16 slides from Rogers Communications Inc. Class A's earnings presentation, Apr 20, 2022
Slide 1: Q1 2022 Results
Q1 2022 Results April 20, 2022
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 April 20, 2022. These materials should be read in conjunction with the disclosure documents referenced below. Certa
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO
Slide 4: Strong Wireless performance
Strong Wireless performance +66k 0.71% Postpaid Postpaid mobile phone mobile net adds phone churn (‘000s) (%) 66 0.83 0.71 22 Q1’21 Q1’22 Q1’21 Q1’22
Slide 5: Stronger execution on Internet and Cable business
Stronger execution on Internet and Cable business +2% +13% Revenue Adjusted EBITDA ($M) ($M) 1,020 1,036 551 487 Q1’21 Q1’22 Q1’21 Q1’22
Slide 6: Sports and Media revenue growth
Sports and Media revenue growth +10% Revenue ($M) 482 440 Q1’21 Q1’22
Slide 7: Capital expenditures & cash provided by operating activities
Capital expenditures & cash provided by operating activities +34% +20% Capital Cash provided by expenditures operating activities ($M) ($M) 813 649 679 484 Q1’21 Q1’22 Q1’21 Q1’22
Slide 8: Shaw transaction update
Shaw transaction update 1. CRTC Approval Transfer of the broadcast distribution undertaking licences approved March 2022a 2. Transaction Financing All permanent financing completed March 2022 a. Transaction still remains subject to ISED and Competition Bureau approval
Slide 9: Glenn Brandt
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Slide 10: Q1 Wireless results solid
Q1 Wireless results +7% +7% solid +3.3% Service Adjusted Adj. EBITDA Mobile phone revenue EBITDA service margin ARPU1 ($M) ($M) (%) ($) 1,723 1,085 63.0 63.0 57.25 1,609 1,013 55.42 Q1’21 Q1’22 Q1’21 Q1’22 Q1’21 Q1’22 Q1’21 Q1’22 Service revenue +7% year-on-year from higher roaming revenue and incre
Slide 11: Q1 Cable results
Q1 Cable results +2% +13% +2% +26K Revenue Adjusted Customer Video net EBITDA relationships adds ($M) ($M) (K) (K) 1,036 551 2,589 1,020 2,536 487 14 (12) Q1’21 Q1’22 Q1’21 Q1’22 Q1’21 Q1’22 Q1’21 Q1’22 Strong Cable financial results driven by improved execution and improving cost efficiency.
Slide 12: Q1 Media results
Q1 Media results +10% -12% Revenue Adjusted EBITDA ($M) ($M) 482 440 Q1’21 Q1’22 -59 -66 Q1’21 Q1’22 Revenue growth driven by higher sports-related activity. Adjusted EBITDA remains negative driven by higher programming and production costs.
Slide 13: Q1 consolidated results
Q1 consolidated results In millions of dollars, except percentages and per share amounts Q1’22 % Change Total service revenue increase reflects a Total service revenue 3,196 6 larger customer base, higher roaming Adjusted EBITDA2 1,539 11 revenue as travel restrictions eased, and Adjusted EBITDA mar
Slide 14: Strong financial position
Strong financial position Debt leverage ratio of 3.3x Weighted average interest rate of 4.20% with average term to maturity of 12.4 years
Slide 15: Increased 2022 Guidance
Increased 2022 Guidance 2021 2022 Original 2022 Revised Result Guidance Guidance Total service revenue $12,533M Increase of 4% to 6% Increase of 6% to 8% Adjusted EBITDA $5,887M Increase of 6% to 8% Increase of 8% to 10% Capital expenditures $2,788M $2,800M to $3,000M $2,800M to $3,000M Free cash fl
Slide 16: Q1 2022 Results
Q1 2022 Results April 20, 2022