Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q1 2023 Earnings Presentation
17 slides from Rogers Communications Inc. Class A's earnings presentation, Apr 26, 2023
Slide 1: Q1 2023 Results
Q1 2023 Results April 26, 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 April 26, 2023. These materials should be read in conjunction with the disclosure documents referenced below. Certa
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Q1 consolidated results
Q1 consolidated results +4% +7% Total service Adjusted revenue EBITDA ($M) ($M) 3,314 1,651 3,196 1,539 Q1’22 Q1’23 Q1’22 Q1’23 4
Slide 5: Wireless
Wireless 95K 64.2% Postpaid mobile Adjusted EBITDA phone service margin net adds (‘000s) (%) 95 64.2 66 63.0 Q1’22 Q1’23 Q1’22 Q1’23 5
Slide 6: Cable
Cable 14K 54.8% Retail Internet Adjusted EBITDA net adds margin (‘000s) (%) 14 53.2 54.8 13 Q1’22 Q1’23 Q1’22 Q1’23 6
Slide 7: Media
Media +5% $28M Revenue Adjusted EBITDA improvement Retail Internet net adds ($M) ($M) 505 482 (66) (38) Q1’22 Q1’23 Q1’22 Q1’23 7
Slide 8: Capital expenditures
Capital expenditures +37% Capital expenditures ($M) 892 649 Q1’22 Q1’23 8
Slide 9: Rogers-Shaw integration update
Rogers-Shaw integration update • Transaction closed April 3, 2023 • Credit rating agencies have all maintained investment grade rating • Executive leadership team announced • Integrating day to day operations well underway 9
Slide 10: Glenn Brandt, CFO
Glenn Brandt CFO 10
Slide 11: Q1 Wireless results
Q1 Wireless results +7% +9% +8bps stable Service revenue Adjusted EBITDA Postpaid mobile Mobile phone phone churn ARPU1 ($M) ($M) (%) ($) 1,836 1,179 0.79 57.25 57.26 1,723 1,085 0.71 Q1’22 Q1’23 Q1’22 Q1’23 Q1’22 Q1’23 Q1’22 Q1’23 11
Slide 12: Q1 Cable results
Q1 Cable results (2%) +1% +1.6pts Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 1,036 1,017 557 54.8 551 53.2 Q1’22 Q1’23 Q1’22 Q1’23 Q1’22 Q1’23 12
Slide 13: Q1 Media results
Q1 Media results +5% $28M Revenue Adjusted EBITDA improvement ($M) ($M) 505 482 (66) (38) Q1’22 Q1’23 Q1’22 Q1’23 13
Slide 14: Q1 consolidated results
Q1 consolidated results In millions of dollars, except margins Q1’ % and per share amounts 23 Change Total service revenue increase driven by a larger Total service revenue 3,314 4 customer base, and revenue growth in our Wireless and Media businesses. Adjusted EBITDA2 1,651 7 Adjusted EBITDA margin
Slide 15: Strong financial position
Strong financial position Available liquidity4 of $3.3B Weighted average interest rate of 4.56% with average term to maturity of 11.2 years Debt leverage ratio excluding Shaw financing3 3.2x 15
Slide 16: 2023 Guidance
2023 Guidance 2022 2023 (In millions of dollars, except percentages) Actual Guidance Total service revenue $13,305M Increase of 26% to 30% Adjusted EBITDA $6,393M Increase of 31% to 35% Capital expenditures $3,075M $3,700 to $3,900 Free cash flow $1,773M $2,000 to $2,200 Notes: For further informati
Slide 17: Q1 2023 Results
Q1 2023 Results April 26, 2023
Rogers Communications — Q1 2023 Earnings Presentation on 6ix