Financial Summary (Exempt Programming Services) - Cable & IPTV – Canada

Table of Contents

Revenue
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%) - 5 yr
Subscription 5,399 5,974 10.65 5,297 -11.33 3,695 -30.23 3,785 2.43 -8.5
Community Channel & Facilities Rental 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other 22,039 18,480 -16.15 18,701 1.19 17,773 -4.96 14,615 -17.77 -9.8
Total Revenue 27,437 24,454 -10.87 23,997 -1.87 21,468 -10.54 18,400 -14.29 -9.5

Expenses
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Affiliation Payments 600 471 -21.59 407 -13.44 460 12.86 442 -3.82 -7.4
Technical 783 835 6.74 630 -24.56 620 -1.66 415 -32.97 -14.7
Sales and Promotion 2,143 1,968 -8.16 1,791 -9.00 1,433 -19.98 1,194 -16.68 -13.6
Administration and General 619 706 14.03 903 27.91 601 -33.42 638 6.22 0.8
Total Expenses 4,144 3,979 -3.98 3,731 -6.25 3,113 -16.55 2,690 -13.60 -10.2
Operating Income 23,293 20,474   20,267   18,355   15,710    

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 84.9 83.7   84.5   85.5   85.4    
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