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Format: PDF investor_presentation
Rogers Communications investor presentation dated April 2019.
Q1 2019 ResultsThe following materials areforpresentation purposes only .They accompany thediscussions held during Rogers Communications Inc.’s(Rogers) investor conference call
onApril 18,2019 .These materials should beread inconjunction with thedisclosure documents referenced below .
Certain statements made inthis presentation, including, but not limited to,statements relating toexpected future events, financial and operating results, guidance,
objectives, plans, strategic priorities and other statements that arenothistorical facts, areforward -looking .Bytheir nature, forward -looking statements require Rogers’
management tomake assumptions and predictions and aresubject toinherent risks and uncertainties, thus there isriskthat theforward -looking statements willnotprove
tobeaccurate .Readers arecautioned nottoplace undue reliance onforward -looking statements asanumber offactors could cause actual future results and events to
differ materially from that expressed intheforward -looking statements .Accordingly, ourcomments aresubject tothedisclaimer and qualified bytheassumptions and
riskfactors referred toinRogers’ 2018 Annual Report, and Rogers’ First Quarter 2019 MD&A (which was issued onApril 18,2019 ),asfiled with securities regulators at
sedar .com and sec.gov, and also available atinvestors .rogers .com .The forward -looking statements made inthispresentation and discussion describe ourexpectations as
oftoday and, accordingly, aresubject tochange going forward .Except asrequired bylaw, Rogers disclaims any intention orobligation toupdate orrevise forward -
looking statements .
This presentation includes non-GAAP measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted netincome, adjusted diluted EPS, adjusted netdebt, debt
leverage ratio (adjusted netdebt /12-months trailing adjusted EBITDA), and free cash flow .Descriptions ofthese measures and why they areused can befound inthe
disclosure documents referenced above .Effective January 1,2019 ,weadopted thenew accounting standard, IFRS 16,Leases (IFRS 16),that isdiscussed in"Critical
Accounting Policies and Estimates" inRogers’ First Quarter 2019 MD&A .The adoption ofIFRS 16had asignificant effect onourreported results .Due toourselected
transition method, wehave notrestated ourprior year comparatives .
This presentation discusses certain keyperformance indicators used byRogers, including total service revenue (total revenue excluding equipment revenue inWireless
and Cable), subscriber counts, subscriber churn, blended ARPU, and blended ABPU .Descriptions ofthese indicators can befound inthe disclosure documents
referenced above .3|
Disciplined execution
Q1 2019 ResultsConsolidated
Q1'183,127Total service revenue+3%11
1. Excluding the impact of certain baseball -related transactions. Including the impact of these transactions, total service revenue grew by 1% and adjusted EBITDA was stable.4|
Focus on Wireless fundamentals –record churn of 0.99%
Q1 2019 ResultsQ1’190.99(%)
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