Shaw 2014 Annual Report Download - page 9

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Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2014
You should not place undue reliance on any forward-looking statements. Many factors,
including those not within Shaw’s control, may cause Shaw’s actual results to be materially
different from the views expressed or implied by such forward-looking statements, including,
but not limited to, general economic, market and business conditions; changes in the
competitive environment in the markets in which Shaw operates and from the development of
new markets for emerging technologies; industry trends and other changing conditions in the
entertainment, information and communications industries; Shaw’s ability to execute its
strategic plans; opportunities that may be presented to and pursued by Shaw; changes in laws,
regulations and decisions by regulators that affect Shaw or the markets in which it operates;
Shaw’s status as a holding company with separate operating subsidiaries; and other factors
described in this report under the heading “Known events, trends, risks and uncertainties”. The
foregoing is not an exhaustive list of all possible factors. Should one or more of these risks
materialize, or should assumptions underlying the forward-looking statements prove incorrect,
actual results may vary materially from those described herein.
The Corporation provides certain financial guidance for future performance as the Corporation
believes that certain investors, analysts and others utilize this and other forward-looking
information in order to assess the Company’s expected operational and financial performance
and as an indicator of its ability to service debt and return cash to shareholders. The Company’s
financial guidance may not be appropriate for this or other purposes.
Any forward-looking statement speaks only as of the date on which it was originally made and,
except as required by law, Shaw expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking statement to reflect any change in
related assumptions, events, conditions or circumstances.
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