Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q4 2020 Earnings Presentation
16 slides from Rogers Communications Inc. Class A's earnings presentation, Jan 28, 2021
Slide 1: Q4 2020 Results
Q4 2020 Results January 28, 2021 1 | Q4 2020 Results
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 January 28, 2021. These materials should be read in conjunction with the disclosure documents referenced below. Cer
Slide 3: Joe Natale, President and CEO
Joe Natale President and CEO 3 | Q4 2020 Results
Slide 4: Wireless focused on efficiency
Wireless focused on efficiency Largest unlimited-data base on Canada’s largest 5G network 114k +370 bps Rogers’ 5G network connects more than 160 Postpaid net adds Adjusted EBITDA communities across the country service margin (‘000s) (%) – Rogers most consistent national wireless 63.2 network in Can
Slide 5: Continued stability in Cable
Continued stability in Cable +5% +60 bps Adj. EBITDA Adj. EBITDA margin ($M) (%) 520 50.4 51.0 497 Q4‘19 Q4'20 Q4'19 Q4'20 5 | Q4 2020 Results
Slide 6: Sports and Media revenues continue to be impacted
Sports and Media revenues continue to be impacted 66| |Q4 Q42020 2020Results Results
Slide 7: Accelerating Digital
Accelerating Digital Accelerated Digital-First plan A better experience for customers while streamlining costs Wireless: Digital gains Cable: Focused on self-installs Improved self-serve options Over Online ordering and same day in-store pick up with and reducing truck rolls service allows customers
Slide 8: Well prepared for the road ahead
Well prepared for the road ahead Wireless Cable Media and Sports Canada’s largest 5G Stability expected in Unparalleled mix of Network1 with the Cable business with Canadian sports assets largest unlimited-data continued benefits from customer bass product roadmap and Strong expected demand self-ins
Slide 9: Tony Staffieri, CFO
Tony Staffieri CFO 9 | Q4 2020 Results
Slide 10: Q4 Wireless results
Q4 Wireless results -8% -3% +370 bps -9% Service Adjusted Adj. EBITDA service Blended revenue EBITDA margin ARPU ($M) ($M) (%) ($) 1,788 1,064 63.2 1,637 1,034 59.5 55.26 50.02 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q4'20 Efficiency initiatives driving adjusted EBITDA service margin expansion 10
Slide 11: Q4 Cable results
Q4 Cable results +3% +5% +20k +3% Service Adjusted Total customer ARPA Revenue EBITDA relationships1 ($M) ($M) (‘000s) ($) 1,016 520 2,510 2,530 134.43 497 130.86 984 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q4'20 Solid service revenue and adjusted EBITDA growth 1. On September 30, 2020, we acquire
Slide 12: Q4 Media results
Q4 Media results -23% +273% Revenue Adjusted EBITDA ($M) ($M) 530 82 409 22 Q4'19 Q4'20 Q4'19 Q4'20 Less live sports programming reduced advertising revenue and programming and production costs 12 | Q4 2020 Results
Slide 13: Q4 consolidated results
Q4 consolidated results Q4'20 %Chg In millions of dollars, except percentages and per share amounts Service revenue decline reflects Total service revenue 3,023 (7) extended and expanded lockdowns in December along with other Adjusted EBITDA 1,590 4 COVID-19 impacts Adjusted EBITDA margin 43.2% 4.5
Slide 14: Strong financial position in COVID-19 environment
Strong financial position in COVID-19 environment Investment-grade balance sheet Debt leverage ratio of 3.0x with healthy available liquidity position of $5.7 billion Weighted average interest rate of 4.09% with average term to maturity of 12.8 years 9 | Q4 2020 Results 14 | Q4 2020 Results
Slide 15: Outlook
Outlook COVID-19 impacts including extended lockdowns continue to impact longer-term visibility Rogers team continues to focus on customer service and driving efficiency across all businesses For further information, please see the "2021 Full-Year Consolidated Guidance" section in our Fourth Quarter
Slide 16: Q4 2020 Results
Q4 2020 Results January 28, 2021 16 | Q4 2020 Results
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