Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q3 2023 Earnings Presentation
17 slides from Rogers Communications Inc. Class A's earnings presentation, Nov 9, 2023
Slide 1: Q3 2023 Results
Q3 2023 Results November 9, 2023
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 November 9, 2023. These materials should be read in conjunction with the disclosure documents referenced below and
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Strong third quarter execution
Strong third quarter execution • Strong, industry-leading financials delivered across all parts of our operations • Best postpaid mobile phone loading on record, and strongest quarterly phone loading ever by a Canadian wireless company • Shaw integration and synergy targets ahead of plan • Debt leve
Slide 5: Q3 consolidated results
Q3 consolidated results +40% +52% Total service Adjusted revenue EBITDA1 ($M) ($M) 4,527 2,411 3,230 1,583 Q3’22 Q3’23 Q3’22 Q3’23 5
Slide 6: Wireless
Wireless 225K 63.9% Postpaid mobile Adjusted EBITDA phone margin2 net adds (‘000s) (%) 225 63.9 62.1 164 Q3’22 Q3’23 Q3’22 Q3’23 6
Slide 7: Cable
Cable 18K 54.2% Retail Internet Adjusted EBITDA net adds margin (‘000s) (%) 54.2 18 47.7 6 Q3’22 Q3’23 Q3’22 Q3’23 7
Slide 8: Select Q3 industry leading initiatives
Select Q3 industry leading initiatives • Awarded best and most reliable 5G network in country for the fifth year in a row by umlaut • Launched 5G connectivity to Toronto’s subway system: First to launch 5G service to the TTC subway and delivered connectivity to all riders on the TTC 5G network • Bri
Slide 9: Glenn Brandt, CFO
Glenn Brandt CFO 9
Slide 10: Q3 Wireless results
Q3 Wireless results +15% +18% +11bps +4% Service Adjusted Postpaid mobile Mobile phone revenue EBITDA phone churn ARPU2 ($M) ($M) (%) ($) 2,026 1,294 58.83 1.08 56.82 1,761 1,093 0.97 Q3’22 Q3’23 Q3’22 Q3’23 Q3’22 Q3’23 Q3’22 Q3’23 10
Slide 11: Q3 Cable results
Q3 Cable results +104% +132% +650bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 1,993 1,080 975 54.2 465 47.7 Q3’22 Q3’23 Q3’22 Q3’23 Q3’22 Q3’23 11
Slide 12: Q3 Media results
Q3 Media results +11% +41% Revenue Adjusted EBITDA ($M) ($M) 586 530 107 76 Q3’22 Q3’23 Q3’22 Q3’23 12
Slide 13: Q3 Capital expenditures
Q3 Capital expenditures +17% Capital expenditures ($M) 1,017 872 Q3’22 Q3’23 13
Slide 14: Q3 consolidated results
Q3 consolidated results In millions of dollars, except margins and per share amounts Q3’23 % Change Total service revenue 4,527 40 Adjusted EBITDA 2,411 52 Adjusted EBITDA margin 47.3% 5.0pts Net loss (99) n/m Diluted loss per share (0.20) n/m Adjusted net income3 679 56 Adjusted diluted EPS3 1.27 5
Slide 15: Strong financial position
Strong financial position Available liquidity4 of $7.3B Weighted average interest rate of 4.88% with average term to maturity of 10.1 years Debt leverage ratio 4.9x 15
Slide 16: 2023 Guidance
2023 Guidance 2022 Reaffirming (In millions of dollars, except percentages) Actual 2023 Guidance Total service revenue $13,305M Increase of 26% to 30% Adjusted EBITDA $6,393M Increase of 33% to 36% Capital expenditures $3,075M $3,700 to $3,900 Free cash flow $1,773M $2,200 to $2,500 Note: For furthe
Slide 17: Q3 2023 Results
Q3 2023 Results November 9, 2023
Rogers Communications — Q3 2023 Earnings Presentation on 6ix