Rogers Communications Investor Presentation — June 2020

Document content

TSX: RCI NYSE: RCI

Rogers Communications Inc.

Consolidated Financial Results

(In millions of dollars, except per share amounts) Q2'20 Q1'20 Annual Q4'19 Q3'19 Q2'19 Q1'19

Wireless 1,934 2,077 9,250 2,493 2,324 2,244 2,189

Cable 966 973 3,954 987 994 997 976

Media 296 412 2,072 530 483 591 468

Corporate items and intercompany eliminations (41) (46) (203) (58) (47) (52) (46)

Revenue 3,155 3,416 15,073 3,952 3,754 3,780 3,587

Total service revenue 1 2,797 3,049 12,965 3,244 3,233 3,345 3,143

Wireless 918 1,026 4,345 1,064 1,138 1,128 1,015

Cable 454 453 1,919 497 499 478 445

Media (35) (85) 140 22 130 72 (84)

Corporate items and intercompany eliminations (43) (59) (192) (53) (55) (43) (41)

Adjusted EBITDA 1,294 1,335 6,212 1,530 1,712 1,635 1,335

Depreciation and amortization 650 639 2,488 638 627 614 609

Restructuring, acquisition and other 42 21 139 38 42 39 20

Finance costs 214 220 840 230 215 206 189

Other expense (income) 7 (14) (10) (12) 16 (1) (13)

Net income before income tax expense 381 469 2,755 636 812 777 530

Income tax expense 102 117 712 168 219 186 139

Net income 279 352 2,043 468 593 591 391

Basic $0.55 $0.70 $3.99 $0.92 $1.16 $1.15 $0.76

Diluted $0.54 $0.68 $3.97 $0.92 $1.14 $1.15 $0.76

Net income 279 352 2,043 468 593 591 391

Restructuring, acquisition and other 42 21 139 38 42 39 20

Loss on repayment of long-term debt — — 19 19 — — —

Income tax impact of above items (11) (6) (43) (14) (13) (10) (6)

Income tax adjustment, legislative tax change — — (23) — — (23) —

Adjusted net income 2 310 367 2,135 511 622 597 405

Preview truncated — download the full document for the complete content.