Rogers Communications Inc. Class A · TSX:RCI.A
Rogers Communications Inc. Class A — Q1 2024 Earnings Presentation
16 slides from Rogers Communications Inc. Class A's earnings presentation, Apr 24, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results April 24, 2024
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 24, 2024. These materials should be read in conjunction with the disclosure documents referenced below and re
Slide 3: Tony Staffieri, President and CEO
Tony Staffieri President and CEO 3
Slide 4: Strong Q1 execution / initiatives
Strong Q1 execution / initiatives • Canadians continue to choose Rogers more than any other carrier • Wireless and Cable operations continue to deliver industry-leading growth • Company exits first quarter having completed $1 billion in synergy activities – one year ahead of schedule • First carrier
Slide 5: Q1 consolidated results
Q1 consolidated results +31% +34% Total service Adjusted revenue EBITDA1 ($M) ($M) 4,357 2,214 3,314 1,651 Q1’23 Q1’24 Q1’23 Q1’24 5
Slide 6: Wireless
Wireless 98K 64.3% Postpaid mobile Adjusted EBITDA phone margin net adds (‘000s) (%) 98 64.2 64.3 95 Q1’23 Q1’24 Q1’23 Q1’24 6
Slide 7: Cable
Cable 20K 26K 56.1% 56.2% Retail Internet Adjusted Adjusted EBITDA EBITDA net adds margin margin (‘000s) (%) 56.2 26 54.8 14 Q1’23 Q1’24 Q1’23 Q1’24 7
Slide 8: Glenn Brandt, CFO
Glenn Brandt CFO 8
Slide 9: Q1 Wireless results
Q1 Wireless results +9% +9% +31bps +1.4% Service Adjusted Postpaid mobile Mobile phone revenue EBITDA phone churn ARPU2 ($M) ($M) (%) ($) 1,996 1,284 1.10 58.06 1,836 1,179 0.79 57.26 Q1’23 Q1’24 Q1’23 Q1’24 Q1’23 Q1’24 Q1’23 Q1’24 9
Slide 10: Q1 Cable results
Q1 Cable results +93% +97% +140bps Revenue Adjusted Adjusted EBITDA EBITDA margin ($M) ($M) (%) 1,959 1,100 1,017 56.2 557 54.8 Q1’23 Q1’24 Q1’23 Q1’24 Q1’23 Q1’24 10
Slide 11: Q1 Media results
Q1 Media results (5%) ($65M) Revenue Adjusted EBITDA ($M) ($M) 505 479 (38) (103) Q1’23 Q1’24 Q1’23 Q1’24 11
Slide 12: Q1 capital expenditures
Q1 capital expenditures +19% Capital expenditures ($M) 1,058 892 Q1’23 Q1’24 12
Slide 13: Q1 consolidated results
Q1 consolidated results In millions of dollars, except margins and per share amounts Q1’24 % Change Total service revenue 4,357 31 Adjusted EBITDA1 2,214 34 Adjusted EBITDA margin2 45.2% 2.1pts Net income 256 (50) Diluted earnings per share $0.46 (54) Adjusted net income3 540 (2) Adjusted diluted ea
Slide 14: Strong financial position
Strong financial position Available liquidity4 of $4.6B Weighted average interest rate of 4.76% with average term to maturity of 10.5 years Debt leverage ratio4 4.7 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: Q1 2024 Results
Q1 2024 Results April 24, 2024
Rogers Communications — Q1 2024 Earnings Presentation on 6ix