Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q3 2024 Earnings Presentation
16 slides from Rogers Communications Inc. Class A's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Results
Q3 2024 Results October 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 October 24, 2024. Certain statements made in this presentation, including, but not limited to, statements relating
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Strong execution
Strong execution • More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada • Added industry-best 1.9 million mobile phone and Internet subscribers over the past eleven quarters • Record Wireless and Cable adjusted EBITDA margins in Q3 • Strong after-tax free c
Slide 5: Q3 consolidated results
Q3 consolidated results +1% +6% Total service Adjusted revenue EBITDA1 ($M) ($M) 4,527 4,567 2,545 2,411 Q3’23 Q3’24 Q3’23 Q3’24 5
Slide 6: Wireless
Wireless 194K 66.1% Total mobile Adjusted phone EBITDA net adds margin (‘000s) (%) 261 63.9 66.1 194 Q3’23 Q3’24 Q3’23 Q3’24 6
Slide 7: Cable
Cable 33K 57.5% Retail Internet Adjusted EBITDA net adds margin (‘000s) (%) 57.5 33 54.2 18 Q3’23 Q3’24 Q3’23 Q3’24 7
Slide 8: Glenn Brandt, CFO
Glenn Brandt CFO 8
Slide 9: Q3 Wireless results
Q3 Wireless results +2% +5% +4bps (0.4%) Service Adjusted Postpaid mobile Mobile phone revenue EBITDA phone churn ARPU2 ($M) ($M) (%) ($) 2,026 2,066 1,365 1.08 1.12 58.83 58.57 1,294 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 9
Slide 10: Q3 Cable results
Q3 Cable results (1%) +5% +330bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 1,993 1,133 57.5 1,970 1,080 54.2 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 10
Slide 11: Q3 Media results
Q3 Media results +11% +25% Revenue Adjusted EBITDA ($M) ($M) 653 586 134 107 Q3’23 Q3’24 Q3’23 Q3’24 11
Slide 12: Q3 capital expenditures
Q3 capital expenditures (4%) Capital expenditures ($M) 1,017 977 Q3’23 Q3’24 12
Slide 13: Q3 consolidated results
Q3 consolidated results In millions of dollars, except margins and per share amounts Q3’24 % Change Total service revenue 4,567 1 Adjusted EBITDA1 2,545 6 Adjusted EBITDA margin2 49.6% 2.3pts Net income 526 n/m Diluted earnings per share $0.98 n/m Adjusted net income3 762 12 Adjusted diluted earning
Slide 14: Strong financial position
Strong financial position Available liquidity4 of $4.8B Weighted average interest rate of 4.69% with average term to maturity of 10.1 years Debt leverage ratio4 4.6x 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: Q3 2024 Results
Q3 2024 Results October 24, 2024 16
Rogers Communications — Q3 2024 Earnings Presentation on 6ix