13 slides from Rogers Communications Inc. Class A's earnings presentation, Oct 23, 2025
Slide 1: Q3 2025 Results
Q3 2025 Results October 23, 2025 1
Slide 2: Cautionary note
Cautionary note The following materials are for presentation purposes only. They accompany the discussions held during Rogers Communications Inc.’s (Rogers) investor conference call on October 23, 2025. Certain statements made in this presentation, including, but not limited to, statements relating
Slide 3: Today's speakers
Today’s speakers Tony Staffieri President and CEO Glenn Brandt Chief Financial Officer 3
Slide 4: Q3 Highlights
Q3 Highlights • Delivered strong total service revenue growth of 4% • Drove steady performance in both Cable and Wireless with adjusted EBITDA growth of 2%, and 1%, respectively • Focus on efficiency and financial discipline continues to drive industry- leading Wireless margin of 67%, and 58% on Cab
Slide 5: Q3 consolidated results
Q3 consolidated results Total service revenue +4% ($M) 4,739 4,567 Q3’24 Q3’25 Adjusted EBITDA1 (1%) ($M) 2,545 2,515 Q3’24 Q3’25 5
Slide 6: Q3 Wireless results
Q3 Wireless results Service Adjusted Adjusted revenue -% EBITDA +1% EBITDA Margin2 +60bps ($M) ($M) (%) 2,066 2,059 1,374 66.7 1,365 66.1 Q3’24 Q3’25 Q3’24 Q3’25 Q3’24 Q3’25 Mobile phone Mobile phone Postpaid mobile ARPU2 (3%) net adds 111K phone churn (13bps) ($) (‘000s) (%) 58.57 194 1.12 56.70 11
Slide 7: Q3 Cable results
Q3 Cable results Service Adjusted Adjusted revenue +1% EBITDA +2% EBITDA Margin +70bps ($M) ($M) (%) 1,962 1,974 1,133 1,153 57.5 58.2 Q3’24 Q3’25 Q3’24 Q3’25 Q3’24 Q3’25 Retail Internet net adds 29K (‘000s) 33 29 Q3’24 Q3’25 7
Slide 8: Q3 Media results
Q3 Media results Adjusted Revenue +26% EBITDA (45%) ($M) ($M) 753 597 136 75 Q3’24 Q3’25 Q3’24 Q3’25 8
Slide 9: Q3 capital expenditures
Q3 capital expenditures Capital expenditures (1%) ($M) 977 964 Q3’24 Q3’25 Capital intensity2 (100bps) (%) 19.0 18.0 Q3’24 Q3’25 9
Slide 10: Detailed Q3 consolidated results
Detailed Q3 consolidated results In millions of dollars, except margins and per share amounts Q3’25 % Change Total service revenue 4,739 4% Adjusted EBITDA1 2,515 (1%) Adjusted EBITDA margin2 47.0% (2.6pts) Net income attributable to RCI shareholders 5,754 n/m Diluted earnings per share attributable
Slide 11: Q3 financial position
Q3 financial position Available liquidity4 of $6.4B Weighted average interest rate of 4.80% with average term to maturity of 8.7 years Debt leverage ratio3 3.9x 11
Slide 12: 2025 Guidance
2025 Guidance 2024 July 23, 2025 October 23, 2025 (In millions of dollars, except percentages) Actual Guidance Ranges Guidance Ranges Total service revenue $18,066 Increase of 3% to 5% Increase of 3% to 5% Adjusted EBITDA1 $9,617 Increase of 0% to 3% Increase of 0% to 3% Capital expenditures $4,041
Slide 13: Q3 2025 Results
Q3 2025 Results October 23, 2025 13