 -6.75 8,387,948 -12.22 12,160,008 44.97 11,905,844 -2.09 3.8
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 4,006,101 4,942,527 - 4,954,501 - 1,681,362 - 1,650,364 - -
Depreciation 0 0 n/a 0 n/a 0 n/a 280,018 n/a n/a
P.B.I.T. 4,006,101 4,942,527 - 4,954,501 - 1,681,362 - 1,370,346 - -
Interest Expense 256,607 160,573 -37.42 149,212 -7.08 226,939 52.09 2,044,766 801.02 -
Adjustments - Gain (Loss) 2,059,682 2,334,955 13.36 2,433,417 4.22 1,903,696 -21.77 3,674,780 93.03 -
Pre-tax Profit 5,809,176 7,116,909 - 7,238,706 - 3,358,119 - 3,000,360 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 4,141,566 4,207,189 1.58 4,606,336 9.49 4,938,573 7.21 4,594,527 -6.97 2.6
Script & concept 188,406 238,684 26.69 237,360 -0.55 227,395 -4.20 273,988 20.49 9.8
Filler Programming + Program Production 376,881 482,942 28.14 355,472 -26.39 495,501 39.39 432,174 -12.78 3.5
Investment in Programming 89,350 18,164 -79.67 8,950 -50.73 4,253,450 >999± 0 -100.00 -100.0
Total Canadian Programming 4,796,203 4,946,979 3.14 5,208,118 5.28 9,914,919 90.37 5,300,689 -46.54 2.5
Canadian Programming/Revenue (%) 33.65 34.12 - 39.03 - 71.63 - 39.10 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,302,609 1,233,592 -5.30 556,916 -54.85 416,541 -25.21 477,357 14.60 -22.2
Total Staff Count 25 22 -12.00 15 -31.82 11.99 -20.07 19 58.47 -
Average Remuneration ($) 52,104 56,072 7.62 37,128 -33.79 34,741 -6.43 25,124 -27.68 -16.7
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
8,673,063 8,637,702 -0.41 8,364,860 -3.16 8,169,445 -2.34 6,240,641 -23.61 -7.9
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 28.1 34.1 - 37.1 - 12.1 - 12.2 - -
P.B.I.T. Margin 28.1 34.1 - 37.1 - 12.1 - 10.1 - -
Pre-tax Margin 40.8 49.1 - 54.3 - 24.3 - 22.1 - -

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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