Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q2 2023 Earnings Presentation
17 slides from Rogers Communications Inc. Class A's earnings presentation, Jul 26, 2023
Slide 1: Q2 2023 Results
Q2 2023 Results July 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 July 26, 2023. These materials should be read in conjunction with the disclosure documents referenced below and ref
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Rogers-Shaw integration update
Rogers-Shaw integration update • Integration off to a strong start, proceeding ahead of plan • Thoughtfully integrating Rogers and Shaw branding / go to market in Western Canada o Rogers wireless plans rolled out to Shaw Mobile customers o Rogers Internet and TV services now available in Shaw territ
Slide 5: Q2 consolidated results
Q2 consolidated results +32% +38% Total service Adjusted revenue EBITDA ($M) ($M) 4,534 2,190 3,443 1,592 Q2’22 Q2’23 Q2’22 Q2’23 5
Slide 6: Wireless
Wireless 170K 63.6% Postpaid mobile Adjusted EBITDA phone margin net adds (‘000s) (%) 170 63.6 62.4 122 Q2’22 Q2’23 Q2’22 Q2’23 6
Slide 7: Cable
Cable 25K 51.0% Retail Internet Adjusted EBITDA net adds margin (‘000s) (%) 50.0 51.0 26 25 Q2’22 Q2’23 Q2’22 Q2’23 7
Slide 8: Balance sheet & guidance update
Balance sheet & guidance update • Debt leverage ratio of 5.1x – targeting 4.9x by end of 2023. • Increased our 2023 guidance for adjusted EBITDA and free cash flow. 8
Slide 9: Glenn Brandt, CFO
Glenn Brandt CFO © ROGERS
Slide 10: Q2 Wireless results
Q2 Wireless results +7% +9% +19bps (3%) Service Adjusted Postpaid mobile Mobile phone revenue EBITDA phone churn ARPU1 ($M) ($M) (%) ($) 1,920 1,222 0.87 58.83 56.79 1,791 1,118 0.68 Q2’22 Q2’23 Q2’22 Q2’23 Q2’22 Q2’23 Q2’22 Q2’23 10
Slide 11: Q2 Cable results
Q2 Cable results +93% +97% +100bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 2,013 1,026 1,041 51.0 520 50.0 Q2’22 Q2’23 Q2’22 Q2’23 Q2’22 Q2’23 11
Slide 12: Q2 Media results
Q2 Media results +4% +$2M Revenue Adjusted EBITDA ($M) ($M) 686 659 2 4 Q2’22 Q2’23 Q2’22 Q2’23 12
Slide 13: Q2 consolidated results
Q2 consolidated results In millions of dollars, except margins and per share amounts Q2’23 % Change Total service revenue 4,534 32 Adjusted EBITDA2 2,190 38 Adjusted EBITDA margin1 43.4 2.2pts Net income 109 (73) Diluted EPS 0.20 (74) Adjusted net income3 544 17 Adjusted diluted EPS3 1.02 19 Capital
Slide 14: Capital expenditures
Capital expenditures +39% Capital expenditures ($M) 1,079 778 Q2’22 Q2’23 14
Slide 15: Strong financial position
Strong financial position Available liquidity4 of $5.1B Weighted average interest rate of 4.80% with average term to maturity of 9.9 years Debt leverage ratio 5.1x 15
Slide 16: 2023 Guidance
2023 Guidance 2022 March 31, 2023 July 26, 2023 (In millions of dollars, except percentages) Actual Guidance Ranges Guidance Ranges Total service revenue $13,305M Increase of 26% to 30% Increase of 26% to 30% Adjusted EBITDA $6,393M Increase of 31% to 35% Increase of 33% to 36% Capital expenditures
Slide 17: Q2 2023 Results
Q2 2023 Results July 26, 2023
Rogers Communications — Q2 2023 Earnings Presentation on 6ix