14 slides from Rogers Communications Inc. Class A's earnings presentation, Jul 27, 2022
Slide 1: Q2 2022 Results
Q2 2022 Results July 27, 2022 © ROGERS.
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 27, 2022. These materials should be read in conjunction with the disclosure documents referenced below. Certai
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO
Slide 4: Strong Wireless performance
Strong Wireless performance 122k 0.68% Postpaid Postpaid mobile phone mobile net adds phone churn (‘000s) (%) 122 0.76 0.68 60 Q2’21 Q2’22 Q2’21 Q2’22
Slide 5: Solid execution on Cable
Solid execution on Cable +6% +12K Adjusted Retail Internet EBITDA net adds ($M) (K) 520 492 26 14 Q2’21 Q2’22 Q2’21 Q2’22
Slide 6: Media revenue growth & return to profitability
Media revenue growth & return to profitability +21% +$77M Revenue Adjusted EBITDA ($M) ($M) 659 546 (75) 2 Q2’21 Q2’22 Q2’21 Q2’22
Slide 7: Glenn Brandt, CFO
Glenn Brandt CFO —
Slide 8: Q2 Wireless results
Q2 Wireless results +11% +11% - +6% Service Adjusted Adj. EBITDA Mobile phone revenue EBITDA service margin ARPU1 ($M) ($M) (%) ($) 1,791 1,118 62.4 62.4 58.83 1,616 55.67 1,008 Q2’21 Q2’22 Q2’21 Q2’22 Q2’21 Q2’22 Q2’21 Q2’22 Wireless service revenue and adjusted EBITDA +11% year-on-year, driven by
Slide 9: Q2 Cable results
Q2 Cable results +3% +6% +25K +2% Revenue Adjusted Video Customer EBITDA net adds relationships ($M) ($M) (K) (K) 1,041 2,603 520 2,543 1,013 492 21 (4) Q2’21 Q2’22 Q2’21 Q2’22 Q2’21 Q2’22 Q2’21 Q2’22 Cable financial results driven by growth in our Internet and Video subscriber bases, and benefit of
Slide 10: Q2 Media results
Q2 Media results +21% +$77M Revenue Adjusted EBITDA ($M) ($M) 659 546 2 Q2’21 Q2’22 -75 Q2’21 Q2’22 Media growth supported by higher advertising revenue and strong Toronto Blue Jays performance. Adjusted EBITDA return to profitability.
Slide 11: Q2 consolidated results
Q2 consolidated results In millions of dollars, except percentages and per share amounts Q2’22 % Change Total service revenue increase reflects the Total service revenue 3,443 10 continued COVID-19 recovery, return of Adjusted EBITDA2 1,592 16 travel, a larger customer base, and higher Adjusted EBIT
Slide 12: Strong financial position
Strong financial position Debt leverage ratio4 of 3.2x Available liquidity4 of $3.8B Weighted average interest rate of 4.26% with average term to maturity of 12.3 years
Slide 13: Maintaining Guidance
Maintaining Guidance 2021 2022 Result Guidance Total service revenue $12,533M Increase of 6% to 8% Adjusted EBITDA $5,887M Increase of 8% to 10% Capital expenditures $2,788M $2,800M to $3,000M Free cash flow excluding Shaw financing5 $1,671M $1,900M to $2,100M Notes: For further information, please
Slide 14: Q2 2022 Results
Q2 2022 Results July 27, 2022 © ROGERS.