FashionTelevisionChannel (formerly Fashion Television ...)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305423931 FashionTelevisionChannel (formerly Fashion Television ...) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,862,934 1,977,045 6.13 2,123,201 7.39 1,953,219 -8.01 1,478,673 -24.30 -5.6
DTH subscriber revenue 2,637,978 2,626,040 -0.45 2,388,529 -9.04 2,144,079 -10.23 901,158 -57.97 -23.6
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 287,998 254,931 -11.48 172,552 -32.31 121,796 -29.41 177,426 45.67 -11.4
Other revenue 30,870 6,977 -77.40 2,396 -65.66 203,750 >999± 505 -99.75 -64.2
Total Revenue 4,819,780 4,864,993 0.94 4,686,678 -3.67 4,422,844 -5.63 2,557,762 -42.17 -14.7
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,478,328 942,515 -36.24 2,313,767 145.49 1,139,119 -50.77 680,535 -40.26 -17.6
Technical 465,068 446,757 -3.94 439,741 -1.57 203,240 -53.78 188,865 -7.07 -20.2
Sales and Promotion 75,073 44,998 -40.06 22,564 -49.86 22,415 -0.66 1,584 -92.93 -61.9
Administration and General 273,589 284,779 4.09 294,031 3.25 315,338 7.25 123,669 -60.78 -18.0
Total Expenses 2,292,058 1,719,049 -25.00 3,070,103 78.59 1,680,112 -45.28 994,653 -40.80 -18.8
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 2,527,722 3,145,944 - 1,616,575 - 2,742,732 - 1,563,109 - -
Depreciation 194,767 66,881 -65.66 66,814 -0.10 70,222 5.10 44,232 -37.01 -31.0
P.B.I.T. 2,332,955 3,079,063 - 1,549,761 - 2,672,510 - 1,518,877 - -
Interest Expense 0 0 n/a 0 n/a 0 n/a 0 n/a -
Adjustments - Gain (Loss) -314,247 -333,888 6.25 -503,748 50.87 3,698,889 -834.27 -216,000 -105.84 -
Pre-tax Profit 2,018,708 2,745,175 - 1,046,013 - 6,371,399 - 1,302,877 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 333 0 -100.00 1,220,326 n/a 237,409 -80.55 140,065 -41.00 352.9
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 1,074,495 444,836 -58.60 0 -100.00 0 n/a 0 n/a -100.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,074,828 444,836 -58.61 1,220,326 174.33 237,409 -80.55 140,065 -41.00 -39.9
Canadian Programming/Revenue (%) 22.30 9.14 - 26.04 - 5.37 - 5.48 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 72,177 54,576 -24.39 51,442 -5.74 0 -100.00 0 n/a -100.0
Total Staff Count 1 1 0.00 1 0.00 0 -100.00 0 n/a -
Average Remuneration ($) 72,177 54,576 -24.39 51,442 -5.74 n/a n/a n/a n/a n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
768,714 766,638 -0.27 729,102 -4.90 681,015 -6.60 474,838 -30.27 -11.4
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 52.4 64.7 - 34.5 - 62.0 - 61.1 - -
P.B.I.T. Margin 48.4 63.3 - 33.1 - 60.4 - 59.4 - -
Pre-tax Margin 41.9 56.4 - 22.3 - 144.1 - 50.9 - -

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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