Rogers Communications Investor Presentation — January 2020

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January 22, 20202| Q4 2019 ResultsCautionary note

The following materials areforpresentation purposes only .They accompany thediscussions held during Rogers Communications Inc.’s(Rogers) investor conference callon

January 22,2020 .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 arenot historical facts, are forward -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 to

beaccurate .Readers arecautioned nottoplace undue reliance onforward -looking statements asanumber offactors could cause actual future results and events todiffer

materially from that expressed intheforward -looking statements .Accordingly, ourcomments aresubject tothedisclaimer and qualified bytheassumptions and riskfactors

referred toinRogers’ 2018 Annual Report and Rogers’ Fourth Quarter 2019 Press Release (which was issued onJanuary 22,2020 ),asfiled with securities regulators at

sedar .com and sec.gov, and also available atinvestors .rogers .com .The forward -looking statements made inthis presentation and discussion describe ourexpectations asof

today and, accordingly, aresubject tochange going forward .Except asrequired bylaw, Rogers disclaims any intention orobligation toupdate orrevise forward -looking

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 the new accounting standard, IFRS 16,Leases (IFRS 16),that isdiscussed in"Critical

Accounting Policies and Estimates" inRogers’ Fourth Quarter 2019 Press Release .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 ,and blended ARPU .Descriptions ofthese indicators canbefound inthedisclosure documents referenced above .

TMTrademarks oforused under license from Rogers Communications Inc.oranaffiliate .Allother trademarks aretheproperty oftheir respective owners .