13 slides from Rogers Communications Inc. Class A's earnings presentation, Apr 23, 2025
Slide 1: Q1 2025 Results
Q1 2025 Results April 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 April 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: Quarterly highlights
Quarterly highlights • Continued growth in subscribers and financials, including strong margin improvement year-over-year • Growth in total service revenue +2% and adjusted EBITDA +2% • Combined mobile phone and retail Internet net additions of 57,000 • Strong Media performance with revenue up 24%;
Slide 5: Q1 consolidated results
Q1 consolidated results Total service revenue +2% ($M) 4,357 4,447 Q1’24 Q1’25 Adjusted EBITDA1 +2% ($M) 2,214 2,254 Q1’24 Q1’25 5
Slide 6: Q1 Wireless results
Q1 Wireless results Service Adjusted Adjusted revenue +2% EBITDA +2% EBITDA Margin2 +40bps ($M) ($M) (%) 1,996 2,026 1,284 1,311 64.3 64.7 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Mobile phone Mobile phone Postpaid mobile ARPU2 (2%) net adds 34K phone churn (9bps) ($) (‘000s) (%) 58.06 56.94 61 1.10 1.01
Slide 7: Q1 Cable results
Q1 Cable results Adjusted Adjusted Revenue (1%) EBITDA +1% EBITDA Margin +110bps ($M) ($M) (%) 1,959 1,935 1,100 1,108 56.2 57.3 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Retail Internet net adds 23K (‘000s) 26 23 Q1’24 Q1’25 7
Slide 8: Q1 Media results
Q1 Media results Adjusted Revenue +24% EBITDA +$36M ($M) ($M) 596 479 (103) (67) Q1’24 Q1’25 Q1’24 Q1’25 8
Slide 9: Q1 capital expenditures
Q1 capital expenditures Capital expenditures (8%) ($M) 1,058 978 Q1’24 Q1’25 Capital intensity2 (190bps) (%) 21.6 19.7 Q1’24 Q1’25 9
Slide 10: Detailed Q1 consolidated results
Detailed Q1 consolidated results In millions of dollars, except margins and per share amounts Q1’25 % Change Total service revenue 4,447 2 Adjusted EBITDA1 2,254 2 Adjusted EBITDA margin2 45.3 0.1pts Net income 280 9 Diluted earnings per share $0.50 9 Adjusted net income3 543 1 Adjusted diluted earn
Slide 11: Q1 financial position
Q1 financial position Available liquidity4 of $7.5B Weighted average interest rate of 4.74% with average term to maturity of 9.7 years Debt leverage ratio4 4.3x 11
Slide 12: 2025 Guidance
2025 Guidance 2024 2025 (In millions of dollars, except percentages) Actual Guidance Ranges Total service revenue $18,066 Increase of 0% to 3% Adjusted EBITDA1 $9,617 Increase of 0% to 3% Capital expenditures $4,041 $3,800 to $4,000 Free cash flow4 $3,045 $3,000 to $3,200 Note: For further informati
Slide 13: Q1 2025 Results
Q1 2025 Results April 23, 2025 13