Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q2 2024 Earnings Presentation
16 slides from Rogers Communications Inc. Class A's earnings presentation, Jul 24, 2024
Slide 1: Q2 2024 Results
Q2 2024 Results July 24, 2024 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 24, 2024. Certain statements made in this presentation, including, but not limited to, statements relating to
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Strong execution
Strong execution • Canadians choosing Rogers more than any other carrier • Added industry-best 1.7 million mobile phone and Internet net additions over the past ten quarters • Record Wireless and Cable adjusted EBITDA margins in Q2 • Leverage steady at 4.7x despite Q2 investment of $1 billion in cap
Slide 5: Q2 consolidated results
Q2 consolidated results +1% +6% Total service Adjusted revenue EBITDA1 ($M) ($M) 4,534 4,599 2,325 2,190 Q2’23 Q2’24 Q2’23 Q2’24 5
Slide 6: Wireless
Wireless 162K 65.2% Total mobile Adjusted phone EBITDA net adds margin (‘000s) (%) 165 63.6 65.2 162 Q2’23 Q2’24 Q2’23 Q2’24 6
Slide 7: Cable
Cable 26K 56.8% Retail Internet Adjusted EBITDA net adds margin (‘000s) (%) 56.8 26 51.0 25 Q2’23 Q2’24 Q2’23 Q2’24 7
Slide 8: Glenn Brandt, CFO
Glenn Brandt CFO 8
Slide 9: Q2 Wireless results
Q2 Wireless results +4% +6% +20bps +1% Service Adjusted Postpaid mobile Mobile phone revenue EBITDA phone churn ARPU2 ($M) ($M) (%) ($) 1,988 1,296 1.07 1,920 57.24 1,222 0.87 56.79 Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 9
Slide 10: Q2 Cable results
Q2 Cable results (2%) +9% +580bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 2,013 1,116 1,964 56.8 1,026 51.0 Q2’23 Q2’24 Q2’23 Q2’24 Q2’23 Q2’24 10
Slide 11: Q2 Media results
Q2 Media results +7% ($4M) Revenue Adjusted EBITDA ($M) ($M) 686 736 4 - Q2’23 Q2’24 Q2’23 Q2’24 11
Slide 12: Q2 capital expenditures
Q2 capital expenditures (7%) Capital expenditures ($M) 1,079 999 Q2’23 Q2’24 12
Slide 13: Q2 consolidated results
Q2 consolidated results In millions of dollars, except margins and per share amounts Q2’24 % Change Total service revenue 4,599 1 Adjusted EBITDA1 2,325 6 Adjusted EBITDA margin2 45.7% 2.3pts Net income 394 n/m Diluted earnings per share $0.73 n/m Adjusted net income3 623 15 Adjusted diluted earning
Slide 14: Strong financial position
Strong financial position • Available liquidity4 of $4.3B • Weighted average interest rate of 4.74% with average term to maturity of 10.3 years • Debt leverage ratio4 4.7x 14
Slide 15: 2024 Guidance
2024 Guidance 2023 Reaffirmed 2024 (In millions of dollars, except percentages) Actual Guidance Ranges Total service revenue $16,845 Increase of 8% to 10% Adjusted EBITDA1 $8,581 Increase of 12% to 15% Capital expenditures $3,934 $3,800 to $4,000 Free cash flow4 $2,414 $2,900 to $3,100 Note: For fur
Slide 16: Q2 2024 Results
Q2 2024 Results July 24, 2024 16
Rogers Communications — Q2 2024 Earnings Presentation on 6ix