Fyi (formerly Twist 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
305424020 Fyi (formerly Twist TV) Discovery Health Channel Canada ULC Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 3,112,766 3,454,359 10.97 3,519,931 1.90 3,731,251 6.00 4,086,800 9.53 7.0
DTH subscriber revenue 2,002,985 1,807,164 -9.78 1,804,910 -0.12 1,840,292 1.96 1,568,995 -14.74 -5.9
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 1,864,550 1,761,425 -5.53 1,677,730 -4.75 2,604,722 55.25 1,764,700 -32.25 -1.4
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 6,980,301 7,022,948 0.61 7,002,571 -0.29 8,176,265 16.76 7,420,495 -9.24 1.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 2,475,992 1,888,235 -23.74 2,038,453 7.96 2,449,179 20.15 2,940,358 20.05 4.4
Technical 675,368 657,017 -2.72 597,951 -8.99 594,381 -0.60 617,323 3.86 -2.2
Sales and Promotion 202,177 121,434 -39.94 104,531 -13.92 89,702 -14.19 87,934 -1.97 -18.8
Administration and General 847,679 911,929 7.58 1,331,700 46.03 1,739,022 30.59 1,525,007 -12.31 15.8
Total Expenses 4,201,216 3,578,615 -14.82 4,072,635 13.80 4,872,284 19.63 5,170,622 6.12 5.3
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 2,779,085 3,444,333 - 2,929,936 - 3,303,981 - 2,249,873 - -
Depreciation 1,827 5,481 200.00 5,481 0.00 3,654 -33.33 0 -100.00 -100.0
P.B.I.T. 2,777,258 3,438,852 - 2,924,455 - 3,300,327 - 2,249,873 - -
Interest Expense -460,311 -801,820 74.19 -1,157,838 44.40 -1,358,514 17.33 -1,160,243 -14.59 -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 3,237,569 4,240,672 - 4,082,293 - 4,658,841 - 3,410,116 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 826,240 497,681 -39.77 499,204 0.31 83,328 -83.31 83,821 0.59 -43.6
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 407,519 307,095 -24.64 336,967 9.73 358,041 6.25 352,941 -1.42 -3.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 1,233,759 804,776 -34.77 836,171 3.90 441,369 -47.22 436,762 -1.04 -22.9
Canadian Programming/Revenue (%) 17.67 11.46 - 11.94 - 5.40 - 5.89 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 985,035 929,671 -5.62 1,118,292 20.29 1,001,488 -10.44 1,058,963 5.74 1.8
Total Staff Count 12 10 -16.67 12 20.00 11 -8.33 10 -9.09 -
Average Remuneration ($) 82,086 92,967 13.26 93,191 0.24 91,044 -2.30 105,896 16.31 6.6
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
2,157,968 2,173,082 0.70 2,094,099 -3.63 2,062,738 -1.50 2,029,598 -1.61 -1.5
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 39.8 49.0 - 41.8 - 40.4 - 30.3 - -
P.B.I.T. Margin 39.8 49.0 - 41.8 - 40.4 - 30.3 - -
Pre-tax Margin 46.4 60.4 - 58.3 - 57.0 - 46.0 - -

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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