Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q3 2020 Earnings Presentation
17 slides from Rogers Communications Inc. Class A's earnings presentation, Oct 22, 2020
Slide 1: Q3 2020 Results
Q3 2020 Results October 22, 2020 1 | Q3 2020 Results
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 October 22, 2020. These materials should be read in conjunction with the disclosure documents referenced below. Cer
Slide 3: Joe Natale, President and CEO
Joe Natale President and CEO 3 | Q3 2020 Results
Slide 4: Strong rebound in Wireless
Strong rebound in Wireless +35k -10 bps Postpaid net adds Postpaid Largest unlimited base churn 2.2 million customers (‘000s) (%) +300,000 in Q3 1.20 138 1.10 103 Q3‘19 Q3'20 Q3'19 Q3'20 Rogers Infinite customers using 130% more data 4 | Q3 2020 Results
Slide 5: Continued stability in Cable
Continued stability in Cable +2% +120 bps Adj. EBITDA Adj. EBITDA margin ($M) (%) 508 50.2 51.4 499 Q3‘19 Q3'20 Q3'19 Q3'20 5 | Q3 2020 Results
Slide 6: Sports and Media back online
Sports and Media back online 66| |Q3 Q32020 2020Results Results
Slide 7: Accelerating Digital
Accelerating Digital Ongoing improvements in self-install and remote customer care Priority to keep customers connected and employees safe Wireless: Cable: Digital gains Focused on self-installs Digital service and support increasing 95% of installations in Q3 were self-install Nearly all top 5 serv
Slide 8: Leading the way on 5G
Leading the way on 5G Canada’s Largest 5G Network1 130 communities Over 10x more coverage1 1. As of October 15, 2020. Largest based on total square kilometres of Rogers 5G coverage compared to published coverage of other national networks. 88| |Q3 Q32020 2020Results Results
Slide 9: Leading the way on 5G
Leading the way on 5G Abbotsford-Mission BC Cochrane AB Hamilton ON Medicine Hat AB Pickering ON Surrey BC Airdrie AB Cold Lake AB High River AB Merritt BC Pitt Meadows BC Sylvan Lake AB Ajax ON Colwood BC Hinton AB Milton ON Port Coquitlam BC Taber AB Arnprior ON Comox BC Hope BC Mississauga ON Por
Slide 10: Tony Staffieri, CFO
Tony Staffieri CFO 10 | Q3 2020 Results
Slide 11: Q3 Wireless results
Q3 Wireless results -9% -4% +300 bps -9% Service Adjusted Adj. EBITDA service Blended revenue EBITDA margin ARPU ($M) ($M) (%) ($) 1,808 1,138 65.9 1,652 1,089 62.9 56.01 51.12 Q3'19 Q3'20 Q3'19 Q3'20 Q3'19 Q3'20 Q3'19 Q3'20 Large unlimited base and digital servicing contributing to Wireless adjuste
Slide 12: Q3 Cable results
Q3 Cable results 0% +2% +11k -1% Service Adjusted Total customer ARPA Revenue EBITDA relationships1 ($M) ($M) (‘000s) ($) 508 2,502 2,513 989 985 132.22 131.25 499 Q3'19 Q3'20 Q3'19 Q3'20 Q3'19 Q3'20 Q3'19 Q3'20 Operational efficiencies and self-installs offsetting revenue pressures due to COVID-19
Slide 13: Q3 Media results
Q3 Media results +1% -32% Revenue Adjusted EBITDA ($M) ($M) 483 489 130 89 Q3'19 Q3'20 Q3'19 Q3'20 Higher sports-related and TSC revenue offsetting lower Toronto Blue Jays game-day revenue 13 | Q3 2020 Results
Slide 14: Q3 consolidated results
Q3 consolidated results Q3'20 %Chg Service revenue decline reflects In millions of dollars, except percentages and per share amounts reduced roaming revenue and Total service revenue 3,086 (5) lower overage fees from strong adoption of Rogers Infinite plans Adjusted EBITDA 1,638 (4) Adjusted EBITDA
Slide 15: Strong financial position in COVID-19 environment
Strong financial position in COVID-19 environment Debt leverage ratio of 3.0x Investment-grade balance sheet with healthy available liquidity Weighted average interest position of $5.5 billion rate of 4.16% with average term to maturity of 13.2 years 9 | Q3 2020 Results 15 | Q3 2020 Results
Slide 16: Outlook
Outlook Strong market share across all assets positions company well as the economy resumes its gradual recovery Maintaining financial strength and strong free cash flow will remain a priority For further information, please see the "Quarterly Financial Highlights - Financial guidance" section in ou
Slide 17: Q3 2020 Results
Q3 2020 Results October 22, 2020 17 | Q3 2020 Results
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