Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q2 2025 Earnings Presentation
13 slides from Rogers Communications Inc. Class A's earnings presentation, Jul 23, 2025
Slide 1: Q2 2025 Results
Q2 2025 Results July 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 July 23, 2025. Certain statements made in this presentation, including, but not limited to, statements relating to
Slide 3: Today's speakers
Today’s speakers Tony Staffieri President and CEO Glenn Brandt Chief Financial Officer 3
Slide 4: Highlights
Highlights • Delivered strong results in a competitive market with growth in revenue and adjusted EBITDA in all our three segments • Total service revenue and adjusted EBITDA1 up 2% • Media revenue up 10% driven by expanded media content and strong NHL season on Sportsnet • Generated free cash flow
Slide 5: Q2 consolidated results
Q2 consolidated results Total service revenue +2% ($M) 4,599 4,668 Q2’24 Q2’25 Adjusted EBITDA1 +2% ($M) 2,325 2,362 Q2’24 Q2’25 5
Slide 6: Q2 Wireless results
Q2 Wireless results Service Adjusted Adjusted revenue +1% EBITDA +1% EBITDA Margin2 +10bps ($M) ($M) (%) 1,988 1,999 1,296 1,305 65.2 65.3 Q2’24 Q2’25 Q2’24 Q2’25 Q2’24 Q2’25 Mobile phone Mobile phone Postpaid mobile ARPU2 (3%) net adds 61K phone churn (7bps) ($) (‘000s) (%) 57.24 55.45 162 1.07 1.0
Slide 7: Q2 Cable results
Q2 Cable results Service Adjusted Adjusted revenue +1% EBITDA +3% EBITDA Margin +150bps ($M) ($M) (%) 1,948 1,961 1,116 1,147 56.8 58.3 Q2’24 Q2’25 Q2’24 Q2’25 Q2’24 Q2’25 Retail Internet net adds 26K (‘000s) 26 26 Q2’24 Q2’25 7
Slide 8: Q2 Media results
Q2 Media results Adjusted Revenue +10% EBITDA +$5M ($M) ($M) 808 736 - 5 Q2’24 Q2’25 Q2’24 Q2’25 8
Slide 9: Q2 capital expenditures
Q2 capital expenditures Capital expenditures (17%) ($M) 999 831 Q2’24 Q2’25 Capital intensity2 (370bps) (%) 19.6 15.9 Q2’24 Q2’25 9
Slide 10: Detailed Q2 consolidated results
Detailed Q2 consolidated results In millions of dollars, except margins and per share amounts Q2’25 % Change Total service revenue 4,668 2% Adjusted EBITDA1 2,362 2% Adjusted EBITDA margin2 45.3% (0.4pts) Net income attributable to RCI shareholders 157 (60%) Diluted earnings per share attributable t
Slide 11: Q2 financial position
Q2 financial position Available liquidity4 of $11.8B Weighted average interest rate of 4.79% with average term to maturity of 10.2 years Debt leverage ratio4 3.6x 11
Slide 12: 2025 Guidance
2025 Guidance 2024 Initial 2025 Updated 2025 (In millions of dollars, except percentages) Actual Guidance Ranges Guidance Ranges Total service revenue $18,066 Increase of 0% to 3% Increase of 3% to 5% Adjusted EBITDA1 $9,617 Increase of 0% to 3% Increase of 0% to 3% Capital expenditures $4,041 $3,80
Slide 13: Q2 2025 Results
Q2 2025 Results July 23, 2025 13
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