Rogers Communications Investor Presentation — July 2022

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July 27, 2022Q2 2022

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

investor conference callonJuly 27,2022 .These materials should beread inconjunction with thedisclosure documents referenced below .

Certain statements made inthis presentation, including, but notlimited 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 requireRogers’ management tomake assumptions and predictions and aresubject toinherent risks and uncertainties, thus there

isrisk that theforward -looking statements willnot prove tobeaccurate .Readers arecautioned not toplace undue reliance onforward -looking

statements asanumber offactors could cause actual future results and events todiffer materially from that expressed inthe forward -looking

statements .Accordingly, ourcomments aresubject tothedisclaimer and qualified bytheassumptions and riskfactors referred toinRogers’ 2021

Annual Report andRogers’ Second Quarter 2022 Management Discussion and Analysis (MD&A), asfiled with securities regulators atsedar .com and

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

expectations asoftoday and, accordingly, are subject tochange going forward .Except asrequired bylaw, Rogers disclaims any intention or

obligation toupdate orrevise forward -looking statements .

This presentation includes non-GAAP financial measures and other specified financial measures (asdescribed below) that arenot standardized

under IFRS and might not becomparable tosimilar financial measures disclosed byother companies .See "Non -GAAP and Other Financial

Measures" inourQ22022 MD&A formore information about these measures, available atwww .sedar .com and investors .rogers .com .

1Mobile phone ARPU, adjusted EBITDA margin, and capital intensity aresupplementary financial measures .

2Adjusted EBITDA isatotal ofsegments measure .

3Adjusted diluted earnings pershare isanon-GAAP ratio .Adjusted netincome isacomponent ofadjusted diluted earnings pershare and isanon-GAAP measure .

4Free cash flow, available liquidity, and debt leverage ratio arecapital management measures .

5Free cash flow excluding Shaw financing isanon-GAAP measure .

This presentation discusses certain keyperformance indicators used byRogers, including total service revenue (total revenue excluding equipment