FX (formerly FX 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
535432174 FX (formerly FX Canada) 8064750 Canada Inc. Rogers Communications Inc.                                  Specialty (category B service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 93,363 6,561,118 >999± 6,916,302 5.41 9,168,200 32.56 11,496,430 25.39 233.1
DTH subscriber revenue 2,303,726 0 -100.00 0 n/a 0 n/a 0 n/a -100.0
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,375,439 1,925,365 39.98 3,201,044 66.26 5,190,303 62.14 6,234,185 20.11 45.9
Other revenue 0 0 n/a 10,225 n/a 4,500 -55.99 14,000 211.11 n/a
Total Revenue 3,772,528 8,486,483 124.95 10,127,571 19.34 14,363,003 41.82 17,744,615 23.54 47.3
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 4,278,234 7,308,412 70.83 7,818,283 6.98 10,282,823 31.52 10,000,485 -2.75 23.7
Technical 211,002 202,015 -4.26 210,198 4.05 215,419 2.48 208,353 -3.28 -0.3
Sales and Promotion 896,157 874,425 -2.43 157,901 -81.94 240,152 52.09 866,943 261.00 -0.8
Administration and General 1,552,738 1,563,417 0.69 1,935,282 23.79 1,940,114 0.25 4,740,836 144.36 32.2
Total Expenses 6,938,131 9,948,269 43.39 10,121,664 1.74 12,678,508 25.26 15,816,617 24.75 22.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income -3,165,603 -1,461,786 - 5,907 - 1,684,495 - 1,927,998 - -
Depreciation 66,667 100,000 50.00 100,000 0.00 100,000 0.00 102,366 2.37 11.3
P.B.I.T. -3,232,270 -1,561,786 - -94,093 - 1,584,495 - 1,825,632 - -
Interest Expense 0 7,050 n/a 11,488 62.95 0 -100.00 0 n/a -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 450,608 n/a 0 -100.00 -
Pre-tax Profit -3,232,270 -1,568,836 - -105,581 - 2,035,103 - 1,825,632 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 394,988 376,074 -4.79 517,827 37.69 662,956 28.03 425,871 -35.76 1.9
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 107,783 0 -100.00 0 n/a 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 502,771 376,074 -25.20 517,827 37.69 662,956 28.03 425,871 -35.76 -4.1
Canadian Programming/Revenue (%) 13.33 4.43 - 5.11 - 4.62 - 2.40 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,016,057 1,004,935 -1.09 801,015 -20.29 803,243 0.28 1,124,831 40.04 2.6
Total Staff Count 10 10 0.00 8 -20.00 8 0.00 9.9 23.75 -
Average Remuneration ($) 101,606 100,494 -1.09 100,127 -0.36 100,405 0.28 113,619 13.16 2.8
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
1,459,792 3,910,000 167.85 4,035,000 3.20 4,671,000 15.76 4,362,000 -6.62 31.5
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin -83.9 -17.2 - 0.1 - 11.7 - 10.9 - -
P.B.I.T. Margin -85.7 -18.4 - -0.9 - 11.0 - 10.3 - -
Pre-tax Margin -85.7 -18.5 - -1.0 - 14.2 - 10.3 - -

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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