26 slides from Rogers Communications Inc. Class A's earnings presentation, Feb 2, 2023
Slide 1: Q4 2022 Results
Q4 2022 Results February 2, 2023
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 February 2, 2023. These materials should be read in conjunction with the disclosure documents referenced below. Cer
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO
Slide 4: Wireless
Wireless 193K 63.2% Postpaid mobile Adjusted EBITDA phone service margin net adds (‘000s) (%) 193 63.2 141 62.6 Q4’21 Q4’22 Q4’21 Q4’22 4
Slide 5: Cable
Cable 7K 51.2% Retail Internet Adjusted EBITDA net adds margin Retail Internet net adds (‘000s) (%) 50.6 51.2 21 7 Q4’21 Q4’22 Q4’21 Q4’22 5
Slide 6: Media
Media +17% +$83M Revenue Adjusted Retail Internet EBITDA net adds ($M) ($M) 606 516 57 (26) Q4’21 Q4’22 Q4’21 Q4’22 6
Slide 7: Capital expenditures
Capital expenditures +10% Capital expenditures ($M) 3,075 2,788 2021 2022 7
Slide 8: Glenn Brandt, CFO
Glenn Brandt CFO
Slide 9: Q4 Wireless results
Q4 Wireless results +7% +8% +60bps +1% Service revenue Adjusted EBITDA Adjusted EBITDA Mobile phone service margin ARPU1 ($M) ($M) (%) ($) 1,856 1,173 63.2 58.69 1,735 1,086 62.6 58.14 Q4’21 Q4’22 Q4’21 Q4’22 Q4’21 Q4’22 Q4’21 Q4’22 9
Slide 10: Q4 Cable results
Q4 Cable results Stable +1% +60bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 1,023 1,019 522 51.2 518 50.6 Q4’21 Q4’22 Q4’21 Q4’22 Q4’21 Q4’22 10
Slide 11: Q4 Media results
Q4 Media results +17% +$83M Revenue Adjusted EBITDA ($M) ($M) 606 516 57 57 (26) Q4’21 Q4’22 Q4’21 Q4’22 11
Slide 12: Q4 consolidated results
Q4 consolidated results In millions of dollars, except margins Q4’ % and per share amounts 22 Change Total service revenue 3,436 6 Total service revenue increase driven by a larger customer base, increased roaming revenue, and Adjusted EBITDA2 1,679 10 growth in sports-related revenue in our Media A
Slide 13: Strong financial position
Strong financial position Debt leverage ratio excluding Shaw financing3 3.1x Available liquidity4 of $4.9B Weighted average interest rate of 4.50% with average term to maturity of 11.8 years 13
Slide 14: 2023 Guidance
2023 Guidance 2022 Result 2023 Guidance Ranges Total service revenue $13,305M | +6% Increase of 4% to 7% Adjusted EBITDA $6,393M | +9% Increase of 5% to 8% Capital expenditures excluding Shaw5 $3,033M $3,100M to $3,300M Free cash flow excluding Shaw5 $2,027M $2,000M to $2,200M Notes: For further inf
Slide 15: Q4 2022 Results
Q4 2022 Results February 2, 2023
Slide 16: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures Non-GAAP financial measures Most directly comparable Specified financial IFRS financial measure How it is useful How we calculate it measure Adjusted net ● To assess the performance of our businesses before the Net income Net income income effects of the noted i
Slide 17: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures Non-GAAP financial measures Most directly comparable Specified financial IFRS financial measure How it is useful How we calculate it measure Adjusted net debt ● We believe this helps investors and analysts analyze the Total long-term debt Long-term debt excludin
Slide 18: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures Non-GAAP financial measures Most directly comparable Specified financial IFRS financial measure How it is useful How we calculate it measure Capital expenditures ● To show how much capital investment we make to Capital expenditures Capital expenditures excluding
Slide 19: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures Non-GAAP ratios Specified financial measure How it is useful How we calculate it Adjusted basic ● To assess the performance of our businesses before the effects of Adjusted net income earnings per the noted items, because they affect the comparability of our div
Slide 20: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures Capital management measures Specified financial measure How it is useful Free cash flow ● To show how much cash we generate that is available to repay debt and reinvest in our company, which is an important indicator of our financial strength and performance. ●
Slide 21: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 21
Slide 22: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 22
Slide 23: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 23
Slide 24: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 24
Slide 25: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 25
Slide 26: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures 26